Want to hear simple and practical business talk? After 20 years of working with entrepreneurs and business owners Dylan has lots to share. As the founder of Bridge Capital with a background in finance and technology he has made his own mistakes and doesn't pull any punches when it comes to sharing his thoughts and opinions. This podcast is meant to inspire and encourage entrepreneurs.
Growing your business doesn't happen for free. Dylan shares some thoughts about how to pay for the cost of growth using debt and equity. Watch this episode on YouTube: https://youtube.com/live/YxIAUN0i_yg Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Dylan shares some thoughts about the collapse of Silicon Valley Bank (SVB) and what the average business owner should be thinking about as a result of it. Watch this episode on YouTube: https://youtube.com/live/xFnf6VF8DT4 Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
It was once said: "When life gives you lemons, plant its seeds, grow yourself an orchard, sell it to Sunkist. Carry on." Negative reviews can be a blessing in disguise for any business owner or entrepreneur who is serious about building a profitable and valuable company. There are two types of negative reviews - negative reviews for your company and negative reviews for your competitors. What many people overlook is that negative reviews can often hold the secret to making your business better. Once you move past the spam reviews and reviews from customers that will never be pleased, you are left with some ideas on how to improve your results. The negative reviews for your company and your competitors reveal what people are expecting and what they are happy to pay for. Whatever problems customers are experiencing and writing about are opportunities to provide solutions and make your business stand out. Lean into negative reviews and add money to your bottom line by exceeding your customers' expectations. Watch this episode on YouTube: https://youtu.be/7oB0hf-1tQ0 Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Finding new revenue streams can be as easy as solving unsolved problems for your existing customers. What does this mean? It means looking at the product or service your company offers the market and examining the process your customers go through to get it. As they make their way through your customer experience, there are probably opportunities to help them solve other challenges. Finding new revenue streams depends upon your ability to remove yourself from your business, place yourself in your customers' place and examine what they go through in the course of using your products or services. What problems do your customers have that are currently unsolved? Answering this question takes effort, but your bottom line will reward you if you can. Watch this episode on YouTube: https://youtu.be/5NqdqFioloM Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Need new clients? Need to grow revenue? The easiest way to do this is to determine which clients your business enjoys serving and which clients enjoy interacting with your company and then build a plan around finding more of them. A business that focuses on swapping out imperfect clients for perfect clients is a business that is maximizing its resources and is efficiently maximizing its profit. It is challenging for a company to serve different types of customers. Each type of customer a business helps interrupts its ability to run efficiently, effectively and profitably. Adjusting to the needs of different types of customers means a company has to change how it delivers its products and services. The adjustments reduce profitability and limit revenue. The goal is to reduce the variety of customers your business serves and focus on a few that are highly profitable, easy to work with and who enjoy interacting with your company. Growing revenue doesn't mean expanding your customer base as much as swapping out imperfect clients for perfect ones. Watch this episode on YouTube: https://youtu.be/V_cRX9V16Eg Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
When does it make sense to have employees become shareholders in your business? Many business owners will offer shares to their team as a way to recognize their contribution and as a way to retain them. Many employees want to become shareholders to earn more money and participate in the value they are creating. Giving employees shares in your business will only be meaningful if you have determined what you believe the business's value will be and how their efforts will help ensure it materializes. In the absence of concrete goals, offering shares to employees is, at best, a token exercise that will not produce the intended effect. If you want to provide employees with shares in your business, spend time and effort to put a plan together that shows them where the company is going and what it will be worth once it gets there. Doing this will make the exercise meaningful and worthwhile. Watch this episode on YouTube: https://youtu.be/VRntY92UJ_8 Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
If you are in business with a partner, the day may come when you need to discuss how to exit the business. Conversations like this can go in many different directions. Generally speaking, the work completed (or lack thereof) when the company was created will directly impact the amount of work that must be completed when the company dissolves or its structure changes. Many small businesses are formed informally without shareholder agreements, exit strategies or written expectations of each participant's responsibilities. The lack of structure and planning at the onset of a company will result in business partners having to work through details when they decide to buy each other out. Because expectations are often unclear, valuation methods used to determine payout amounts can be biased, and communication can become cordial and frustrating. One of the easiest ways to buy out a business partner is to look back at the history of the business, how the partners were each participating and then have a frank conversation about what is reasonable and fair for everyone involved. This approach doesn't mean everyone gets what they want, but common sense might enable a speedier outcome than what might have been realized otherwise. Getting caught up in details that were not part of how a company was formed or managed can be challenging to impose when the company needs to change. History can be a good reference point for setting a future course of action. Watch this episode on YouTube: https://youtu.be/mVGKU6_mdKE Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Doing ten things at 10% does not equal 100% - it equals 10%. Doing one thing at 100% that doesn't need to be done does not equal 100% - it equals 0%. Many business owners fall somewhere along the spectrum of being partially involved in many things or wholly involved in unimportant things. The quality of a business owner's goals will determine their effectiveness in meeting them. A business owner will get under-involved in many things or over-involved in a few things because they do not have well-defined goals or do not have a good understanding of where their business needs to focus. The very nature of business is change, and a business owner needs to focus on the tasks and opportunities that will significantly impact their company. Business owners get pulled in many different directions daily, and there is no shortage of activities to spend time on. The key to getting 100% out of your business is to focus on activities that will make the most considerable difference in your company. Watch this episode on YouTube: https://youtu.be/1vCsef---3w Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
The most rewarding part of growing a business that can run without you is being able to invest your time and money into projects, causes, companies and opportunities that you find interesting. Time is the only asset anyone has; making the most of it can be an exciting and rewarding adventure. Some business owners will invest in other companies, while others may invest in something completely unrelated to their company. The real questions to ask are: what is the best use of my time, and what is the best use of my resources? When you start a business, your time is spoken for before each day arrives. As you experience the success that comes from a growing company you are not running, you will find that your available time can be multiplied to produce an even more significant result than that of your business. With the hard work behind you and your bottom line beneath you, how will you choose to invest your time and money? Watch this episode on YouTube: https://youtu.be/vexQqFJamQA Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
It's hard to do, but it is necessary if you want to grow a business that can run without you you need to do it. You need to hire the right people to do the right jobs and empower them to make the right decisions. Many business owners believe they are the best people who know their business the best to make the best decisions. If you want a company that can grow without you, you must get over yourself and let people grow into their roles. The most important question you can ask the people on your team daily is: "What can I do to make your life easier today?". Being a servant leader instead of a dictator means you will not only help your team advance to their goals faster, but you will also be investing time that will reap dividends you may never fully realize. Empowering a team is not easy, but if you want to grow your bottom line without being involved in the daily tasks, you must learn how to let your team do their job. Don't hire people and leave them; hire people and invest in them. Watch this episode on YouTube: https://youtu.be/zFeUKI-qtqg Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
What is the next hardest thing a business owner learns to do after figuring out how to be profitable? Learning how to replace themselves. Business owners generally fill many different roles in their company, and often, no single role merits hiring a full-time (or even part-time) person. If you want to grow a business that can run without you, you will need to learn how to replace yourself. You are probably doing ten things at ten percent and getting ten percent results - not one hundred percent. The key to replacing yourself is to right-size your business so every daily job task you do can is handled by a team of people who can focus one hundred percent of their time on getting one hundred percent results. Business owners generally work longer hours than their team and subsidize the cost of running it with their sweat equity. By forcing yourself to pay people to do your daily tasks, you will have to get your business top line to a place where your margins can remain in place with the additional costs. Don't get stuck in your comfort zone. Expand your business results so you can afford to hand off daily responsibilities without sacrificing your bottom line. Watch this episode on YouTube: https://youtu.be/knQOkyRP4iM Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
A business exists to create value by providing a solution to a problem that people have. There are a few reasons why people pay for products and services to solve their problems, including: 1. They don't want to solve their problem on their own. 2. They can't afford to solve their problem on their own. 3. They don't have the time to solve their problem on their own. As a business owner, you create value by bringing people and resources together to solve the problems people have. This concept is something many business owners overlook until they get to a point where they need to understand why their company isn't producing the results they want. To build a valuable business, you must spend time understanding why your customers use your business. What is the specific problem or problems your business is solving for them? The more detailed your answers are, the more opportunities you will find to create value. Watch this episode on YouTube: https://youtu.be/s1OXJiUQVeE Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
When times get tough - some people lean out, and some people lean in. Running a business during a recession is not easy, but if you can do it, you might find yourself reaping significant rewards when times get better. Getting through a recession is easier when you pay attention to what is happening in the broader market. Out of desperation and necessity, many business owners will focus on their business and not pay attention to their customers, suppliers, or competitors. Business owners miss out on opportunities to capitalize and improve their business by not paying attention. One way to improve a business during a recession is to take advantage of the talent that might be available. During a recession, good people find themselves in the job market, and your company may be an excellent place for them. Good people are usually hard to find in good times, but in bad times as companies shut their doors or downsize, good people are available who need work. Another way to improve your business during a recession is to improve your customers' experience. Competition will dictate that fewer customers will be available, which leaves your business with an opportunity to serve them better than anyone else. If you can build a profitable business during a recession, you will reap the rewards when the market turns. Watch this episode on YouTube: https://youtu.be/kA8tiRZar6I Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
There is a direct relationship between how well your business can market its products and services and how quickly your sales team can convert prospects into customers. Poorly thought-out marketing will produce a poor sales process for your team and a poor experience for your prospects. A well-thought-out marketing strategy will attract the exact prospects your business wants by offering them the exact solution they want. Not every prospect in the market is the right potential customer for your business, and your business should not treat every customer the same. Understanding how your product or service solves a specific problem for a particular type of customer means your marketing will produce better prospects, your sales process will produce better customers, and your customers will give your better margins. The more work you put at the top of the funnel, the faster everything goes at every step through it. Watch this episode on YouTube: https://youtu.be/MT3tyMBYl-Q Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Do you wish your business could generate results faster from its marketing efforts? We all want results more quickly, but by its very nature, marketing is a long cycle process. If you have to get in front of your potential customer ten times before they decide to engage with you, a certain amount of money and time needs to be spent to achieve conventional results. How can your business achieve unconventional results? You can spend more money and time to get in front of your audience quicker, or you can use the same amount of time and money but reduce the size of the audience you are marketing to. Another way is to define your perfect customer and create a compelling offer that reduces the number of times your potential customer needs to hear from you. The better the offer, the less time and money is required to attract your customer. If your business doesn't have a compelling offer, then your business will need to spend more time and money convincing the market to use your company. Market your business faster by understanding whom you want to attract and an offer that would reduce the number of times you need to get in front of them. Watch this episode on YouTube: https://youtu.be/0k6VYEobEfU Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
The struggle is real. Running a business is hard and making money is even more challenging. There is a moment many business owners have when they are unsure of their company's future. Understanding the next step in achieving a better outcome can be a struggle. There are three reasons a business owner will struggle. The first reason is that market conditions change, and business owners have to figure out the correct response and do it in a reasonable amount of time to ensure the success of their business. The second reason is that many business owners don't know what they don't know. Not having a high-level feedback loop or information that helps identify problems can be frustrating for a business owner that doesn't understand what has changed in their business and what they need to do to correct it. Lastly, business owners can frequently get in their own way. Not being willing to admit that times are challenging or that changes need to happen can directly result from a business owner's pride and ego. A business owner will struggle until they can begin working through the decisions that need to be made based on the reality of their circumstances. The sooner this can happen, the quicker a company will get back on track. Watch this episode on YouTube: https://youtu.be/vKtUSlyEbRg Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Have you ever considered the prices your business charges for its products and services? How does it compare to the market? Is your business closer to the lowest or highest cost provider? Taking time to understand your competitors can go a long way in understanding where your business fits in the market and what opportunities you might have to adjust the pricing for your products and services. Does your business work hard to attract and provide value to a specific type of customer? Does your business currently serve customers that are not as profitable as others? Why? What would it take to find and serve your perfect customer who would agree to pay the best price possible for what your business offers? And finally, what price would you like to get for your products and services? What would be required by your company to capture that price? Pricing is another lever that business owners can use to increase their margins and cash. Watch this episode on YouTube: https://youtu.be/vdKRSCjxIFE Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Is there an easy way to boost sales? Many business owners overlook the easiest and cheapest way to generate more sales even though they probably have all the pieces they need at their fingertips. A business expends a lot of time, money and effort acquiring a customer and their first sale. Some companies only focus on the customers they engage or regularly interact with. But if you are looking to boost your sales and do it inexpensively, you should consider looking at the customers your business does not engage with regularly. How? By developing, implementing and managing a scoring system for your customers. An excellent scoring system will help identify sales opportunities that only require time to uncover. Time to make a phone call. Time to send an email. Time to create regular marketing campaigns. Time to monitor the results. A scoring system is a key to boosting sales in any company. Watch this episode on YouTube: https://youtu.be/sfJBReGnyaw Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Buying a business is exciting, and watching your ideas take shape can be very rewarding. Once you have found a business and structured a deal, you need a plan to get involved and make it your own. You can start by observing the culture, evaluating the people and resources, then deciding where you can add the most value to ensure success. Taking over a business can be tricky unless you set expectations which should be done sooner and not later. Use the time you have to plan for the business you want. Watch this episode on YouTube: https://youtu.be/HcEuVcsEsfA Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Buying a business is exciting, especially if you don't need to write a check for it upfront. Many small business owners are more concerned about how they will untangle themselves from their business than how much money they will make from a sale. Using sweat equity and your knowledge and experience, you may be able to structure a deal to purchase a business that requires very little cash. Discover how you can address the needs of a prospective seller by being creative with the terms you offer and the investment you make. Successfully purchasing a business is more about the art of the deal than the numbers involved. Watch this episode on YouTube: https://youtu.be/EQS-y0clXaM Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Buying a business is an exciting opportunity. Many small business owners (baby boomers in particular) do not have an exit plan for how they will sell, wind down or walk away from their business. If you want to take the first step towards business ownership or want to grow your existing business, this episode will help you with the basics. Discover how to find a prospective business and begin a conversation with the owner. Learn how to create a baseline for a potential transaction that will ultimately help you structure a deal. Watch this episode on YouTube: https://youtu.be/7ptAp1lKDAs Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Grow. Grow. Grow. If you aren't growing your business, then your business is most probably shrinking. These are common statements many business owners hear - but are they correct? Are there reasons not to grow a business? Some of the questions you should ask yourself as a business owner include what the goal of growing is and what is the best outcome if you grow your business. Many owners think they want to grow their business and talk about it, but when it comes down to - why bother? Individuals rarely start a company with a perfect plan and exit strategy. As a business grows, owners need to consider the reasons for growth and what they expect to get out of it. Some owners want to become investors, and others simply want a job. Knowing what you are working towards and how growing your business will help you get it is helpful. Watch this episode on YouTube: https://youtu.be/ITdCQYML4lM Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
There are technical answers and practical answers. In this episode, I provide a practical interpretation of the difference between profit and revenue in today's episode. Revenue refers to how well a business can market and sell its products and services. Profit refers to how well a company operates. As an owner, the math is essential, but the concepts behind revenue and profit are far more critical if you want to move your business through the Cash Flow Quadrant for Business Owners (see link below). By understanding what revenue and profit represent, you put yourself in a position to understand the strategies and tactics needed to get a better result. Experience has taught me that numbers don't tell the whole story. It's the details between the numbers that matter. Watch this episode on YouTube: https://youtu.be/XnbgKCa8veA Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Every business owner wants to build wealth, right? I would argue that many business owners think they want to build wealth but don't know what they would do if they had it. I have had the privilege of knowing and managing money for many entrepreneurs, and a common trait amongst the most successful ones is that they knew what they would do with the wealth they created. To build wealth, you need to know: 1) What cash flow quadrant is your business in (see link below)? 2) What specific tasks and responsibilities prevent you from moving out of your business? 3) What you would do if you weren't running a business? Building wealth as a business owner means moving out of an "owner/operator" role into an "owner" role. Tune in today as Dylan discusses how to do this successfully. Watch this episode on YouTube: https://youtu.be/r8JwupH4rW4 Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
One of the most challenging aspects of owning a business is understanding how money moves through it. Like most business owners, you probably feel like there is never enough of it, it never seems available when you need it, and most importantly, money can be hard to take out of a business. These are thoughts and challenges that many small business owners do not get to talk about, and in this episode, I share some insights that might help you realize your challenges are the same challenges faced by other small business owners. It's not the challenges that matter but how you manage them that will help ensure the money in your business is working for you. Watch this episode on YouTube: https://youtu.be/osRgF1HQRVc Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
The logic is simple. Whatever you did to get to where you are now will not be enough to get you where you want to be. If you started, bought or took over a business and had a particular set of skills, those skills will not get you to where you want to be. You are already at the place where your skills can take you. To move forward, you need to invest in yourself if you're going to unlock more cash from your business. Think of it this way: The money your business generates today results from what you know today. Therefore, if you want to create more cash, you must invest yourself. You are arguably generating the best result you can with what you know. There is no way to earn a return without investing. Investing in yourself so you can support your business is the key to unlocking more cash. Said a different way, investing in yourself will not produce less money in your business, so why not make an investment and see what happens. Tune in today to discover how you can unlock cash in your business. Watch this episode on YouTube: https://youtu.be/YVZuwQ76Lf4 Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Running a business and generating cash is tough. I am often asked, "what should business owners invest in" once they have made it out of the Struggling Quadrant. The most popular leading answer I receive is real estate, real estate and real estate. There is a common belief amongst business owners suggesting that owning the real estate their business operates out of is an excellent investment and use of their cash flow. In this blog entry, I will provide a different perspective that I believe provides a better return on cash compared to owning real estate. In my experience, I have learned the hard way that the best investment returns result from unlocking value in my business. Tune in today to learn where you should invest if you are a business owner. Watch this episode on YouTube: https://youtu.be/s2arv888tYQ Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Want to chat? Book a time: http://bit.ly/2rdDto2 Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including: [0:26] On-demand labour service update [2:25] How do I hand my business over to someone? [3:16] Blindspots we have as owners [6:52] Who is your perfect customer? [13:49] What value does your business offer customers? [15:27] How is your product/service best made for? [16:35] Why do customers use your business? Watch this episode on YouTube: https://youtu.be/VxhaLDzkuGQ Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including: [1:05] On-demand labour service update [2:27] I am glad I spent time on a plan [7:20] Moving from Struggling to Adjusting on the CFQ [8:20] Cash in the bank does not mean you are profitable [9:36] My experience with cash in the bank How to get back on track: [11:07] Why is your business not profitable? [14:07] What do we need to do to correct what went wrong? [17:38] How long is it going to take? [18:27] What resources do we have/need? [19:50] What are our next steps? Watch this episode on YouTube: https://youtu.be/BsvTVnAtLrw Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including: [1:39] Coin laying off 18% of its workforce [5:19] Don't be “that” entrepreneur or business owner [8:48] Netflix down 70% - uniqueness doesn't last forever [12:12] What is your unique competitive advantage? [15:03] 80/20 rule for entrepreneurs and business owners Watch this episode on YouTube: https://youtu.be/-zCYcRKu_Y8 Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including: [1:16] Tweet - I could have made more money working for someone else [3:00] Cash flow quadrant for business owners [4:19] It's hard to run a business [4:48] Why bother having a business? [6:11] Why I started a business [10:47] What is an entrepreneur's job? [12:52] Why own a business? [18:32] Why wake up every morning and go to work? Watch this episode on YouTube: https://youtu.be/2gctRNM1KEc Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including: [2:03] Creating value versus consuming value Tweet [15:40] “what happens if we can make payroll?” Market [19:55] 18-24 months of needing to be careful Watch this episode on YouTube: https://youtu.be/SYrsqQGhtQc Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including: [00:53] Cash Flow Quadrant recap [4:58] Multiple sources for revenue [9:15] I stopped learning Tweet [14:39] Marshmallow experiment [20:58] Don't bury your head in the sand Watch this episode on YouTube: https://youtu.be/gOrw2VlQcrk Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including: [1:15] Cash Flow Quadrant for Business Owners [3:46] Managing personal burn rate [5:26] Planning cash for our busy season [6:56] On demand labour platform update [8:56] Law of small numbers and maximizing what you have Market News [13:19] Layoffs and more jobs than ever are available [15:54] US to raise rates to force inflation down [19:09] Money doesn't disappear - it moves Tweet [21:57] Wishful thinking Watch this episode on YouTube: https://youtu.be/qu38bIYUadE Cash Flow Quadrant for Business Owners https://wp.me/p2Ckbx-1BD Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including: [00:58] Working on measured growth opportunities [4:02] Managing tight cash flow [7:21] Creating versus managing value Market News [9:29] Inflation is real and silent [14:03] Crypto is unraveling [19:24] Labour unionization strategy for Starbucks Tweets [24:52] Your business is not (most times) an ATM machine [27:55] Use this time to build skills, solve problems [30:54] Conflict delayed is conflict multiplied Watch this episode on YouTube: https://youtu.be/uEBfQjnTMMg Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.ca dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog
Tune in for dylan's updates including: [1:44] Real estate deal update [3:42] On demand labour update [6:52] Because of COVID we are lean and now need to grow Market News [8:38] Elon Musk / Twitter [11:13] Amazon Netflix 1 month charts [14:34] Unionization for Starbucks and Amazon Tweets [18:24] The further you are from the last bottom… [21:06] There is no way around it - every win requires a certain *volume* of failure [26:10] What you're currently trying to solve with process and policy is probably better solved by hiring better people Watch this episode on YouTube: https://youtu.be/zbTkqxoVnXc Follow Dylan on Twitter: @dylangallagher Connect with dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan dylan's blog and podcast: https://dylangallagher.ca
Tune in today as Dylan goes through his recent tweets about: - limited time, limited resources - getting the *right* people on your team - competing on price Follow Dylan on Twitter: @dylangallagher Watch the video for this episode: https://youtu.be/TWIVT-rY87o Get your free instant business evaluation at: www.mlenow.com ---------------------------------------------- Connect with Dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.ca dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog
Tune in today as Dylan goes through his recent tweets about: - cash flow management - not getting too far ahead of yourself - telling your competitors everything Follow Dylan on Twitter: @dylangallagher Watch the video for this episode: https://youtu.be/ciwgZPbEGtQ Get your free instant business evaluation at: www.mlenow.com ---------------------------------------------- Connect with Dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.ca dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog
Tune in today as Dylan goes through his recent tweets. Follow Dylan on Twitter: @dylangallagher Watch the video for this episode: https://youtu.be/U7rjkPu6ebg Get your free instant business valuation at: www.mlenow.com ---------------------------------------------- Connect with Dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.ca dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog * music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Tune in today as Dylan goes through his recent tweets. Follow Dylan on Twitter: @dylangallagher Watch the video for this episode: https://youtu.be/EX4MGtb9BeE Get your free instant business valuation at: www.mlenow.com ---------------------------------------------- Connect with Dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.ca dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog * music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Join guest host Chris Strom as he interviews Dylan Gallagher of Bridge Capital. This episode is full of detailed, practical tips on how to apply HubSpot to different uses in different businesses. If you're looking for tactical HubSpot advice, this is the episode for you. You can listen to other "The Marketing Hero" podcast episodes here: https://podcasts.apple.com/us/podcast/the-marketing-hero-podcast/id1522943821 ---------------------------------------------- Get your free business valuation here: www.mlenow.com Connect with Dylan on LinkedIn: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.ca dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog * music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Tune in today as Dylan chats with Erica Rankin of Bro Dough about starting and running a CPG business as well as her journey as a female entrepreneur. Erica Rankin is a young Canadian entrepreneur who took a passion and turned it into a business. Launched in 2019, Bro Dough was created for consumers who prioritize their health and still want to enjoy a treat, without sacrificing their health or fitness goals. You can connect with Erica Rankin here: https://www.linkedin.com/in/ericabrodough/ http://www.brodough.ca/ Watch the live stream of this episode with Erica here: https://youtu.be/7_nyhvTMg9Q ---------------------------------------------- Get your free business valuation here: www.mlenow.com Connect with Dylan on LinkedIn: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.ca dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog * music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Tune in today as Dylan chats with Ken Tarry of Sequeira Partners about what entrepreneurs should know about selling their business. Ken Tarry is Co-founder and Managing Partner at Sequeira Partners. Ken assists clients with all aspects of advisory services including business sales, valuations, succession planning, and executing merger and acquisition transactions. You can connect with Ken Tarry here: https://www.linkedin.com/in/ken-tarry-mba-3664a02/ https://www.sequeirapartners.com/our-people/ken-tarry/ Watch the live stream of this episode with Ken here: https://youtu.be/9UmLzq5GyFU ---------------------------------------------- Get your free business valuation here: www.mlenow.com Connect with Dylan on LinkedIn: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.ca dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog * music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Tune in today as Dylan chats with Rick Anderson of MNP about business bankruptcy and what entrepreneurs should know. Rick Anderson is the Vice President at MNP LTD. with expertise in forensic and insolvency consulting. Rick spends his time working with owners and entrepreneurs to get the best outcome possible for businesses that are unable to meet their financial obligations. You can connect with Rick Anderson here: https://www.linkedin.com/in/rick-anderson-5b007a18/ https://mnpdebt.ca/en/personnel/rick-anderson Watch the live stream of this episode with Rick here: https://youtu.be/p9F9Sylx-Yk ---------------------------------------------- Fix Your Business Course here: https://dylangallagher.ca/fix-your-business/ Get your free business valuation here: www.mlenow.com Connect with Dylan on LinkedIn: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.ca dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog * music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Tune in today as Dylan chats with Andy Smith of Blacksmith Ventures about entrepreneurs that need some direction in how to grow their business. Andy Smith is a two time entrepreneur and most recently the Co-Founder & CEO of BlackSmith Ventures which is helping founders of real American businesses grow, scale, & thrive. You can connect with Andy Smith here: https://linktr.ee/andysmithsmith https://linktr.ee/blacksmithventures Watch the live stream of this episode with Andy here: https://youtu.be/itwBLMc-oGU ---------------------------------------------- Get your free business valuation here: www.mlenow.com Connect with Dylan on LinkedIn: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.ca dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog * music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
The New Year is here and in full swing. Tune in today as Dylan shares what he hopes to work on over 2022. Get your free instant business valuation at: www.mlenow.com ---------------------------------------------- Connect with Dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.ca dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog * music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Every entrepreneur should know this revenue trick. Tune in today as Dylan shares how you can apply it to your business. Get your free instant business valuation at: www.mlenow.com ---------------------------------------------- Connect with Dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.wordpress.com dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog * music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Special Episode from Dylan's YouTube Channel. Tune in today as Dylan goes through a basic business valuation. See the rest of the YouTube episodes here: https://youtu.be/qeweGu-93UU Get your free instant business valuation at: www.mlenow.com ---------------------------------------------- Connect with Dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.wordpress.com dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog * music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Every day do something. Game of inches. Tune in today as Dylan shares the results he has been able to get following this simple rule. Get your free instant business valuation at: www.mlenow.com ---------------------------------------------- Connect with Dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.wordpress.com dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog * music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Finding a way to generate one more transaction per customer per year can have a big impact on your business. Every business has an opportunity to get one more transaction from most of their clients every year - even if that includes a referral. Tune in today as Dylan talks through this thought exercise. Get your free instant business valuation at: www.mlenow.com ---------------------------------------------- Connect with Dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.wordpress.com dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog * music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
The best type of revenue a business can generate is organic revenue. The hardest type of revenue to generate is organic revenue. Paid revenue means your business will lose the revenue to the next company that pays a higher price. Organic revenue means your business owns its customers. Tune in today as Dylan shares his thoughts on paid and organic revenue. Get your free instant business valuation at: www.mlenow.com ---------------------------------------------- Connect with Dylan on LinkedIn at: https://www.linkedin.com/in/gallagherdylan dylan's blog: https://dylangallagher.wordpress.com dylan's vlog: https://www.youtube.com/c/DylanGallagherVlog * music by Cade Gallagher www.soundcloud.com/cadegallaghermusic