loader from loading.io

EP306 Finding your Rhythm: Balancing Business Growth and Personal Well-Being

The Cash Rich Exit Podcast

Release Date: 10/22/2024

EP324 Community Impact and Resilient Legacies Through Employee Ownership show art EP324 Community Impact and Resilient Legacies Through Employee Ownership

The Cash Rich Exit Podcast

In this final segment of a powerful three-part conversation, Colleen O’Connell-Campbell and Jennifer Williams explore the community-level impact of employee ownership for Canadian business owners - beyond the dollars and deal terms.   If you're a founder who wants to leave behind more than just a net worth number, this episode offers compelling reasons to consider how your exit plan could strengthen your community, not just your portfolio.   Key Highlights   💼 Employee-Owned Companies = Stability During Volatility Data shows these businesses are more likely to retain staff...

info_outline
EP323 The Tax-Smart Exit - Why Employee Ownership Trusts Are Gaining Ground show art EP323 The Tax-Smart Exit - Why Employee Ownership Trusts Are Gaining Ground

The Cash Rich Exit Podcast

In part two of this three-part series, Colleen welcomes back to explore the financial power behind Employee Ownership Trusts (EOTs). This isn't just a values-based feel-good exit. EOTs now offer significant tax advantages that can rival, and even exceed, traditional business sale routes. From how to qualify for the new $10M lifetime capital gains exemption to why Canada introduced this legislation, Jennifer breaks it all down - plus, the importance of doing it right with guidance from experts.   ✨ Key Highlights and Timestamps   🕓 02:35 Why the federal government introduced...

info_outline
EP322 The Case for Employee Ownership (Part 1) show art EP322 The Case for Employee Ownership (Part 1)

The Cash Rich Exit Podcast

Host: Colleen O’Connell-Campbell Guest: Jennifer Williams, Founder of Firefly Insights   In part one of a three-part series, Colleen sits down with , a passionate advocate for employee ownership and founder of Firefly Insights. This episode explores how business owners can transition their companies to employees - preserving their legacy, values, and community roots - expanding their options beyond the default of private equity or selling to competitors.   Jennifer shares why employee ownership is gaining traction in Canada, how it can stabilize businesses post-exit, and why it’s...

info_outline
EP321 Employee Ownership could be your Best Exit Strategy show art EP321 Employee Ownership could be your Best Exit Strategy

The Cash Rich Exit Podcast

👋 at RBC Dominion Securities In this episode, host Colleen O’Connell-Campbell, Wealth Advisor, sits down with , CEO of , and a pioneer in bringing Employee Ownership Trusts (EOTs) to Canada. Tiara explains how EOTs offer a compelling, tax-efficient option for business owners who want to protect their legacy, empower their employees, and still achieve full value in an exit - without selling to a third party or private equity.   Tiara shares how she helped champion Canada's EOT legislation, inspired by robust models in the US and UK, and outlines how Canadian business owners can now...

info_outline
EP320 Valuing Digital Assets for a Smarter Exit show art EP320 Valuing Digital Assets for a Smarter Exit

The Cash Rich Exit Podcast

Welcome back, Self Made Nation! In this episode, I reconnect with , co-founder of seoplus+, to explore a topic that’s fast becoming essential to business exit strategy: how to identify, measure, and maximize the value of your digital assets.   Brock shares how seoplus+ developed a proprietary Digital Asset Valuation program designed to help business owners understand the true value of their online presence - think websites, social media, ad accounts, email lists, and more.    Why does it matter?  Because overlooking these digital touchpoints can impact your exit multiple...

info_outline
EP319 Building Smart Networks and Smarter Exit show art EP319 Building Smart Networks and Smarter Exit

The Cash Rich Exit Podcast

In this episode, I sit down with seasoned M&A expert - a true connector in Canada’s investment and business exit ecosystem. With decades of experience in investment banking, private equity, and corporate finance, Eric shares how relationships, preparation, and AI-driven intelligence are reshaping the exit journey for business owners.   We dig into the power of networks like the M&A Club, the practical benefits of using AI to prepare for due diligence, and the often-overlooked realities around professional fees, timing, and tax strategy.   Whether you’re two years away...

info_outline
EP 318 Strategic Finance for a Cash-Rich Exit show art EP 318 Strategic Finance for a Cash-Rich Exit

The Cash Rich Exit Podcast

Ever wonder how businesses scale successfully - or why some promising companies unexpectedly falter? In this enlightening episode of ‘The Cash Rich Exit Podcast’, host Colleen sits down with , CEO of Unloop Accounting and Founder of Storyline Financial. Shady specializes in helping businesses turn complex financial data into actionable insights that drive strategic growth and profitable exits.   From identifying red flags in your cash flow to understanding the crucial difference between accounting and finance, Shady breaks down key concepts every entrepreneur needs to grasp. This...

info_outline
EP317 Navigating Tax Complexities for a Cash-Rich Business Exit show art EP317 Navigating Tax Complexities for a Cash-Rich Business Exit

The Cash Rich Exit Podcast

Taxes may not be the most exciting topic, but mastering tax planning is crucial for entrepreneurs aiming for a cash-rich business exit. In this insightful episode, host sits down with Mike Nazarov, a seasoned tax partner at KPMG Canada, to decode Canadian tax updates and share essential strategies for structuring your Canadian-controlled private corporation.   Here's what you can expect from this episode:    🔑 Practical insights into the recent capital gains inclusion rate changes in Canada.  📈 Tips for optimizing your business structure for maximum tax...

info_outline
EP316 Estate Planning for Business Owners - Securing your Legacy show art EP316 Estate Planning for Business Owners - Securing your Legacy

The Cash Rich Exit Podcast

Welcome, Self-Made Nation! Today on The Cash Rich Exit Podcast, we talk about a crucial but often overlooked aspect of business ownership - estate planning. is joined by , estate planning lawyer at Cooligan Yehia LLP, to discuss how business owners can secure their legacy for future generations.   🏢 Why estate planning matters for business owners – Your business is one of your biggest assets. Without a solid estate plan, succession can become complicated, costly, and emotionally taxing for your loved ones.   📜 Essential estate planning documents – Wills, powers of...

info_outline
EP315 Building Strong Private Boards - Jennifer Mondoux on Governance Excellence show art EP315 Building Strong Private Boards - Jennifer Mondoux on Governance Excellence

The Cash Rich Exit Podcast

Welcome back to The Cash Rich Exit Podcast with me, your host, . Today, we're spending time in the world of governance and leadership with , Managing Partner, CEO, and Founder of MondouxRollins Partners Inc. and the visionary behind Canada's Best Private Boards (also known as The Boardies).   Jennifer has a rich background – she started in journalism and then moved into helping companies find the right leaders. She really understands how important good governance is for private companies that want to grow and succeed. Because of her experience in executive search, placing leaders, and...

info_outline
 
More Episodes

Welcome back to The Cash Rich Exit Podcast! I’m your host, Colleen O'Connell-Campbell, Wealth Advisor to business owners working towards a cash rich exit. In today’s episode, we kick off part one of a three-part conversation with business and leadership coach, Eric Deschamps. Eric brings a wealth of knowledge, sharing insights into maintaining work-life balance - though, as you'll hear, he prefers the term "work-life rhythm".

 

🎙 The Ebb and Flow of Life and Business: Eric talks to me about the importance of understanding that life and business are not meant to be perfectly balanced, but rather harmonized in an ebb and flow. He emphasizes the importance of recognizing different seasons in life and business and how to adjust to them, rather than striving for unrealistic balance.

 

🛠 Tackling Burnout: Eric shares his personal experiences with burnout and highlights the common signs entrepreneurs face, including fatigue, irritability, and lack of motivation. He discusses how taking time off is only part of the solution. To truly overcome burnout, systemic changes and mindset shifts are necessary.

 

🧠 The Power of Leadership and Self-Care: As a coach, Eric has worked with thousands of leaders. He explains that effective leadership is about more than business strategies - it’s about personal growth, mindset shifts, and prioritizing self-care. By focusing on yourself and investing in your own well-being, you bring the best version of yourself to every role, both personally and professionally.

 

📈 Key Takeaways for Entrepreneurs:

 

  • Watch for Burnout: If you’re asking yourself, “Am I burnt out?” you likely are. It’s time to seek help and make changes before burnout derails you.

  • Delegate Wisely: Leaders must delegate tasks effectively to focus on the highest and best use of their time, rather than getting bogged down in minor tasks.

  • Recognize your Season: Understand that life and work come in seasons - sometimes your business needs more attention, and sometimes your personal life does. Adjust your priorities accordingly.

 

Are you feeling the weight of balancing business and life? It might be time to evaluate your current situation and your future exit strategy so you can focus on securing your financial future. Reach out to me for a complimentary one-on-one wealth gap analysis, and let's start crafting a plan that gives you the freedom to live your best life while building toward a cash-rich exit.

 

Thank you for tuning in, and stay with us for the next two parts of this enlightening conversation with Eric Deschamps. 

 

Until next time, TTFN (ta-ta for now)!

 

***

The Cash Rich Exit Podcast is brought to you by O’Connell-Campbell Wealth Management at RBC Dominion Securities.

 

All opinions expressed by the host, Colleen O’Connell-Campbell, and podcast guests are solely their own opinions and do not reflect the opinion of RBC Dominion Securities.

 

This podcast is for informational purposes only before taking any action based on information in this podcast you should consult with a qualified professional.

 

Colleen O’Connell-Campbell is a Wealth Advisor at RBC Dominion Securities, a member of the Canadian Investor Protection Fund.