In this episode, Chris Papin, Owner and Advisor at Papin CPA, joins us to share his expertise as a seasoned CPA, attorney and insurance producer. With a strong background in accounting and law, Chris offers invaluable advisory services to help businesses navigate complex financial and legal terrains, ensuring both growth and compliance. His innovative insights and client-centered approach make him a trusted guide for businesses aiming for a prosperous future.
In this episode, you will learn the following:
- The importance of intentionality in business decisions, particularly in strategic planning and financial management.
- Insights from Chris Papin on assisting small business owners with complex financial and legal challenges.
- Common pitfalls in business entity selection and the significance of choosing the right business structure.
- Real-life examples of the financial repercussions of business decisions, such as the purchase of a luxury pickup truck and the necessity of clear goal-setting and profitability adjustments.
- Balance between flexibility and sacrifice in business ownership.
- Value of maintaining sufficient capital reserves for unexpected disruptions.
- Lessons from sports coaching that can be applied to business management, including understanding boundaries, motivation and effective communication.
- Critical aspects of managing business decisions and their consequences, with a focus on professional guidance and intentionality.
- How to prioritize profit over revenue for achieving ultimate life and business success.
Links:
LinkedIn: https://www.linkedin.com/in/chrispapin/
Website: https://www.papincpa.com/
Watch the full episode on YouTube: https://www.youtube.com/@profitanswerman
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Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/
My podcast about living a richer more meaningful life: http://richersoul.com/
Music provided by Junan from Junan Podcast
Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.
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