Let me tell you a quick story about my first business where we grew from $2 million to $35 million over 15 years. We went from 6 employees to over 70 employees. Then when the financial crisis of 2008 hit, within 2 years went through $5 million in retained earnings, filed for bankruptcy and walked away with nothing.
At the time I was trying to build my retirement nest egg by using my business.
I was struggling with trying to grow my business and pay down personal debt ie mortgage, LOC, credit cards.
And I was getting more and more frustrated and nervous.
Then the bottom fell out from under me when the financial crisis of 2008 hit.
Which meant I couldn't pull any money out of my business because the bank rescinded our business Line of Credit.
As you can imagine, I was in bad shape and desperate, but I wasn't ready to give up on my dream of being a successful entrepreneur.
Then I was introduced to the financial services industry. I discovered all the things I had done wrong with regards to my first business.
I learned strategies on how to pay less personal and corporate tax. I discovered ways in which I should have creditor protected myself. I learned how I could set up a pension completely funded my business. I learned about how companies can prepare and position themselves to be sold now or in the future.
Today, I coach business owners on how to avoid the same mistakes I made with my first business; get money out of their business tax effectively, creditor protect themselves and help build a financially strong future and help their businesses thrive.
Ultimately, I help business owners get to their finish line.
- Chris Coulter
