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Have you ever wondered exactly what a Franchise is? We dig deep in to the difference between a license agreement in a business and a franchise in this episode with our guest, Andrew Sherman. We also talk about employee engagement and disengagement. Great episode FULL of business information.Andrew J. Sherman of Brown Rudnick is a partner in the Firm's Corporate Practice Group and co-practice group leader of the Emerging Growth Companies & Venture Capital Group. A recognized authority on the legal and strategic aspects of business growth, Andrew's practice is concentrated on domestic and international franchising, mergers and acquisitions, and corporate counseling.Andrew has written nearly 30 books on the legal and strategic aspects of business growth, franchising, capital formation, and the leveraging of intellectual property, most of which can be found on Amazon. He also has published many articles on similar topics and is a frequent keynote speaker at business conferences, seminars, and webinars. Main Topics: 02:13 What is a UFOC, now a FDD?03:52 If you have these 3 legs of the stool, you have a franchisee! 06:20 Are you licensing a concept or franchising a concept?09:26 Where does a business cross the line into Franchising?16:23 The biggest challenges & what can we do better19:09 Percentage of Employee Engagement by a Gallop study23:11 What Leaders of Franchisors need to actively include in their strategic planning meetings!25:05 What is the foundation of the disengagement & what do people need?28:00 Tolerate is a very dangerous word29:55 What was the goal of today? Connect Andrew J. Shermanhttps://brownrudnick.com/https://www.amazon.com/stores/Andrew-J.-Sherman/author/B001JP9TUC?ref=ap_rdr&store_ref=ap_rdr&isDramIntegrated=true&shoppingPortalEnabled=true Connect with Adam:https://www.startwithawin.com/https://www.facebook.com/AdamContosCEOhttps://twitter.com/AdamContosCEOhttps://www.instagram.com/adamcontosceo/
For this week's episode, Michael interviews Tom McMeekin. He's a financier, debt adviser, coach & strategist, and Tom is based in Hobart, Tasmania, Australia. Tom gets what it takes to be a banker, his experience and certifications will vouch for his reputation. In the past 25 years, Tom specialized in assisting small-medium business owners, specifically in working capital and debt funding. Tom focuses on the mastery of cash flow, that before business owners will embark on a change, they have to make sure that the cash flow is sufficient. The reason things don't usually go as planned and that there hasn't been a project that didn't have complications. However, with a cash flow plan paired with clever leverage of debt you can “plan for the worst but expect the best.” This Cast Covers: Generating capital through debt funding. Understanding cash requirements for each business goal. Seeing business as a team sport. Outsourcing a particular problem if you're not equipped for it. Keeping in mind capitalization whilst making growth objectives. Generating income from the debt made. Not forgetting the last thing, which is taxes. Monitoring the balance sheet. Mastery of cash flow. Links: Tom's Linkedin Tom's University of Tasmania Profile Additional Resources: Raising Money: Get the Money You Need To Grow Your Business by Andrew J. Sherman Quotes: “Quite often people will come up with a good idea or have some ideas that they're trying to execute, but not understand the cash requirements for each one.” — Tom McMeekin. “If you don't have the skill, it's not a particular problem, you need to outsource it.” — Tom McMeekin. “Spending time building out those forecasts with the right people on your team, I think is critical.” — Tom McMeekin. “You can plan for the worst but expect the best.” — Tom McMeekin. “If you're leveraging to generate income, who cares how much debt you've got.” — Tom McMeekin. Music from https://filmmusic.io “Cold Funk” by Kevin MacLeod https://incompetech.com. License: CC by http://creativecommons.org/licenses/by/4.0
The story of Intellectual Property does not end with registration or protection, it merely begins! Discover with Andrew J. Sherman the many ways to harvest intangible assets.
'If I don't understand the cost of selling the product, how to price and how to monetize it, I'm kind of screwed. Right? And that's why 70 to 90% of startups fail, they start with that first bucket, and they don't look at the second bucket.'' – Dave Parker.Each week on the podcast, we are joined by inspiring business builders who openly discuss their entrepreneurial journey with us, sharing how they obtained their first customers and revealing what worked and what didn't throughout the growing process. This week, listeners are in for a double treat as joining Conor on the show is tech guru and five-time founder, investor, coach, and author Dave Parker. Dave was formerly the VP of Programs at UP Global (Startup Weekend & Startup America) which Techstars purchased. So much ground gets covered in this episode. We learn how to think about value, the importance of understanding your revenue model, and how to perfect your pricing. Dave has helped numerous founders across the globe achieve startup success and is a library of knowledge when it comes to launching a viable business. Not only does Dave offer golden advice for startups, but Dave also gives us the inside scoop of what it is like to reach the finishing line of exiting and selling a company. Key points throughout the discussion include: An introduction to Dave Parker. The first-time founder experience. Leveraging salesforce to grow your business. The reality of striking viral co-efficient. Finding the lifetime value of a product. What is a business model?The role of maths in business.Understanding revenue models and the importance of keeping your eyes on the numbers.Scaling for exit: an insight to selling a business and why you should always seek help when selling.The advantages of knowing your market and creating competition. Establishing product market-fit and traction.Dave's advice for obtaining your first 10 customers.Resources:https://www.fearless.fund/ Book: Trajectory: Startup – Ideation to Product/Market Fit by Dave Parker. https://www.dkparker.com/books/ Book: Mergers & Acquisitions – From A to Z by Andrew J. Sherman https://www.amazon.co.uk/Mergers-Acquisitions-Andrew-J-Sherman/dp/0814413838 Connect with Dave Parker:https://www.dkparker.com/ https://www.linkedin.com/in/daveparker/ https://twitter.com/daveparkersea https://www.facebook.com/DKParkerLLC/ Connect with First 10 Podcast host Conor McCarthy: https://www.first10podcast.comhttps://twitter.com/TheFirst10Podhttps://www.linkedin.com/in/comccart/Check out my podcast partners!Buzzsprout: https://www.buzzsprout.com/?referrer_id=1389931Otter: https://otter.ai/referrals/ETRNKY16Calendly: https://calendly.grsm.io/ilev18qxpn1eProduced in partnership with p
Author Andrew J. Sherman shares insights and expertise gleaned from his work with some of the world's leading companies who have capitalized on intellectual assets such as patents, trademarks, customer information, software codes, databases, business models, home-grown processes, and employee expertise. Featuring instructive examples from organizations including Proctor & Gamble, IBM, and Google, Harvesting Intangible Assets reveals how companies large or small can uncover their intellectual property rights that are hiding just below the strategic surface. You'll learn how to implement IP-driven growth and licensing strategies, foster a culture of innovation, turn research and development into revenue, and maximize your company's profits. Smart companies reap what they sow.
“Civility begins with being civil to you.” Andrew J. Sherman, Author and Partner at Seyfarth Shaw, and Shelby Joy Scarbrough, Author and Entrepreneur, talk about the trends in the workplace when it comes to employee mental wellness and disengagement/productivity in the pre-COVID as well as the COVID world. Both guests discuss how the pandemic has affected civility and mental fitness of different generations in the workforce inversely. Join in on the conversation on how employers can help bridge the generational gap in the workforce through facilitating a dialogue around mental fitness – because #WeAreEveryone
Andrew J. Sherman, Partner at Seyfarth Shaw LLP, and Molly Gravholt, CFO at Community Health Charities, discussed strategies on how non-profits can innovate and thrive in a COVID-19 environment through tapping into digital and thinking about new ways to raise money, create revenue streams, and drive growth during these unprecedented times.
Author Andrew J. Sherman shares insights and expertise gleaned from his work with some of the world's leading companies who have capitalized on intellectual assets such as patents, trademarks, customer information, software codes, databases, business models, home-grown processes, and employee expertise. Featuring instructive examples from organizations including Proctor & Gamble, IBM, and Google, Harvesting Intangible Assets reveals how companies large or small can uncover their intellectual property rights that are hiding just below the strategic surface. You'll learn how to implement IP-driven growth and licensing strategies, foster a culture of innovation, turn research and development into revenue, and maximize your company's profits. Smart companies reap what they sow.
Andrew J. Sherman, Entrepreneur, Author of 26 books, and Corporate Attorney at Seyfarth Shaw, joins us to discuss how the trilogy of innovation, governance and engagement will impact the future of the U.S. workforce.
Andrew J. Sherman is a Partner and Chair of the Washington, D.C. Corporate Department of Seyfarth Shaw Limited Liability Partnership and He focuses his practice on issues affecting business growth for companies at all stages. He has served as legal and strategic advisor to dozens of Fortune 500 companies and hundreds of emerging growth companies. He has represented U.S. and international clients from early stage, rapidly growing start-ups, to closely held franchisors and middle market companies, to multibillion dollar international conglomerates. Andrew has written nearly 30 books on the legal and strategic aspects of business growth, franchising, capital formation, and the leveraging of intellectual property, most recently of which is his new book, The Crisis of Disengagement: How Apathy, Complacency, and Selfishness are Destroying Today’s Workplace. And before we actually talk about this new book of yours, Andrew, why don’t you give us an overview of your career path and just how you got to where you are today... but I’m going to add a twist here if that’s alright, because I’d also like you to talk a little bit about what you’ve seen in your career that inspired you to write The Crisis of Disengagement. Show Notes: http://yourbestmanager.com/andrewsherman
The buzz: Your business wish list Wishing and hoping for a crystal ball to see what 2015 may bring for your company, industry and the world? We've got the next best thing. On our three-part Predictions 2015 Special, you'll hear 40 thought leaders' insights on the technologies, strategies, and trends that can help you grow and compete better in 2015 and beyond. Pour a cup of Joe, Earl, or Dom, and join us on Dec. 17 for SAP Game-Changers Radio 2015 Predictions – Part 2 live, with Kerry Brown, SAP; Jeff Tanner, Baylor University; Stacey Perrin, SAP; Gary Cokins, Analytics-Based Performance Management; Frank Rust, SOMMERRUST; John Ragsdale, TSIA; Jaco Van Eeden, Deloitte; Florian Brody, SAP; Nataraj Ganapathy, Cogent Integrated Business Solutions; Reuven Gorsht, SAP; Falk Rieker, SAP; Kaan Turnali, SAP; Steve Player, Beyond EPS Advisors; Andrew J. Sherman, Jones Day. Hear Predictions Part 1 (Dec. 10) on-demand at ow.ly/FE4jB. Happy holidays from SAP Game-Changers Radio.
The buzz: Your business wish list Wishing and hoping for a crystal ball to see what 2015 may bring for your company, industry and the world? We've got the next best thing. On our three-part Predictions 2015 Special, you'll hear 40 thought leaders' insights on the technologies, strategies, and trends that can help you grow and compete better in 2015 and beyond. Pour a cup of Joe, Earl, or Dom, and join us on Dec. 17 for SAP Game-Changers Radio 2015 Predictions – Part 2 live, with Kerry Brown, SAP; Jeff Tanner, Baylor University; Stacey Perrin, SAP; Gary Cokins, Analytics-Based Performance Management; Frank Rust, SOMMERRUST; John Ragsdale, TSIA; Jaco Van Eeden, Deloitte; Florian Brody, SAP; Nataraj Ganapathy, Cogent Integrated Business Solutions; Reuven Gorsht, SAP; Falk Rieker, SAP; Kaan Turnali, SAP; Steve Player, Beyond EPS Advisors; Andrew J. Sherman, Jones Day. Hear Predictions Part 1 (Dec. 10) on-demand at ow.ly/FE4jB. Happy holidays from SAP Game-Changers Radio.
The buzz: Your business wish list Wishing and hoping for a crystal ball to see what 2015 may bring for your company, industry and the world? We've got the next best thing. On our three-part Predictions 2015 Special, you'll hear 40 thought leaders' insights on the technologies, strategies, and trends that can help you grow and compete better in 2015 and beyond. Pour a cup of Joe, Earl, or Dom, and join us on Dec. 17 for SAP Game-Changers Radio 2015 Predictions – Part 2 live, with Kerry Brown, SAP; Jeff Tanner, Baylor University; Stacey Perrin, SAP; Gary Cokins, Analytics-Based Performance Management; Frank Rust, SOMMERRUST; John Ragsdale, TSIA; Jaco Van Eeden, Deloitte; Florian Brody, SAP; Nataraj Ganapathy, Cogent Integrated Business Solutions; Reuven Gorsht, SAP; Falk Rieker, SAP; Kaan Turnali, SAP; Steve Player, Beyond EPS Advisors; Andrew J. Sherman, Jones Day. Hear Predictions Part 1 (Dec. 10) on-demand at ow.ly/FE4jB. Happy holidays from SAP Game-Changers Radio.
The buzz: Your business wish list Wishing and hoping for a crystal ball to see what 2015 may bring for your company, industry and the world? We've got the next best thing. On our three-part Predictions 2015 Special, you'll hear 40 thought leaders' insights on the technologies, strategies, and trends that can help you grow and compete better in 2015 and beyond. Pour a cup of Joe, Earl, or Dom, and join us on Dec. 17 for SAP Game-Changers Radio 2015 Predictions – Part 2 live, with Kerry Brown, SAP; Jeff Tanner, Baylor University; Stacey Perrin, SAP; Gary Cokins, Analytics-Based Performance Management; Frank Rust, SOMMERRUST; John Ragsdale, TSIA; Jaco Van Eeden, Deloitte; Florian Brody, SAP; Nataraj Ganapathy, Cogent Integrated Business Solutions; Reuven Gorsht, SAP; Falk Rieker, SAP; Kaan Turnali, SAP; Steve Player, Beyond EPS Advisors; Andrew J. Sherman, Jones Day. Hear Predictions Part 1 (Dec. 10) on-demand at ow.ly/FE4jB. Happy holidays from SAP Game-Changers Radio.
Howard Lewinter welcomes Andrew J. Sherman to the Wednesday Edition of Talk Business With Howard Radio. Andrew is the author of the business book, Harvesting Intangible Assets: Uncover Hidden Revenue In Your Company's Intellectual Property. Does your company dig deep enough to recognize the wealth of revenue-producing opportunities that may be hiding just below the strategic surface? If not, your company could be short-changing its future and the impact to the bottom line: profit. Howard's business conversation with Andrew is certain to be informative for CEOs, presidents and business owners. Andrew J. Sherman is a partner in the Washington DC office of Jones Day. His approach to leveraging intellectual assets was a cover story for Inc. magazine.
On the Wednesday Edition, Howard Lewinter welcomes guest, Andrew J. Sherman of Jones Day in Washington D.C. Andrew is a recognized international authority on the legal and strategic issues affecting small and growing companies. He has taught courses on business growth, capital formation and entrepreneurship at prestigious universities. In addition, Andrew is the author of 26 books on the legal and strategic aspects of business growth and capital formation, including the book: Harvesting Intangible Assets.
Join nationally recognized multi-media radio talk show host and award winning producer Patricia Raskin, as she interviews Andrew J. Sherman, is a partner in the Washington D.C. office of Jones Day and top-rated Adjunct Professor in the MBA and Executive MBA programs at the University of Maryland and at Georgetown University Law School.Andrew Sherman works with some of the world's leading companies. He will discuss his newest book, Harvesting Intangible Assets: Uncover Hidden Revenue in Your Company's Intellectual Property, which was the subject for a cover story for Inc. Magazine.
Join nationally recognized multi-media radio talk show host and award winning producer Patricia Raskin, as she interviews Andrew J. Sherman, is a partner in the Washington D.C. office of Jones Day and top-rated Adjunct Professor in the MBA and Executive MBA programs at the University of Maryland and at Georgetown University Law School.Andrew Sherman works with some of the world's leading companies. He will discuss his newest book, Harvesting Intangible Assets: Uncover Hidden Revenue in Your Company's Intellectual Property, which was the subject for a cover story for Inc. Magazine.
Patricia interviews Andrew J Sherman, business lawyer, professor at the Robert H. Smith School of Business at the University of Maryland, and author of the book Road Rules: Be the Truck Not the Squirrel. An author of 17 business books, this is his first book on personal growth and life planning. The time you spend behind the wheel, however uninspiring it may be, teaches you more about life's most meaningful lessons than you might think. Andrew will issue a special publication of Road Rules to benefit the Mothers Against Drunk Driving (MADD) organization.
Join Kathryn and Dr. William Cooper, Chief of Cardiovascular Surgical Services at Wellstar Kennestone Hospital and Assistant Professor of Cardiothoracic Surgery at Emory University School of Medicine. They will discuss keeping your heart healthy with the three pillars or keys to heart health. Also joining Kathryn is Andrew J. Sherman, Esq. attorney and business strategist who turns his attention towards personal growth in his new book, ROAD RULES: Be The Truck. Not The Squirrel. From stop signs to yield signs, from double yellow lines to turn signals, even a routine drive to the grocery store can teach us important life lessons.
Join Kathryn and Dr. William Cooper, Chief of Cardiovascular Surgical Services at Wellstar Kennestone Hospital and Assistant Professor of Cardiothoracic Surgery at Emory University School of Medicine. They will discuss keeping your heart healthy with the three pillars or keys to heart health. Also joining Kathryn is Andrew J. Sherman, Esq. attorney and business strategist who turns his attention towards personal growth in his new book, ROAD RULES: Be The Truck. Not The Squirrel. From stop signs to yield signs, from double yellow lines to turn signals, even a routine drive to the grocery store can teach us important life lessons.