A recognized authority on licensing and leveraging intellectual property and technology assets, Mr. Andrew Sherman will discuss intellectual asset management and harvesting.
On episode 319, Dan and Rik Sharma of Siempre Positivo discuss Barcelona's 3-2 loss to Real Madrid in the Spanish Super Cup. They talk Ansu Fati's intangibles, Xavi's newfound depth, questions in the midfield, and much more! Running Order: What are the positives in the loss? How did Real Madrid break down Barcelona? What separates Ansu from the other forwards? Is Frenkie de Jong or Sergio Busquets surplus in the midfield? Listen on Apple Podcasts iOS App, Spotify and, if you want to support the show, head over to Patreon for more content! Become a Patreon to support the show and check out our Quick Take Match Reviews – Thank you! Access our exclusive, listeners-only Facebook Group here. Follow us on Instagram! Find us and watch exclusive content on YouTube! Click here to subscribe via Apple Podcasts Click here to subscribe via Spotify We are excited to partner with Fanatiz! Use this link to sign up: https://bit.ly/2YAHuDd Submit your Blue Wire Hustle application here: http://bwhustle.com/join Learn more about your ad choices. Visit podcastchoices.com/adchoices
This Podcast Is Episode Number 453, And It's About Construction Industry Insights For 2022 There is a natural ebb and flow in the business cycle, which in regular times operates, somewhat predictable. In normal times, contractors who pay close attention to their Five Key Performance Indicators financial reports and stay aware of the macro global economy and the microlocal economy can plan and earn an expected profit after paying themselves a reasonable salary. The past two years have been anything but ordinary, and frankly, we are having a tough time with the economic forecasts models we follow, including our internal ones. Something similar occurred from 1976 to 1980, and suddenly in early 1981, the national and global economy began to turn around, and there was a severe shortage of contractors and qualified construction workers. During the remainder of that expansion and boom cycle, many construction company owners made substantially high profits, and the wise ones who thought ahead invested their windfall profits in real estate, stocks, and other investment vehicles. The good news is the Universe is always in balance, and we could be nearing the beginning of a period of massive expansion, the likes of which we had not witnessed since the end of World War II when the housing boom was explosive for the next 20 years. Pent-Up Demand For Construction Projects 1. Deferred maintenance. Due to the lack of cash flow, many commercial property owners have been putting off sealing parking lots, painting, renovating, and other general maintenance projects. 2. Drive the neighborhoods in your cities and towns all across the USA, Alaska, and Hawaii and see for yourself how many houses have weathered "Blue Tarps" covering portions of the roofs which are leaking and need repair. If the homeowner has trouble putting food on the table, then a new roof is not a high priority. 3. In the evening hours, drive the residential neighborhoods in your target market and notice how many cars are parked in the driveways and surrounding areas. This indicates that many people rent out rooms to help make their mortgage payments. 4. Visit the home improvement stores and observe the shift from nine months ago when there were lots of lost and frustrated homeowners roaming the aisles searching for materials and tools for do-it-yourself projects, and now there is an increasing number of contractors and handymen. When you have a clearly defined and documented Business Strategy, you will know what steps to take and when. Just like when you took a test in school in your favorite subject, it was fast and easy! When you know the answers, the questions will not bother you! When the economy is expanding, demand for construction rapidly and almost overnight outstrips supply because many contractors gave up and left the industry. Well-intentioned yet unseasoned contractors seize the opportunity to rapidly grow their businesses by haphazardly bidding and winning projects without considering calculating their company Expansion Path Isoquants, infrastructure, logistical support, working capital requirements, Job Costs, or Key Performance Indicators (KPI). The Inevitable Chaos - Caused by too much work and not enough labor, material, other costs, and subcontractors (LMOS) leads to the contractor becoming a pipe through which money flows with increasing velocity and not in a fun way. This is the leading cause for large contractors going bankrupt. The construction company starts small; the owner is a visionary who understands the "Tangible" side of the business. They know how to bid, sell, produce and manage the company as it grows to roughly $5,000,000 in annual sales without having a clearly defined Business Process Management System or Strategy. When they take their business to the next level, not having a strategy or, as I refer to it, the "Intangible" side of the management equation, they often end up going bankrupt, several times in most cases, before hiring us or someone else to help them put together a strategy that includes the "3 P's" Processes, Procedures, and Policies. It has been said, "The same law that binds the ignorant frees the wise." A new mindset leads to a new result. Prepare by being proactive - invest time and money getting your Business Process Management systems in place using The 80/20 Rule to grab a nice big thick slice of Market Share Pie and laugh all the way to the bank. Final thoughts I sincerely understand and empathize with the challenges that all construction owners, workers, and support staff have faced for the past several years. The good news is that everything will change for the better. Hang on through this invisible global threat and be patient. Also, if you're new to our website or blog, you can check out our new Contractor Success MAP Toolkit - it's more than 15 pages of Marketing, Accounting, and Production tips, checklists, and best practices that you can use year-round for your construction business success. Free download here. About The Author: Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or email@example.com
In today's episode, Dr. Amer Kaissi discusses his new book, Humbitious. In our conversation, he shares his extensive research that shows that the most effective, high-performing leaders combine deep, realistic humility with ambition and drive. Tune in to learn more about what you can do to acquire and build these traits. Dr. Amer Kaissi is an award-winning Professor of Healthcare Administration at Trinity University, a Top-15 national program. He is the author of the book “Intangibles” which has won the 2019 Healthcare Book of the Year award. At Trinity, Dr. Kaissi teaches courses in Leadership, Professional Development and Public Speaking and is the Director of the Executive Program. His research interests include leadership and strategy. Dr. Kaissi is a national speaker with the Studer Group and a faculty member with the American College of Healthcare Executives. He is also a certified Executive & Physician Coach. Learn more about Dr. Kaissi and his new book at: https://www.amerkaissi.com Connect with Dr. Kaissi on LinkedIn at: https://www.linkedin.com/in/amer-kaissi-ph-d-38258919/
What does it take to see actual growth? As followers of Jesus, we realize all of the thing we want to see change in our lives stem from the presence of God. It's part of the promise of what he gives us. Chad shares about how the Apostle Paul found his focus, and how the whole thing started with a weird scenario hundreds of years before with a bunch of animals cut in half.
NOTE: Jeff did the editing last minute and got lazy so there's more mouth sounds and dead air than usual. There's also a weird recurring hiccup. Deal with it. Whitney tries a new diet. Jarvis invents a new word. Peggy revisits her extremely humble fashion origins. Souza endures a governmental audit. Wilkes hears the call of Cthulhu. This episode contains: A completely inaccurate episode description Intangible tension The invention of the “hall pass” The cheapest, dryest wig The silence of the rats Squirtin' lead Ra-Ra-Rasputin A Paris Hilton tangent of all things A missed photo shoot The Shining Mignonne's choice TOWIE A now ancient meme Jeff's Smile: The Conjuring: The Devil Made Me Do It (on HBOmax) Mignonne's Smile: Schitt's Creek on Netflix (again) Bonus Smile: I Love You, Phillip Morris (on Hulu) Please give us your money at patreon.com/kjjcast and leave us a 5 star rating and a text review on your preferred podcast app Email us at firstname.lastname@example.org Hit us up on Twitter and Instagram @kjjcast Jeff: Twitter and Instagram @TheTamaranean Mignonne's Bunnies: Instagram @mulderbun
In today's special episode I'm joined by speaker, teacher, trainer, coach, and business owner, Allen Roberds. We chat about intangibles, coaching, and how to keep going when you feel you've hit a roadblock. I also share some of my favorite things that you'll probably want to purchase for yourself. Have a listen! Visit Allen's site to learn more about him and even jump on his calendar - http://intangibleownership.com/. Here are the links I promised for my favorite things from this episode! Ten Foot Charger - https://amzn.to/3iUQ4ao Wisp Disposable Toothbrushes - https://amzn.to/3aw1I7a DoTerra Deep Blue Stick - https://www.doterra.com/US/en/p/deep-blue-stick A big thank you to our sponsor for this episode, The Marketing Blueprint Workshop. For more information about this event, my website - https://www.speakmichelle.com/marketingblueprintworkshop. Submit a question for the “Pick My Brain” segment. Here's how! Simply email your questions to me at email@example.com. Put ‘Pick My Brain' in the subject line. Learn more about your ad choices. Visit megaphone.fm/adchoices
What do you see when you look into the nativity? If all you see is what your naked eye beholds, you are missing the greatest reality. There are intangibles in the nativity that if embraced will change your life. Scripture: Luke 2:1-7 Dr. Mark Harris
Intangibles are here to rescue the HEAT, Tobin does his best to convince Leroy to take him to the Orange Bowl. Tobin details his upcoming family camping trip. We preview the Miami Dolphins game against the Saints this week Monday Night Football. See omnystudio.com/listener for privacy information.
La inflación en EE.UU. adelanta la subida de tipos de interés-Acaba el 2021 sin ningún cambio en pensiones Ismael Santiago, Profesor Doctor en Universidad de Sevilla Ismael es analista financiero de Blockchain, Criptomonedas e ICOs. Profesor de Finanzas en la Universidad de Sevilla, experto en: Valoración de empresas de base tecnológica, Mercados Financieros, Corporate Finance e Intangibles. Autor del libro “Nueva Economía Blockchain en 100 preguntas” disponible en librerías desde septiembre de 2019 Redes sociales → Twitter: https://twitter.com/m2mmarketplace → Linkedin: https://www.linkedin.com/in/phd-ismael-santiago-48918724/ Antonio Banda, CEO Feelcapital Antonio es CEO de Feelcapital EAFI, la primera plataforma web de asesoramiento digital en fondos de inversión. Cuenta con más de 20 años de experiencia en el sector de los fondos de inversión. Antes de unirse a Brandes Investment Partners, como responsable para el mercado español, Antonio fue CIO de Bankinter Gestión de Activos. Ha gestionado hasta 160 fondos de inversión y pensiones, con más de 15.000 millones de euros. Redes sociales → Twitter: https://twitter.com/AntonioBanda_ → Linkedin: https://www.linkedin.com/in/antoniobandar/ Territorio Bitcoin → Website: https://www.territoriobitcoin.com/ → Twitter: https://twitter.com/territoriobtc → Linkedin: https://www.linkedin.com/company/territorio-bitcoin
Do You Have What It Takes? That Intangible That Few Possess! | Dr. Rick Wallace Everyone has some form of genius, regardless of where you start or what suggested limitation you are born with. Elon Musk has Aspergers, meaning he is on the autism spectrum. Some of the greatest orators had speech impediments. While gifting and genius are abundant, access to opportunity is not. Understanding this truth means that you also understand that life is not fair, and winning is not about fairness but preparedness, action, and perseverance. Look, discouragement has a way of secretly creeping into your vision. It will even hide behind the smiles of friends and loved ones. That thing you must possess in order to win is not about your gifting, nor is it about opportunities. It is about your resolve to face down discouragement and all forms of opposition to relentlessly pursue what you desire. It is that simple. __________________________ How Are You Going Into 2022? I am a firm believer that in order to start your year off right, you must end the previous year on a good note. It is immensely difficult to build momentum from a standstill, billions of people attempt it every year. I want to help you start your New Year off with momentum, focus, purpose, direction, and confidence. What are you trying to achieve? What are you trying to avoid? What is your game plan? I want to help you build momentum for 2022. Enroll in the 30-Transformation Course here: https://bit.ly/3zTmYhw30DayTransformation No one can change your situation but you and change starts here! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/rick-wallace3/message
NFTs, Arte y Renacimiento 4 0 El primer año pensiones en la que va a haber más salidas que entradas Ismael Santiago, Profesor Doctor en Universidad de Sevilla Ismael es analista financiero de Blockchain, Criptomonedas e ICOs. Profesor de Finanzas en la Universidad de Sevilla, experto en: Valoración de empresas de base tecnológica, Mercados Financieros, Corporate Finance e Intangibles. Autor del libro “Nueva Economía Blockchain en 100 preguntas” disponible en librerías desde septiembre de 2019 Redes sociales → Twitter: https://twitter.com/m2mmarketplace → Linkedin: https://www.linkedin.com/in/phd-ismael-santiago-48918724/ Antonio Banda, CEO Feelcapital Antonio es CEO de Feelcapital EAFI, la primera plataforma web de asesoramiento digital en fondos de inversión. Cuenta con más de 20 años de experiencia en el sector de los fondos de inversión. Antes de unirse a Brandes Investment Partners, como responsable para el mercado español, Antonio fue CIO de Bankinter Gestión de Activos. Ha gestionado hasta 160 fondos de inversión y pensiones, con más de 15.000 millones de euros. Redes sociales → Twitter: https://twitter.com/AntonioBanda_ → Linkedin: https://www.linkedin.com/in/antoniobandar/ Territorio Bitcoin → Website: https://www.territoriobitcoin.com/ → Twitter: https://twitter.com/territoriobtc → Linkedin: https://www.linkedin.com/company/territorio-bitcoin
Discover how you can market intangibles and keep your Zoom meetings fun and engaging Find out why you need to invest in good entertainment for your Zoom meetings Learn more on what kinds of entertainment fits for your corporate Zoom meetings and translates well virtually Resources/Links: Wanting to Know How You Can Keep Your Zoom Meetings Fun and Engaging? Learn more on how magic can be one of the best virtual entertainment experiences you can give at your Zoom meetings: Danchanmagic.com Summary Have you been feeling like your Zoom meetings are boring and your audience is not engaging? Do you want to know how you can spice up your Zoom meetings and keep your audience hooked up on what you have to say? Are you ready to find out how magic is one of the best virtual entertainments you can invest in? Daniel Chan is an internationally renowned, award-winning magician and mind-reader. He presents world-class magic and mind-reading. Dan has performed 5000 plus shows worldwide. He provided the perfect entertainment solution for savvy corporate audiences. In this episode, Daniel talks about the difficulties brought by virtual meetings-- from learning how to get your message through the screen to keep your audience engaged. He also shares his insights on how magic is the best online entertainment you can invest in for your Zoom meetings. Check out these episode highlights: 01:34 - Daniel's ideal client: “Corporations or anyone looking to make a zoom event more engaging.” 01:43 - Problem Daniel helps solve: “Boring zoom events. Often people are not engaged. They're thinking, "Oh, it's the same meeting. It's the same boring thing." 02:28 - Typical symptoms that clients do before reaching out to Daniel: “Often you're going to do meetings, and you'll see people with their cameras off. Those are some symptoms. Often people are muted, or they're not sharing their screen. You can tell they're probably not engaged.” 03:14 - Common mistakes that people make before they find Daniel's solution: “Virtual cooking shows, and many other things that don't translate. For example, you can see videos of magicians engaging, and you can actually see full demos, but, imagine, how is a cooking show better virtually than in person?” 04:05 - Daniel's Valuable Free Action (VFA): “Call for a free demo that we could do over Zoom so that you can actually experience it. Watching a video of someone doing magic over Zoom isn't as engaging as me directly reading your mind.” 04:34 - Daniel's Valuable Free Resource (VFR): Check out Daniel's Website: Danchanmagic.com 05:10 - Q: How did you get to so many billionaires and corporations? A: Targeted ads that were done by zip code and many other marketing strategies. Tweetable Takeaways from this Episode: “Find out what your goal is and find steps to reverse engineer it.” -Daniel ChanClick To Tweet Transcript (Note, this was transcribed using a transcription software and may not reflect the exact words used in the podcast) Tom Poland 00:10 Greetings, everyone, and a very warm welcome to another edition of Marketing the Invisible. I'm Tom Poland beaming out to you from little Castaways Beach in Queensland, Australia, joined today by Daniel Chan. Danchan.com. I say Danchanmagic.com is his website. A very warm welcome, Daniel. Daniel Chan 00:26 Thanks for having me, Tom. Tom Poland 00:27 You're welcome! Where are you actually calling in from? Daniel Chan 00:30 Fremont, California, where all the Teslas are made. Tom Poland 00:33 Where all the Teslas are made. Oh, that's handy! Okay, so for those of you who don't know Daniel, he's an internationally renowned award-winning magician and mind reader. Wow! He presents absolutely world-class magic and mind-reading acts. He's performed, get this,
Aunque, por definición, no se puede “ver” ni “tocar”, la economía intangible tiene una importancia crucial en el desarrollo económico e innovador de las empresas y países que la practican. Y está en todas partes, aunque a veces no seamos conscientes de su presencia y papel dentro de la economía. Hablamos de conocimiento, I+D, talento, formación, algoritmos, diseño, estructura organizativa, propiedad intelectual … Todo aquello que, a la postre, marca las diferencias entre empresas y países de forma muy contundente. ¿Cómo se puede medir lo intangible? ¿Qué lugar ocupa España con respecto al resto de países? ¿Qué empresas usan mejor sus intangibles para prosperar? ¿Es la economía intangible responsable de la desigualdad de nuestros días? Acudimos a la Fundación Cotec para, desde su posición privilegiada y de apoyo constante a la innovación, intentar entender los activos intangibles y su funcionamiento, al hilo de la reciente Cumbre Europea que ha reunido a las fundaciones de Portugal, Italia y España y a sus respectivos jefes de Estado para tocar este asunto. Recibimos a su director, Jorge Barrero, y a los responsables de un vídeo divulgativo sobre la economía intangible que han colgado en su canal de Youtube. Son #WHYMAPS y sube a la Nabucodonosor el director Bruno Teixedor. Y poniendo un ejemplo práctico, radiografiamos algunas claves del sector de los videojuegos con el director de The Game Kitchen (Blasphemous), Mauricio García.No nos olvidamos tampoco del tablero y los dados para conectar con Ismael Alonso y su interesante reflexión de lo intangible en los juegos de mesa. Escuchar audio
La inflación noquea a los Bancos Centrales Qué significan las pensiones en España Ismael Santiago, Profesor Doctor en Universidad de Sevilla Ismael es analista financiero de Blockchain, Criptomonedas e ICOs. Profesor de Finanzas en la Universidad de Sevilla, experto en: Valoración de empresas de base tecnológica, Mercados Financieros, Corporate Finance e Intangibles. Autor del libro “Nueva Economía Blockchain en 100 preguntas” disponible en librerías desde septiembre de 2019 Redes sociales → Twitter: https://twitter.com/m2mmarketplace → Linkedin: https://www.linkedin.com/in/phd-ismael-santiago-48918724/ Antonio Banda, CEO Feelcapital Antonio es CEO de Feelcapital EAFI, la primera plataforma web de asesoramiento digital en fondos de inversión. Cuenta con más de 20 años de experiencia en el sector de los fondos de inversión. Antes de unirse a Brandes Investment Partners, como responsable para el mercado español, Antonio fue CIO de Bankinter Gestión de Activos. Ha gestionado hasta 160 fondos de inversión y pensiones, con más de 15.000 millones de euros. Redes sociales → Twitter: https://twitter.com/AntonioBanda_ → Linkedin: https://www.linkedin.com/in/antoniobandar/ Territorio Bitcoin → Website: https://www.territoriobitcoin.com/ → Twitter: https://twitter.com/territoriobtc → Linkedin: https://www.linkedin.com/company/territorio-bitcoin
Identity formation is a significant adolescent developmental process that involves transitioning from childhood dependency to adult responsibility for one's needs, interests, impulses, goals, and desires. Today, Steve & Henry Sims share the importance of peer groups and role model observations in helping children develop a greater sense of self-confidence, personality, connection to others, and making personal decisions. Key takeaways to listen for Intangible effects of a family retreat to your child Best way to focus on your child's goals and dreams 2 critical skills that could help children make better decisions Unique qualities of a good uncle and why they're important Developing a sense of independence and identity Importance of parenting and a parent-child relationship Resources mentioned in this episode Bluefishing by Steve Sims About Steve & Henry Sims Steve Sims has been running his luxury travel and lifestyle concierge firm, Bluefish, for more than twenty years. With his unique talent for connecting with people's passions, opening doors, and making things happen, Sims has developed an exclusive reputation and impressive client list of the world's rich and famous. Bluefish has offices around the world and has been featured in Forbes, The New York Times, Entrepreneur, Variety, Worth, CNBC, and many other media outlets. Sims is also a keynote speaker at venues including Harvard and the Pentagon, and has spoken at many top entrepreneurial groups, including Mastermind Talks, Genius Networking Events, and Entrepreneur Society of SF. He lives in Los Angeles with his wife, kids, dogs, and a lot of motorcycles. Growing up, Henry saw firsthand the good, the bad, and the constant roller coaster that is the life of an entrepreneur. Frankly, opting-in to this lifestyle seemed bizarre. Instead, he let his analytical mind and passion for motorcycles direct him into Mechanical Engineering at Oregon State University. He enjoyed it and very quickly ranked at the top of many of his classes, but being an entrepreneur was in his blood and it didn't take long before he realized that his skills, thought process, and goals best fit into the life of an entrepreneur. Where so many entrepreneurs suffer from shiny object syndrome and end up confusing themselves and sometimes harming their own business, Henry is able to build clarity, simplicity, and action into every element of a driven entrepreneur's marketing and branding. He utilized all of his skills for analyzing data and systems to start a small digital marketing firm where he could analyze the marketing and branding efforts of his clients and optimize it for greater returns with less effort. It grew to a very healthy number of clients that relied on his ability and analytical mind to formulate the best way to expand their brand and message into the market they desired to be in. Connect with Steve & Henry Website: Sims Media; Steve D Sims Facebook: An Entrepreneur Advantage with Steve Sims Instagram: @stevedsims; @henrydsims; @realsimsmedia LinkedIn: Steve D Sims; Sims Media Youtube: Steve D Sims; Sims Media Twitter: Steve D Sims; Sims Media Connect with Us To learn more about us, visit our website at www.18summers.com or email us at firstname.lastname@example.org. To get a copy of our book “The Family Board Meeting”, click here. Subscribe to 18 Summers Podcast and leave a rating and written review! Social Media Channels Facebook Group: 18 Summers LinkedIn: Jimmy Sheils Instagram: @18summerstribe
What does it mean to our customers to be successful and how do we set them up for that success? Furthermore, how do we grow with our customers? Today's conversation with John Jantsch will help to answer these questions! His latest book, The Ultimate Marketing Engine, maps right onto how you Pumpkin Plan your business in terms of getting to know your ideal customers and how you can attract more of them. John Jantsch is a marketing consultant, speaker, and author of Duct Tape Marketing, The Referral Engine, The Self-Reliant Entrepreneur, and his latest book, The Ultimate Marketing Engine. John is also the founder of the Duct Tape Marketing Consultant Network, which trains and licenses independent consultants and agencies to use the Duct Tape Methodology. In 2020, John attended Tap the Potential's Breakthroughs Retreat and shared excerpts and thoughts from The Self-Reliant Entrepreneur (everyone at the retreat received this book as a gift!). This book made such an impact that Dr. Sabrina still hears retreat attendees quoting from it! We hope you enjoy this insightful conversation! Profit by Design is a Tap the Potential Production in collaboration with Small Business Consulting Group. Show Highlights: John addresses creating “members” versus “customers”, and making the decisions that deliver value to them. John reveals where the idea came from for writing his latest book. Everyone talks about being customer-centric, but not many follow through. How personal connection is missing from typical marketing. Intangible value comes from getting to know your top customers and clients and what they most want. John shares some questions that we need to be asking our top clients. Do you Pumpkin Plan your business? John's newest book is a great followup! Connect with John! On his Website Links and Resources: New! Now Available!! The 4 Week Vacation™ book with bonuses! Download Dr. Sabrina's Introductory Training: How to Make Your Time Worth $10,000 an Hour Join Dr. Sabrina in our Entrepreneurs Take Your Life Back! Community
A new poll shows Americans are worried if President Biden is "mentally fit" to lead the country. While those numbers are grabbing all the headlines, Boyd looks at why fewer Americans are giving him good marks on the intangible qualities, things like character and compassion, that helped propel him to The White House. See omnystudio.com/listener for privacy information.
I had a pretty incredible conversation with a friend recently, about the word “tangible”. What is actually tangible? And how do we allow the tangible things in life to affect us emotionally and spiritually? Shouldn't the intangible hold a greater value? This episode, I share my heart on all of these questions, and also share how you can incorporate this practice of manifesting into your life. JOIN NOW: https://www.academyofbreath.org/breathwork (BREATHWORK): This is the initiation into taking care of your mind, body, and spirit at a level that we are all desperately ready to receive. Not only will this work impact your life, it will impact everyone around you. We are honored and celebrating that you are taking this step...and can't wait to witness your activation. Here's what is included: Lifetime access to six modules journeying through the layers of a breathwork and meditation practice to live a connected, purposeful and rich life. Video trainings, lessons, and audio companions for your everything from creating your personal practice to meditating on the go for your specific needs The https://www.avajohanna.com/academy-of-breath (Academy of Breath): The Academy of Breath is an eight-week online teacher training blending neuroscience, spirituality, and the business of mindfulness to elevate your power as a leader in the wellness industry. Embodiment of these practices is the foundation of any personal mastery equipping you with the tools to thrive in all areas of life - relationships, intuition, career, and Self. By the end of the eight weeks, you'll be on a fast track to confidently sharing your voice as a teacher, connecting to your purpose, and finding clarity on your path to the inevitable success that comes from living in alignment. Resources: https://www.avajohanna.com (WEBSITE) | https://www.instagram.com/avajohanna/ (INSTAGRAM) | https://podcasts.apple.com/us/podcast/the-alchemized-life/id1400963174 (PODCAST) Stay Up To Date: Follow https://www.instagram.com/thealchemizedlife (@TheAlchemizedLife) and https://www.instagram.com/avajohanna (@AvaJohanna) on Instagram https://www.avajohanna.com/sign-up (Subscribe to Newsletter) Visit https://www.avajohanna.com/ (AvaJohanna.com) or http://thealchemizedlife.com/ (TheAlchemizedLife.com)
PFF's own Steve Palazzolo and Sam Monson give an OBJ Update. They also discuss how much they believe intangibles matter, and whether or not defenses are gaining the upper hand. https://www.gofundme.com/f/pff-nfl-pod-charity-drive-40-batting-practice
Intangibles of a good man. The doctor is sharing the values of a good man and a woman must choose a good man and not not a man who is a male and he have no respect for you. In other words he is a user and he is not smart. When a woman give him the attention she should give a good man she is cheating herself out of everything a good relationish should have and makes her happy.
Joel Block is a futurist, longtime venture capitalist & hedge fund manager who lives in a Shark Tank like world. Initially a professional BlackJack player, counting cards and beating casinos in Las Vegas, Joel later built and sold his publishing company to a Fortune 500. His cage-rattling keynotes expose Wall Street insights and the inside track on high-velocity innovation – empowering your team to predict and prepare for its future. He also produces Profit from the Inside Podcast, which is a leading business podcast. Links: https://joelblock.com/ https://www.linkedin.com/in/joelblock/ https://podcasts.apple.com/us/podcast/profit-from-the-inside-with-joel-block/id1435311561
Personal property is property that is movable. In common law systems, personal property may also be called chattels or personalty. In civil law systems, personal property is often called movable property or movables – any property that can be moved from one location to another. Personal property can be understood in comparison to real estate, immovable property or real property (such as land and buildings). Movable property on land (larger livestock, for example) was not automatically sold with the land, it was "personal" to the owner and moved with the owner. The word cattle is the Old Norman variant of Old French chatel, chattel (derived from Latin capitalis, “of the head”), which was once synonymous with general movable personal property. Classifications. Personal property may be classified in a variety of ways. Intangible. Intangible personal property or "intangibles" refers to personal property that cannot actually be moved, touched or felt, but instead represents something of value such as negotiable instruments, securities, service (economics), and intangible assets including chose in action. Tangible. Tangible personal property refers to any type of property that can generally be moved (for example, it is not attached to real property or land), touched, or felt. These generally include items such as furniture, clothing, jewelry, art, writings, or household goods. In some cases, there can be formal title documents that show the ownership and transfer rights of that property after a person's death (for example, motor vehicles, boats, etcetera) In many cases, however, tangible personal property will not be "titled" in an owner's name and is presumed to be whatever property he or she was in possession of at the time of his or her death. --- Send in a voice message: https://anchor.fm/law-school/message Support this podcast: https://anchor.fm/law-school/support
The Virginia football team won again, claiming a 48-40 victory against Georgia Tech. TheSabre.com Podcast looks back at the Hoos' fourth straight win and ahead to trip to BYU. Plus, an extended segment on Virginia basketball with "intangible: the story behind Virginia's bigger-than-basketball program" book author Robert Friddell.
EP278 - Adobe Holiday E-Commerce Forecast with Taylor Schreiner In Episode 277 we covered some of the early overall holiday sales forecasts, and the issues likely to impact this holiday season. In this episdoe we get the very first look at Adobe 2021 Holiday Shopping Forecast. This is a deep dive on digital shopping behaviors based on Adobe Analytics, which analyzes 1 trillion visits to retail sites and over 100 million SKUs. We break it all down with Taylor Schreiner, Director of Adobe Digital Insights. Episode 278 of the Jason & Scot show was recorded on Thursday. October 14th, 2021. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. Transcript Jason: [0:24] Welcome to the Jason and Scot show this episode is being recorded on Thursday October 14 2021 I'm your host Jason retailgeek Goldberg and as usual I'm here with your co-hosts Scot Wingo. Scot: [0:38] Hey Jason and welcome back Jason Scott show listeners we are smack in the middle of October and for all of our retail listeners you know what that means it is go time for Holiday 21 way back in episode 277 last week we talked about the supply chain challenges I like to call that Supply pain and we shared the e-commerce retail forecast from Salesforce Deloitte and beIN but there was one notable missing forecast from that list and that's one of our favorites the Adobe forecast well in this episode we're going to fix that hole in the universe we're going to fill it and Adobe is releasing their holiday forecast here on the 20th which is when we'll be releasing this podcast and we are really excited to have with us today Taylor Schreiner he is the director of Adobe Digital insights and fun fact this is adobe's fifth time on the show Welcome Back Taylor. Taylor: [1:34] Thanks God do we get a free sandwich. Scot: [1:37] Sure if we were there together we would have a sandwich but we'll we'll do a virtual high five instead how about that. Jason: [1:44] Just to warn you Scott's character is like grilled into the sandwich so some people find that. Taylor: [1:49] Oh no I'll close my eyes this could thank you Scott thank you Jason it's great to be here we'd love talking to you guys and we love listening to you guys so it's a fun conversation to have. Jason: [2:03] We are thrilled to have you Taylor and I do want to Dive Right In to your methodology and then your data but before we do real briefly remind. Um the audience what your role is at at Adobe to sort of frame frame where your perspective is coming from. Taylor: [2:20] Sure so I run a group called Adobe Digital insights it's got mentioned and we are charged with, using aggregated and anonymized adopted in data to. Help the industry retail and other Industries as well understand the major trends that we see in the data that comes through Adobe analytics or adobe Commerce or any of the other. I could get it to Commerce and experience cloud services that we have. So so our job is to tell stories to make it take all that huge area did it and tell stories that help people understand their world. Jason: [2:59] That's awesome and so there's a bunch of different components of the the Adobe marketing cloud in the do Adobe Commerce Cloud but. Sort of Marque things Adobe analytics which a long time ago too many of us that are super old was Adobe was omniture, is a is a key component of the analytics suite and Magento is a key component of the marketing cloud and so you you get to see, an awful lot of, Commerce transactions across the web via those two products and the rest of the the Adobe stack and you get to use that anonymized data to sort of formulate this holiday forecasting this case is do I have that right. Taylor: [3:41] Absolutely and I really appreciate you calling me super old. Jason: [3:44] I didn't say you called it I'm not sure I said I. Taylor: [3:47] I remember I remember the under two days I do but yes. Jason: [3:50] I'm pretty sure there's like the URL for the analytics dashboard still says all mature. Taylor: [3:54] I think sometimes it does yeah now it's absolutely right face. Jason: [3:58] And then one important distinction some of the. Holiday forecast that Scott mentioned in the intro are actually overall retail forecast and one of the things that that is unique your forecast is slightly more focused you're focused on digital Commerce do I have that right. Taylor: [4:16] That's right we have we focused exclusively on digital Commerce and we're looking what makes us unique is that we are looking across, over a trillion interactions with retailers across thousands of retailers across over a hundred million skus with a boatload of AI behind that sort of categorizing and understanding it but you know the core of it I think for your listeners is weird. The where the group is actually looking at what people are buying in what quantity and what they're actually paying for it. It's ridiculous prices we're not doing surveys were actually looking at the the behaviors that we can observe a huge scale and using that to do both the reporting in this case are forecasting of the holiday season. Jason: [4:56] Yeah and that's super exciting to me because that I frequently rail against the value of stated preference surveys in our industry and and what we're talking about today is observed preferences lies actual data and consumer behavior that you're watching. Taylor: [5:11] Absolutely and it's gonna be fascinating. Jason: [5:13] Yeah so just two other minor precursors and we'll jump in because there is so much variability out there when you say holiday what date range are you talking about. Taylor: [5:22] Good point right now we're talking about the first of November till the end of the year although arguably make it into it you know some of the stuff is starting to creep into October 2 but when we talk about numbers were talking about November 1 to December 31. Jason: [5:34] Perfect we'll come back to that but yeah I think I think the the shoulders of that season are going to be more interesting than ever and then when you say, retail. Like approximately like what is in retail to you I could go US Department of Commerce restaurants and gas stations are in there like do you guys have a standard definition of retail just to kind of frame what we're talking about. Taylor: [5:56] We generally look at a thing where the transaction the Fulfillment are fully executed online we exclude from this things like travel which is a different industry or anything where it's simply a payment system online but you know any Commerce where you're doing your shopping, your your payment and your fulfillment online generally falls into into our space so not restaurants are delivery services but but the goods that you would normally associate with with retail shopping outside of that. Jason: [6:27] Awesome and so digital grocery than would be in there. Taylor: [6:29] Yes he's a digital grocery appliances apparel all that kind of thing. Jason: [6:34] Perfect okay well I think that's enough Preamble and we've done enough teasing what's what's the Top Line are we all going to get our bonuses this year or is it going to be bleak. Taylor: [6:43] It's your our data showing a good year or days showing a year where the story is really consumers want to shop consumers wanted to go buy online but it's going to be really different year for retailers and for consumers because of the supply pain that Scott was referring to earlier they're going to see a lot more out of stock they're going to see a lot, you know a lot higher prices frankly and that's I think it'll hold us back from having a incredible year. Now just keep in mind I'm talking about a 207 billion dollar, season which you know we don't have a great aggregate retail forecast that we based off right now but that's roughly $1 and for of all of all retailgeek. As far as we can see maybe a little more than that. And it's 10 percent up from last year which you know in the long run of historical growth rates is a little bit low but we're getting off of a 33% jump the year before so if you kind of look all the way back to 2019 we're still. Accelerated from where you would have expected us to be if you've been projecting from a prepaid nemec stance so it kind of depends on where you're looking at it from. But however you look at it it's going to be a big year. Jason: [7:58] Got it so in my mind I sort of think of it traditionally year of e-commerce growth for Holiday being kind of like pre-pandemic. We were kind of running in this like 10 to 15% a year sort of range, um and all of retail would be growing at like four percent a year so then last year the pandemic forces everyone online we have this monster year 33 percent and then this year you're looking for you're looking at 10% on top of last year's monster year. Taylor: [8:27] That's right that's right still going to grow it's still good grow significantly it's still good grow you know maybe as you stay at the kind of lower bound of what we used to see but it's a real real growth rate now they'll be some differences in what grows and how it grows you can get into that but it's going to be a good year. Jason: [8:44] And one of the thing that's always funny to me is I guarantee you when the the sort of superficial press get ahold of your forecast they're all going to write the story about how e-commerce has is slowing way down. Taylor: [8:58] Right yeah nobody wants to talk about two year growth rate or you know try and digest everything that's happened over over the course of the pandemic and fine and but I know, when you step back even a little bit e-commerce has transformed over the past 20 24 months I think the bigger story is people are shopping for their groceries people are shopping for their Furniture you know folks out here in Berkeley or buying compost online, the way that people engage with e-commerce has radically transformed over the course of the pandemic and that's here to stay and that's this the basis of that growth and that you know that's the part that really has accelerated over the course of cobit so if you want to look at a particular growth rate and say it's slowing down, fair enough, but I don't think for instance you know I want to make predictions in 223 but I don't think this 10 percent growth rate in 22 is telling you that 23 is going to be slow I think it's more of a balancing act between. 2020 and 2021. Jason: [9:58] And again like this still means e-commerce is almost certainly growing faster than brick and mortar. Filming the whole industry is still growing in a very disruptive year I do want to like maybe double-click on covid just for a second because this was the big open question when we were all living through, the first half of the pandemic was sure. Everybody's turning to e-commerce people don't want to go to the stores there's health and safety issues they're all they're all these open things so not surprising that it drove more people online a big question at that time was. Is this just an acceleration of a trend and this is going to be the new normal or will those people all be desperate to go back to the store and resume and back to the mall and kind of resume their pre-pandemic. Shopping behaviors and. My read of your data says no no we're locking in all those changes that happened last year and then we're we're growing at a pretty healthy clip from there is that a fair way to be thinking about it or am I wrong headed as got usually points out. Taylor: [11:02] No in this particular case you happen to be right the that's absolutely true if you look at the aggregate growth I think it tells exactly that story that it, it is we're banking all the gains that you got through covid and there were growing on top of that, I think another stat I think really tells the story is our buy online pick up curbside. Data which you know followed that trajectory you talked about Jason, getting up there as we got into the pandemic and retailers adjusted we have a we have a set of retailers we look at the median portion of their online purchase online orders that are fulfilled curbside and that ramped right up last year with all of its fulfillment challenges ranked right up right before Christmas you about 25% we thought that's a that's a high peak right we got into April of this year and it gone right back up to 25% people are still going and pick you up curbside that's a habit that they're in their shopping online and fulfilling next to the store and we expect that to hit a whole new record frankly as we go into this year so it's a it's a habit that people have gotten into and they're not letting go of. Jason: [12:10] Wow and if this is from memory but I want to say last year you guys said that well well e-commerce grew at 33% the dopest segments are the curbside pickup segment grew way faster than that it was like a hundred and ninety-five percent. Taylor: [12:25] Yeah I don't have enough time I have like it's something like that it was it was significant and this year's going to be. Going to be crazy and you know anecdotally you know there are a number of stores where I think hey I really like this I'm not going to set foot in number of those I'll shop with them but I'm against it putting them again for a while if I don't have to this is great for me. Jason: [12:47] Yeah you know it's maybe only partly analogous but I talked to a lot of Quick Serve restaurants. And you know they have the same thing right they sold they sold meals but it was all off Prem consumption and you know the restaurants that have the biggest intrinsic Advantage were ones with drug through. And I've talked to an awful lot of restaurant tours that are like if I could wave a magic wand and make my dining room go away and have a more robust drive through. I would do it because that's the customer that that appears to be the long-term customer preference. Taylor: [13:19] Yeah I think and I think a lot of retailers who have got good real estate or obviously having to rethink how much of this is a you know distribution center and how much of this is a shopping experience and you know it's gonna be different than it was two years ago for sure. Jason: [13:34] And then I guess the one other sort of observational thing I've noted is. Yeah so you know our store is going to get people to walk back in the store to pick up those digital orders are they going to continue to pick them up at curbside and you know one who knows but one clue. Um is pre-pandemic Walmart had these in storage lockers these robotic lockers this cool Tower and all their stores. Um and they d installed all of those towers and they're now doing a national remodel with a much more robust, curbside picking lot parking lot right so it seems very clear and Walmart's case that they're saying hey the. You know this isn't just a reaction of the pandemic this is a you know a permanent infrastructure change we're making two. To make to eliminate in-store pickup and make curbside pickup more. Taylor: [14:24] I think that's right I think that is likely the trend I think you know it there's a lot. A lot of the hassle of of shopping that you're removing with shopping online and pick you up at the store is, is that last not mile I mean the last you know a hundred feet hundred yards of going in there and getting in the inline or whatever if you can just sit with your app and check your email with some well so they put stuff in the trunk that's a lot of a lot of value add there so I would expect that to be continue to be the trend. Scot: [14:52] Bullets as I introduced I'm kind of keenly aware or following the supply chain stuff and I noticed in the front of your presentation one of the bullets is unprecedented out of stock levels if you guys can you share like you know what you think that's going to be and is there any way to put a number on that like you're numb your forecast would have been you know twice as big if it wasn't for this or you just guys are just flagging it as this adds risk to the holiday. Taylor: [15:21] It's a fair question something we think a lot about I mean it's really hard to characterize and we probably just need more more. Time with the with the day I met don't make time to think about it but time series data to really understand how out of stock. Alters people shopping behaviors whether they abandon or whether they take some to which they redirect themselves. I will tell you is that you're going into if you look at sort of 2019 isn't as the normal it was growing when people were getting more out of stock items more of stock hits over time maybe you know creeping up toward fifty or a hundred percent more even over the course of the year and the pandemic hits and people are five times more likely basically four and a half to five times more likely to get an out of stock message and that's today that's not necessarily going to Holiday where things could get more challenging. So that could go up where we see it often isn't most often is in apparel so again you know I think it's going to affect different categories differently out of socks in the Peril can be if you're looking for a particular stereo pair of sneakers or particular you know this is the 20th so what made you I was buying for my wife but something you know a vest or something right that is her birthday is on the 23rd so I want to tell her what's what I was shopping for, anyway the you know you might not get that. Scot: [16:46] Is your wife a listener. Taylor: [16:48] I really doubt it. But yeah you might get redirected to something else whereas in electronics for instance we see you know a lot of chips shortages but. But price is a bigger factor in some of that marketing and decision making and so you're able to see apparel prices creep up a little bit but a lot about a stock you see for instance Electronics prices creep up a lot from what we would have expected but that that has reduced the out-of-stock challenges that they faced. Scot: [17:24] So so it's hard to put a quantity quantify on at this point maybe you think after the holiday you guys will be able to. Taylor: [17:31] I think it'll be easy yeah I mean you know we have a clear estimate of what things might have looked like before I think after the holiday talk to us in January we can we will have a better sense of how this played out this holiday season one of the challenges that I think is out there is it's not clear yet how much out of stock consumers are really going to see this season, based on you know when retailers are running promotions how they're stocking us those promotions how they're managing their their portfolio of goods so. We'll have to see but it's something that yeah had Beyond in January we'll talk about. Scot: [18:09] Okay it's going to be more of a chess game because the retailer they have the only information about what they have and what they can expect and then matching that to the promotional calendar this year is going to be interesting and playing a little game of chicken with the consumer to because consumers should be reading about this a lot so it's going to be fascinating to watch watch how that plays out. Taylor: [18:29] Yeah I've been recommending to Consumers frankly to make two lists, say look you got one list of things where I know I want this for the holidays and you got to buy it early because you might worry about your your out-of-stock situation and then another set of goods were you think hey you know if this doesn't come through or if I don't get specifically the version of this that I want yeah if I don't get this TV but I get a different brand TV I'm okay and then those things you can really shop for on the big major sailed is but it's you know. It's going to be it's a lot of a lot of work for the retailers to figure out how this game is going to play out and frankly it's gonna be a lot of work for consumers to figure out how they're going to address it. Jason: [19:10] I guess one of the ways I think about this it's important to remember that out of stock does not automatically mean wah sales like a lot of times there's a. Customers first choice but the they'll make on the Fly substitutions are switches when they discover some things out of stock so we still capture that. That's a land it seems like all like you know all the people forecasting retail sales for this holiday are pretty robust numbers you're coming in with a pretty robust number, everyone saying we're not going to find, consumers first choice of goods so the sort of logical conclusion here is the consumers in a spending mood when I go to the store to get baby grow goo for Scott for Christmas and it's out. Um Scott's going to have to settle for some cool dune toy that I find. Taylor: [19:58] Hey didn't really cool the The Arc right and I think maybe the way to answer Scott's question directly is you know. In the face of this rapidly increasing out of stock, we're seeing at least you know up to the 5x of what we saw in 2018 we have still seen really impressive growth this year especially we're 2019 so so far whatever headwind it is is not. Super significant now I think you know the experiment that will be able to look at is if this starts to spike as we go into the holiday season if retailers have a hard time matching their inventory with with consumer demand then that might have a bigger impact in the they'll be saying we can look at more closely. Jason: [20:42] So you alluded to some of the categories and I have a feeling that. Um that both out of stocks and the impact of out of stocks could play out very differently in different categories right like if someone goes to the grocery store and we're out there out of your preferred brand of toilet paper. You're probably going to switch to another toilet paper but if there's a particular luxury fashion item or a particular toy that little Johnny is asking for for Christmas. Um you might be more inclined to hunt her harder for that product or defer that purchase and get it later or something like that right is does that make sense. Taylor: [21:16] Absolutely yeah and you know grocery out of stocks are not not at all infrequent with your particular Goods at a particular moment and then apparel is something I don't know about the rest of you but I've gotten. Pretty acclimated to the notion that I'm not necessarily going to be able to find the size and the color I'm looking for on the first try that it's quite quite possible I have to hunt around but you know there's a lot there a lot of style choices that go into that whereas I think you know if you're looking for a you know something specific as you say you know for particular. Particular toy your gift you might have to hunt them different retailers to go find it but you might be willing to do that exactly well. Jason: [21:58] So when you roll it out all that up are there any categories in your mind and end up being clear winners or losers for holiday. Taylor: [22:06] Well you know I think the it's it's a good question the the. [22:17] Clearly where we've seen growth is where we've seen the clearest growth in the holiday and in e-commerce in general has been in the things that are not holiday specifics of groceries apparel those kinds of things have really grown and we continue to see them grow so in some sense they are the Commerce winners because they've really absorbed the, I think what's going to be very successful early on are going to be these deals that get spread out around electronics and other gifts in an apparel we expect to see those went out very well I've got my eye though on non physical Goods things like downloadable games and things like that that happen the mic pop up toward the Christmas season is people who are looking to deliver something that is great experience especially for kids that isn't going to be constrained by shipping challenges and then. [23:18] I don't know where to put my bets this year because I've got my eye both on the demand that I see in a lot of things like gaming consoles that are looking great but also on you know there's a big question mark over over Supply challenges and how that will play out for them so I would be cautious in spread my bets but but electron you know the traditional gift areas are going to do really well and apparel seems to be continuing to take off very strongly in what we've seen so far. Jason: [23:48] So you the non-physical thing is super interesting ordinarily and holiday like as you get closer to the end of the year and you kind of hit shipping cut-offs and last year we talked about a lot about ship again I didn't, and you know bottleneck sit ups and FedEx and all of that you know retailers pivot to trying to sell. Intangible products pretty hard right and most notably gift cards so I imagine that with the the inventory situations this year that that's going to be more prominent than ever that you know if you can't find the, the toy you really want you know it might be an IOU you're getting, it holiday in the hopes of getting it in January or February but there is a new kind of intangible that kind of didn't exist last year and is having a little bit of moment and I have a feeling Scott's way more into it than I am but why. Does all do all of these out of stocks kind of play into the the the. In Ft kind of hate this year do you think that we could start to see some of them on the holiday wish list. Taylor: [24:52] I think I think in a few still have a ways to bleed into you know consumer experiences and consumer expectations that I see a lot of reading and not a lot of a lot of buying but if people can figure out how if retailers can figure out how to make. You're kind of cross that Chasm and figure out how to make it a real consumer experience and yeah I think there's a lot of opportunity there for that and you know and speaking of things that are not necessarily tangible and expire or unique you know we don't forecast travel into our into our data but we do look at travel and right now you know prices for. Plane tickets are about 13 percent less than they were on average in 2019 so you know depending on how. Vaccinations and mask mandates and travel restrictions all play out there may be a push if knock wood covid gets better for more experiential, experience driven options for people to give as gifts to. Scot: [25:49] One of the things that I've been really intrigued by and this is because some of the companies have gone public but this buy now pay later and I saw you called it out and I've seen a lot of the Wall Street analyst as a for my generation I look at it I'm kind of like, you know why don't I just put that on the credit card what's interesting is I've seen this whole generational thing where Millennials and gen Z years they're looking at it as they associate the credit around the item they don't like kind of having open credit and they want it to be around a specific item what what are you guys seeing as it relates to the be npl. Taylor: [26:25] We love new acronyms right be in PL no I have exactly the same experience you just got where I think exactly what you do this but we had two sources on this one is we looked at the actual data that we see flowing through our systems and we saw skyrocketing last year of buy now pay later Behavior we saw about 44 percent growth over the course of the year, weeks that slowed a little bit in percentage terms as we went through this year but you know as we get back into the holiday season I have every reason to expect that to re-accelerate, and you saw quite the distribution two of you know sources of this is some retailers got into this business a lot of financial institutions got certain play in this area so there's a lot more more options we saw those we saw the minimums for buy now pay later come down from those institutions and simultaneously we actually saw consumers spend more or put put bigger purchases on buy now pay later, and when we surveyed about it we, we saw what you were alluding to Scott this is a generational difference in the way that people manage and even think about what credit really is and was striking to me is that the top, category that folks told us that they were interested in using buy now pay later for was was clothing that they were making those kind of purchases and and Spring Meadow over time because they were, lumpy in their year and then they were spreading it out across their income without affecting their credit. [27:52] Electronics was obviously on that that set to you going to buy your television as televisions get bigger and more expensive or cheaper but bigger but what was the. [28:02] Third category that I thought was fascinating was groceries. And not again we dug under that that wasn't just people it wasn't generally people saying look I've got a week's worth of groceries and I spread the payments out over four weeks that's hard to make sense of but but more you know I'm throwing a party or having an event and I have a spike in my grocery budget no one at this I want to smooth it so it is a and then they were everyone was managing it sort of separately from this notion of having a lump of credit card debt they had a managed versus a purchase they had to think out and pay off those are two really different categories so it is it's a really different way of thinking about credit that's manifesting in buy now pay later and it seems to continue to be growing at a significant rate. Scot: [28:49] Yeah do you think. The pitch that a lot of these so that the two big companies are there's three there's a firm karna and after by and I'm sure there's more egg even like shopify's coming out with their own and what not, their pitch to retailers is it bumps up your cart size right do you think, is this going to be a factor this holiday in our is it going to bump up the ASP you think there are still too small to be a meaningful consideration. Taylor: [29:17] You know when we when you average across the enormous event that is the holiday season I don't think we're going to see average order value is our average basket, values go up significantly more noticeably are or more to the point me off trend of what we've seen in the past that said, you know I think. If these retailers are thinking about their customer base has more granularly and they're thinking well I've got a group of folks who I can actually juice where I can do sup there their basket sizes and their purchases by offering that I think that probably is true and, you know as with these kind of generational shifts it may make a difference in the longer term as you change consumer buying habits it may open up a door for that generation is incomes increase and time goes by so I think probably more of a long-term play when it comes to aggregate average order values but for specific audiences for specific customer bases I think it did make a difference. Jason: [30:18] Yeah it's going to be interesting you know there's a payment method that historically has been really popular holiday that you know. Rich people that listen to e-commerce podcast don't tend to think about but it's layaway. And I like one of the interesting Trends you know Walmart which does a very robust delay way business retired their layaway this year in favor of a buy now pay later service. Taylor: [30:44] Yeah I remember the I remember the Layla way shelves. Toys R Us when I was a kid and just sitting them seeing all these items sit there waiting for people to pay for them but if you can get the same effect. And both for the consumer on their credit and for the retailer in terms of getting paid then it's certainly more enticing for the customer to actually get the item rather than wait for it. Jason: [31:10] I know for sure I do like to sad things there was kind of a fun tradition because of away away some very kind people would often go into a retail store. And pay everyone's layaway. And it was kind of this like secret Santa thing and you know it would happen every year there would be lots of these cool stories so I worry we're going to miss out on that which you know probably isn't. Isn't hugely meaningful but it said to me but the other thing that worries me a little bit about holiday I do think like based on your growth forecast like this is going to be a bunch of consumers first experience with these buy now pay later services, and I would still say there's a lot of consumer confusion because like I look at the landscape of these services. And the spectrum is very broad there are you know some kind of thinly veiled payday loan operators that are you know charging like huge interest and late fees and all these things on one end and then there's there's some like. Really generous programs that are very popular in here that don't charge interest in don't have late fees and you know is sort of a. Very low cost and so it. I'm not sure consumers are going to be Savvy enough to differentiate all of those for this holiday I know Target in particular is offering two different buy now pay later options and. Consumers are going to have to learn how to shop for those vendors now. Taylor: [32:35] I think that's absolutely right Jason it's very hard you know it's sort of an unstructured product that can have a lot of different attributes and it's not like a credit card where you we serve reduced it to something like credit limit and interest rate right with some with some bells and whistles and it's also not, it's not even something that consumers know how to frame necessarily like I certainly didn't when I got into the space what is this what are these payments mean what is the penalty if I miss the payment you know what are my other options how are we going to communicate how you get paid what information do you need has if at my credit score it's a lot to think about and it's going to you know thinking has a lot of costs especially when consumers are shopping this quickly so you know I think we'll have a reckoning Reckoning but a moment to pause and. Reflect on how this all evolved we get to the holiday season it will see some things shake out I would imagine. Jason: [33:31] Next well let's pivot to something near and dear to my heart the we alluded to up top the shape of holiday so there's two. Parts of this that are super interesting to me, ordinarily when we talk about holiday we're laser focused on these five days at the end of November the turkey fiber that I think you guys caught the Cyber five. Taylor: [33:53] Yeah they're my wake up at 3 a.m. 5 so I have I hold them in a different regard but they are. You know the story that you know when we would talk to you guys before for the pandemic would always be you know hey this the the season is growing but these big days are growing faster retailers are concentrated you're competing and concentrating their deals on those days and we're seeing retail consumers follow suit and they're expecting those deals on those days that really flipped around last year we had a massive growth last year about 30 odd percent 33 percent for the season. [34:27] But the individual days were growing in the low 20s there are growing about 10% slower then the season as a whole and we expect that again this year we expect the season to grow at about 10% expect the big days to grow about five-ish percent. To be clear they're going to break records I mean we're going to have an 11 plus billion dollar a day on Cyber Monday we're gonna you know Black Friday is going to going to inch up close to 10 billion Thanksgiving is going to be you know over five it'll, level that we used to call Young used to be Black Friday of numbers it's going to be massive but both because, retailers are spreading out the deals for supply and fulfillment reasons and because consumers have really shifted what it mean what e-commerce means in other words they've established sort of water level of shopping for things that are not holiday and promotionally driven, those percentages are harder to move than they used to be so yeah it's going to be they're going to be big days they're gonna be huge that last hour before the end of Cyber Monday we're going to see $12,000,000 move through the system in a minute so, every minute so it's going to be big but it's going to be a different pattern especially the thing from the Retailer's perspective than we've seen in the past. Jason: [35:40] Interesting and do you have a feel for like how much it like I think you hit on the 2 reasons for it like one is the lot of large numbers there already huge. Huge numbers and and you know frankly in some cases quite you just can't squeeze more Goods through the. The funnels on those days and then the other one is changing consumer patterns and and just you know more General e-commerce consumption on every other day of the month and all those other things like it, I'm assuming it's a blend of both of those but but is is this year more prominent that people are going to be holiday shopping on other days or you think we've just. Taylor: [36:18] Yeah it's hard it's a hard call I think what's unusual about this year's really the retailer side I mean you could imagine a world where with fewer Supply constraints where retailers are more willing to put big sales on those big days and compete for eyeballs and four dollars so maybe a maybe there's a new normal where that changes but what I don't think is changing is that consumers are now permanently going to be in a state where Ecommerce is more and more available to them where you know be their home. Certainly their phone is is increasingly an easy place to go shopping and so all this concentration on these days is going to make less and less sense to them in terms of shopping behaviors if you go back out you know the origin of these days is really about sitting outside a big box and and can't be out and trying to get deals because you had to go in person but if you don't, if you if you if it's less and less the case that you actually have to go get things then it becomes easier and easier to spread out your purchases over time and if you're always shopping online you're not, you know just sort of the complete opposite of what you know going going to the office for Cyber Monday to go shopping which is what some of us used to do then you know you're much more open to these deals and opportunities that that retailers can offer you throughout the season so that part's not going away. Jason: [37:40] That's a great point so so then let's let's zoom out a little bit you guys are counting holiday is November 1 through December 31st a lot of retailers would, include January in there, holiday season again a lot of you know gift cards and returns and people you know come in with that return and they buy more stuff so January normally is a good month, and then this year the deals. Started in October right like Amazon Started Black Friday deals on October 4th time to get started on October 10th I think. Sort of boosted because of the supply chain concerns retailers are fighting really hard to start holiday shopping in October, and because all the stuff we really want is stuck on a boat off the coast of Long Beach we might not get it until January or February so with all of that supply chain squishiness. Like is there like what you know. Taylor: [38:39] What do we see. Jason: [38:40] Holiday in November and December but is it even a like the rate of growth is even bigger if you were to kind of you know redefine holiday as a October through February. Taylor: [38:51] Yeah I mean the way that shows up in our data is that we see a we so far I've seen a very strong October, we've seen very strong October in terms of overall e-commerce growth not not on par with you know the big holiday months but it's you know we're looking at you know roughly that ten percent year-over-year a little bit more for October so it's a good sign. [39:17] The what we're also seeing though is we're keeping a close eye on prices and as I said we're see we see. Data at the transaction level and it gives us a particularly unique view into into prices and we're going into your September are digital price index which is the of the basket of goods that we see purchased online through retail was up 3.3% over last year less than the CPI was up last month but still really significantly and for context up until the pandemic we had never seen digital inflation it always be always in prices going down on part about 5% order of about five percent so people are going into this season with higher prices there will be some discounts but we in October but I don't think they're going to make a dent in that inflation yet. And frankly from what we've seen historically over the other holidays of this year we expect to go in with higher prices for goods in general and we expect discounts to be, significant but a little bit shallower than they were at their last year their deepest point so consumers may be paying significantly more, this year on a Black Friday for a particular item than they were they would have been last year on that same date when you add all that up. Scot: [40:35] Nursing the so I know we're up against time so a little lightning around here it wouldn't be a Jason and Scot show if we didn't talk about Amazon any any tea leaves on Amazon. Taylor: [40:47] So we are we assiduously avoid commenting on particular retailers for a number of reasons but everybody's going to have a big year I would imagine this year. Scot: [40:56] My theory is if the supply chain matters Amazon Amazon Walmart and maybe Target are so dialed in on that but it was some a bit of an advantage and could hurt the small guy this year but we'll see how that plays out. Taylor: [41:11] What do you think the large versus small is a good good framing of that, you know bigger retailers in and out of stock in a world without of stocks have more options to to offer and complete a sale and then small retailers who may see their carts more likely to be abandoned I think that's a significant factor. Jason: [41:31] Okay so then the next lightning one is you talked a little bit about inflation you talked a little bit about like discounting not having to be quite as deep. How does that all washout in terms of profitability I do do retailers make more money on fewer sales this year or does do all these supply chain costs eat it up and, and it's you know thin margins. Taylor: [41:51] Yeah well so I think margin management is going to be a whole different game and retailers of already had to think a lot about that this year that you know the top line is going to be bigger per item so you're going to get more Revenue but I don't see that really being driven by some kind of margin maximization Behavior it seems to be largely driven by increasing increasing costs of goods and so you know I don't see a real Gap step open it up between increasing costs and and increasing Revenue to create a giant chunk of margin there. Scot: [42:28] How about anything on device Trends any news kind of done to be a bit of an old story that you know the smartphone is overtaking the desktop. Taylor: [42:37] There is a little bit of news it's kind of fascinating so we that's that's it if you looked at the share of Revenue that was doing through smartphones from 2014 till even into the pandemic you could have basically drawn a straight line I mean it was a it was a sort of, Early College regression experiment that we've been super easy for First Years to do that's changed a little bit smartphones are still gaining cheer don't get me wrong they're still growing faster than desktop in terms of the revenue is coming through them. Ever so slightly more slowly than than they used to and it may be an indicator that, in America at least we may be headed toward an equilibrium to looks more like a sort of 50/50 World between desktop and phones which is obviously really different than some other parts of the world where that it may be 80/20 or 90/10. [43:33] Right yeah I got two expense that so I can you know make it part of our part of our. Jason: [43:38] If we get our new app tops in time then we're all shopping on our laptops otherwise we're all shopping on our floor. Taylor: [43:42] Exactly. Jason: [43:45] But it wasn't a or we could talk all day I know you're in super high demand this this time of year and and you know quite frankly not in demand at all the rest of the year so I'm sure we'll talk again when. When you're less popular, but this was awesome we really appreciate your time as always if folks want to continue the conversation or have questions you can hit us up on, on the Twitter or the Facebook page, and as always if you got value out of this show we sure would appreciate it if you'd go on to iTunes and give us that five star Christmas review. Taylor: [44:19] That's what I'm going to do Jason. Scot: [44:21] Awesome we push it if that's aren't your gift to us and it's digital so we don't have to worry about Supply pain if I think in past years you guys have set up kind of a cool holiday news Hub is that something you're going to do this year and we're world where will we find them. Taylor: [44:37] It will be there I need to get you the URL we can put the URL in a link to this if you guys are watching this online I will make sure you guys have it before we got there but yes there will it'll be there. Scot: [44:47] All right we really appreciate the time. Taylor: [44:50] Right thank you guys I really appreciate Scott real patient appreciate Jason happy to do this anytime. Jason: [44:56] We appreciate you Taylor and until next time happy commercing!
Erik Cabral, Serial Podcaster, Investor, and Founder of OnAir Brands, sits down with Shawn and Lacey to talk all things podcasting for your business. He shares his story of his transition from being unfulfilled in the corporate grind to real estate investing and now enjoying the fruits of building a podcast empire!Main Points:7:00 - What it means to be a veal in a box...11:15 - How I had to eat ALL the Humble Pie13:30 - Podcast has created more access to great minds like Gary V, Tony Robbins...19:30 - Why Every Business Needs A Podcast20:00 - How Easy It is to get started podcasting with the Anchor App22:00 - 99% Yes Rate to be a guest on my podcast23:00 - Why You Shouldn't Be Afraid to Start A Podcast24:15 - Do this before you start a podcast...26:15 - The Expectations You Should Have When You Start a Podcast29:30 - The ROI on Your PodcastErik Cabral left corporate America after 20+ years. He jumped head first into real estate investing in order to achieve financial freedom. Educating himself, building networks, and analyzing hundreds of deals he purchased his first multi-family building in less than one year. He's a partner in the Renault Winery & Resort, which is the 3rd oldest winery in the US, offers private capital to his network of investors for various projects and looks for opportunities to expand and grow his network.Erik is the founder of the media agency, On Air Brands; the innovative networking and podcasting event PodMAX; the real estate investment company Mindado Investment Group; host, co-host, and producer on multiple shows: Entrepreneurs Circle, Capital Hacking, On Air Brands LIVE, Cashflow Ninja, the Hidden Entrepreneur and True MultiFamily. With multiple businesses, partnerships, and podcasts Erik is the quintessential “serial entrepreneur” who spends much of his time helping others grow their businesses, brands, and reputation.Connect with Erik:https://www.erikcabral.co/https://www.facebook.com/erikecabralhttps://www.linkedin.com/in/erikcabral/Make sure you check out OnAir Brands!https://podmax.co/
For tonight's Man Torque feature... we are joined by Tumiso Mashaba, award-winning journalist, writer, producer and father to unravel everything what it is to grow a man, as based on his new book 'A Father is Born', a memoir about the intangible scars inflicted by those closest to us that we carry from childhood into the rest of our lives. Covering themes of fatherhood, masculinity, general trauma, abuse and mental health, this book unveils the portrait of what it is to be a family trying to survive against the backdrop of a gritty modern South Africa. See omnystudio.com/listener for privacy information.
For tonight's Man Torque feature... we are joined by Tumiso Mashaba, award-winning journalist, writer, producer and father to unravel everything what it is to grow a man, as based on his new book 'A Father is Born', a memoir about the intangible scars inflicted by those closest to us that we carry from childhood into the rest of our lives. Covering themes of fatherhood, masculinity, general trauma, abuse and mental health, this book unveils the portrait of what it is to be a family trying to survive against the backdrop of a gritty modern South Africa. See omnystudio.com/listener for privacy information.
This episode is a recording of a webinar hosted by the Corporate Taxpayers Association and Minerals Council of Australia to discuss the practical issues arising from the ATO's draft practical compliance guide on Intangible arrangements.The speakers were Chris Ferguson from the ATO, Kurt Burrows from Anglo American, our very own Greenwoods transfer pricing partner David Bond and litigation partner Hugh Paynter from Herbert Smith Freehills.Want to go deeper?Greenwoods briefing note on the PCGATO PCG 2021/D4
One of the hottest words in business circles for talking about creating value in an enterprise is “moat,” like the moat around a castle. Have you as a leader helped your organization create a formidable moat, a strong competitive advantage? And what's your enterprise's vulnerability? Join Kevin as he moves from medieval castles to Warren Buffet to the eternal Kingdom of God to define what it takes to truly obtain and sustain long-term success in your organization! // Download this episode's Application & Action questions and PDF transcript at whitestone.org.
Welcome to Finance and Fury. In this episode, we will be looking at investing using a moat. Moats are an effective tool for defence historically – you would put one up around a fortified structures – such as a castle or town – can be filled with water or not, many different types and variations – but the whole aim is to make a location more defensive from attacks – so what does a moat have to do with investing? Well – in this episode we aren't talking about defending your castle from some medieval invaders – we are talking about moats that can be identified to provide some defence for your investments – in particular – we will focus on Economic Moats - What is an economic moat? An economic moat – simply put – is the ability of a business to maintain a competitive advantages over its competitors This – like a moat around a castle - helps a company to protect its long-term profits and market share from competing firms – which in this analogy would be the attackers a competitive advantage is essentially any factor that allows a company to produce goods or services better, or more cheaply than its competitors – this means that this company is likely to outperform its competitors due to capturing a larger market share and therefore, generating better profits Castles also had competitive advantages – you could place one on top of a hill – or have a drawbridge across a moat – making it harder to breach the gates – no two castles were exactly the same, as the landscape and designs of the time all vary from location to location This is the same when looking at shares in a company - When talking about companies – a competitive advantage is evident if the company has been able to maintain a market share due to a combination of different competitive advantages – essentially putting it in a monopolistic or oligopolistic environment Different types of economic moats – There are several ways in which a company creates an economic moat that allows it to have a significant advantage over its competitors – we will go through 6 types – But by no means are these all-inclusive - Cost Advantage - a cost advantage that competitors cannot replicate can be a very effective economic moat. Companies with significant cost advantages can undercut the prices of any competitor that attempts to move into their industry, either forcing the competitor to leave the industry or at least impeding its growth. Companies with sustainable cost advantages can maintain a very large market share of their industry by squeezing out any new competitors who try to move in. Successful Resource companies often have a cost advantage over their competitors – when you look at this industry – the price of the materials can vary – but if you have the lowest costs – you can weather the storm BHP – has a cost base of just under $12 per tonne for iron ore – this is the cheapest in the industry – when prices plummet to $40 – they are still making $28 – a good margin – when the prices are around $125 – they are making a killing The next best is Fortescue with $15 per tonne – but that $3 is still a large difference – 25% more in costs This comes with economies of scale – which leads into the second competitive advantage Size Advantage - Being big can sometimes, in itself, create an economic moat for a company At a certain size, a firm achieves economies of scale where there can be synergies between businesses – or they can control the supply chains as well This is when more units of a good or service can be produced on a larger scale with lower input costs. This reduces overhead costs in areas such as financing, advertising, production, etc. Large companies that compete in a given industry tend to dominate the core market share of that industry, while smaller players are forced to either leave the industry or occupy smaller "niche" roles. High Switching Costs – This is a tricky tool that companies can use – increase the costs to switch between them and their competitors products Thinking about Apple and Android for a second – I have had a Samsung phone for about 13 years now – after having an iphone for about 2 years prior – I made the switch, but I remember the difficulty in not only switching IOS – but also the transfer of contacts and data – it is almost like starting from scratch This is where the size advantage can also come into benefit - When a company is able to establish itself in an industry, suppliers and customers can be subject to high switching costs should they choose to do business with a new competitor. Competitors have a very difficult time taking market share away from the industry leader because of these cumbersome switching costs. Intangibles - Another type of economic moat can be created through a firm's intangible assets, which includes items such as patents, its brand, government licenses and other factors which give it the edge over competitors – such as loyalty Strong brand name recognition allows these types of companies to charge a premium for their products over other competitors' goods – generic brands versus the house hold names - Patents or IP can also block any competitors from entering your industry Barriers to entry – This can either be in the form of legislative restrictions or a high cost of capital to enter the industry Airlines are an example – as well as other highly regulated entities – can have not only legislative hurdles to overcome, but also upfront capital – Which can be hard to raise – either need wealthy investors, or banks to lend – which they are not that likely to do unless it is a low risk enterprise for them – smaller loans of $1m are not too great a risk – but loans in the hundreds of millions to start a larger company are almost impossible for a start up to come by Soft Moats - Some of the reasons a company might have an economic moat are those factors which are harder to quantify – this might be from exceptional management or a unique corporate culture – this is because a unique leadership and corporate environment can contribute to a company's ability to generate a competitive advantage, adding to their success and profits Economic moats are generally difficult to pinpoint at the time they are being created. Their effects are much more easily observed in hindsight once a company has risen to great heights. From an investor's view, it is ideal to invest in growing companies just as they begin to reap the benefits of a wide and sustainable economic moat. In this case, the most important factor is the longevity of the moat. The longer a company can harvest profits, the greater the benefits for itself and its shareholders. Many of the best businesses often encompass more than one of these economic moats – let us look at a hypothetical example - Say there is company A – and they have sent all of their production overseas, whilst there competitors are domestic – this has reduced their labour costs and costs of production by around 40% - this allows them to undercut the prices of competing companies producing the same product This low prices lead to an increase in the number of customers buying your good, as you are now – lets say 20% than the next competitors for the same product – from this - you see an increase in profits But - it probably wouldn't take very long for your competitors to notice that you have offshored and follow suit – therefore, now their cost decreases can match yours – and they can likely drop prices by around 20% more – or lets say they go to 25% decrease – which would eat into their profits by still make an additional profit of 15% instead of 20% - These other produces would start to lower this companies market share and profit – in response they may need to lower their prices as well However – lets say that you have been using your profits and investing in R&D – you develop a new technology that allows you to get 30% more efficiency out of your product – making it 30% better for the same price Over this time, your competitors will have no way of duplicating your methods – therefore, your competitive advantage is protected by your patent So in the end – your economic moat is the patent that you hold – not that you started producing overseas at a lower price In the end - a company's economic moat represents its ability to keep the competing companies at bay for a longer period of time – in a way that is not easily replicable As the strategy of offshoring was replicable – but the patent isn't The interesting thing about moats is that they have no obvious dollar value Real world examples – Amazon – Cost – Amazon have developed a low cost offering – often delivery is nothing, or lower cost than something like Aus post – the goods prices are also often the lowest in the market – due to supply chains that are straight to the producers Size – due to size, they have a massive distribution network – can get you anything, and in the quickest time Intangibles – have a major brand name – would have to go to some Amazonian tribe to find someone who doesn't know amazon – ironically talking about the company here soft moats – the soft moats relate amazons ability to lobby and have a legal department in every state to petition the local politicians for lower taxes and some subsidies to take business to the state – many other businesses don't have the clout of amazon to negotiate such deals These moats are all well and good – but how do they stand up over time - One of the basics of competitive market theory - is that, given time, competitors will adopt and adapt your practices – this can erode any competitive advantages enjoyed by a firm This is more likely to occur in nations with relatively free markets – where firms are allowed to competing for competitive advantages – if any company innovates and adopts a superior model – at a lower cost or better product – then other companies will copy as soon as possible – in a truly free market – there is nothing to stop these companies – therefore in the long term – it would be almost impossible for any company to maintain a long term competitive advantage – it would be gone, and better for us – we get better goods and lower prices But when it comes to a monetarily and politically controlled economy we live in – where do you look for competitive advantages – as they do exist – and are actually easier to pick than in a truly free market Frist – look for any companies with superior operations – this can mean that have the market share of sales, or excess profits in their industry, or the brand name recognition – The reason these two are important is that they are outside of normal market competition – existing larger companies have a competitive advantage over other companies that don't have the same political or economic influences that they do – this does disrupt what would occur in a theoretical free market – so reality does need to be accounted for It is important to identify what moats of the business are likely to last – and which can be replicated – i.e. is it a shift in business practice which can be easily replicated – or is it some form of competitive advantage that allows this company to stand alone Things like businesses practices can be replicated – but the political connections and lifeline protections are harder - This leads into the application of identifying moats and selecting shares Say you have identified a company with a moat – does this mean that you rush in and buy? Technically not – the second part of moat investing is all about the fair value of the company – This is where this style of investing does require some degree of value investing applied to it – so if you identify a moat company that is priced at $40, but has a fair value based around future cash flows of $30, you may not purchase this company This is for one major reason – back the concept of a moat – for defensive purposes – therefore, being more defensive, investors would purchase at a below fair value – or at the very least, not at a 30% increase in value In the end - The goal is to not just find businesses that have moats, but undervalued businesses that have moats – this is easier said than done - This strategy does sound great – but how well has it actually performed – due to being a value-based approach of undervalued businesses who possess a moat – a moat value investment strategy has underperformed other strategies Over the past few decades – when measuring purely based on return - index or a growth approach would have performed better This is where if a company has a real moat around it – it likely isn't trading below fair value – other investors would have identified the moat and purchased around this – an important factor may be ignoring the fair value approach – but at the same time not blowing it out of the water – Traditionally – fair value is paying a sum less than the fair value – but what about purchasing at the fair value – or 10% above? This is the real problem with this strategy – unless this is your fulltime job – the market will likely notice the moat before the individual investor So how do you apply the use of moats when it comes to investing – Individual shares – You can spend some time understanding the individual shares, or there are also some researchers that provide a moat rating – like Morningstar and you can get an idea of a company's potential from sites like simply wall street – these can be a useful tool Active managed funds – You can look at some fund managers who use moats and value approaches – or at the very least a moat approach – especially in the large to mid-cap of the market this strategy has historically worked well to protect a downside ETFs – There are a few ETFs that tilt a portfolio to focus on certain factors, like moats through the quality of the companies Summary - All businesses have some sort of competitive advantage – especially once they get to the size of being listed on the market So, it can be side to assume that once a business has grown and survived long enough to get listed on a share market – there is some advantage – but is it a long-term competitive advantage? Or can competitors catch up and perhaps even overtake it? The idea of moat investing is to identify companies with competitive advantages that can persist long term and then invest if the price is attractive This can help a portfolio limit risks where the underlying investments can maintain their market share and continue to deliver performances Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/
Episode Summary: In today's edition of Business Tip of the Month, we're joined by Justin Kuperberg, Chief Development Officer at NPP. Our discussion centers on what we believe are the three things that owners should consider when thinking about the future of their business: legacy, net worth, and intangibles. Listen in as Justin speaks on the common factors that sellers overlook when selling their business and the steps that immediately follow. He also encourages sellers to put themselves in the shoes of their buyer, and in fact for sellers to make sure that they are nurturing a relationship with the buyer that results in both parties experiencing total confidence throughout the transaction. Topics Discussed: 00:42 - A brief introduction to Justin 02:52 - Legacy and considerations around selling your business 06:00 - Net worth and getting clear on your balance sheet 08:13 - Building a business versus running a business 09:38 - Negotiating with your company's potential buyer 10:59 - Intangibles and tying up loose ends following the sale 12:55 - Finding the right buyer Connect with Guest: Website Facebook LinkedIn Connect with Pool Chasers: Website Instagram Facebook Facebook Group Twitter YouTube Patreon Key Quotes from Episode: Every deal is different. There are owners that are concerned with the financial aspects of the deal. There are owners that are concerned with their employees. [...] Those are questions that an owner needs to think about, write down, and quiz potential buyers of their business to understand the exact ramifications of what will happen to what they've built. What you're taking out of the business takes a degree of introspection to analyze. As a seller, before you engage in that conversation, you should be thinking about all the things that are important to you, whether it's, “What will my children think?” or, “What will happen to the holiday party we do every year?” Those are all valid questions that I answer all day long because those are all unique aspects of every deal and important in their own right to the individual sellers. This is a relationship. As a seller of a company, you should be speaking to other people that have gone through the exact same mental exercise that you're going through now and talk to those people about how their experience was. [...] If you can't have access to those people, or if you can't have those conversations, you should pause.
Today we discuss the intangible benefits, or non-baseball benefits, of travel ball. (We will save the benefits of community rec ball and little league for another day :) We thought it would be fun to have a veteran travel ball mom join us to speak about long-term benefits she has been able to observe over a long period of time. So today we are joined by guest Sue Wood. Sue is a mom of 4 kids, aged 18-30. Her son, Zach Olszewski (25) played both little league and travel baseball out of Bay City, Michigan. Zach O was part of the founding Saginaw Bay Riverdawgs travel baseball team at 12 years old, in or around 2009, at a time when travel baseball at the youth level was almost non-existent in Mid Michigan. He played at John Glenn High School and then moved on to play D1 baseball at Bethune-Cookman University in Daytona Beach, Florida.Sue brings her expertise as a veteran baseball mom to the discussion about intangible benefits of travel ball. On Deck: We will be talking about baseball terminology you may not knowFollow Moms and Baseball:Keep up with Moms and Baseball on our website: https://momsandbaseball.comFollow us on Facebook, Instagram, and TwitterJoin our Facebook group, Parents and BaseballMentions:Episode 30: Mark Krzysiak - Coaching, Travel Ball, and Scouting "Turn-Ons" & "Turn-Offs"Episode 21: DadsTakeover - College RecruitingEpisode 28: Daddy BallEpisode 3: Moms and Baseball Mom Stereotypes
It wasn't always pretty, but CU took care of business against Northern Colorado in the 2021 season opener, defeating the Bears, 35-7. Stuart and Brad take a look at how the Buffs fared, from the missed opportunities on offense, to the strong - if at times undisciplined - effort of the defense, and whether a 28-point win over an FCS team had more positives ... or more causes for concern. Stuart and Brad then turn their attention to Texas A&M, which brings a Top Ten team into Mile High Stadium to face the Buffs. The "T.I.P.S." for the game will look at the Talent of the Aggies, the Intangibles for the game, Preparation or Scheduling concerns, and the Stats for the game which will be relevant to the outcome. This is the first Review/Preview of the 2021 season, with similar podcasts to be posted each Tuesday morning during the regular season.
“The more I trust myself, the more I listen to myself, the prouder I am of myself.” This episode's guest feels like a soul brother to me. Vipul Bhesania and I had an instant resonance when we first met, and since then we've had so many profound conversations on and off the mic. The conversation we recorded together for this episode was so rich.We took a meandering path through many concepts - covering everything from soul truths, to routines, rituals, and discovering what's right for you. You'll love this conversation if you're on the path of living an inspired life and are driven to connect deeper and deeper with your true self. Check out all the goodness… “I realized I'm the asset. I'm the one that provides value.” Vipul has a gift of expressing thoughts and emotions through words that connect with people on a really deep level. Through his work, Vipul inspires other people to seek their truth through his Know Your Legacy podcast, and his new book - ‘Searching in Silence'. In this episode, we explore: The power of cultivating self-awareness. The role of resonance in finding love and relationship. Connection as a currency. Surrendering the need to lead from the mind and make space for the heart. Intangible superpowers and how we're learning to own them. Creating space between identity and feelings.Understanding what you need in the moment and finding the ritual that works for you. Softening to hear the inner, inner voice. And more... “I trust the skills that I've adopted and the level of intuition that I've adopted along the way to guide me. And so, I'm going to make a decision that may be completely random to other people but for me, it seems like the right thing to do.” In a world with so much external noise, learning to dive deep into your core knowing can provide you with the guidance, courage, and certainty you need to stay grounded in a life you love. This episode holds many clues that can help you walk this path with grace and ease. Contact Info:www.vipulbhesania.comInstagram - https://www.instagram.com/vipulbhesania/Summary/ Call to Action: We thrive on your feedback, so if you've enjoyed this show, please rate us and leave us a review. And don't forget to subscribe to ensure you never miss an episode again. See acast.com/privacy for privacy and opt-out information.
What is the one thing you are harvesting this summer that isn't in your garden basket? Do you have something you are learning and processing through the work in your garden or is the garden speaking something to you?As always if you desire to dive deeper into these meditative conversations our community heads far deeper with them with journal prompts and zoom conversations. Join our newsletter to learn how to join. See acast.com/privacy for privacy and opt-out information.
We've looked at if the Pelicans offense and defense are improved but what about all the intangibles like basketball IQ, clutch, hustle? Jake breaks down why he thinks this is the biggest improvement for the Pels this offseason. Plus, Trey Murphy makes the All-Summer League First Team and we have Zion Williamson's NBA 2k22 rating. Support Us By Supporting Our Sponsors! SweatBlock Get it today for 20% off at SweatBlock.com with promo code LockedOn, or at Amazon and CVS. Built Bar Built Bar is a protein bar that tastes like a candy bar. Go to builtbar.com and use promo code “LOCKED15” and you'll get 15% off your next order. BetOnline AG There is only 1 place that has you covered and 1 place we trust. Betonline.ag! Sign up today for a free account at betonline.ag and use that promocode: LOCKEDON for your 50% welcome bonus. Rock Auto Amazing selection. Reliably low prices. All the parts your car will ever need. Visit RockAuto.com and tell them Locked On sent you. Indeed Get started RIGHT NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/LOCKED Theragun Try Theragun for THIRTY-DAYS starting at only one hundred ninety-nine dollars. Go to Therabody.com/LockedOn RIGHT NOW and get your Gen 4 Theragun TODAY. Learn more about your ad choices. Visit podcastchoices.com/adchoices
This is the SWAV Podcast Reloaded and in this Episode we talk about the Intangibles of Content. Content is Something that you can't always see what the ROI is, but the Content will change the Trajectory of your business if you give it time. Content is the Fuel of every DTC Brand because Content Creates Attention that you can Funnel people to your Website and collect Data and Convert into a Customer. Without Content you will be a Confused Sitting Duck.
In this episode I show you my formula for how to sell something that is largely intangible and hard to communicate. So if you are trying to sell something intangible and aren't quite sure how to do it, this is the episode for you.
"The teacher's primary job is to be an example." Beyond academics, a classroom is a place where students learn values, or as Anna Ingham called them, "the intangibles." In this insightful episode Andrew and Julie discuss the importance of modeling good character for your students and talk about some of the intangible lessons Andrew tries to instill when teaching writing. REFERENCED MATERIALS Dr. James B. Webster Anna Ingham Blended Structure & Style in Composition by Dr. James B. Webster Teaching Writing: Structure and Style Structure and Style for Students 12 Rules for Life: An Antidote to Chaos by Jordan B. Peterson "Make Your Bed Speech" by Navy Seal, Admiral William McRaven Remember to send your questions to Podcast@IEW.com, and perhaps yours will be answered the next time we Ask Andrew Anything (AAA). If you have any questions about IEW or our products, do not hesitate to contact our Customer Service Team at 800.856.5815 or Info@IEW.com
The Philadelphia Phillies drop 2 of 3 against the Pirates lol. Let's talk a bit about Bryce Harper's intangibles and leadership. Check out my sponsors! Orbit Energy & Power: www.orbitenergy.us or Call (800) 836-3987. DraftKings Code: BRODES Use promo code BRODES! Head to the app NOW to check out all of the great odds and promotions DraftKings Sportsbook offers! URL Here: See www.draftkings.com/sportsbook for full details.
On today's episode Brandon decides to jump into the time machine and reshare an episode from 2019. In it, Brandon discusses the concept that the intangible is as (or more) important as the tangible, and how as budding artists of manifestation we must learn to appreciate, acknowledge, and proactively work with intangible energies. Ready to Travel? Sign up for a free year membership when you use code ‘phfreeyear' for the yearly plan at HelloVacay.com and get up to 50% off hotels and other accommodations. Download The Golden Key audio or e-book at GoldenKey.Gift with the Code: POSITIVEHEAD Care to play a game with the youniverse? positivehead.com/youniverse Text Brandon to receive regular golden nuggets of wisdom at 310.564.0750
Sidney Quitorio is the Founder of Purple Rose Supply & Native Leaf Co.. Purple Rose Supply's main product is their CannaMold AKA a Cannagar, which is an all cannabis cigar made by compressing cannabis around a skewer and then rolling it with hemp or cannabis fan leaves. The process of compressing the cannabis around a skewer creates a slow-burning, full-flavored roll that lasts for hours. This type of compressed roll was originally known as a “Thai Stick”. The term Cannagar was newly created to signify a Thai Stick rolled in fan leaves.Native Leaf Co offers natural wraps made from 100% hemp that let you smoke the way nature intended.|ShowSponsor|"YOUR BALLS WITH THANK YOU"Use Promo Code "TheGuestList" to receive 20% OFF AND FREE SHIPPING upon checkout.https://www.manscaped.com/|SidneyQuitorio|-PurpleRoseSupply.com-NativeLeafCo.com|JakeGallen|-Instagram-Twitter-Facebook-Linkedin|TimeStamps|0:00 - Introduction 1:30 - Smoking Style 4:00 - Why leave Silicon Valley?7:49 - The Software Engineer Mindset 10:41 - Purple Rose Supply & Native Leaf Co. Mission15:02 - Startup Process of Native Leaf Co. 19:21 - "Clean" Leafs & Products 27:20 - Native Leaf Co. Sales & Distribution 29:30 - Story of Purple Rose Supply & the CannaMold35:40 - Manscaped Promo 37:30 - Scaling & Marketing40:00 - Innovation 42:50 - Community 47:04 - Tony Hseih49:51 - Leadership & Intangibles 54:33 - Following your Curiosity59:32 - What does Las Vegas mean to you? |LISTEN and SUBSCRIBE to the platform of your choice|-Apple Podcasts-Spotify-Google Podcasts-Amazon Podcasts-Youtube (VIDEO RECORDINGS)