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“Christian simplicity empowers us to go to new depths in life and love. It removes the extraneous. Perhaps there is no place where simplicity is more important than in our basic understanding of what it means to be a disciple of Jesus Christ.” — Phil Stout
Guest pastor Phil Stout addresses the concept of being still in knowing God using Psalm 46.
In this episode, Domenic and Phil Stout discuss: Phil’s background and how he and his wife were led to owning a small business Becoming comfortable in a new industry Preparing ahead of time to buy a business Owning a business with your partner Key Takeaways: When looking for a business to acquire its key to have a list of requirements that are important to you as an individual Have a realistic expectation of what cashflow will be expected Have a good division of labor that focus on each other’s strengths in a partnership A good ‘elevator pitch’ will create a much smoother process later, establishing a good rapport "Deal fatigue is a real thing. Making sure that we’re not overwhelming the sellers who have to run a business still, was a huge thing we tried to focus on." — Phil Stout About Phil Stout: As the new owners of Sizzle Productions, a 16-year-old staging company, Ashley and Phil Stout stage vacant properties across the Chicagoland area, catering to homeowners, developers and top-producing real estate professionals. Phil and Ashley strive to strike the right balance between aesthetics and function so that buyers can easily envision how they would live in a property. They can make any space “sizzle,” with current staged properties ranging in list price from $140,000 to $2.2 million. During their first year owning the business, Ashley and Phil not only maintained the company’s previous sales numbers but beat them. “Seeing existing customers reach out to partner with us on properties again and again is reassuring and gives us confidence in our decision,” Ashley says. “We are particularly proud of two new construction luxury listings for the same client. The properties hadn’t moved for some time but had offers shortly after we installed the staging.” Prior to Sizzle Productions, Ashley and Phil both had been working outside of the real estate industry. Ashley had a career in human resources, and Phil was a mergers and acquisitions consultant. After the birth of their second child, they decided it was time to switch directions. Phil applied his M&A skills to identify a business to invest in. “We were looking for an opportunity to work together as a team and have always had a passion for real estate,” Phil says. “The process of buying a business is very much like dating, and after meeting with the prior owners, who also happened to be a husband-and-wife duo, we just clicked.” Phil and Ashley have been running Sizzle Productions since November 2018. “Our clients appreciate the ease and simplicity of working with us, from quote to staging pickup,” Phil says. “We work great as a team and are truly interchangeable, which allows us to be very flexible for clients. This has helped us deliver a relatively simple and hassle-free experience.” Ashley and Phil focus on providing a stellar customer experience to set themselves apart. “We follow our clients’ properties through the sales cycle, review photos and learn from them. Our excitement comes from getting email alerts that a property has gone contingent or pending. We celebrate each one,” Ashley says. Phil and Ashley are Chicago-area natives, and when they’re not working, they enjoy spending time with their two young daughters. Connect with Phil Stout: Twitter: sizzle-productions/ Facebook: https://www.facebook.com/chicagohomestaging Website: sizzlehomestaging.com/ Email: contact@sizzlehomestaging.com LinkedIn: sizzle-productions/about/ Phone: (630) 319-9600 Connect with Domenic Rinaldi: Sun Acquisitions Website: www.sunacquisitions.com M&A Unplugged Website: www.maunplugged.com Email: marketing@sunacquisitions.com Linkedin: Domenic Rinaldi: https://www.linkedin.com/in/domenicrinaldi/ Sun Acquisitions: https://www.linkedin.com/company/sun-acquisitions-llc/ Facebook: Sun Acquisitions: https://www.facebook.com/sunacquisitions/ M&A Unplugged: https://www.facebook.com/MAUnplugged/ Twitter: @SunAcquisitions https://twitter.com/SunAcquisitions @M_A_Unplugged https://twitter.com/M_A_Unplugged Instagram: @sunacquisitions https://www.instagram.com/sunacquisitions/ @ma_unplugged_podcast https://www.instagram.com/ma_unplugged_podcast/ YouTube: Sun Acquisitions: https://www.youtube.com/channel/UCm6H7kkMD6nnXFuHgqx9Ikg Show notes by Podcastologist: Kim Mavy Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.
Guest Speaker: Dr. Phil Stout
Guest Speaker: Dr. Phil Stout
Oh my goodness. This is an episode filled with SO much greatness. We cover so much in 40 minutes from Christmas to living in a place of love, gratitude and grace to looking at the big picture of life instead of getting lost in the nuts and bolts and so much more. Phil talks about the birth of Jesus and includes a twist on the story that really blew my mind. My biggest takeaway: "On basically the darkest day of the year we celebrate that the light came." Phil Stout is a preacher, teacher and writer. After serving for more than thirty years as a pastor, Phil is an adjunct professor teaching leadership and social justice. He also ministers to patients in hospice care and is a bereavement counselor. Phil views his faith as a journey, and says he’s always in “discovery mode, trying to learn all I can about what it means to follow Christ and to be an agent of His grace.” Phil and Carol have been married for forty-one years. They are the proud parents of three awesome kids, two fantastic kids-in-law and some amazing grandchildren. To connect with Phil: philstout.com To subscribe to the daily devotion emails: https://jaxnaz.us10.list-manage.com/subscribe/post?u=8c181c0fc3331c0a7f42d2dc4&id=0d943b9574 Learn more about Danielle Atkisson and The Silver Lining Life: Website Facebook