dylan’s Podcast

"So what you’re telling me is that we have never made money?"

This was an actual statement from an actual entrepreneur that was not happy with our conversation. Everything I was saying was not making sense to an entrepreneur that had money in the bank, a house, cars and investments all paid for by his business. The problem was his business had never actually made any money. The business owed more to creditors that it was expecting to receive from customers and had negative equity on its balance sheet. Basically, all the personal wealth that this entrepreneur had was from the creditors in his business including the government, vendors and his bank. Cash flow does not mean profit and this entrepreneur was about to discover how big a hole he had dug.

Read the blog here: https://dylangallagher.wordpress.com/2018/10/30/1-mistake-every-entrepreneur-is-guaranteed-to-make/

LinkedIn: http://www.linkedin.com/in/gallagherdylan

"music: City - Ikson" 

"If you don't know how much money you make, how can you possibly be calling the government tomorrow with a plan on how you are going to pay them?"

I received a call this week from an entrepreneur that was 24 hours away from having to call the government and give them a plan for how the business was going to catch up on missed payroll and tax remittances. This is a veryfrequent conversation I have on a weekly basis with entrepreneurs that find themselves in a tough spot. It is very easy to end up backwards with the government and other creditors but your ability to understand how your business actually makes money can be the difference between your business surviving, thriving or dying.

Read the blog here: https://dylangallagher.wordpress.com/2018/10/23/do-you-know-the-answer-to-this-question/

LinkedIn: http://www.linkedin.com/in/gallagherdylan

"music: My Go Away Dream - Corey Gagne" 

"The greatest opportunities come from the most difficult moments"

It’s easy to start a business. Some may argue it’s easy to grow a business. The truth is that every entrepreneur will experience a difficult moment (or many) that will lead them to one of two decisions: close down the business OR lean in and create real value. Tough times are where real lesson are learnt and experience is gained.

Read the blog here: https://dylangallagher.wordpress.com/2018/10/18/bring-it-on-why-you-should-lean-into-difficult-moments/

LinkedIn: http://www.linkedin.com/in/gallagherdylan

"music: Ice Tea - Corey Gagne" 

"Humans are about creativity – machines are about productivity"

There is a lot of talk these days about the impact that computers are having in the workplace. Similar to robots taking the jobs of assembly line workers we are witnessing computers take the jobs of administrators, bookkeepers and any one else whose primary task is to move information around. This evolution shouldn’t surprise us and yet many entrepreneurs are not taking advantage of these changes to easily grow their business. I think there is a simple reason for this and it’s based on a principle that at one time needed to be taught and now is simply baked into every business that offers a product or service to the market.

Read the blog here: https://dylangallagher.wordpress.com/2018/10/09/why-creativity-is-more-profitable-than-productivity/

LinkedIn: http://www.linkedin.com/in/gallagherdylan

"music: Over N Over - Corey Gagne"