Amit Gaglani shares his journey from being a physical therapist to starting his own practice and venturing into real estate and consulting. He delves into managing finances and seeks business coaching and training, learning from mistakes, and implementing new strategies. Further, Amit underscores the importance of family travel, integrating kids into the business, and imparting lessons on handling failure. He seamlessly ties these experiences to the vital role of educating his children on the principles of budget and savings, highlighting a comprehensive approach to both personal and professional growth.

Some highlights from our call:

“What I've instilled in my kids is to always look at their numbers and know what they have before they spend... I tell them not to charge it on the credit card unless they already have that amount in the bank account.” - Amit Gaglani

Additional key insights:

- Parents' financial actions shape children's money habits.

- Teach kids budgeting and saving early.

- Learn business success through coaching.

- Plan for entrepreneurship with financial stability.

- Develop the business by adapting from mistakes.

- Involve kids in business for work ethic and responsibility.

- Pick private equity firms aligned with your vision.

- Travel with family for memorable experiences.

And much more!

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Timestamps:

00:00 Family Background

01:05 Business Ownership

04:49 Childhood and Upbringing

09:38 Financial Responsibility

16:10 Financial Values

27:03 Starting His Own Practice

28:37 Starting a Family

28:49 Managing Finances

30:22 Business Coaching

33:43 Learning from Mistakes

34:34 Children in the Business

36:14 Teaching Work Ethic

40:38 Challenges in Managing Employees

43:28 Hiring an Operations Manager

45:01 Teaching Kids about Failure

50:41 Kids in the Business

55:00 Selling the Company

58:05 Setting Goals and Exit Strategies

59:29 Finding Private Equity Firms

01:01:21 Company Growth Incentives

01:04:40 Transitioning to New Ventures

01:08:35 Growing the Consulting Business

01:12:21 Family Travel

01:20:05 Helping Operators and Vetting Investments

01:21:57 Real Estate Strategy

01:25:13 Matching Investors with Goals

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Follow Amit Gaglani:

LinkedIn: https://www.linkedin.com/in/amit-gaglani-pt-ocs/

Website: http://www.agmgmtinc.com

Email: [email protected]

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