Building a Unique Retirement Services Business

Have you ever wondered what it takes to make the leap from a conventional career to a fulfilling entrepreneurial journey? Glenn Harper and Julie Smith sit down with Matt Ruttenberg, co-owner of Business Development of Life Inc. Retirement Services, to unravel his path from Ohio to Hawaii. You'll hear about his transition from the traditional financial services industry to creating meaningful retirement solutions for clients. Discover how Matt managed to blend his passion for helping others with his entrepreneurial spirit to build a flourishing business. This is an inspiring conversation filled with actionable insights and dynamic twists that could alter the way you think about your entrepreneurial journey. The end might just stop you in your tracks. Top Empowering Takeaways Entrepreneurial Journey: Matt's entrepreneurial journey shows the importance of discovering what truly interests you and pivoting when necessary. He shifted from traditional financial services to providing more specialized retirement plan services. Mentorship and Family Influence: Matt's background in a finance-savvy family and mentorship from his father played a significant role in molding his career path. His father's work ethic and approach influenced Matt's decision to become an entrepreneur. Adaptability and Patience: Matt emphasizes the importance of patience and adaptability. Entrepreneurs need to be prepared to take a long journey, understanding that initial steps might lead to unexpected but valuable opportunities. Collaboration and Team Building: To scale and excel in business, especially in providing specialized services like 401(k) plans, building a knowledgeable and strong team is essential. Matt moved from working independently to partnering with a team to leverage their collective expertise. Client-Centered Approach: The focus on understanding the client's specific needs, whether for tax saving or providing value to employees, is essential in the retirement plan services business. Tailoring plans to meet these specific needs makes a big difference. Geographical Flexibility: Matt transitioned from different locations like Ohio, Florida, and eventually Hawaii, showing that geographical flexibility can play a role in pursuing entrepreneurial dreams and exploring new opportunities. Real Estate Investment: Matt's real estate ventures with his brother and cousin during college highlight the potential of real estate as a secondary business avenue for entrepreneurs. Importance of Networking: Matt's involvement in financial media networks and conferences underscores the importance of networking in fostering professional growth and staying updated with industry trends. Family Support: Having a supportive spouse who understands and encourages the entrepreneurial journey can significantly impact an entrepreneur's success. Matt credits his wife's support as pivotal in his journey. Continuous Learning and Evolution: The concept of continuous improvement and evolution in career and business decisions is vital. Matt's path shows the need to keep learning, adapting, and re-strategizing to find the most fulfilling and successful role. This episode is brought to you by PureTax, LLC. Tax preparation services without the pressure. When all you need is to get your tax return done, take the stress out of tax season by working with a firm that has simplified the process and the pricing. <a href="https://player.captivate.fm/episode/d25d592b-cef9-4b27-8f9c-4cb9b57dab53" rel="noopener...