Month: February 2021

Episode 58 – The Power of Setting Audacious Goals

Episode 58 – The Power of Setting Audacious Goals

Do you know what all successful people have in common? They set audacious goals and strongly commit to it.

In this episode, Tim Scannell explores the power of aiming towards the highest goal possible and talks about how audacious goals instill an incredible sense of perseverance and focus in you. He also shares several tips on developing a set of activities and intermediate goals that guide you along your journey!

You will learn:

  • How to overcome the common mindset that stops most people from setting audacious goals
  • How to avoid potential distractions and maintain unwavering determination
  • Why you should continuously re-evaluate your goals and improvise your plan
  • Our own audacious goals at Hightower Great Lakes for 2021
  • And more!

Tune in now to learn how you can discover what motivates you the most, and let it be your guiding light!

Resources: Hightower Great Lakes: (219) 246-5370 | Tim Scannell | Tscannell@hightoweradvisors.com | Tim Scannell’s Personal “Why” Story | Episode 41- An Entrepreneurial World — Part 1 with Guest Stewart McMillan | Episode 42 – An Entrepreneurial World — Part 2 with Guest Stewart McMillan | Boys Town

Episode 57 – Manage Your Cash Flow Effectively In Seven Simple Ways

Episode 57 – Manage Your Cash Flow Effectively In Seven Simple Ways

Wealth transfer, wealth protection, and wealth enhancement – all of these aspects have one important component in common –– cash flow!

In this episode, Tim Scannell discusses why managing cash flow is critical for your business in the long-term, especially for your exit strategy. Join him as he dives into seven key ways in which it can affect the value of your business.

You will learn:

  • How you can ensure a smooth transfer of ownership – internal or external
  • The importance of having various employee incentives in place
  • Ways in which stress testing can help you better evaluate your cash flow to minimize your risks
  • How your cash flow can vary significantly before and after your exit
  • And more!

Listen now to learn how you can effectively manage cash flow to get a better value for your business going forward!

Resources:

 Hightower Great Lakes: (219) 246-5370 |  Tim Scannell | Tscannell@hightoweradvisors.com | Episode 49 – Why a Valuation Analyst Is Critical for Planning – With Guest Greg Clark | Using Short-Term Key-Employee Incentives to Increase Sale Price