Dec. 18, 2024

E262: How a Chess Master Builds $2 Billion Strategies to Outwit Business Uncertainty

E262: How a Chess Master Builds $2 Billion Strategies to Outwit Business Uncertainty

Watch Here: https://youtu.be/owySFEZPvyI

About the Guest(s): 
Dennis Stearns is the founder of Stearns Financial Group and a renowned expert in wealth management and strategic advising for business owners. With a background as a master chess player...

Watch Here: https://youtu.be/owySFEZPvyI

About the Guest(s): 
Dennis Stearns is the founder of Stearns Financial Group and a renowned expert in wealth management and strategic advising for business owners. With a background as a master chess player and financial strategist, Dennis brings a unique perspective of strategic planning to the realms of business management and economic forecasting. He has worked with hundreds of business owners, helping them navigate complex financial landscapes and leverage their assets for optimal growth and exit strategies.

Summary:
In this episode of the How2Exit Podcast, Ronald Skelton interviews Dennis Stearns, a financial management expert and master chess player, who shares strategies for navigating economic uncertainties and building competitive "moats" to protect businesses. Dennis discusses the impact of the new administration, the role of augmented intelligence, and the importance of integrating personal financial planning with business strategy.

Key Takeaways:

  • Dennis Stearns emphasizes the importance of creating a "moat" for competitive advantage in business, ensuring sustainability even during economic shifts.
  • The role of augmented intelligence is highlighted as a significant factor in gaining a competitive edge, paralleling new technological advancements with strategic business planning.
  • Dennis provides insights into potential economic disruptions due to government changes, advising business owners to adopt a robust personal financial plan alongside business strategies.
  • The episode offers a realistic view on market valuation and potential corrections, with strategic pointers for business owners to safeguard their interests.
  • The discussion includes the personal motivations behind retirement and exit planning and the psychological and financial preparations necessary for a smooth transition.

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Contact Dennis on
Linkedin: https://www.linkedin.com/in/dennis-stearns-727894/
Website: https://stearnsfinancial.com/
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▶️Previous Episode: E261: Want to Know How to Dominate Negotiations? Master Negotiation Secrets: Unlock Deals Like a Pro - https://youtu.be/Ds4gV3xUnmw

▶️E135: Sam Rosati On His Journey From Being A Lawyer To Becoming An Entrepreneur In The ETA Space - https://youtu.be/D2qJOidptRA

▶️E100: CEO Of Flippa Blake Hutchison Discusses Innovations In Buying And Selling Digital Assets - https://youtu.be/R1D5guQU9Z0

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Dennis Stearns Profile Photo

Dennis Stearns

Author, Financial Planner and Business Consultant

Dennis is the founder of Stearns Financial Group (www.StearnsFinancial.com ) and is nationally recognized for complex ultra-high net worth financial planning and the effect of Super Trends on clients’ investments, businesses/careers and the economy. He is the author of several books and is regularly quoted in major publications including the Wall Street Journal, NY Times, TheStreet.com, Kiplinger Finance, Financial Planning magazine and the Journal of Financial Planning.
The Financial Planning Association calls Dennis “one of the leading financial scenario experts and futurists.” Dennis has been named Entrepreneur of the Year (Business Leader magazine), Most Admired CEO (Triad Business Journal) and Small Business Advocate (Greensboro Chamber).
He is a featured speaker at many regional and national conferences and economic events and regularly leads and participates in think tanks on financial planning and investment topics. Dennis is also often asked to provide “best practices” workshops for financial advisors and planners.
Dennis serves on the advisory board of the North Carolina Technology Association and is a partner in Triad Growth Partners, a CleanTech Venture Studio focused on water remediation and PFAS technologies.
He has been awarded three national community awards and TDAmeritrade’s Community Heroes award.
Dennis is a chess master and played on one of the winningest Pan-American chess teams in U.S. history. He has coached an inner-city chess club and played simultaneous chess exhibitions with up to 35 people at one time to raise monies for chil… Read More