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  • What It Takes To Bring A Startup To Life with Andrew Gazdecki

    What It Takes To Bring A Startup To Life with Andrew Gazdecki
    2023/02/22
    Andrew Gazdecki is the CEO of MicroAcquire, a company that helps startups get acquired in as little as 30 days. The company has closed over $ 500 million worth of deals and aims to establish itself as the most founder-friendly acquisition marketplace for startup owners. Andrew has always been an entrepreneur, which started in his teen years when he started selling on eBay. His first official experience as an entrepreneur was when he founded Bizness Apps in 2010, which was successfully acquired in 2018 by ESW Capital. Andrew is also the author of Getting Acquired: How I Built and Sold My SaaS Startup, where he talks about how he founded a startup without any real work experience. Andrew joins me to discuss where his entrepreneurial journey started and how building iPhone apps eventually led to his big financial break. He shares his thoughts on the luck aspect of owning a successful business and explains that startups are more about motivation and grinding than intelligence. He also describes why he saw Blockchain as ‘the next big thing’ a few years earlier and shares actionable advice to entrepreneurs building a business while raising a family.   "Building startups is a game of mental endurance, taking care of yourself, and not getting too high on the wind." - Andrew Gazdecki   This week on the Expensive Advice Podcast: Andrew's entrepreneurial journey How the iPhone inspired Andrew to build apps as a career Andrew's thoughts on being lucky as a business owner Blockchain and how its potential is like the smartphone and the internet Andrew’s perspective on being positioned to sell from day one The importance of enjoying your work as an entrepreneur Andrew's advice to those new to building a startup What's in the pipeline for MicroAcquire? Andrew's advice to entrepreneurs juggling building a business while raising children Connect with Andrew Gazdecki: MicroAcquire Andrew Gazdecki on LinkedIn Andrew Gazdecki on Twitter Andrew Gazdecki Official Website Turning Boring Money into FUN Money Thanks for tuning into this week’s episode of Expensive Advice. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts | GooglePlay | Stitcher | Spotify | Amazon Music | iHeart | Android | Podchaser | Deezer Be sure to share your favorite episodes on social media to help us reach more listeners like you. Join us on Facebook and LinkedIn. For more exclusive content and information, visit our website.
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    45 分
  • E37 Separating Yourself from Your Personal Branded Business

    E37 Separating Yourself from Your Personal Branded Business
    2023/02/13
    Selling a business is often a standard process, but not if you’re selling a personal branded business—especially if it has your name on it. The awkward and complex processes involved in transferring ownership of such a business can be further exacerbated by emotional resistance. How do you go about selling a personal branded business? What should you do to separate from a company named after yourself? In this episode, I share my thoughts on selling personally branded businesses and what owners can do to ensure the transition is smooth for both the buyer and seller. I outline the different options for sellers and why it’s critical to have succession plans. I discuss how to find the value in the company you’re selling and why your competitors are a good reference. I also describe why rushing your succession plan is a bad idea. "If you're a personal branded business, don't be discouraged by this notion that you can't exit." - Adam Rundle This week on the Expensive Advice Podcast: The selling options available for personally branded businesses Creating succession in your business Finding the value of your business during the selling process Some of the most effective ways of moving away from your business How competitors can help you sell your business   Turning Boring Money into FUN Money Thanks for tuning into this week’s episode of Expensive Advice. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts | GooglePlay | Stitcher | Spotify | Amazon Music | iHeart | Android | Podchaser| Deezer Be sure to share your favorite episodes on social media to help us reach more listeners like you. Join us on Facebook and LinkedIn. For more exclusive content and information, visit our website
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    9 分
  • E36 Planning around The Perfect P&L

    E36 Planning around The Perfect P&L
    2023/02/06
    The overarching goal of every business plan is to make more money. One of the critical ways of determining if your company is operating on a profit is by checking its profit and loss statement (P&L). The P&L is a summary of incurred losses and earnings over a period. What does the perfect P&L look like, and what metrics should you use to see if you have it? In this episode, I define the perfect P&L and describe how we use it for our clients in Clever Profits. I explain how this concept originated and how it’s designed to maximize a company’s profitability. I describe the various metrics to use to determine P&L. I also share best practices in analyzing business performance and how to get the outcome you set out for. “The perfect P&L is the foundation of a framework to maximize the performance of businesses and clients we're working with.” - Adam Rundle This week on the Expensive Advice Podcast: Understanding how the perfect P&L works Where the concept of the perfect P&L started How to use the perfect P&L to maximize profitability Why profitability isn't the end all be all The variables used to determine perfect P&L Finding your company's key drivers for higher profits Knowing your profit margins and other questions to analyze performance Applying reverse engineering to identify your desired outcome   Turning Boring Money into FUN Money Thanks for tuning into this week’s episode of Expensive Advice. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts | GooglePlay | Stitcher | Spotify | Amazon Music | iHeart | Android | Podchaser |Deezer Be sure to share your favorite episodes on social media to help us reach more listeners like you. Join us on Facebook and LinkedIn. For more exclusive content and information, visit our website.
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    32 分
  • E35 Risks of Buying a Personalized Brand of Business with the Advisory Team

    E35 Risks of Buying a Personalized Brand of Business with the Advisory Team
    2023/01/23
    Buying a company is always exciting—the prospects of growth and inheriting something already established and ready on day one can offset the pressure of starting a business from scratch. However, particular risks are associated with purchasing an organization. What are the common mistakes buyers make in company acquisitions? How do sellers ensure that their companies are sold on their terms? In this episode, we discuss common setbacks in buying a personalized brand of business. We identify the questions buyers and sellers should ask before proceeding with a transaction. We explain how the concept of succession planning applies to acquisitions. We also describe how owners can protect their best interests during a business transaction.   "Most people don't like approaching competitors, but that might be the best avenue for you to get the best value out of your exit." - Jean-Luc Johnstone   This week on the Expensive Advice Podcast: How to separate the owner from the business Defining succession planning and why it matters in business transitions Preparing yourself by way of succession planning Selling only parts of your business upon exiting Surrounding yourself with the right people to get your desired outcome   Connect with Matt Smith and Jean-Luc Johnstone: Matt Smith on LinkedIn Jean-Luc Johnstone on LinkedIn   Turning Boring Money into FUN Money Thanks for tuning into this week’s episode of Expensive Advice. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts | GooglePlay | Stitcher | Spotify | Amazon Music | iHeart | Android | Podchaser | Deezer Be sure to share your favorite episodes on social media to help us reach more listeners like you. Join us on Facebook and LinkedIn. For more exclusive content and information, visit our website.
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    34 分
  • E34 Knowing Price and Value from a Buyer and Seller Perspective

    E34 Knowing Price and Value from a Buyer and Seller Perspective
    2023/01/16
    Business owners tend to overvalue their companies when it’s time to sell them, which can be a problem when a buyer is interested and both parties collide on how much the business really costs. To avoid this conflict, you must first see your business from a buyer’s perspective. It all starts with knowing the difference between your company’s value and price.   In this episode, I discuss the critical differences between value and price in the context of selling a business. I explain the importance of knowing your buyer’s perspective before, during, and after the sale. I share some of the questions buyers ask when they’re interested in your company. I also describe why SaaS companies aren’t valued for their profitability.   "A seller and buyer have a certain view on the value, and they don't quite align." - Adam Rundle This week on the Expensive Advice Podcast: The similarities and differences between price and value How to use price and value when selling a company Questions to think about when buying something Why SaaS companies are valued on revenue as opposed to profitability What a seller is actually selling a buyer   Turning Boring Money into FUN Money Thanks for tuning into this week’s episode of Expensive Advice. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts | GooglePlay | Stitcher | Spotify | Amazon Music | iHeart | Android | Podchaser  Deezer Be sure to share your favorite episodes on social media to help us reach more listeners, like you. Join us on Facebook and LinkedIn. For more exclusive content and information, visit our website.
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    7 分
  • E33 Ten Common Mistakes in Acquisitions with the Advisory Team

    E33 Ten Common Mistakes in Acquisitions with the Advisory Team
    2022/12/21
    Whether you’re on the selling or buying side of an acquisition, the details in between can get a little too complex if you don’t have the right people giving you advice along the way. That is why there are many instances where transactions fall through. How do you avoid disputes arising before, during, and after an acquisition?   In this episode, we discuss the ten common mistakes business owners make in acquisitions and how to prevent them from happening. We describe the challenges of leading a business in the middle of an acquisition. We explain why most owners don’t know why they’re selling their companies in the first place. We also offer insight on understanding how the buyer’s idea of your company’s value differs from yours.   "Just because you know your business the best doesn't mean doesn't mean you're the best at selling it." - Matt Smith   This week on the Expensive Advice Podcast:   The difficulty of keeping things balanced when handling your first deal What to be aware of during the first offer Understanding the value of your business Knowing how your buyers value your business Knowing the value of the culture after the business is sold Hiring the right person to sell your business Why most owners don't know why they're selling their business Being aware of business blindspots during transactions   Resources Mentioned:   Stock Sale vs Asset Sale with the Advisory Team   Connect with Matt Smith and Jean-Luc Johnstone:   Matt Smith on LinkedIn Jean-Luc Johnstone on LinkedIn   Turning Boring Money into FUN Money Thanks for tuning into this week’s episode of Expensive Advice. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts | GooglePlay | Stitcher | Spotify | Amazon Music | iHeart | Android | Podchaser  Deezer Be sure to share your favorite episodes on social media to help us reach more listeners, like you. Join us on Facebook and LinkedIn. For more exclusive content and information, visit our website.
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    44 分
  • E32 The Process of Managing Change with Adam Rundle

    E32 The Process of Managing Change with Adam Rundle
    2022/12/09
    Being a good leader means adapting to disruptions and initiating changes that benefit the organization and its people in the long term. However, conjuring optimal transformations and actually applying them are two different beasts. One wrong move, or one change done too hastily, can lead to friction between you and your workers. How does a leader manage change without being on the receiving end of employee resistance?   In this episode, I explain how leaders can manage people as they apply changes to the organization. I describe how 2022 has been a year of change for CleverProfits. I outline the factors to consider when thinking about restructuring an organization. I discuss how to address any resistance or confusion during the transition period. I also share the importance of consensus and having resources when making changes.   "By nature, leaders may overlook resources or incentives or skills people have because they're so focused on vision." - Adam Rundle   This week on the Expensive Advice Podcast:   The process of managing change in 2022 for CleverProfits Navigating changes effectively to get to the outcome we want What you need to execute the changes you want to see in your organization Addressing the confusion experienced by your team when instituting change Making sure you see every blindspot when making organizational changes   Turning Boring Money into FUN Money   Thanks for tuning into this week’s episode of Expensive Advice. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts.   Apple Podcasts | GooglePlay | Stitcher | Spotify | Amazon Music | iHeart | Android | Podchaser  Deezer   Be sure to share your favorite episodes on social media to help us reach more listeners, like you. Join us on Facebook and LinkedIn. For more exclusive content and information, visit our website.
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    8 分
  • E31 Planning for Parenthood and Beyond with Kaitlyn Carlson

    E31 Planning for Parenthood and Beyond with Kaitlyn Carlson
    2022/11/30
    EA031 - Planning for Parenthood and Beyond with Kaitlyn Carlson  Kaitlyn Carlson, CFP®, CEPA®, AWMA, is the CEO and founder of Theory Planning Partners, a boutique wealth advising company that caters explicitly to top female entrepreneurs in the United States. Kaitlyn founded the business after observing the vast support for male multi-millionaires and billionaires, seeking to help close the gap for their female counterparts. Kaitlyn specializes in exit planning, which involves helping business owners plan for the sale of their businesses with a focus on retirement.  Kaitlyn joins me today to describe her professional journey and why she pursued a career in wealth creation and retirement planning. She explains what motherhood is like and how she manages to balance her family and career. She differentiates between building an enterprise and a lifestyle business. She discusses the type of clients she likes to work with and what it means to be intentional in wealth management. Kaitlyn also reveals what parents can learn from their children and how it can translate to their professional lives.    “Your savings is going to be what secures your financial independence.” - Kaitlyn Carlson  This week on the Expensive Advice Podcast:  Kaitlyn Carlson and how she found her way into the financial industry  How pregnancy and parenthood change your career plans  Building an enterprise versus a lifestyle business  The best time to start preparing for retirement  Having intentionality behind your financial planning The tipping point in the private wealth space  Kaitlyn’s thoughts on money and whether you can have too much of it  How to wrap your mind around starting from the bottom  What parents can learn from their children  Kaitlyn’s upcoming projects and thoughts on motherhood  Connect with Kaitlyn Carlson:  Theory Planning  Kaitlyn Carlson on LinkedIn  Email: kaitlyn.carlson@theoryplanning.com    Turning Boring Money into FUN Money    Thanks for tuning into this week’s episode of Expensive Advice. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts.   Apple Podcasts | GooglePlay | Stitcher | Spotify | Amazon Music | iHeart | Android | Podchaser    Deezer   Be sure to share your favorite episodes on social media to help us reach more listeners, like you.   Join us on Facebook and LinkedIn. For more exclusive content and information, visit our website. 
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    48 分