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How 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 Team
- Mike 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 Manage
- The core team should include, a board of directors, advisors, and ambassadors/influencers
- Self-reflection and judgment
- Honesty with themselves and others
- They should have the tenacity and be willing to challenge authority
[10:30] Delegation Is Key To Making Your Business More Valuable
- Business exit planning makes business more valuable
- Delegation is key in order to make life easier
- The business will never scale if it relies on one person
- Financials determine funding needs
[18:14] Closing Segment
- Brandon teaches listeners how to create an effective business plan and pay the least amount in taxes!
- Final Words
Key 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
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Connect with Brandon through his:
Website: Brandon C. White
LinkedIn: Brandon White
YouTube: Edge with Brandon White
Instagram: @brandoncwhite
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Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax
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Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale
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Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
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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
Small Business Tax Savings Podcast