Podcasts about Billion Dollar Buyer

NAB has announced a $1.75 billion cash profit for the past three months, but it's facing a pesky problem from its customers. Origin Energy has announced a record annual profit… but its shares had a bit of a blackout, with a 10% dip after some red flags for the upcoming year. Paramount Global's shares have jumped 7% as a surprise new entrant prepares a counteroffer for the media giant. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatworkDownload the free app (App Store): http://bit.ly/FluxAppStoreDownload the free app (Google Play): http://bit.ly/FluxappGooglePlayDaily newsletter: https://bit.ly/fluxnewsletterFlux on Instagram: http://bit.ly/fluxinstaFlux on TikTok: https://www.tiktok.com/@flux.finance—-The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

This is Multi-Billionaire Tilman Fertitta's Ultimate Advice for Becoming Successful from a Young Age.►Special thanks to Tom Bilyeu! Check out their awesome channel here: http://bit.ly/ImpactQuotes►Inspired? Get Tillman's new book "Shut Up and Listen": https://amzn.to/34YjTh1Speaker: Tillman FertittaTilman Fertitta, also known as the Billion Dollar Buyer, started his hospitality empire thirty years ago with just one restaurant. Over the years he's stayed true to the principles that helped him scale his business to what is believed to be the largest single-shareholder company in America, with over $4 billion in revenue, including hundreds of restaurants (Landry's Seafood, Bubba Gump Shrimp Company, Morton's Steakhouse, Mastro's, The Chart House, Rainforest Café, and over forty more restaurant concepts) and five Golden Nugget Casinos.Find out more:Twitter: https://twitter.com/TilmanJFertittaMusic: AudiojungleDisclaimer: Some of the links above may be affiliate links. If used to make a purchase, we may receive a commission. Thank you for your continued support! Hosted on Acast. See acast.com/privacy for more information.

Marion Downs: https://mariondowns.org/ https://en.wikipedia.org/wiki/Marion_Downs_(audiologist)#:~:text=Marion%20Downs%20(January%2026%2C%201914,adopt%20the%20testing%20in%20hospitalshttps://www.who.int/pbd/deafness/activities/IECD_2015_Press_Release_EN.pdf?ua=1#:~:text=When%20the%20exposure%20is%20particularly,of%20eight%20hours%20per%20day.https://www.who.int/news-room/events/detail/2020/03/03/default-calendar/world-hearing-day-2020-hearing-for-lifehttps://www.who.int/news-room/events/detail/2021/03/03/default-calendar/world-hearing-day-2021-hearing-care-for-allhttps://spectrumnews1.com/ky/lexington/news/2021/03/01/ups-johnson---johnson-vaccine-arrives-in-kentuckyhttps://hearingawarenessacademy.mykajabi.com/www.hearcommunication.comhttps://www.facebook.com/teresabarnesrnhttps://www.facebook.com/hearcommunication/https://www.linkedin.com/in/hearteresabarnesrn/https://www.instagram.com/teresabarnesrn/https://twitter.com/TeresaBarnesRN 

When I had a chance to do a deep dive with our Inner Circle Member Nicole Di Rocco, I knew that I wanted to talk about how Makers and Designers can scale their businesses and still be profitable! In 2003, Nicolita launched Nicolita Swimwear, a no pinch-fit line of bikinis for women that solved that dreaded muffin top struggle. The year she went from sewing her own designs to landing a huge order with Nordstrom taught her a thing or two about scaling while creating profit in her business. Since then, she has been featured on CNN, NBC and even landed the deal with Billionaire Tilman Fertitta on CNBC's hit show, Billion Dollar Buyer. As promised she's sharing her pricing calculator here, so don't wait! Download this slick little tool, and go find more profit in your business. LINKS: www.fashionbizmentor.com/price-to-profits-access-calculator

Meet Brad Strickland, he overcame a learning disability, became an architect, a businessman, and a television personality. He was the season 2 finale winner of BILLION DOLLAR BUYER! Listen to great words of advice and inspiration.

Houston native Tilman Fertitta is an accomplished businessman and self-made billionaire who is often referred to as “the world’s richest restaurateur.” He is the sole owner of Fertitta Entertainment which owns the restaurant giant Landry’s, five Golden Nugget Casinos and Hotels, and the NBA’s Houston Rockets. Fertitta is one of the largest employers in the nation, with more than 60,000 employees. He also is the star of his own reality TV show on CNBC, Billion Dollar Buyer. In his no-holds-barred book, Shut Up and Listen! Fertitta shares advice and strategies to build a successful business. 

Imagine being a basketball fan. Now imagine growing up and BUYING your hometown’s NBA franchise.  Tilman Fertitta is the star of his own reality TV show “Billion Dollar Buyer” on CNBC, and sole owner of the NBA’s Houston Rockets, Golden Nugget Casinos, and 600 other properties under Fertitta Entertainment. He is a Houston Native, accomplished businessman, and recognized as a world leader in the dining hospitality, entertainment and gaming industries, and is often referred to as, “the world’s richest restaurateur.” Fertitta owns more than 600 properties in 36 states and in over 15 countries.  He is also one of the largest employers in the nation, with more than 60,000 employees.  His restaurants include Mastro’s Steakhouse and Ocean Club, Morton’s Steakhouse, Vic & Anthony’s, Bubba Gump Shrimp Company, Dos Caminos, Joe’s Crab Shack, and more.  He’s joining us in just a few minutes to talk about his new book, “Shut Up and Listen: Hard Business Truths That will Help You Succeed” In the book he talks about what he did to turn a $6,000 business loan into a billion dollar empire. He’s joining us in just a few minutes.  There’s still time to pre-order “Fantastic Deals and Where to Find Them” on Amazon. You can put in bit.ly/RBfantasticdeals or just head over to amazon and search for the title. The paperback will be available possibly by the time you hear this and the kindle version will drop on Sep 30. I tell you how I get thousands of deals in my inbox every week. I don’t hold anything back -- and it’s just $3.99. There’s nothing out there like it for the price. We have a piece on our home page about finding deals as well. You can check that out at RogerBlankenship.com. Just scroll to the bottom of the page.  How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.  Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.  Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy.  Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.   Guest: Tilman Fertitta Tilmanisms Hospitality Turning things around when you fail The economy, and preparing for the cycle The characteristics of the entrepreneurial leader News: WeWork CEO Adam Neumann steps down https://www.cnbc.com/2019/09/24/wework-ceo-adam-neumann-is-expected-to-step-down-amid-controversy-and-retain-chair-role-wsj-reports.html ‘Hipsturbia’: It’s What All The Cool Suburbs Are Doing And It’s A 2020 Trend https://www.forbes.com/sites/stephanievozza/2019/09/24/hipsturbia-its-what-all-the-cool-suburbs-are-doing-and-its-a-2020-trend/#1449c9a85870 Zillow Offers expands again, takes over top Texas markets https://www.housingwire.com/articles/50219-zillow-offers-expands-again-takes-over-top-texas-markets Home Offices Are Increasingly in Demand https://magazine.realtor/daily-news/2019/09/23/home-offices-are-increasingly-in-demand Higher interest rates send weekly mortgage applications tanking 10% https://www.cnbc.com/2019/09/25/higher-interest-rates-send-weekly-mortgage-applications-tanking-10percent.html https://www.yieldstreet.com/3-ideas-to-build-wealth-outside-the-stock-market?utm_source=Taboola&utm_medium=cpc&utm_campaign=NEW_WL_Desktop&utm_content=K3i&cnbc&recirc=taboolaexternal  Your Questions: Send emails to questions@rogerblankenship.com Patricia, Charlotte, NC, “What is the website where I can list my wholesale deal?” Julia, Port St. Lucie, FL “Have you considered selling the paper on your small houses? I’m interested in buying.” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message!  Motivational Thoughts for the day   "There are no spare customers." -Tilman Fertitta  

Leah Caplanis is the founder and CEO of SOCIAL Sparkling Wine, a company she launched in 2014 after successfully battling and beating cancer.At 26, Caplanis was diagnosed with thyroid cancer and instead of the traditional surgery route, she took control of her health, became vegan, stopped drinking alcohol and explored more holistic ways to heal. During her journey, she studied at Hippocrates Health Institute and Kushi Institute for Macrobiotics in Massachusetts.After three years on her healing path, her cancer was cured and Caplanis was ready to get her social life back without compromising her passion for health and wellness. During her recovery, she realized that there were no clean alcohol options on the market. With the help of expert brew master Ray Klimovitz, co-founder of Izze Sparkling Soda, she developed a truly clean alcohol beverage, and soon, SOCIAL Sparking Wine, an organic, low-calorie, gluten and sulfite free sparkling sake wine, was born.Prior to launching SOCIAL Sparkling Wine, Caplanis worked in sales and marketing for Nestle USA. She holds an MBA from the University of Chicago’s Booth School of Business and a bachelor’s degree from Western Michigan University. Dedicated to empowering people to live a more vibrant, connected, happy and healthy life, she is also Level II Reiki certified.Caplanis has been featured on CNBC’s Billion Dollar Buyer and profiled in numerous major news publications and broadcasts, and is frequently asked to speak at major conferences, including LA Women’s Expo and Digital Hollywood. She currently resides in Chicago and California. @socialsparklingwine@social.leahhttps://www.socialsparklingwine.com SOCIAL Sparkling Wine is currently available in over 4,000 locations in almost every state in the United States. The company is looking forward to expand in the next year to Canada, Europe and Asia Pacific. Leah is also very focused on development, with new products including flavored water and herbal-based liqueurs.The Positive Phil Podcast Show, a podcast, available on iTunes, Spotify, iHeartRadio, where Positive Phil talks about personal stories, events and engaging interviews; with famous people, celebrities, athletes, authors, spiritual educators, thought leaders, as well as others in the social, business and entertainment industry.Airing on over 300 digital channels, including iHeart Radio, Spotify, StitcherFm, Google Podcast and published online via RSS feeds globally. The show has been around for almost 4 years and is one of the most popular podcast shows on the internet in the business-motivation space.Professional radio, tv, podcast host and producer from San Diego California.  We have a large national following on digital media channels, with our popular podcast and network of shows. Airing on iHeart Media, iTunes, Spotify, Spreaker, Stitcher, PlayerFM and over 200 additional media channels.https://www.positivephil.com

Today on Rise of The Young I sit down with the billionaire Tilman Fertitta and talk about his journey as a successful restaurant entrepreneur. Tilman Fertitta is an American businessman and television personality on the hit show Billion Dollar Buyer. He is the chairman, CEO, and sole owner of Landry's, Inc., one of the largest restaurant corporations in the U.S. Also, he is the sole owner of the Houston Rockets which he bought in 2017 for $2.2 billion. On this episode we talk about his journey, and go over what it takes to build a multi-billion dollar empire. His new book "Shut Up and Listen," comes out on September 17th, and you can pre-order the book by clicking on the link down below. Enjoy this episode, and make sure to leave a review on iTunes!Pre-order Tilman's new book "Shut Up and Listen" today: https://bit.ly/shutupandlistenbookInterviews from when he purchased the Houston Rockets:Watch this: https://youtu.be/RykvPibLaN0Billion Dollar Buyer clip discussing his 95:5 rule in his book:https://youtu.be/JBIYLAOwXqUInterviews from his show Billion Dollar Buyer:https://www.cnbc.com/video/2016/04/19/millennials-can-be-hard-hitting-tilman-fertitta.htmlFollow Tilman Fertitta on Instagram: https://www.instagram.com/tilmanfertitta/?hl=en

During this episode, Tilman Fertitta, Chairman, and CEO of Landry's Inc. and Golden Nugget Hotel & Casinos, Houston Rockets Owner, CNBC's Billion Dollar Buyer, and Author talks to your host Travis Chappell. Learn about how Tilman built up his restaurant empire, became the owner of his beloved home basketball team the Houston Rockets, and what you can expect from his book “Shut Up and Listen: Hard Business Truths,” published by HarperCollins.  Episode Highlights:  Where did Tilman’s desires for business come from during his early years?  What was it like to transition from being a teenager to being a young adult?  Was his intention originally to build his restaurant business this big or did he take it moment-to-moment?   How did the transition from his first restaurant to the next?  How did his interest in purchasing the Houston Rockets come into play?  What did the purchase of the Houston Rockets mean to Tilman Fertitta as a local fan?   How confident is Tilman about the Rockets ability for success in the 2019-2020 NBA season? What was Tilman’s path to becoming an author of “Shut Up and Listen?” What does Tilman mean by “be plappy” and “be the bull?” Does he believe that who you know is more important than what you know? What profession other than his own does he think it would be fun to attempt?  If he could talk to someone past or present who would it be, and why?  How does he like to consume content: books, audiobooks, blogs, podcasts, or videos?  What is a book that he would recommend to everyone listening?  What is Tilman’s morning routine like? What is his go-to pump up song?  What is something that he is not very good at?  3 Key Points: Tilman Fertitta is the world’s richest restaurateur.  The “Big Box Theory” of investing in big money-makers like the casino business and the Houston Rockets NBA team has been very beneficial to Tilman Fertitta.  Tilman Fertitta paid $2.2 billion for the Houston Rockets.  Tweetable Quotes: “When you have an entrepreneurial brain, some of it is genetic and it is just the way you are born.” – Tilman Fertitta “You always take everything moment-to-moment and continue to set goals and be very opportunistic. I would say that the biggest thing about being an entrepreneur is being very opportunistic.” – Tilman Fertitta “What gave me the opportunity to buy the Rockets and pay more than anyone had ever paid for a sports franchise in America was the fact that I owned 100% of my company.” – Tilman Fertitta Resources Mentioned:  Visit Travis’ website at Buildyournetwork.co (http://www.buildyournetwork.co/)   Join the Build Your Network Facebook group BYN.media/fb (https://www.facebook.com/groups/byncommunity/) Join the Build Your Network University Facebook group here byn.university (https://www.facebook.com/login/?next=https%3A%2F%2Fwww.facebook.com%2Fgroups%2Fbynuniversity) Leave a rating and review for the Build Your Network Podcast on iTunes (https://podcasts.apple.com/us/podcast/build-your-network/id1268488944) Watch Travis’ free masterclass on how to build the network of your dreams at threenetworkingsecrets.com (https://threenetworkingsecrets.com/webinar-registration30876682) Get equity-free investments from Clearbanc at clearbanc.com/travis (https://www.20mintermsheet.com/?utm_source=travis&utm_medium=podcast&utm_campaign=pod2) Try ZipRecruiter for free at acast.com/privacy (https://www.acast.com/privacy)

What can you do to step up your social media game? Today, social media wiz Lauren Underwood gives us some of her favorite tips and strategies for maximizing your time marketing your business online. Lauren has worked in Social Media since 2009 when she developed the Social Media and Reputation Management program for Camden Property Trust. Her work included Social Media training, as well as extensive work in the customer’s online experience. In 2015, Lauren moved to Landry’s Inc where she managed over 27 brands, including McCormick & Schmick’s, Saltgrass Steakhouse, Golden Nugget, Bubba Gump Shrimp Co, and Morton’s Steakhouse. Her work also included Social Media for the hit CNBC television show, Billion Dollar Buyer. In 2017, Lauren returned to her hometown of Corpus Christi and started her own Social Media agency, Inspiring Social, to give her the opportunity to work with small, local businesses as well as focus on her family. Lauren Underwood has a Bachelor of Arts from Texas A&M University in College Station. She is the proudest member of the Fightin’ Texas Aggie Class of 2004. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/pencilskirtsociety/support

“If you don’t know your numbers you don’t know your business !!” Marcus Lemonis, from the popular TV series The Profit. Welcome, you’re here at The Beacon, so glad you found us! Prepare to have your Blind Spots Illuminated! Hello and welcome to our series on “Cracking the Code”, or alternatively, “Deciphering Your Practice’s Financial Statements”. We will spend the next 3 Podcasts reviewing, deconstructing and dissecting the 3 financial statements you should be reviewing at least monthly; the balance sheet, the income statement (P&L) and the statement of cash flows. If you are like most doctors, financial statements are that “Stack of Stuff” your accountant sends you every month, but you tend to ignore! You may take a peek at a few areas you understand, Income, revenue, expenses, and of course profit, it all looks ok so not wanting to throw it out you add it to the constantly growing stack of stuff you know is important and will get to one day, but that one day never seems to come!! You secretly may be intimidated by these reports, but are too busy, proud or embarrassed to ask for help understanding them. I believe this is why so many dentists simply delegate this task to their accountant/CPA. That’s a dangerous handoff. You, as the business owner, should have a basic understanding of these reports, expert knowledge is not required. Just enough knowledge so you can speak the language of business and ask questions to your accountant, CPA or financial advisors regarding what’s in these reports. In this manner, you and your team together can improve your business and financial results. No matter where you work in your organization, you’ll do your job better if you understand basic financial concepts. You’ll be a more effective contributor to your company’s efforts to make money and grow the business. You, as the doctor, are in the very best position to understand what resources and assets must be acquired to deliver exceptional care. Ensuring an excellent financial return on those assets just makes good business sense. If you are not receiving an above market return on your business investments then it is a better idea to take that cash out as a salary and invest it differently. I have a promise for you before we start… I PROMISE, I will never mention debits and/or credits, no general ledger or trial balances. Those terms may conjure up fear and dread from your undergrad accounting class! The math is here is easy too; addition, subtraction and if we get fancy we might use division to calculate a ratio. But Why again is this important? “Accounting, accounting, accounting. Know your numbers.” -Tilman J. Fertitta, CEO of Landry’s Inc. and host of The Billion Dollar Buyer. Warren Buffett says, “Accounting is the language of Business.” If you can’t speak the language how do you know how your business is doing? It appears that “knowing your numbers” is a recurring theme! Consider the following questions… Do you know the difference between profit and cash? Do you have enough cash to make payroll? How profitable are the services you provide? I will address all of these. In addition, I’ll help you… Make sense of the three key financial statements. Gauge your company’s financial health. Weigh costs and benefits before committing resources. Understand why the Profit shown on your P&L never equals the cash in your bank account? The Secret Stash is that cash is hiding in your Balance Sheet. You won’t become an expert, but you will have a better understanding of the language and financial reporting framework. Remember, your banker and lending institutions are very interested in these financial reports along with the financial strength of your practice. If they are interested, you should be too! Consider this also important if you are preparing for a practice transition; adding an associate or selling your practice. Strengthening your financial position can result in the best valuation for your practice, and who doesn’t want that!! The fact is that Finance and Accounting, like other business disciplines, are as much of an art as they are a science. There are many estimates and assumptions contained within your financial statements. Accounting and finance are not reality, they are a reflection of reality. One does not always know how precisely to allocate costs, nor does one know exactly how long a piece of equipment will last, hence how rapidly to depreciate it. Is a Cost considered a Capital Expenditure, or an operating expense? This choice has an immediate effect on the bottom line and your profitability. Before we dive in a little background is important You should appreciate how these reports are generated by your accountant. Every financial transaction in your practice, ie; purchase invoice, canceled check and bank statement is analyzed, categorized and entered into your ledger. In most practices, the common point of data entry is your PMS along with Quickbooks. Inside of Quickbooks are numerous categories termed a “Chart of Accounts”. It is from your chart of accounts that your financial reports will be generated. It is critical that your Chart of Accounts are properly organized and categorized! The default mode in Quickbooks is rarely adequate. The old saying..Garbage in Garbage out, holds very true here! In most practices, our very first step is to reorganize and recategorize the Chart of Accounts so we can get the financial data we are looking for. Without this, your financial statements will be utterly useless to you other than for tax purposes. Please call us here at OmniStar if you have questions about this. It is important to recognize your accountant’s perspective and responsibilities when financial statements are prepared. The financial crisis combined with the Enron and WorldCom accounting scandals ushered in a new era of rules to ensure the accuracy of financial reports, these standards are called GAAP, for Generally Accepted Accounting Principles. GAAP was designed to stop billion-dollar corporations from deceiving and defrauding investors and shareholders. Prior to GAAP, “Creative accounting” and “cooking the books” was not uncommon. The fall of Enron, WorldCom resulted from “cooked books” and caused the complete and immediate demise of one of the worlds largest accounting firms, Author Anderson, who was the auditor of these firms. GAAP sets the accounting standards and rules for reporting financial results, very similar to our standard of care in clinical practice. GAAP has 2 benefits; GAAP ensures consistency over time. GAAP enables comparison between practices and firms. GAAP has rules your accountants must follow, some of these rules are: -assets are priced at their historical cost, ie what you paid for it, not what it MAYBE worth today. -Conservatism, accountants will only record a number they know is accurate, accountants do not estimate nor guess at costs nor values. -Consistency. once a company has established an accounting method it must continue with that each year. Publicly traded firms along with larger organizations are required to have their Financial Statements Audited by an independent accountant called an auditor. For our practices, that degree of scrutiny is not required. Our accountants prepare a “Compilation of Financial Statements," the report clearly states the statements were not audited if you read the cover letter carefully. You should also be aware of what accounting system your practice is using to assemble your financial reports. The two different accounting systems are; Accrual and Cash. Accrual Accounting is required by GAAP thus required in publicly traded firms as well as larger firms and practices with more complex economic transactions. The object of accrual-basis accounting is to match revenue and expenses in the period that they are earned and incurred. The cash flow from these transactions occurs at a different time. This system provides more accuracy when reporting the financial position and performance of a firm. In the Cash Basis of Accounting revenues and expenses are recognized only when “cash” is received by or paid out by the practice. Most small to medium practices, like the ones listening here, are well served with a Modified Cash-Basis Accounting system. In this system, the only non-cash economic events recorded on the books is the purchase of equipment and the depreciation expense of that equipment. Patient receivables would not be reported on the financial statements, since they are not cash, but would be recorded internally for collection purposes within your PMS. A Modified Cash-Basis Accounting systems provide the necessary information to comply with the IRS and file taxes. In addition, bankers and lenders will accept these reports for loan applications. Remember we talked about Accounting having estimates and approximations. Some of these biggest distortions can occur on the balance sheet. So let’s dig in. A balance sheet, also called a “statement of financial position”, represents a Scorecard of the financial health of your business at a single point in time. The BALANCE SHEET starts with the FUNDAMENTAL ACCOUNTING EQUATION; ASSETS = LIABILITIES + OWNER’S EQUITY OR WHAT YOU OWN = WHAT YOU OWE + OWNER’S EQUITY Consider the BALANCE SHEET like a sheet of paper divided in the middle. On the left side are Assets and on the right side are Liabilities at the top and Owner’s Equity at the bottom. The summation of the left side (Assets) must equal the summation of the right side (Liabilities + Owner’s Equity). Thus, the Balance Sheet Balances. Lets start with Assets ASSETS are WHAT YOU OWN; cash, receivables, inventory, prepaid expenses, Property, Plant and Equipment, Land, and Goodwill. ASSETS are considered CURRENT or NON-CURRENT - These are listed in decreasing order of liquidity with the most liquid “cash like” assets at the top and the least liquid like land and Goodwill at the bottom. CURRENT ASSETS are those that will be utilized within a year. cash Accounts receivables remember, in a Modified Cash Basis of Accounting Receivables are not cash, so not reported on the Balance Sheet. The PMS will have these amounts and aging. prepaid expenses inventory SIDE NOTE HERE: all of your inventory costs money and is created at the expense of CASH. One quick Pearl is to decrease your inventory to increase your CASH! When you look in your supply area, instead of seeing box and boxes of stuff, imaging dollar bills…it’s the same thing!!! Would you rather have your dollars, or would you prefer to give them to your suppliers? The buy 10 and get one free is a tactic used by suppliers to get you to buy more, which uses your cash. I propose you have much better uses for your cash then it sitting on your shelves! The worlds largest firms use “just in time” inventory control, so should you! NON-CURRENT or LONG TERM ASSETS are those that will NOT be turned into cash within the next year. Property, Plant and Equipment is listed at historical COST, NOT MARKET VALUE Less ACCUMULATE DEPRECIATION This is one section where the Art of Finance appears. For example- Increase the depreciation of an asset from 3 to 6 years results in a 50% smaller charge on the Income Statement, Less Accumulated Depreciation on the Balance Sheet, a higher figure for PPE, and thus more Assets. By the Fundamental Equation of Accounting, more assets translate into more Retained Earnings! ANOTHER ACCOUNTING RULE: * DEPRECIATION IS ALWAYS A NON-CASH EXPENSE! Goodwill Now to the Top Right side of the Balance Sheet, LIABILITIES LIABILITIES are WHAT YOU OWE; accounts payable, accrued expenses, payroll, bank loans, notes and lines of credit. These are also considered CURRENT, or NON-CURRENT CURRENT: those payable within the next year accounts payable - what you owe your vendors. current portion of LT debt accrued expenses- payroll and taxes - your employees don’t send you an invoice, they just expect to be paid, as does Uncle Sam with taxes. deferred revenue NON-CURRENT or LONG TERM Assets are those due in over a year. loans, debt, lines of credit And finally, the bottom right side of the Balance Sheet, OWNER’s EQUITY OWNER’s EQUITY: STOCK- monies contributed by investors or owners. RETAINED EARNINGS or ACCUMULATED EARNINGS are the accumulation of PROFIT or LOSSES left in the business. for our world of dental practices this is where bonuses and dividends accumulate. the practice entity would not retain these profits but rather pass them onto the owners as either salary or dividends depending on the legal structure of the practice thus avoiding double taxation at both the corporate and personal levels. SIDE NOTE HERE: Consider profitability like your “Grade” in a course, you work hard in a class over a time period, a semester, and at the end of the semester you get a grade. Equity is more like your “GPA”, it reflects your cumulative performance, but only at one point in time. So, that’s the Anatomy of a Balance Sheet dissected section by section. How does it work?? Why is it important?? Well as the name implies: THE BALANCE SHEET MUST BALANCE FIRST…..A BALANCE SHEET RULE: AT LEAST 2 THINGS MUST CHANGE ON A BALANCE SHEET…This is called Double Entry Accounting! Let’s try some transactions and see how this works and how easy it is! By doing these exercises you will begin to think and talk the language of business and finance and understand the “double edge” sword to each and every financial transaction! Our goal in any business is to GROW your EQUITY or RETAINED EARNINGS We purchase a new Digital Pano at $30,000 with bank financing. So, we add an asset on the left side of +$30,000, so something must change on the right side, either a liability or Owner’s Equity. In this case, we add +30,000 of liability, the bank loan, and the Balance Sheet Balances. Say we paid $5000 of cash and financed $25,000. The asset still goes up to $30,000, asset cash goes down $5000 and the liability is now only $25,000 Tada…the balance sheet balances yet again. You all Getting it??!! Let’s Buy $4000 supplies with cash. An asset, Supplies goes up by $4000 and another asset, Cash goes down by $4000…the Balance Sheet Balances. No change in Liability or Equity How about Buy $4000 supplies with credit. An asset, supplies, goes up by $4000 and a liability, accounts payable, goes up by $4000…the Balance Sheet Balances. You will learn when we review the Income Statement, or P&L, that your profitability or “Bottom Line” is connected to the Balance sheet through the Owner’s Equity Section. All profitability increases owners equity. That’s really important so let’s say it again… ALL PROFITABILITY INCREASES the OWNERS EQUITY portion of the balance sheet!!! This concept is critical and links your Income Statement / P&L to your Balance Sheet! So as we just learned 2 things, at least, must change on a balance sheet if Owner’s Equity Increases. Either an asset increases or a liability decreases, or a combination of those. Herein lies the answer to the nagging issue of why my practice is profitable but lacks cash! Look closely at all of your asset categories, your cash may have disappeared there; buying supplies, equipment or technology, or paying down liabilities, bank loans, and debt. This works in reverse too…accelerate the depreciation of your equipment (ie section 179) which reduces the VALUE of that ASSET, and correspondingly reduces your Owners Equity side of the balance sheet too. Finally, the “profit” you have achieved is equity and not cash, remember that…Profit does not equal cash! We will talk about that when we dissect the Income Statement. SUMMARY: reviewed basic accounting principles GAAP Accrual vs Cash Basis of Accounting Fundamental Accounting Equation, ASSETS = LIABILITIES + OWNER’s EQUITY 2 Things on the Balance Sheet must change with every transaction Income Statement and Balance Sheet are connected through the OWNERs EQUITY Portion. So that wraps things up for this Podcast.  Hopefully, you have a better understanding of the mechanics of the balance sheet. We hope that this information has created a few “Ah Ha” moments, or stimulated some additional questions you can direct to your advisers.  We welcome your inquiry here too at OmniStar Financial.  Our contact information can be found on our website OmniStarfinancial.com.  You will also find a link to sign up for our newsletter.  Please share this podcast if you found it helpful, and leave a review on iTunes too.  We welcome your feedback and suggestions for future podcast sessions.  You can always find me, your host, David Darab, at my twitter handle, @ddarab. Thank you so very much for tuning in and listening.  We are very grateful for your time and attention and so very pleased to have you in our audience. REFERENCES: https://www.amazon.com/Financial-Intelligence-Revised-Managers-Knowing/dp/1422144119/ref=sr_1_4?keywords=financial+statements&qid=1553527149&s=gateway&sr=8-4 https://www.amazon.com/gp/product/0648424006/ref=ppx_yo_dt_b_asin_title_o03_s00?ie=UTF8&psc=1

Mark Brinbaum is the cofounder of the EMM Group, who owns the Catch restaurant chain, which are arguably the hottest restaurants in the world with A-list celebrities visiting weekly. He recently sold 50% of his company to Tillman Fertitta the Texas billionaire who's the man behind the CNBC show “Billion Dollar Buyer” and also recently bought the 17 restaurants of BR Guest. In this episode of Action & Ambition with Andrew Medal, Mark discusses his beginnings and how he turned his passion for nightlife into a thriving business.

What were you fashion biz aspirations? Who inspired you to finally take action on your dreams? In this episode of FastTrack Your Fashion Brand podcast, Nicole di Rocco takes on her top 5 lessons learned in building Nicolita and the aspirations behind the brand. Learn about visioning, the power of a good product sample, finding the methods that work and the strategic approach to your PR efforts.   From creating her first capri pants to a successful Mercedes Benz Fashion Week and getting featured on Billion Dollar Buyer, listen as Nicole talks about her journey to fashion industry.

When I was listening to the practice run of an investor pitch, there was a glaring change that needed to be made. So, even if you've been wanting to pitch to investor groups, pitch contests or television shows like "Shark Tank", "Elevator Pitch", "Dragon's Den", "The Profit" or "Billion Dollar Buyer", it's a world of difference to actually do it. I thought you would benefit from hearing what makes an Effective Investor Pitch

My guest today is Paul Grieve from Primal Pastures and Pasturebird, we’ll discuss how he got involved in farming, how they started, how they define Primal, their work with the Billion Dollar Buyer and so much more. Show Notes “Primal” is the starting point for the food and it’s consumption. The farm started with Paul’s brother in law ordering 50 chicks The foundation of the farm is pasture based. Within three weeks of posting about the chickens on Facebook, all 50 chicks had been sold. To start a farm you often need to make short term sacrifices to make long term gains. “Bugs not drugs.” is a catchphrase of Pasturebird and Primal Pastures, they have not had to use any drugs on the operation, when working on a pasture based system there’s a lower risk of illness. Pasturebird raises pastured chicken for Wholesales accounts. The first customer for Pasturebird was the LA Lakers. In Southern California, Pasturebird can raise chickens all year round. Pasturebird was on “Billion Dollar Buyer.” Regenerative Agriculture is more dynamic that merely Sustainable Agriculture. True Sustainability is not possible, life lives within an ebb and flow, either increasing or decreasing. Links: https://www.youtube.com/watch?v=2lC7RnDuK2s https://primalpastures.com/ https://pasturebird.com/ http://apppa.org/ Our Links: https://intellectualagrarian.com https://www.facebook.com/intellectualagrarian https://www.instagram.com/intellectual.agrarian  

Today, we welcome Cary Williams to Convos with Coaches! Cary is the Founder of the Too Pretty Brand, whose mission is to empower young girls and women and encourage them to believe that they can do anything they set their mind to. She is also an Olympic Level Boxing Coach and Owner of the Stables Boxing Gym in Santa Monica. Listen in as we talk about her experience with boxing and being a woman in that ring, where Cary found her strength, and what she believes living like a champion means.   Time Stamps:   (1:13) At the Stables in Santa Monica with Cary Williams (1:57) Cary’s Story (3:25) What does an Olympic boxing coach entail? (6:02) Cary’s experience in the ring (8:51) Finding your strength when you are down (10:11) Female perspective in boxing (13:13) The mindset it takes being a female in the boxing world (15:48) Cary’s influences growing up (20:20) Cary’s philosophy on motivating her athletes (25:51) Cary’s coaching approach (27:18) The female stigma in boxing (30:58) What does it mean to be a strong woman? (33:43) Where Cary found her strength (38:22) Cary’s branding story (41:55) Living like a champion: Train like no-one is waiting (45:30) Dear Her: What Cary would tell her younger self (49:36) Dear Future Self (51:36) Where to Follow Cary   RESOURCES: Follow Cary on Social Media! Facebook Twitter Instagram Check out the Too Pretty Brand! Check out this video from Billion Dollar Buyer! Check out the Fit to Fat to Fit Show!   And as Always.... Visit our Website! convoswithcoaches.com Follow us on Instagram! @convoswithcoaches Contact Us! info@convoswithcoaches.com    

  Catherine Giudici Lowe is the ultimate mompreneur and beloved #BachelorNation favorite by winning the heart of The Bachelor's Sean Lowe in 2013. As a gifted creative, Catherine loves to express herself with witty love notes and stationary, which sealed the deal for her and Sean.  During the planning of her fairy tale wedding, Catherine fell in love with crafting unique and thoughtful invitations, which sparked her current company, LoweCo. And most recently, Catherine has accepted an investment from "Billion Dollar Buyer," Tillman Fertitta and featured in the CNBC hit show! In this episode, we dive into the realities of building a luxe paper goods company and maintaining a public image with a growing family (#2 is on the way!)  Find LoweCo's luxe stationary and paper goods at: http://www.goloweco.com/ Instagram/Twitter @Lowe_co & @catherinegiudici Facebook: https://www.facebook.com/goloweco/ _____________________________________________ Our Podcast is now on SPOTIFY!! Click Here More Podcasts, Videos and Articles of other Rebel Role Models at: www.rebelrolemodel.com Follow Us on Instagram, Facebook, Twitter, Snap, Linked @RebelRoleModel Click here to watch our YouTube Video Interviews! https://www.youtube.com/channel/UCfn_Q-6wM4e-6VN0-X0fN0Q

My guest today Cary Williams is the creator of the Too Pretty Brand, a former Olympic level boxing coach, gym owner, cover model, speaker and all around badass. It was against her better judgment to join Season 2 of Fit to Fat to Fit but Cary likes a challenge. During today’s podcast, she shares the difficulties she faced while gaining the 40 pounds, how her body’s health rapidly declined and how a keto diet was the only solution to finally dropping the weight.   If you like this podcast subscribe & review it on iTunes | Stitcher.   Key Takeaways:   [3:52] How Cary entered the world of boxing. [11:14] Behind the scenes of Cary's Fit to Fat to Fit Experience. [16:48] Cary didn't realize how hard it would be to take the weight off. [24:21] For a trainer, the first workout back to fit can be a truly humbling experience [29:16] Cary reached out for help from Drew to lose weight through ketosis. [35:28] Age is not an excuse to not work hard. [38:20] Billion Dollar Buyer and the Too Pretty Brand   Sponsors: Drew's 60 Day Jump Start to Keto Healthy 21 - Drew’s 21-day Fasting Program Dry Farm Wines — Use this link for a bottle of wine for $.01 with any order Dollar Workout Club   Mentioned in This Episode: Cary Williams Too Pretty Brand Fit2Fat2Fit Fit2Fat2Fit TV on Lifetime - S2 Fit2Fat2Fit on Facebook Fit2Fat2Fit Book Drew on Social Media: @fit2fat2fit Email Drew: Drew@fit2fat2fit.com  

The Total Tutor Neil Haley will interview Houston Rockets Owner Tilman Fertitta of CNBC's Billion Dollar Buyer. Tilman Fertitta is the sole owner, chairman and CEO of Fertitta Entertainment, Inc., which owns both the restaurant giant Landry's and the Golden Nugget Casinos and is recognized today as a world leader in the dining, hospitality, entertainment and gaming industries. The Company today has revenues over $3.4 billion and assets of more than $3.5 billion. Landry's operates more than 500 properties in 36 states and owns a number of international locations. It is also one of the country's largest employers, with more than 60,000 employees. Landry's owns and operates more than 50 different restaurant brands, including McCormick & Schmick's, Chart House, Landry's Seafood, Rainforest Cafe, Saltgrass Steak House, Bubba Gump Shrimp Company, Claim Jumper and many more award-winning concepts. Landry's Signature Group of restaurants includes some of the world's premier fine dining concepts, like Mastro's Steakhouse and Ocean Club, Morton's The Steakhouse, The Oceanaire, Vic & Anthony's, Brenner's Steakhouse, Grotto, La Griglia and Willie G's. What is further unique about Landry's is that it operates all of its locations and doesn't license or franchise any of its domestic units.  

Newly minted Houston Rockets owner Tilman Fertitta talks about a host of topics related to his record-setting $2.2 billion purchase of the NBA’s Houston Rockets, including why --  for this asset -- he disregarded EBITDA. He also talks about the synergies with his other business interests, the promise of legalized sports betting and why he’d be willing to sell a tiny piece of the team to pop superstar Beyonce. Fertitta also gives a host of reasons why the team will be worth $3 billion in a few years.  Fertitta has a net worth of about $3 billion. He’s the sole owner of Landry’s Inc., one of the largest restaurant chains in the U.S., and also owns all of Golden Nugget Inc. He is also the host of CNBC’s Billion Dollar Buyer program.

The Total Tutor Neil Haley will interview Tilman Fertita of CNBC's Billionaire Dollar Buyer. Billionaire Tilman Fertitta is back on the hunt for exciting new products and a purchase order from the hospitality mogul could change lives forever.  CNBC's “Billion Dollar Buyer” returns for its second season with 12 new episodes beginning Tuesday, November 22 at 10PM ET. “Billion Dollar Buyer” introduces promising companies across the country to one of America's most successful businessmen: Tilman Fertitta, Chairman, CEO, and sole shareholder of Landry's, Inc.  Fertitta oversees more than 500 properties and over 50 leading restaurant, hotel, and entertainment brands, ranging from high-end properties like Mastro's and Morton's The Steakhouse, to such mainstream destinations as Rainforest Cafe, Bubba Gump Shrimp Co., Saltgrass Steak House, and five Golden Nugget Casinos.  With an annual supply spend of $2 billion, his buying power is second to none.  Now, he's personally scouting the country for the most innovative new products America's entrepreneurs have to offer – everything from food and drink for his restaurants and casinos, to furniture and lighting for his hotels.  In each hour-long episode, Fertitta will spend time with two small businesses, sample their goods, get to know their owners, and assess their compatibility with Landry's, Inc. He'll point out flaws in their product and operations, share his expertise, and push for improvements.  In the end, he'll decide whether to place a transformative purchase order with one of the companies, both, or neither. 

This incredible story picks up as Robert Higginbotham and the rest of the Liber Team are competing on "Billion Dollar Buyer" for a chance to land a contract with CEO of Landry's, Inc - Tilman Fertitta. Will the Liber Team land this huge deal? Tune in and remember: Keep Saying YES.Support the show (https://www.patreon.com/atribecalledyes)

Robert Higginbotham was sitting at a desk in DC, when he finally said, “To hell with this.”. He joined up with his brother and another friend to start Liber & Co. - a company that manufactures a suite of essential bar syrups to help you, the cocktail lover, enjoy a world of better drinks. There are a lot of nuggets of wisdom in this conversation, so I split them into two episodes. Robert took a plunge and left his cushy position while "experts" around him were telling him to stick with his day job. Looking for a shot of inspiration? Tune into this episode for inspiration, a few laughs and remember: Keep Saying YES. www.liberandcompany.com/Support the show (https://www.patreon.com/atribecalledyes)

The Total Tutor Neil Haley and Rico Racosky will interview Cris Abrego Author of MAKE IT REALITY. Abrego is one of the leading creators and producers of reality television in the U.S     …..including... The Surreal Life,  Flavor of Love,  CBS's "Big Brother," FOX's "MasterChef," FOX's "Superhuman," CNBC's “Billion Dollar Buyer” and CBS's upcoming alternative series "Hunted," MTV's "The Almost Impossible Game Show" and scripted series from its Endemol Shine Studios, producers of AMC's “Hell on Wheels,” DirecTV's "Kingdom," Showtime's upcoming comedy "I'm Dying Up Here" and HBO's upcoming drama “Utopia.”   http://www.just2choices.com