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
🚀Download our FREE Strategic Planning Guide ☎️Schedule a Business Evaluation Call with The Construction Leading Edge Team – EPISODE 418: Are you tired of chasing your team for every little thing? Getting your team to take ownership is one of the most common frustrations I hear from construction business owners. But here’s the truth: your team isn’t lazy, and it’s not a people problem. It’s a clarity problem. In this episode of The Construction Leading Edge podcast, I’ll explain why the real barrier to accountability is often a lack of clear expectations, processes,...
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🚀Download the How to Buyout a Construction Project Playbook ☎️Schedule a Business Evaluation Call with The Construction Leading Edge Team – EPISODE 417: Are you tired of doing everything in your construction business and still feeling stuck? Most construction business owners believe that working harder will solve everything. However, Daniel Queen, founder of Built by Coalition, a custom home building company in Charlotte, North Carolina, discovered that by wearing too many hats, he became the bottleneck in his business. In this episode of the Construction Leading Edge podcast,...
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🚀Download our FREE Strategic Planning Guide ☎️Schedule a Business Evaluation Call with The Construction Leading Edge Team – EPISODE 416: Is your construction business always in firefighting mode? As a project manager turned integrator at Matchless Concrete Construction, Cole West knew they were growing too fast, but they were also bleeding money, missing deadlines, and drowning in chaos. In this episode of the Construction Leading Edge podcast, Cole shares how he and his team have dramatically reduced chaos, boosted margins, and reclaimed lost time. Today, we’ll talk about… ...
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🚀Download our FREE Strategic Planning Guide ☎️Schedule a Business Evaluation Call with The Construction Leading Edge Team – EPISODE 415: Do you always feel like you’re constantly putting out fires, drowning in details, and barely keeping your construction business afloat? It doesn’t always have to be that way. In this episode of the Construction Leading Edge podcast, I sat down with Tod Ingersoll, founder and president of NuWood Creations, who scaled his company from doing small projects to 7-figure design-build jobs by doing something most contractors avoid—letting go. Today,...
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🚀Download the How to Buyout a Construction Project Playbook ☎️Schedule a Business Evaluation Call with The Construction Leading Edge Team 📝Is Your Construction Business Ready to Scale? Take the FREE Online Assessment – EPISODE 414: Have you ever had a project delay wreck your schedule and cash flow? Most of us would argue that project slippage is beyond our control, but actually, it’s not. In this episode of the Construction Leading Edge podcast, I’ll unpack four powerful strategies to stop project slippage from derailing your business. Today, you’ll learn… Why project...
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🚀Download the How to Buyout a Construction Project Playbook ☎️Schedule a Business Evaluation Call with The Construction Leading Edge Team – EPISODE 413: Have you ever felt like your construction business would fall apart if you stepped away for even a day? That’s exactly how Steven Neuner felt for years. He found success, but was exhausted, overwhelmed, and the bottleneck for everything. Until his CFO and COO staged an intervention and told him, “We love you, but we’re tired of being your assistant.” That moment changed everything. He hired a proactive remote assistant (not...
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🚀Download the How to Buyout a Construction Project Playbook ☎️Schedule a Business Evaluation Call with The Construction Leading Edge Team – EPISODE 412: Are you putting in the hours—maybe 60-70 hours a week—but your construction business still feels stuck? Have you hired people, bought software, and generated more leads, but somehow you’re still the one solving every problem? In this episode of the Construction Leading Edge podcast, I’ll reveal the real reason growth stalls for most construction businesses, and why it’s not what you think. Today, you’ll hear… The...
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🚀Download the How to Buyout a Construction Project Playbook ☎️Schedule a Business Evaluation Call with The Construction Leading Edge Team – EPISODE 411: What happens when you realize you are the bottleneck in your construction business? Meet Travis Balcom, owner of TAB Construction LLC, a custom home-building company based in upstate New York. Last year, Travis was ready to quit. His construction business was growing, but so were the late nights, the headaches, and the burnout. He was the go-to for every problem—and it was breaking him. Travis realized he was the bottleneck...
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🚀Download the How to Buyout a Construction Project Playbook ☎️Schedule a Business Evaluation Call with The Construction Leading Edge Team – EPISODE 410: Do you find yourself always dealing with chaos, simply expecting your construction team to “figure it out”? What if success in your construction business could be defined as clearly as Billy Beane defined it with the Oakland A’s? In this episode of the Construction Leading Edge podcast, I’ll break down how you can apply the Moneyball approach to your construction business, using data, behaviors, and leading indicators...
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🚀Download the How to Buyout a Construction Project Playbook ☎️Schedule a Business Evaluation Call with The Construction Leading Edge Team – EPISODE 409: What if the secret to doubling your construction business isn’t about working harder, hiring more people, or saying yes to every project? In this episode of the Construction Leading Edge podcast, we’re joined by Ryan Brining & Tom Battersby of White Maple Construction to share how they doubled their revenue in just one year, without adding more staff or working longer hours. Here’s what you’ll learn in this...
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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