Napkin Numbers

Navigating each business life cycle can be challenging, and it's important to understand where your business falls. From the early stages of growth, through maturity and even exiting your business, Scott and Rahsaan have it covered with this Napkin Numbers episode. They share the challenges and choices your business may face at each stage, highlight varying levels of risk, the challenges of securing funding at each of these pivotal stages, as well as the important resources available to meet these challenges. If you are considering exiting your business and would like to see what your business is worth, please use our complimentary business evaluation calculator: https://freemanlundt.bizequity.com/

Join Rahsaan Freeman and Scott Lundt as they dive into some risky scenarios that seriously affected their clients' business's value when it came time to sell. Rahsaan and Scott share real case studies where over-reliance on a single major customer tanked a manufacturer's revenue when that customer went under and it took them years to recover. They discuss the common temptation of using your business like a personal piggy bank and why that will slash your business's valuation. Also, failing to protect intellectual property and document key processes - both easily avoidable mistakes that ended up costing business owners 7-figures on their exit! These stories are to help you make proactive decisions now that set you up for maximum value later. If concentration risk, personal expenses, or lack of IP protection feel familiar, this episode will inspire some valuable changes! Even if you're not looking to sell in the near future, these case studies demonstrate why having a trusted expert NOW will set you up for success when retirement is on the horizon.

If you want to see what your business is worth, please use our complimentary business evaluation calculator to determine its value.

Have you heard these myths about small business exit strategies? Myth 1: The value of your business is solely based on net profits. Myth 2: Customer service is the ultimate differentiator. Myth 3: Emotion and identity play no role in business value. Want to know the truth behind these myths? In this episode of Napkin Numbers, Scott Lundt and Rahsaan Freeman speak with Denver Business Coach Steve Kohnke to dispel these myths.

Throughout the episode, key factors impacting a business's value are uncovered, shedding light on the risks associated with owner dependency, emotional attachment, and lack of differentiation. By addressing these factors through intentional strategies, small business owners can mitigate risks, increase operational efficiency, and ultimately boost their companies' attractiveness to potential buyers.

Understanding the key factors impacting the business value is crucial for owners looking to optimize their exit strategies and achieve maximum value upon selling their businesses.

If you want to sell a business, please use our complimentary business evaluation calculator to determine its value.

Ever feel like you're playing a risky game with your business's value? An advisor may have told you to focus solely on growing your revenue, but have you ever considered the overlooked risks that could instantly wipe out all your hard-earned value? It's frustrating to pour your heart and soul into your business only to realize that it might not be as secure as you thought. In this episode of Napkin Numbers, Scott Lundt & Rahsaan Freeman uncover those hidden risks and show proactive steps you can take to safeguard your business's value.

You will discover how to shield your business from unexpected events by effectively mitigating risks, learn the essential strategies for preparing your business for a successful sale, explore the importance of diversification in maximizing your business's potential, leverage insurance for robust protection of your business, and navigate the complexities of business planning and consulting.

You won't want to miss these invaluable lessons you need to know to protect your business! If you want to sell a business, please use our complimentary business evaluation calculator to determine its value.

If you're feeling overwhelmed by the complexities of commercial real estate transactions, struggling to optimize your financial outcomes and need guidance on the best decisions, you are not alone! In this episode of Napkin Numbers, Scott Lundt & Rahsaan Freeman review case studies they have seen through their work at Freeman Lundt, where business owners have bought or sold real estate in connection with their business. You may have heard myths about commercial real estate transactions, such as you don't need a commercial real estate broker and can use legal counsel to draw up an agreement for a transaction without any input from a broker. Scott and Rahsaan share the benefits and importance of having real estate brokers involved in commercial property deals for the best return on your investment. You'll hear insightful examples of buyers and sellers who made expensive mistakes by not having an agent's expertise during negotiations. They explain how agents add value on both sides of a deal, from guiding due diligence and inspections to advising on tax implications and financing options. Working with an agent meant better loan terms and higher cash flow for buyers. You won't want to miss these first-hand accounts of how commercial real estate brokers maximize financial outcomes. If you want to sell a business, please use our complimentary business evaluation calculator to discover what your business is worth.

In this episode of Napkin Numbers, Scott Lundt & Rahsaan Freeman are joined by Bob Fredrickson, the president of Coldwell Banker Commercial Danforth, to discuss the pivotal role of commercial real estate brokers in business property transactions. Bob's expertise shines as he discusses the vital factors that buyers need to consider, including property valuation, compliance, and market insights. He emphasizes the necessity of local market knowledge and the ability of commercial brokers to assess property value and potential risks accurately. On the seller side, Bob highlights the importance of balancing business and property value, stressing the need for realistic pricing and thorough property preparation. For any business owner or investor in the real estate market - this episode is an essential listen to hear Bob's valuable insights and practical advice to guide them through real estate transactions with confidence.

Discover the three compelling reasons for acquiring a business with real estate to achieve a strategic advantage. In this episode, Scott and Rahsaan shed light on the financial, strategic and legal aspects of purchasing a business with real estate and provide valuable insights for entrepreneurs and investors to navigate this journey. Through two case studies, Rahsaan illustrates the need for expert guidance to positively impact the acquisition of a business with real estate and the potential return on investment that it brings. To gain a competitive edge in the market, listen now for the essential information on valuation, buying or selling a business with real estate.

Are you tired of the same old routine? Ready for a change? Have you considered buying a business? In this episode of Napkin Numbers, Scott and Rahsaan explore how self-reflection can uncover hidden passions and open doors to unexpected opportunities. Don't fall for these common myths: 1) You need to be an expert in the industry to succeed, 2) Passion is the only thing that matters, and 3) Your preferences can't change over time. Listen in as we debunk these myths and reveal the truth behind identifying the right skills, passions, and preferences when buying a business. Scott and Rahsaan share their proven strategy to help you make the right choices for your entrepreneurial journey.

Are you ready to boost your business success and open doors to new opportunities? Certifications for women-owned, minority-owned or veteran-owned businesses have the power to enhance your visibility, growth and access to diverse business prospects. However, navigating the certification process can take time and effort. That's why Rahsaan and Scott share efficient strategies for obtaining certifications and maximizing your business opportunities in this episode of Napkin Numbers. They also stress that obtaining certification is only the first step. To expand your business, utilizing the advantages of certification is essential. How? Scott and Rahsaan suggest effective marketing tactics and participation in relevant events to maximize certification opportunities.

Would you like to grow your business rapidly by acquiring another business? Or have you tried to purchase another business, and it hasn't been the right fit? In the latest episode of Napkin Numbers, Scott & Rahsaan present the indispensability of a buy-side representative through real-world examples. A buy-side rep can guide you through the intricacies of valuation, negotiate deals in your favor and unlock financing options you may not have thought possible. Listen as Scott and Rahsaan outline two case studies with concrete examples of how their expertise saved buyers money and helped them achieve success faster than expected.