Podcasts about company worth

Happy New Year! Today we take the opportunity to look back at how Gwyneth and Goop defined Wellness in the 2010s. I argue that while Goop lacked a soulful center, Gwyneth is working in the grand Esoteric tradition of seeking the sublime through one's relationship to the body. I look at the current aesthetic detritus of exercise culture, challenge the bad rap on “self-optimization,” and meet Gwyn in her New Age quest for Something Beyond. Discussed: “How Goop's Haters Made Gwyneth Paltrow's Company Worth $250 Million,” Taffy in NYT Magazine Lauren Oyler on the Goop Cruise for Harper's “Gwyneth Paltrow Looks Back at 15 Years of Goop and More,” Marisa Meltzer in NYT Outlive by Peter Attia My fave episodes of the Goop podcast: with Michael Pollan with Peter Attia with Monique Melton 15th Anniversary Special Episode

Entrepreneurs often get so caught up in getting the perfect logo or website made that they end up neglecting the fundamental aspects of starting a business. Host Mike DeHaan calls this “productive procrastination,” and he has more to say on the topic in this week's Friday Focus.In this episode, Mike dives into the early stage pitfalls of branding, and gives a quick summary of how new and established businesses should approach the branding process. You'll learn at what point in your business you should focus on branding versus when your time and money would be best spent on business development and growth.Mike also tells the story of what he names his first real estate business, and his mistake highlights the importance of choosing the right name for your industry.Tune in to hear what steps you should take to start branding your business!Topics discussed in this episode:How to approach branding as a new investorWhat makes a good business nameBranding for established businessesIf you're an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://www.collectingkeyspodcast.com/storeDownload the FREE 5-Step Guide To Generating Off Market Leads here: https://www.collectingkeyspodcast.com/freeIf you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://www.instantinvestorprogram.com and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:http://www.collectingkeyspodcast.comhttps://www.instagram.com/collectingkeyspodcasthttp://www.instantinvestorprogram.comhttps://www.instagram.com/mike_investshttps://www.instagram.com/investormandanThis episode was produced by Podcast Boutique https://www.podcastboutique.com

If you're thinking about selling your company in the next three to five years, you need to start preparing now to get the most value for your business. Today on the podcast, Eric Wilkinson joins us to talk about what you need to consider from a buyer's perspective as you get your company in the best shape to be sold. Topics we cover in this episode include:When owners wait too long to prepare their business to sellOwner involvementNumber of employees in teh business that a new owner may have to replaceThe importance of good books and due diligence when selling your businessConsidering the reputation of the companyRisk and the Employee Retention CreditThe value multipleConsider getting a valuation doneLINKSVisit the episode page at https://CarpenterCPAs.com/buyer for more details and a transcript of the show.Contact Eric:Eric Wilkinson | https://www.sandhillglass.com/Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs FIND US ONLINEWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | SuretyAnswers.com

If you're thinking about selling your company in the next three to five years, you need to start preparing now to get the most value for your business. Today on the podcast, Eric Wilkinson joins us to talk about what you need to consider from a buyer's perspective as you get your company in the best shape to be sold. Topics we cover in this episode include:When owners wait too long to prepare their business to sellOwner involvementNumber of employees in teh business that a new owner may have to replaceThe importance of good books and due diligence when selling your businessConsidering the reputation of the companyRisk and the Employee Retention CreditThe value multipleConsider getting a valuation doneLINKSVisit the episode page at https://CarpenterCPAs.com/buyer for more details and a transcript of the show.Contact Eric:Eric Wilkinson | https://www.sandhillglass.com/Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs FIND US ONLINEWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | SuretyAnswers.com

Evaluating the worth of your company can be complicated, so the earlier you start thinking about it, the better. We're doing a two-part series on this exact topic on the podcast. This week, we start the discussion from the angle of the seller. Topics we cover in this episode include:Reputation and client relationshipsYour skilled workforceMarket trends and demandEstimating future earningsDue diligence requirementsLINKSVisit the episode page at https://carpenterCPAs.com/sell for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs FIND US ONLINEWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | SuretyAnswers.com

Evaluating the worth of your company can be complicated, so the earlier you start thinking about it, the better. We're doing a two-part series on this exact topic on the podcast. This week, we start the discussion from the angle of the seller. Topics we cover in this episode include:Reputation and client relationshipsYour skilled workforceMarket trends and demandEstimating future earningsDue diligence requirementsLINKSVisit the episode page at https://carpenterCPAs.com/sell for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs FIND US ONLINEWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | SuretyAnswers.com

In this episode of the PE Funcast, Devin and our Head of Research, David, discuss our research on software valuations, “What's a Software Company Worth.” They cover how software valuations have trended over the past 20 years, the challenges that private and public investors will face over the coming year, and inject some of “what we're seeing” inside our portfolio and the markets we play in.

Hello from a cruise ship! This week, we welcome book critic and Philly basketball devotee Jennifer Wilson back to the show. We discuss [1:00] the epidemic of belligerent airline passengers; [6:25] the surprising (and not so surprising) firings of Tucker Carlson from Fox News and Don Lemon from CNN; [15:10] Jen's favorite 76er, James Harden, and his ejection for nut-punching; and [27:40] journalist Lauren Oyler's recent piece on Gwyneth Paltrow's Goop cruise and the sexist genre of wellness writing.  In this episode, we ask: Why do so many basketball players punch and kick one another in the crotch? Are the Tucker Carlsons and Don Lemons of the world easily replaceable?What (besides capitalism, duh) makes us so obsessed with wellness? How is vulnerability (especially in women) used to sell products, activate people online, and smooth out social relations? For more, see: * This week's viral airplane video (baby screams; man yells) * A breakdown of James Harden's and Joel Embiid's fouls * Lauren Oyler's dispatch from the Goop Cruise* The David Foster Wallace cruise piece that the Goop story references * Oyler's 2021 essay on writer W. G. Sebald * How Goop's Haters Made Gwyneth Paltrow's Company Worth $250 Million, by Taffy Brodesser-Akner * The TikTok influencer video that led to the intense doxxing of two young women * A rumination on the rise of astrology among millennials by Christine SmallwoodThanks for listening! Subscribe on Patreon or Substack, and follow us on Instagram, TikTok, and Twitter. Email us at timetosaygoodbyepod@gmail.com.  This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit goodbye.substack.com/subscribe

This week's challenge: watch Fleishman Is in Trouble.You can hear the after show and support Do By Friday on Patreon!------Edited by Alex Cox------Show LinksAutomatic, Self-Cleaning Litter Box for Cats | Litter-RobotThe Good LitterCurb Your Enthusiasm - Tip Coordination - YouTubeGuardian Firewall - Guardian FirewallMake-Good | Universal Marketing DictionaryArticles Of Interest | Avery Trufelman | SubstackRoman Mars' 99% Invisible Podcast Company Sold To SiriusXM – DeadlineTechnology Connections - YouTubeTrash Theory - YouTubeCreating Killer Websites by David Siegel | GoodreadsSinger, Songwriter and Guitarist Bob Mould | Fresh Air Archive: Interviews with Terry GrossTippy Toe - YouTubecalibre - E-book managementReadwise Reader | The first read-it-later app built for power readers.The White Lotus - WikipediaMike White (filmmaker) - WikipediaNapoleon Dynamite - WikipediaFresh Air for December 5, 2022: Mike White on 'The White Lotus' : NPRDo By Friday Survivor ChallengeTouring the MOST EXPENSIVE HOUSE in the United States! - YouTubeTaffy Brodesser-Akner · LongformFleishman is in Trouble | Slate Money Podcast - YouTubeTranscript - Fleishman Is in TroubleThomas Piketty's 'Capital' in 3 minutes - Newsnight - YouTubeAn Introduction to Thomas Piketty's Capital in the 21st Century- A Macat Economics Analysis - YouTubeThomas Piketty: New thoughts on capital in the twenty-first century - YouTubeHow Goop's Haters Made Gwyneth Paltrow's Company Worth $250 Million - The New York TimesFleishman Is In Trouble: One Hour Photo – T-Shirts On ScreenSherlock how they handle texts on VimeoWhat Sherlock's Text Messages Tell Us About Ourselves | WIRED(Recorded on Wednesday, December 7, 2022)

Matthew and Spencer welcome Evernest's Acquisition Specialist, Josh Heintz, to discuss how we buy property management companies. In this episode, Josh reveals: How Evernest evaluates the cost of a property management company The common questions company owners ask And much more Tune in! =================================== Contact Josh: Call: 205-567-2246 Email: JHeintz@Evernest.co =================================== Would you like to inquire about selling your property management company? Go to evernest.co/sell-my-company and fill out the form. We will be in touch! =================================== Subscribe to our property manager newsletter ➡️evernest.co/pmnewsletter/ =================================== Connect with Matt and Spencer at Evernest: Evernest.co Visit the Podcast Website: 300to3000.com Guest: Josh Heintz, Acquisition Specialist Email the Show: podcast@evernest.co =================================== Property Manager Mastermind (COMING SOON) Later this fall we're going to be rolling out details for a select group of property managers who want to grow their portfolio well beyond the current door count. Send me an email (ssutton@evernest.co) to be put on the waiting list. =================================== Production House: Flint Stone Media Copyright of Evernest 2022.

Taffy Brodesser-Akner is a staff writer at the New York Times and the creator of the new Hulu television series Fleishman Is in Trouble, based on her bestselling novel. “I took the cast out to dinner … And the way they began talking to each other, which was very intimate, was like a punch in the stomach. Because I had always thought that I got people to open up to me [in celebrity profiles]. And I was like, Oh, no, I got them to answer questions differently than maybe they had before. … And that was a little devastating to me.” Show notes: @taffyakner taffyakner.com  Brodesser-Akner on Longform 00:00 Brodesser-Akner on Longform Podcast (#126) 00:00 Brodesser-Akner on Longform Podcast (#350) 01:00 Brodesser-Akner's New York Times archive 01:00 Brodesser-Akner's GQ archive 01:00 Fleishman Is in Trouble (Hulu • 2022) 01:00 Fleishman Is in Trouble (Random House • 2020) 04:00 "Billy Bob Thornton on Bad Santa 2, Ungrateful Fans, and Why He Won't Direct Anymore" (GQ • Nov 2016) 09:00 "Jimmy Buffett Does Not Live the Jimmy Buffett Lifestyle" (New York Times • Feb 2018) 13:00 "The Gospel According to Marianne Williamson" (New York Times • Sep 2019) 14:00 Erin Brockovich (2000) 17:00 "This Tom Hanks Story Will Help You Feel Less Bad" (New York Times • Nov 2019) 17:00 "What Happened to Val Kilmer? He's Just Starting to Figure It Out." (New York Times • May 2020) 23:00 Little Miss Sunshine (2006) 23:00 Ruby Sparks (2012) 24:00 "Christian Slater Isn't Mr. Robot, He's Mr. Nice Guy" (GQ • Aug 2016) 27:00 "Water's Edge" (GQ • Jul 2015) 33:00 "CNN's Jake Tapper Is the Realest Man in ‘Fake News'" (GQ • Apr 2017) 41:00 "How Goop's Haters Made Gwyneth Paltrow's Company Worth $250 Million" (New York Times • Jul 2018) 47:00 Sam Anderson on Longform Podcast Learn more about your ad choices. Visit podcastchoices.com/adchoices

Do we even need to write a description? It's the Goopisode! Support us:Hear bonus episodes on PatreonDonate on PayPalGet Maintenance Phase T-shirts, stickers and moreLinks!How Goop's Haters Made Gwyneth Paltrow's Company Worth $250 MillionHow Gwyneth Paltrow took Goop from a homebrewed newsletter to a controversial $250 million wellness powerhouseGwyneth Paltrow Feels Good — and So Can YouIs Gwyneth Paltrow's GOOP $1.6M In Debt?Goop and Condé Nast Team Up on a Magazine - The New York Times Gwyneth Paltrow didn't want Condé Nast to fact-check Goop articlesA hungry Gwyneth Paltrow fails the food-stamp challenge four days inDear Gwyneth, this is what living on food stamps really looks likeMy $29 Food Stamp Challenge & The RecipesGwyneth Paltrow's Having the Chicest Yard Sale Ever Gwyneth Paltrow says children of celebrities 'almost have to work twice as hard' once they 'unfairly' get their start in Hollywood Gwyneth Paltrow brings aerial yoga, trans talks and cryofacials to Goop health conference We Attended Gwyneth Paltrow's $500-a-Ticket Health SummitAnti-Medication Goop Summit Expert Claims AIDS Treatment Kills and GMOs Cause DepressionInside Goop, Gwyneth Paltrow's Growing EmpireThe history of self-careStill Processing: We Care for Ourselves and Others in Trump's AmericaThanks to Doctor Dreamchip for our lovely theme song!Support the show

How did AMTD Digital, a company with 50 people, end up becoming worth 450bn? Paul Sommerville, Sommerville Advisory Markets told Gavin more about AMTD Digital.

They told him it would never work. But Netflix co-founder Marc Randolph trusted his gut — and turned his “crazy” idea into a 100 billion dollar company anyway. Now, with more than 40 years in business and 7 successful start-ups under his belt, Marc's sharing his insider secrets with you. Listen now and learn the Netflix Secret to turn your ideas into reality, no matter what the critics have to say.

CEO of Boss Women Media, Marty McDonald, walked away from a 6 figure corporate America job to pursue her passion! Now she owns a multimedia company worth millions that tell the stories of black women and provides them resources and connections to pursue their dreams!

Jeff Brewster with Objective sheds light on the factors involved and the many reasons why companies would need a valuation. From Mergers & Acquisitions, to partner buyouts, to even divorces. He also shares a few funny stories from over the years and will but will not disclose names to protect the innocent and guilty...

Yesterday. Donald Trump, yes THAT Donald Trump former President of the United States officially launched his “special purpose acquisition company,” SPAC for short. The purpose of which is to start a new series of social media platforms, designed, quite frankly, to compete with some of the existing platforms which threw him off. Platforms like Twitter and Facebook and Google. Google isn't strictly speaking a social media company, but they've had their own agenda.

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At the age of 19, Mandy Chan founded her company. And within just three days on Kickstarter, she managed to fully fund the company’s first product, the Quiver Bag. Now, after overcoming waves of obstacles, her company is worth millions. Mandy Chan, Founder, The Bold Company shares more about her experience in building the company and her plans for the months to come.See omnystudio.com/listener for privacy information.

Welcome to the Restoration Domination Podcast with Rico Garcia!Hear from top industry insiders about what they've done to grow their businesses. On the show today we are joined by Gokul Padmanabhan with Restoration Brokers of America, America's #1 Restoration Reseller.  He knows what it takes for a Restoration Business to be sellable and what makes a Restoration Company attractive to a potential buyer.We discuss how to make your business attractive and what metrics to pay attention to.Find him on LinkedInhttps://www.linkedin.com/in/gokulpadmanabhan/By Phone 407-781-4596Or visit his website at https://www.sellmyrestorationbusiness.com/If you enjoyed this episode please rate and review . Celebrate & Get Free Gifts for Rico's Birthday!!!And For a limited time, exclusively for my Birthday Im opening up our Total Ads Domination Coaching & Training Program at a HUGE Discount... Over 41% off of the already discounted price. Get my Birthday Free Gifts and Bundle here: https://www.ricosbirthdayspecial.com/bday

In this cast Scotty takes us through his entire journey to success. Scotty tried 6 start-ups where only one peaked and made his so successful. Partnering with a partner who left all the work to him making his journey hard, he did not give up but started another company by himself. He thought of indulging to the IT space after doing a couple of odd jobs. Scotty later on started a company called Renet after two years where he started charging clients to use his real estate management software. Scotty is also a champion amateur surfer since he came from a poor back ground he thought of surfing professionally as a kid. Now he does surfing as a hobby. Armed with the sugar and cream principle really guaranteed him for his company's expansion. This episode is for you, just start whatever you think might be lucrative for you. You don't want to miss this hot episode with Scotty. This cast covers: Scotty gets into the IT space (2:25) It took 18 more months for him to realise that he had a company (7:10) He looks back and thinks that he is so lucky (9:37) Scotty talks about being laser focused (9:40) Advice from Scotty on setting massive goals (11:45) Things Scotty considered before his business gained momentum (13:00) Scotty's new venture system 1357 (18:53) What is the sugar and cream principle all about (21:15) Additional Resources Scotty Schindler on LinkedIn @scottyschindler on Instagram Scotty Schindler on Youtube Website: scottyschlinder.com Website: www.system1357.com Suggested Video: Everything you've ever heard, everything you've ever tried, and everything you've ever done -- it's all wrong. https://jesstiffanyconsulting.com/wrong Jess Tiffany is an author, speaker, strategist, podcast host and marketing consultant. He is a #1 International Best Selling Author (Growth Hacking: Strategically Grow Your Business Connections from Zero to 10K in 365 Days), Marketing Strategist, C.E.O. of MNU e-learning and MNU Digital (Minneapolis Digital Marketing Agency). As a business and marketing strategist, Jess is very passionate about his in-depth service offerings like finding businesses $50k in hidden revenue opportunities in under an hour. Upon request, Jess coaches businesses to higher revenue, lead generation strategies, joint venture creation, unique proposition isolation, and implementations. Jess utilizes over 100 dynamic business strategies to cause mass growth in company sales and profits. For those who are unable to work with Jess, he does offer an online version called the 52 Week Industry Domination Training. This program has been called “the most powerful and dynamic client attraction program ever created!” Jess Tiffany's other platforms and resources To have Jess speak or train your organization on revenue generation, LinkedIn Optimization and Marketing, or Social Selling. https://jesstiffany.com/speaker/ See the beta of a new coming social media platform that is making social media fun again. https://jezster.com To grab our free LinkedIn Marketing Cheat Sheet go to https://mnudigital.com/linkedin-marketing-cheat-sheet/ To Check out our online e-learning system go to https://jesstiffanyconsulting.com/guidedtour --- Support this podcast: https://anchor.fm/jess-tiffany/support

A highly profitable business services company that has five highly qualified partners in the business handling the key functions of the company. These partners were committed to the business and worked 70-80 hrs. a week for years. Yet even though this company was highly profitable, it turned out to be unsellable. A $35M tortilla company […] The post How to Make a $28M Highly Profitable Company Worth Nothing and Unsaleable in One Easy Step appeared first on Business Exit Stories.

A highly profitable business services company that has five highly qualified partners in the business handling the key functions of the company. These partners were committed to the business and worked 70-80 hours per week for years. Yet even though this company was highly profitable, it turned out to be unsellable. A $35M tortilla company […] The post How to Make a $28M Highly Profitable Company Worth Nothing and Unsaleable in One Easy Step appeared first on Business Exit Stories.

What does it take to sell your business? Jock Purtle is the CEO of Digital Exits. Jock helps CEOs structure their companies to be salable and pairs them with investors who want to buy a proven business and scale it up. Listen to the following interview if you want to know what makes [...] The post How Much Is Your Company Worth appeared first on Small Business Advice Help For Startups and Entrepreneurs.

Check out our Sponsors Butcher Box: Ground beef for life is back! For a limited time, new members can get 2 pounds of free ground beef in every Butcher Box order by signing up today at ButcherBox.com/impact Athletic Greens: Go to athleticgreens.com/impact and receive a FREE 1 year supply of Vitamin D AND 5 free travel packs with your first purchase! Helix Sleep: Go to HelixSleep.com/impact for up to $200 off your mattress and 2 free pillows. Skillshare: Explore your creativity at skillshare.com/impacttheory for a free trial of Premium Membership. Are you an entrepreneur or a dreamer? Most dreams never come true, and if you really want to succeed in business, you finally have to take action on your ideas and overcome every obstacle getting in your way. People you love will tell you, “that will never work.” But with that said, your dreams can come true if you have the courage to pursue them. In this episode of Impact Theory, Tom Bilyeu is joined by Marc Randolph. As co-founder and founding CEO of Netflix, Marc laid much of the groundwork for a service that’s grown to 150 million subscribers and fundamentally altered how the world experiences media. Tom and Marc explore how Marc managed to take action on his dreams and succeeded against all odds. Marc shares how he started Netflix and how they tweaked their business and stopped it from failing like most businesses. Marc shares the single most fundamental problem why most people never take action on their ideas. Furthermore, Marc reveals the skilla he is good at, which he calls “the entrepreneur’s secret weapon” and how running for a plane taught Marc the right mindset to chill in the midst of chaos and much more. SHOW NOTES: The one-sentence Marc has heard 1000 times from his friends, his family, basically everyone when pitching the idea of Netflix. [1:24] What Tom tells his team of what’s really important when it comes to good ideas. [2:30] The fundamental things Marc learned in his 50s while skateboarding that helped him build Netflix [3:25] How Marc started Netflix and how they tweaked the idea to stopped it from failing like most businesses. [5:27] The even better approach to “there are no good ideas” to generate winning ideas. [7:49] The single most fundamental problem why most people never take action on their ideas. [9:05] What separates an Entrepreneur from a dreamer. [9:46] What Marc looks for in Entrepreneurs when Angel Investing to see if they´re on the right track on how to apply this principle to any other business. [10:14] The fundamental misunderstanding of Entrepreneurship and the deep-seated psychological fear everyone (even Marc) struggled with for years. [15:41] The idea of “two-way doors” Marc teaches young Entrepreneurs to practice to escape the traps of perfectionism and take immediate action. (And prevent them from taking too much risk.) [20:21] The fundamental truth about knowing what to test.  [21:42] Where 98% of Netflix´s revenue did come from initially and why Marc decided to give up that revenue. [24:06] The skill Marc is good at, that he calls “the entrepreneurs secret weapon” [27:20] This “Canada principle” made Netflix strong and beat the competition. [29:42] This brutal moment destroys most business relationships and how Marc handled this “big ego” moment. [32:48] Why the person who starts a company is not necessarily the right one to run it when it´s big. [37:58] The real challenge in Marc’s life that he is most proud of when he looks back. [41:10] How Marc managed to maintain his relationship while building his businesses. [43:04] How running for a plane taught Marc the right mindset to chill in the midst of chaos. [45:26] The three reasons why Marc loves running in Alaska. [47:24] The rules Marc´s father taught Marc, and he passed them to his children. [49:14] The core principles Marc instills in his kids. (Not what you think.) [52:07] Marc’s new podcast about how to take ideas and make them real. [54:40]     QUOTES:   “Stop thinking. Start Doing.” [9:49] “You don´t need to build an app. You don´t need to start a business. You don´t need to raise money. You just need to figure out a way to quickly test your idea and collide it with some reality.“ [15:15] “The speed, getting it out there fast, is so much more important.” [19:42] “Most ideas are not one-way doors. Most things are two-way doors. You can step through, look around, and if you don´t like what you see, you step right back. Train your ability to separate a one-way door from a two-way door. Then you just blast through that door because you know: If I don´t like what I see, I can step right back. No harm.“ [20:42] “We decided that it was way better to take this long shot at a great success than to take this pretty sure path to mediocrity and eventually to go out of business.” [26:50] “It´s extremely rare that the person who had the skillset to start something, to grow something, is the same person who takes it all the way.“ [38:23] “Culture isn´t what you say. It´s what you do.“ [44:24]   FOLLOW MARC: “That Will Never Work” Podcast: Apple Podcast: https://podcasts.apple.com/us/podcast/that-will-never-work/id1550777106 Spotify: https://open.spotify.com/show/3AABlfn5yx0hLKMYE5LVlh?si=iJkUfQTUSva6ytMdoLhb0A&nd=1 Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9yc3MuYXJ0MTkuY29tL3RoYXQtd2lsbC1uZXZlci13b3Jr Website: www.marcrandolph.com Facebook: https://www.facebook.com/marcbrandolph Twitter: https://twitter.com/mbrandolph Instagram: https://www.instagram.com/thatwillneverwork/  

Ben Aston is joined by Stephen Regenold, founder of GearJunkie, an outdoors and active-lifestyle publication with millions of monthly readers. Listen to learn how to prepare for your big exit and build a media company worth selling.

In this episode, Gina Cocking and Jeff Guylay focus on valuation - determining what your company is worth. Key takeaways from this episode are: The right valuation methodology depends on the industry and the company Valuation should not be overly focused on the multiple. It also depends on what you to apply the multiple to Market price discovery through a competitive process will drive the highest valuation In this episode, Colonnade Advisors addresses the following questions as related to valuation: What are the different valuation methodologies used? (00:48) Gina: "There are comparable company trading, comparable transaction, and the more complex discounted cash flow valuations. There are also other types of valuation methods that are not relevant to what we do on a day-to-day, so we will focus on the three main ones." At what point in the process is valuation analysis generally performed? (01:12) Jeff: "It is often performed ahead of going to market. Many times, it is ahead of us doing due diligence. We might update these valuation analyses for our clients at various points throughout the process, and we do a gut check on whether we are ready to go to market." What is the value of hiring a sell-side financial advisor in determining the transaction price? (01:12) Jeff: "Ultimately, it is the market that sets the transaction price. The real value of hiring a financial advisor to help sell a business is to get the best price and terms, which is generally achieved through an auction process." What is a comparable transaction valuation? (02:43) Jeff: "It is what the market has offered up to companies that are comparable to the company being evaluated. For example, if a company sold at eight times EBITDA, it's logical to assume that another company that is very similar, or comparable, would trade at eight times EBITDA." What attributes of a target company will impact the comparable transaction multiple? (03:37) Jeff: "The multiple will depend on all sorts of attributes of the specific target company, whether it is growing faster or slower, whether the management team is better or worse, client concentration, or geographic concentration. All sorts of things influence the multiple that a buyer is willing to pay." What is comparable trading valuation, and how does it apply to middle market transactions? (04:17) Jeff: "This involves looking at where the comparable public companies are trading in the public markets. The comparable trading valuation metrics are a little more theoretical for the middle market transactions. It is a helpful metric and something used in negotiations with buyers, but there are all sorts of factors that drive the multiple relative to what you might expect to achieve in the private market." Gina: "Volatility in the public market will impact the valuation of public companies.  You do not see the same day to day volatility in a private transaction. For a middle market company, comparable trading valuation is less relevant because of the size differential." What is discounted cash flow valuation? (06:35) Jeff: "The discounted cash flow valuation is an analysis of the businesses' free cash flows. Then discount the cash flows at a certain discount rate to arrive at the net present value of all those cash flows. The biggest drivers of this analysis include the discount rate, which could be derived using the CAPM model, and a variety of other factors." What industries use revenue multiples? (09:37) Gina: "Pre-profitability companies use revenue multiples. It is often used in high growth type businesses such as software and biotech companies and recurring revenue companies. The revenue multiples can range depending on the industry." What is the rationale for using EBITDA multiples? (10:29) Gina: "EBITDA is a proxy for cash flow and normalizes income between various companies." How do you determine which multiple metrics to use? (11:58) Jeff: "There are many different metrics that buyers and sellers can focus on, and it is generally industry-specific. It is important for the seller and their advisor to focus on what are the right metrics for the seller's business." What are the multiple metrics applied to? (12:34) Gina: "There are a lot of different ways to look at what the metric is. Different methods are used in different industries. Some industries use GAAP accounting, and some industries use some special purpose accounting. There are also add-backs to EBITDA so that anything unusual and extraordinary can be added back to increase EBITDA and valuation." What is the significance of add-backs? (14:18) Jeff: "Add-backs help demonstrate what the company's earnings stream looks like going forward. It gives a sense of the pure earnings of the business." What are pro forma adjustments to EBITDA? (14:58) Gina: "It involves adjusting historical EBITDA for known future or recent arrangements, such as a decrease in expense or increase in operating efficiency. The adjusted EBITDA demonstrates how the business is going to operate going forward." What is synergy in an M&A transaction, and can the seller benefit? (17:13) Gina: "Synergy is when two companies combine, and instead of being one plus one equals two, one plus one equals three. That could be because of expense reductions or revenue enhancements. Buyers will benefit from synergies in the future. A competitive process will increase the likelihood that a seller will get paid for at least a portion of the synergies a buyer may achieve." How does customer concentration impact valuation? (19:26) Gina: "Customer concentration or any distribution channel concentration will typically reduce valuation. Customer concentration involves anything greater than 15%." How does the transaction process impact the price and term? (20:49) Jeff: "There are various factors that could lead to a potential buyer dropping out. Therefore, finding the greatest number of highly qualified buyers and working diligently through the process delivers the best price and term for sellers." What is the difference between enterprise value versus equity value? (21:47) Gina: "If a company has debt on the books, then the debt is subtracted from the enterprise value to get to the equity value." What is the ultimate answer to "What is my company worth?" (23:30) Gina: "Your company is worth whatever someone is willing to pay for it. Our job is to create a competitive environment to yield the highest price and the best terms." Host Information Gina Cocking Gina Cocking serves as the Chief Executive Officer of Colonnade Advisors. She returned to Colonnade as a Managing Director in 2014. Gina began her career in investment banking at Kidder Peabody, was an analyst at Madison Dearborn Partners, and an associate at J.P. Morgan & Co. She was a Vice President at Colonnade Advisors from 1999 to 2003. She left Colonnade to gain operating experience as the Chief Financial Officer of Cobalt Finance, a specialty finance company. She went on to become the Chief Financial Officer of Healthcare Laundry Systems, a private equity-backed company for which she oversaw the successful sale to a strategic acquirer. Gina served as the Line of Business CFO – Consumer Banking and Lending at Discover Financial Services. Gina serves on the Board of Directors of CIB Marine Bancshares, Inc., a bank holding company based in Brookfield, Wisconsin, that operates banking offices in Illinois, Indiana, and Wisconsin. Gina received her BA in Economics and an MBA from the University of Chicago. Additionally, Gina holds the Series 24, 28, 79, and 99 securities licenses. Jeff Guylay Jeff Guylay is a Managing Director of Colonnade Advisors. Prior to joining Colonnade in 2000, Jeff was an investment banker at J.P. Morgan in the firm's Mergers & Acquisitions and Fixed Income Capital Markets groups in New York. He also spent several years in J.P. Morgan's Chicago office. Jeff has over 20 years of M&A and investment banking experience and has served as lead execution partner on over 25 M&A and financing transactions at Colonnade. Jeff received an MBA from Northwestern University's Kellogg Graduate School of Management and a Master of Engineering Management from the University's McCormick School of Engineering. Jeff received a BA from Dartmouth College and a BE from Dartmouth's Thayer School of Engineering. Jeff holds the Series 7, 24, 63, and 79 securities licenses. Jeff serves as a director of the non-profit Nurture, an organization dedicated to enhancing the nutrition and wellness of children and families. About the Middle Market Mergers & Acquisitions Podcast Get the insiders' take on mergers and acquisitions. M&A investment bankers Gina Cocking and Jeff Guylay of Colonnade Advisors discuss the technical aspects of and tactics used in middle market deals. This podcast offers actionable advice and strategies for selling your company and is aimed at owners of middle market companies in the financial services and business services sectors. Middle market companies are generally valued between $20 million and $500 million.

Startup Talk Toronto’s Startup Podcast What is your Startup Worth with Alex Morsink TorontoStarts and Equivesto inc present What is your Startup Worth with Alex Morsink Figuring out your valuation and the tools investors use to determine a startups value can be excruciating. Alex walks you through several of the formulas investors use and how … Continue reading Startup Talk Podcast What is Your Company Worth →

Do you want to live deliciously? For our fifth episode we're casting our attentions to the mythical goddess Circe and wellness guru Gwyneth Paltrow. These two titans are known as much for their witchery as they are for stirring up contention. As we gather in our coven (virtually) we'll be exploring sorcery, the occult and of course, vaginal eggs. ‘Tis the season of the witch and things are going to get frightening!Email - femmefilespodcast@gmail.comTwitter - @filesfemmeInstagram - @femmefilespodcastLinksHow Goop's Haters Made Gwyneth Paltrow's Company Worth $250 Million9 Of Gwyneth Paltrow's Most Outrageous Health HacksCirce's Transformations: Art Images of the Greek Sorceress Through The AgesHow Gwyneth exploited gaps in medical knowledge of women's health9 Women on Why They Attended Gwyneth Paltrow's Goop SummitFrom witches to wellness: medicine and magic in LondonThe Penis-Snatching Witches Who Terrorized Men In The 15th Century

We reveal who it is, and look at the up-and-coming candidates with tech expert Philip Bahoshy. And UFC's Fight Island is coming back to Abu Dhabi. Plus, we get a bit nostalgic in the studio over a pizza chain in Dubai. See omnystudio.com/listener for privacy information.

In this week's episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP take a closer look at AppFolio (NASDAQ: APPF), a software-as-a-service company that offers a subscription-based solution for the property management industry. Plus, hear why Matt has Bank of America (NYSE: BAC) at the top of his watch list this week, while Jason is looking closely at Darden Restaurants (NYSE: DRI) ahead of earnings.    Check out more of our content here: StockUp, The Motley Fool's weekly email newsletter Podcasts Youtube Twitter Reach us by Email @ IndustryFocus@fool.com

So here is interview of Maxbounty CEO from AWE Berlin 2017 and seriously I would say Matt is coolest CEO I have ever met, he is so calm and gentle person. The journey he had shared in this video is truly amazing how they work hard and how they making huge money with 25+ employees only and they are really making tons of money as compared to company with 200+ employees. With just limited no of employees they are breaking the myths and creating huge impact in ad network industry. What a sheer pleasure to interview Matt :) So share this video and tag your friends :)

Ian Silverberg was considering acquiring a health club when he discovered a surprising lease that all but guaranteed his acquisition would be a winner.

On this episode I speak with Liza Bowersox about how startups should be thinking about valuing their company. Liza is a Vice President of Venture First and leads the business valuation practice from Richmond, Virginia.About Liza BowersoxSince 2012, Liza has focused on valuing securities and assets of closely-held businesses and smaller publicly traded companies. She works most often with businesses pursuing exit strategies, M&A and business succession planning. She has worked with hundreds of companies across the United States in the healthcare, technology, agriculture, services, and manufacturing sectors.Since 2012, Liza has provided training to private and public venture funds specific to best practices for valuing early stage enterprises. She is a member of the American Society of Appraisers, holding the Accredited Senior Appraiser designation.Connect with Liza: LinkedIn | Venture FirstDISCLAIMER: I am a lawyer, but not your lawyer. This podcast does not constitute legal advice. If you are considering applying for a patent you should contact a qualified patent attorney.

Lately, you’ve probably noticed a lot of advertisements from companies claiming to buy your home outright for cash. Some of these companies are local investors, others are investing firms, and others still are huge real estate companies like Opendoor and Zillow. The truth is that though they may offer cash, these companies tend to offer sellers prices that are far below market value. Instant offer companies do provide a convenient avenue for distressed sales, but they aren’t right for everyone. If you want to learn more or have any other questions about whether this kind of arrangement would benefit you, feel free to give us a call or send us an email. We look forward to hearing from you soon.

Anthony and James discuss the trends that they think will dominate the headlines in 2019: https://www.waterstechnology.com/data-management/4045791/the-best-longform-stories-of-2019 Artificial Intelligence (2:00) Blockchain (3:00) Back to AI (4:00) Cloud (6:00) Regulation (9:00) Alternative Data (14:00) Quantum Computing (16:45) M&A (17:30) Market Data Fees (22:00) WatersTechnology (24:00) The Best Longform Outside of WatersTechnology (28:00) Trashed: Inside the Deadly World of Private Garbage Collection, Kiera Feldman (ProPublica) https://www.propublica.org/article/trashed-inside-the-deadly-world-of-private-garbage-collection Blood Will Tell, Pamela Colloff (ProPublica) https://features.propublica.org/blood-spatter/mickey-bryan-murder-blood-spatter-forensic-evidence/ “I Killed Them All”, Jessica Garrison (Buzzfeed) https://www.buzzfeednews.com/article/jessicagarrison/martinez-hitman-cartel-black-hand-mano-negra-contract-killer Inside Palmer Luckey’s Bid to Build a Border Wall, Steven Levy (Wired) https://www.wired.com/story/palmer-luckey-anduril-border-wall/ Palantir Knows Everything About You, Multiple Writers (Bloomberg Businessweek) https://www.bloomberg.com/features/2018-palantir-peter-thiel/ The White Darkness, David Grann (New Yorker) — Great book, too. https://www.newyorker.com/magazine/2018/02/12/the-white-darkness America Beyond Detention, Multiple Writers (Observer)  https://www.texasobserver.org/america-beyond-detention/ How Goop’s Haters Made Gwyneth Paltrow’s Company Worth $250 Million, Taffy Brodesser-Akner (NYT Mag) https://www.nytimes.com/2018/07/25/magazine/big-business-gwyneth-paltrow-wellness.html Jose Mourinho’s Last Stand, Sam Borden http://www.espn.com/espn/feature/story/_/id/25145480/jose-mourinho-last-stand Japan’s Rent-a-Family Industry, Elif Batuman (New Yorker) https://www.newyorker.com/magazine/2018/04/30/japans-rent-a-family-industry The Maraschino Mogul’s Secret Life, Ian Frazier (New Yorker) https://www.newyorker.com/magazine/2018/04/23/the-maraschino-moguls-secret-life A Kingdom of Dust, Mark Arax (California Sunday Magazine) https://story.californiasunday.com/resnick-a-kingdom-from-dust How an Ex-Cop Rigged McDonald’s Monopoly Game and Stole Millions, Jeff Maysh (The Daily Beast) https://www.thedailybeast.com/how-an-ex-cop-rigged-mcdonalds-monopoly-game-and-stole-millions

Psychology research in terror management theory has shown that when people are primed with thoughts of mortality, their behaviors change, but not necessarily in helpful ways. Tune in as I talk with dietitian Michelle Alison (the Fat Nutritionist) about how she was able to extrapolate Ernest Becker’s research from the 1980s to today’s diet culture which is full of “wellness” messages about saving your life with every bite of food, every minute of exercise, and every pill. Acceptance of mortality doesn’t mean that you suddenly stop caring about your health and your life. In fact, you may appreciate and celebrate life even more after accepting that perfect health, weight, and bodies don’t actually exist.  About Michelle Michelle Alison, also known online as The Fat Nutritionist. She is a registered dietitian with the College of Dietitians of Ontario. She has an accredited degree (BASc) in nutrition from Ryerson University. She works online to help people stop dieting, deal with picky eating, and relearn normal eating. She’s a member of Dietitians of Canada, and the Association for Size Diversity and Health. She completed the Academy of Nutrition and Dietetics-approved Treating the Dieting Casualty workshop, where she learned how to teach people eating competence. Prior to becoming a RD, Michelle worked in hospitals as a nutrition supervisor, and then a clinical diet tech. All told, she’s worked in nutrition for over a decade. Website | Twitter | Facebook Links mentioned How Goop’s Haters Made Gwyneth Paltrow’s Company Worth $250 Million (New York Times) Eating Toward Immortality (The Atlantic) People Obsessed With Wellness Can't Accept That We're All Gonna Die (Tonic) Body Kindness Episode 16: The Religion of Diet Culture --- Get the Body Kindness book It's available wherever books and audiobooks are sold. Read reviews on Amazon and pick up your copy today! Order signed copies and bulk discounts here! --- Donate to support the show Thanks to our generous supporters! We're working toward our goal to fund the full season. Can you donate? Please visit our Go Fund Me page. --- Get started with Body Kindness Sign up to get started for free and stay up to date on the latest offerings --- Become a client Check out BodyKindnessBook.com/breakthrough for the latest groups and individual support sessions --- Subscribe to the podcast We're on iTunes, Stitcher, Spotify and iHeartRadio. Enjoy the show? Please rate it on iTunes! Have a show idea or guest recommendatio? E-mail podcast@bodykindnessbook.com to get in touch. --- Join the Facebook group Continue the episode conversations with the hosts, guests, and fellow listeners on the Body Kindness Facebook group. See you there! Nothing in this podcast is meant to provide medical diagnosis, treatment, cure, or prevent any disease or condition. Individuals should consult a qualified healthcare provider for medical advice and answers to personal health questions.

The IoT space consists of billions of devices, touches a variety of vertical markets, and presents an extraordinarily large total addressable market. For innovative entrepreneurs, the key to success today is developing IoT solutions that are highly scalable, repeatable, and reliable. Investors seek entrepreneurs who can create widely consumable enterprise solutions to solve real-world problems; achieve efficiencies with data; make intelligent observations; and match the right solutions to the right customers. Michael Dolbec, senior managing director of venture capital and corporate business development at GE Ventures, talks to Pod2112 about the future of IoT and what makes a digital start-up investment-worthy in today's competitive climate.

Kirk's back from vacation and raring to talk about games. What kinds of games? VIDEO games, baby! He and Jason start off discussing what they've been playing, covering God of War's New Game+, Prey: Mooncrash, Destiny 2, The Messenger, and Dragon Quest XI. Then they talk a bit about the glut of indie games en route to the Switch and share some thoughts on that super-slick Cyberpunk 2077 E3 gameplay demo, which CD Projekt Red finally released to the public this week. After that, Kirk has a chat with Ari Gibson and William Pellen, the Australian duo behind the wonderful side-scroller Hollow Knight, before he and Jason bring it home with some TV, book, and music recommendations. Links: Team Cherry Blog, Team Cherry on Twitter Tim Rogers's Dragon Quest XI review Cyberpunk 2077 48-minute E3 gameplay demo Jason on the victims of the Jacksonville shooting Kirk on learning different combat moves in God of War's New Game+ Kirk tries to explain Destiny 2's new weapons system "How Goop’s Haters Made Gwyneth Paltrow’s Company Worth $250 Million" by Taffy Brodesser-Akner Interview intro music: "Greenpath" by Christopher Larkin from the Hollow Knight OST

This week, our friend and colleague, Taffy Akner, chats with us about her viral article, "How Goop’s Haters Made Gwyneth Paltrow’s Company Worth $250 Million." We trace some similarities and differences between Gwyneth and fellow mogul, Oprah, and ask why the wellness industry, ironically, can make us feel bad. Taffy helps us understand how oftentimes, when our current healthcare systems fail to take the pain and suffering of women and gender non-conforming people seriously, Goop can offer a seductive alternative — that comes at a price. Discussed this week:"How Goop’s Haters Made Gwyneth Paltrow’s Company Worth $250 Million" (Taffy Akner, The New York Times Magazine, July 25, 2018)"Our First Podcast: GP Sits Down with Oprah" (The Goop Podcast, March 8, 2018)

Company valuations should be done based on a rational justification of the future growth rate and future earnings of the company, as well as the fundamentals of the business model. For example, whether the company is defensibly unique and how long its competitive advantage can be sustained are both key drivers of company value.

Episode 4: What is your company worth?

Episode 4: What is your company worth?

Eric Gustafson’s story is a great example of how the very best exit planning isn’t really a plan at all – it’s just a continuation of good business practice. Eric ran a tight ship, so when all of the stars aligned to make it the right time for a sale, the business was ready for it and the process of sale was a synch. Listen to his story or read the highlights to find out how he did it… How Eric rode out the storm to become the exit master There was a huge blizzard that brought Minneapolis to a standstill for a month and almost bankrupted his printing business early on in its life. Thankfully things picked up in the following month and they survived, and then it wasn’t long before monthly profits of $40,000 per month became $200,000 per month. How did this happen? By getting a hold of the data within the company and using it to empower the sales team. They implemented what was referred to as a “Telemagic system” back then, which was essentially the CRM system of its day. What made Eric’s company think about selling? The marketplace was changing. Margins were going down and more customers were doing their printing in-house. How was the company valued and sold? Eric used a personal contact who had raised private equity to buy two of his friends’ businesses, so he knew that throughout negotiations he was dealing with someone he could trust. Eric and the rest of his ownership team didn’t have a dollar amount in mind – the valuation was quite simply a fair multiple of easily agreeable figures. “A fair multiple is only fair if you put the time in to build the value of your company!” Did anything need to be done with the numbers in the lead up to the sale? Almost nothing needed to change. The company had been following good habits for a long time, running their financials every month in the proper way. The company benefited greatly from their advisory board which was made up of experienced heads from different industries. These were paid positions, but the range of experience around the table combined with their ability to speak more freely than an internal board of directors made it a very good investment. How long did the process take? The idea to sell came about two years before the ultimate sale, but because of the quality of the financial data, the due diligence only took two weeks! How did he cope after the business? Very well indeed because in his words “I didn’t have a skill set, so I wasn’t emotionally invested”. Because Eric had no background in printing and from the outset hired capable staff to handle the most challenging day-to-day tasks, he could easily walk away. Book recommendation The E Myth: Why Most Businesses Don’t Work and What to Do About It Wise words for the road “it’s good to deal with people you trust” “your business is worth more if you’re not involved” “you can have your cake and eat it too, but it doesn’t just happen” “pretend you’re outside of your business for a year… how would it run?” Contact Eric Phone: 612-239-7833 Email: eric@thegustfsongroup.com

This Podcast Is Episode Number 0156 And It Will Be About What Is Your Construction Company Worth  Have you been in business as a construction contractor or specialty contractor for a while and now you are wondering what your construction company is worth?This question comes up early and often and perhaps you would like a bit of inside information that we share with our Outsourced Strategic Contractor Accounting Services Clients. Nothing Is Ever As Good Or As Bad As It First Appears If you are like most contractors you learned a trade, skill or craft and after a while you decided to go into business for yourself and make "The Big Bucks" and that was one of the happiest day of your life. I've heard It said that boat owners experience two of the happiest days in their lives; the day the bought their boat and the day they sold it.There are two answers to the question what is my construction contracting company worth.Accounting Value: Equity Which Is [Assets or What You Own] (Cash, Tools, Material, Loans The Company Made) - [Liabilities or What You Owe] Payables, Credit Card Balances) = [Equity or what is left Over].These numbers are found on your construction company Balance Sheet. See the example below and notice the highlighted line "Total Equity" This means as far as the accounting records are concerned: #1 If the owner collected all of the money owed to them [Accounts Receivable] and got the security deposit back.#2 Sold all of the vehicles, computers, office equipment, machinery and equipment [Fixed Assets] for the amount shown. #3 Paid all of the bills [Accounts Payable], [Credit Cards], [Other Current Liabilities], [Long Term Liabilities]. #4 There would be $305,616.56 in cash for the owner. The Real World:The true net worth of your construction contracting company is what someone else will pay you for it. There are 100's of factors that affect how much your construction company is worth and I have listed nine of them below:1.    Length Of Time In Business2.    Standard Financial Statements 3.    Net Income4.    Cash Flow5.    Number Of Customers Or Clients6.    New Customer Or Client Acquisition Strategy7.    Existing Customer Or Client Retention Strategy8.    Documented Operations Manuals9.    Unique Selling Proposition #1 Length of Time In Business - In general the longer your business has been around the better. Just know that everything changes rapidly so in most cases what occurred more than three years ago may not be as relevant.#2 Standard Financial Statements - There are number of ways to setup QuickBooks for Contractors it depends on what you want from them.Internal Financial Statements are what most bookkeeper’s setup which means they may add a lot of fluff and try to capture Work-In-Process (WIP) and Job Costing in the Chart of Accounts which is fine for your internal use but next to worthless for anyone outside your company.Tax Preparer Financial Statements are what most C.P.A.'s and Tax Preparers setup which means they keep the Chart of Accounts small as possible and mirror the annual tax return as close as possible. This helps them get the tax return done in the least amount of time and effort possible. It is next to worthless for you, the contractor and anyone else.Standard Financial Statements are what most bankers and investors like to see because the Chart of Accounts are setup in a way that makes it possible for them to understand the financial health and well-being of your Construction Company. Most banks subscribe to a service like The Risk Management Association (RMA) that allows them to input key data from your Financial Statements and returns a very in-depth analysis of your construction company. This means when a contractor gives their banker, investor or potential buyer anything but Standard Financial Statements they are "Shooting Themselves In The Foot With A Nail Gun".Our Contractor Bookkeeping System can provide you with Standard Financial Statements; unless you or your bookkeeper makes adjustments in the Chart of Accounts. You and your bookkeeper can make any adjustments in the Item lists and as long as they are linked to the correct account in the Chart of Accounts it will be O.K. A Bit Of History Helps With Understanding How RMA Can Affect You Personally The Robert Morris Club (RMA) was formed to help businesses and bankers exchange credit information. The RMA developed several tools among them was a system of Ratios that most lenders, creditors and all credit card companies use to separate the good companies from the bad in all industries. The RMA and other reports show where your contracting company stands in relation to other contracting companies serving similar geographic and demographic markets. Each major category, Sales, Cost of Goods Sold, Overhead, Other Expenses and Other Income are rated on a scale of top 25%, middle 50% and bottom 25%. Ideally all of the numbers on your Profit & Loss and Balance Sheet falls somewhere in the middle 50%. Whenever a contractor "forgets" to declare all of their income or "overstate their expenses" it will show up here like a red flag. Finally, a Z-Score (click here for explanation) is compiled which is a formula for predicting bankruptcy. Edward I. Altman published it in 1968. The formula may be used to predict the probability that a firm will go into bankruptcy within two years. Although not 100% accurate it is a useful tool, similar to a tape measure is not 100% accurate yet still useful.You apply for a loan, line of credit, bond, credit card or something similar and the lender asks for a copy of your Construction Company Profit & Loss and Balance Sheet. The lender or bonding agent logs into their RMA account and fills out electronic forms, answers questions about your construction company and inputs specific numbers taken directly from your construction company Profit & Loss and Balance Sheet.Any construction accountant worth his or her salt knows exactly how to setup QuickBooks correctly for your application to be presented in the most favorable light. If a contractor gives the banker, lender or bonding agent a set of financial reports that do not conform to the RMA requirements they may or may not try to extrapolate the numbers they need. In most cases, they will give you the "Thank you for applying" speech before giving you the "We will let you know as soon as we know anything" speech. The rotten shame is most of the time the lender knows the contractor and believes you are a good and decent person who is a valuable client and they know you will pay the loan back, on time, with all of the interest. The problem is most decisions are made based on software and the loan officer cannot violate the lenders policies. This is why sometimes a contractor with excellent credit cannot get a loan or line of credit and yet another contractor with only good credit can get financing at low interest rates, with low down payments and a long time to pay it back.#3 Net Income - Is your construction company earning enough money to pay you a decent salary which should be at least twice your highest paid employee and at least 10% net profit after all costs including Income Taxes. #4 Cash Flow - Is there enough cash in the bank or money market accounts to keep your company running for at least 60 days? And is your cash balance growing every year by at least 5%? #5 Number of Customers or Clients - Which do you have Customers or Clients click here to learn more? Quantity is not as important as quality. Having the right mix of quality customers or clients that provide a lot of top line sales and revenue is critical. #6 New Customer or Client Acquisition Strategy - A simple documented strategy outlining a profile of your best customer demographics and psychographics so you know who they are, where they are and how to attract them. #7 Existing Customer or Client Retention Strategy - A simple documented strategy outlining the changing needs of your customers and clients based upon the profile of your best customer demographics and psychographics so you know what they are going to want before they do and continually innovate your services to those wants, wishes and desires. #8 Documented Operations Manuals - Don't get trapped by the lazy way of training people by paying people to learn by experience or by sitting around the "Camp Fire", "Water Cooler", "Break-Room", or "Jobsite". In the end you will have total chaos because everybody will have a different way of doing everything and not amount of yelling, screaming, threats, punishment will be effective. In the end you will waste a lot of money that should have gone to bottom line profits. This can be avoided with documented operations manuals.#9 Unique Selling Proposition - What is the one thing you do best that makes you the most money is your Unique Selling Proposition. One of our Plumbing companies in the 1990's it was maintenance contracts for fast food restaurants. We made a lot of money by cleaning their drains and side sewers during their slow times instead of waiting until it was an emergency and fixing and replacing leaking faucets because we could schedule the work to be done by our crews during our slow time. These nine tips are only a fraction of what we have to offer and I want to close with a story: The River Of Construction Commerce Has Two Areas The Bad Area - Is where contractors without a Clear Business Strategy operate their Construction Company. Inside the rapids which are shallow, narrow, with boulders, trees and wrecked Construction Companies. It’s loud, rushing, churning like a Wild Roller Coaster with its violent ways which will exact a toll on even the strongest most determined contractor. In time it will wear them down to where they are dispirited and heartbroken or simply heart stopped and flat broke.The Good Area - Is deep and wide with a sandy bottom and meanders quietly and calmly. It is like riding a Peaceful Merry-Go-Round and those Construction Company owners can become wealthy.This Is Frank’s* Story - It started one day when the idea of owning his own Construction Company popped into Frank's head, grabbed his attention and said “Let’s do this!” That Particular Friday - In December the boss had just told Frank that he needed to increase his production. The very idea that his boss would suggest such a thing made Frank's blood pressure go up and Frank was angry about it all day! The Following Day - Frank's close friend Bob stopped by Frank’s house to visit and Frank mentioned the boss’s remarks.  Bob had been encouraging Frank start a Construction Company for years and before you know it Frank The Hot Dog Remodeler, Inc.** was born.With A Box Full Of Enthusiasm - And a pocket full of "Can-Do-Attitude" Frank launched his brand spanking new Construction Company into what looked like the Good Area of The River of Commerce. For a while everything went well. No boss breathing down his neck, no pesky customers to satisfy, no employees with unreasonable demands, no taxes due, nobody gives Frank any guff. He was a free man and life was good!Then It happened - Frank’s phone rang and it was Bob calling to suggest that perhaps Frank could come to his house and build a deck on the back side of his two story house.And So It Began - Frank had his first customer, the one who would help launch him on his journey down the river. Bob Said - "Hey Frank since you don't have any overhead you could do the job at a really, really low price. And in return I will have lots of parties to show off my new deck to all my friends and neighbors which will send lots of business to you!"Frank Spent Time Drawing Blueprints - For the new deck. Bob suggested another cost saving idea that he, Bob could pay for the material using Frank's discount at the local lumber yard.Frank Got The Building Permit - And the work started. Two weeks later it was finished and it looked great!Frank Was Embarrassed - To ask for money for his labor so he asked Bob to suggest a dollar amount.  Bob said since Frank was working for $20.00 an hour at his previous job that would be a fair price. Especially since Frank would get the entire $20.00 and no taxes taken out…what a deal!A Short While Later - Frank started getting lots of work at $20.00 an hour because he was a nice guy and didn't mark up the material like his old boss, the greedy no-good Remodel Contractor. Frank Was Generous - Because he provided the little bits of hardware like a few nails, screws, caulk, glue, tape, shims, wire-nuts, bolts, nuts and washers at no charge.Frank Was Just Entering - The white water rapids in the Bad Area of The River Of Construction Commerce and didn't even know it!Frank Needed - To bring in other trade contractors like plumbers and electricians to do things he was not skilled or licensed to do.Customers Told Frank - It was unfair for him to expect to be paid his $20.00 an hour for the time he spent calling trade contractors, scheduling jobsite visits to review the scope of work, gathering bids, reviewing them with the customer, scheduling the trade contractors and overseeing their work. The customers told Frank he wasn't doing any real work; it was a mini-vacation from swinging a hammer; they said with a grin and a smile.Then Frank Figured Out - His truck was part of the $20.00 an hour he was charging and that it cost money to buy fuel, oil changes, tires, tune-ups and other maintenance and that it needed to be replaced because it was in bad shape.Frank Suddenly Realized - His $20.00 an hour was paying for his truck expenses, cell phone, hand tools, equipment, maintenance, repairs, small supplies like a few nails, screws, caulk, glue, tape, shims, wire-nuts, bolts, nuts and washers and his time to schedule trade contractors. All those things that seemed unfair when his old boss charged his customers for them began to make sense in Frank's Mind and he began to understand why he needed a Business Strategy.The River Was Getting - Rough, loud and mean and the white caps were tossing his little Construction Company around like a rag doll caught in the mouth of an angry dog that had not been feed in three days!In Order To Make Money - And keep his Construction Company afloat he decided to hire some skilled labor and that is when he was just rounding the corner to the bad part of rapids on the river of construction commerce. Frank Found Out - Real fast that skilled construction workers don't work for less than $20.00 an hour plus benefits, vacation, retirement, health insurance, bonuses and everything else he used to ask his boss for back in the bad old days of being an employee.Things Had To Change Fast - So Frank raised his rates and lost all of his price conscious customers. Now Frank was in trouble and going over one of the many waterfalls in bad part of The River Of Construction Commerce. Fortunately Frank - Had a friend who was a trade contractor and referred him to someone who he knows, likes and trusts; The Contractors Accountant and Construction Business Coach who can help him develop his personalized Business Strategy. Randal Tossed A Lifeline - By offering Frank at No charge a one-hour consultation which he immediately grabbed and held onto it for dear life. Frank Became A client - And in time he changed how he saw the world and understood there is a Hall of Justice but there is no Hall of Fairness. And that it is up to every contractor to put as much thought and planning into their Business Strategy as they do into developing a set of drawings for a construction project if they want to have something more than owning a job that nobody wants to buy when they are ready to retire.Frank's Construction Company Coach - Helped him understand he had to choose between being RICH or RIGHT. Frank chose RICH and as a result his construction company **Frank The Hot Dog Remodeler, Inc. made him a very wealthy man.*Frank is not the contractors real name; it was changed to protect his privacy.**Frank The Hot Dog Remodeler, Inc. was used to protect the identity of the firm. I trust this podcast helps you understand that outsourcing your contractors bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking holistic approach to your entire construction company and helping support you as a contractor and as a person. We Remove Contractor's Unique Paperwork Frustrations We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company! That is all I have for now and if you have listened this far please do me the honor of commenting and rating podcast www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance. You Deserve To Be Wealthy, Because You Bring Value To Other People's Lives! I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast This is one more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com Thinking About Outsourcing Your Contractors Bookkeeping Services? Click On The Link Below: www.FastEasyAccounting.com/hs This guide will help you learn what to look for in outsourced construction accounting. Need Help Now? Call Sharie 206-361-3950 sharie@fasteasyaccounting.com Thank you very much and I hope you understand we really do care about you and all contractors regardless of whether or not you ever hire our services.Bye for now until our next episode here on the Contractors Success MAP Podcast. Warm Regards, Randal DeHart | Contractors Accountant We Remove Contractor's Unique Paperwork Frustrations