Afleveringen
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Building a successful ecommerce or SaaS business is no small feat ā it requires grit, determination, and a strategic mindset. But once youāve scaled your business, how do you maximise profitability and maintain that upward growth trajectory?
Gāday, Jason Andrew here, and youāre listening to Stark Naked Numbers. This episode is for all the ecommerce or SaaS founders out there, deep in the trenches, who know the blood, sweat and tears it takes to build something remarkable.
Today Iām joined by Carla Penn-Kahn, a true powerhouse in the ecommerce industry. Sheās scaled and exited several brands from $3 million to $30 million without any external funding. Now, sheās the brains behind Profit Peak, a SaaS company designed to help other ecommerce owners optimise their operations using first-party data.
In this episode, Carla shares her journey, profitability tactics and operations advice. We get very tactical in this episode which I simply love.
Enjoy the show.
Links:
Follow Carla on LinkedIn or head to Profit Peakās website.
If you enjoyed this episode, subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials and unlocking your cash, visit starknakednumbers.com.
Show Notes:
(01:08) - An introduction to Carla Penn-Kahn
(02:22) - The early days: Carlaās first e-commerce business
(05:20) - The next venture: Everton
(07:06) - Building VS Buying a business
(08:41) - How Carla perfected the fundamentals at Everton
(12:22) - Game-changing strategies to differentiate your e-commerce brand
(18:03) - Carlaās number one piece of advice for running an efficient operation
(22:15) - Key metrics of a high-performing e-commerce business
(29:26) - Creating cohesion between inventory and marketing teams
(31:40) - How Profit Peak came to life
(36:30) - Shifting from an e-commerce model to a SaaS business
(40:50) - The biggest opportunities in e-commerce today
(45:23) - Jason pitches Carla an idea
(53:29) - The truth about revenue growth
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Ever received a cold email that actually made an impact? Todayās guest did just that.
Hi, Jason Andrew here, and this is Stark Naked Numbers ā the podcast that strips down the numbers of business, investing, and wealth creation to help you become a better entrepreneur and investor, and ultimately build your net worth.
Today, Iām joined live in the studio by Simon Plummer, someone who shares a career trajectory similar to mine: an accountant-turned-business owner with a passion for helping other aspiring business owners.
Simon is honestly one of the most exceptional people Iāve met. We talk about building his operating and leadership chops at Johns Lyng Group, a $billion insurance building company he helped scale; to starting a tech startup, through to acquiring a boring brick tool manufacturing business.
In this chat we unpack the art of cold emailing, creative ways to generate deal flow for business acquisitions, lessons learned from starting and operating businesses, and key insights for anyone considering buying into a small business.
Alrighty, letās get started.
Links:
To keep up with Simon, follow him on LinkedIn.
If you enjoyed this episode, subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(01:22) - Simonās ākillerā cold email
(06:53) - Inside Johns Lyng Group (JLG)
(14:33) - Equity incentives and subsidiary ownership at JLG
(21:42) - Simonās investment in JLG at just 25
(24:35) - The biggest learning curve of Simonās career
(35:56) - Exit and transition to a new business idea
(41:33) - How Simon cherry picked his dream business
(59:08) - Whatās next for Simon
(01:01:09) - Simonās key takeaways for aspiring entrepreneurs
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Zijn er afleveringen die ontbreken?
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Hey, itās Jason Andrew here.
Today, I'm joined live in the studio by Mark Denning.
Heās the owner and managing director of Fallon Solutions, a Brisbane-based home services business that provides trade services to customers in South East Queensland.
I actually used their services myself, and let me tell you, it was one of the best customer experiences Iāve ever had with a tradesman. So, I made it my mission to track down the owner, and here we are.
In this chat, I talk to Mark about the story behind Fallon Solutions, how he grew the business from $2M to $50M in revenue by investing in talent, customer experience and tech.
Alright, letās get into it.
Links:
To keep up with Mark, follow him on LinkedIn.
If you enjoyed this episode, subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(03:10) - Introduction to Fallonās Services
(04:50) - Markās career before Fallonās
(06:06) - The decision to buy
(11:20) - 60% growth in year one: cash flow model of residential vs commercial
(14:33) - Customer acquisition strategies
(16:07) - Revenue growth: $2M to $50M in 20 years
(18:17) - Capacity and staffing model
(23:39) - Competitive difference and advertising strategy
(25:50) - Attracting and retaining talent in a service-based business
(32:49) - Capacity management software
(35:16) - Private equity interest in the HVAC industry
(40:03) - The future of Fallonās
(41:08) - Markās experience with private equity: US vs Australia
(43:54) - The motivation behind building businesses
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Ever wondered what itās like to run a high-octane digital agency? If youāre knee-deep in the digital marketing world, youāre gonna dig this chat.
Hey there, Jason Andrew here, and youāre listening to Stark Naked Numbers ā the podcast thatās about stripping down the numbers behind business, investing, and wealth creation to help you become a better entrepreneur and investor, and ultimately build your net worth.
Today Iām hanging out with serial entrepreneur and self-proclaimed industry disrupter, Nick Bell. This guyās not your average Joe ā heās set up more than a dozen companies, including a digital advertising agency he started in 2008 with just $400 bucks. He then sold it ten years later for close to $40 million.
Since then, Nickās been on a roll, with a holding company sporting over 10 digital agencies and services business, from Outsourcey, an off-shore labour hire company, to his latest passion project, Super Young, a bio-hacking clinic promising to keep you spry and kicking till you hit the century mark. But Iāll let him tell you all about that.
In this chat, I ask Nick about his rinse-and-repeat strategy for success, how he keeps his managers motivated, and how to control client experience and maintain quality as you grow. We also go deep on the numbers of running a high-flying agency.
Links:
To keep up with Nick Bell, follow him on LinkedIn.
If you enjoyed this episode, subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(02:29 ) - The early days of WME
(13:10) - A new and improved digital agency formula
(17:55) - Why outsourcing is a good industry to be in
(23:10) - Incubating a service-based business
(28:43) - Nickās time allocation across his business portfolio
(31:20) - Incentivising your GMs
(33:51) - What the financials of a high performing agency look like
(36:02) - Identifying a poorly run agency
(44:53) - Scaling up your service-based business
(47:30) - Nick on people management (being a āpeople personā)
(50:29) - Controlling the client experience and maintaining quality as you grow
(52:22) - Selling your agency: when an agency will sell for more
(53:27) - Nickās passion behind Super Young and āBiohackingā
(01:03:43) - Nickās advice for new business owners
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Back in my corporate finance days, I was knee-deep in valuations and financial due diligence for small businesses. I always joked with my boss at the time that it was the easiest job ever. Just figure out the profit, or what we finance folks call the normalised EBITDA, and then you multiply it by three.
But why three times? Why not two or even ten?
Iām Jason Andrew, and this is Stark Naked Numbers ā the podcast that strips down the numbers of business, investing, and wealth creation to help you become a better entrepreneur and investor, and ultimately build your net worth.
In this episode, I'm joined by my good friend and valuation nerd, Simon Cook. Simonās a chartered accountant, and an expert when it comes to valuing businesses.
Today we're giving you a masterclass in small business valuations. If you're an entrepreneur that's either buying or selling a business, listen up. This may give you a slight edge at the negotiating table.
Links:
Follow Simon Cook on LinkedIn.
Subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(01:52) ā The difference between price and value.
(04:00) ā How to value a business: forecasting future cash flow and investment risk.
(12:21) ā A cautionary tale of WeWorks ātech companyā debacle.
(15:20) ā Establishing a discount rate or required return.
(17:55) ā Investing in private companies and grappling with liquidity.
(22:35) ā The pitfalls of relying solely on the multiples model for business valuation.
(47:58) ā Applying multiples to EBITDA versus cash flow.
(01:00:02) ā Enterprise value versus equity value: Whatās the difference?
(01:06:16) - Working capital adjustment in the valuation process
(01:10:23) ā Deciding between revenue-based multiples and profit-based metrics
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Weāve talked about how to buy a business ā but have you ever wondered what the first three to six months should look like for someone whoās just bought one?
Hi. Jason Andrew here, and youāre listening to Stark Naked Numbers ā the podcast that strips
down the numbers of business, investing, and wealth creation to help you become a better entrepreneur and investor, and ultimately build your net worth.
Today Iām joined by Nikita Gossain. Sheās a chartered financial analyst, an entrepreneur, and a mergers and acquisitions pro.
Sheās also the director of Smokeshield, a commercial security and fire company that she purchased from a retired business owner.
In this episode, Nikita shares her search fund journey, from the initial decision between buying versus starting a business, building that initial relationship, how to extract the businessā most valuable data, and the time it takes to seal the deal. Nikitaās insights are a ripper. Enjoy.
Links:
Follow Nikita Gossain on LinkedIn.
Subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(02:40) - Whatās a search fund anyway?
(04:03) - The costs related to a search fund
(05:19) - Nikitaās investor journey: From funded to self-funded
(09:02) - Educating Australian investors on the search fund model
(14:07) - Nikitaās process: Proprietary outreach and relationship building
(16:52) - The Search & Acquisition Phase
(20:06) - Insights into Smokeshield
(22:15) - Key factors to consider in your search
(26:44) - How to value a small business
(30:38) - Nikitaās funding journey: From debt to equity
(37:39) - The first 3-6 months of business ownership
(43:23) - The questions you should ask before going on a search fund journey
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They say you should never meet your heroes, but thatās probably because they never met Dan Norris.
Danās a serial entrepreneur, an award-winning content marketer, a best-selling author, and a genuine hero of mine.
On this episode of the Stark Naked Numbers podcast, Dan tells us about how he developed his transparent approach to content marketing, why he left Black Hops Brewing, and why heās putting it all on the line with his new business, East Coast Roast.
Strap in.
Show Notes:
(02:12) Why Danās never been afraid of posting his revenue publicly
(06:28) How Dan built and sold his first successful business, WP Curve
(20:15) Why Dan got into craft beer with Black Hops Brewing
(23:47) How hard is it to start a craft brewery, and why are so many struggling now?
(31:00) Influencer-led products: Hit or shit?
(36:00) Why Dan left Black Hops and bought a coffee roaster
(50:34) The challenges of taking over an existing business
(01:07:24) Why Dan will always sell a business when a good opportunity presents itself ā and why I think heās dead wrong
Links:
Keep up with Dan Norris here.
Subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
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This episode is all about roll-ups ā and weāre not talking about the fruit snacks you had in your lunch box as a kid.
No, weāre talking about rolling up SMBs. You know the playbook: Buy a bunch of small businesses, whack them together, take it public and make a tonne of money.
Iāve been feeling the itch to do some rolling up myself. And this pod, I scratch that itch with the great Dr Glen Richards, Australiaās king of the roll-up.
You know Glen. Heās the founder of Greencross Vets, a roll-up of vet clinics, and a chairman of Healthia, a health care roll-up. Heās also a director of a bunch of companies, which Iāll let him share with you. Glenās also a Sharkā¦ yep, you might also recognise him from his time as a panelist and investor on Shark Tank.
Roll-ups might sound easy (and delicious) ā but as Glen explains this episode, getting it right is actually harder than you think.
Alright, letās get into it.
Links:
Keep up with Glen Richards on LinkedIn.
Subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(00:52) - Glenās business portfolio
(02:14) - What does a successful roll-up look like?
(07:44) - Why most Aussie businesses donāt have long term vision
(13:20) - Creating value and de-risking through a roll-up
(18:25) - Synergies: The cream on top of the āRoll-Up Cakeā
(25:16) - Glenās learnings from the Petbarn and Greencross merge
(33:34) - Roll-up succession plan
(41:00) - Jasonās five key ingredients to a successful roll-up
(44:07) - The Pitch: Jasonās perfect roll-up business ā and The Shark weighs in.
(50:30) - Glenās dream roll-up businesses
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Today Iām joined live in the studio by Tobi Pearce, the brilliant mind behind the hugely popular Sweat fitness app. Tobi's journey is nothing short of remarkable. He bootstrapped Sweat to a peak of $100 million in annual revenue and eventually orchestrated a jaw-dropping $400 million sale.
Iām Jason Andrew, and this is Stark Naked Numbers. Itās the podcast that strips down the numbers of business, investing and wealth creation to help you become a better entrepreneur and a better investor, and ultimately build your net worth.
In this pod we go over the profits and numbers of Sweat, how he thinks about managing people and problem solving, his relationship with money, asset allocation and how he chooses to invest his hard-earned funds.
Tobi one of the most impressive people I've met, and as you'll hear, one of the sharpest minds youāll come across.
Alright, letās get into it.
Links:
Keep up with Tobi Pearce on LinkedIn or Instagram.
Subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(01:43) - The evolution and success of Sweat
(05:22) - The lucrative world of e-books
(08:11) - Luck or opportunity spotting?
(10:22) - The influencersā ascent in fitness
(12:16) - The creator economy: fad or forever?
(17:11) - Sweatās endurance test
(19:25) - Tobiās strategic exit
(26:40) - Selling at the peak: Indicators of a āfrothyā market
(35:26) - Market trends and entrepreneurial opportunities
(47:07) - The pain points of business founders
(48:45) - The making of a successful CEO
(55:50) - Personal wealth for personal growth
(58:05) - Tobiās take on negative media coverage and public criticism
(59:23) - The fear of losing it all
(01:04) - Tobiās investment strategy
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We often hear stories about entrepreneurs making money, but how do you preserve it or more importantly, ensure your kids donāt waste it? As a parent, how do you ensure you donāt raise soft, entitled brats?
Multi-generational wealth doesnāt just happen ā and nobody knows more about how to keep your money in the family than todayās guest.
Iām Jason Andrew, your host, and here, and this is podcast that strips down the numbers of business, investing, and wealth creation to help you become a better entrepreneur and investor, and ultimately build your net worth.
Today weāre joined by Mike Boyd. Heās the co-owner and CEO of the Vroom Group, a giant in the car rental space, and the founder of Prosura, a global insurance intermediary.
But heās also the man behind Mudbrick Capital, a family holding company that builds, buys and operates businesses, and the host of a podcast, The Business of Family, that breaks down how successful families hold onto their wealth across generations.
In this episode, we discuss holding companies, long-term capital compounding, and strategies to manage intergenerational wealth. These are a few of my favorite things. Itās a ripper of a pod.
Links:
Subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Follow Mike Boyd on LinkedIn and at https://mikeboyd.com.au/.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(06:28) - Finding your business niche.
(09:03) - The business of spin-off businesses.
(16:46) - Mikeās next disruptor.
(21:07) - The importance of defensible, logical niches.
(24:33) - Humble beginnings in business: Keg Hire Brisbane
(30:18) - The story behind Mikeās Vroom, Vroom, Vroom ownership.
(45:10) - Crafting a solid asset allocation strategy.
(49:35) - Mikeās journey into generational wealth education.
(01:00:00) - Mikeās take on family governance structures.
(01:02:05) - The family business: Perspectives from different cultures.
(01:07:19) - Navigating the silver spoon effect.
(01:09:47) - The art of generational storytelling and raising well-rounded children.
(01:13:12) - Mikeās take on giving kids pocket money.
(01:15:39) - '18 summers': An appreciation for the finite time spent with your children.
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If youāre a small business owner, a founder, or a CEO, thereās one big question Iām sure has echoed in your mind ā āHow much should I pay myself?ā
Itās a delicate balance between personal income and business growth.
Iām Jason Andrew ā chartered accountant, business owner, and yes, a financial voyeur ā and youāre listening to Stark Naked Numbers.
Itās the podcast that strips down the numbers of business, investing, and wealth creation to help you become a better entrepreneur and investor, and ultimately build your net worth.
In todayās episode, Iām going to take you back to where it all began ā eight years ago, when SBO Financial was just an idea. Iāll walk you through the insights drawn from my own financial history and the trajectory of my own business. And weāll also confront that old query: just how much should you put into your own pockets?
Links:
Subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(01:59) - FAQ from Founders: How much should I pay myself as a CEO?
(03:52) - What to expect in your early years, and Jasonās journey of embracing minimal living
(06:18) - Understanding how your businessās evolution aligns with your changing lifestyle
(07:54) - Drawing a salary vs. Opting for dividends
(10:33) - The reality of the āInstagram CEOā Lifestyle
(14:52) - How to find the sweet spot of taking from your company without overdoing it
(16:18) - Why paying yourself enough to sustain your minimum viable lifestyle is crucial
(20:51) - The potential dangers of excessive optimism
(22:38) - Navigating the maturity phase of your business (and paying yourself like a boss)
(23:17) - Juicing up your CEO salary with dividends and not falling into the greed trap
(25:55) - Learn how the profit-first approach safeguards your cash flow
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Have you ever wondered how the magic of buying a business actually happens?
Iām Jason Andrew, and this is Stark Naked Numbers. Itās the podcast that strips down the numbers of business, investing and wealth creation to help you become a better entrepreneur and a better investor, and ultimately build your net worth.
In this episode, I unravel the step-by-step process of acquiring a business, and reveal the nitty-gritty of how these deals go down. Whether youāre a seasoned investor or considering your first venture into business ownership, this oneās a must-listen.
Links:
Subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(01:18) - Understanding mergers and acquisitions
(02:35) - The five key phases of the business buying process
(06:49) - Fixed price vs. multiple of profit pricing strategy ā which one works best?
(08:39) - Buying shares vs buying assets ā whatās the smarter choice?
(11:40) - Navigating the intricacies of working capital
(14:25) - What does exclusivity in deals actually mean?
(14:50) - Why structuring your deal is just as important as price
(16:41) - Exploring the three most common forms of deal structuring
(34:33) - Post acquisition ā Strategies for managing existing staff
(36:08) - The four types of due diligence every buyer should perform
(40:41) - Whatās involved in the legal phase of the acquisition process?
(45:41) - How to run your new business
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To bootstrap or not to bootstrap ā that is the question.
Is it better to build a business from the ground up without any outside funding, or to take the sweet venture capitalist money and run?
Iām Jason Andrew, and this is Stark Naked Numbers. Itās the podcast that strips down the numbers of business, investing and wealth creation to help you become a better entrepreneur and a better investor, and ultimately build your net worth.
This episode, Iām joined by Alex Ghiculescu. Alex is one of the co-founders of Tanda, a self-funded SaaS success story that builds best-in-market workforce management and wage compliance software.
We debate the pros and cons of taking outside money ā because just quietly, I think theyāre leaving money on the table by not doing it.
Links:
Keep up with Alexās newsletter at ghiculescu.substack.com.
Subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(00:45) Alex and Tandaās backstory, from a uni pub to a SaaS success story doing eight figures in annual recurring revenue
(03:48) Why Alex and his co-founders chose to bootstrap from day one
(13:28) The pros and cons of taking money from outside investors
(21:21) How Tanda responded when one of their closest competitors raised over $100 million
(26:42) Why building a profitable business is like building a muscle
(29:11) How Alex and his co-founders, who are all equal on the cap table, make decisions about money
(32:55) How Tandaās founders balanced building a business with survival, and how they decided what to pay themselves
(38:11) How to incentivise staff when stocks are off the table
(43:29) How the founders of Tanda got involved in the fruit trade
(47:57) If Tanda sold tomorrow, what would Alex do instead?
(54:00) The dirty truth about the AFR Rich List
(57:27) How Alex rediscovered his spark by working on his newsletter
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Hope youāve got some loose change handy, because itās time to find out what it takes to run a successful vending machine business.
Iām Jason Andrew, and this is Stark Naked Numbers. Itās the podcast that strips down the numbers of business, investing and wealth creation to help you become a better entrepreneur and a better investor, and ultimately build your net worth.
A guilty weekend pleasure of mine is scouring the web for businesses to buy. Itās a mostly harmless vice ā but it does lead me down some interesting rabbit holes. Like the time I seriously considered buying a vending machine business.
Join me to explore the economics of how vending machines make money ā because they could just be the nice little earner youāve been looking for.
Links:
Subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(0:34) Why scouring business broker websites is my guilty weekend pleasure, and why more people should consider investing in businesses instead of property.
(3:16) How I found myself on the precipice of buying a vending machine business
(6:10) What I learned about the vending machine industry
(8:38) My tragic vending machine backstory
(11:08) The pros and cons of owning a vending machine business
(15:47) What is the moat? What gives a vending machine business a durable competitive advantage?
(17:57) My final decision. To vend or not to vend?
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Itās an unpopular opinion, but I believe more people should buy a business instead of starting from scratch.
Iām Jason Andrew, and this is Stark Naked Numbers. Itās the podcast that strips down the numbers of business, investing and wealth creation to help you become a better entrepreneur and a better investor, and ultimately build your net worth.
In this episode Iām joined by Pete Seligman. Pete is a search investor ā he helps aspiring business owners find good businesses and gives them a great future through acquisition, growth and a successful exit.
Peteās experience is unique, as heās one of the rare folks who has personally acquired, operated and sold a number of small- to medium-sized businesses.
He tells us how he does it, and what he looks for in a great business ā so you can go out and find yours.
Links:
Subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, Stitcher or wherever you get your pods.
Follow Pete Seligman on LinkedIn and at peteseligman.com.au.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(1:15:) - What is a search fund, and how did Pete get involved in the industry?
(7:17) - Why would you buy a business instead of starting one from scratch?
(13:51) - What are the characteristics of a great business for a search investor?
(25:26) -The best business Pete has had an interest in, and why
(31:37) - How do you value a business?
(39:01) - How do you manage conflict with the previous owner?
(51:05) - How hands-on does a search investor need to be in the business?
(1:07:30) - How does Pete invest his personal net worth?
(1:10:44) - How to get involved in search investing
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Introducing Stark Naked Numbers: The podcast that strips down the numbers of business, investing and wealth creation
Every number tells a story.
The problem is that for most people, your finances are an overwhelming, over-complicated mystery that youāve just never had the time or the energy to unpack.
Iām here to help you with that.
Hi. Iām Jason Andrew ā chartered accountant, business owner and financial voyeurist ā and this is Stark Naked Numbers.
Itās the podcast that strips down the numbers of business, investing and wealth creation to help you become a better entrepreneur and a better investor, and ultimately build your net worth.
Weāll explain financial concepts with real, practical examples; weāll break down successful ā and unsuccessful ā businesses to find out what makes them tick; weāll get leading business people to share their strategies with us; and weāll unpack high-profile deals and transactions, digging into the digits and details behind the headlines.
For our first episode, weāll be joined by Rowan Grant, a recovering accountant turned entrepreneur and VC, whoāll explain how venture capital funds actually make money ā and what it takes to start one.
To make sure you donāt miss it, subscribe to Stark Naked Numbers on Apple Podcasts, Spotify, or your podcast app of choice now.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
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Have you ever wondered how venture capital funds make money ā and what it takes to start one?
Iām Jason Andrew, and welcome to Stark Naked Numbers. Itās the podcast that strips down the numbers of business, investing and wealth creation to help you become a better entrepreneur and a better investor, and ultimately build your net worth.
In this first episode, Iām joined by someone near and dear to my heart ā and very important to my net worth. Rowan Grant from Arbor Capital is a recovering accountant turned entrepreneur and VC, and heās also my business partner.
Join us to find out how VCs make money, what they actually do on a daily basis, and why I think Nick Crocker is the Keanu Reeves of Australian start-ups.
Links:
Subscribe to Stark Naked Numbers on Apple Podcasts and Spotify.
Follow Rowan Grant on LinkedIn and Twitter.
Want the secrets the other accountants wonāt give you? Follow Jason Andrew on LinkedIn.
To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(02:15) - What does a VC actually do?
(08:52) - Why choose to be a VC?
(13:39) - How do VCs actually make money?
(18:33) - What makes a business a unicorn, and why do people go hunting for them?
(30:52) - Should you invest in a business or the people behind the business? Are you betting on the founder or the business model?
(36:11) - Why Nick Crocker is the Keanu Reeves of Australian start-ups
(44:59) - How easy is it to start a VC fund? Can anyone become a VC?
