Feb 17, 2020
In episode 228 of Financially Simple, Justin answers a listener’s question on inheriting a Family Business.
Jack has taken over his late father’s business, and asks for guidance on whether he should continue with the business and grow it further or sell it. Justin gives advice based on his own experiences as a business owner and a financial advisor to other business owners.
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01:13 - Ask Justin: I’ve Inherited a Family Business, Should I Sell It or Grow It?
03:47 - A Few Things To Consider
07:09 - Owning A Business In The Real World
10:25 - The Responsibility
14:54 - Personal Choices
17:35 - Summary
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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.