Have you ever considered that you could drive greater profitability in your business through policies and procedures? Think about it... Your company's governing documents such as the employee handbook, compliance manual, or company policy are meant to communicate policies and contingencies that can reduce risk and drive efficiency.

In today's episode, I'm going to discuss these important documents. As I do, I will explain which documents you should have in your business, and what types of information goes into each one. Finally, I will explain how well-kept governing documents can help you become more profitable and propel you toward the eight-figure exit.

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TOPICS DISCUSSED:
(0:57) What are the governing documents for an RIA?
(3:34) How does a document written by an attorney impact your eight-figure exit?
(6:40) Intrinsic value
(7:50) Gaining efficiency by enforcing policies and procedures
(10:33) What happens if you don't set the expectation?
(11:12) Strategies to drive compliance to your governing documents
(16:34) Do you have faith in processes to handle regulatory change management?
(17:25) Don't simply put these documents on the shelf

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Work with the Financially Simple team: https://financiallysimple.com/work-wi...

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BIO:
Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. Multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute’s Exit Planner Leader of the Year.

DISCLOSURES:
Thank you for joining us today. We hope you found encouragement, inspiration, and valuable insights as you pursue your vision and dreams. The greatest appreciation we could receive is if you share this episode with a fellow business owner. Remember, The Justin Goodbread Show is a Financially Simple production, meant for educational and entertainment purposes. For personalized advice, please consult your professional advisors.

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