Beyond Genetics: How Environment Shapes Our Well-being
Family Business With Purdeep Sangha
by Purdeep Sangha
9M ago
? Key Takeaways from Dr. Binta Jalloh on Creating a Healthy Environment for Overall Well-being ? 1️⃣ The Power of Epigenetics: Understanding that our environment, mental aspects, diet, and experiences have a direct impact on our genetics is essential. Epigenetics plays a significant role in shaping our health and lives. 2️⃣ The Impact of the In Utero Environment: The experiences, emotions, physical activities, and even the type of music listened to during pregnancy can influence the baby's genes and potentially shape their future health. There's a blueprint for their genetic expression. 3 ..read more
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"Confronting Negative Behaviors in Business and Relationships"
Family Business With Purdeep Sangha
by Purdeep Sangha
10M ago
  Welcome to another episode of "Family Business with Purdeep Sangha"! In today's episode, Purdeep Sangha is joined by special guest Parmjit Singh to dive deep into the topic of dysfunction and its impact on relationships, both personal and professional. Paramjit kicks off the conversation by highlighting the importance of self-awareness in relationships. He explains how individuals lacking self-awareness can engage in gaslighting behavior, which challenges the value systems of others. This can lead to significant conflicts in both family and business environments. One common theme disc ..read more
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Navigating Taxes Across Borders: Insights From a Global Tax Advisor
Family Business With Purdeep Sangha
by Purdeep Sangha
11M ago
 In this episode of the "Family Business with Purdeep Sangha" podcast, the host speaks with guest David Lesperance, an international tax planning lawyer. The discussion focuses on advice for successful business owners or families looking to invest or park their money in another country and possibly move there part or full time. The two discuss the importance of understanding and navigating different jurisdictions to be tax efficient and protect family wealth. They touch on popular destinations for families seeking favorable tax regimes, such as Italy, the UK, and other European jurisdict ..read more
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Accessing Tax-Efficient Capital: Using Whole Life Policies as Liquid Assets
Family Business With Purdeep Sangha
by Purdeep Sangha
11M ago
  Topics covered in the podcast episode summarized with bullet points are as follows: - Accountants are exploring insurance licensing for revenue opportunities. - There are challenges for accountants in getting into wealth management from a regulatory perspective. - Revenue opportunities in insurance are attracting many people. - The tax expert in insurance policies is a question that raises. - Speaker's company acts as a "quarterback" in business transition processes. - A client's story is shared to demonstrate the importance of a quarterback. - Different types of insurance are discusse ..read more
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"The Four Pillars of Tax Advice: A Comprehensive Solution for Business Owners"
Family Business With Purdeep Sangha
by Purdeep Sangha
1y ago
Here are the topics covered in this episode along with bullets: 1. Problems with Traditional Accounting Firms - Accountants are often seen as technicians having an entrepreneurial seizure - Billing by the hour and compliance focus - Business owners not receiving the service they deserved from their CPA firm 2. Introducing the Account Success Formula - Subscription-based model with unlimited access to the accountant - Four Planning Pillars to understand clients' business plan, wealth plan, retirement plan, and estate plan - Tax advice designed based on client's Four Planning Pillars - Both cl ..read more
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Postnups: The Tool for Achieving Financial Goals in Marriage
Family Business With Purdeep Sangha
by Purdeep Sangha
1y ago
 Key takeaways: - Pensions are assets in family law and can have significant value - Postnups can be signed after marriage, and are helpful in reaching financial goals - Couples should aim to find a goal-oriented solution beneficial to both parties - Financial resentment is common and affects children, taking into consideration their perspective and equal lifestyles - Trust circles can rebuild trust in a relationship - Many men work hard for their families, which can often impact their business or professional life - Marriage contracts are crucial for business owners and profession ..read more
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Understanding Private Equity - Different Investment Strategies and Time Horizons
Family Business With Purdeep Sangha
by Purdeep Sangha
1y ago
Here are the bullet points on the topics covered in the podcast episode:  - Private equity firms typically seek deals with small to medium enterprises in industrial infrastructure services. - The most traditional way to access deals in these areas is through brokers and smaller investment banks. - Partnerships with owner operators have been successful for private equity firms and have resulted in warm referrals. - Warm referrals from current business partners or owner operators who have exited businesses with the private equity firm are the most powerful way to get introductions. - Cold ..read more
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Stepping Out of Your Father's Shadow
Family Business With Purdeep Sangha
by Purdeep Sangha
1y ago
Do you feel like you are living in your dad's shadow? Like you can't step away from it. Like everywhere you go, you feel like you need to live up to his standards. Well, if that's the way you feel, you're not alone because this is something that the majority of men face. I included have felt this challenge and my dad's not even around, he passed away, but I still have this internal desire to make him proud. So if you are facing this, it's important that you tackle this right away because you can spend your entire life living in your father's shadow without full acknowledgement of your own i ..read more
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Family Strategy: The Key to Business Success
Family Business With Purdeep Sangha
by Purdeep Sangha
1y ago
The biggest challenges that many people in family businesses have is they're trying to figure out what actually comes first. What actually is more important? Is it the family strategy? So the strategy of the family and what the family wants or is it the business strategy? Where the business is going in the longevity of the business? And interestingly enough, what ends up happening for most families is that they focus on the business strategy rather than the family strategy and it bites them in the butt. So naturally, what I'm going to say is that focusing on family strategy first is going ..read more
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Avoiding Disputes in Estate Mediations
Family Business With Purdeep Sangha
by Purdeep Sangha
1y ago
Well, I'm excited because we have a cool guest here today, Phil Kriszenfeld, fellow colleague. We do some similar work, but he's an expert in his area. I'm just going to kind of give my perspective here, Phil. You're an expert when it comes to, let's just say the word, S-H-I-T hits the fan for families and family businesses. You're in there doing the mediation, but you're also doing something cool here as well. You're doing work in the estate, in the executor area. That's something that you started doing not too long ago, but it seems like it's a pretty hot topic and it's of, you could say, s ..read more
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