Structuring a Risk-Free Business with Patrick Esposito

October 04, 2023

WealthAbility for CPAs #107 – The volatility of the economy, inflation, and the aftermath of the pandemic have affected our community of small business owners. How do we structure our own firm from the inside so it is impenetrable from outside factors? What are the internal foundations we need to build a risk-free business? In this episode, Patrick Esposito joins Tom in exploring how to internally structure our small business for success, sustainability, and longevity.

Order Tom’s new book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/

SHOW NOTES:
00:00 – Intro
04:20 – What 8 internal factors dictate sustainability of your business for a longer period of time?
06:47 – What does “governance” mean for the single owner / solopreneur?
11:30 – What are important categories business owners ignore most to their detriment?
16:00 – How do you choose the person(s) to be on your board?
18:30 – What are compensation options for your board, your team, etc?

Looking for more on Patrick Esposito?
Website: https://patrickesposito.com 
Book: “The Structure of Success”