A Small Business Sale: A Coach's Perspective

May 2, 2022

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David DeCelle is the President of Model FA, a community for financial advisors to come together to learn about sales, marketing, and business development from experts and other financial advisors. David and his team at Model FA are dedicated to empowering financial advisors by helping them build the practice that they envision. Before becoming President of Model FA, David was a financial advisor himself and served as the Director and Financial Advisor for Northwestern Mutual. David joins us today to share his perspective on me as a business owner and my businesses. He discusses the different reasons individuals hire business coaches and explains how having a 1-year vision could be more beneficial than having longer-term goals. He offers advice to entrepreneurs who are experiencing difficulties in life. He also describes his journey as a financial advisor and what he learned from it, as well as the importance of keeping an open mind.

“Regardless of someone’s age, revenue, or personal income—or how buttoned up their business is—if you can suppress your ego and have an open mind, you can learn anything from anyone.” - David DeCelle

This week on the Financially Simple Experience:

The Model FA company and the advantages of hiring business coaches as thinking partners
The reasons people hire business coaches
Why David recommends envisioning goals in a 12-month timeframe
David’s advice for business owners wrestling with difficult emotions
His observations on my biggest struggles as a business owner
Why business owners need to onboard their employees when transitioning their organizations
David’s journey as a financial advisor

Our Favorite Quotes:

“If we sit back every morning and write down the things we’ve been blessed with, we’ll never finish that list because we’re indeed blessed as humans.” - Justin Goodbread
“Every good business owner has an excellent team behind them.” - Justin Goodbread
“When you handle conflict directly and with grace, it can shake out for the better.” - David DeCelle

Connect with David DeCelle:

About The Financially Simple Podcast If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you’ve come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business, to prepping it for sale, to growing your personal wealth. Justin’s combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey.

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Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”).

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