Expensive Advice with Adam Rundle

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 th...

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 ...

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 setba...

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 pri...

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 pre...

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 epi...

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. Kaitl...

EA030 – Debt’s Impact on the Selling Process with the Advisory Team

When a company needs to scale, it will almost always incur debt. This adds a layer of risk when purchasing a company, as you also have to consider inheriting that debt. While debt itself won’t make the transaction volatile, owners and advisors should assess whether it would be to their advantage to proceed. What are the questions you have to ask about debt? Can y...

Sean Pastuch is the founder and CEO of the company Active Life, the self-described bridge between healthcare and fitness. Sean conceived Active Life out of the need to innovate the current medical model by incorporating an emotional approach to pain management. He earned a degree in Chiropractic Care from Northeast College of Health Sciences and has worked for various fitness organizations, including CrossFit. Sean is also a coach ...

EA028 – Creating Executable Plans for Your Business

When we are trying to achieve any goal, we need to go through a planning phase. Whether the goal is to add a new revenue stream, launch a new product or service, or develop a new marketing campaign, strategic planning is the key to success. But there is a difference between planning effectively and theoretically—and the former is significantly more impactful than the latter.

T...

Every business owner must have a firm grasp of their company’s earnings—be it monthly, quarterly, or annual. There are plenty of metrics you can use to determine your profits and losses, and among them is what we call Seller’s Discretionary Earnings or SDE. What is Seller’s Discretionary Earnings? How do you compute your company’s SDE, and how reliable is it as a measurement of earnings?

Matt and Jean-Luc join me today to break d...

Adrienne Richardson owns Powerplay Media, a digital marketing company specializing in Facebook and Instagram ad optimization for business growth. Due to her lead generation expertise, her clients have generated over $50 million in new revenue over the past eight years. Before becoming an entrepreneur, Adrienne served in the Air Force as a paramedic from 1995 to 2002. She later graduated magna cum laude from Rowan University with a ...

Buying or selling companies can be complicated, but it all boils down to two primary transactions: stock sale and asset sale. Both have their fair share of pros and cons, but when is it better to buy and sell one over the other? What risks should be considered from a buyer’s perspective? What would benefit the seller the most? What would make both parties mutually benefit from the transaction?

Matt and Jean-Luc from our Advisory ...

Patrick Campbell is an entrepreneur as well as the Founder of ProfitWell, a company that provides business intelligence solutions that boost retention and monetization automatically through subscription financial metrics. He has extensive experience in pricing strategy, analysis, and online marketing. Before starting ProfitWell, Patrick was an economist at Google and the US Intelligence community. He also led Gemvara’s Strategic In...

Megan Bowen is the Chief Operating Officer at Refine Labs, a demand accelerator for B2B SaaS companies. She describes herself as a problem solver, customer advocate, and operator with an extensive record of building and leading teams to success. As COO, her leadership style revolves around team empowerment and accountability while creating a culture of vulnerability, kindness, and empathy. Megan is also the co-host of the podcast, ...

Kyle Clements is the founder and CEO of Quipli, a SaaS company that offers software for the rental market. Their software allows independent rental companies to receive payments, manage inventory, and accept customer orders. Kyle holds a Master of Science degree in Commerce: Financial Services from the University of Virginia. Before founding Quipli, Kyle was the Senior Strategic Operations Manager at Uber.

Kyle joins me today to ...

Creating The Right Terms for Commission Structures

One of the most effective ways to expedite growth is having a commission structure for employees or agents. Commissions allow people to go the extra mile and get more leads or better contracts, ultimately letting the company earn higher profits. What should you consider when writing a commission structure? And when is it the right time to promote profit-sharing and equity over comm...

Missy Livingston is the Owner of Twisted Wares, an adult gifts maker that applies pun-intended phrases, jokes, and witty graphics on otherwise everyday, practical, and functional household items. They sell everything from towels and tote bags to car air fresheners, notepads, and coasters. Before starting Twisted Wares, Missing was a realtor who was on a path to success in the early 2000s until the recession of 2008. She learned abo...

Raising capital is a balancing act. On the one hand, you receive funding that can expedite growth. Conversely, you lose equity and risk losing your company if you don’t play your cards right. What should business owners understand about raising startup money? What are the investor expectations if they help you jumpstart a product or service? 

CleverProfit’s Matt Smith and Jean-Luc “JL” Johnstone share their take on raising capita...