I'm Rich, Now What?

← I'm Rich, Now What?19 jun · 1 u 03 min

If You Don't Have These 7 People, You Don't Have a Real Business

If You Don't Have These 7 People, You Don't Have a Real Business19 jun1 u 03 min

<p>You can have a great business and still be the bottleneck, the liability, and the target all at once. Tim and Mark break down the 7 people you need on the business side of your life: the ones keeping your books tight, your taxes low, your assets protected, and your deals moving. </p><p></p><p>Last week was the personal side. This week Tim and Mark get into the seven people you need running your business — the ones who keep money from slipping through the cracks, protect what you've built, and open doors you didn't even know existed.</p><p>This is the stuff that separates a real business from a job disguised as one. If the people you're taking advice from don't have these people on their team, that's your answer right there.</p><p></p><p><b>In this episode:</b></p><ul><li>Controller vs. CFO — why you need financial oversight that goes way beyond what's in the bank account (and how Mark's controller tracked down a $29,000 check he'd completely forgotten about)</li><li>The case for an in-house attorney: Tim's lawyer found a single word in a Fannie Mae loan doc and knocked $1.8 million off a prepayment penalty — more than 12 years of salary in one deal</li><li>Tax advisors vs. CPAs — why your CPA is technically working for the government, not you, and what it actually costs you not to have a real tax strategist in your corner</li><li>Insurance: the story of Tim's apartment building that burned to the ground and a policy that capped out at $10,000 when it should have paid out $3 million</li><li>Private banker — the most underrated relationship on this list and why Mark and Tim both swear by it</li><li>Social media, marketing, and PR: why Tim closed a $500K investment from someone he'd never spoken to, just because they'd been watching him online for eight years</li><li>Real estate connections — how Tim's mortgage guy helped him turn a $30M exit into a potential $38M one with a single phone call</li></ul><p></p><p>If you got something out of this episode, subscribe so you don't miss the next one and drop a comment below. We love hearing from you! Follow Tim at @timbratz and Mark at @markevansdm for more. See you next week.</p><p></p><p>0:00 Intro</p><p>1:57 Controller/CFO</p><p>13:25 Attorney</p><p>25:39 Tax Advisor</p><p>36:15 Insurance Agent</p><p>48:09 Private Banker</p><p>48:18 Marketing/PR Person</p><p>55:32 Real Estate Expert</p><p><br /></p>