ProfitSense Episode 53: Andrew Sullivan, Sullivan and Schlieman Wealth Management, Ken Madren, PermaTherm Inc., and Jim Pursley, Factory Automation Systems
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ProfitSense Episode 53: Andrew Sullivan, Sullivan and Schlieman Wealth Management, Ken Madren, PermaTherm Inc., and Jim Pursley, Factory Automation Systems

ByBill McDermott

On this episode of ProfitSense, we welcomed three accomplished company leaders to delve into various aspects of successful businesses, financial management, and future planning. Andrew Sullivan, Sullivan and Schlieman Wealth Management, discussed year-end financial planning and common issues that prevent people from achieving financial success in retirement. Ken Madren of PermaTherm shared the impact of communication on business…

3 Quick Tips for Perfecting Your 2024 Projections
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3 Quick Tips for Perfecting Your 2024 Projections

ByBill McDermott

Projections are critical to knowing whether your profit and loss and balance sheet forecasts are realistic, especially if you will use these projections to obtain financing or attract investors. Whether you’ve finished your 2024 projections or not, here are 3 tips you need to know to put the finishing touches on your forecast for next…

ProfitSense Episode 52: Dee Barnes, Evans Tool & Die and Evans Metal Stamping & Laser Cutting
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ProfitSense Episode 52: Dee Barnes, Evans Tool & Die and Evans Metal Stamping & Laser Cutting

ByBill McDermott

Dee Barnes, CEO of Evans Tool and Die, joined host Bill McDermott to discuss how her 75-year-old family-owned business has successfully navigated the manufacturing industry’s challenges and embraced its opportunities. Dee focused on the importance of trade skills within the sector and the resurgence of manufacturing in the United States. They also delved into how…

The Ugly Truth About Closely Held Businesses
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The Ugly Truth About Closely Held Businesses

ByBill McDermott

Every business owner has a big dream for their business and wants to make it happen. The problem is many business owners think they can stop working without transitioning ownership. This belief says that these owners believe that their businesses are an asset that can produce returns without their involvement. To most people however, the…

The One Question Every Business Owner Should Be Able to Answer
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The One Question Every Business Owner Should Be Able to Answer

ByBill McDermott

What’s my business worth?    In a recent study, business owners were asked what they estimate the value of their business to be. 10% didn’t have a clue. The other 90% answered in a wide range between $500,000 and $100 million.    Further when asked how they arrived at that valuation, 2/3 answered that they had no…

Ready or Not, Here It Comes
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Ready or Not, Here It Comes

ByBill McDermott

Every business owner has a big dream of selling their business and heading off to see the world. The problem is there’s very little planning that’s been done, leaving the business owner uncertain about the future. Many business owners fall into the trap of the “rolling five years” saying, “I’m planning to retire five years…

Are You Standing in Your Own Way?
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Are You Standing in Your Own Way?

ByBill McDermott

Every business owner has a big dream for their business and wants to make it happen. The problem is many business owners don’t have a clear strategy of how we’re going to transition the ownership and management of the business to another party because we’ve done no planning. We have our heads down working in the business…

ProfitSense Episode 50: Chris Caldwell, Highland Trust Partners & Aaron Wynn, Hunter Recruitment Advisors
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ProfitSense Episode 50: Chris Caldwell, Highland Trust Partners & Aaron Wynn, Hunter Recruitment Advisors

ByBill McDermott

Chris Caldwell, Partner at Highland Trust Partners, and Aaron Wynn, President of Hunter Recruitment Advisors, were guests on this episode of ProfitSense with Bill McDermott. Chris discussed how he got into financial planning, who they most often work with, the business owner’s level of preparedness for the future, how business planning unfolds, and much more. Aaron began…

Is Perfection Standing in the Way of Your Business Exit?
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Is Perfection Standing in the Way of Your Business Exit?

ByBill McDermott

Every business owner has a big dream for their company and wants to make it happen. They’re constantly working on improving their business, tweaking their strategy and efficiency, and are never satisfied. When it comes time to exit, this can lead to being frustrated or anxious because they didn’t spend enough time working on the…

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