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Firing The Man
Firing The Man episodes
- KEN FIRED THE MAN! Goal setting, planning, and execution of Ken's Freedom Plan
Episode 30
Today’s episode is a HUGE milestone for Firing The Man Podcast. After two and half years of building an E-commerce business Ken quits his 100K per year Engineering job. Ken shares exactly what it took to build his business and some simple strategies he used along the way when times got tough. Ken also shares what raw emotions he was feeling that day he walked out of the office for the last time. This is an episode that you do NOT want to miss!------------------------------------------------------------------------------------------
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Email us --> [email protected]Ready to scale your Amazon business? Click here to book a strategy call. https://calendly.com/firingtheman/amazon
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35 min - Interview with Robert Wright - Amazon IP Attorney
Episode 29
Robert Wright is an intellectual property attorney and the owner of Wright Private Label Law, which specializes in IP protection in the E-commerce space. Robert is passionate about intellectual property law and has helped hundreds of clients across the globe protect their intellectual property on Amazon, Shopify, and other e-commerce platforms.www.privatelabelprotection.com
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Email us --> [email protected]Ready to scale your Amazon business? Click here to book a strategy call. https://calendly.com/firingtheman/amazon
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51 min - Getting Acquired: Practical Guidance from an Industry Professional - with Zach Vaninger (Part 2)
Episode 28
This episode is part 2 of 2, where we are joined by Mergers & Acquisitions specialist - Zach Vaninger. Zach has spent a majority of his career in the world of Mergers and Acquisitions and has worked on transactions that total over $1 billion in deal value. On today’s episode, Zach is going to share his thoughts on what a seller can do to prepare to get acquired and walk us through the process of selling a company.
Things that can kill a deal- Seller’s revenue and/or profits drop while in the market, or worse, during due diligence.
- Due Diligence Surprises.
- Slow Responses.
- Inaccurate Information.
- Unrealistic Expectations.
- Over-Negotiating.
- Buyer Issues.
- Outside Market Issues.
- Partner/Stakeholder Disputes.
- Not Ready Emotionally.
Strategic vs. Financial Buyers- Strategic
- Strategic buyers are operating companies that are often competitors, suppliers, or customers of your firm. Their goal is to identify companies whose products or services can synergistically integrate with their existing P/L to create incremental, long-term shareholder value. In other words, their primary incentive for the acquisition is strategic, hence the moniker. These buyers can also be unrelated to your company and looking to grow in your market to diversify their revenue sources.
- Financial
- Financial buyers include private equity firms (also known as “financial sponsors”), venture capital firms, hedge funds, family offices, and high net worth individuals. These firms and executives are in the business of making investments in companies and realizing a return on their investments within 5-7 years with a sale or an IPO.
5 ways to find promising strategic buyers- Exhaust (And Don’t Miss) the Obvious Buyers
- Think Outside the Box
- Find the Active Buyers
- Verify Ability to Execute
- Stretch the Geography
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Email us --> [email protected]Ready to scale your Amazon business? Click here to book a strategy call. https://calendly.com/firingtheman/amazon
Support the show
37 min - Getting Acquired: Practical Guidance from an Industry Professional - with Zach Vaninger (Part 1)
Episode 27
This episode is part 1 of 2, where we are joined by Mergers & Acquisitions specialist - Zach Vaninger. Zach has spent a majority of his career in the world of Mergers and Acquisitions and has worked on transactions that total over $1 billion in deal value. On today’s episode, Zach is going to share his thoughts on what a seller can do to prepare to get acquired and walk us through the process of selling a company.Preparing to be acquired
- What are your goals?
- Get good professional advice (lawyer, accountant, investment banker)
- Get NDAs in place immediately
- Get everything in order
- Be open with your management team
- Know your company narrative (what synergies can you bring to the buyer?)
Deal process
- Compile a target list.
- Contact the targets.
- Send/receive a teaser.
- Sign a confidentiality agreement.
- Send/review the confidential information memorandum (CIM).
- Submit/solicit an indication of interest (IOI).
- Conduct management meetings.
- Ask for or submit a letter of intent (LOI).
- Conduct due diligence.
- Write the purchase agreement.
- Close the deal.
- Handle any post-closing adjustments and integration.
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Email us --> [email protected]Ready to scale your Amazon business? Click here to book a strategy call. https://calendly.com/firingtheman/amazon
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37 min - Crushing it as a College Student - Interview with John HatfieldEpisode 26
On today’s episode David and Ken interview John Hatfield, a college student at Iowa State University that has successfully secured a utility patent and is about to launch his first product online. John has entered his product into and won several entrepreneurial/elevator pitch style competitions. This is an episode you will definitely not want to miss.
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Email us --> [email protected]Ready to scale your Amazon business? Click here to book a strategy call. https://calendly.com/firingtheman/amazon
Support the show
30 min - Q2 Review of Our 2020 E-Commerce Goals
Episode 25
In this episode, Ken and David review their goals that they set in January 2020 for their e-commerce businesses. You will hear what is going well, what areas they are trying to improve upon, and their plans for the rest of 2020.------------------------------------------------------------------------------------------
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Email us --> [email protected]Ready to scale your Amazon business? Click here to book a strategy call. https://calendly.com/firingtheman/amazon
Support the show
22 min - E-Commerce Sales Channels - Ebay, Etsy, Jet, & Walmart
On today’s episode we are going to explore off-amazon e-commerce sales channels such as Ebay, Etsy, Jet, & Walmart. We will go through the pros and cons of these various sales channels and tell you what is working in Ken and I’s businesses. We will also be discussing certain milestones that we recommend you hit before considering diversifying to sales channels off of Amazon and some best practices to consider while making the transition.
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Email us --> [email protected]Ready to scale your Amazon business? Click here to book a strategy call. https://calendly.com/firingtheman/amazon
Support the show
59 min - A Beginners Guide to Building Your Own E-Commerce Website
On today’s episode we break down the steps to build your own e-commerce website. Provide the resources and tools we use to build websites. You will walk away from this podcast with actionable steps to go and get your own ecommerce website designed, built, and selling! We have listed the tools and resources we prefer and links to get you started.
Preferred Wordpress Web Hosting --> Siteground
www.fiverr.com
www.freeeup.com
www.upwork.com
Top 3 plugins à Yoast, Google Analytics, Hotjar
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www.FiringTheMan.com
Facebook
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Email us --> [email protected]Ready to scale your Amazon business? Click here to book a strategy call. https://calendly.com/firingtheman/amazon
Support the show
35 min - Omer Riaz on the Benefits of Outsourcing Your E-Commerce Team
Episode 22
On today’s episode we have the privilege to interview Omer Riaz. Omer is the Co-Founder of Urtasker, a globally renowned E-commerce Consulting agency that provides cutting edge, groundbreaking and truly revolutionary back office support to E-commerce sellers, business owners and vendors on multiple online channels such as Amazon, eBay, Shopify and Jet.com. During this episode, we discuss the benefits of outsourcing your team, building business processes, and the future of E-commerce. Omer is a wealth of knowledge and this is an interview you will not want to miss.Books mentioned:
“E-Myth” by Michael Gerber - Click HERE
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www.FiringTheMan.com
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Email us --> [email protected]Ready to scale your Amazon business? Click here to book a strategy call. https://calendly.com/firingtheman/amazon
Support the show
41 min - Michael Soltis on Crushing it on E-Commerce While Being a College Student
Episode 21
This FiringTheMan Podcast is an interview with Michael Soltis, an entrepreneur who is crushing it on Amazon while being a full-time college student. During the episode, Michael shares his story and how he has built a small online empire in just a few short years. Michael also discusses how he approaches learning and knowledge acquisition while commuting to and from school. His answer to the question “do you learn more on your commute to college or at college?” will blow your mind. This is an episode you will not want to miss.------------------------------------------------------------------------------------------
www.FiringTheMan.com
Facebook
YouTube
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Email us --> [email protected]Ready to scale your Amazon business? Click here to book a strategy call. https://calendly.com/firingtheman/amazon
Support the show
29 min
About Firing The Man
From the publisher's feed
THANK YOU TO OUR 25,000+ LISTENERS! We are so thankful to be one of the TOP E-Commerce Podcasts delivering high-quality authentic content to you! Serial Entrepreneur’s David Schomer and Ken Wilson…
share tips, advice, and insider knowledge about all things Amazon FBA, Walmart WFS, and E-Commerce. Discover how you can create multiple income streams by selling physical products online so that you can have the time and freedom to do what you love - whether that is spending more time with family or traveling the world. Ken and David have successfully created several six and seven figure online business ventures. During the journey, they have had major wins, losses, and lessons learned. This podcast will teach you about selling physical products online through platforms such as Fulfillment by Amazon, building a team, outsourcing, listing optimization, pay per click (PPC) advertising, driving traffic to your listings, and productivity tips / life hacks that will provide a path to be successful in building your online business. It’s a mix of interviews, special co-hosts and solo shows from Ken and David you’re not going to want to miss. Hit subscribe, and get ready to change your life.