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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.

Jan 29, 2018

In episode 13 of Financially Simple, Justin takes a look at the ins and outs of Risk Assessment.

In business there are risks - the key to a successful business is knowing the specific risks to that industry and how to counter or absorb them. Justin talks about what risk is, the legal side of risk, how to identify it, and how to address it, giving a candid example of his own experience dealing with risk.

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TRANSCRIPTA Business Risk Assessment Today Can Boost Value Tomorrow – Post #13



00:41 - Listen to Your Good Angel - Don’t do it!

02:00 - A Cautionary Tale

04:18 - Risk Management

04:53 - What is Risk?

08:19 - The Legal Aspect

08:51 - Why does it matter?

09:55 - How to Identify Risk

10:39 - Where to start

13:43 - Risk Assessment

16:48 - Know the Law

20:05 - Risk Management is vital

For more in-depth reading about this podcast series, pick up a copy of Justin's new book: The Ultimate Sale



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Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.