Estate Planning Myths, Mistakes, and Nightmares with Jon Braddock | E335
The Construction Leading Edge Podcast
Release Date: 05/13/2024
The Construction Leading Edge Podcast
🚀Join our Live Meetup this coming 16th of October. Register ☎️Schedule your free business evaluation call with our team – EPISODE 398: Still struggling with chaos in your construction business? You’re not alone. A lot of construction business owners assume that chaos comes from rapid business growth, but that’s a myth and that’s what keeps you stuck. In this episode of The Construction Leading Edge Podcast, I sit down with Brady Fry, the owner of Fry Classic Construction, who shares valuable insights on managing a construction business with efficiency and clarity. Today,...
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🚀Is Your Construction Business Ready to Scale? Take the free online assessment ☎️Schedule your free business evaluation call with our team – EPISODE 395: Most construction business owners believe that success is all about “getting it”. Getting that big contract. Hitting that revenue goal. But chasing milestones can feel exhausting and overwhelming. Around 70% of construction businesses shut down within five years. What’s even more alarming? Construction has the second-highest suicide rate of any industry. What if many of the deepest struggles owners face stem from one flawed...
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🚀Is Your Construction Business Ready to Scale? Take the free online assessment ☎️Schedule your free business evaluation call with our team – EPISODE 393: What if the answer to your labor shortage isn’t in job ads or recruiters—but your warehouse? Today’s guest was done fighting for tradespeople. Instead of poaching skilled plumbers, he built a training program from scratch. Brewer Craftsman Academy turns complete rookies into $60-$80K/year professionals in just six months—and it’s working. His company now builds 23% of homes with workers who had zero experience just...
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🚀Is Your Construction Business Ready to Scale? Take the free online assessment ☎️Schedule your free business evaluation call with our team – EPISODE 392: Why do some contractors scale to $10M and beyond, while others stay stuck? Most construction business owners believe that working harder and saying “yes” to everything is the key to growth. But here’s the truth: saying yes to every job is how you build revenue, but saying NO to the wrong ones is how you build a profitable construction business. In this episode of The Construction Leading Edge, we’re unpacking the five key...
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🚀Is Your Construction Business Ready to Scale? Take the free online assessment ☎️Schedule your free business evaluation call with our team – EPISODE 390: Are you constantly up at night thinking if your team has ordered the correct items? How do you have the confidence that things are getting done? Most construction business owners spend their days chasing updates instead of leading their teams. If that sounds like you, then there’s a crucial piece missing from your operations: a single source of truth. In this episode of The Construction Leading Edge, I’ll share a powerful story...
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🚀Is Your Construction Business Ready to Scale? Take the free online assessment ☎️Schedule your free business evaluation call with our team – EPISODE 389: Are you constantly learning new business strategies, but nothing ever changes? A lot of construction business owners are stuck in a loop—chasing the next strategy, the next big idea—hoping it will finally be the thing that works. But here’s the truth: if you keep trying the same thing that isn’t working, then there’s something that you believe that isn’t true. In this week’s episode, we’re diving deeper into the...
info_outlineEPISODE 335: What would happen to your family after you’re gone?
Estate planning may not be as fun as booking a trip but without it, it’s like throwing away everything you’ve worked so hard for. Yet, research shows that fewer than 50% of Americans have a will or any form of estate plan.
Who gets what? How do your loved ones access your assets? What about your ongoing projects? How can your construction business continue operating in your absence?
Joining me in this week’s episode is Jon Braddock. Jon is an estate planning expert and he’s here to share his experiences and insights on the often overlooked necessities of estate planning.
Jon and I talk about some of the common myths, misconceptions, and mistakes of estate planning that small business owners must avoid.
Whether you’re concerned about organizing your asset information, documenting crucial business processes, or simply unsure where to start crafting your will, this conversation provides you the knowledge and motivation to take action now.
Let’s dive in!
Key Takeaways:
Introduction (00:00)
Meet Jon and his works at Estate Planning Nightmares (02:33)
Real-life examples of estate planning nightmares (07:20)
Ripple effects of poor or non-existent estate planning (12:46)
Common misconceptions people have about estate planning (14:48)
Importance of creating a solid estate plan (19:27)
What small business owners need to realize (27:08)
Why business continuity planning for small businesses matters (33:54)
The power of documented processes and systems (39:19)
First few steps in estate planning (46:16)
Episode wrap-up (53:06)
Additional Resources:
- Download the Legacy Planning Checklist HERE
- Join our FREE Get Out of Your Construction Business Masterclass HERE
- Download your FREE strategic planning guide HERE
- Schedule your FREE business evaluation call with our team HERE
- Grab a copy of Jon’s book, Click Here When I Die
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The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time.
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