How Free Are You from Your Business?
A 5-minute self-assessment to uncover your financial independence gap
This diagnostic tool is designed to give you a snapshot of where you stand today. In just five minutes, you’ll uncover how well you’re balancing key priorities and whether you’re truly building toward financial freedom or are at risk of the unspoken fear many business owners have—“what if all this work doesn’t get me free?”
The 3Rs® framework—Reward, Reinvest, and Repurpose—is a simple but powerful approach to dynamic financial planning. It is designed to help business owners achieve personal freedom while growing a valuable business. It encourages you to reward yourself for the risks you take, reinvest in your business with intention, and repurpose profits to build independence from the business itself.
Section 1: Quick Self-Assessment (Scored)
Use a simple 1–5 scale where:
1 = Not at all true
5 = Very true
| Statement | Score |
|---|---|
|
I know how much personal wealth I need to be financially independent. |
|
|
I could step back from my business for 30 days without disrupting business performance. |
|
|
Less than 50% of my net worth is tied to my business. |
|
|
I have a clear exit timeline and strategy. |
|
|
I intentionally allocate profits across Reward (paying myself), Reinvest (growing my business), and Repurpose (diversifying my wealth). |
Total Score = _____ /25
Interpretation Key:
- 20–25: You’re on track — just fine-tuning needed.
- 13–19: You’re exposed — time to get proactive.
- 0–12: You’re at risk — too much depends on the business.
Section 2: Your Current 3Rs® Allocation
Roughly, how did you allocate profits over the past 12 months?
| Category | % of Profit |
|---|---|
|
Reward (pay yourself) |
|
|
Reinvest (grow business) |
|
|
Repurpose (diversify) |
Are you building toward personal freedom, or just fueling the machine? There’s no prescribed formula. Awareness and intentionality linked to a plan are the key.
Section 3: What’s Your Narrative?
In 3–4 sentences, describe what ‘freedom from your business’ would look like for you in 5 years.
Do your answers from the prior sections align? What’s standing in the way?
© Cannon Carr. 3Rs® is a registered service mark of Cannon Carr. No part of this publication may be copied or redistributed without express permission. All rights reserved.
DISCLOSURES:
- This website is published by Cannon Carr, an employee of EP Wealth Advisors. The information presented is believed to be accurate and current, but its accuracy is not guaranteed and should not be considered a complete analysis of the topics discussed. All opinions expressed are my own as of the date of publication and may change over time.
- EP Wealth Advisors, LLC. is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the advisor has attained a particular level of skill or ability.
- Request an appointment with an EP Wealth Advisor when you have a minimum of $500,000 in investable assets – which includes qualified retirement plans (IRA, Roth IRA, 401(k), taxable brokerage, cash (savings / checking) and CDs. Investable assets do not include your home, vehicles, or collectibles.
- Hiring a qualified advisor and/or financial planner does not guarantee investment success, and does not ensure that a client or prospective client will experience a higher level of performance or results. No guaranty or warranty is made that any direct or implied results or projections being represented here will be met or sustained.
- Information found on this website should not be regarded as a complete analysis of the subjects discussed. Information presented is general in nature and is intended to serve as a tool containing general information regarding services offered. This general information is intended to assist you in the development of subsequent discussions.
- Content does not involve the rendering of personalized investment advice nor is it intended to supplement professional individualized advice. All questions about and/or explanations regarding the content of this website should be directed to Cannon Carr & EP Wealth Advisors. Please consult a professional Financial Advisor before applying any of the approaches referenced directly or indirectly through this website.
- There is no guarantee that a client will receive all the services offered and referenced in this website. Prior to delivering some services, we may require that an agreement specific to those services be completed.
- Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment or strategy, or product made reference to directly or indirectly, will be profitable or equal to past performance levels. Future financial conditions and events can never be accurately predicted. No analysis, plan, or report has the ability to accurately predict the future.
- Any direct or indirect references to specific securities, security sectors, or investment vehicles made should not be taken as a recommendation or solicitation to buy or sell a particular security or invest in any specific investment strategy. There is no guarantee that any of the information or investment strategies discussed will be suitable or profitable.
- Hyperlinks on this website are provided as a convenience and we disclaim any responsibility for information, services or products found on websites linked hereto.
