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Episode Info

Episode Info:

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.

Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!

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TIME INDEX:

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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RESOURCES:

Financially Simple Educational Website

Financially Simple on YouTube

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

Subscribe to the Financially Simple Newsletter

Ask Justin a Question

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

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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.

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