In this episode of Tycoons of Small Biz, hosts Austin Peterson and Landon Mance discuss the critical topic of burnout among entrepreneurs. With their combined experiences as business owners, investors, and operators, they delve into the causes, consequences, and preventive measures of burnout. They emphasize the importance of mental health and outline strategies to maintain balance, such as scheduling breaks, seeking therapy, setting emotional boundaries, and engaging in stress-relieving activities. The episode also highlights the financial aspect of burnout, discussing how lifestyle creep and poor financial planning can exacerbate stress. The hosts aim to provide actionable insights to help entrepreneurs protect their mental energy and build sustainable businesses. The episode concludes with a call to action for listeners to assess their mental well-being and adopt one new habit to safeguard their mindset.

Download the Mental Health Self-Assessment at www.backboneplanning.com/resources

03:27 The Importance of Burnout Awareness

05:53 Personal Experiences with Burnout

15:15 Financial Strategies to Combat Burnout

24:18 Tools and Tips for Mental Recovery

Strategic Debt: Power Move or Pitfall? 💥

Most business owners hear the word “debt” and immediately cringe… but what if we told you it can actually be a smart tool to grow your business?

In this episode of Tycoons of Small Biz, we break down:

✅ The difference between good debt, bad debt, and flat-out stupid debt

✅ How to scale without selling your soul (or your equity)

✅ Why your cash flow forecast should be your new BFF

✅ Real talk about using debt to fuel growth—not just put out fires

If you're still treating debt like a dirty word, this convo will change your mind—and maybe your bottom line. 💼💸

📌 Pro tip: Download our Strategic Debt Planning Guide: backboneplanning.com/resources

In this episode of 'Tycoons of Small Biz,' hosts Austin Peterson and Landon Mance discuss the critical journey from building business growth to achieving liquidity for small business owners.

The episode focuses on the significance of treating a business as part of a comprehensive financial plan, ensuring business owners achieve financial independence outside the business.

Key topics include the importance of building transferable value, effective strategies for reinvestment, and diversified wealth management. The hosts also outline various exit and liquidity options such as internal transitions, partner buyouts, and third-party sales. They emphasize the need for systematic planning to create a business that can sustain and grow with minimal dependence on the owner, thereby increasing its overall market value.

The episode concludes with actionable steps for integrating business value into personal wealth planning.

03:02 Today's Topic: From Growth to Liquidity

03:21 The Financial Plan for Business Owners

04:21 Excitement for the Episode

05:30 Challenges in Business Strategy

12:48 Building Transferable Value

22:29 Paths to Liquidity

25:04 Third Party Sales and Business Value

28:22 Integrating Business Value into Personal Wealth