What Every Entrepreneur Must Know About Taking Risk in Their Business - Ep. # 9
The Small Business Millionaire
by Jeff Wiener
2y ago
In order for you, the entrepreneur, to expand your business, you need to get comfortable with taking risks, but, taking risks isn’t about making ad hoc decisions, it’s about educating yourself, mitigating the downside, making a decision to proceed or not, and then, executing as flawlessly as possible. Taking risks is at the heart of building a thriving business, and in creating wealth.  These risks taken in business, not just in running your business, but, in your investments as well, will dictate how successful you ultimately become. So how do you know when and how to take risk? In t ..read more
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The Entrepreneur’s Secret to How to Become Wealthy and Build a Personal Fortune - Ep. # 12
The Small Business Millionaire
by Jeff Wiener
2y ago
You can use your business at the core of your wealth-building strategy, but, there’s an art to developing real wealth outside the day-to-day operations of your business. The risk of relying solely on your business, and not investing outside of your business to generate your wealth is that should something happen to your business, or should it become impacted by a black-swan event like a pandemic, for example, then you’re potentially left with nothing.  Imagine spending years building a successful business, and reinvesting all of your profits, year after year, back into your business, only ..read more
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Moving Offshore and Saving Taxes - Interview Andrew Henderson, Nomad Capitalist - Ep. # 10
The Small Business Millionaire
by Jeff Wiener
2y ago
I’m a proud Canadian. I enjoy living in the country and all that it has to offer including the education system, the infrastructure, the healthcare (more or less), and most importantly, my freedom. Freedom of speech, of association, and my right to vote. I’m now in the later stages of my career though, so the thought of leaving Canada isn’t really an option for me, but, if I were a younger entrepreneur considering where I want to live and start a company, there would be many considerations, one of which would be the tax rate, and how tax and business-friendly the nation was to their entreprene ..read more
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The Peter Principle: Why Your Business Isn't Growing, and What You Can Do About It - Ep. #8
The Small Business Millionaire
by Jeff Wiener
2y ago
Every business and every person eventually reaches a ceiling. They grow just so far, and beyond that point, they need to pivot to reach the next level. It’s often difficult to tell when you’ve reached your ceiling. It’s not like there’s a little birdie up there telling you what to do next. Nor do you have your life plan written in a book that you can just flip to the next chapter. You need to be self-reflective enough to notice when it’s happening. Sometimes, something happens to make you realize it’s time for a change. In this podcast, I relate a personal story of what happened to me a numbe ..read more
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Introduction: The Small Business Millionaire | Ep #1
The Small Business Millionaire
by Jeff
2y ago
Are you a small business owner looking to expand your business, improve profits, and ultimately, create wealth? My name is Jeff Wiener, and I'm a life-long serial entrepreneur. I ran a profitable, cash-flow positive business for 288 months in a row.  At 49, I stepped down as President of the company, semi-retiring, so I can spend time mentoring entrepreneurs. In this podcast introduction, I review my background and the three key pillars that I will discuss through the various podcast episodes - improving revenues, profits, and ultimately, creating wealth. So join me as we embark on the jo ..read more
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How Do You Know When It's Time to Sell Your Business? 5 Points of Consideration | Ep #4
The Small Business Millionaire
by Jeff Wiener
3y ago
Why did you start your business? If you started it because you are passionate about the industry you’re in or that you’re excited by the prospect of running and growing a business, that’s enough of a “why” to keep you going past the early business-year struggles. If, on the other hand, you decided to start a business because you’re looking to become rich, or for a quick mega million business sale, and that’s your sole motivating factor, then it might be a difficult road ahead. It is important to remember that before you decide to sell your company, you need to think carefully about “why.” S ..read more
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How Do You Grow Your Business? Interview with Andrew Henderson, Part 2 - Ep. #11
The Small Business Millionaire
by Jeff Wiener
3y ago
In last week’s podcast, I interviewed Andrew Henderson from The Nomad Capitalist.  At the end of the interview, Andrew and I got to speak about business in general, and some of the challenges of growing a business. We discussed managing bureaucracy, managing people, creating a vision, The Peter Principle, building and managing a team of people, and conducting one on one meetings.  The snippet of conversation I extracted is short, but, is packed with amazing small business nuggets you can use in growing and managing your small business. Hope you enjoy  ..read more
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How to Become a Decamillionaire, Grow your Net Worth to $10 Million, and Join the 1% Club - Ep #5
The Small Business Millionaire
by Jeff Wiener
3y ago
Many people want to climb the wealth ladder and make it to $10 million or more in wealth (the same as a decamillionaire).  Most people ARE NOT willing to take the risks required in order to get there. You see, the psychological emotion of fear of failure exceeds most people’s motivation to succeed, and consequently, most people don’t take the necessary risks required in order to become truly rich.  In this podcast, I review the 4 steps required in order to have a net worth of $10 million or more in wealth, and the things you need to do: 1.  Get comfortable with taking risks 2 ..read more
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The Entrepreneur's Asset Allocation Strategy - Three Simple Steps to Create Massive Wealth With Your Business's Profits | Ep #2
The Small Business Millionaire
by Jeff Wiener
3y ago
Are you an entrepreneur so busy with the needs of your business that you haven’t had time to think about a proper asset allocation strategy? Does worrying about what to do with your business profits keep you up at night? Do you wish there was an easy strategy to building massive wealth with your small business? What you need is a proven quick business strategy for profit allocation. In this podcast, I will explore a time tested asset allocation strategy that will allow you to: Jumpstart your portfolio’s growth Save cash to pounce on opportunities as they arise Achieve compounded returns with ..read more
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2 Deadly Startup Mistakes Every Entrepreneur Should Beware Of - Ep #6
The Small Business Millionaire
by Jeff Wiener
3y ago
The small business startup mistakes I review in this podcast are two of the most common entrepreneurial mistakes that I see most entrepreneurs make when they open their business. And both, are potentially deadly to the small business. There's a reason that something like 80% of new businesses don't make it past their first five years in business, so, don't be one of those small business owners who make these two common mistakes. And I want to be clear about one thing, and for full disclosure purposes, I made these two mistakes when I started my business, and they almost cost me my business ..read more
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