Join host Nana Bonsu as he discusses the goal of achieving personal freedom and financial independence for business owners. This week’s episode of Build Value By Choice aims to energize/re-energize business owners to think long-term, at least 5 years out. Find out what you should be working towards, and how hard you need to work, if you have the dream to be financially free and independent.
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Business owners have a choice to think short-term revenue growth or long-term value building. They have a choice to be enslaved by your business or be freed to pursue other passions and interests. They don’t have to take up all your free time and effort. In fact, you can do the opposite, build enormous value while working less.
In the US, social security might not be able to keep up with inflation and could go bankrupt by 2034 unless something major happens with the budget.
The freedom number is how much money you will need to live the rest of your life in the manner you want. When your business is worth enough that you can sell it or cash out and have enough left to live the rest of your life comfortably and without financial worry, that is when you’ve achieved financial freedom.
‘For a lot business owners, financial independence is a validation of what they’ve done’
‘Achieving financial independence amplifies your ability to make an impact on society’
ABOUT THE HOST
“I am an entrepreneur and ex-Corporate Executive who’s applying his experience and knowledge from working in various to pursue my passion of helping small business owners increase their choices in life by leveraging my knowledge and experience, their employees, systems and money. I help small business owners transform their business and increase value through action-oriented education and implementation of strategies and tactics to make their business sellable even if they are not planning on selling. Known for establishing an environment for personal growth and development. My multicultural background equips me with the intuitive understanding of different cultures and how they impact business owners.”
Instagram – @nbonsu1
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