Stage 1 - Do Less, Better

From what you've told us about you so far, you are in the 1st stage of the Transformative Wealth Journey from what we call an "Eager Entrepreneur" to an "Influential Investor".

It's an exciting stage, to be sure. Based on 2023 IRS data, you're one of 33MM entrepreneurs on this path.¹ And, it's a journey responsible for creating just under two-thirds of jobs within the United States.¹ But according to 2023 IRS Tax Filings, only about 2MM of these entrepreneurs are running businesses grossing $1MM per year or more. And it's this elite 2MM that is our singular obsession at Dew Wealth Management.

So, based on our current niche, there's little we can do to help you within your current stage of growth. Instead, what we generally recommend for entrepreneurs at your stage of growth is to "do less, better."

Do Less. Better.

What does "do less, better" mean? It means cutting out the things that might get in the way of you building your business to a point where you’re truly starting to generate the revenue you want to see. It means not getting distracted by fancy entity structures, tax strategies, and wealth management vehicles that deliver powerful returns for entrepreneurs managing millions of dollars per year of revenue, but which likely wouldn’t move the needle enough for you to justify the investment in mastering these strategies and building these structures.

Dew Wealth Management is best suited to help those who are a little further along in the wealth process. At this stage in your development, working with us would likely be a distraction from what should be your core focus - growing your business’ revenue - rather than a profitable relationship that delivers you a powerful ROI.

But, we’re rooting for you to get your business above $1MM in annual revenue, and hope you reach back out to us when you get there. Toward that end, while our core business isn’t focused on helping “Stage 1” entrepreneurs refine their product-market fit and get their business over $1MM in annual revenue, consider the two bits of free advice below to help you in your current stage.

Join A Mastermind Group

If you’re not in a “Mastermind” group where you’re able to interact with like-minded entrepreneurs who have been where you are, and are already where you want to go, we encourage you to find one quickly. You can check out the studies for yourself, but entrepreneurs report countless benefits to these groups, from discovering opportunities that unlock new revenue to enhanced leadership and systems-building skills, among others. ^{2 3 4}⁵ You’re not yet at the income level that would make you eligible for the elite mastermind community we manage for our members. Nor do we know enough about you, specifically, to make any alternative recommendations. But, we recommend putting in the time to do the research yourself and find a community that works for you, if you don’t have one already.

Identify your Next Steps

Then, while it’s likely premature to distract your time and attention on building out a Fractional Family Office^® at this time, you’ll likely need that vehicle to continue your wealth journey once you get your business revenues above that 7-figure mark. It wouldn’t hurt to have an awareness of where you’re heading now so you are ready to jump on the next steps once you get to that stage of growth in your wealth journey.

To help you in this regard, we recommend reading the book, Beyond A Million, by Jim Dew. In Beyond a Million, Jim shares his 20+ years of experience helping entrepreneurs preserve their expanding wealth. He offers answers to important questions regarding taxes, risk-taking, lawsuit protection, investing, and financial team building. In the past, a strategy called “family office” has only been accessible to the ultra-rich. Jim Dew shows entrepreneurs how to use these same billionaire strategies in their businesses. This is the elite entrepreneur’s playbook for expanding wealth, freedom and time. This book will help you understand the game the super-elite play and will arm you to start playing it yourself, once you get to that stage in your wealth journey.