Apr 5, 2019
This episode comes from a recent Horizon Advisor Network coaching call with Pete Bush, who addresses the difference in whether your practice is a stock or a bond? Learn the characteristics of stocks and bonds as they apply to a business, how the estimated value of your business effects you whether you are buying selling, or in a holding pattern, and how you should be balancing your total revenue between labor and expenses.
Show Notes:
9:45--- How do stocks and bonds differ
3 Key Points:
Tweetable Quotes:
- We started off as actually thinking about our business in terms of an investment, versus a job or a career.” – Pete Bush
- “We certainly expect stocks to grow over time. We expect them to grow above and beyond any income they might produce.” – Pete Bush
- “Your compensation for labor, that’s your compensation as an advisor, should be about 40% of your total revenue.”
Resources Mentioned: