Tycoons of Small Biz

Starting from scratch is one thing. Starting with debt, doubt, and no safety net is another. In this powerful replay from Tycoons of Small Biz, real estate entrepreneurs Ryan Zolin and Steve Trang open up about the moments they nearly walked away. Steve shares how he racked up $45,000 in credit card debt during the 2008 crash. Ryan talks about being 18, underestimated, and how he earned trust desp...

In this episode of Tycoons of Small Biz, hosts Austin Peterson and Landon Mance explore the common misconception among small business owners that their business alone will fully fund their retirement. They discuss the importance of creating a diversified retirement roadmap and aligning personal wealth-building efforts outside of the business. The hosts emphasize the significance of planning ahead,...

In the milestone 200th episode of 'Tycoons of Small Biz,' hosts Austin Peterson and Landon Mance discuss the crucial intersection of physical health and business performance. They share personal experiences and practical tips on how maintaining physical well-being—through sleep, nutrition, exercise, and biohacking—can lead to better business outcomes. The conversation also highlights how incorpora...

In this episode of Tycoons of Small Biz, hosts Austin Peterson and Landon Mance discuss the critical topic of burnout among entrepreneurs. With their combined experiences as business owners, investors, and operators, they delve into the causes, consequences, and preventive measures of burnout. They emphasize the importance of mental health and outline strategies to maintain balance, such as schedu...

Strategic Debt: Power Move or Pitfall? 💥 Most business owners hear the word “debt” and immediately cringe… but what if we told you it can actually be a smart tool to grow your business? In this episode of Tycoons of Small Biz , we break down: ✅ The difference between good debt, bad debt, and flat-out stupid debt ✅ How to scale without selling your soul (or your equity) ✅ Why your cash flow for...

In this episode of 'Tycoons of Small Biz,' hosts Austin Peterson and Landon Mance discuss the critical journey from building business growth to achieving liquidity for small business owners. The episode focuses on the significance of treating a business as part of a comprehensive financial plan, ensuring business owners achieve financial independence outside the business. Key topics include the im...

In this episode of Tycoons of Small Biz, hosts Austin Peterson and Landon Mance dive into smart tax planning strategies for small business owners. They discuss the importance of proactive tax planning, share insights from their experience, and provide case studies demonstrating significant tax savings. The episode underscores the necessity of collaborating with tax and financial advisors to naviga...

Join Austin Peterson and Landon Mance in this episode of Tycoons of Small Biz as they delve into crucial tax strategies for small business owners. Discover the importance of year-round tax planning, learn about commonly overlooked tax deductions, and understand the impact of strategic spending on your business's value. From the benefits of a cost segregation study to the significance of meeting wi...

In this episode of Tycoons of Small Biz, hosts Austin Peterson and Landon Mance discuss the importance of emergency funds and contingency planning for small business owners. Drawing on their experience as financial planners and business consultants, they share insights on preparing for unexpected events such as economic downturns, employee fraud, and health issues. They explain how to determine th...

Hosts, Austin Peterson and Landon Mance of Backbone Planning Partners, discuss retirement planning for small business owners. They address the common notion of relying solely on the business as a retirement plan, emphasizing the importance of diversification and establishing separate retirement accounts like SEP IRAs, Simple IRAs, and 401(k)s. They advocate for setting aside a significant portion...

In this episode of 'Tycoons of Small Biz,' the focus is on the critical importance of cash flow management for small businesses. Austin explains how cash flow is essential for business growth and financial stability. He shares practical insights on managing accounts receivable and payable, proactive forecasting, and leveraging surplus cash effectively. Additionally, Austin discusses the significan...

In this episode of Tycoons of Small Biz, hosts Austin Peterson and Landon Mance explore strategies for small business owners to set effective goals and assess their progress. Starting with personal anecdotes and the importance of setting both personal and professional goals, the hosts discuss actionable steps such as conducting SWOT analyses, creating dashboards for key financial metrics, and the...

Unveiling the Unique Approach of Backbone Planning Partners In this episode of 'Tycoons of Small Biz,' hosts Austin Peterson and Landon Mance delve into their extensive experience as small business owners and investors. They provide insights into what makes their consulting and wealth management firm, Backbone Planning Partners, unique. Highlighting their personal entrepreneurial journeys and exte...

In this episode of 'Tycoons of Small Biz,' hosts Austin Peterson and Landon Mance discuss the importance of small businesses, particularly in Arizona and Nevada, and the entrepreneurial environment in these states. They dive into the growth of small businesses, highlighting the significant increase in new business applications and the underrepresentation of successful small businesses. They also e...

Join hosts Austin Peterson and Landon Mance on the Tycoons of Small Biz podcast as they delve into the essential strategies for small business owners to achieve financial independence and integrate their business into their financial plans. With their combined 40 years of experience in financial planning, they discuss the complexities of valuing a business, strategic planning for growth, and the c...

In this episode of 'Tycoons of Small Biz,' hosts Austin Peterson and Landon Mance explore the essential practice of personal financial planning for small business owners. They reveal the alarming statistic that about 80% of small to medium-sized businesses never sell, highlighting the necessity of robust financial planning beyond business reliance. The discussion covers vital areas such as investm...

In this episode of 'Tycoons of Small Biz,' hosts Austin Peterson and Landon Mance discuss the importance of building a strong professional network as a pivotal asset for small business owners. They reflect on personal experiences, such as Austin's MBA journey, emphasizing the ongoing advantages of nurturing relationships with diverse professionals. They highlight how networks can offer valuable re...

🌱 Unlocking Growth Through Others 🌱 🚀 In this week’s episode, we dive deep into the power of community and collaboration to drive personal and professional development. 🎙️ Join us as we explore: - Insights on leveraging the strengths of those around you. - Stories of individuals who have achieved remarkable growth through collective effort. - Practical tips to foster a growth-oriented community...

In this episode of Tycoons of Small Biz, hosts Austin Peterson and Landon Mance delve into the importance of strategic planning for small businesses. They discuss how regular, structured meetings can help align a team towards long-term goals and break them down into achievable, short-term targets. They explore a case study of a company, referred to as SMB Co, that successfully implemented strategi...

In this episode of 'Tycoons of Small Biz,' hosts Austin Peterson and Landon Mance share invaluable insights into delegation and business optimization, emphasizing the 'Who Not How' philosophy. They discuss practical steps for entrusting duties within a small business, the importance of identifying the right people for specific roles, and the benefits of hiring fractional employees. The episode als...

Gain valuable insights from seasoned entrepreneurs, Austin and Landon, on how to enhance the value of your business for potential buyers. Learn from their experiences and successes as they share strategies to maximize the worth of your company and prepare it for a successful transition to new ownership. Don't miss out on this opportunity to equip yourself with the knowledge needed to attract inves...

Are you exhausted by the constant "growth first" mentality? We all operate under a false assumption to "grow at all costs" but for most businesses slow and steady is the way to go. Austin and Landon share their thoughts and opinions on business growth.

Working with family can require some careful planning and negotiating. Austin and Landon share some of their thoughts and experiences maintaining those relationships.

Austin and Landon share about their journey and experience of family business and how being in business with family can help or hurt your relationships and your business.

How can you maintain your sanity while also trying to maintain a successful and growing business? Entrepreneurship can introduce a lot of stress and sleepless nights that can directly impact your mental health and your ability to thrive. Join Austin and Landon as they share how they maintain their mental health while running their small businesses over the years.