Every business owner has a big dream to sell their business, achieve financial freedom, and live life on their terms. But many don’t know where to start or what to do. Recent studies show that business owners have a concept of the value of their business, but less than half of those have obtained an…
A successful business exit can be a complex and daunting process. There are many factors to consider, such as the value of the business, the best way to sell it, and how to ensure a smooth transition. That’s why it’s essential for business owners to consider following these three major steps. One of the best…
Host Bill McDermott welcomed two accomplished entrepreneurs to this edition of ProfitSense with Bill McDermott: Barry Adams, Peachtree Awnings, and Marika Ponton, Office Angels. Barry shared how his inspiration for starting his business was to “make people smile” and how that mission guides both their work and care for their associates. He also talked about associate…
Every business owner has a big dream for selling their business and wants to make it happen. However, many don’t know where to start or what to do. Selling a business, in some ways, is like selling a house. You don’t decide one day to put a “for sale by owner” sign in the yard…
When someone mentions they are a salesperson, mental images often come to mind of the used car salesperson that asks, “What do I need to do to get you in this car today?” People hate to be sold. But, when people are ready to buy they appreciate the help. There’s a subtle mindset shift (sell…
On this edition of ProfitSense with Bill McDermott, Jonathan Strack and Eric Cooley from Strack, Inc., and Chris Smith, CB Smith & Associates, joined us for a discussion on building their respective businesses and adapting to the digital age. Jonathan and Eric talked about cultivating a company culture, getting outside their comfort zone to recruit talent and…
“Gazintas”? What is that? “Gazinta” is what I call a “goes into” and your balance sheet is full of them. Your balance sheet is dynamic, not static, and a “gazinta” indicates a change in your balance sheet and the reason. Cash going down “goes into” receivables going up or purchasing equipment for cash or funding…
On this edition of ProfitSense with Bill McDermott, four independent mental health professionals joined host Bill McDermott. Dr. Laronta Rush, Dr. Brooke Jones, Dr. Brianna Gaynor and Kristen Fraser, LPC discussed their friendship and how they came together, supporting each other as business owners and mental health professionals, how they navigated changes during the pandemic, a major…
On this episode of ProfitSense, host Bill McDermott welcomed Vivian Dempsey, Partner at Wilson Lewis, and Scott Williford, CEO of vLink Solutions. Vivian talked about Georgia’s personal income tax rebate, the advantages and disadvantages of an S Corp, the IRS tax inflation adjustments for the tax year 2023, and much more. Scott discussed his experience in…
Cash is to a business what oxygen is to a person. A business can’t “breathe” without it. 80% of businesses fail within the first 5 years in business and the number one reason is a lack of cash (capital). But the lack of capital is not the cause. Many businesses need sufficient cash to figure…
End of content
End of content