Building a plan B can feel like betting against plan A. But preparing for what's next pays off whether plan A lasts two years or twenty.
Corey Parchman started his time in the NFL as an undrafted free agent, but quickly learned "NFL" can also mean "not for long." In this episode, he shares how he learned business without losing focus on football, how to reinvent yourself after a major career change, and why becoming a business owner is more reachable than you think.
Topics discussed:
(00:00) Introduction
(01:22) From undrafted to five years in the NFL
(03:25) Starting Plan B while doing Plan A
(07:46) Identity after a career change
(10:40) Skills that transfer into business (and one that doesn't)
(14:22) ๐๐๐ ๐๐ญ๐ข๐บ๐ฃ๐ฐ๐ฐ๐ฌ ๐ง๐ฐ๐ณ ๐๐ฆ๐ฏ
(17:25) Masculinity, vulnerability, and redefining toughness
(19:26) Evolving through each chapter and trusting the process
(22:20) Buying a business vs. starting from scratch
(25:53) SBA financing and owners with no succession plan
(27:27) Why he wroteย ๐๐ญ๐ณ๐ฆ๐ข๐ฅ๐บ ๐๐ถ๐ช๐ญ๐ต
(29:38) What brought you JOY today?
If you're a writer who wants to take control of your finances, read Mitlin Financial'sย ย Write Your Financial Future: A Financial Guide for Authors
- Sending your child to college will always be emotional but are you financially ready?ย Take the College Readiness Quiz for Parents:ย https://www.mitlinfinancial.com/college-readiness-quiz/
- Doing your taxes might not be enJOYable but being more organized can make the process less painful. Get Your Gathering Your Tax Documents Checklist:ย https://www.mitlinfinancial.com/wp-content/uploads/2024/06/Mitlin_ChecklistForGatheringYourTaxDocuments_Form_062424_v2.pdf
- Will you be able to enJOY the Retirement you envision? Take the Retirement Ready Quiz: https://www.mitlinfinancial.com/retirement-planning-quiz/
Connect with Larry Sprung:
- LinkedIn: https://www.linkedin.com/in/lawrencesprung/
- Instagram: https://www.instagram.com/larry_sprung/
- Facebook: https://www.facebook.com/LawrenceDSprung/
- X (Twitter): https://x.com/Lawrence_Sprung
About Our Guest:
Corey Parchman is a former NFL wide receiver, business acquisition advisor, real estate developer, TEDx speaker, and best-selling author of ๐๐ญ๐ณ๐ฆ๐ข๐ฅ๐บ ๐๐ถ๐ช๐ญ๐ต: ๐๐ฐ๐ธ ๐ต๐ฐ ๐๐ถ๐บ ๐ข ๐๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด ๐๐ฏ๐ด๐ต๐ฆ๐ข๐ฅ ๐ฐ๐ง ๐๐ต๐ข๐ณ๐ต๐ช๐ฏ๐จ ๐๐ฏ๐ฆ. An Indianapolis native and Ball State graduate who still holds the NCAA record for the longest kick return in history (105 yards), Corey played for five NFL franchises before building a 20-year business career. He is the founder of CorePar Holdings and CorePar Development, has managed over $150M in assets across 12+ acquisitions, and founded two nonprofit preschools serving underserved communities. He lives in Indiana with his wife, Dr. Elisha Parchman, and their son, Corey Jr.
Connect with Corey Parchman:
- LinkedIn: https://www.linkedin.com/in/corey-parchman-2a8a2790
- Instagram: https://www.instagram.com/coreyparchman_business/
- Facebook: https://www.facebook.com/profile.php?id=61584586944141
- Website: https://coreyparchman.com/
Disclosure:
Guests on the Mitlin Money Mindset are not affiliated with CWM, LLC, and opinions expressed herein may not be representative of CWM, LLC. CWM, LLC is not responsible for the guest's content linked on this site.
ย
This episode was produced by Podcast Boutique https://www.podcastboutique.com
