Team, Funding, and Summary - Back of the Napkin to Business Plan in 11 Slides with Brandon White
Podcast: Small Business Tax Savings PodcastPublished On: Wed Jul 12 2023
Description: Send us a textHow can you create an effective business plan and pay the least amount in taxes possible? In this episode of the Small Business Tax Savings Podcast, Mike welcomes Brandon White and discusses the 11 slides needed for a successful back of the Napkin Business plan. They provide tips on crafting an elevator pitch to understand team funding needs and provide a summary slide. Owners stay organized and concise when creating their business plans. Brandon emphasizes how critical it is to have a strong team in order to scale your business and succeed. Market size, competitive landscape, financials, and more that are critical for small businesses.Tune in now and hear Brandon and learn how to create an effective business plan that will help you grow your business and pay the least amount in taxes as legally possible![00:56] What Are The Traits To Look For In Your Small Business TeamMike welcomes back his guest, Brandon White!Today’s topic is, “Team, Funding, and Summary”[03:56] How To Make Your Business More Valuable And Easier To ManageThe core team should include, a board of directors, advisors, and ambassadors/influencersSelf-reflection and judgmentHonesty with themselves and othersThey should have the tenacity and be willing to challenge authority[10:30] Delegation Is Key To Making Your Business More ValuableBusiness exit planning makes business more valuableDelegation is key in order to make life easierThe business will never scale if it relies on one personFinancials determine funding needs[18:14] Closing SegmentBrandon teaches listeners how to create an effective business plan and pay the least amount in taxes!Final WordsKey Quotes“I've learned that you actually want the board members to work for you. You don't want to just report to them, you actually then want them working for the company, and you are likely going to give them some form of compensation. So, figure out who those are.” – Brandon White______Connect with Brandon through his:Website: Brandon C. WhiteLinkedIn: Brandon WhiteYouTube: Edge with Brandon WhiteInstagram: @brandoncwhite______Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxIncSight Packages: https://incsight.net/pricing/Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com
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