Build Value By Choice

Build Value By Choice

By Nana BonsuBusinessEntrepreneurshipEducationHow ToMarketing
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Build Value By Choice episodes

  • Financial Therapy With Magdala Adeleke
    Many of us are not prepared emotionally to handle a change in circumstances, whether that is a windfall or if we hit financial hardship. That’s where a financial therapist like Magdala Adeleke can come in. Magdala is the owner of Financial TheraPeace, a resource that people can use to transform their relationship with money. She joins Nana this week on Build Value By Choice to share her six steps for achieving financial freedom.
    27 min
  • Making Your Business Attractive to a Strategic Growth Investor with Anika Penn

    If you want to make better business decisions and be better prepared for the future so your business can be more attractive to a long term growth investor, then this episode is for you. In this episode of Build Value By Choice, Nana is joined by Anika Penn, of investment management firm Baillie Gifford. Join the discussion on how Anika and her team approach the investment process, and her advice for you, the business owner.

     

    KEY TAKEAWAYS

     

    • Growth investors look for profits through capital appreciation—that is, the gains they'll achieve when they sell their stock (as opposed to dividends they receive while they own it). In fact, most growth-stock companies reinvest their earnings back into the business rather than paying a dividend to their shareholders.
    • The average holding time on Wall Street is 2 or 3 quarters, but with a growth investor it could be a decade of more.
    • Think about what kind of relationship you want with an investor and what would that look like? There are so many different kinds of investors for different types of business and for every stage.
    • Some investors want to see immediate margins and see that your cost price is going down and clientele is going up, but some understand that businesses can be in a phase of growing loyalty rather than numbers.
    • Everyone is always learning, learning how to run the company and learning how to work together while actually having to do the thing.

      •  

       

      BEST MOMENTS

       

      ‘Where someone is based has never stopped anyone from investing’

      ‘You never want to be in a position where you’re desperate for that next steep and you’ll take whatever comes along’

      ‘Your assumptions can change, but the business model is stuck’

       

      EPISODE RESOURCES

       

      Leave a comment or question on the Build Value By Choice Facebook community page

      Get more resources on infhorizons.com/podcast

      Know Your Current Valuation: https://bit.ly/get-free-valuation

      Find Anika on LinkedIn

      Don’t forget to subscribe to the podcast and share it.

       

      ABOUT THE GUEST

       

      Anika is passionate about connecting great ideas with capital, and has the privilege of doing this every day at Baillie Gifford. Of particular interest is helping women and minority entrepreneurs gain access to the capital and resources they need for their businesses to thrive. As the Entrepreneur-in-Residence at Smith College, she advised women-led start-ups on their business models and pitches to investors.

      As co-founder and CEO of Frontier Health, a marketplace for innovative frugal medical devices for developing countries, she built the first global marketplace linking medical device innovators with health care providers in the developing world. Her earlier work spanned the fields of HIV/AIDS, reproductive health, cancer research, and civil rights policy. Before co-founding FH she worked at the apex of finance, regulation and medical research for several years and witnessed first-hand the difficulties small companies face bringing their health care solutions to market.

      Anika is honored to serve on the Board of Trustees of Johns Hopkins University and as President of the JHU Alumni Association, from which she received a Master’s Degree in International Relations with concentrations in...

      47 min
    • Prepare a Business for Transition with Laurie Barkman

      Laurie Barkman is a "business transition sherpa." With her firm, SmallDotBig, she advises owners on having more valuable, sellable businesses. And as a Partner with Stony Hill Advisors, a mergers and acquisitions firm, she guides them through the complex process of letting it go. She joins host Nana Bonsu this week on Build Value by Choice to give you advice on preparing your business for transition.

       

      KEY TAKEAWAYS

       

      • 80% of business owners want to stop working in their business in the next 5-10 years, but most have not planned for that transition. Many need to improve the business first.
      • If your business has a lot of risks, it makes it a less attractive prospect and will be harder to transition.
      • The earlier you make the decision to work towards transitioning the business, the more time you have. Having more time means you have more options. More options means you can find more value. And value doesn't have to be the highest offer, the right offer for you might not be the highest one.
      • You can create different exit options depending on your goals. For example the paths of passing your business down the family line is very different to a management buyout.
      • Financial buyers are long-term investors interested in the return that they can get by buying a well-managed company and looking to generate cash flow by boosting revenue, cutting costs, or creating economies of scale by buying similar companies. Strategic buyers are often bigger companies that are well capitalized, able to spend more, and less focused on whether a company can generate quick cash flow. The strategic buyers tend to pay more than financial buyers.

        •  

         

        BEST MOMENTS

         

        ‘When you have time on your side, you ultimately have more options’

        ‘I was selling my business but I was also selling myself’

        ‘You only get one change to land a plane on the Hudson’

        ‘3/4s of owners have regrets 1 year after their exit’

         

        EPISODE RESOURCES

         

        Leave a comment or question on the Build Value By Choice Facebook community page

        Get your free value builder score here bit.ly/get-free-valuation

        Get more resources on infhorizons.com/podcast

        www.meetlauriebarkman.com

        https://smalldotbig.com/

        www.linkedin.com/lauriebarkman/

        www.twitter.com//LaurieBarkman/

        www.facebook.com/SmallDotBig/

        Don’t forget to subscribe to the podcast and share it.

         

        ABOUT THE GUEST

         

        Laurie Barkman is a "business transition sherpa." With her firm, SmallDotBig, she advises owners on having more valuable, sellable businesses. And as a Partner with Stony Hill Advisors, a mergers and acquisitions firm, she guides them through the complex process of letting it go.

        Laurie is the former CEO of a $100 million revenue company with an exit to a Fortune 50 company. With more than 25 years of C-Suite and award-winning marketing expertise, she provides actionable perspectives to drive sustainable value.

        Engaging audiences across the US, Laurie is an Adjunct Professor of Entrepreneurship at Carnegie Mellon University, leads executive workshops with...

        34 min
      • Boosting The Financial Performance of Your Business With Good Bookkeeping Services with Amber Peoples

        Every business, small or large, faces similar challenges from an accounting standpoint. Keeping up with monthly statements, quarterly reports, and sales tax are certainly some of them. Amber Peoples is President and Owner of Atlas Services and joins host Nana to discuss how efficient bookkeeping can help you when you’re exit planning from your business.

         

        KEY TAKEAWAYS

         

        • In case of an audit make sure you keep all financial records. This includes all receipts, regardless of value, contracts, and all invoices.
        • Atlas integrates themselves within their clients internal finance department by using company email addresses to avoid their customers from knowing that they have outsourced.
        • Advantages of outsourcing your bookkeeping are: More time to provide value to your clients. Increased efficiency and focus. Risk management and accuracy. Access to a highly trained bookkeeper. Benefit from top bookkeeping systems. It gets done regardless of your schedule. And save money because you don’t have to hire an employee.
        • Amber has seen a lot of businesses making the mistake of just looking at their bank balance when making financial decisions. That doesn't show you the true picture and doesn’t take into account money in transit or money that is already earmarked as outgoing.

          •  

          BEST MOMENTS

           

          ‘We act as if we’re an honorary member of our clients team’

          ‘Your bank balance is just a snapshot in time’

           

          EPISODE RESOURCES

           

          Leave a comment or question on the Build Value By Choice Facebook community page

          Get your free value builder score here bit.ly/get-free-valuation

          Get more resources on infhorizons.com/podcast

          Amber on LinkedIn

          atlasadminservices.com

          @atlasadminservices on socials

          Don’t forget to subscribe to the podcast and share it.

           

          PODCAST DESCRIPTION

           

          Hosted by Nana Bonsu of Infinite Horizons, this show aims to serve small business owners who want to grow their businesses while reducing their own personal involvement. We do this through a combination of interviews with industry leaders, and host presentations. We are certified value builder advisors and leverage a statistically proven methodology to help clients such as you scale or transition their business to the next chapter.

          We care for our listeners and see their dreams as our own. We aim to foster a community that embraces freedom, generosity, and integrity. This is a show by entrepreneurs and business owners for entrepreneurs and business owners.

           

          ABOUT THE HOST

           

          Nana Bonsu:

          “I am an entrepreneur and ex-Corporate Executive who's applying his experience and knowledge from working in various ways to pursue my passion of helping small business owners increase their choices in life by leveraging my knowledge and experience, their employees, systems and money. I help small business owners transform their business and increase value through action-oriented education and implementation of strategies and tactics to make their business sellable even if they are not planning on selling. Known for establishing an environment for...

          26 min
        • Philanthropy & Estate Planning for Business Owners with Priya Royal

          Priya Royal is a charitable planning expert and is also the founder and Managing Attorney at Royal Law Firm PLLC a women-powered, international private client services firm. Priya joins Nana on Build Value By Choice to talk about her work in philanthropy and how you should be estate planning as a business owner. Find out how people from outside your network can benefit a community and the different services a tax attorney can provide when compared to an accountant.

           

          KEY TAKEAWAYS

           

          • Powerful Progress is a 501(c) (3) nonprofit bringing together industry leaders and professional experts in law, finance, and technology, to empower locked out communities with information, networks, entrepreneurship, and access to support wealth building across generations.
          • A great way to grow both individual and community skillsets is to give them access to mentors who belong to a more aspirational status than them. This way skills can be passed from those in more privileged communities to those who are unable to gain that information in other ways. It’s about creating accessibility between networks.
          • Tax = money. Every time money is the answer then you should start with a tax attorney. Getting your tax structure right will ensure you have access to credit and are covered for liabilities.
          • A tax advisor can give legal advice and accounting advice, whereas an accountant can give accounting advice, but not legal advice.
          • Philanthropic planning allows you to support the causes you care about while also being able to deduct certain costs from your taxes. The best philanthropic plans allow you to make a difference over a long sustained period of time. There are many types of trusts you should discuss with your financial advisors.
          • One of the biggest mistakes people make is believing that philanthropy is only for the wealthy.

            •  

            BEST MOMENTS

             

            ‘Escape planning is about planning for life, not planning for when you die’

            ‘You feed the individual and grow the community’

            ‘It’s essentially a math game’

             

            EPISODE RESOURCES

             

            Leave a comment or question on the Build Value By Choice Facebook community page

            Get your free value builder score here bit.ly/get-free-valuation

            Get more resources on infhorizons.com/podcast

            Powerful Progress

            Royal Law Firm

            Heritage Auctions

            Don’t forget to subscribe to the podcast and share it.

             

            ABOUT THE GUEST

             

            Priya Prakash Royal Esq., LL.M., MBA is an established tax law and charitable planning expert, has been published by the ABA, Bloomberg Tax, and various trade journals, including Heritage Auctions, and a frequent speaker at bar associations, national, and international conferences, and events, including the DC Bar, NAPABA, SABA, USPTO, National Appraisal Institute, AIP, CentreLink and various podcasts. Drawing from her own experience of invisibility and lack of access as an immigrant and minority woman, she co-founded Powerful Progress Inc., a 501(c)(3) nonprofit channeling expertise to create financial sustainability across locked-out communities. She is the Vice-Chair of the DC Bar Steering Committee in Estates, Trusts, and Probate Law, the Tax Chair of the South Asian Bar Association North...

            43 min
          • Stress Relief For Business Owners With Professor Pete Alexander
            Professor Pete Alexander, author of the book: "Lighten Your Day: Fast, Easy and Effective Stress Relief" joins Nana on this week’s Build Value By Choice to discuss how business owners can relieve stress. Find out about the different types of stress, why they are not all bad, and also find out what resources he recommends to increase your quality of your life.
            28 min
          • Meeting Your Business Growth Goals Through Market Strategy with Heather Baker Steele and Randi Skinner
            Are you trying to create brand awareness? Generate leads? And develop an overall marketing strategy that increases the value of the business so it can sell for more? This week on Build Value By Choice, Nana is joined by marketing experts Heather Baker Steele and Randi Skinner. Find out how Heather and Randi help business owners increase the value of the business to meet their goals through marketing strategy.
            50 min

          About Build Value By Choice

          From the publisher's feed

          This show aims to serve small business owners who want to grow their businesses, while reducing their own personal involvement. We do this through a