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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 30, 2020

In episode 245 of Financially Simple, Justin talks to Jon and Wesley, The Dental Guys, about closing down a dental business while taking care of their teams.

The current COVID-19 crisis is forcing the hand of many businesses, both small and large, to close and lay-off staff, or where possible pivot into other areas. Justin, Jon, and Wesley discuss how the pandemic has affected their dental practices, and how they have managed the closures and supported their teams.

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TIME INDEX:

01:08 - Ask Justin featuring The Dental Guys: Handling the COVID-19 Crisis

03:11 - Decisions Made Due to the Virus

09:27 - Telling the Team

12:30 - Closing Down: The Thinker Approach

18:06 - The Feeler Approach

22:32 - Starting Back Up

29:35 - Retaining Laid-Off Team Members

36:35 - Jon’s One Piece of Advice

41:47 - Wesley’s Advice

45:47 - Wrap Up

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RESOURCES:

Financially Simple Educational Website

Financially Simple on YouTube

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

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NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

The Dental Guys Podcast

Jonathan Rogers, Rogers Family Dental

Wesley Mullins, My Family Dentistry

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BIO:

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.