Episode Summary
In this mini episode of the Free to Grow CFO podcast, Jon Blair discusses how DTC brands can build wealth without relying on a big exit. He outlines a simple three-step formula that includes optimizing cash flow with a CFO, investing in long-term rental properties, and working with a tax advisor to maximize tax benefits. This approach allows brand owners to create a stable income stream and build wealth over time, independent of the sale of their business.
Key Takeaways:
-Many brand founders mistakenly believe wealth comes from selling.
-Building wealth takes time but is achievable without selling.
-A good tax advisor is essential for maximizing benefits.
Episode Links
Jon Blair - https://www.linkedin.com/in/jonathon-albert-blair/
Free to Grow CFO - https://freetogrowcfo.com/
The Free to Grow CFO Podcast