Ep 174 - Is Your Business Worth What You Think It’s Worth? :: Gary Aldridge
Mostly Middle Tennessee Business Podcast
English - January 11, 2024 19:33 - 58 minutes - 54 MB - ★★★★★ - 27 ratingsEntrepreneurship Business Marketing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
A Middle Tennessee Business Podcast...
Do you think your business is ready to sell?
Gary Aldridge may challenge you to think again. In this episode, Gary and I talk about the business owners who have toiled their entire lives and are ready to move on to another chapter in life….only to find out that their businesses are worth shockingly far less than what they thought.
There is always hope though.
From Gary:
For over 30 years I have served as CFO/Senior Financial Executive in privately held companies ranging from $500,000 to $100 million in revenue.
Businesses are much more than numbers on paper. They represent the aspirations and dreams of entrepreneurs and team members working to achieve something useful together. It’s the human factor that makes or breaks a business.
Increasing business value is essential to sustainability. I find value by increasing profitability from sales and gross profit down to net income. Additionally, I find value and liquidity in managing working capital, accelerating accounts receivable, increasing inventory turnover, and refinancing debt.
Things that came up:
Early memories and Monopoly. (5:33)
Financial management and entrepreneurship. (9:58)
Monetizing podcasts and accounting for small businesses. (23:35)
Selling a business, valuation, and cash flow. (34:08)
Real estate investing and business growth strategies. (37:04)
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Shoutout to Matt Wilson for lending his voice to the new intro of MMTBP.
Follow him and his podcast from which I may have borrowed the *mostly* concept:
The Dad Joke Challenge is sponsored by Ed Fox and Tradebank of Nashville, for when you have unsold inventory or services and think that barter is smarter, go to www.nashville.tradebank.com
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The Dad joke challenge with Ed Fox - Author of 101 groan-tastic dad jokes available on Amazon Kindle, or you could go TikTok channel @specialedfoxdadjokes
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****You hear Jim mention it on almost every episode, ME vs. WE and how 2023 will be 1943 all over again….order “PENDULUM:How Past Generations Shape Our Present and Predict Our Future”:
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The co-author of Pendulum wrote a myriad of other books and started a non-profit 21st Century Non-Traditional Business School that you should really check out:
Wizard Academy - www.wizardacademy.org
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Talking about the real problems (and possible solutions) of everyday business owners and professionals in and around Middle Tennessee and beyond...this is the What’s Your Problem Podcast!
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