In this episode, our host Bob Gauvreau sits down with tax expert Tyler Powers to reveal smart tax strategies that could save you thousands.

Tyler shares real examples of business owners unknowingly overpaying and the simple strategies that helped them keep more money. He covers tax-saving structures, smart compensation plans, and how one move saved a client $200,000.

Wondering why some business owners pay less tax? This episode breaks it down. Tune in for game-changing insights that could transform your financial future!

 

 

 

Episode Highlights:
00:00 Welcome to The Wealthy Entrepreneur Podcast
01:35 Tyler Powers' Journey and Role at Gauvreau
03:37 Development of the Tax Department
04:59 Tax Planning Strategies and Client Success Stories
09:36 Top Three Tips for Business Owners
17:16 Importance of Timely Filing and Professional Development
21:37 Estate Planning and Trust Structures
29:35 Advice for Business Owners

 

 


About the Guest:
Tyler Powers, CPA, is a Partner at Gauvreau - Accounting Tax Law Advisory in Peterborough, Ontario, Canada. With over 8 years of experience, he specializes in designing customized tax plans to help clients build wealth and achieve intergenerational financial goals. Tyler and his team provide expert insights and full-time support to optimize tax strategies, minimize liabilities, and maximize wealth potential. Their dedication to excellence has earned them a reputation as trustworthy and reliable professionals in the accounting and taxation field.

Connect with Tyler:
Linkedin: https://www.linkedin.com/in/tyler-powers-cpa-41277827/

 

 

 

Resources:
Visit the The Wealthy Entrepreneur Website: https://www.wealthyentrepreneur.co/ 
Download The Wealthy Entrepreneur (digital book) for FREE: https://profitsimple.ca/wealthy-entrepreneur
Like our Facebook Page at https://www.facebook.com/wealthyentrepreneurofficial
Join The Wealthy Entrepreneur Community for FREE at https://www.facebook.com/groups/gauvreaucpa 

For more podcast episodes, subscribe to our Youtube Channel at https://www.youtube.com/@wealthyentrepreneurofficial.

Let’s continue to work on becoming a Wealthy Entrepreneur!

In this episode, our host Bob Gauvreau sits down with tax expert Tyler Powers to reveal smart tax strategies that could save you thousands.
Tyler shares real examples of business owners unknowingly overpaying and the simple strategies that helped them keep more money. He covers tax-saving structures, smart compensation plans, and how one move saved a client $200,000.
Wondering why some business owners pay less tax? This episode breaks it down. Tune in for game-changing insights that could transform your financial future!
&nbsp;
&nbsp;
&nbsp;
Episode Highlights:
<ul>
<li>00:00 Welcome to The Wealthy Entrepreneur Podcast</li>
<li aria-level="1">01:35 Tyler Powers' Journey and Role at Gauvreau</li>
<li aria-level="1">03:37 Development of the Tax Department</li>
<li aria-level="1">04:59 Tax Planning Strategies and Client Success Stories</li>
<li aria-level="1">09:36 Top Three Tips for Business Owners</li>
<li aria-level="1">17:16 Importance of Timely Filing and Professional Development</li>
<li aria-level="1">21:37 Estate Planning and Trust Structures</li>
<li aria-level="1">29:35 Advice for Business Owners</li>
</ul>
&nbsp;
&nbsp;
 About the Guest: Tyler Powers, CPA, is a Partner at Gauvreau - Accounting Tax Law Advisory in Peterborough, Ontario, Canada. With over 8 years of experience, he specializes in designing customized tax plans to help clients build wealth and achieve intergenerational financial goals. Tyler and his team provide expert insights and full-time support to optimize tax strategies, minimize liabilities, and maximize wealth potential. Their dedication to excellence has earned them a reputation as trustworthy and reliable professionals in the accounting and taxation field.
Connect with Tyler:
<ul>
<li aria-level="1">Linkedin: <a href="https://www.linkedin.com/in/tyler-powers-cpa-41277827/">https://www.linkedin.com/in/tyler-powers-cpa-41277827/</a></li>
</ul>
&nbsp;
&nbsp;
&nbsp;
Resources:
<ul>
<li aria-level="1">Visit the The Wealthy Entrepreneur Website: <a href="https://www.wealthyentrepreneur.co/">https://www.wealthyentrepreneur.co/</a>&nbsp;</li>
<li aria-level="1">Download The Wealthy Entrepreneur (digital book) for FREE: <a href="https://profitsimple.ca/wealthy-entrepreneur">https://profitsimple.ca/wealthy-entrepreneur</a></li>
</ul>
<ul>
<li aria-level="1">Like our Facebook Page at <a href="https://www.facebook.com/wealthyentrepreneurofficial">https://www.facebook.com/wealthyentrepreneurofficial</a></li>
</ul>
<ul>
<li aria-level="1">Join The Wealthy Entrepreneur Community for FREE at <a href="https://www.facebook.com/groups/gauvreaucpa">https://www.facebook.com/groups/gauvreaucpa</a>&nbsp;</li>
</ul>
For more podcast episodes, subscribe to our Youtube Channel at <a href="https://www.youtube.com/@wealthyentrepreneurofficial">https://www.youtube.com/@wealthyentrepreneurofficial</a>.
Let&rsquo;s continue to work on becoming a Wealthy Entrepreneur!

Introducing The Wealthy Entrepreneur Podcast, where we unravel the Profit Simple framework, turning your business's vision into a roadmap for financial success. Join us as we provide simple yet powerful episodes for extraordinary results and financial clarity. Say goodbye to confusion and hello to a journey towards financial freedom!

Introducing The Wealthy Entrepreneur Podcast, where we unravel the Profit Simple framework, turning your business's vision into a roadmap for financial success. Join us as we provide simple yet powerful episodes for extraordinary results and financial clarity. Say goodbye to confusion and hello to a journey towards financial freedom!

The Wealthy Entrepreneur

Maximizing Your Tax Savings: Expert Advice from Tyler Powers on Trusts, Structure, and More

Today, in our throwback episode. Our host, Bob, shares that the topic of the financial model is the engine of your business. It drives pricing, margins, efficiency, and profitability. In this episode, we break down what a strong financial model looks like — and how hidden gaps can quietly erode revenue and stall growth.

We walk through a real client transformation: restructuring their financial model, tightening pricing discipline, and scaling into a seven-figure operation. You’ll see the exact metrics that mattered and the decisions that moved the needle.

Finally, we unpack Tony Robbins’ 20% net income benchmark, what healthy margins actually look like, and how to scale with clarity instead of guesswork. If you’re focused on cash flow, profit optimization, and smarter strategic decisions, this conversation is essential listening.

 

 

 

Episode Highlights:
00:00 Welcome to The Wealthy Entrepreneur Podcast
02:00 Decoding the Financial Model 
03:57 Understanding Cost of Goods Sold, Direct Costs, Variable Costs, and Cost of Delivery 
05:50 How Much Are You Really Making Per Sale? 
07:44 The Unsung Heroes of Your Financial Model 
09:07 Why Understanding Your Model is Vital for Your Business 
11:12 Unleashing the Power of Gross Profit Percentage 
13:28 The 20% Net Income Benchmark Revealed
15:12 The Importance of Understanding Your Financial Model

 

 

 

Resources:
Visit The Wealthy Entrepreneur Website: https://www.wealthyentrepreneur.co/ 
Download The Wealthy Entrepreneur (digital book) for FREE: https://profitsimple.ca/wealthy-entrepreneur
Like our Facebook Page at https://www.facebook.com/wealthyentrepreneurofficial
Join The Wealthy Entrepreneur Community for FREE at https://www.facebook.com/groups/gauvreaucpa 

For more podcast episodes, subscribe to our YouTube Channel at https://www.youtube.com/@wealthyentrepreneurofficial.

Let’s continue to work on becoming a Wealthy Entrepreneur!

Today, in our throwback episode. Our host, Bob, shares that the topic of the financial model is the engine of your business. It drives pricing, margins, efficiency, and profitability. In this episode, we break down what a strong financial model looks like &mdash; and how hidden gaps can quietly erode revenue and stall growth.
We walk through a real client transformation: restructuring their financial model, tightening pricing discipline, and scaling into a seven-figure operation. You&rsquo;ll see the exact metrics that mattered and the decisions that moved the needle.
Finally, we unpack Tony Robbins&rsquo; 20% net income benchmark, what healthy margins actually look like, and how to scale with clarity instead of guesswork. If you&rsquo;re focused on cash flow, profit optimization, and smarter strategic decisions, this conversation is essential listening.
&nbsp;
&nbsp;
&nbsp;
Episode Highlights:
<ul>
<li>00:00 Welcome to The Wealthy Entrepreneur Podcast</li>
<li aria-level="1">02:00 Decoding the Financial Model&nbsp;</li>
<li aria-level="1">03:57 Understanding Cost of Goods Sold, Direct Costs, Variable Costs, and Cost of Delivery&nbsp;</li>
<li aria-level="1">05:50 How Much Are You Really Making Per Sale?&nbsp;</li>
<li aria-level="1">07:44 The Unsung Heroes of Your Financial Model&nbsp;</li>
<li aria-level="1">09:07 Why Understanding Your Model is Vital for Your Business&nbsp;</li>
<li aria-level="1">11:12 Unleashing the Power of Gross Profit Percentage&nbsp;</li>
<li aria-level="1">13:28 The 20% Net Income Benchmark Revealed</li>
<li aria-level="1">15:12 The Importance of Understanding Your Financial Model</li>
</ul>
&nbsp;
&nbsp;
&nbsp;
Resources:
<ul>
<li aria-level="1">Visit The Wealthy Entrepreneur Website: <a href="https://www.wealthyentrepreneur.co/">https://www.wealthyentrepreneur.co/</a>&nbsp;</li>
<li aria-level="1">Download The Wealthy Entrepreneur (digital book) for FREE: <a href="https://profitsimple.ca/wealthy-entrepreneur">https://profitsimple.ca/wealthy-entrepreneur</a></li>
</ul>
<ul>
<li aria-level="1">Like our Facebook Page at <a href="https://www.facebook.com/wealthyentrepreneurofficial">https://www.facebook.com/wealthyentrepreneurofficial</a></li>
</ul>
<ul>
<li aria-level="1">Join The Wealthy Entrepreneur Community for FREE at <a href="https://www.facebook.com/groups/gauvreaucpa">https://www.facebook.com/groups/gauvreaucpa</a>&nbsp;</li>
</ul>
For more podcast episodes, subscribe to our YouTube Channel at <a href="https://www.youtube.com/@wealthyentrepreneurofficial">https://www.youtube.com/@wealthyentrepreneurofficial</a>.
Let&rsquo;s continue to work on becoming a Wealthy Entrepreneur!

How Important Is Your Financial Model?

Today, in this throwback episode, our guest, Yuri Elkaim, shares his entrepreneurial journey from overcoming health challenges to building a successful online business. His story highlights the power of persistence and strategic evolution, leading to a New York Times bestseller and helping over 500,000 people improve their health.

Through Healthpreneur, Yuri helps health professionals scale by shifting from one-on-one models to specialized, virtual practices. His approach empowers clients to take control of their progress, enabling practitioners to grow their businesses and enhance client outcomes.

Yuri emphasizes that business growth is directly tied to personal growth. He advises entrepreneurs to invest in developing their skills and mindset, focusing on strategies like paid traffic and the "perfect client pipeline" to accelerate growth and reach more clients faster.

 

 

 

Episode Highlights:
00:00 Welcome to The Wealthy Entrepreneur Podcast
00:44 Entrepreneurial Journey and Business Growth
02:28 Transition to Online Business
05:34 Founding Healthpreneur
08:09 Client Acquisition and Delivery Strategies
14:14 Lead Generation and Paid Traffic
27:00 Building a Strong Team
34:34 Work-Life Balance and Personal Growth
40:27 Personal Aspirations and Investments
45:03 Current Projects and Future Plans
46:41 Advice for Entrepreneurs

 

 


About the Guest:
Yuri Elkaim is a seasoned Business Coach specializing in empowering Health Professionals to expand their coaching businesses. With expertise in coaching, marketing, healthcare, and health practice, Yuri is dedicated to helping practitioners in the health field succeed. 

He is the visionary behind HealthpreneurGroup.com, a platform he founded in 2014 and continues to lead today. With almost two decades of experience, Yuri and his team at HealthpreneurGroup.com are committed to assisting chiropractors, naturopathic doctors, physical therapists, osteopaths, dietitians, medical doctors, and functional medicine practitioners who own their own clinics. Their mission is to help these health practitioners attract more patients, retain them, and achieve scalable success in their practices, reducing their reliance on personal involvement. 

 

 

Connect with Yuri:
Healthpreneur website: https://healthpreneurgroup.com/
Healthpreneur Instagram: https://www.instagram.com/healthpreneur/
Healthpreneur Facebook: https://www.facebook.com/healthpreneur1
LinkedIn: https://www.linkedin.com/in/yurielkaim/

 

 

 

Resources:
Visit The Wealthy Entrepreneur Website: https://www.wealthyentrepreneur.co/ 
Download The Wealthy Entrepreneur (digital book) for FREE: https://profitsimple.ca/wealthy-entrepreneur
Like our Facebook Page at https://www.facebook.com/wealthyentrepreneurofficial
Join The Wealthy Entrepreneur Community for FREE at https://www.facebook.com/groups/gauvreaucpa 

For more podcast episodes, subscribe to our YouTube Channel at https://www.youtube.com/@wealthyentrepreneurofficial.

Let’s continue to work on becoming a Wealthy Entrepreneur!

Today, in this throwback episode, our guest, Yuri Elkaim, shares his entrepreneurial journey from overcoming health challenges to building a successful online business. His story highlights the power of persistence and strategic evolution, leading to a New York Times bestseller and helping over 500,000 people improve their health.
Through Healthpreneur, Yuri helps health professionals scale by shifting from one-on-one models to specialized, virtual practices. His approach empowers clients to take control of their progress, enabling practitioners to grow their businesses and enhance client outcomes.
Yuri emphasizes that business growth is directly tied to personal growth. He advises entrepreneurs to invest in developing their skills and mindset, focusing on strategies like paid traffic and the "perfect client pipeline" to accelerate growth and reach more clients faster.
&nbsp;
&nbsp;
&nbsp;
Episode Highlights:
<ul>
<li>00:00 Welcome to The Wealthy Entrepreneur Podcast</li>
<li aria-level="1">00:44 Entrepreneurial Journey and Business Growth</li>
<li aria-level="1">02:28 Transition to Online Business</li>
<li aria-level="1">05:34 Founding Healthpreneur</li>
<li aria-level="1">08:09 Client Acquisition and Delivery Strategies</li>
<li aria-level="1">14:14 Lead Generation and Paid Traffic</li>
<li aria-level="1">27:00 Building a Strong Team</li>
<li aria-level="1">34:34 Work-Life Balance and Personal Growth</li>
<li aria-level="1">40:27 Personal Aspirations and Investments</li>
<li aria-level="1">45:03 Current Projects and Future Plans</li>
<li aria-level="1">46:41 Advice for Entrepreneurs</li>
</ul>
&nbsp;
&nbsp;
 About the Guest: Yuri Elkaim is a seasoned Business Coach specializing in empowering Health Professionals to expand their coaching businesses. With expertise in coaching, marketing, healthcare, and health practice, Yuri is dedicated to helping practitioners in the health field succeed.&nbsp;
He is the visionary behind HealthpreneurGroup.com, a platform he founded in 2014 and continues to lead today. With almost two decades of experience, Yuri and his team at HealthpreneurGroup.com are committed to assisting chiropractors, naturopathic doctors, physical therapists, osteopaths, dietitians, medical doctors, and functional medicine practitioners who own their own clinics. Their mission is to help these health practitioners attract more patients, retain them, and achieve scalable success in their practices, reducing their reliance on personal involvement.&nbsp;
&nbsp;
&nbsp;
Connect with Yuri:
<ul>
<li aria-level="1">Healthpreneur website: <a href="https://healthpreneurgroup.com/">https://healthpreneurgroup.com/</a></li>
<li aria-level="1">Healthpreneur Instagram: <a href="https://www.instagram.com/healthpreneur/">https://www.instagram.com/healthpreneur/</a></li>
<li aria-level="1">Healthpreneur Facebook: <a href="https://www.facebook.com/healthpreneur1">https://www.facebook.com/healthpreneur1</a></li>
<li aria-level="1">LinkedIn: <a href="https://www.linkedin.com/in/yurielkaim/">https://www.linkedin.com/in/yurielkaim/</a></li>
</ul>
&nbsp;
&nbsp;
&nbsp;
Resources:
<ul>
<li aria-level="1">Visit The Wealthy Entrepreneur Website: <a href="https://www.wealthyentrepreneur.co/">https://www.wealthyentrepreneur.co/</a>&nbsp;</li>
<li aria-level="1">Download The Wealthy Entrepreneur (digital book) for FREE: <a href="https://profitsimple.ca/wealthy-entrepreneur">https://profitsimple.ca/wealthy-entrepreneur</a></li>
</ul>
<ul>
<li aria-level="1">Like our Facebook Page at <a href="https://www.facebook.com/wealthyentrepreneurofficial">https://www.facebook.com/wealthyentrepreneurofficial</a></li>
</ul>
<ul>
<li aria-level="1">Join The Wealthy Entrepreneur Community for FREE at <a href="https://www.facebook.com/groups/gauvreaucpa">https://www.facebook.com/groups/gauvreaucpa</a>&nbsp;</li>
</ul>
For more podcast episodes, subscribe to our YouTube Channel at <a href="https://www.youtube.com/@wealthyentrepreneurofficial">https://www.youtube.com/@wealthyentrepreneurofficial</a>.
Let&rsquo;s continue to work on becoming a Wealthy Entrepreneur!

How Entrepreneurs Break the Time-for-Money Trap and Scale Smarter

Today, in this throwback episode, our host, Bob, discusses the eight key factors that drive business value and a successful exit. These include financial performance, where profitable businesses with strong earnings are more likely to secure higher valuations, and reducing owner dependence. Businesses that can operate independently of the owner are far more attractive to potential buyers.

The episode also highlights the importance of recurring revenue models, customer loyalty (measured by Net Promoter Score), and minimizing relationship dependence on employees or vendors. These factors enhance business stability and increase appeal to investors.

Finally, this episode emphasizes the need for market differentiation and offering unique value. Companies that are distinct in their market and operate efficiently will command higher valuations and improve their chances of a successful exit. Focusing on these factors will help business owners maximize value and execute a successful exit strategy.

 

 

 

Episode Highlights:
00:00 Welcome to The Wealthy Entrepreneur Podcast
03:14 Financial Performance and Business Exit Statistics
04:50 Owner Dependence and Financial Performance
07:44 Potential for Growth and Industry Trends
09:07 Cash Flow and Capital Investment
11:04 Relationship Dependence and Stakeholder Risk
14:39 Recurring Revenue Model and Customer Satisfaction
20:44 Market Control and Differentiation
22:43 Recap of Eight Factors Impacting Business Value

 

 

 

Resources:
Visit The Wealthy Entrepreneur Website: https://www.wealthyentrepreneur.co/ 
Download The Wealthy Entrepreneur (digital book) for FREE: https://profitsimple.ca/wealthy-entrepreneur
Like our Facebook Page at https://www.facebook.com/wealthyentrepreneurofficial
Join The Wealthy Entrepreneur Community for FREE at https://www.facebook.com/groups/gauvreaucpa 

For more podcast episodes, subscribe to our Youtube Channel at https://www.youtube.com/@wealthyentrepreneurofficial.

Let’s continue to work on becoming a Wealthy Entrepreneur!

Today, in this throwback episode, our host, Bob, discusses the eight key factors that drive business value and a successful exit. These include financial performance, where profitable businesses with strong earnings are more likely to secure higher valuations, and reducing owner dependence. Businesses that can operate independently of the owner are far more attractive to potential buyers.
The episode also highlights the importance of recurring revenue models, customer loyalty (measured by Net Promoter Score), and minimizing relationship dependence on employees or vendors. These factors enhance business stability and increase appeal to investors.
Finally, this episode emphasizes the need for market differentiation and offering unique value. Companies that are distinct in their market and operate efficiently will command higher valuations and improve their chances of a successful exit. Focusing on these factors will help business owners maximize value and execute a successful exit strategy.
&nbsp;
&nbsp;
&nbsp;
Episode Highlights:
<ul>
<li>00:00 Welcome to The Wealthy Entrepreneur Podcast</li>
<li aria-level="1">03:14 Financial Performance and Business Exit Statistics</li>
<li aria-level="1">04:50 Owner Dependence and Financial Performance</li>
<li aria-level="1">07:44 Potential for Growth and Industry Trends</li>
<li aria-level="1">09:07 Cash Flow and Capital Investment</li>
<li aria-level="1">11:04 Relationship Dependence and Stakeholder Risk</li>
<li aria-level="1">14:39 Recurring Revenue Model and Customer Satisfaction</li>
<li aria-level="1">20:44 Market Control and Differentiation</li>
<li aria-level="1">22:43 Recap of Eight Factors Impacting Business Value</li>
</ul>
&nbsp;
&nbsp;
&nbsp;
Resources:
<ul>
<li aria-level="1">Visit The Wealthy Entrepreneur Website: <a href="https://www.wealthyentrepreneur.co/">https://www.wealthyentrepreneur.co/</a>&nbsp;</li>
<li aria-level="1">Download The Wealthy Entrepreneur (digital book) for FREE: <a href="https://profitsimple.ca/wealthy-entrepreneur">https://profitsimple.ca/wealthy-entrepreneur</a></li>
</ul>
<ul>
<li aria-level="1">Like our Facebook Page at <a href="https://www.facebook.com/wealthyentrepreneurofficial">https://www.facebook.com/wealthyentrepreneurofficial</a></li>
</ul>
<ul>
<li aria-level="1">Join The Wealthy Entrepreneur Community for FREE at <a href="https://www.facebook.com/groups/gauvreaucpa">https://www.facebook.com/groups/gauvreaucpa</a>&nbsp;</li>
</ul>
For more podcast episodes, subscribe to our Youtube Channel at <a href="https://www.youtube.com/@wealthyentrepreneurofficial">https://www.youtube.com/@wealthyentrepreneurofficial</a>.
Let&rsquo;s continue to work on becoming a Wealthy Entrepreneur!

Maximizing Your Tax Savings: Expert Advice from Tyler Powers on Trusts, Structure, and More

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