Owner's Corner by SYM Financial Advisors

Melissa Wolf, CPA joined Baden Gage & Schroeder, LLC in 2012 with over seven years of tax experience specializing in gift, trust and estate planning. She directs tax engagements for clients with personal income, fiduciary income and gift tax service needs. Melissa has extensive experience in assisting clients with the formulation of retirement and estate plans. Melissa joins me for a powerful conversation spanning various topics, from Melissa's diverse journey to becoming a CPA, to nuanced aspects of charitable giving, donor-advised funds, and the utilization of various trusts. We discuss the mechanics of revocable and irrevocable trusts, as well as family and personal residence trusts, and how they can be effectively used in estate planning. Indiana's unique charitable credits, gift tax return protocols, and strategies to maximize tax benefits for charitable donations were also highlighted. This conversation shines a light on the legalities of gifting and the importance of collaboration among financial advisors, accountants, and attorneys for optimum planning. This week on The Owner’s Corner: Our Favorite Quotes: Connect with Melissa Wolf: mwolf@badencpa.comLinkedIn Baden Gagen & Schroeder About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: This material is not an offer or solicitation to buy or sell any product and does not constitute as investment, legal, or tax advice and should not be used as a substitute for the advice of a professional legal or tax advisor. The opinions expressed herein are those of SYM and are subject to change without notice. SYM recommends you engage your CPA/tax preparer to for tax strategies specific to your circumstances. Certain links above are to third-party sites and are not affiliated with SYM Financial Corporation (“SYM”). SYM is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about SYM, including our investment strategies, fees and objectives can be found in our ADV Part 2, which is available upon request.

Maggie Browning is the Franchise Partner of the Burn Boot Camp locations at Fishers and Zionsville, Indiana. Burn Boot Camp is a network of fitness facilities that envisions a world where women love themselves today and are inspired by who they’ll be tomorrow. Before working with Burn Boot Camp, Maggie worked as the Deltek Systems Analyst at Walker Consultants and the Project Administrator at McShane Construction Company. She holds a Bachelor of Science in Business Management and Administration from Bradley University. Maggie joins me today to discuss the advantages and challenges of being a franchise owner. She explains how she knew it was time to expand to another location and why the integration of family and work is critical to the success of any business owner. She describes how her most successful employees are former members of the gym and how her background in entrepreneurship helped her navigate the challenges of purchasing a gym franchise amid the COVID-19 pandemic. Maggie also highlights how getting involved in local communities empowers Burn Boot Camp’s messaging and marketing and underscores why passion and purpose are essential foundations of any business. “Go into business doing something you’re passionate about because it’s going to come into every crevice of your life in ways that you don’t expect.” - Maggie Browning This week on The Owner’s Corner: Our Favorite Quotes: “Find something you’re passionate about that you’re going to love and it will feel not like coming into work, but like an extension of who you are.” - Seth Whicker“When I say that a business is a family affair, I don’t mean all family members work in the business. It means you need to have the support of the entire family to make the business work.” - Seth Whicker“The number one tip to business owners is to surround yourself with people better than you and you will always be alright.” - Maggie Browning Connect with Maggie Browning: Burn Boot CampBurn Boot Camp on LinkedInBurn Boot Camp Fishers, IN on InstagramBurn Boot Camp Zionsville, IN on InstagramMaggie Browning on LinkedIn About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: Certain links above are to third-party sites and are not affiliated with SYM Financial Corporation (“SYM”). SYM is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about SYM including our investment strategies, fees and objectives can be found in our ADV Part 2, which is available upon request.

Reid Arnold is the owner of Arnold Mechanical LLC. Reid began his journey in the HVAC industry at the young age of 10 in his family’s small heating and air company. He became more involved in the family business and learned more about the trade as he got older until, at age 21, he started a career in law enforcement. In 2021, Reid left the police department and began providing heating, remodeling, electrical, and plumbing services before focusing his work on HVAC and founding Arnold Mechanical. Reid joins me today to share what it takes to grow a one-man HVAC and home maintenance company. He describes what it was like to leave the family business, get into law enforcement, and later start his own small business. He explains why he decided to niche down to HVAC after years of providing heating, remodeling, electrical, and plumbing services. Reid also reveals how he’s grown his small business without advertising and underscores the importance of taking the time to improve your skills and understand your trade. “Be willing to take the time to familiarize yourself with whatever line of work you do. Put in the time to make yourself better and you’ll be unstoppable.” - Reid Arnold This week on The Owner’s Corner: Resources Mentioned: Neighborlink Our Favorite Quotes: “If you’re doing no advertising or the like, getting people’s trust is invaluable. Taking the time to explain things to people with honesty goes so far.” - Reid Arnold “For people starting a business, everybody sees the successes—but sometimes there’s more failures than successes.” - Seth Whicker“You can have the greatest idea in the world, but if you can't have cash flow, it’s never going to work.” - Seth Whicker Connect with Reid Arnold: Arnold Mechanical LLC on Facebook About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time sensitive matters should not be sent to SYM via email. Internet communications cannot be guaranteed to be secure or error-free as information may arrive later than intended, be intercepted, be corrupted, or contain viruses. This material is not an offer or solicitation to buy or sell any product. The opinions expressed herein are those of SYM and are subject to change without notice. To the extent that performance information is contained in this email, past performance is not indicative of future results. SYM is an independent registered investment adviser. More information about SYM including our investment strategies, fees and objectives can be found in our Form ADV Part 2, which is available upon request.

In this episode of the Owner's Corner podcast, host Seth Whicker, a certified financial planner, stresses the importance of having a Buy-Sell agreement for any business owner. He explains that while a robust estate plan covers some aspects, a Buy-Sell agreement outlines how other people may become owners within the company, how shares will be valued and transferred, and what will happen to shares in the event of a shareholder's death or disability. The agreement also ensures the continuation of the business and outlines a plan for the interim period when the founder is no longer there to run the company. Seth recommends reviewing the agreement annually and ensuring continuity between the Buy-Sell agreement and estate plan. "A Buy-Sell agreement helps dictate how other people can become owners in the company, whether family members, employees, or potential buyers." - Seth Whicker This week on The Owner’s Corner: Our Favorite Quotes: About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time sensitive matters should not be sent to SYM via email. Internet communications cannot be guaranteed to be secure or error-free as information may arrive later than intended, be intercepted, be corrupted, or contain viruses. This material is not an offer or solicitation to buy or sell any product. The opinions expressed herein are those of SYM and are subject to change without notice. To the extent that performance information is contained in this email, past performance is not indicative of future results. SYM is an independent registered investment adviser. More information about SYM including our investment strategies, fees and objectives can be found in our Form ADV Part 2, which is available upon request.

Jill Young is the Head Coach and Expert EOS Implementer at EOS Worldwide. Having been an EOS implementer since 2014, Jill has implemented the Entrepreneurial Operating System with over 80 companies and has held over 900 EOS consultations with entrepreneurs. She formerly managed the growth and health of Williams & Company CPAs as its President. She is the author of The Advantage book series, which includes The Courage Advantage, The Learning Advantage, and The Thinking Advantage. She holds a Bachelor’s degree in Psychology from Weber State University and a Master of Business Administration degree from the University of Phoenix. Jill joins me today to discuss the core principles of the Entrepreneurial Operating System and why business owners should consider implementing them. She explains the importance and difficulty of enacting change in leadership teams. She outlines how implementing EOS tools can help employees connect with an organization’s vision and build discipline and accountability. She describes what it looks like when an employee is aligned with a company’s core values and is assigned to the right role. Jill also underscores why it’s a gift to the entire company when an organization takes the time to hire around their core values and highlights why willingness to grow is critical to successfully implementing EOS. “At the core of a company that attracts great talent is a leadership team tightly aligned with vision, discipline, and accountability.” - Jill Young This week on The Owner’s Corner: Traction Resources Mentioned: Traction: Get a Grip on Your Business The Five Dysfunctions of a Team: A Leadership FableThe People Analyzer Our Favorite Quotes: “Find the right people to supplement what you’re not good at and design your leadership teams to be complementary to each other.” - Seth Whicker“You’ll find that when you hire around your company’s core values, employee turnovers drop down to nothing.” - Seth Whicker“The Entrepreneurial Operating System is a way to manage all the human energy within your company—it’s a set of tools you can use in your company at specific times throughout the year.” - Jill Young Connect with Jill Young: Jill Young WebsiteEOS Worldwide The Courage Advantage: 3 Mindsets Your Team Needs to Cultivate Fierce Discipline, Incredible Fun, and a Culture of Experimentation The Earning Advantage: 8 Tools You Need to Get Paid the Money You Want The Thinking Advantage: 4 Essential Steps Your Team Needs to Cultivate Collaboration, Leverage Creative Problem-Solving, and Enjoy Exponential GrowthEOS Worldwide on LinkedInEOS Worldwide on InstagramEOS Worldwide on FacebookEOS Worldwide on TwitterEOS Worldwide on YouTubeJill Young on LinkedInJill Young on Twitter About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”)...

Denny and Kim Fuller are the former owners of Little Crow Foods, a food company established in 1903. Denny and Kim became the fourth-generation owners of Little Crow Foods after acquiring it in 1983 and managed its operations until the company’s exit from the food industry in 2012. They have been volunteering their time and entrepreneurial skills to the Humanity and Hope United Foundation following the sale of Little Crow Foods. Founded by Denny and Kim’s son, Riley Fuller, the Humanity and Hope United Foundation is a nonprofit organization dedicated to creating sustainable change in underserved communities in Honduras. Denny and Kim join me today to share the lessons they’ve learned from managing Little Crow Foods for over 29 years. They discuss what it was like for Denny to transition from working in a large company to running a small, family-owned business like Little Crow Foods. They explain how they prepared to sell Little Crow Foods and what their life was like after exiting the business. They also highlight the importance of succession and exit planning and describe how the Humanity and Hope United Foundation has made an impact in the Honduran communities they serve. “Hope is the fuel for sustainable change.” - Denny Fuller This week on The Owner’s Corner: Our Favorite Quotes: “When you're in the food industry you get a lot of challenges—from marketing to regulations.” - Seth Whicker“Always have a plan in place. You hope you never have to use it, but if you do you’ll know you’ve got one in place to protect you—especially when your wealth is wrapped around your business.” - Seth Whicker“We had the rule that we wouldn’t talk about business when we’re at home. When we were at home, we were at home, and I’m glad we had that rule.” - Kim Fuller Connect with Humanity and Hope United: Humanity and Hope UnitedHumanity and Hope United on LinkedIn About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time sensitive matters should not be sent to SYM via email. Internet communications cannot be guaranteed to be secure or error-free as information may arrive later than intended, be intercepted, be corrupted, or contain viruses. This material is not an offer or solicitation to buy or sell any product. The opinions expressed herein are those of SYM and are subject to change without notice. To the extent that performance information is contained in this email, past performance is not indicative of future results. SYM is an independent registered investment adviser. More information about SYM including our investment strategies, fees and objectives can be found in our Form ADV Part 2, which is available upon...

Melissa J. Bradberry, CPA, is a Director at Baden Gage & Schroeder LLC, one of the largest certified public accounting and business consulting firms in Indiana. With over 18 years of professional tax experience, Melissa has extensive industry knowledge with clients involved in medical industries, manufacturing and service industries, and financial institutions. Melissa joined the firm in 2018 as a tax manager, a role where she was responsible for individual and business clients. She received her Bachelor of Science degree in Accounting and Master of Business Administration degree from Arkansas State University. Melissa joins me today to share advice for dentists, physicians, and other medical professionals who have their own practice. She explains why medical practice owners must understand their year-end performance in comparison to the last five years. She discusses the different types of entities that could be set up in a medical practice. Melissa also highlights why owners should enlist the help of advisors when exiting their business and suggests other professionals practice owners should work with alongside their accountants. “Remember: you’re the business owner, not just the physician, not just the dentist. It’s important to understand what your revenue is doing and where your expenses are going.” - Melissa Bradbury This week on The Owner’s Corner: Our Favorite Quotes: “When you’re selling a business, the money you spend to get a proper valuation done is always money well spent.” - Seth Whicker“The pandemic had a lot of medical professionals look at things differently, like having a cushion of funds and emergency funds.” - Seth Whicker“Your revenue is your lifeline—you have to always monitor it.” - Melissa Bradberry Connect with Melissa Bradberry: Baden Gage & Schroeder LLCBaden Gage & Schroeder LLC on LinkedIn About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time sensitive matters should not be sent to SYM via email. Internet communications cannot be guaranteed to be secure or error-free as information may arrive later than intended, be intercepted, be corrupted, or contain viruses. This material is not an offer or solicitation to buy or sell any product. The opinions expressed herein are those of SYM and are subject to change without notice. To the extent that performance information is contained in this email, past performance is not indicative of future results. SYM is an independent registered investment adviser. More information about SYM including our investment strategies, fees and objectives can be found in our Form ADV Part 2, which is available upon request.

In this week's episode of the Owner’s Corner Podcast, host Seth Wicker is joined by Melissa Bradberry, aCertified Public Accountant, to discuss the different methods of selling a business. The two dive into the differences between a stock sale and an asset sale and why it matters for both the buyer and the seller. From tax implications to legalities, the duo covers the importance of understanding the terms and the key negotiations that can be made to bridge the gap between a stock sale and an asset sale. With insights into special tax elections and the potential tax burden on either side, this episode is a must-listen for anyone considering selling their business. On this episode I am joined by Melissa J. Bradberry, CPA, a Director at Baden Gage & Schroeder LLC, one of the largest certified public accounting and business consulting firms in Indiana. With over 18 years of professional tax experience, Melissa has extensive industry knowledge with clients involved in medical industries, manufacturing and service industries, and financial institutions. Melissa joined the firm in 2018 as a tax manager, a role where she was responsible for individual and business clients. She received her Bachelor of Science degree in Accounting and Master of Business Administration degree from Arkansas State University. "It's pretty simple. If you're the seller and you want to do a stock sale but the buyer wants to do an asset sale, come somewhere in the middle with some special tax negotiation or election to bridge that gap.” Seth Whicker This week on The Owner’s Corner: There are two main methods to sell a business, stock sale and asset sale.The choice between stock sale or asset sale is driven by taxation and legality.A stock sale is preferable for the seller as it results in reduced tax rates for capital gains.An asset sale is preferable for the buyer as it allows for accelerated depreciation and step up in basis.Negotiations between the buyer and the seller can be made to bridge the gap and make a deal, potentially with the use of special tax elections and additional cash changing hands. Our Favorite Quotes: Connect with Melissa Bradberry: Baden Gage & Schroeder LLCBaden Gage & Schroeder LLC on LinkedIn About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time sensitive matters should not be sent to SYM via email. Internet communications cannot be guaranteed to be secure or error-free as information may arrive later than intended, be intercepted, be corrupted, or contain viruses. This material is not an offer or solicitation to buy or sell any product. The opinions expressed herein are those of SYM and are subject...

Scott Tucker is a board member and the Co-President of Maple Leaf Farms, a multi-generational family-owned company and America’s leading producer of quality duck products. A third-generation family member, Scott began working in the company as a teenager. Today, as Co-President, he leads operations, quality assurance, live production, distribution, and the National Duck Council. He holds a Bachelor of Science degree in Management from Purdue University and a Master of Business Administration degree from the University of Wisconsin-Madison. Zachary Tucker is the Retention and Efficiency Manager of Maple Leaf Farms and a fourth-generation family member. Zach has been working for over ten years at Maple Leaf Farms, where he began as a special projects coordinator in the company’s live production department. He graduated with a degree in Animal Agribusiness from Purdue University, where he is currently pursuing a Master’s in Agricultural Economics. Scott and Zach join me today to discuss the dynamics of running a family business. They describe the history of Maple Leaf Farms and how they have grown into one of the primary duck breeders in the world. They explain how Maple Leaf Farms is addressing labor shortages in the duck industry through automation and investment in apprenticeship programs. They also highlight the value of innovation and underscore the challenges and benefits of running a family business. “When it comes to a family business, you have to be good stewards of the business first—otherwise, the business will not be there to take care of the family.” - Zach Tucker This week on The Owner’s Corner: Our Favorite Quotes: “Running a family business isn’t just an 8 to 5 job. You need to have the support of the family and understand that you’re all in this together.” - Seth Whicker“In poultry—and in agriculture, in general—you’ll have to constantly reinvest in things like new technology.” - Zach Tucker“Evolution is about innovation. Look at the core problems and obstacles of growing your business and innovate to move past them.” - Scott Tucker Connect with Scott Tucker: Scott Tucker on LinkedIn Connect with Zach Tucker: Zachary Tucker on LinkedIn Connect with Maple Leaf Farms: Maple Leaf Farms WebsiteMaple Leaf Farms on LinkedinMaple Leaf Farms on FacebookMaple Leaf Farms on InstagramMaple Leaf Farms on TwitterMaple Leaf Farms on YouTube About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time sensitive matters should not be sent to SYM via email. Internet communications cannot be guaranteed to be secure or error-free as information may arrive later than intended, be intercepted, be...

Jeff Taner is a certified public accountant and Managing Partner of DWD CPAs & Advisors, a firm that offers tailored assurance, tax, and accounting services for businesses, individuals, and nonprofit organizations. Jeff has been serving DWD CPAs & Advisors for over 40 years. After graduating from Indiana University at Fort Wayne with a degree in Business Accounting, Jeff began his career in the company in 1982 and became a partner in 1996. In 2009, Jeff began his role as the Managing Partner for the company. He is a member of the American Institute of Certified Public Accountants and the Employee Benefit Plan Audit Quality Center. Jeff joins us today to discuss taxation for different business organizations. He shares his background and explains why he decided to pursue a career as a certified public accountant. He differentiates S corporations from C corporations and outlines the benefits and challenges of such business structures. He describes the process of liquidating S and C corporations and offers advice to business owners who want to transition their business to family members. Jeff also shares his thoughts on setting up a business partnership and underscores what business owners should consider when making the switch between S and C corporations “An LLC is like a chameleon: it can be taxed as about anything—a sole proprietorship, an S corporation, a partnership, and even as a C corporation.” - Jeff Taner This week on The Owner’s Corner: Our Favorite Quotes: “For the S corp, the profits that are distributed show up on the K-1 and that’s where you pay your taxes.” - Seth Whicker“Don’t spend your money just to reduce your tax bill. It will probably not work out to your advantage when you look at the net cash that’s left over when it’s all said and done.” - Jeff Taner“One of the biggest advantages you can get with health savings accounts is the tripled tax benefits.” - Seth Whicker Connect with Patrick Galvin: DWD CPAs & Advisors DWD CPAs & Advisors on LinkedInPatrick Galvin on LinkedIn About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time sensitive matters should not be sent to SYM via email. Internet communications cannot be guaranteed to be secure or error-free as information may arrive later than intended, be intercepted, be corrupted, or contain viruses. This material is not an offer or solicitation to buy or sell any product. The opinions expressed herein are those of SYM and are subject to change without notice. To the extent that performance information is contained in this email, past performance is not indicative of future results. SYM is an independent registered investment...

Tom Ackmann is a principal and senior retirement plan advisor at SYM Financial Advisors, an RIA firm with a long history of serving plan sponsors and their employees. He previously worked as the Vice President of Baden Retirement Plan Services and the Vice President for Ascensus. At SYM, Tom leads a team that advises over 100 corporate clients and 10,000 participants. Tom holds a degree in Communications/Political Science from Concordia University Chicago. Tom joins me today to discuss retirement plans and how to find the right one for your company. He explains which plans offer flexibility and outlines their components. He also highlights why business owners should consider offering retirement plans to employees and underscores the value of working with advisors to work out retirement plans. “Understand that as your business evolves, your retirement plan evolves, too.” - Tom Ackmann This week on Originators: Our Favorite Quotes: “The eighth wonder of the world is compounding money.” - Seth Whicker“Even though you’re young, you want to retire someday. To do that, you’ve got to rely on yourself by saving early and often.” - Seth Whicker“You don’t make a profit off of the 401(k) plan. What you’re making is goodwill for your employees and, if it’s designed properly, goodwill for yourself.” - Tom Ackmann Connect with Tom Ackmann: SYM Financial Advisors SYM Financial Advisors on LinkedInSYM Financial Advisors on FacebookTom Ackmann on LinkedIn About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time sensitive matters should not be sent to SYM via email. Internet communications cannot be guaranteed to be secure or error-free as information may arrive later than intended, be intercepted, be corrupted, or contain viruses. This material is not an offer or solicitation to buy or sell any product. The opinions expressed herein are those of SYM and are subject to change without notice. To the extent that performance information is contained in this email, past performance is not indicative of future results. SYM is an independent registered investment adviser. More information about SYM including our investment strategies, fees and objectives can be found in our Form ADV Part 2, which is available upon request.

Luke Schroeder is the Owner of Starting Strength Cincinnati. After graduating with a Bachelor’s degree in Management from Purdue University, Luke worked in leadership positions across several industries, including aerospace and manufacturing. These positions include serving as the Plant Manager of Red Spot Paint, the Manufacturing Manager of Zimmer Biomet, the Senior Operations Manager of NuVasive, and the Director of Operations at Bullen Ultrasonics. Luke joins us today to discuss what it takes for a company to successfully navigate uncertainty. He shares his background and his journey to becoming the owner of Starting Strength Cincinnati. He reveals what made him leave the corporate world to own a business and enumerates the advantages of working with a franchise to launch a business. Luke also highlights the role of communication in any company and underscores what his previous work experiences taught him about running his own business. “The leaders who were bold enough to stand up and define what the company was facing, articulate a vision for how to get through it, and lead from the front were the leaders that got us through uncertainty.” - Luke Schroeder This week on The Owner’s Corner: Resources Mentioned: Starting Strength: Basic Barbell Training Extreme Ownership: How U.S. Navy SEALs Lead and Win 12 Rules for Life: An Antidote to Chaos The Five Dysfunctions of a Team: A Leadership Role Our Favorite Quotes: “What makes a lot of business owners successful is their passion behind what they’re doing, and turning that passion into a business.” - Seth Whicker“When times are the toughest, our people look at us and how we’re responding, and they respond accordingly—they’re guided by your every move as a leader.” - Seth Whicker“We all emulate the leaders who inspired us.” - Luke Schroeder Connect with Luke Schroeder: Starting Strength CincinnatiStarting Strength Cincinnati on Instagram Starting Strength Cincinnati on FacebookStarting Strength Cincinnati on TwitterLuke Schroeder on LinkedIn About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time sensitive matters should not be sent to SYM via email. Internet communications cannot be guaranteed to be secure or error-free as information may arrive later than intended, be intercepted, be corrupted, or contain viruses. This material is not an offer or solicitation to buy or sell any product. The opinions expressed herein are those of SYM and are subject to change without notice. To the extent that performance information is contained in this email, past performance is not indicative of future results. SYM is an independent registered investment adviser. More...

Randy Strebig is the Founder and Owner of Strebig Construction, a construction firm in Fort Wayne, Indiana. When Randy founded the company in 1980, he focused the firm’s efforts on residential modeling, roofing, and concrete flatwork. Over the last 40 years, Strebig Construction has been expanding and evolving into a dominant force in commercial, industrial, and design/build projects. Randy and the Strebig Construction team are dedicated to taking a customer’s idea from inception to reality using creative imagination and value-based packages that deliver results. Randy joins us today to discuss the foundations that make a successful construction company. He shares how his childhood shaped his work ethic and creativity and discusses the importance of trade schools. He explains how Covid-19 impacted Strebig Construction and outlines how he avoided laying off his team amid the pandemic. He also highlights the value of employing business advisors and consultants and underscores why business owners need to keep an eye on market trends. “Serve with your heart and exceed peoples’ expectations.” - Randy Strebig This week on The Owner’s Corner: Our Favorite Quotes: “Many get into business because they had a passion that led them to that business. They weren’t doing it to taste money, but because they loved it.” - Seth Whicker“Business owners’ time and energy get so wrapped around in their business that their personal lives get neglected, but business and personal life are not independent of each other.” - Seth Whicker“In the face of adversity, keep making decisions. Don’t wait and stall for something to take effect—you need to be the effector every day.” - Randy Strebig Connect with Randy Strebig: Strebig ConstructionStrebig Construction on Facebook About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time sensitive matters should not be sent to SYM via email. Internet communications cannot be guaranteed to be secure or error-free as information may arrive later than intended, be intercepted, be corrupted, or contain viruses. This material is not an offer or solicitation to buy or sell any product. The opinions expressed herein are those of SYM and are subject to change without notice. To the extent that performance information is contained in this email, past performance is not indicative of future results. SYM is an independent registered investment adviser. More information about SYM including our investment strategies, fees and objectives can be found in our Form ADV Part 2, which is available upon request.

Over the last 30 years, Doug Conner has been buying and selling lower-to-middle-market businesses in the Midwest. During this time, he has also worked as the Managing Director at Periculum Capital Company and the Principal at BrightPath Capital and Cardinal Ventures. Doug holds a Bachelor’s degree in Economics and Mathematics from DePauw University and received his Master of Business Administration degree from Harvard Business School. Alex Shortle has spent the bulk of his career supporting growth stage and lower-to-middle-market companies through the various inflection points of the corporate cycle. He has executed merger and acquisition advisory, private placement, and turnaround engagements, and helped launch the venture capital firm, Meridian Capital, where he also served as the Principal. In 2019, Alex served as the Vice President of Periculum Capital Company before co-founding EO Advisors. Doug and Alex join me today to discuss what business owners should consider when selling their businesses. They outline the process of searching for an ideal business buyer and describe the perfect time for an owner to sell their company. They describe the current changes and trends in the mergers and acquisitions market. They also highlight the role of patience in selling a business amid uncertain times and underscore the value of hiring advisors and consultants when selling a company. “Maximize your value, but that shouldn’t be the only consideration. You also want to optimize outcomes: find the ideal partner who will take care of your stakeholders and employees.” - Alex Shortle “Put your foot on the accelerator and figure out how you can sell your business with momentum.” - Doug Connor This week on The Owner’s Corner: Our Favorite Quotes: “Private equity opportunities are being presented to dentists, orthodontics, and oral surgeons, for whom the financing side can be overwhelming if they’ve not been through it.” - Seth Whicker“Investment bankers help someone sell or buy businesses; private equity firms buy companies, hold on to them, then flip them over for profit.” - Seth Whicker“Every company is different; every deal is different. Seeing the ups and downs of the market is an invaluable experience, and it’s important to have an advisor who can help you deal with those nuances.” - Alex Shortle Connect with EO Advisors: EO AdvisorsEO Advisors on LinkedIn Connect with Doug Conner: Doug Conner on LinkedIn Connect with Alex Shortle: Alex Shortle on LinkedIn About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time sensitive matters should not be sent to SYM via email. Internet communications cannot be...

Dr. Al Grossnickle is the owner of Strategic Venture Partners LLC, a consulting company that helps entrepreneurs grow their businesses. For over a decade, Al worked as an Associate Professor of Business at Grace College, where he was also the Director of the William P. Gordon Institute. At the University of Saint Francis, Al served as the Assistant Professor of Entrepreneurship and Director of the Entrepreneurial Leadership Program. He had also served as the President, CEO, and Corporation Founder of Miller’s Health Systems for eight years before he embarked on his academic career in 2006. Al draws from his extensive experience in the academic and business worlds to guide his clients through today’s complex markets and the ever-changing world. Al joins me today to share his insights on weathering the complex business climate amidst the pandemic. He shares his career journey and explains how he uses his experiences to help other entrepreneurs grow their businesses. He shares his advice on mitigating turnover and attrition rates among Boomer employees and healthcare workers. He also highlights the importance of surrounding yourself with people smarter than you and underscores the power of keeping a sustainable competitive advantage. “The dynamics of business are rapidly changing today. Listening and humility have become more important for CEOs.” - Al Grossnickle This week on The Owner’s Corner: Our Favorite Quotes: “Running a business is a labor of love, but outsourcing can help you spend more time on parts of the business that are most productive.” - Seth Whicker“There is an economic incentive to getting the balance back between supply and demand. The key is knowing how long it takes to get there.” - Seth Whicker“The definition of business and profit is to maximize shareholder wealth; otherwise, companies will stop reinvesting.” - Al Grossnickle Connect with Al Grossnickle: Strategic Venture PartnersAl Grossnickle on LinkedIn About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Music / Audible Stitcher And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time sensitive matters should not be sent to SYM via email. Internet communications cannot be guaranteed to be secure or error-free as information may arrive later than intended, be intercepted, be corrupted, or contain viruses. This material is not an offer or solicitation to buy or sell any product. The opinions expressed herein are those of SYM and are subject to change without notice. To the extent that performance information is contained in this email, past performance is not indicative of future results. SYM is an independent registered investment adviser. More information about SYM including our investment...

Dr. Matt Eckert has been practicing dentistry for the past 28 years. Together with his business partner Ryan Hart, Matt operates Downtown Dental, a practice honored by his long-term patients. Matt completed his undergraduate degree from Ball State University and completed his Doctorate of Dental Surgery degree at the Indiana University School of Dentistry. He is a member of several professional organizations, including the American Dental Association, the Isaac Knapp District Dental Society, and Andrews Lions Club. Matt joins me today to share his insights on running a dental practice in Huntington, Indiana. He discusses why he pivoted from studying architecture to dentistry and explains why he decided to start his practice in his hometown. He shares his advice on getting a business partner, managing a dental practice’s finances, and prioritizing family over work. He also highlights the power of serving a community and underscores the importance of working with a financial advisor as soon as you can in your career. “Dentistry was easy; the business part was a lesson learned by trial and error.” - Dr. Matt Eckert This week on The Owner’s Corner: Our Favorite Quotes: “You can have the best idea in the world, but if you can’t make your finances work, you’ll quickly run out of business.” - Seth Whicker“Dentistry is the easy part; running a business is the fun part.” - Dr. Matt Eckert“In your day to day grind, it’s easy to forget to let your staff know how much they’re appreciated.” - Seth Whicker Connect with Dr. Matt Eckert: Downtown Dental HuntingtonDowntown Dental Huntington on Facebook About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcast Spotify Google Podcasts Stitcher Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution, or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time-sensitive matters should not be sent to SYM via email. Internet communications cannot be guaranteed to be secure or error-free as information may arrive later than intended, be intercepted, be corrupted, or contain viruses. This material is not an offer or solicitation to buy or sell any product. The opinions expressed herein are those of SYM and are subject to change without notice. To the extent that performance information is contained in this email, past performance is not indicative of future results. SYM is an independent registered investment adviser. More information about SYM including our investment strategies, fees, and objectives can be found in our Form ADV Part 2, which is available upon request.

John Barce is the Owner and Partner at Barrett McNagny LLP, one of the oldest law partnerships in Indiana. John is a premier business attorney who focuses his practice on business transactions, federal & state taxation, and estate & business planning. He completed his JD at the Indiana University School of Law, where he graduated with Latin honors. Since 2016, John has been recognized and listed in the Best Lawyers of America publication. He is also a member of the Indiana State Bar Association, as well as the Allen County Bar Association. John joins me today to discuss why business owners should have a solid succession plan as part of their business strategy. He shares the different legal entities a business can register as and explains what makes C-corporations different from S-corporations. He discusses what a “band-aid” approach to succession planning is and how it can lead to expensive business litigation. He also highlights why he approves of using valuation experts and shares his advice on making the succession, exit, and selling processes seamless. “Succession planning is a process you wouldn’t want to wait on.” - John Barce This week on The Owner’s Corner: Our Favorite Quotes: “Business partners have got to plan from the beginning how they’ll separate if they have to.” - John Barce“While you’re in that honeymoon phase of being excited, that’s a great time to address how you’ll get issues settled down the road.” - Seth Whicker“Don’t necessarily expect that you want to go and sell your business today and you’re going to walk away. They may want you to stick around for 2-5 years.” - Seth Whicker Connect with John Barce: Barrett McNagnyBarrett Law on LinkedInJohn Barce on LinkedIn About SYM Financial and The Owner’s Corner Podcast The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. Follow Seth on LinkedIn Follow SYM Financial on Facebook Subscribe here: Apple Podcast Spotify Google Podcasts Stitcher Audible And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast. Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or action, such as trade requests or other time sensitive matters should not be sent to SYM via email. Internet communications cannot be guaranteed to be secure or error-free as information may arrive later than intended, be intercepted, be corrupted, or contain viruses. This material is not an offer or solicitation to buy or sell any product. The opinions expressed herein are those of SYM and are subject to change without notice. To the extent that performance information is contained in this email, past performance is not indicative of future results. SYM is an independent registered investment adviser. More information about SYM including our investment strategies, fees and objectives can be found in our Form ADV Part 2, which is available upon request.