Pat Mancuso is the CEO of Mancuso Consulting Group and a highly recognized thought leader dedicated to helping CEOs, business owners, and entrepreneurs maximize their potential through coaching and consulting. Having spent over 30 years working with company owners, leaders, and sales teams, Pat has over 25,000 hours of coaching and consulting experience. As a serial entrepreneur who has launched multiple successful companies, Pat understands how to sustainably scale a business. He helps businesses improve their leadership and performance through a proprietary system, RSTMM® — Recruit, Select, Train, Manage, and Motivate, which enables companies to select, train, manage, and motivate the right people in the right positions.

Many entrepreneurs launch their businesses with the end goal of creating wealth and gaining financial freedom. Generating wealth from your business requires strategic planning and calculated operational management. What strategies can you leverage to propel yourself and your business to freedom?

Five business builders in various disciplines have created proprietary methods for scaling your company to the next level. B2B podcaster Dr. Jeremy Weisz maintains that by creating a comprehensive referral partner list, reaching out to them, and producing a podcast and other content with them, you can generate substantial ROI. When requesting capital or a business loan, Marc Cove suggests building prior relationships with bankers so you can remain top of mind, while Ryan Deiss highlights setting aside funds to pay taxes and other expenses to maintain long-term sustainability. Business consultant Pat Mancuso emphasizes the importance of conducting due diligence on your future business partners, ensuring skill compatibility and goal alignment. Real estate professional Chris Prefontaine says that the real estate market is ripe for investing, so he recommends developing strategies that can adapt to a changing market.

In this special episode of Destination Business Freedom, Pat Mancuso reflects on his most notable podcast episodes. Featuring memorable guests like Ryan Deiss and Chris Prefontaine, these professionals delve into cash flow management, navigating relationships with bankers and business partners, and preparing your business for market fluctuations.

Grant Teeple is the Founder and Senior Partner of Teeple Hall, LLP, a full-service commercial law firm. He oversees the firm’s Litigation Group and participates in the Corporate & Transactional Group’s Mergers & Acquisitions Practice Area. Before founding Teeple Hall in 1992, Grant worked as a civil litigation defense attorney and has litigated complex, multi-jurisdictional matters in business litigation, intellectual property disputes, fraud cases, real property disputes, and entitlement matters. He has also handled numerous acquisitions and company sales in sell-side and buy-side transactions exceeding $100 million.

As business owners engage in M&A transactions, a crucial piece of legislation threatens steep fines and — in extreme cases — jail time for those who fail to comply. What new federal regulations must businesses navigate during the M&A process?

After the Anti-Money Laundering Act of 2020, Congress passed the Corporate Transparency Act (CTA), requiring businesses to disclose information about their owners and controllers to the Financial Crimes Enforcement Network (FinCEN). The law applies to any LLC or corporation and includes operators like CPAs, lawyers, and bankers. If you fail to comply or provide FinCEN with inaccurate or outdated information, you may be charged $500 for each day of non-compliance. Corporate M&A and compliance expert Grant Teeple recommends hiring an attorney to help you update ownership information regularly, maintaining compliance while ensuring privacy through attorney-client privilege.

In this episode of Destination Business Freedom, Pat Mancuso welcomes Grant Teeple, the Founder and Senior Partner of Teeple Hall, LLP, to discuss compliance regulations for M&A transactions. Grant also talks about common mistakes buyers and sellers make during the M&A process, how to involve an attorney in business sales, and how to navigate due diligence.

Adam Contos is a Partner at Area 15 Ventures, a business investment firm. As the creator of the Leadership Factory, he coaches entrepreneurs to build leaders and grow their businesses. Adam served as the CEO of RE/MAX Holdings, where he oversaw its four brands RE/MAX, LLC, Motto Franchising, LLC, booj, and First. Before joining RE/MAX, he ran a SWAT team as a Lieutenant at the Douglas County Sheriff's Office.

Some people want to start a business but are overwhelmed to the point of inaction. Yet strategic action offsets overwhelm. How can you propel yourself to move forward in your career?

Former real estate CEO and leadership coach Adam Contos maintains that you must be held accountable for taking action on your vision. However, less than 1% of people can hold themselves accountable regularly for their entrepreneurial endeavors, leading small businesses to fail in the first year. Instead, you should acquire a coach or leader to develop an accountability system. Exceptional leaders influence and guide you to accomplish a task or vision by building trust and practicing what they preach. With an inspirational leader, you can identify the mental gaps in your personal and professional life and take action for future growth.

In the latest episode of Destination Business Freedom, Pat Mancuso invites Adam Contos, a Partner at Area 15 Ventures, to speak about building ventures through effective leadership. Adam shares some of his favorite books and most influential mentors, his leadership philosophy and personal wisdom, and how he began franchising businesses with RE/MAX Holdings.