Building the Balance Sheet
Hi Everyone, Carl Gould here with your #70secondCEO. That’s right just a 70 second investment each day for a lifetime of results. Today’s topic is - Building the Balance Sheet.
You know it’s interesting people come to me and say, ‘Carl, grow my business.” What they’re talking about though is their profit and loss, their income statement, am I making more than I’m paying out? But you know what, you’re not building wealth there, it’s your balance sheet where you start building wealth so, what we’re recommending here is taking up to 3% of your gross revenue putting it in a segmented account to build your assets.
Buy the building in which you are operating
Invest in deferred comp
Insurance policies
Key man insurance
Life insurance
Other insurance and safety vehicles like that, that fall into deferred comp
Your retirement plan
Investing in stocks
Investing in other businesses
How are you building your balance sheet?
So, of the things I just mentioned, which are the ones you still need to do?
Like, follow this podcast, comment below, and tell me which area of your balance sheet you still need to build. This is Carl Gould and this has been your #70secondCEO.
Carl Gould-#70secondCEO-The Problem Solving Engine Part 1
Carl-Gould-#70secondCEO-Focus and Reframe for Success
Carl-Gould-#70secondCEO-Getting Others to Perform - Empower Them
Carl-Gould-#70secondCEO-Making Your Voice STAND out
Carl Gould-#70secondCEO-Open Your Eyes to New Perspectives
Carl Gould-#70secondCEO-Productize all of Your Operations
Carl Gould-#70secondCEO- Find Yourself and Lose Yourself in Your Work
Carl-Gould-#70secondCEO-The Power and The Risk and The Danger of Your Business
Carl-Gould-#70SecondCEO-What is Your Standard That You're Living By
Carl-Gould-#70SecondCEO-ConvenientorNecessary. What are You Doing in Your Business?
Carl-Gould-#70secondCEO-Client Agreements...At Will Part 2
Carl-Gould-#70secondCEO-Client Agreements...At Will
Carl-Gould-#70secondCEO-Can You Keep The Base Price
Carl-Gould-#70secondCEO-There is a Risk in Not Raising Your Price Part 2
Carl-Gould-#70secondCEO-There is a Risk in Not Raising Your Price
Carl Gould-#70secondCEO-You Need to Get to the Point Where You Get...Yes But
Carl-Gould-#70secondCEO-How Much Could You Raise Your Pricing Without Losing Clients
Carl-Gould-#70secondCEO-It's ALL in the Presentation
Carl-Gould-#70secondCEO-Keep the Buying Process Simple
Carl-Gould-#70secondCEO-We Brag About the Premium Purchases We Make
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