Podcasts about ebitda

The A.I. story is shifting from infrastructure build‑out to monetization, and Alex Bouzari, CEO of DataDirect Networks, says “tokenomics” will determine whether massive Nvidia (NVDA) GPU investments generate real EBITDA. Bouzari explains how data centers are becoming AI factories and why established enterprise players like Oracle (ORCL) and SAP (SAP) are best positioned to win. Those that fail to integrate A.I. quickly risk being left behind as adoption accelerates.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

From grassroots soccer parks to $600 million exits, Marty M. Fahncke reveals why every dollar of EBITDA sacrificed for tax savings costs you seven on a multiple, how the build versus buy decision needs a reality check, and why a business fully prepared to sell is the best business to own. In this episode of the DealQuest Podcast, host Corey Kupfer sits down with Marty M. Fahncke, CMAA, who has helped hundreds of businesses scale to over $1 billion in combined revenue and executed nearly $500 million in M&A deals. He is the founder of Westbound Road, an M&A advisory firm specializing in digital businesses in the $5-50 million range, and author of Boomer Sells the Business: A Step-by-Step Guide to Cashing Out and Living Large. WHAT YOU'LL LEARN: In this episode, you'll discover why the build versus buy analysis fails when founders underestimate timelines and costs, and why opportunity cost is often the biggest expense that never appears in spreadsheets. Marty explains how combining marketing expertise with M&A strategy creates advantages most advisors lack, the costly trade-off between profit maximization and tax mitigation that saves twenty cents but costs seven dollars on a multiple, and why operational decisions like CRM selection or staffing structure can kill deals worth millions. You'll also learn how the Who Not How philosophy transforms into a powerful acquisition playbook, why SaaS founders who turned down $50 million in 2021 are accepting those valuations were an anomaly, and how authority marketing through podcasts generates clients who arrive ready to sign without sales conversations. MARTY'S JOURNEY: Marty grew up in the mountains of Utah wanting to be either a forest ranger or join the military. Neither path worked out, and he ended up on the entrepreneur path instead. Even as a teenager, he showed entrepreneurial instincts, selling water purifiers and vacuums and running a bicycle rehab business at age twelve. M&A was completely off his radar until he and some friends started a soccer training product company. They took a truly grassroots approach, setting up canopies at local parks every weekend where kids played soccer. Marty had his children demonstrate the product while he sold to parents. Those park sessions taught them exactly what messaging resonated. Marty used those insights to create a marketing campaign that got the product onto QVC in the United States and Japan. Just eighteen months in, they received an unsolicited $1.5 million offer from a private equity firm buying their proven QVC sales channel. His next deal flipped the approach. Instead of building from scratch, Marty and a partner combined two competing businesses, each doing $1.5-2 million in revenue. By eliminating competition and consolidating operations, they scaled from under $4 million to $30 million in two years. That company eventually became part of a $600 million exit through a reverse merger. After that exit, Marty built a personal portfolio of businesses. In 2019, he focused on M&A full-time. When 2020 hit, he saw opportunity in the chaos. He reached out to companies about selling, and economic uncertainty generated many yes responses. When businesses weren't right for his portfolio, sellers asked if he knew other buyers. He started triangulating deals, brought in partner Becky, and launched Westbound Road in 2020. They focus exclusively on digital businesses between $5 and $50 million, including e-commerce, SaaS, publishing, marketing agencies, and virtual professional services. The firm is intentionally small at five people but highly specialized. THE MARKETER'S EDGE: Marty brings a rare combination of world-class marketing expertise and deep M&A experience. Most advisors excel at one or the other, rarely both. He is a marketer at heart and applies marketing principles to M&A strategy. This matters because organic growth drives valuation multiples. Buyers pay premiums for demonstrated growth momentum, often adding an extra turn or two on exit multiples. Marty sees both sides of the equation, knowing how to build marketing systems that drive organic growth and how to structure deals that accelerate inorganic expansion. KEY INSIGHTS: The build versus buy decision requires brutal honesty. Marty sees unreasonable optimism every time founders analyze whether to build or acquire. His rule: double the timeline, triple the costs. Even then, most analyses miss opportunity cost. What revenue will you lose spending years building? What market share will competitors capture while you're distracted? These costs rarely appear in spreadsheets but are often the most expensive part of the build decision. The Who Not How philosophy becomes an acquisition playbook. When something needs to be done, don't ask how you can learn it yourself. Find someone already better at it and acquire them. Marty applied this when a bookkeeping firm asked for growth help. Instead of consulting fees, he negotiated equity, brought marketing expertise and clients, they tripled revenue, and everyone won when they sold. Profit maximization beats tax mitigation. Every dollar of EBITDA sacrificed to save taxes saves twenty cents but costs seven dollars on a multiple when you sell. When Marty shows clients this math, they immediately shift strategies. This insight often represents millions in additional exit value. Begin with the buyer in mind. Westbound Road identifies upfront who will buy your business and why, then builds the business to suit those buyers. Every decision from CRM selection to staffing structure gets evaluated through one lens: how will this impact deal viability at exit? Minor operational choices can kill deals worth millions. A client built operations entirely on offshore VAs with impressive margins, but many buyers walked away. To command their target multiple, they needed to onshore roles and add W-2 employees. Another business chose a non-standard CRM. An acquirer walked away because integrating it created too much friction. That preference cost millions. The SaaS valuation bubble is being accepted as an anomaly. In 2021-2022, founders got $50 million offers for businesses worth $12 million today. Many refused, expecting the market to stay hot. Marty shows them the charts: the market returned to historical norms, and eighteen months was a bubble. Those founders are finally accepting realistic valuations. Authority marketing creates pre-sold clients. When prospects ask questions, Marty's team sends time-coded podcast links. Prospects listen to full episodes, then more episodes, and arrive ready to sign without sales calls. His first ChatGPT client found Westbound Road via AI recommendation, watched three episodes, and asked where to sign. A business fully prepared to sell is the best business to own. The best practices for creating enterprise value that commands premium multiples are the same practices that make a business pleasurable to operate. Clean financials, reduced owner dependency, autonomous systems, and strategic structure benefit owners whether they sell or not. Perfect for business owners in the $5-50 million range planning exits, entrepreneurs considering M&A advisory relationships, and anyone interested in combining marketing expertise with deal-making to build and sell businesses. FOR MORE ON THIS EPISODE: https://www.coreykupfer.com/blog/martyfahncke FOR MORE ON MARTY FAHNCKE: Website: https://westboundroad.com LinkedIn: https://www.linkedin.com/in/martyfahncke/ FOR MORE ON COREY KUPFER https://www.linkedin.com/in/coreykupfer/ https://www.coreykupfer.com/ Corey Kupfer is an expert strategist, negotiator, and dealmaker with more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker deeply passionate about deal-driven growth. He is the creator and host of the DealQuest Podcast. Episode Highlights with Timestamps[00:06:48] - Introduction: Marty Fahncke's credentials and experience [00:08:38] - Childhood dream of being a forest ranger in the mountains of Utah [00:11:12] - Early entrepreneurial ventures: bike rehab business at age twelve [00:11:30] - First major deal: grassroots soccer product to QVC and $1.5 million exit[00:23:36] - Eliminating competition through collaboration instead of competing [00:23:36] - Who Not How philosophy applied to M&A and acquisition strategy [00:24:09] - Build versus buy analysis and unreasonable optimism trap [00:28:52] - Combining marketing expertise with M&A strategy as unique advantage [00:31:08] - Starting Westbound Road advisory firm during 2020 disruption [00:33:37] - Focus areas: $5-50M digital businesses, e-commerce, and SaaS [00:34:09] - Exit planning gap: helping founders understand what they have [00:47:13] - Beginning with the end in mind: identifying buyers before building [00:48:01] - Offshore VA staffing structure as deal-killer example [00:48:30] - Non-standard CRM selection costing millions in lost deal value [00:50:36] - A business fully prepared to sell is the best business to own [00:53:23] - Freedom defined: making impact on entrepreneurs and participating in exits[00:57:32] - Authority marketing: podcast content creating pre-sold clients [01:01:00] - First ChatGPT-originated client story Guest Bio:Marty Fahncke, CMAA is a seasoned marketer and dealmaker with over 35 years of business experience and over 25 years in M&A. He has helped hundreds of businesses scale to over $1 billion in combined revenue and executed nearly $500 million in M&A deals. His first deal was selling a grassroots soccer product business for $1.5 million. His second deal combined a $2 million company with a $1.5 million company and built it to $30 million in revenue in two years. Since then, he has been involved in deals from $5 million to $600 million. He is the founder of Westbound Road, an M&A advisory firm specializing in digital businesses between $5 and $50 million, including e-commerce, SaaS, publishing, marketing agencies, and virtual professional services. Marty is a top-ranked podcast guest, international speaker, and author of Boomer Sells the Business: A Step-by-Step Guide to Cashing Out and Living Large. He owns five motorcycles and over thirty businesses. Host Bio:Corey Kupfer is an expert strategist, negotiator, and dealmaker with more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker deeply passionate about deal-driven growth. He is the creator and host of the DealQuest Podcast. Show Description:Do you want your business to grow faster? The DealQuest Podcast with Corey Kupfer reveals how successful entrepreneurs and business leaders use strategic deals to accelerate growth. From large mergers and acquisitions to capital raising, joint ventures, strategic alliances, real estate deals, and more, this show discusses the full spectrum of deal-driven growth strategies. Get the confidence to pursue deals that will help your company scale faster. Related Episodes:Episode 332 - John Martinka: Exit Planning and Value Drivers for Business Sales Episode 331 - Solocast 72: 2025 M&A Market Outlook and Deal Activity PredictionsEpisode 328 - Richard Manders: Growing Through Acquisition and the Deal-Maker MindsetEpisode 327 - Solocast 71: Authority Marketing and Content Strategy for Business Growth Social Media:Follow DealQuest Podcast: LinkedIn: https://www.linkedin.com/in/coreykupfer/ Website: https://www.coreykupfer.com/ Follow Marty Fahncke: Website: https://westboundroad.com LinkedIn: https://www.linkedin.com/in/martyfahncke/ Keywords/Tags:M&A advisory, exit planning, business valuation, lower middle market, build versus buy, organic growth, inorganic growth, SaaS valuation, e-commerce acquisitions, profit maximization, tax mitigation, enterprise value, Who Not How, business exit strategy, exit readiness, authority marketing, content marketing, podcast marketing, deal-driven growth, strategic acquisitions, business combination, marketing expertise, digital businesses, operational decisions, CRM selection, staffing structure, business sale preparation

Would you like access to our advanced agency training for FREE? https://www.agencymastery360.com/training Most agency owners say they want to sell someday… but they're building something completely unsellable. The mistake? Not only a lack of a clear vision for the future of their agency, but also a lack of understanding of what they'll need to build a sellable agency. If you're an agency owner planning to sell one day, do you understand what buyers are usually looking for? Do you know which type of buyer you're hoping to attract? Today's featured guest understands that most agencies are acquired by private equity and built the private equity partner he felt was missing in the space. He'll talk about what actually drives valuation, what kills deals, and how to build an agency that buyers want to compete for. Ben Gaddis is the former founder of T3, a digital agency he sold to private equity in 2019. After going through multiple acquisitions himself, he now runs an operator-led private equity firm focused exclusively on tech-enabled service and agency businesses. As a former owner who's been on both sides of the table, he knows exactly what buyers are thinking. In this episode, we'll discuss: What are private equity companies looking for in agencies? Recurring revenue vs. retention What would actually increase your agency's valuation? If the goal is talent, should you consider an acquisition? Subscribe Apple | Spotify | iHeart Radio Sponsors and Resources E2M Solutions: Today's episode of the Smart Agency Masterclass is sponsored by E2M Solutions, a web design, and development agency that has provided white-label services for the past 10 years to agencies all over the world. Check out e2msolutions.com/smartagency and get 10% off for the first three months of service. Toggl: Most agencies are losing 15–30% of their profit every year: lack of time tracking, messy manual timesheets, scope creep, untracked revisions, and all those "quick" client requests that never get billed. Toggl has created a fast, interactive way to uncover exactly where your margins are leaking. Start your investigation now at toggl.com/smartagency and use the code SMARTAGENCY10 at checkout for a 10% off annual plans. What Private Equity Actually Looks For (It's Not What You Think) The reality is that most private equity companies are looking to buy a couple of agencies to slam them together and eventually sell them for more. Based on this, agency owners have an idea of what these buyers want and mostly focus on revenue or EBITDA. According to Ben, however, buyers are looking at a few core things first: Client concentration Recurring or predictable revenue Net revenue retention Founder dependency (aka key-person risk) Clear vision and differentiation Let's start with client concentration. A lot of owners panic if one client makes up 20% of revenue. Some PE firms get nervous at 10%. But Ben brings nuance here. If you've landed and retained a $2–3M client for years, that's proof you can serve at a high level. That's powerful. The issue isn't just one big client. It's when your top 3–5 clients make up 50–60% of revenue. That's where it gets risky. If you're in that position, you already feel it. One bad email. One procurement shift. One budget freeze. And your stomach drops. That's not a valuation problem. That's a freedom problem. Recurring Revenue vs. Retention (The Smarter Metric) Everyone argues about contracts. "Should I lock clients into 12 months?" "Should we go month-to-month?" Ben argues that the real metric is net revenue retention. If you're at 90–100%+ retention, buyers don't care as much about contract length. He shared a case where they bought a company with almost zero recurring revenue but 115% net revenue retention. Clients kept buying more. The business was healthy. The packaging just needed to change. This is huge for agencies stuck in custom project hell. Sometimes it's not your service. It's how you position and sell it. Are you framing projects as standalone deliverables or as phases in a longer journey? If you're stuck working in the business and scrambling for the next sale, this is where to look first. Integration > Financial Engineering There are two types of buyers: Financial engineers smashing agencies together to increase multiples Operator-led firms building real integrated offerings Ben sees a lot of "fake integration." Agencies get acquired, but nothing truly connects. No shared systems. No real cross-sell. No operational synergy. Sophisticated buyers see through that immediately. What actually increases valuation? Additive capability. Does one service naturally lead to another? Does it solve a deeper problem for the same buyer? Does it expand wallet share within the same account? If you're thinking about acquisitions, don't buy revenue. Buy strategic fit. Otherwise, you're just running two companies under one logo. Growing Through Acquisition (And When Not To) A lot of 7-figure agency owners hit a wall where they can't hire fast enough and start to feel overwhelmed. The team depends on them. Growth feels capped. So they think: "Maybe I should acquire" and figure they should start small, as it seems easier than going through a big acquisition. Buying a bigger company or doing a merger of equals is certainly complicated in terms of defining who's in charge and which brand should remain. So, it should be a very complementary offer with a clear leader for it to make sense. This would be much clearer when buying a smaller business. However, here's the thing: Small acquisitions are just as hard as big ones. The legal, the integration, the emotional complexity, it's all real. If you've never done one before, the odds of it going smoothly are low. If the goal is talent… why not build offshore first? With AI and real-time translation tools, the global talent pool is radically more accessible than it was even five years ago. A lot of agency owners avoid offshore because it failed before. But the game has changed. If your bottleneck is hiring, you might not need to buy an agency. You might need to rethink your talent strategy. How to Prepare for a Sale (Even If You're Not Selling) This is where most deals fall apart, and Ben believes it's important for owners to try to cover any gaps in knowledge. Try to learn as much as you can about the process and the buyer to better understand their expectations. And if you still have questions, then don't hesitate to ask! Some aspects that owners may not understand and that you should start learning about: Working capital expectations Accrual vs. cash accounting Quality of Earnings (QofE) reviews Data cleanliness Revenue tagging Furthermore, Ben recommends something most owners never do: Run your own QofE before going to market. Know your skeletons. Track secured revenue. At the start of each year, how much revenue is already locked in? If that number consistently grows year over year, that's powerful. Buyers will ask about revenue by capability, revenue by sales rep, revenue by region, and client concentration by top 3/5/10. If your data is messy, you lose leverage. And if you're thinking, "I'll figure that out when I'm ready to sell," you're already behind. Vision Is the Real Multiplier Right now, Ben is seeing a lack of vision + execution alignment. AI is reshaping agency models in real time. Entire categories of services didn't exist a few months ago. The agencies that win won't just be efficient. They'll have a tight, clear, communicated vision. Agencies won't scale just because of a tactic. They'll scale because the vision was clear enough that the team could make decisions without the owner. If your team can't make decisions without you, that's not a people problem. That's a vision problem. And that's also why you're still stuck in fulfillment. Do You Want to Transform Your Agency from a Liability to an Asset? Looking to dig deeper into your agency's potential? Check out our Agency Blueprint. Designed for agency owners like you, our Agency Blueprint helps you uncover growth opportunities, tackle obstacles, and craft a customized blueprint for your agency's success.

Lucy Robinson: Fired from her job, now running a £650k global search firmLucy Robinson runs LCR International, a global executive search firm specialising in fresh produce across six continents.Today, the business is doing around £650k in revenue, but the story really started in December 2019 when Lucy was fired from her job for not hitting targets.At the time, she had no savings, a three-year-old at home, and had just spent months trying to build a new desk for an agency she'd previously worked for.Two weeks before she got fired, her husband had said something half-jokingly:"The only way you'll ever start your own agency is if you get sacked."Two weeks later, that's exactly what happened.Starting a business at that point didn't exactly look like the sensible move.Lucy had a young family, no financial buffer, and was launching into a market she already knew was competitive.But she did it anyway.She launched LCR International, working three days a week, just as the world walked into COVID.The first year, she billed £100k and was mostly filling contingent work.She wanted to move into retained search, but it wasn't really working.In 2023, she decided to change the model completely and invested in proper search training and it changed everything.The business moved to around 90% retained search, margins improved, and growth accelerated.Revenue went from £250k to £500k to £650k across three years.Now the focus isn't on scaling faster.It's about building a profitable, sustainable business that works for her family as well as her career.The business currently runs at around 20% net profit, with a small team and clients across the world.And Lucy has no interest in building a huge agency just for the sake of it.Instead, she's focused on growing the business in a smarter way - using better positioning, retained search, automation and AI rather than simply adding more headcount.Her goal now is £800k this year and £1m next year, whilst keeping the business lean and flexible.This week on The RAG Podcast, Lucy shares the full story.We talk about:• Getting fired with no savings and a young child at home• Starting a business just before COVID hit• Building £100k in the first year working three days a week• Taking maternity leave twice whilst growing the business• Why contingent search stopped working for her• The training that helped shift the business to retained search• Growing from £250k → £500k → £650k• Running a global niche search firm across six continents• Raising two young kids whilst building the business• Why she prioritises flexibility over building a massive team• Her focus on profitability and a 20% net margin• Using automation and AI instead of headcount• Her plan to reach £1m revenue without sacrificing family lifeWhat I really liked about Lucy's story is that she's building the kind of business more founders are starting to want.A niche firm.A strong reputation in a specific market.Good margins.A small team.And a business designed around life, not the other way round.It's a great example of what a modern recruitment business can actually look like.__________________________________________Episode Sponsor: AtlasLet's be honest. Admin is one of the biggest drains on growth in a recruitment business.That's where Atlas comes in.Atlas is the AI-first recruitment platform built for modern agencies that want to scale without adding more manual work.It doesn't just track CVs and calls. It captures every conversation - emails, interviews, client calls - and makes it fully searchable.With Magic Search, you can literally ask:- Who mentioned they're open to relocating next year?- Who talked about wanting a four-day week?- Who's worried about their commute?Atlas searches across real conversations, not just keywords on a CV, and gives you answers instantly.Atlas 2.0 also makes business development easier. With Opportunities, you can track and grow client relationships using generative AI, all inside your existing workflow.And this isn't hypothetical.Atlas customers have reported up to 41% EBITDA growth and an 85% increase in monthly billings after adopting the platform.No admin. No silos. No lost information.Just faster shortlists, better hires, and more time spent on the work that actually drives revenue.If you want to see what the future of recruitment looks like, unlock your exclusive RAG listener offer at:https://recruitwithatlas.com/therag/

Marilyn Adler and Liddy Karter identified a gap where credit fund managers were getting larger and the lower middle market was getting ignored. They combined forces to “really go after the market,” forming Mizzen Capital. “We'll start with a company when it's two to five million of EBITDA and then help them with add-on acquisitions to get to their target EBITDA,” Marilyn says. Liddy adds: ”The steady returns come from diversification. We can pivot from one of several sectors.” In this conversation with host Ann Dorsett, the co-founders and managing partners describe their complementary backgrounds and their approach. Tune in as they reveal how they keep leverage low with their portfolio companies, why diverse teams price risk better, and when a warm referral from an aerospace CEO turned into a three-year relationship.Connect and Learn More☑️ Liddy Karter | LinkedIn☑️ Marilyn Adler | LinkedIn☑️ Mizzen Capital | LinkedIn☑️ Ann Dorsett | LinkedIn☑️ McGuireWoods | LinkedIn | Facebook | Instagram | X☑️ Subscribe Apple Podcasts | Spotify | Amazon MusicThis podcast was recorded and is being made available by McGuireWoods for informational purposes only. By accessing this podcast, you acknowledge that McGuireWoods makes no warranty, guarantee or representation as to the accuracy or sufficiency of the information featured in the podcast. The views, information or opinions expressed during this podcast series are solely those of the individuals involved and do not necessarily reflect those of McGuireWoods. This podcast should not be used as a substitute for competent legal advice from a licensed professional attorney in your state and should not be construed as an offer to make or consider any investment or course of action.

In this episode, the hosts analyze a three-location skincare franchise in Alexandria, VA generating $6.4M in revenue—but debate whether razor-thin margins and franchisor red flags make this a falling knife.Business Listing – https://www.bizbuysell.com/business-opportunity/3-open-and-operating-skin-care-franchises-in-dmv-with-6-4m-in-revenue/2472429/Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them.Looking to build a professional website in minutes? Try Wix: https://wix.pxf.io/c/6898629/3115214/25616?trafcat=templateHubSpot is the backbone for how businesses scale without chaos. Try them out here: https://go.try-hubspot.com/OeG9Vr

In this episode, Matt Brown and Dr. Andrew Vallo break down EBITDA and why it matters for dental practice owners. They clear up common misconceptions, explain how to adjust for one-time expenses, and discuss how to work effectively with CPAs for accurate financial reporting. Tune in to learn how understanding and optimizing your EBITDA can strengthen your practice's financial health and long-term value.

In this episode of Portfolio Pulse, host Steven Huskey welcomes Mark Osborne—founder of Modern Revenue Strategies, marketing technology trailblazer, best‑selling author, and one of the few marketing and sales experts who is also a Certified Exit Planning Advisor. Mark shares his unexpected journey from promoting college bands to advising major brands, and ultimately to helping mid‑sized businesses grow revenue and maximize enterprise value. Mark explains why traditional marketing agencies often miss the mark when companies are preparing for an exit, and how shifting focus from “big, sexy strategy projects” to improving processes, systems, and recurring revenue can dramatically increase a company's valuation. With real examples—including how a roofing company doubled its exit multiple—Mark breaks down the practical steps entrepreneurs can take to strengthen EBITDA, enhance transferability, and position their business for a more profitable sale. 

Send a textIn this episode of The Private Practice Survival Guide, Brandon Seigel breaks down one of the most overlooked—but most critical—elements of private practice ownership: defining your endgame and building a deliberate exit strategy. Rather than reacting to burnout, retirement pressure, or market shifts, Brandon challenges practice owners to forecast their “final play” early and let that vision drive every operational, financial, and leadership decision. From realistic valuation multiples and EBITDA expectations to why only a small percentage of practices ever sell successfully, this episode reframes exit planning as a growth discipline—not an afterthought.Listeners are guided through practical exit scenarios, buyer types (family, employees, competitors, private equity), and the metrics buyers actually care about—clean financials, upward growth trends, scalable systems, and strong human capital. Brandon also outlines common valuation mistakes, tax considerations, timing strategies, and the importance of planning at least 5–7 years in advance. The result is a clear, executive-level roadmap for maximizing practice value, protecting legacy, and exiting on your terms—so you can thrive long before the sale ever happens.Welcome to Private Practice Survival Guide Podcast hosted by Brandon Seigel! Brandon Seigel, President of Wellness Works Management Partners, is an internationally known private practice consultant with over fifteen years of executive leadership experience. Seigel's book "The Private Practice Survival Guide" takes private practice entrepreneurs on a journey to unlocking key strategies for surviving―and thriving―in today's business environment. Now Brandon Seigel goes beyond the book and brings the same great tips, tricks, and anecdotes to improve your private practice in this companion podcast. Get In Touch With MePodcast Website: https://www.privatepracticesurvivalguide.com/LinkedIn: https://www.linkedin.com/in/brandonseigel/Instagram: https://www.instagram.com/brandonseigel/https://wellnessworksmedicalbilling.com/Private Practice Survival Guide Book This show is proudly produced at PS Studios — learn more https://www.psstudios.co

SpaceX is targeting a $1.75 trillion valuation for what could be the largest IPO in history. In this video, we examine how Elon Musk is folding a money-burning AI startup and a struggling social media platform into a rocket company to justify a price tag that defies financial gravity. From the engineering absurdity of "orbital data centers" and lunar railguns to the structural manipulation of the Nasdaq 100, we explore how low-float strategies and "fast-track" index inclusion rules are being used to turn passive 401(k) investors into exit liquidity for insiders. We look at the gap between EBITDA "vibes" and GAAP reality and the pivot from Mars to the Moon.Patrick's Books:Statistics For The Trading Floor: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3eerLA0⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Derivatives For The Trading Floor: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://amzn.to/3cjsyPF⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Corporate Finance: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3fn3rvC ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ways To Support The Channel:Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/PatrickBoyleOnFinance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle

Frank and Jon unpack: • Why today's competitive landscape means growth-motivated buyers must approach deals differently. • The three core reasons advisors pursue acquisitions - and which ones actually lead to long-term success. • How leverage, bank financing, and EBITDA-based lending really work in practice. • Why “fixer-upper” books may offer the strongest ROI. • How elite buyers win deals by understanding the emotional side of selling a practice. • The art of creating a safe landing place for sellers, their teams, and their clients. • Why phased buyouts and seller glide paths often create better retention and better economics for everyone. Jon also shares numbers, structures, and stories that demystify the math behind buying a practice - and the mindset required to scale from practitioner to true enterprise builder. If you're a buyer, seller, or advisor considering M&A in any form, this episode is a blueprint you can't afford to miss. Resources: Jon Kuttin's LinkedIn: www.linkedin.com/in/jonathankuttin   Elite Consulting Partners | Financial Advisor Transitions: https://eliteconsultingpartners.com Elite Marketing Concepts | Marketing Services for Financial Advisors: https://elitemarketingconcepts.com Elite Advisor Successions | Advisor Mergers and Acquisitions: https://eliteadvisorsuccessions.com JEDI Database Solutions | Data Intelligence for Advisors: https://jedidatabasesolutions.com Listen to more Advisor Talk episodes: https://eliteconsultingpartners.com/podcasts/ Follow us on LinkedIn: https://linkedin.com/company/eliteconsultingpartners Chapters:   00:00 Introduction 01:08 Meet Jon Kuttin 04:42 What Makes a Buyer Truly Ready 13:56 Building Enterprise Value Through Acquisitions 17:20 Managing Risk, Liquidity & Debt Capacity 21:08 Where the Best Acquisition Opportunities Are 35:20 Why Seller Fit Matters More Than Price 42:02 Structuring Glide Paths, Partial Sales & Long-Term Transitions

Nathan Rust, Senior VP of Corporate Development, Salas O'Brien Salas O'Brien has completed 30+ mergers with a 100% success rate and 93% cumulative leadership retention.  That doesn't happen by accident. Nathan Rust, Senior VP of Corp Dev, explains the system behind those numbers. He shares how they screen bad fits on the first call, why their CEO meets every employee from acquired firms, and how a founder-driven sourcing flywheel attracts inbound deals. In this episode: You'll learn how they screen 200+ opportunities a year down to the ones worth closing, why their initial diligence list is 10 questions, how reverse due diligence works as a real screening tool, and what CEO-led integration meetings mean for retention. The core argument: Cultural fit isn't a soft metric. Believe it or not, it's the primary filter for deals. EBITDA tells you what you're buying, but people tell you whether it survives.  If you run corp dev at a people-intensive business and wonder why your post-close retention doesn't match your pre-close promises, this episode is for you. What You'll Learn in This Episode Why retention is one of the most overlooked risks in M&A How cultural compatibility is assessed during early conversations Why many buyers damage their reputation by retrading deals How equity rollovers align incentives between buyers and sellers Why simplicity in diligence often produces better results How direct outreach and referrals drive proprietary deal flow The role of reverse diligence in evaluating buyer credibility This episode is sponsored by M&A Science If you're struggling to retain founder-led leadership teams post-close, the Hub has frameworks for cultural integration and leadership retention to help you actually deliver on what you promised at signing. Get access at www.mascience.com/membership _____________________ This episode is also sponsored by DealRoom The best M&A teams close deals faster...not because they work harder, but because they have better systems. DealRoom helps you manage your entire deal lifecycle from target identification through close. No more hunting for documents or wondering what's blocking progress. Request a Demo today: https://hubs.ly/Q03ZMvQX0  ____________________ Episode Chapters  [00:04:40] Nathan's Background & How It Shaped His M&A Philosophy [00:09:25] Why People Are the Primary Deal Filter [00:11:23] The Three Screening Criteria on Every First Call [00:16:51] Earnouts, Equity Rollover, and Employee Ownership [00:21:21] Deal Sourcing: Employee Referrals, Buy-Side Reps, Direct Outreach [00:33:37] How Introductory Calls Actually Run (And Why They're 90% Personal) [00:42:10] The 10-Question Diligence List & Reverse Due Diligence   [00:47:50] Valuation Philosophy — Fair Offers, No Retrading [00:51:10] ESOP Deal Complexity & The Charlotte Deal Story [00:55:00] Integration: Why the CEO Meets Every Employee [00:57:44] The Craziest Thing in M&A 

Michael Feldman is the former CEO and Co-Founder of Choice New York Companies, a group of firms providing property management, building staffing, and brokerage services to medium and large residential buildings across New York City. He built the company from zero revenue to roughly $27M in revenue and $5.1M in EBITDA before selling the business to Associa Corp. in 2021. Today, Michael remains active in the real estate industry as a real estate and tech investor and advisor, bringing decades of operational experience building and scaling service platforms in the New York multifamily market and beyond.(01:17) - From Hollywood to New York Real Estate(03:35) - How PM Models Evolved(04:50) - Decision to Exit in 2021(05:59) - Why Few New Entrants & Barriers to Entry(09:49) - AI Use Cases in Property Management(12:00) - Feature: Blueprint: The Future of Real Estate 2026 in Vegas on Sep. 22-24(12:51) - 'War' Stories(16:05) - M&A & Industry Consolidation(20:51) - Collaboration Superpower: Winston Churchill

Send a textIn this quick tip episode of Private Practice Survival Guide, Brandon Seigel breaks down how to accurately define the sales valuation of a private practice—and why misunderstanding valuation mechanics can cost owners hundreds of thousands of dollars at exit. He explains the two primary deal structures (stock sales vs. asset sales), how insurance contracts and tax IDs impact deal viability, and why buyer type (private equity, strategic buyers, internal partners, or individual investors) directly influences valuation outcomes.Brandon walks through the most common valuation methodologies, including EBITDA multiples and discounted cash flow (DCF), while clarifying common mistakes owners make—especially overstating EBITDA by misclassifying owner compensation. Using a real-world case study, he shows how proper add-backs, risk reduction, operational independence, and infrastructure readiness can dramatically increase multiples and sale price. The episode closes with practical steps to optimize value, protect sensitive data during negotiations, and prepare early so owners exit confidently, maximize leverage, and preserve the legacy they've built.Welcome to Private Practice Survival Guide Podcast hosted by Brandon Seigel! Brandon Seigel, President of Wellness Works Management Partners, is an internationally known private practice consultant with over fifteen years of executive leadership experience. Seigel's book "The Private Practice Survival Guide" takes private practice entrepreneurs on a journey to unlocking key strategies for surviving―and thriving―in today's business environment. Now Brandon Seigel goes beyond the book and brings the same great tips, tricks, and anecdotes to improve your private practice in this companion podcast. Get In Touch With MePodcast Website: https://www.privatepracticesurvivalguide.com/LinkedIn: https://www.linkedin.com/in/brandonseigel/Instagram: https://www.instagram.com/brandonseigel/https://wellnessworksmedicalbilling.com/Private Practice Survival Guide Book This show is proudly produced at PS Studios — learn more https://www.psstudios.co

SummaryIn this episode, Azim Nagree, head of M&A at Herringbone Digital, shares insights on building a successful origination engine, the importance of early and honest communication in M&A, and how agencies can prepare for sale by focusing on retention, growth, and profitability.TakeawaysOpen and honest conversations early in the process streamline deals.Retention rate of 80% is a key indicator of business health.Growth of 15-20% and EBITDA of 20-25% are desirable benchmarks.AI should improve core business metrics to add value.Founders should focus on building a strong foundation before sale.Chapters00:00 Introduction and Milestone Celebration01:10 Azim Nagree's Background and Herringbone's Focus05:42 Herringbone's Acquisition Strategy and Ideal Targets07:49 Relationship with Private Equity and Deal Support09:21 Lessons from Deal Experience and Early Communication13:43 Deal Origination Process and Tech Stack15:00 Defining the Prospect Universe and Narrowing the Buy Box16:33 Balancing Organic and Broker Deal Sourcing18:43 Assessing Seller Readiness and Valuation Expectations20:01 Using the 'Magic Number' to Evaluate Sellers23:57 The Triangle of Value: Retention, Growth, Profitability25:21 Evaluating EBITDA and Adjusted EBITDA28:57 Retention and Growth Benchmarks for Agencies29:59 The Leaky Bucket Problem in Agencies30:05 Identifying Signs of Retention Issues30:36 Impact of AI on Agency Valuation and Performance34:09 Common Mistakes Before Selling an Agency35:36 Advice for Founders Considering Exit36:47 Managing Communications with Potential Buyers39:51 Closing Remarks and Key TakeawaysConnect with Christian and AyeletAyelet's LinkedIn: https://www.linkedin.com/in/ayelet-shipley-b16330149/Christian's LinkedIn: https://www.linkedin.com/in/hassold/Web: https://www.inorganicpodcast.coIn/organic on YouTube: https://www.youtube.com/@InorganicPodcast/featuredConnect with Azim Nagree on LinkedInHerringbone Digital - https://herringbonedigital.com Azim Nagree on LinkedIn https://www.linkedin.com/in/azimnagree/ Hosted on Acast. See acast.com/privacy for more information.

L'escalation in Medio Oriente sta colpendo duramente il trasporto aereo: tra fine febbraio e inizio marzo sono stati cancellati oltre 43 mila voli nell'area, con forti ripercussioni sulle rotte tra Europa, Asia e Oceania. Le compagnie sono costrette a deviare i percorsi evitando le aree di conflitto, aumentando tempi di volo e costi operativi. Parallelamente pesa il rincaro del jet fuel: il prezzo del carburante per aerei, spinto dalla tensione energetica, potrebbe salire fino a 150-200 dollari al barile. Il risultato è un aumento generalizzato delle tariffe: alcune tratte business raggiungono prezzi eccezionali, fino a oltre 17 mila euro, mentre diverse compagnie - da Air France-KLM a Air India - annunciano supplementi e revisioni dei listini. Interviene Andrea Giuricin, Docente di Economia dei Trasporti all'Università Bicocca di Milano.Ilva, manifestazione d'interesse da Jindal. Urso: «Confronto con quella di Flacks»Si riapre il confronto sul futuro dell'ex Ilva con la manifestazione d'interesse del gruppo indiano Jindal, che si aggiunge all'offerta già in negoziazione del gruppo americano Flacks. Il ministro Urso punta a chiudere il dossier entro aprile, quando l'impianto dovrebbe tornare a una capacità produttiva di 4 milioni di tonnellate annue, soglia ritenuta necessaria per la competitività. La partita resta però condizionata dalla sentenza del tribunale di Milano che impone lo stop alla produzione dal 24 agosto per motivi sanitari, elemento che complica sia il prestito europeo sia il percorso di vendita. Il governo indica tre condizioni: presenza di partner industriali siderurgici, solidità finanziaria dell'acquirente e disponibilità alla cessione di aree per progetti di reindustrializzazione, con possibile utilizzo del Golden Power. Ne parliamo con Paolo Bricco, Il Sole 24 Ore.Il lusso nella crisi del Golfo. Intanto Golden Goose continua a correreLa crisi geopolitica nel Golfo colpisce anche il lusso: il Medio Oriente vale circa il 6% dei ricavi globali del settore e in queste settimane si registrano chiusure temporanee di boutique, riduzione del personale e difficoltà logistiche nei principali hub commerciali come Dubai. L'impatto arriva in una fase già delicata per il comparto, dopo rallentamento cinese e tensioni commerciali. In controtendenza, Golden Goose continua a crescere: dopo l'ingresso dei nuovi soci asiatici HSG e Temasek in un'operazione da 2,5 miliardi, il gruppo ha chiuso il 2025 con ricavi in aumento a 734 milioni e margine EBITDA al 34%. Il marchio resta tra i pochi del lusso a mantenere crescita a doppia cifra, grazie a una strategia centrata sull'esperienza del cliente e sul coinvolgimento diretto nei negozi. Ce lo racconta Silvio Campara, Amministratore Delegato Golden Goose.

If you've worked inside a healthcare organization you've probably heard the question:“What's the EBITDA impact?”But what happens when a financial reporting metric slowly becomes the mission of the entire organization?In this conversation, Jimmy McKay and Larry Benz unpack: • What EBITDA actually measures • How "Adjusted EBITDA" becomes a fiction contest • Why chasing the metric can distort clinical care • The Soviet nail factory problem in healthcare • What a healthier dashboard for PT organizations should look likeLarry also explains the four pillars every physical therapy organization should measure instead of obsessing over EBITDA.If you lead a healthcare organization, this conversation will challenge how you think about metrics, culture, and what actually drives sustainable performance.Chapters 00:00 The phrase every healthcare leader hears 00:40 EBITDA explained simply 02:40 When the tool becomes the mission 03:20 The “Adjusted EBITDA fiction contest” 05:40 How metrics change behavior 07:40 Why clinicians are the real business 10:20 The Soviet nail factory story 13:30 What healthcare should measure instead 14:00 Larry's four pillar dashboard 18:00 Culture is the engine of EBITDA

In June 2023, Jory Humphreys and Sam Hope launched H People with limited capital but an insane energy to work hard.Within 25 months, they'd built a $25 million business. $8.2 million in year one, $15.5 million revenue and $1 million in EBITDA in their second full year. They're now Australia's number two fastest-growing company.But what makes their story different isn't the revenue. It's the model they built to get there.Most founders choose between growth and sanity. Jory and Sam chose leverage.From day one, they integrated an offshore team from the Philippines. Not as a cost-cutting exercise. As a strategic partner. One offshore resource supporting one onshore consultant.This involved structured daily huddles, clear shared targets and the growth of a real partnership culture.The offshore team handled high-volume screening, candidate qualification, compliance and administration. The onshore consultants handled what only they could do: client relationships, business development, negotiation, and revenue generation.This operating model has been the foundation of their success.As Jory explains: "If it was just me and Sam battling it out without offshore support, we would have only made half the amount of placements. They enabled us to deliver a better service."Today, H People is 21 people strong, expanding nationally across Brisbane, Melbourne, and Sydney, and they're running one of the most profitable recruitment operations in Australia. They've also launched Wingman Recruitment, helping other agencies replicate the offshore model with the same rigour.Inside this unique story, we cover:- How two bootstrapped founders went from zero to $25M in 25 months- Why the offshore model isn't about cost-cutting - it's about leverage- The exact structure: one consultant, one resource, shared targets- How they grew 16 net new contractors every single month- The culture piece: why their offshore team outperforms typical VAs- How they built $1M EBITDA in year two (without venture capital)- Why they split focus between H People and Wingman Recruitment?- The real numbers: revenue, GP, EBITDA, and what's actually possible- How they managed family life while scaling a $25M business in 25 months- The future of recruitment: onshore consultants + offshore leverage + AI automationThis is a story of two recruiters who understood their market, built the right operating model, and scaled with intention. It's super inspiring and I can't wait for you to listen!__________________________________________Episode Sponsor: Remote RecruitmentHiring shouldn't be slow, stressful, or expensive. That's why there's Remote Recruitment — the smart hiring partner for modern businesses.They don't just help you find great people. They help you access elite South African talent that's ready to deliver. No PAYE. No NI. No bloated overheads. Just trained, remote professionals who integrate seamlessly into your team.Their process handles everything: sourcing, shortlisting, onboarding, and retention. Fully managed. Fully supported. Fully remote.And now, Remote Recruitments has entered a new chapter. From ops to admin, sales to strategy, we're helping businesses scale smarter with people they trust, at a cost they can afford.Clients have seen:* Up to **60% productivity boosts*** **300% ROI** on BD roles* **30% faster completion** of operational tasksNo overhead burden. No talent shortage panic. Just growth-focused hiring that makes business sense.Remote Recruitment is your flexible hiring solution for the modern era.**RAG Listeners:** Get 5% off your first hire + a free strategy session at www.remoterecruitment.co.uk/rag__________________________________________Episode Sponsor: HoxoEvery recruitment founder is investing in LinkedIn.Spending thousands on Recruiter licences.Building connections. Posting content. Growing networks.But here's the question almost no one can answer:How much revenue is LinkedIn actually bringing into your business?Most founders have thousands of connections but no clear process to turn that attention into cash.That's the problem we solve.At Hoxo, we help recruitment founders build predictable revenue systems on LinkedIn, not just noise or vanity metrics.Our clients are turning LinkedIn into £100K–£300K in new billings within months, using their existing networks and a simple repeatable process.To show you how it works, we've created a short training video exclusively for RAG listeners.In less than 10 minutes, you'll learn:- Why most recruiters are getting zero measurable ROI from LinkedIn- How small, niche teams are generating consistent inbound demand- The 3X Revenue System we use to turn LinkedIn into a predictable cash-generating channelSo fill in the form today to see how this system could transform LinkedIn into your agency's most profitable channel: https://hubs.ly/Q03lBpYC0

In this episode of Building the Premier Accounting Firm, Roger Knecht and Josh Davis discuss building and selling a logistics company, the crucial role of accounting in business valuation, and key strategies for scaling. Josh, who runs acquisitions consulting office JL Davis Enterprises, shares his framework for growth, focusing on people, systems, and performance, and offers advice on navigating the personal journey of exiting a business. Learn how accounting professionals can help clients prioritize profit and prepare for successful transitions. In This Episode: 00:00 Welcome & Josh's Entrepreneurial Journey 04:00 Impact of Accounting on Valuation 08:09 Key Metrics & Valuation Thresholds 12:09 Consulting: People, Systems, Performance 14:56 Stepping Down as CEO: Identity Shift 19:44 Rebuilding Identity & Entrepreneurial Scorecards 23:55 Scaling Framework & Consulting Services 28:51 Succession Planning & Building a Legacy 33:25 Spousal Business Partnership & Work-Life Integration 38:20 Lessons for Children & Gratitude 41:16 Key Takeaways & Final Thoughts 46:28 Resources & Outro Key Takeaways: Prioritize clean financial records to enhance business valuation and streamline due diligence processes. Implement a clear scaling framework focused on people, systems, performance, growth, and legacy for sustainable business expansion. Develop a personalized scorecard with essential metrics to help founders delegate and avoid micromanagement. Address the personal and identity challenges associated with exiting a business by planning for life post-sale. Integrate work and family life through intentional annual planning and anchor calendars to prevent burnout and ensure personal well-being. Featured Quotes: "Revenue will solve most problems. Just keep growing the business, and everything will kind of work out from there." — Josh Davis "When you build something up from the ground up and you put everything into it, it's a challenging thing to go through and go to market." — Josh Davis "If you stay on, it's kind of like giving your baby up for adoption and living in the same house." — Josh Davis Behind the Story: Josh Davis recounts the early days of his logistics business, co-founded with his wife a week after their honeymoon. Initially focused solely on rapid growth, the prospect of selling became real with his wife's pregnancy. The exit process proved difficult, emphasizing the overlooked importance of clean financials. This experience shaped his current work in acquisitions and consulting, where he helps founders build businesses with clear metrics, strong teams, and a defined legacy, avoiding the identity crisis he faced post-exit. Top 3 Highlights: Accounting's Impact on Valuation: Messy financials hinder business sales; clean books, clear metrics, and normalized EBITDA are crucial for high valuations. The Exit Identity Shift: Stepping down as CEO can lead to a loss of identity, making post-exit personal planning essential for founders. Framework for Scaling: Successful business scaling relies on people, systems, performance, growth strategies, and a defined legacy plan. Conclusion: Thank you for joining us for another episode of Building the Premier Accounting Firm with Roger Knecht. For more information on how you can establish your own accounting firm and take control of your time and income, call 435-344-2060 or schedule an appointment to connect with Roger's team here.   Sponsors: Universal Accounting Center Helping accounting professionals confidently and competently offer quality accounting services to get paid what they are worth.   Offers: Get Josh's free Scaling Framework, the exact model he uses when buying, turning around, and scaling companies. https://scalingwithjoshdavis.com/   Are you ready for a change, both personally and professionally?  Then accept and participate in the Accountrepreneurs Challenge.  This is a FREE opportunity to apply best practices and make this the best year yet in your career.   Get a FREE copy of these books all accounting professionals should use to work on their business and become profitable.  These are a must-have addition to every accountant's library to provide quality CFO & Advisory services as a Profit & Growth Expert today: "Red to BLACK in 30 days – A small business accountant's guide to QUICK turnarounds" – This is a how-to guide on how to turn around a struggling business into a more sustainable model. Each chapter focuses on a crucial aspect of the turnaround process - from cash flow management to strategies for improving revenue. This book will teach you everything you need to become a turnaround expert for small businesses. "in the BLACK, nine principles to make your business profitable" – Nine Principles to Make Your Business Profitable – Discover what you need to know to run the premier accounting firm and get paid what you are worth in this book, by the same author as Red to Black – CPA Allen B. Bostrom. Bostrom teaches the three major functions of business (marketing, production and accounting) as well as strategies for maximizing profitability for your clients by creating actionable plans to implement the nine principles. "Your Strategic Accountant" - Understand the 3 Core Accounting Services (CAS - Client Accounting Services) you should offer as you run your business. Help your clients understand which numbers they need to know to make more informed business decisions. "Your Profit & Growth Expert" - Your business is an asset. You should know its value and understand how to maximize it. Beginning with the end in mind helps you work ON your business to build a company you can leave so that it can continue to exist in your absence or build wealth as you retire and enjoy the time, freedom, and life you want and deserve. Follow the Turnkey Business plan for accounting professionals.  This is the proven process to start and build the premier accounting firm in your area.  After more than 40 years we've identified the best practices of successful accountants and this is a presentation we are happy to share.     Also learn the best practices to automate and nurture your lead generation process allowing you to get the bookkeeping, accounting and tax clients you deserve.  GO HERE to see this presentation and learn what you can do today to identify and engage with your ideal clients.   Check it out and see what you can do to be in business for yourself but not by yourself with Universal Accounting Center.   It's here you can become a:   Professional Bookkeeper, PB Professional Tax Preparer, PTP Profit & Growth Expert, PGE   Next, join a group of like-minded professionals within the accounting community.  Register to attend GrowCon and Stay up-to-date on current topics and trends and see what you can do to also give back, participating in relevant conversations as they relate to offering quality accounting services and building your bookkeeping, accounting & tax business.   The Accounting & Bookkeeping Tips Facebook Group The Universal Accounting Fanpage Topical Newsletters: Universal Accounting Success The Universal Newsletter   Lastly, get your Business Score to see what you can do to work ON your business and have the Premier Accounting Firm. Join over 70,000 business owners and get your score on the 8 Factors That Drive Your Company's Value.   For Additional FREE Resources for accounting professionals check out this collection HERE!   Be sure to join us for GrowCon, the LIVE event for accounting professionals to work ON their business. This is a conference you don't want to miss.   Remember this, Accounting Success IS Universal. Listen to our next episode and be sure to subscribe.   Also, let us know what you think of the podcast and please share any suggestions you may have.  We look forward to your input: Podcast Feedback   For more information on how you can apply these principles to start and build your accounting, bookkeeping & tax business please visit us at www.universalaccountingschool.com or call us at 8012653777  

In this episode, the hosts analyze a $2M revenue mobile dog grooming franchise on Long Island and debate whether strong margins and recurring revenue justify the premium price—especially after franchise fees and fleet CapEx.Business Listing – https://www.bizbuysell.com/business-opportunity/8-years-open-operating-and-profitable-franchisor-s-founding-location/2444631/Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them.Looking to build a professional website in minutes? Try Wix: https://wix.pxf.io/c/6898629/3115214/25616?trafcat=templateHubSpot is the backbone for how businesses scale without chaos. Try them out here: https://go.try-hubspot.com/OeG9Vr

When growth is “working” but the business feels heavier every month, that isn't burnout — it's leakage. Avoidance turns into operational drag long before revenue forces the conversation. When accountability gets selective, follow-up drops, decisions slow, and differentiation disappears. You don't get beaten by the market — you get commoditized by your own execution. That drag doesn't just feel bad. It quietly re-writes EBITDA and margin while the leader is often the last one to hear what's actually happening. Jim Brown brings the buyer lens: what most teams call “culture” is a performance multiplier — and when the CEO becomes the bottleneck, key-man risk compounds fast. He's seen $50M companies become effectively unsellable because the business can't run without the leader. Learn more about your ad choices. Visit megaphone.fm/adchoices

Do your numbers look good on paper, but the practice still feels heavy day-to-day? In this episode, Kirk Behrendt brings back ACT coach Ariel Siegel to explain why “busy” doesn't automatically mean “healthy,” and how the effort gap between gross production and net production creates exhaustion, tight cash flow, and a constant hamster-wheel feeling. You'll learn how to calculate your effort gap, translate it into an “energy quotient,” and start managing write-offs so your schedule is built around profitable dentistry—not just busy dentistry. Listen to Episode 1018 of The Best Practices Show!Main Takeaways:Gross production can look successful while net production reveals whether the practice is actually healthy.The “effort gap” is the difference between what you produce and what you will realistically collect after adjustments and write-offs.When the effort gap is high, the team isn't lacking effort—it's performing dentistry that won't be collected, which creates the feeling of heaviness.You don't get paid on gross production, but you still pay overhead on gross production, which makes the gap more damaging as the practice grows.Converting the effort gap into “days worked for free” helps quantify how much time and energy is being donated to adjustments.Tracking both gross and net production allows you to see the effort being spent and the money actually retained, so you can make informed decisions.Breaking adjustments into categories (membership, elective discounts, and insurance by plan) creates transparency and shows exactly where to start improving.Snippets:00:00 Intro01:15 Why “numbers look good” can still feel heavy.02:15 The effort gap: gross production vs. net production.03:15 Why gross production is a false proxy in today's dentistry.04:20 You don't get paid on gross production, but you pay out on it.07:05 Bigger isn't always better: adjusted EBITDA and what a large practice is really worth.08:10 Turning the effort gap into an “energy quotient.”10:55 Track both gross and net production to manage effort and collections.12:10 How to calculate your effort gap using the last 12 months.13:20 Break adjustments into categories to find the biggest drivers.15:00 Clean reporting: track insurance adjustments by plan, not one bucket.16:40 The first step is finding where the heaviness is coming from.Guest Bio/Guest Resources:Ariel has a master's in healthcare administration and several years of dental experience in all aspects of the administrative roles within the dental office. Her passion is to work with dental teams to empower team members to realize their full potential in order to better serve patients, improve office systems to ensure a well-functioning team/office, and to help everyone have fun in the process!More Helpful Links for a Better Practice & a Better Life:The Best Practices Show: https://www.actdental.com/podcast/Best Practices Association: https://www.actdental.com/bpaUpcoming Events & Workshops: https://www.actdental.com/events/Smile Source: https://www.smilesource.com/Subscribe on Apple Podcasts: https://podcasts.apple.comSubscribe on Spotify: https://open.spotify.com

Six Flags is selling seven of its parks to EPR Properties for $331 million in cash.Back in January, we flagged a series of trademark applications from an Orlando-based LLC called Enchanted Parks Holdings and connected those filings to the parks now being sold. This week, it became official. EPR is buying the real estate, Enchanted Parks is stepping in as the management company for six of the properties, and Kieran Burke — Six Flags' CEO before the company's 2009 bankruptcy — is picking up La Ronde through his own company. Full circle.We break down the deal structure, what the 7.3x EBITDA multiple tells you about the buyer pool, why Six Flags called $331 million only "slightly beneficial" to its leverage ratio, and whether EPR and Enchanted Parks just became a new competitor in the regional park space.Also this week: San Fransokyo Street aboard the Disney Adventure, Royal Caribbean's smart glasses policy, and more.Listen to bonus episodes on our Patreon:https://www.patreon.com/GreenTagged

Interview with Mark Chalmers, President & CEO of Energy Fuels Inc.Our previous interview: https://www.cruxinvestor.com/posts/energy-fuels-nyseuuuu-advancing-rare-earth-integration-with-asm-acquisition-9151Recording date: 4th March 2026Energy Fuels Inc. (NYSE:UUUU) is one of the most strategically distinctive companies in the critical minerals space. While most Western rare earth ventures address a fragment of the supply chain, Energy Fuels has spent five years assembling a vertically integrated operation that spans the full value chain: from heavy mineral sands in Australia and Madagascar, monazite processing at its White Mesa Mill in Utah, to separated rare earth oxides, and following the acquisition of Australian Strategic Materials. No other Western company has assembled this complete a picture.The relevance of that distinction has never been greater. China controls an estimated 85–90% of global rare earth processing capacity, and Western governments, particularly the United States and Australia, have identified this dependency as a critical strategic vulnerability. Policy support, government financing programmes, and demand from original equipment manufacturers seeking non-Chinese supply are all converging to create the market that Energy Fuels has been building toward.The company's rare earth strategy is technically differentiated in an important way. By processing monazite rather than bastnäsite, Energy Fuels produces both light and heavy rare earth elements. Heavy rare earths, particularly dysprosium and terbium, are essential for the high-performance permanent magnets used in electric vehicles, wind turbines, and defence systems. This positions Energy Fuels in a part of the market where supply scarcity is most acute and strategic urgency is highest.Near-term, uranium is the business. Energy Fuels is guiding for up to 2.5 million pounds of uranium production (the highest of any US-based producer) at competitive costs, against a backdrop of firming uranium prices driven by a structural global supply deficit. This uranium revenue stream funds the rare earth build-out without requiring the company to dilute aggressively or rely entirely on external capital markets.On the financing front, the picture has changed materially. A Goldman Sachs-arranged convertible note, completed at just 0.75% interest in under one week, has pushed deployable capital to nearly $1 billion. The company's total build-out requirement is estimated at $2 billion, a figure that seemed ambitious 18 months ago but is now regarded by management, and increasingly by investors, as achievable through a combination of capital markets access, offtake agreements with floor price structures, and potential government support from the US and Australian governments.The two flagship projects: the Phase Two rare earth expansion at White Mesa, and the Vera heavy mineral sands project in Madagascar to carry a combined NPV of close to $4 billion and a combined EBITDA potential of $800–$900 million per year at steady-state. Full rare earth revenues are targeted from 2028–2030, making this a medium-to-long-term investment thesis.For investors with a 3–5 year horizon and conviction in the structural ex-China critical minerals demand story, Energy Fuels offers a rare combination: a producing uranium business generating real revenues today, and a rare earth platform with genuine scale, technical depth, and improving financial visibility. The build-out is complex and multi-year, but the pieces finally are falling into place.View Energy Fuels' company profile: https://www.cruxinvestor.com/companies/energy-fuelsSign up for Crux Investor: https://cruxinvestor.com

One of the biggest reasons many entrepreneurs struggle to scale their businesses is that they focus on attracting more clients by casting a wide net and pouring money into marketing that doesn't generate and convert enough leads.But everything changed when today's guest did the opposite by narrowing his focus, niching down, which ultimately skyrocketed business growth and positioned his company for a huge exit.Andrew Lassise is the founder of Tech for Accountants, a cybersecurity and IT company built exclusively for accounting firms. After initially struggling to sell his company, Andrew rebuilt it with tighter systems, sharper positioning, and a deliberate niche strategy. The result? A sale at a 10x multiple of projected EBITDA, more than double the industry norm.In this conversation, Andrew shares how sobriety became a competitive advantage and why systematizing your business is the key to turning it into a sellable asset. We also discussed how to leverage AI and automation to scale your business without burning out.In this episode, you'll learn: ✅ How niching down skyrockets Andrew's business growth and created market dominance in a crowded industry.✅ Why AI isn't a silver bullet and how to use it to create real leverage and buy your time back.✅ The mindset shifts from being the operator to building a business that scales sustainably towards a successful exit.Show Notes: LifestyleInvestor.com/280Tax Strategy MasterclassIf you're interested in learning more about Tax Strategy and how YOU can apply 28 of the best, most effective strategies right away, check out our BRAND NEW Tax Strategy Masterclass: www.lifestyleinvestor.com/taxStrategy Session For a limited time, my team is hosting free, personalized consultation calls to learn more about your goals and determine which of our courses or masterminds will get you to the next level. To book your free session, visit LifestyleInvestor.com/consultationThe Lifestyle Investor InsiderJoin The Lifestyle Investor Insider, our brand new AI - curated newsletter - FREE for all podcast listeners for a limited time: www.lifestyleinvestor.com/insiderRate & ReviewIf you enjoyed today's episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, or wherever you listen, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review.Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On today's episode, Dr. Mark Costes sits down with M&A expert Brannon Moncrief to break down the current dental consolidation landscape and what it really means for practice owners considering a sale. They discuss why 2025 was a strong year for strategic sellers despite tighter capital markets, how deal structures have evolved from pure HoldCo models to joint venture alignments, and why organic growth now matters more than simply stacking EBITDA.  Brannon shares insights on recap realities, earn-outs versus earn-ups, and why age and runway dramatically impact leverage in negotiations. They also dive into common seller mistakes, the risks of waiting too long in a shifting consolidation cycle, and how to think critically about equity projections and "unicorn" promises. If you're planning an eventual transition—whether next year or a decade from now—this episode offers a pragmatic look at how to prepare and position yourself for the best possible outcome. Be sure to check out the full episode from the Dentalpreneur Podcast! EPISODE RESOURCES https://dentaltransitions.com https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

Private equity doesn't scale the way most founders do. They buy growth. They acquire profitable businesses, combine them, and increase the value of the whole thing so they can sell at a much higher multiple. Today's guest, Tom Shipley, is a serial entrepreneur and M&A strategist who built acquisition platforms applying that same strategy to founder-led businesses. In this episode, we unpack the mechanics behind scaling through acquisitions and rollups, how combining businesses can dramatically increase enterprise value, and why so many founders stall at $1–2M in EBITDA without positioning their companies for a meaningful exit. If you've ever wondered whether buying businesses is a distraction or a legitimate growth lever, this episode will change how you think about scale. Let's dive in.   Key Takeaways (00:00) Intro (01:54) The Two Biases That Destroy Acquisitions (05:00) The 4 Foundations of Business Growth  (07:12) The AVA Roll-Up Story (Lessons Learned) (15:27) How to 4X Your Business Value (Multiple Expansion Explained) (19:11) How Acquisitions Outperform Organic Growth (21:26) The Roll-Up Mistake That Kills the Model (27:43) Add Zeros: How to Think Exponentially (30:51) When to Use Acquisitions as a Tool for Growth (39:27) Tom's Playbook for Acquiring Businesses (54:55) What Is DealCon? (58:49) Turns $1–2M EBITDA Owners Into PE Deals (01:05:14) Advice to New Entrepreneurs     Watch on YouTube: https://youtu.be/oJu1sy9B6d4      Let's Connect: Website | Instagram | YouTube | TikTok | Twitter | Facebook

This episode is brought to you by⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Boulay, the industry standard for Quality of Earnings, tax, and audit services, serving search fund entrepreneurs for 20+ years⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠*This episode is brought to you by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Oberle Risk Strategies⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: Insurance Broker and Insurance Due Diligence Provider for Search Funds and Other Small-to-Medium-Sized Businesses⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  *  Click Here to Subscribe to the In The Trenches YouTube Channel*Over the past few months, I've been presented with five separate opportunities that contemplated the acquisition of a company with $7M or more of EBITDA (this compares to the Search Fund average of $2.2M for the 2022-2023 cohort of Searchers).While I acknowledge that five data points don't constitute a trend, at the very least this has piqued my curiosity. While the Search Fund ecosystem has worried – seemingly for over a decade now – about the possibility of middle-market Private Equity firms moving down market, it's interesting to ask whether the inverse may now be happening, at least to a certain extent: Are Search Funds moving up market?

En el episodio de hoy de VG Daily, Juan Manuel de los Reyes y Andre Dos Santos analizan cómo la incertidumbre sobre el flujo de energía global está marcando el ritmo de los mercados, los reportes corporativos y la batalla por el futuro de la inteligencia artificial. La guerra entre Israel, Estados Unidos e Irán no es solo un evento geopolítico, es el factor que hoy determina el precio del petróleo, los márgenes de la Fed y el apetito de riesgo en Wall Street.Desde ese telón de fondo, la conversación vira hacia los reportes corporativos. Broadcom publicó números récord en revenue, EBITDA y free cash flow, impulsados por una demanda de semiconductores de IA que se duplicó frente al año anterior. El episodio cierra con una historia que combina los dos mundos, la guerra por el liderazgo en IA ya no es solo de chips y modelos, también se libra en los app stores. Claude llegó al número uno en descargas en Estados Unidos en un solo día, mientras el market share de ChatGPT cayó a la mitad de lo que era hace un año. 

Most recruiters are chasing the wrong market, and it's quietly destroying their desk. Will Wegert watched his billings collapse after chasing coastal fees and shiny opportunities he had no business pursuing. So he did something most recruiters won't: he looked at the data, killed the distractions, and went all-in on owning one niche in one city. What happened next took 7 years to build and looked like an overnight success. In this episode, Will breaks down the exact attraction-based marketing system, mindset shifts, and daily disciplines that turned him into the most recognized dev recruiter in Colorado and the blueprint any recruiter can steal right now. What you'll learn: — The Inner Circle Model: the 3-spoke system (digital, face-to-face, direct outreach) that warms up clients before you ever pick up the phone — How to audit your placement data to find where your real money comes from and what to cut immediately — The ABC Marketing Method: the simplest relationship drip system in recruiting, 52 weeks a year — Why saying no to bigger fees is the fastest path to higher billings — The exact LinkedIn content formula Will uses to pull CTOs to him without a single cold pitch  — The accountability conversation that snapped his career back into focus after his worst year — Why "my business runs on referrals" is a trap and what to build instead Will Wegert is a Denver-based software engineering recruiter with 8 years in the industry. After nearly halving his billings by chasing the wrong market, he rebuilt around a ruthless niche focus — and never looked back. This episode will change how you think about your desk. Stop chasing. Start owning. TIMESTAMPS 00:03:01 — Why Will said no when Benjamin first invited him on 00:04:28 — The "7-year overnight success" explained 00:06:26 — His non-traditional path: resume writing → copywriting → recruiting 00:09:18 — Why referrals aren't a system — and what to build instead 00:15:47 — The data audit that killed his coastal ambitions 00:20:48 — The message to Danny Cahill that redirected his career 00:26:34 — The Inner Circle Model: 3 spokes every recruiter needs 00:37:01 — The CTO lunch strategy: show up, add value, never sell 00:39:28 — His LinkedIn formula: ⅓ human, ⅓ value, ⅓ algorithm 00:44:40 — ABC Marketing: the simplest desk-revival strategy in recruiting 00:52:12 — The Chrome tool and LinkedIn video trick cutting through AI noise 00:57:01 — The question Will wishes every recruiter would ask him SPONSORS Atlas — AI-First Recruitment Platform Every email. Every interview. Every conversation. Instantly searchable, always available. Atlas customers report up to 41% EBITDA growth and 85% increase in monthly billings. → https://recruitwithatlas.com SUMMIT & COMMUNITY This Is Your Year — Recruiter Summit → https://this-is-your-year-recruiter-summit.heysummit.com/ Elite Recruiter Community — Replays, Billers Club, Roundtables & Split Space. $49/month. → https://elite-recruiters.circle.so/checkout/elite-recruiter-community TOOLS PeopleGPT Free Trial → https://juicebox.ai/?via=b6912d Talin AI Free Trial → https://app.talin.ai/signup?via=recruiter Pin Free Trial → https://www.pin.com/ Email Newsletter → https://eliterecruiterpodcast.beehiiv.com/subscribe CONNECT YouTube → https://youtu.be/eveVeg5UV6I Will Wegert on LinkedIn → https://www.linkedin.com/in/willwegert/ Benjamin Mena → http://www.selectsourcesolutions.com/ Benjamin on LinkedIn → https://www.linkedin.com/in/benjaminmena/ Benjamin on Instagram → https://www.instagram.com/benlmena/

Ahana grew up in Bharatpur, a small town in India where many believed girls shouldn't always have the same opportunities. But her mother believed otherwise and pushed her to dream bigger.That belief eventually took her to Indian Institute of Technology, Bombay and later to Harvard Business School. But this story isn't about degrees or credentials. It's about resilience, grit, and the relentless pursuit of building something meaningful.From taking bold bets to navigating failures, Ahana's journey eventually led to building Open Secret - one of India's most well-known healthy snacking brands today.This conversation dives into the real founder journey behind the brand: the risks, the setbacks, and the determination it took to keep going.But this isn't just a success story, in this episode, Ahana openly shares about failed experiments, her mother's contribution to her life and why she's passionate about unjunking India. If you're building a startup, thinking about entrepreneurship, or navigating early-stage chaos - this conversation will give you clarity on what truly matters.Chapters00:00  Introduction: Growing up in Bharatpur & breaking glass ceilings06:40  IIT, Harvard and Open Secret16:12 Q1 - Leaving behind a job in US to startup18:00 Q2 - How does Ahana deal with failures23:17 Q3 - How does one maintain funding until profitable27:30 From -47% EBITDA to profitable growth39:00 Women-led manufacturing and leadership43:30 Losing her mother during COVID and finding strengthAbout Open SecretOpen Secret is a better-for-you snacking brand focused on removing maida, trans fat and artificial preservatives from everyday Indian packaged foods. With strong repeat rates and rapid quick commerce penetration, it is one of India's fastest-scaling health-focused FMCG startups.Unstarted is built for 1 to 1 founders — people thinking about starting, or just getting started.Real questions. Real answers. Real founders. Have a question you want answered by top founders? Submit it here: https://z47.com/unstarted/askFollow Z47Website - https://www.z47.com/Instagram -    / z47.vc  LinkedIn -   / z47-vc  

On today's episode, we're sharing a special DSN webinar featuring Dr. Mark Costes and Kyle Francis, founder of Professional Transition Strategies, titled Mastering Your Practice Valuation: What Today's Buyers Are Actually Looking For. With over 600 dental transitions and 25 practices owned, Kyle brings unmatched insight into how valuations really work in today's changing landscape. Together, Mark and Kyle explore why the old method of valuing practices based on collections is outdated, and how modern buyers—especially DSOs and private equity groups—assess value through profitability, scalability, and risk. They break down the differences between doctor-to-doctor sales and private equity-backed deals, explain what seller discretionary earnings and EBITDA actually mean, and share how practice size, location, payer mix, and clinical capacity influence multiples. Whether you're planning to sell soon or years from now, this conversation is packed with strategies to make your practice more attractive and maximize its value. Be sure to check out the full episode from the Dentalpreneur Podcast! EPISODE RESOURCES https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

Would you like access to our advanced agency training for FREE? https://www.agencymastery360.com/training Most agency owners don't fail because they're bad at delivery. They fail because they underprice, overcomplicate, and build businesses that trap them instead of freeing them. Today's featured guest unpacks the type of life he envisioned when he set out to start an agency, it took to scale from charging $2,500 a month to closing $45,000/month retainers, surviving a market collapse, and making the counterintuitive decision to split one agency into two. Eli Rubel is the founder of Matter Made, a B2B SaaS marketing agency, and No Boring Design, a premium design studio serving high-growth tech companies. He entered the agency world in 2019 after burning out on the venture-backed SaaS model, despite a previous exit. What drew him to agencies wasn't prestige or scale; it was a desire to take control over his time, lifestyle, income, and location. Agencies, when built correctly, offered the fastest path to freedom without sacrificing ambition. Over the next few years, Eli scaled MatterMade aggressively, navigated a brutal tech downturn, and rebuilt his business with sharper positioning, stronger pricing, and clearer operational boundaries. In this episode, we discussed: Why hiking prices was the right choice early one How and why he decided to create his second agency The reason that shared services failed fast Subscribe Apple | Spotify | iHeart Radio Sponsors and Resources E2M Solutions: Today's episode of the Smart Agency Masterclass is sponsored by E2M Solutions, a web design, and development agency that has provided white-label services for the past 10 years to agencies all over the world. Check out e2msolutions.com/smartagency and get 10% off for the first three months of service. Toggl: Agencies could be losing 15–30% of their profit every year without seeing it. The usual suspects are time tracking, messy manual timesheets, scope creep, untracked revisions, and all those "quick" client requests that never get billed. That's why Toggl created the Agency Profit Heist, a fast, interactive way to uncover exactly where your margins are leaking. Start your investigation now at toggl.com/smartagency and use the code SMARTAGENCY10 at checkout for a 10% off annual plans. Why Agencies Beat Venture-Backed SaaS (If You Want Freedom) After years in venture-backed SaaS, chasing growth at all costs, Eli was done with a model he realized was grinding him down. The pressure, the lack of control, and the delayed payoff didn't align with what he actually wanted: family, flexibility, and financial independence. Agencies offered speed to cash and autonomy, which SaaS didn't. Instead of swinging for a hypothetical future exit, Eli chose a business model that paid well now and let him design his life intentionally. It was a shift he made with eyes wide open and clear expectations. The "best" business model depends on what you want your life to look like. For Eli, agencies weren't a step down. They were a strategic upgrade. Hiking His Prices Relying on Capacity and Confidence Eli's agency launched at $2,500 a month, not because that was the "right" price, but because he backed into a simple income goal. Sixteen clients at $2,500 got him to $40,000 a month. On paper, it worked. In reality, it broke fast. As soon as clients started saying "yes" too quickly, Eli knew something was off. The work was heavy, margins were thin, and building a team at that price point wasn't sustainable. Instead of obsessing over competitive pricing, he leaned into price sensitivity testing. Every time the team hit capacity, prices went up. If prospects said no, it didn't matter, they couldn't take on more work anyway. If prospects said yes, it justified hiring and scaling. Over three years, pricing climbed from $2,500 to $45,000 per month. What he learned was that underpricing doesn't just hurt margins. It traps you in constant hiring, delivery stress, and low-leverage work. Raising prices isn't greedy, it's operational discipline. What Actually Changes When You Raise Prices Eli didn't wake up one day and charge $45,000 for the same work he was doing at $2,500. Early on, the offering was vague: "We'll help with demand gen." Strategy was loose, scope was unclear, and the team was tiny. As pricing increased, the delivery model matured into a defined pod structure with paid media, design, strategy, and leadership baked in. However, once his agency hit around $15,000 per month, the services didn't change much after that. What changed was credibility. Case studies stacked up. Results became undeniable. Sales conversations shifted from "this is a great deal" to "this is what it costs to remove risk." Eli was upfront with prospects: MatterMade would be $10,000–$15,000 more per month than competitors, and nothing about the deliverables would look different. The difference was the track record. For buyers who weren't cash-sensitive, that pitch landed hard. They weren't paying for tasks. They were paying for certainty. Why Splitting One Agency into Two Was the Right Move At its peak in 2021, MatterMade was flying high, with $4.2M in EBITDA, tech clients everywhere, and acquisition talks underway. Then the tech market collapsed. Almost overnight, VC-backed clients cut agencies, froze spending, and hunkered down. They went from crushing it to losing nearly $200,000 a month. Eli held on too long, assuming it was temporary, and paid dearly for it. During the restructuring, Eli noticed something interesting: design had become a bottleneck across tech companies. Designers were laid off, but the need for creative work didn't disappear. So he spun up No Boring Design as a separate entity, fast. New brand, new site, launched in a weekend. Within months, it was profitable. Separating the businesses allowed each to have crystal-clear positioning. MatterMade stayed focused on growth marketing. No Boring Design became a premium creative solution for companies stuck in hiring freezes. Trying to keep design tucked inside the marketing agency would have slowed everything down. Separation created speed, clarity, and growth. Why Shared Services Across Agencies Sound Smart and Fail Fast One of Eli's biggest mistakes came after the split. He tried to create a shared management company to handle leadership, recruiting, and operations across multiple agencies. On paper, it looked efficient. In practice, it was chaos. Each agency had subtle but important differences in how it worked. SOPs drifted. Leaders got stretched thin. The "squeaky wheel" agency got attention while others suffered. Eventually, Eli unwound the entire structure. The hard truth: unless your companies operate almost identically, shared services create more friction than savings. Clarity beats efficiency. Do You Want to Transform Your Agency from a Liability to an Asset? Looking to dig deeper into your agency's potential? Check out our Agency Blueprint. Designed for agency owners like you, our Agency Blueprint helps you uncover growth opportunities, tackle obstacles, and craft a customized blueprint for your agency's success.

Emma Storey: How 2 part-time working mums billed £500K in their first 2 years!Emma Storey never thought she'd still be in recruitment after having kids.She'd never worked with a mum in the industry. Never had a role model who'd done it. The assumption was always the same: have a baby, and your recruitment career is over.But after successfully juggling recruitment and becoming a mum inside the pandemic, in 2023 she launched her own agency with colleague Nicola Morse, a fellow working mum.They launched Hera with the plan to both work part-time, and within months, Emma soon fell pregnant with baby number 2.Inside the first 2 years, working part-time around school runs, nursery pickups and a maternity leave, they have billed £500K.That's £150K in year one during one of the worst recruitment markets in a generation, and £350K in year two with Emma off for three months and working three days a week for the rest.But what makes Emma different isn't the revenue. It's the reason she built the business in the first place.Female candidates regularly tell Hera they're nervous about wearing their wedding ring to interviews because they know it signals they might want children. Hiring managers have told them directly: we don't want people from that age range.Emma lived it herself. In one agency, a mum who left at three o'clock was met with the same comment every single day: "Thanks for coming."So Emma and Nicola built Hera around a guarantee most agencies won't make: a diverse shortlist on every single role. They positioned diversity and inclusion not as a side project but as the commercial engine. And it worked. Every client they've won has bought into it.Their target is £500K this year. They have no plans to hire a team. No plans to scale beyond two. No plans to stop billing.Inside this unique story we cover:Why Emma assumed motherhood would end her recruitment careerThe "thanks for coming" culture that still exists in agenciesWhy female candidates hide their wedding rings in interviewsHow two part-time working mums billed £500K in their first two yearsThe diverse shortlist guarantee that wins every clientWhy they target £500K a year and have zero interest in scaling beyond thatHow shared parental leave changed everything for their familyThe co-founder relationship that started at kids' swimming lessonsThis isn't about scaling fast or building an empire.It's about two women who were told, directly and indirectly, that motherhood and recruitment don't mix. They billed half a million pounds in two years working part-time and proved it wrong. Without sacrificing bedtimes, school runs, or being present for their kids.If you're a female recruiter wondering whether you can have children, build a business, and still love what you do, this episode is your blueprint.__________________________________________Episode Sponsor: AtlasLet's be honest. Admin is one of the biggest drains on growth in a recruitment business.That's where Atlas comes in.Atlas is the AI-first recruitment platform built for modern agencies that want to scale without adding more manual work.It doesn't just track CVs and calls. It captures every conversation - emails, interviews, client calls - and makes it fully searchable.With Magic Search, you can literally ask:Who mentioned they're open to relocating next year?Who talked about wanting a four-day week?Who's worried about their commute?Atlas searches across real conversations, not just keywords on a CV, and gives you answers instantly.Atlas 2.0 also makes business development easier. With Opportunities, you can track and grow client relationships using generative AI, all inside your existing workflow.And this isn't hypothetical.Atlas customers have reported up to 41% EBITDA growth and an 85% increase in monthly billings after adopting the platform.No admin. No silos. No lost information.Just faster shortlists, better hires, and more time spent on the work that actually drives revenue.If you want to see what the future of recruitment looks like, unlock your exclusive RAG listener offer at:https://recruitwithatlas.com/therag/__________________________________________Episode Sponsor: HoxoEvery recruitment founder is investing in LinkedIn.Spending thousands on Recruiter licences.Building connections. Posting content. Growing networks.But here's the question almost no one can answer:How much revenue is LinkedIn actually bringing into your business?Most founders have thousands of connections but no clear process to turn that attention into cash.That's the problem we solve.At Hoxo, we help recruitment founders build predictable revenue systems on LinkedIn, not just noise or vanity metrics.Our clients are turning LinkedIn into £100K–£300K in new billings within months, using their existing networks and a simple repeatable process.To show you how it works, we've created a short training video exclusively for RAG listeners.In less than 10 minutes, you'll learn:Why most recruiters are getting zero measurable ROI from LinkedInHow small, niche teams are generating consistent inbound demandThe 3X Revenue System we use to turn LinkedIn into a predictable cash-generating channelSo fill in the form today to see how this system could transform LinkedIn into your agency's most profitable channel: https://hubs.ly/Q03lBpYC0

En este episodio hablamos de la adquisición de TransUnion de México por parte de TransUnion; de la relevancia que está tomando Vix dentro del EBITDA de TelevisaUnivision; de la subasta en la que se buscaba vender los activos de AHMSA; el incremento en el precio de las acciones de la empresa que está detrás de The Sphere; de el turismo en las ubicaciones que aparecen en series y películas.⁠Escucha nuestro newsletter diario "Whitepaper Hoy" en Spotify⁠Try Whitepaper 30 days freeBuy your Whitepaper merch hereRecomendación:THE 2028 GLOBAL INTELLIGENCE CRISIS

If you own a 1–2 location med spa and want the option to scale or sell in the next 3–5 years, this episode breaks down what actually makes an aesthetics practice valuable — beyond surface-level revenue growth.  Strong revenue alone does not make your med spa sellable. Buyers care about predictability, repeatability, clean financials, and reduced owner dependency. In this episode, I'll explain what private buyers, partners, and lenders really evaluate when assessing the enterprise value of a medical spa.    Common Mistakes that Lower Your Med Spa's Enterprise Value  Whether you're years away from selling or just want to increase your business value, this episode will help you focus on the core elements that make your business not just worth running—but worth buying.   Even profitable, cash-flowing med spas can struggle to sell if:  Financial reporting isn't clean EBITDA isn't normalized The owner is still the bottleneck Systems aren't documented Growth depends on personality rather than process  Enterprise value determines whether your growth is transferable and durable.    From Owner-Dependent to Sellable Med Spa: A CFO's Perspective  You'll learn how to shift your mindset from emotional attachment to your work towards making smart, strategic, and financially sound decisions that attract the right buyers. From building clean financial infrastructure to understanding the importance of normalized EBITDA, I'm sharing real-world examples and reasoning, including why presenting trustworthy financials and reducing owner-dependency can make or break a potential sale.   Listen for these 6 key insights:  The difference between owner-dependent profit and institutional profit Why EBITDA normalization matters when selling a med spa How personal expenses distort financial optics Why clean financial infrastructure builds buyer trust How tax strategy can impact your exit valuation What buyers look for in multi-location aesthetic practices    Action Steps for Scaling and Selling Your Aesthetic Practice  If selling — or scaling — is even a remote possibility in the next 3–5 years:  Ensure your books are clean and up to date for at least 3 years Separate personal expenses from business operations Normalize revenue and expenses to reflect true operating profit Evaluate owner dependency in day-to-day operations Document SOPs for treatment delivery, leadership reporting, and financial processes Assess whether your med spa could operate without you for 60–90 days  If your practice cannot function without you, you've built an income stream — not an asset.    Thinking About Opening Another Location?   "The best thing you can do when you're exploring a transaction with a potential buyer is to establish trust through clean financials, establish that trust that they have reliable data they're working off of, and then everything else is seamless." - Shannon Weinstein    Before expanding, ask:  Are your current economics repeatable? Is your EBITDA consistent and defensible?  Could a second location follow the same financial blueprint?  Scaling without institutional structure multiplies risk. Scaling with documented systems multiplies enterprise value.    Financial Strategies to Prepare Your Aesthetics Business for Sale  If you want to evaluate whether your med spa is positioned for scale or exit, start with the Financial Scaling Playbook for Aesthetics. Get it today: www.keepwhatyouearn/playbook  This free 5-part video series walks you through:  Offer profit Operating margin Cash flow management Customer lifetime value Enterprise value readiness      Follow Shannon & Keep What You Earn:   Shannon Weinstein is the founder of a fractional CFO firm specializing in helping 7-figure aesthetics and wellness practices scale with clarity, cash flow, and confidence. Host of the "Keep What You Earn" podcast, Shannon provides practical financial insights and strategies for business owners looking to build truly valuable and sellable practices. She breaks down what it means to create a business buyers will pay a premium for—going beyond surface-level metrics to address the essential financial building blocks. Shannon is committed to helping med spa owners understand, fix, and maximize their business's enterprise value, offering actionable advice and resources, including a popular free video series specifically for aesthetics practice owners.   Fractional CFO Services and Executive Financial Review: https://www.keepwhatyouearn.com/  Connect with Shannon: https://www.linkedin.com/in/shannonweinstein  Watch full episodes: https://www.youtube.com/@KeepWhatYouEarn  Listen on your favorite podcast app: https://pod.link/1580071347  Instagram: https://www.instagram.com/shannonkweinstein/    The information shared is for educational purposes only and is not individualized financial advice. Aesthetics practice owners should consult a qualified professional before implementing financial strategies discussed here. 

In this week's episode of The Money Mondays, Dan Fleyshman sits down with Eric Spofford and Justus Parmer for a fast-paced, money-focused conversation built around the show's three pillars: how to make money, how to invest money, and how to give back.Eric shares his journey from addiction and rock bottom to building a real business that scaled to hundreds of employees and ultimately sold for $115M—then breaks down the real mechanics of creating “sellable” companies: EBITDA, multiples, reducing key-man risk, building leadership teams, SOPs/KPIs, and what the exit process actually looks like from banker to data room to LOI and due diligence.Then Justus dives into how he thinks about investing with an “edge,” why he's focused on American industrial assets and long-term infrastructure plays, how AI is impacting decision-making, and why the “butterfly effect” of giving back matters more than people realize.As always, keep in mind—this episode might not just be for you. It could be the one you send to a friend who's trying to scale, raise money, invest smarter, or build something real.Get a free sales and marketing audit from my team. We'll find where you're leaking revenue and tell you exactly what to fix → danhighlevel.comLike this episode? Watch more like it

Think your 75% EBITDA margins look impressive? Unless you're running a drug cartel, Alex Rubalcava says you're probably just showing a lack of financial sophistication.In this episode of the Demo Day podcast, we sit down with Alex Rubalcava, Managing Partner of Amplify LA, to deconstruct the "delusional" financial modeling that keeps most founders from getting funded. Alex shares why grounded, realistic forecasts are the ultimate signal of a sophisticated founder and why many pitch decks are rejected before the first meeting even ends.As a veteran in the Los Angeles venture capital scene, Alex has seen thousands of pitch decks. He explains the nuance between ambitious growth and impossible math, helping entrepreneurs understand what venture capital firms actually look for in a business model. We dive deep into the mechanics of startup fundraising, the importance of unit economics, and how to build a financial model that builds trust rather than destroying it.We cover why "Mafia-level" margins are a massive red flag for VCs and the difference between financial optimism and a lack of sophistication. Alex breaks down how to present a forecast that stands up to VC due diligence and shares his current outlook on founder success in 2026. Whether you are a first-time founder preparing your seed round or a seasoned entrepreneur looking to sharpen your Series A pitch, Alex's insights on financial reality will change how you view your startup's data.Key Highlights:The "Cartel Margin" trap: Why 75% margins are a red flag.How to signal financial sophistication to investors.The current state of venture capital and startup valuation.Why your fundraising strategy needs a reality check.Lessons from Amplify LA on what makes a pitch deck stand out.

In this Resilience Unravelled episode, Alexis Sikorsky, a Swiss entrepreneur based in London, recounts building an internet café/ISP in Senegal, fleeing the country with only a suitcase, then returning to Geneva to grow a banking software and internet development business to about $10–11M revenue before the 2008 financial crisis cut 75% of revenue in a day. After years of survival, he rebuilt to breakeven and sold to private equity on an 11x EBITDA deal with 85% cash and 15% earnout, emphasising that PE deals involve uneven information and founders should do diligence on acquirers by speaking to prior CEOs. He discusses why most people shouldn't be entrepreneurs, differentiates “having a job” from owning a company, advises seeking free mentors who've done what you're doing, warns about conflicts with PE-paid advisors and small-company investment banks, explains when to avoid investment unless necessary, and describes his book Cashing Out and his initiative Night Scale to help firms stuck at $5–50M revenue using mission-based, part-time C-level expertise.00:00 Welcome 00:43 From Geneva to Dakkar02:03 Building and Losing It All03:20 Private Equity Exit Playbook06:24 Chairman Life and Retirement09:23 Who Should Be Entrepreneur11:57 Mentors and Real Advice16:14 Due Diligence on Buyers21:30 Investment vs Exit Decisions24:00 Why I Wrote Cashing Out26:05 Night Scale and Growth Plateaus27:49 Social Media Reality Check28:47 Final Thoughts and GoodbyeYou can contact us at info@qedod.comResources can be found online or link to our website https://resilienceunravelled.com

The Founderz Lounge Episode #76 with Chris Wunder.In this episode, Don Varady and Steve Bon sit down with Chris Wunder, Founder and CEO of Leap Brands, to talk about executive recruiting, private equity growth, and the realities of building a high-performance company from scratch.Chris shares how he left corporate roles at NBC Sports and Samsung to start his own recruiting firm in 2016, eventually expanding into private equity-backed consumer brands and launching a brokerage arm that has closed over $70 million in deals. The conversation dives into what investors actually look for in founders, why growth and EBITDA matter, and how team quality can make or break an opportunity.They also unpack the pressure of leadership, the myth that money solves everything, and why Chris believes in paying top talent double or triple when it makes strategic sense. From burnout and resilience to breaking into new industries, this episode is a candid look at what it really takes to scale.If you are a founder, operator, or executive navigating hiring, equity, or aggressive growth, this one delivers.Timestamps:[00:00] Trailer[03:41] From Corporate to Recruiting[06:59] Money Didn't Fix Everything[08:47] Harder, Smarter, Faster[11:06] Relentless in Sales and Life[13:44] Don't Burn Bridges in Business[17:21] Why Equity Deals Go Wrong[23:28] The 3–5 Year Career Strategy[27:29] What Private Equity Actually Looks For[28:35] Breaking Into New Industries[30:44] Final Thoughts and Where to ConnectKey Takeaways:  • “I used to be embarrassed to say I'm a recruiter even though I make more money than most doctors and attorneys.” ~Chris Wunder• “I hate LinkedIn. I despise it.” ~Don Varady• Harder, smarter, faster. You cannot have two. You have to have all three. ~Chris Wunder• “Be relentless. We don't stop at resistance, we push through it.” ~Chris Wunder• “Are we chasing money or are we chasing a lifestyle?” ~Chris Wunder• If you're only investing in talent you can “afford,” you're probably underinvesting in the people who could actually move the needle. ~Don Varady• The team is often the most important factor in whether a company can actually scale. ~Steve Bon is theory until there are real payouts on the line. ~Steve Bon• Growth is what private equity looks at first, even before revenue. ~Chris WunderConnect with Chris Wunder:Website: https://leapbrands.io/LinkedIn: https://www.linkedin.com/in/chriswunderleapbrands/Instagram: https://www.instagram.com/thechriswunder/Connect with Don and Steve…Don Varady:Facebook: https://www.facebook.com/don.varady/ Instagram: https://www.instagram.com/donvarady/ LinkedIn: https://www.linkedin.com/in/don-varady-450896145 Steve Bon:LinkedIn: https://www.linkedin.com/in/stephenbon Instagram: https://instagram.com/stevebon8 Tune in to every episode on your favorite platform: Website: https://www.thefounderzlounge.com/ YouTube: https://www.youtube.com/@TheFounderzLounge Spotify: https://open.spotify.com/show/0Nurr4XjBE747qJ9Zjth0G Apple Music: https://podcasts.apple.com/us/podcast/the-founderz-lounge/id1461825349 The Founderz Lounge is Powered By:Clean Eatz:Facebook: https://www.facebook.com/CleanEatzLife/ Instagram: https://www.instagram.com/cleaneatzlife/ Website: https://cleaneatz.com/Youtube: https://www.youtube.com/channel/UCJRGrE-Xv4IMW_DbxSOTGGA Bon's Eye Marketing:Facebook: https://www.facebook.com/bonseyemarketing Instagram: https://www.linkedin.com/company/bon's-eye-marketing/ LinkedIn: https://www.linkedin.com/company/bon's-eye-marketing/ Website: https://bonseyeonline.com/ YouTube: https://www.youtube.com/@bonseyemarketing9477  

United Parks & Resorts reported fiscal 2025 results this week; Revenue, attendance, net income, EBITDA were all down. "Our fiscal 2025 results did not meet our expectations. While the consumer environment was uneven and our results were impacted by negative international tourism trends and volatile weather during certain peak visitation periods, we should have delivered better results, particularly on the cost side of the income statement," CEO Marc Swanson said during the earnings call. The earnings call, however, spent relatively little time on what went wrong in the parks. Instead, the company debuted a supplemental investor presentation focused on the value of its real estate, the replacement cost of its assets, and why the stock is undervalued. The company has spent $247 million on stock buybacks over the past 14 months, while cutting expansion CapEx nearly in half.Watch bonus episodes on Patreon.

In this episode of the Planet MicroCap Podcast, I'm joined by Jim Zimmerman, Founder & Fund Manager, and Abby Zimmerman, Research Analyst, of Lowell Capital Management to talk about their disciplined small-cap strategy built around what they call the “Fort Knox” balance sheet. At its core, it's about owning resilient, cash-generative businesses with little to no debt—companies that can not only survive volatility but use it to their advantage. We dive into why they focus on operating cash flow over EBITDA, how they hunt for overlooked “boring” niche leaders trading at value prices, what they look for in management teams, and why constant re-underwriting—“buy and homework,” not just buy and hold—is critical to long-term compounding in microcaps. We mention several companies and sectors during this conversation, and I'm not a shareholder in any of them. For more information about Lowell Capital Management, please visit: https://www.lowellcapitalmgmt.com/  Chapters: 00:00 Introduction to Lowell Capital Management 04:45 Jim Zimmerman's Investment Journey 09:52 Abby Zimmerman's Perspective on Investing 14:54 Core Investment Philosophy and Strategy 19:39 Engaging with Management and Assessing Companies 22:42 Evaluating Company Fundamentals 26:51 Avoiding Value Traps 29:37 Idea Generation and Networking 33:49 Learning from Investment Experiences 39:38 Evolving Investment Strategies Planet Microcap hosts the highest quality in-person microcap events in North America. The mission is to bring the best microcap investors, companies, and allocators together to gather, connect, and grow.; visit https://planetmicrocap.com/ to learn more about our Las Vegas and Toronto events. The purpose of this conversation is for informational and educational purposes only and should not be construed as a recommendation to purchase or sell any security. Planet MicroCap Holdings LLC and MicroCapClub LLC are not registered investment advisors. Planet MicroCap Holdings LLC, MicroCapClub LLC, its partners, contractors, members, subscribers, guests, and affiliates may or may not hold positions in one or more of the securities mentioned on this program and may trade in such securities at any time. Do your own due diligence and seek counsel from a registered investment advisor before trading in any security.

The "Fresh Dirt" Strategy: How to Buy the Right Business in a Growing Market Most entrepreneurs look at revenue. Private equity looks at EBITDA. But Tyler Brennan looks for something different… Fresh dirt. In this episode of the Blue Collar Millionaire Podcast, Tyler breaks down the exact strategy he used to: Buy an $850K golf course and turn down a $12.5M offer Scale a drone e-commerce business to $18M Exit multiple businesses to private equity Identify growing markets before everyone else If there's no fresh construction… no new rooftops… no growth in the area… He's not buying. You'll learn: → Why growing markets matter more than "perfect" businesses → How to structure seller-financed deals → When to sell to private equity (and when NOT to) → Why clean books matter more than high revenue → How to buy businesses others are too scared to touch There are many ways to build wealth. But the foundation is always the same: discipline, action, and positioning yourself where money is already flowing. If you're serious about buying a business...this episode is a must-watch.

Interview with Daniel Henao, President & CEO of Mineros SAOur previous interview: https://www.cruxinvestor.com/posts/mineros-sa-tsxmsa-record-earnings-fund-aggressive-expansion-across-latin-america-8048Recording date: 25th February 2026Mineros SA (TSX:MSA), a Colombian gold producer with over 100 years of operational history, is executing a fundamental transformation that positions the company as a compelling growth opportunity in the current $5,000 per ounce gold environment.The company delivered exceptional 2025 results, producing 227,000 ounces of gold equivalent and generating $800 million in revenues—a 50% increase year-over-year. With $360 million in adjusted EBITDA generated at an average realized price of $3,500 per ounce, the company now operates in a significantly more favorable pricing environment that provides immediate margin expansion.Mineros operates two producing assets with distinct characteristics. Hemco in Nicaragua produces approximately 140,000 ounces annually from the historic Bonanza mining district, while Colombia contributes 90,000 ounces through an unusual century-old alluvial operation that employs flooded-pit methodology, gravity separation without chemicals, and hydroelectric power.The company's near-term growth strategy centers on Nicaragua, where processing capacity represents the primary constraint despite abundant mineral resources. Mineros is investing in a 40% throughput expansion at Hemco, increasing capacity from 1,800 to 2,500 tons per day by year-end 2026. Simultaneously, gold recoveries have improved from 87% to 90%, representing pure margin enhancement from already-mined material.On the exploration front, Mineros is launching its largest-ever drilling program of 100 kilometers across its 450,000-hectare Nicaragua land package. The district has produced nearly 10 million ounces historically yet remains substantially underexplored by modern methods. The company is targeting both brownfield expansion near existing operations and greenfield discoveries under the leadership of Carlos Rios, who joined from Collective Mining in December 2025.Despite 1,000% stock appreciation over two years, management argues the company remains undervalued at 2x revenues and 4x EBITDA—multiples based on $3,500 gold rather than current prices. The company has returned $145 million to shareholders over five years while maintaining its ability to fund growth initiatives, dividends, and explore selective M&A opportunities from strong operating cash flow.View Mineros S.A.'s company profile: https://www.cruxinvestor.com/companies/mineros-saSign up for Crux Investor: https://cruxinvestor.com

#980 | Ed and Jamie review Manchester United's fiscal 2026 second-quarter results, arguing the numbers look bullish despite no European competition: revenues held up, EBITDA is strong, and the club posted an operating profit of just over £30m. They credit Ineos' restructuring - about £50m a year removed from the cost base, including redundancies and efforts to rationalise player wages - with improving the club's financial foundations, while noting debt remains high, cash is low (~£44m), and historic transfer payables are absorbing cashflow. They discuss how Champions League qualification could add ~£80–100m revenue and how Premier League squad-cost rules may help. They flag major debt maturities in 2027 and 2029 and expect refinancing to increase interest costs, plus brief updates on stadium plans, shareholding movement, and optimism driven by improved results and recruitment. 00:00 Introduction 04:12 Cost Restructuring & Wage Bill 13:48 Revenue Breakdown 17:53 Champions League Impact & Future Outlook 20:17 Debt Refinancing Discussion 26:36 Stadium Development & Wrap-up If you are interested in supporting the show and accessing a weekly exclusive bonus episode, check out our Patreon page or subscribe on Apple Podcasts. Supporter funded episodes are ad-free. NQAT is available on all podcast apps and in video on YouTube. Hit that subscribe button, leave a rating and write a review on Apple or Spotify. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, the hosts analyze a $36M Florida-based vertically integrated countertop business with strong EBITDA—but big risks tied to real estate, cyclical new construction, and questionable growth potential.Business Listing – https://www.bizbuysell.com/business-opportunity/premier-vertically-integrated-countertop-manufacturer-and-installer/2375304/Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them.Looking to build a professional website in minutes? Try Wix: https://wix.pxf.io/c/6898629/3115214/25616?trafcat=templateHubSpot is the backbone for how businesses scale without chaos. Try them out here: https://go.try-hubspot.com/OeG9Vr

In this episode, Caleb sits down with Nick Bartolo, founder of Essential Partners, to discuss what business owners need to consider when thinking about selling their company. Nick breaks down: The decision to sell and conducting a "possible path analysis" — evaluating revenue, EBITDA, and overall business valuation. Thinking beyond the sale price — retirement planning, ensuring your investments can support your lifestyle, and avoiding poor tax advice. He also covers: Optimizing growth, margins, and return on capital Building a business that is sustainable and not dependent on the owner Understanding the broader industry landscape The importance of strong books, clean financial records, and a reliable CPA Strategic tax planning, including starting a Roth IRA This episode is packed with practical insights for any contractor or entrepreneur planning long-term growth, exit strategy, and financial freedom. Nick Bartolo- INFO@essentialp.com https://www.instagram.com/nickbartolo_ep/?hl=en  https://www.elitenetworks.us Auman Landscape on YouTube Primed For Growth www.companycam/kcpodcast Company Cam- 50% for 2 months! Linktree/AumanLandscape @aumanlandscapellc www.CycleCPA.com  Use code: Auman and save $200 when signing up. LMN Software Save on onboarding! Code: AUMAN  

On today's episode, Dr. Mark Costes welcomes back valuation and transition expert Kyle Francis, founder and CEO of Professional Transition Strategies. The conversation dives deep into the current landscape of dental practice acquisitions, with a focus on how consolidation, private equity, and practice size are changing the rules of the game. Kyle breaks down valuation methods—SDE vs. EBITDA—and explains why many growing practices may outpace the traditional doctor-to-doctor buyer pool.  They explore what makes a practice "attractive" to institutional buyers, how multiples are really determined, and why the structure of your business (and your exit timeline) can drastically impact your payout. Whether you're thinking about selling in five months or five years, this episode is a masterclass in understanding the financial forces at play in modern dentistry. Be sure to check out the full episode from the Dentalpreneur Podcast! EPISODE RESOURCES https://professionaltransition.com https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

There's an 82% certainty your company is worth $1M less than it should be. And it's not because revenue is weak. Hidden credit card fees and expense creep quietly erode EBITDA while you focus on growth. The damage compounds monthly — small basis-point increases multiplying across thousands of transactions and inflating your cost structure without triggering alarms. Most CEOs never see it. The charges are automated. The increases are incremental. Meanwhile, private equity buyers and strategic acquirers calculate valuation on the EBITDA that remains — not the revenue you're celebrating. A 20% EBITDA recovery doesn't just improve margins. It can mean seven figures in enterprise value. If growth feels harder than it should, the leak may not be on the sales side. Jeff Shavitz shares the hard-earned lessons he learned building Merchant Advocate—and the hidden fee patterns that quietly compress EBITDA before most CEOs ever notice. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tom Hoffman shares the Family Private Enterprise Model for business succession. As an attorney and CPA at Knox Law Firm, Tom discusses his 30+ years of experience in business succession, complex estate planning, and asset protection, focusing on how families can successfully transition businesses across generations. He explains that while most owners want to keep their companies in the family, few heirs are truly prepared to lead, making clarity of goals, fairness (not necessarily equality), and strong communication essential to preserving family harmony. Tom outlines common pitfalls such as forcing children into roles they don't want or failing to define objectives early. He also contrasts selling versus retaining the business, highlighting tax implications, the risks of dissipating liquid wealth, the role of family offices and trusts in preserving capital, and the broader community impact of keeping businesses local. We discuss... While about 70% of owners want to keep their business in the family, only 20–25% of children are typically prepared to lead it. Succession planning should start with clearly defining the family's goals rather than jumping straight into structural decisions. Fairness in dividing assets does not always mean equality, especially when some children work in the business and others do not. Lack of communication is the primary driver of family conflict during transitions. "Self-realization" conversations help family members come to their own conclusions about what is fair, preserving harmony. Outside consultants and counselors are often necessary when emotional, mental health, or substance issues complicate planning. Forcing children into leadership roles they do not want can create long-term personal and business damage. Hiring a professional outside CEO can dramatically improve performance and free the senior generation from daily operations. Professionalized management often increases EBITDA significantly and expands the pool of qualified leadership talent. Even if the business is eventually sold, building a strong management team substantially increases valuation. Family offices and multigenerational trusts can help preserve and strategically deploy large pools of liquid wealth. The "family private enterprise model" offers an alternative to selling by keeping ownership while professionalizing operations. Succession planning is a process that requires coaching, buy-in, and intentional cultural transition rather than a one-time transaction. Today's Panelists: Kirk Chisholm | Innovative Wealth Barbara Friedberg | Barbara Friedberg Personal Finance Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter/X: https://x.com/MTIPodcast For more information, visit the show notes at https://moneytreepodcast.com/family-private-enterprise-model-tom-hoffman-792