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

ByBill McDermott December 18, 2023March 5, 2024

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 growth and emphasized the importance of maintaining a “hand on the rudder” for navigating through challenges and distractions.

Jim Pursley, Factory Automation Systems, discussed the state of the manufacturing business in the current economic climate, the importance of safety in automation, and shared insights he’s gathered as a CEO.

Bill wrapped up the show by offering three quick tips on perfecting your 2024 projections.

ProfitSense with Bill McDermott is produced and broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Profitability Coaching

The Business Owner’s Cheat Sheet: Working ON the Business

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2016 is in the books and a new year starts. Many of the clients I start working with are so busy working IN the business, they don’t take a step back and work ON the business. Have you had the experience in your business where you can’t see the forest through the trees? Here’s a…

Financing

The Business Owner’s Cheat Sheet: What Are My Financing Options?

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Forecasting and Budgeting

4 Tips for Business Planning in 2017

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As we close the books on 2016, there are likely some things that went very well and some things you would do differently. We start to look ahead at the possibilities for 2017 and what we might start, stop and keep doing. To get the thought process started, here are 4 things you must include:

Banking

5 Things You Must Know About Loan Covenants

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We’ve closed several commitments for lines of credit, term loans and mortgage loans for equipment and real estate. When reviewing your term sheets or commitment letters, after you go through the borrower, loan amount, rate and fees, collateral and guarantor section, you’ll end up at a section called covenants.

Forecasting and Budgeting

Budgeting for 2017-How do I Improve Operational Efficiency and Effectiveness?

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Many closely held businesses are seeing significant increases in revenue despite slow overall economic growth. With those increases, pressure can be created on people and systems to the point where you’re confronted with finding quality people and investing in systems to support your growth. Those investments of people and systems may have come at significant…

Acquisitions

3 Things You Must Know About Acquisition Financing

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