Chapter
The Value of Taking Yourself Out of the Equation
24:56 - 31:26 (06:30)
The guest talks about the pitfalls of trying to do everything yourself and how taking yourself out of the equation can result in more value. They also discuss the difference between their philosophy and private equity firms' plans.
Clips
The speaker emphasizes the importance of not leveraging companies with debt during the acquisition process and maintaining a strong balance sheet to ensure the net worth of the company remains robust.
24:56 - 26:20 (01:24)
Summary
The speaker emphasizes the importance of not leveraging companies with debt during the acquisition process and maintaining a strong balance sheet to ensure the net worth of the company remains robust.
ChapterThe Value of Taking Yourself Out of the Equation
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
This episode talks about the advantages of creating a board of directors in a box that oversee executive leadership decisions and provides feedback loops for private equity firms.
26:20 - 27:54 (01:33)
Summary
This episode talks about the advantages of creating a board of directors in a box that oversee executive leadership decisions and provides feedback loops for private equity firms.
ChapterThe Value of Taking Yourself Out of the Equation
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
Andrew Wilkinson has a history of getting involved in various businesses and startups.
27:54 - 28:56 (01:02)
Summary
Andrew Wilkinson has a history of getting involved in various businesses and startups. His success with more internet-based and software-based companies sets him apart, although determining where to focus can make tracking so many ventures a difficult task.
ChapterThe Value of Taking Yourself Out of the Equation
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
Delegation is essential for businesses to function like a well-oiled machine.
28:56 - 30:40 (01:43)
Summary
Delegation is essential for businesses to function like a well-oiled machine. Taking yourself out of the equation, and putting people in place, can make your business more valuable in the long run even if it means a lower revenue number.
ChapterThe Value of Taking Yourself Out of the Equation
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
An investor shares insights on successful entrepreneurship, including how to hire a CEO to run the company and the importance of being flexible with regard to one's role within the organization.
30:40 - 31:26 (00:46)
Summary
An investor shares insights on successful entrepreneurship, including how to hire a CEO to run the company and the importance of being flexible with regard to one's role within the organization.