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Financially Simple Bizcast

The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

Mar 23, 2020

In episode 241 of Financially Simple, Justin talks to Biren Patel, owner of Biren Patel Engineering, about running a business with a remote workforce.

With the outbreak of the COVID-19 virus, many businesses have shifted to a remote work-from-home setup for their employees in order to reduce the spread of the virus. Justin and Biren discuss setting up a business with a remote workforce, the pros and cons of the system, and important things to consider as a business owner when using this work model.

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01:24 - Ask Justin featuring Biren Patel: How to Run a Business with a Remote Workforce

02:56 - The How & Why of Having a Remote Workforce

04:35 - The Remote Work Experience

06:21 - Tips to Separate Work from Home Life

08:51 - Does a Work-From-Home System Help Attract and Retain Employees

11:54 - Best Practices for Businesses and Employees

16:32 - Are Different Performance Metrics Required

17:57 - Remote Communications

21:14 - Insurance

22:29 - The Importance of Having a Great Team

23:41 - One Piece of Advice

26:02 - Wrap Up




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Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9.

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Biren Patel Engineering




Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.