Prosperity Report

The Prosperity Report - A Leader in Trucking: from Founding to Exit, with Guest Dan Ugalde

How to Grow & When to Exit: 40 Years of Construction Industry Wisdom with Dan Ugalde. What does it take to weather four decades of growth and regulation in the highly competitive market of supplying equipment to construction sites? To find out, Mark interviews Dan Ugalde, a long-time Board Member of the Southern California Contractors Association. Dan grew a highly successful trucking company that supplied earthmoving trucks to construction sites throughout SoCal. After a long and productive career, Dan took an interesting approach when exiting his company: he chose to liquidate rather than sell. Through that process, he made sure his key employees were well taken care of, helping many of them retire or find places within the industry. A master at forming long-term relationships, Dan is also very active in helping the industry fight harmful legislation, having also served on the SCCA Legislative Committee. * Listen in as Dan shares his thoughts with host Mark Chandik on: * Business And Regulatory Changes In Your Industry Over The Years * The Effect Of California Compliance Regulations On Independent Truck Owners * How Did You Decide On The Exit Strategy For Your Company * What Length Of Time Did It Take To Wind Down Your Business * Fostering Long-Term Relations * Advice On Navigating The Highs And Lows Of The Industry * Managing Your Cash Flow * Hiring Employees For The Long Term * How Important Is Family Support * How Important Is Your Work With Charities * Using Professional Consultants Free Exit Preparedness Assessment In just 5 minutes our 18-point evaluation helps you assess your future readiness to exit, sell or transfer your company. Find it here: https://fdpwm.com/site/our-clients/exit-strategies/ [https://fdpwm.com/site/our-clients/exit-strategies/] About the FDP Prosperity Report Prosperity is more than a number. It's the power to shape what is possible for you, your family and your heirs. On the Prosperity Report you can learn ideas for building wealth, safeguarding it, and translating it into true prosperity with insights from actual business owners and financial professionals. GET THE BOOK For a free copy of Mark Chandik's book "10 Financial Strategies for the Smart Investor" visit www.fdpwm.com [https://airtable.com/appRZqZcZ8aZusIrq/tblrIsdq8C2kfgWHV/www.fdpwm.com]

The Prosperity Report - A Look at Exit Strategies for the Business Owner with Guest Ben Julianel

Exit Strategies for the Business Owner with Guest Ben Julianel Today we're looking at exit strategies for business owners. Your business is not simply what you do with your time and talent, it's a sizable asset. We're going to help you think about what's next for both your business and yourself, even if you never plan on retiring. A successful exit or transfer of a business has 4 stages: 1. First, assemble your team of professionals to help with the process 2. Evaluate and improve your financials 3. Consider types of buyers - insiders, third parties, or employee ownership 4. Structuring the deal - how and when the transfer of value takes place Free Exit Preparedness Assessment In just 5 minutes our 18-point evaluation helps you assess your future readiness to exit, sell or transfer your company. Find it here: https://fdpwm.com/site/our-clients/exit-strategies/ [https://fdpwm.com/site/our-clients/exit-strategies/] About the FDP Prosperity Report Prosperity is more than a number. It's the power to shape what is possible for you, your family and your heirs. On the Prosperity Report you can learn ideas for building wealth, safeguarding it, and translating it into true prosperity with insights from actual business owners and financial professionals. GET THE BOOK For a free copy of Mark Chandik's book "10 Financial Strategies for the Smart Investor" visit our website [https://fdpwm.com/youtube] NOTE: This information is provided as a financial planning tool/solution to business owners and is designed to offer valuable education and insight to the myriad decisions that should be considered when planning to exit a closely held business. FDP does not participate in the actual sale of private businesses.

The Prosperity Report - Where is Real Estate Headed?

Real Estate - Does it Make you Confident or Nervous? Your own sentiment may vary depending on what type of real estate investment you hold, when you bought it, and what the market is doing. We'll talk about both residential and commercial, what makes the Southern California market different, what's happening with inventory, and some insights on real estate deals that most people aren't even aware of. To help bring some sense to all this, today we have two guests: Suzi Dailey is the founder of DaileybytheSea, a Coastal boutique Luxury real estate firm with over $1B in sales. She has served high-profile clientele from all over the world, including Brazil, China, Dubai, England, India, and Sweden. You'll see her quoted in magazines such as Oprah, Women's Day, and Reader's Digest. Andrew Morrow has a 20-year track record of helping business owners and tenants rent and acquire real estate assets. He is currently Executive Managing Director at Cushman and Wakefield where he specializes in corporate tenants that have supply chain and operations across Southern CA and the Western United States. Listen in as we explore: * Should SoCal homebuyers wait to buy? * How interest rates affect commercial real estate * Minimizing surprises when buying residential real estate * What does the next 12 months in commercial real estate look like? * What will the next 12 months in the SoCal real estate market look like?

The Prosperity Report - When are Annuities a Good Choice? - with guest Zach Hurst, CFP

When are annuities an appropriate choice? In this episode we explore annuities – a financial product you've likely heard of. But what are annuities exactly? What purpose do they serve, when is an annuity a good choice for including in your financial plans, and what are the downsides? Our guest Zach Hurst, CFP, CLU, will help us take a look at all the angles so you can have a knowledgeable opinion instead of a knee-jerk reaction when you hear this much-talked-about term. Zach is Director of Financial Planning for Valmark Financial Group in Akron Ohio, where he's responsible for the design, marketing and implementation of Valmark's unique financial planning processes, including asset accumulation, retirement income distribution, and legacy planning. Listen in as we explore: * What is an Annuity? * Are Annuities Right for Everyone? * What Would You Say To an Advisor Who Doesn't 'Believe' in Annuities? * Downsides of Buying an Annuity. * Why Do Some People Tune-Out When They Hear Annuity? * Who Are Good Candidates for an Annuity? * How Can an Annuity Compliment Your Financial Plan? About the FDP Prosperity Report Prosperity is more than a number. It's the power to shape what is possible for you, your family and your heirs. On the Prosperity Report you can learn ideas for building wealth, safeguarding it, and translating it into true prosperity with insights from actual business owners and financial professionals. GET THE BOOK For a free copy of Mark Chandik's book "10 Financial Strategies for the Smart Investor" visit our website [https://fdpwm.com/youtube]

The Prosperity Report - Benefits of an ESOP in the Construction Industry with guest Michael Hardin

When is transferring ownership of your construction business to an ESOP a good option? Guest Michael Harden, CPA, CFA, Senior Managing Director of Ambrose Advisors discusses this and other factors to consider when deciding if/when to sell to an ESOP. Michael leads Ambrose's Investment Banking division. Since 1993, he has had experience in practicing and completing accounting, mergers, acquisitions, financings, ESOP buyouts and valuations. He is a specialist in ESOP buyouts and therefore has experience in wide array of industries, including energy, technology, government contracting, breweries, manufacturing, distribution, business services and construction. Listen in as we explore: * How Does Selling a Company to an ESOP Compare to a Conventional Sale? * Selling A Company To An ESOP * Is An ESOP Beneficial For A Departing Partner? * Is There Cash At Closing For An ESOP? * What Information Is Required To Be Shared In An ESOP? * How Do You Choose An ESOP Trustee? * What Percentage of a Company Can be Sold in an ESOP? About the FDP Prosperity Report Prosperity is more than a number. It's the power to shape what is possible for you, your family and your heirs. On the Prosperity Report you can learn ideas for building wealth, safeguarding it, and translating it into true prosperity with insights from actual business owners and financial professionals. GET THE BOOK For a free copy of Mark Chandik's book "10 Financial Strategies for the Smart Investor" visit our website [https://fdpwm.com/youtube]