41 min
Speaker Series w/ Cannon Carr The Tactical Leader
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- Entrepreneurship
What are the three key mistakes entrepreneurs make when it comes to their wealth, and how can they be avoided?
In episode 445, host Zack Knight interviews Cannon Carr, a wealth management strategist, CEO, and business owner of Corner Cap Wealth Advisors. Carr shares his expertise on building resilient teams, fostering a positive company culture, and the common pitfalls entrepreneurs face when managing their wealth. The conversation dives into the importance of planning for the future, maintaining liquidity, and achieving a healthy work-life balance. Carr also emphasizes the significance of small businesses in driving economic growth and innovation. Throughout the episode, Zack draws parallels between the experiences of veterans transitioning to civilian life and the challenges faced by entrepreneurs.
[00:00 - 09:57] Starting a Business and the Entrepreneur Journey
Cannon Carr’s Introduction and early steps in the entrepreneurial world How does stability work in entrepreneurship?Cannon’s company nowadays
[09:58 - 15:04] Building Resilience in a Team
Focus on building a team that can make decisions independentlyHire people based on shared values and cultureEncourage honest communication and vulnerability within the team
[15:05 - 21:19] Ego and Loyalty in Business and The Military
Recognize that ego can create unnecessary conflict and distractionUnderstand that loyalty is a double-edged sword; sometimes, you need to let go of team members who have outgrown their rolesStrive for a balance between personal life and professional obligations
[21:20 - 35:27] The 3 Mistakes Entrepreneurs Make with Their Wealth
Not planning for an exit strategyLack of liquidity to navigate through disruptionsFailing to maintain independence from the business
[35:28 - 41:39] The Importance of Giving Back and Building Trust
Inspire others by giving forward and sharing knowledgeAcknowledge that success is not achieved alone; be willing to help othersFoster trust within your team and in your relationships
Key quotes:
"Culture means you set the values about how your company or your business makes decisions." - Cannon Carr
"There's no way I would be where I am now without the help of others, right? So you have to share, and it's a joy to do that." - Cannon Carr
Did you love the value that we are putting out in the show?
LEAVE A REVIEW and tell us what you think about the episode so we can continue putting out great content just for you! Share this episode and help someone who wants to expand their leadership capacity or click here to listen to our previous episodes.
The Tactical Leader is powered by Advancing the Line for Veterans, a 501c3 supporting veteran entrepreneurship. If you or someone you know is passionate about supporting the veteran community, please head over to ATLVets.org and get involved!
If you want to learn how to build a better business, you can connect with me at ZackAKnight.com. You can connect with us on LinkedIn,a href="https://www.instagram.com/beatacticalleader/"...
What are the three key mistakes entrepreneurs make when it comes to their wealth, and how can they be avoided?
In episode 445, host Zack Knight interviews Cannon Carr, a wealth management strategist, CEO, and business owner of Corner Cap Wealth Advisors. Carr shares his expertise on building resilient teams, fostering a positive company culture, and the common pitfalls entrepreneurs face when managing their wealth. The conversation dives into the importance of planning for the future, maintaining liquidity, and achieving a healthy work-life balance. Carr also emphasizes the significance of small businesses in driving economic growth and innovation. Throughout the episode, Zack draws parallels between the experiences of veterans transitioning to civilian life and the challenges faced by entrepreneurs.
[00:00 - 09:57] Starting a Business and the Entrepreneur Journey
Cannon Carr’s Introduction and early steps in the entrepreneurial world How does stability work in entrepreneurship?Cannon’s company nowadays
[09:58 - 15:04] Building Resilience in a Team
Focus on building a team that can make decisions independentlyHire people based on shared values and cultureEncourage honest communication and vulnerability within the team
[15:05 - 21:19] Ego and Loyalty in Business and The Military
Recognize that ego can create unnecessary conflict and distractionUnderstand that loyalty is a double-edged sword; sometimes, you need to let go of team members who have outgrown their rolesStrive for a balance between personal life and professional obligations
[21:20 - 35:27] The 3 Mistakes Entrepreneurs Make with Their Wealth
Not planning for an exit strategyLack of liquidity to navigate through disruptionsFailing to maintain independence from the business
[35:28 - 41:39] The Importance of Giving Back and Building Trust
Inspire others by giving forward and sharing knowledgeAcknowledge that success is not achieved alone; be willing to help othersFoster trust within your team and in your relationships
Key quotes:
"Culture means you set the values about how your company or your business makes decisions." - Cannon Carr
"There's no way I would be where I am now without the help of others, right? So you have to share, and it's a joy to do that." - Cannon Carr
Did you love the value that we are putting out in the show?
LEAVE A REVIEW and tell us what you think about the episode so we can continue putting out great content just for you! Share this episode and help someone who wants to expand their leadership capacity or click here to listen to our previous episodes.
The Tactical Leader is powered by Advancing the Line for Veterans, a 501c3 supporting veteran entrepreneurship. If you or someone you know is passionate about supporting the veteran community, please head over to ATLVets.org and get involved!
If you want to learn how to build a better business, you can connect with me at ZackAKnight.com. You can connect with us on LinkedIn,a href="https://www.instagram.com/beatacticalleader/"...
41 min