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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.

Dec 21, 2020

In episode 322 of Financially Simple, Justin reflects on 2020 and considers the lessons learned over the course of the year.

The past year has been one for the books, with some much happening that it has left many of us with our heads spinning - so what have we learned? In this episode, Justin goes over eleven lessons that 2020 has taught us, and how we can use these experiences to be better prepared for 2021.

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00:49 - Business Lessons from 2020: Using What We’ve Learned to Take on 2021

03:22 - People Matter

05:01 - Trust is the Cornerstone of Business

06:54 - Be Authentic

08:43 - Operate from a Position of Gratitude

10:45 - Have a Disaster Plan

11:35 - Profitability per Department

12:17 - Cash Reserves are More Important than Cashflow

14:12 - Scalability

15:45 - Embrace Technology

17:26 - Never Stop Innovating

18:48 - This Too Shall Pass

21:24 - 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.