Entrepreneur Aligned Podcast

Entrepreneurs invest their lives in building and nurturing businesses, channeling passion and energy into their success. Amidst the hustle, one critical aspect often overlooked is business continuity planning. Addressing the uncomfortable question, "What happens if something happens to me?" is vital to safeguard both your business and your loved ones. In this episode of the Entrepreneur Aligned Po...

Money – a topic that often lingers in the background, whispered about in hushed tones, or avoided altogether. However, the benefits of normalizing money conversations within our households far outweigh the discomfort that may initially arise. In this episode of the Entrepreneur Aligned Podcast, we'll explore the importance of breaking the silence around money and provide tips on how to foster open...

In today's dynamic world, particularly for entrepreneurs, the pursuit of financial success often feels like an ongoing marathon with a perpetually shifting finish line. As we navigate the complexities of personal finance, the critical question arises: What is "enough"? How can we escape the trap of perpetually chasing a goalpost that seems to elude our grasp?   In this episode of the Entrepreneur...

In the realm of closely held businesses, the transition of wealth across generations is a pivotal consideration, especially given the impending changes set by the Tax Cuts and Jobs Act (TCJA) at the end of 2025. In this week's episode, Jarrod explores the complexities and strategies associated with generational wealth transfer, including estate taxes, gift exemptions, and key tools such as ILIT an...

As business owners, it is essential to skillfully navigate the intricate terrain of tax planning to optimize financial efficiency and minimize liabilities. Over the past few months, we've received several pertinent tax questions from business owners seeking to optimize their tax strategies. In this episode, we delve into two key inquiries and explore actionable solutions. ABOUT JARROD   Jarrod was...

As we approach the expiration of key provisions of the Tax Cuts and Jobs Act (TCJA) in 2024 and 2025, business owners face a unique opportunity for strategic tax planning. The TCJA, enacted in 2017, introduced significant changes to the tax code, and many of these provisions are set to sunset at the end of 2025. In this episode, we will explore five key planning opportunities for business owners t...

In this episode, we delve into the fascinating world of Bitcoin ETFs (Exchange-Traded Funds) and unpack what investors need to know about this innovative investment vehicle. With the increasing popularity of cryptocurrencies, particularly Bitcoin, ETFs offer a convenient and regulated way for investors to gain exposure to digital assets without directly owning them. In this episode Jarrod provides...

As an entrepreneur, you've embraced the courage to invest in yourself, positioning your business at the core of your time, wealth, and well-being. Acknowledging that equity encompasses more than financial investments, this financial pillar is committed to refining and maximizing these vital assets. In this week's episode, our goal is to ensure that your entrepreneurial pursuits are not only financ...

Legacy goes beyond wealth—it includes values, aspirations, and the impact on future generations. Engaging in intentional conversations with heirs is a powerful way to shape and preserve this legacy. In this week's episode, we explore the transformative journey of discussing intentions and legacy plans, fostering understanding, and imparting valuable lessons. ABOUT JARROD Jarrod was born into finan...

In the pursuit of true freedom, both financial and personal, individuals often find themselves navigating a complex landscape. The quest for freedom is multifaceted, touching upon clarity, wealth growth, risk management, equity optimization, and the maximization of life's experiences. In this week's episode, we explore how the five pillars of the Personal Wealth Operating System serve as the found...

Entrepreneurship is a thrilling journey marked by innovation and independence, but it also comes with the challenge of managing variable income. Unlike the predictability of a fixed salary, entrepreneurs often face fluctuations in their earnings. In this week's episode, we'll explore four key tips to help entrepreneurs effectively navigate the ups and downs of personal financial variable income. A...

Financial success requires a clear roadmap and a commitment to setting and achieving meaningful goals. In this week's episode, we'll explore the significance of setting financial goals, the steps to define them effectively, and strategies to ensure their successful attainment. ABOUT JARROD Jarrod was born into financial planning and solving financial problems. With his financial advisor father Ste...

In the world of entrepreneurship and business ownership, it's easy to blur the lines between your business's financial success and your personal wealth. Many small business owners and entrepreneurs pour their hearts, souls, and resources into their companies, hoping for financial success. While it's a commendable endeavor, it's crucial to distinguish between business wealth and personal wealth. Wh...

The year 2023 has indeed presented a unique set of challenges for business owners. It has required adaptability as they navigate political uncertainties regarding U.S. tax policies. Additionally, business owners have had to grapple with macroeconomic factors such as heightened inflation, rising interest rates, concerns about a potential recession, and complex geopolitical issues. The proposed tax...

In the hustle and bustle of our daily lives, there are moments that slip through our fingers like grains of sand. One such moment, often overlooked, is the golden opportunity for intergenerational vacations—a moment when our children are still young, full of wonder, and our parents are in good health and eager to explore. It is during this limited time that we can embark on transformative adventur...

As a business owner, the path to building wealth is often marked by unique challenges and opportunities. While there is no one-size-fits-all formula for success, there are several key strategies that can significantly enhance your wealth-building journey. In this week's episode, Jarrod discusses six essential strategies that can help you not only create a thriving business but also accumulate weal...

In the pursuit of financial success, our focus often gravitates toward future goals and grand visions. While having clear financial objectives is undoubtedly important, it's equally crucial to align your finances with your core values. In today's episode of the Entrepreneur Aligned Podcast, Jarrod explores some ways to think about this as you explore your short-term and long-term planning needs.  ...

What do we mean when we talk about risk management? As entrepreneurs, our job is to make sure that our businesses and personal lives have no singular failure points. Some of the biggest risks we face are around the two broad terms of "business continuity" and "liability risk".   In this week's episode of the Entrepreneur Aligned Podcast, Jarrod discusses these two types of risk, the impact they ca...

What happens when your business is not performing financially as well as you thought it would? What happens when that underperformance means that some of your family priorities are not met? When these things happen, you can either increase the amount of owner benefit being withdrawn, take on debt or sell some or all of the equity in the business. In this week's episode of the Entrepreneur Aligned...

In today's episode of the Entrepreneur Aligned Podcast, I walk you through the three-step decision making process we here at Entrepreneur Aligned take clients through when they are purchasing their second homes for vacationing. This process works well for any vacation or seasonal-use property, but there are certain steps, locations and seasonal elements that are specific to mountain town ski prope...

Entrepreneurs have demands on their capital and reserve requirements that most others do not. Thinking about these in concert with personal needs and requirements requires a different approach.   In this week's episode of the Entrepreneur Aligned Podcast, Jarrod segments capital reserve requirements into the following categories. He goes over why each piece of capital is being held in reserve and...

As an entrepreneur, the tax decisions you make can be broad and long term. When done correctly, tax planning is something that is incorporated into your business management cadence throughout the entire year. In today's episode of the Entrepreneur Aligned Podcast, let's talk about the key differences between tax compliance and tax planning and the wealth of possibility that can come from having ri...

How do you close gaps that exist when partners need different things from the business? If you haven't listened to our last episode of Part I, go back and listen for an overview of our first three phases of business owner equity planning with multiple partners. In today's episode of 3-Minute Success, we are going to finish Part II of this series and go into Phase 4.   Phase 4 is about integrating...

Seeing business exits fail is one of the reasons we created Entrepreneur Aligned. One of the areas where we have seen failure points is when there are multiple owners of a business and their needs from that business are not in sync. At Entrepreneur Aligned, we have a process to uncover needs, get clear individually, and create a strategy that works for each partner. We call this our Partner Aligne...

We often get asked what the difference is between retirement planning and business owner planning when it comes to personal finance. The answer is focus. For most non-business owners the focus of financial planning is retiring successfully while hitting the major financial milestones of life between today and the day you retire. For business owners, the focus is on meeting all the needs, wants, an...