The Kitchen Table

Ken Baden

A show about business, sales, goals, and the pursuit of personal greatness, all where business gets done. The Kitchen Table.

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Top 10 The Kitchen Table Episodes

Goodpods has curated a list of the 10 best The Kitchen Table episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to The Kitchen Table for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite The Kitchen Table episode by adding your comments to the episode page.

The Kitchen Table Building A Savage Culture with Andy Eliott

The Kitchen Table

04/15/24 • 22 min

In episode 62 of The Kitchen Table, Ken Baden interviews Andy Eliott as they discuss the importance of building a strong company culture, maintaining relationships with your team during tough times, and the significance of physical fitness in achieving success. Andy also shares valuable insights on leadership, loyalty, and the power of storytelling in business.

Tune in to hear about their collaboration and the impact of personal experiences on helping others succeed.

TIMESTAMPS

[00:01:10] Overcoming Challenges and Leadership.

[00:03:26] Building a Strong Brand.

[00:07:24] Fitness and Success Relationship.

[00:10:42] Building a Badass Culture.

[00:13:19] Embracing the Hustle Mentality.

[00:19:27] Stress Testing Relationships.

[00:21:32] The Power of Influence.

In this episode, Ken Baden and Andy Eliott emphasize the importance of stress testing as a means to strengthen these areas and prepare for challenges. Andy mentions the significance of understanding the breaking points of the company, marriage, relationships, and team. By stress testing these components, individuals and organizations can identify vulnerabilities, build resilience, and foster loyalty.

Overall, sharing authentic stories, building a personal brand, and inspiring others through real-life experiences are key components of success in business and leadership.

QUOTES

"Do whatever has happened to you or whatever you've gone through. It's just truly like what's going to make you just be that much better of a leader. And it makes you that much more qualified to actually do what it is that you want to do" - Andy Eliott
"I'll tell you, it's everything. to me, and I'm going to tell you why. Number one, the art of achievement is important, but the art of fulfillment is more important to me." - Andy Eliott
"That's the reason why I pray for hard times because every time that we have something hard happen. Number one, it gives us an opportunity to create more loyalty with each other and get closer. But number two, it actually allows us an opportunity to stress test our company. So in the event one day that something really hard happens or something happens, our whole company is strong together because we've been practicing these techniques for a very long time." - Andy Eliott

SOCIAL MEDIA LINKS

Ken Baden

Instagram: https://www.instagram.com/officialkenbaden/

Facebook: https://www.facebook.com/officialkenbaden

Andy Eliott

Instagram: https://www.instagram.com/officialandyelliott

Facebook: https://www.facebook.com/theandyelliott?mibextid=LQQJ4d

LinkedIn: https://www.linkedin.com/in/andyelliottofficial/

WEBSITES:

The Kitchen Table Podcast: https://thekitchentablepodcast.net/

Blue Collar Ballers Union: https://bluecollarballersunion.com/

Andy Elliott: https://link.me/officialandyelliott

The Elliott Group: https://elliott247.com/

The Memorial Day Special with Shawn Morgan (FitFiLife)

The Kitchen Table

05/31/24 • 70 min

In episode 68 of The Kitchen Table, Ken Baden interviews Shawn Morgan to discuss a wide range of topics, from the impact of different food cultures on health to the complexities of the American tax system. They delve into the importance of questioning the status quo and advocating for oneself in a world where money often takes precedence over everything else.

Tune in as they share their unique perspectives and insights on various issues affecting society today.

TIMESTAMPS

[00:03:27] Sports Training Differences between Countries.

[00:06:08] Work Ethic and Support Dynamics.

[00:10:29] Overcoming Setbacks and Struggles.

[00:12:36] Embracing Failure for Growth.

[00:15:53] Paying for Convenience in Training.

[00:20:39] Family Dynamics and Disagreements.

[00:24:30] Food Differences and Chemicals.

[00:25:53] Health and Stress Impact Body.

[00:31:38] COVID Vaccine Risks and Admissions.

[00:34:33] Vaccine Concerns and Uncertainties.

[00:36:29] Food and Drink Differences Worldwide.

[00:41:49] Taxes and Inflation Concerns.

[00:44:29] Cultural Differences and Acceptance.

[00:49:19] Kids' Choices and Acceptance.

[00:55:44] Social Media Honesty.

[01:01:11] Fear of Failure.

[01:02:32] Overcoming Fears and Achieving Success.

[01:08:13] Expressing Feelings and Vulnerability.

[01:09:43] One Love, Big Up.

QUOTES

"I think the fact our failure is such a big thing that most of us don't want. We're so afraid to fail, not understanding that failure is that's how you actually learn and grow. You know, when you fail, that's how you learn." - Shawn Morgan
"You gotta accept people for people. If this is who that person is, this is who that person is. Stop trying to change everyone." - Shawn Morgan
“I think that's the number one thing that keeps people from pursuing their dreams is fear of failure.” - Ken Baden

SOCIAL MEDIA LINKS

Ken Baden

Instagram: https://www.instagram.com/officialkenbaden/

Facebook: https://www.facebook.com/officialkenbaden

Shawn Morgan

Instagram: https://www.instagram.com/fitfilife/

WEBSITES:

The Kitchen Table Podcast: https://thekitchentablepodcast.net/

Blue Collar Ballers Union: https://bluecollarballersunion.com/

Fit Fi Life: https://fitfilife.com/

At the Kitchen Table with Doug Mitchell

The Kitchen Table

02/19/24 • 57 min

In episode 54 of The Kitchen Table, Ken Baden welcomes guest, Doug Mitchell as they discuss the importance of building a strong sales team and maintaining a positive company culture. They also mention how they navigate the challenges of hiring and retaining employees, using tools like the DISC assessment to find the right fit for their business.

Tune in for a relaxed and informative discussion where you can learn practical tips and strategies for success in business, entrepreneurship, and sales.

TIMESTAMPS

[00:08:21] Core Values Impacting Company Success.

[00:12:22] Entrepreneurial Insight Into Business Operations.

[00:14:45] Fractional Integrator Piece.

[00:18:39] Business Strategies and Perceptions.

[00:23:32] 1099 Sales Relationship.

[00:27:37] Business Partnership Requirements.

[00:31:24] Education for Sales Reps.

[00:35:24] Assessing Sales Team Compatibility.

[00:38:08] Office Expansion Strategies.

[00:43:21] Building Effective Sales Teams.

[00:46:28] Hiring Based on Variables.

[00:51:36] Saturated Markets in Solar Industry.

[00:53:04] Entrepreneur Finds Success through Podcast.

In this episode, Ken Baden and Doug Mitchell emphasize that the DISC assessment can offer valuable insights into a candidate's behavioral tendencies, communication style, and work preferences. By incorporating the DISC assessment results into the hiring process, employers can gain a better understanding of how a candidate may fit within the company culture and team dynamics.

Overall, Ken and Doug emphasize the importance of hiring individuals who align with the company's core values and work ethic. They discuss the impact of having employees who believe in the mission and values of the organization, as well as those who demonstrate a strong work ethic. By hiring individuals who share the company's values, businesses can create a cohesive and productive team that works towards common goals.

QUOTES

“I'm doing a fractional integrator where I'm a big piece of the business and I'm coaching the different departments and everything, making sure everybody's hitting their KPIs, their rocks, and all that good stuff.” - Doug Mitchell
"If it's hitting you a little bit, then that means you need to fix that part of the business. You need to fix your culture. You need to hire better. You need to fire faster. Stop keeping these guys on that are cancer to your business because they can pull a few numbers every now and then. It's not worth it.” - Doug Mitchell
“I believe water seeks its own level. Your culture kind of dictates who you bring in.” - Ken Baden
“You got to know what you're up against. And you have to protect your clients. And so doing things the right way, finding someone like Doug, asking for some help, maybe enlisting their help, is all of the difference in the world and will make you the 1% versus the 99.” - Ken Baden

SOCIAL MEDIA LINKS

Ken Baden

Instagram: https://www.instagram.com/officialkenbaden/

Facebook: https://www.facebook.com/TheKenBaden

Doug Mitchell

Instagram: https://www.instagram.com/txbizdad/

Facebook: https://www.facebook.com/txbizdad

LinkedIn: https://www.linkedin.com/in/txbizdad/

WEBSITES:

The Kitchen Table Podcast: https://thekitchentablepodcast.net/

Blue Collar Ballers Union: https://bluecollarballersunion.com/

Sales Program Builder: https://www.salesprogrambuilder.com/

The Kitchen Table Podcast with Justin Smarte

The Kitchen Table

07/30/24 • 43 min

In episode 75 of The Kitchen Table, Ken Baden interviews Justin Smarte, to discuss the ins and outs of building a successful office and the importance of leadership and maintaining a positive attitude.

Tune in to gain valuable insights into the behind-the-scenes work that goes into growing a business.

TIMESTAMPS

[00:01:29] Providing value in podcast interviews.

[00:06:38] Building office and providing value.

[00:07:48] Entrepreneurial challenges in solar industry.

[00:11:51] Problematic social media personas.

[00:16:00] Unlikely successful sales team member.

[00:19:48] Finding purpose in work.

[00:22:17] Leading with Atomic Appreciation.

[00:29:14] Finding Inner Peace.

[00:31:40] Qualities of a leader.

[00:33:22] Leadership and showing you care.

[00:39:37] The power within your mind.

[00:41:46] Focusing on gratitude and goals.

QUOTES

"And I think that's very important because when it comes to leading a team if your team sees or they can sense that you don't care, why would they even care? When you have somebody that would do anything then I truly believe that you can surround yourself with people that would do anything for you." - Justin Smarte
"I'm sure you're familiar with the law of attraction and, if you can remain positive, you can only attract more positivity into your life. I don't know, it's just I've taken these things very seriously and they've been able to reflect into my life in all aspects." - Justin Smarte
"I can focus on being the best business I can be for the sake of our people and our customers and just do right by people... Like that is a by-product of setting goals and doing things the right way." - Ken Baden

SOCIAL MEDIA LINKS

Ken Baden

Instagram: https://www.instagram.com/officialkenbaden/

Facebook: https://www.facebook.com/officialkenbaden

Justin Smarte

Instagram: https://www.instagram.com/justin_smarte/

Facebook: https://www.facebook.com/justin.smarte/

LinkedIn: https://www.linkedin.com/in/justin-smarte-7bb83b241/

WEBSITES:

The Kitchen Table Podcast: https://thekitchentablepodcast.net/

Blue Collar Ballers Union: https://bluecollarballersunion.com/

At the Kitchen Table with Joshua Steinberger

The Kitchen Table

02/12/24 • 59 min

In episode 53 of The Kitchen Table, Ken Baden sits down with Josh Steinberger, a fellow roofer and business owner as they discuss their experiences in the roofing industry, the challenges they've faced, and their strategies for success. From recruiting and training new team members to navigating the ups and downs of the market, Ken and Josh share valuable insights and lessons learned.

Tune in to gain valuable insights into the world of roofing and business management.

TIMESTAMPS

[00:08:36] Creating a Culture for Success.

[00:11:13] Open Book Playbook Approach.

[00:19:21] Sales Success and Overcoming Challenges.

[00:22:35] Insurance Companies and Roofing Claims.

[00:28:20] Moving and Starting Fresh.

[00:33:09] Insurance Jobs and Sabotage.

[00:36:14] Insurance Company Tactics and Claims.

[00:41:13] Building a Strong Sales Team.

[00:44:56] Spending Money to Make Money.

[00:47:28] Paying Suppliers Weekly Instead of Monthly.

[00:49:23] Cash Flow and Business Challenges.

[00:54:39] Training Process and Expenses.

[00:56:37] Hiring the Right People.

In this episode, Ken Baden and Josh Steinberger highlight the approach to success in the roofing industry revolves around building a team of talented and hardworking individuals. Josh believes in hiring the best of the best and fostering a strong company culture. Continuous training and development are also paramount for his team members as his ultimate goal is to create a company that can handle any challenge and provide exceptional service to its customers.

Additionally, Ken and Josh discuss the importance of recruiting and training during the off-season, as well as the strategies Josh has implemented to attract and retain top talent in his company. Overall, Josh's experience serves as a reminder of the importance of open communication and conflict resolution in business relationships. By addressing conflicts and finding common ground, individuals can rebuild trust and work towards a more productive and successful partnership.

QUOTES

“One of the biggest things that I learned in business a long time ago is that when people contract, you expand.” - Josh Steinberger
“Our job is to go and put the best of the best, the brightest of the brightest, the hardest working of the hardest, the most ethical, baddest ***** you can find, and assemble the team that can go do the work." - Josh Steinberger
"You truly do have to spend money to make money." - Ken Baden
"If there's nothing else, I would say the moral of this story is cash flow ***** kills, but it also allows you to sleep at night and take advantage of it." - Ken Baden

SOCIAL MEDIA LINKS

Ken Baden

Instagram: https://www.instagram.com/officialkenbaden/

Facebook: https://www.facebook.com/TheKenBaden

Josh Steinberger

Instagram: https://www.instagram.com/joshsteinberger/

Facebook: https://www.facebook.com/josh.steinberger/

LinkedIn: https://www.linkedin.com/in/josh-steinberger-19a83b215/

WEBSITES:

The Kitchen Table Podcast: https://thekitchentablepodcast.net/

Blue Collar Ballers Union: https://bluecollarballersunion.com/

NextGen Restoration, Inc.: https://nextgenrestoration.net/

The Kitchen Table Podcast with Brendan O'Rourke

The Kitchen Table

09/16/24 • 71 min

In episode 81 of The Kitchen Table, Ken Baden interviews Brendan O'Rourke, founder of True North Wealth Solutions,, as he shares his journey as a fresh entrepreneur in the wealth management and financial planning industry, having started his own company just a few months ago.

Tune in to discover how faith, purpose, and community can guide you through the ups and downs of entrepreneurship!

TIMESTAMPS

[00:02:35] Starting a business challenges.

[00:05:00] Spending money and emotional ties.

[00:08:35] Sobriety and professional growth.

[00:12:05] Spiritual condition and personal growth.

[00:15:17] Family support in new ventures.

[00:18:57] Business growth decisions.

[00:21:33] Inflation and the stock market.

[00:27:14] Market volatility as investment strategy.

[00:30:14] Budgeting strategies for financial health.

[00:34:08] Mortgage rates and housing supply.

[00:38:14] Voting intelligence and misinformation.

[00:40:35] Local level impact on politics.

[00:49:30] Insurance claims and complications.

[00:53:09] Roofing scams and insurance issues.

[00:56:09] Fraudulent practices in roofing industry.

[01:00:34] Helping people in the industry.

[01:03:42] Fighting the good fight.

[01:04:51] Life and death honesty.

[01:07:46] Estate planning seminars for community.

QUOTES

"Going through whatever you're going through business, taking a new journey, jumping into something, you know, like going into business for yourself. If you do it with faith and prayer, then whatever the outcome is what it was supposed to be." - Ken Baden
"The truth is money always comes back. So being invested, it's best to stay invested for the long term." - Brendan O'Rourke
"Get a plan. Figure out what your goals are and then just attack those goals. Everything else is just noise." - Brendan O'Rourke

SOCIAL MEDIA LINKS

Ken Baden

Instagram: https://www.instagram.com/officialkenbaden/

Facebook: https://www.facebook.com/officialkenbaden

Brendan O'Rourke

LinkedIn: https://www.linkedin.com/in/brendan-d-o-rourke-cfp%C2%AE-60b4089b/

WEBSITES:

The Kitchen Table Podcast: https://thekitchentablepodcast.net/

Blue Collar Ballers Union: https://bluecollarballersunion.com/

True North Wealth Solutions: https://www.truenorthwealthsolutions.com/

Exquisite Extermination - Premier Pest Control in New Orleans with Jared LaJaunie

The Kitchen Table

04/22/24 • 37 min

In episode 63 of The Kitchen Table, Ken Baden interviews Jared LaJaunie to discuss entrepreneurship, business growth, and the challenges of running a successful pest control company. They delve into topics like marketing strategies, the importance of networking, and the future plans for Jared's company.

Tune in to gain insightful discussion about business, growth, and the power of taking action in the entrepreneurial world.

TIMESTAMPS

[00:02:34] Discovering New Business Material.

[00:04:36] Hurricane Aftermath and Opportunity.

[00:08:39] Recognition and Business Growth.

[00:11:48] Entrepreneur's Disease.

[00:15:33] The Value of Door Knocking.

[00:19:41] What Keeps the Phone Ringing?

[00:24:23] The Power of Door-to-Door Sales.

[00:28:18] Challenges of the Retail Market.

[00:31:53] Launching a Podcast and More.

[00:33:00] Starting a Podcast Journey.

[00:35:32] What It Takes to be an Entrepreneur.

In this episode, Ken Baden and Jared LaJaunie emphasize the significance of taking action as an entrepreneur, even in the absence of complete knowledge on a subject. Jared stressed that in the initial stages, errors are common, but they serve as valuable lessons for personal growth and development.

Furthermore, Jared's journey exemplifies the importance of focusing on one area at a time to achieve sustainable business growth and success. By honing in on a specific service or market segment, entrepreneurs can optimize resources, streamline operations, and drive profitability, ultimately paving the way for long-term success.

QUOTES

"Going from literally just me starting out to the level that we've achieved, it's challenged me and I've had to personally grow a lot to continue to be able just to do the things that we're doing today. It's been challenging, but rewarding is the best way I can describe it." - Jared LaJaunie
"Getting the right people around me have helped with that. People who are not afraid to say like, ‘Hey, look, man, I don't know.’ You know, that also have, some equity in the game, and that's all." - Jared LaJaunie
“It's uncomfortable. It forces you outside your comfort zone and people want to be comfortable. But the blessings and the good things lie in the hard stuff. That's something.” - Jared LaJaunie
"You want to know what it takes to be an entrepreneur, take action quickly, and don't be afraid to be wrong because you're probably going to be wrong more often in the beginning than not but you'll learn lessons." - Ken Baden

SOCIAL MEDIA LINKS

Ken Baden

Instagram: https://www.instagram.com/officialkenbaden/

Facebook: https://www.facebook.com/officialkenbaden

Jared LaJaunie

Instagram: https://www.instagram.com/lajauniejared/

Facebook: https://www.facebook.com/lajaunies/

LinkedIn: https://www.linkedin.com/in/jared-lajaunie-3491306b/

WEBSITES:

The Kitchen Table Podcast: https://thekitchentablepodcast.net/

Blue Collar Ballers Union: https://bluecollarballersunion.com/

LaJaunie’s Pest Control: https://www.lajaunies.com/

Selling Windows In Fargo! With Carter Broer

The Kitchen Table

03/11/24 • 42 min

In episode 57 of The Kitchen Table, Ken Baden welcomes Carter Broer from Window World to discuss his journey from being a carpenter to owning a successful franchise. Carter shares insights on building a business, leveraging time and resources, and the importance of continuous growth. They delve into topics like sales strategies, expanding services, and the power of TV advertising in a conservative market.

Tune in to their conversation as they explore the mindset and actions needed for entrepreneurial success.

TIMESTAMPS

[00:00:55] Window World's Huge.

[00:07:00] Fargo TV Show Appreciation.

[00:11:08] Pricing Strategies and Customer Behavior.

[00:14:39] Adding New Products to Business.

[00:16:04] Sales Process Strategies.

[00:21:55] Retail Sales Success.

[00:23:44] Unusual Weather Patterns and Challenges.

[00:28:16] Leveraging Time and Resources.

[00:32:40] Leveraging for Exponential Growth.

[00:35:06] Restarting for Self-Improvement Journey.

[00:38:24] Embracing the Grind as Success.

[00:41:38] Building Brand on Social Media.

In this episode, Ken Baden and Carter Broer emphasize the importance of grinding and putting in hard work to achieve success. Carter highlights the significance of starting with a strong skill set and continuously improving it to become proficient in the chosen field. He also mentions that society often seeks instant gratification, but true success comes from consistent effort and perseverance.

Moreover, Carter's focus on leveraging different aspects like technology, money, and people to enhance business operations underscores the importance of utilizing resources effectively to scale a business. He also emphasizes the need for personal growth and development, such as maintaining health and wellness, to support business success.

QUOTES

"You're never directly on your navigation path. You're always adjusting and redirecting. And the idea behind the straight line of the sales, control the conversation down the path. And if it gets diverted, bring it back to the point, let the customer talk. But you have to be in control of the sales process if you want to close." - Carter Broer
“ Instead of driving everything down and cutting everybody's feet off. Like that's ridiculous, man. If we just work together, we can say, look, man, there's plenty out here for everybody. We can do good business. Let's bring this thing up. Let's make sure we have a thing to come back to next year.” - Ken Baden
"The first thing you got to do is learn a skill and build your skill set to a point where you're dangerous, and then continue to grow it. From there, you have to start with a base of some type of a skill set, whether that's in the blue collar, in tech, whatever it is. Start with a skill set, and then grind, and grind, and grind.” - Carter Broer

SOCIAL MEDIA LINKS

Ken Baden

Instagram: https://www.instagram.com/officialkenbaden/

Facebook: https://www.facebook.com/TheKenBaden

Carter Broer

Instagram: https://www.instagram.com/cbroerworks/

Facebook: https://www.facebook.com/Carter.Broer.Works

LinkedIn: https://www.linkedin.com/in/cbroerworks/

WEBSITES:

The Kitchen Table Podcast: https://thekitchentablepodcast.net/

Blue Collar Ballers Union: https://bluecollarballersunion.com/

Window World: https://www.windowworldfargo.com/

Education Evolution- Politician Leading the Change with Marcellus Crews

The Kitchen Table

06/07/24 • 43 min

In episode 69 of The Kitchen Table, Ken Baden interviews Marcellus Crews, a local politician and entrepreneur, who shares his journey from running for Senate to his vision for transforming education and job opportunities for young people and adults. He discusses the importance of certifications, entrepreneurship, and providing second pathways for success.

Tune in as they delve into the impact of education, crime, and the economy on society.

TIMESTAMPS

[00:03:08] Tech Company Evolution and Growth.

[00:04:47] Entrepreneurship and Politics Journey.

[00:08:43] Small Business Education Initiatives.

[00:14:09] Overcoming Adversity and Addiction.

[00:16:49] Giving Second Chances to Individuals.

[00:19:57] Rehabilitation and Second Chances.

[00:23:11] Overcoming Challenges in Handyman Work.

[00:29:19] Rethinking Certifications for Young People.

[00:32:09] High-Paying Job Certifications.

[00:36:24] Empowering Young Entrepreneurs.

[00:40:12] Supporting Youth and Communities.

QUOTES

"It is time for us to get serious. If we really want a better economy, if we really want crime to come down, if we really want people to truly be rehabilitated, if we really care about our society, we can't just say, oh, these are no good and they're incarcerated." - Marcellus Crews
‘’We can turn a whole county around. We can help turn other counties around. We can partner with other counties and we can start getting at the real root cause and not continue to go down, spiral down this road of ‘let's just lock them up’.’’ - Marcellus Crews
“I realized that I got to bring, marry all of that together and help our society do a better job because we're not doing a great job right now. Not at all. And I'm affected by it. You're affected by it. That's how you get there.” - Marcellus Crews

SOCIAL MEDIA LINKS

Ken Baden

Instagram: https://www.instagram.com/officialkenbaden/

Facebook: https://www.facebook.com/officialkenbaden

Marcellus Crews

Instagram: https://www.instagram.com/crewsmarcellus/

Facebook: https://www.facebook.com/Crews2me

LinkedIn: https://www.linkedin.com/in/marcellus-crews-571b2131/

WEBSITES:

The Kitchen Table Podcast: https://thekitchentablepodcast.net/

Blue Collar Ballers Union: https://bluecollarballersunion.com/

Marcellus Crews: https://www.marcelluscrews.com/

Prepare Like a Business Pro with Wayne Zell Esq

The Kitchen Table

04/01/24 • 49 min

In episode 60 of The Kitchen Table, Ken Baden interviews Wayne Zell, an attorney and a CPA, to discuss the importance of trust and estate planning for business owners. Wayne shares valuable insights on setting up a solid foundation for your business, including the significance of choosing the right business entity, building a management succession plan, and preparing for a successful exit strategy.

Tune in to gain valuable knowledge on structuring your business for success.

TIMESTAMPS

[00:02:19] Trusts and Estates Explained.

[00:07:39] Family Business Exit Planning Advice.

[00:12:24] Setting Up Business Entities.

[00:14:20] Special Tax Relief for Businesses.

[00:20:32] Independent Contractor Classification.

[00:22:40] Compliance for New Business Entities.

[00:26:40] Independent Contractors vs. Employees.

[00:30:00] Planning for the Unexpected.

[00:34:45] Life After Business Exit.

[00:35:38] Partnerships and Legal Agreements.

[00:40:18] Entrepreneurial Exit Planning.

[00:43:23] Succession Planning for Family Business.

[00:45:34] Management Succession Plan.

In this episode, Ken Baden and Wayne Zell emphasize the need for a management succession plan to designate who will run the business in unforeseen circumstances. Wayne shares a cautionary tale of a client's CFO misappropriating funds during the owner's absence, highlighting the importance of oversight and governance structures within a business. Thus stressing the value of seeking professional advice from attorneys and CPAs to navigate complex legal and financial matters effectively.

Overall, the episode underscores the importance of proactive planning, legal compliance, and strategic decision-making for business owners to achieve long-term success and financial security.

QUOTES

"As entrepreneurs, we can learn from any other entrepreneur and there's always something... There’s always something to learn." - Ken Baden
"You've got to have somebody overseeing the people running the business because money creates greed and greed leads to damage and damage leads to hurt families, hurt feelings, hurt people. Why not have a board? A board of directors that is in charge of managing the operators. So you give the operators some kind of guarantee or assurance that they're going to be able to keep their job." - Wayne Zell
“There's nobody on the other side on the computer asking you questions about you and where your mind is at, and the computer can't read your mind. So to be able to design something that works for you, you really have to have somebody experienced on the other side to talk to.” - Wayne Zell

SOCIAL MEDIA LINKS

Ken Baden

Instagram: https://www.instagram.com/officialkenbaden/

Facebook: https://www.facebook.com/TheKenBaden

Wayne Zell

Instagram: https://www.instagram.com/zelllaw/

Facebook: https://www.facebook.com/wayne.zell

LinkedIn: https://www.linkedin.com/in/wayne-zell-5aa1147/

WEBSITES:

The Kitchen Table Podcast: https://thekitchentablepodcast.net/

Blue Collar Ballers Union: https://bluecollarballersunion.com/

Wayne Zell: https://www.waynezell.com/