Payback Time

Payback Time

By Sean TepperBusiness
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Payback Time episodes

  • S3E29 - Christine McDannell - 3 case studies on selling businesses

    Christine McDannell is back and this time we’re breaking down 3 case studies on selling businesses. One sold for $3.5M and the other two sold for multiple six futures. Let’s dive in!

    Key Timecodes

    • (00:30) - Show intro and background history
    • (05:33) - Deeper into her business model
    • (08:28) - How many employees does she have in that business
    • (09:15) - A bit about the numbers
    • (12:25) - Did this business have any recurring revenue?
    • (14:19) - A key takeaway from the guest
    • (17:35) - Does she have any other hot sales she can tell us about?
    • (18:56) - Deeper into this business model
    • (21:00) - How does she charge for her services?
    • (23:30) - How many different deals can she manage at once?
    • (26:44) - Why not skip college and start making money early?
    • (29:10) - Another case study from her businesses
    • (35:00) - Deeper into that business model
    • (42:36) - Guest contacts
    • 45 min
    • S3E28 - Joe Tolzmann - How to scale a B2B SaaS for Construction

      Joe Tolzmann - How to scale a B2B SaaS for Construction.

      My next guest originally worked in the property restoration industry and faced a lot of repeated steps and time-consuming activities. He decided to solve those problems by creating a SaaS platform that saves time and helps property restoration companies run more efficiently and now today that platform has cut admin labor down by 50%. In this episode, we talk about how he created the company, what he does for marketing and sales, what challenges he faces today, and his exit strategy. Please welcome Joe Tolzmann.


      Key Timecodes

      • (00:49) - Show intro and background history
      • (01:17) - Deeper into his history before creating the SaaS business
      • (04:10) - When he started to develop the SaaS model
      • (04:54) - Does he still run the property restoration management company?
      • (05:41) - Deeper into his business model
      • (06:11) - How about his pricing model
      • (06:53) - Deeper into the human labor reduction strategies
      • (07:45) - How big is his team
      • (08:14) - How many engineers does he have on his team
      • (10:13) - does he offer some trial period of the product?
      • (12:51) - What are the marketing channels he uses to get exposure
      • (13:32) - Is he doing some paid advertising?
      • (14:26) - What is the biggest challenge he faces growing the business?
      • (15:03) - Is his team remote or working at the same location?
      • (15:34) - Deeper into the business funding
      • (15:49) - How many customers does he have?
      • (17:31) - A key takeaway from the guest
      • (19:29) - What is the worst advice he ever received
      • (19:58) - What is the best advice he ever received
      • (21:05) - Guest contacts
      • Payback Time Podcast

        Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.

        23 min
      • S1E27 - Branden Cobb - How to build a marketplace

        My next guest has over 15 years of marketing experience with an emphasis on building marketplace businesses. A marketplace is an application with two audiences on one platform. Some examples you may be familiar with include Zillow, Airbnb, Etsy, Groupon, and Ebay. This is not an easy business to start because you have to figure out what type of marketing and sales strategies attract each audience. In this episode, we talk about how to start a marketplace, how to bootstrap marketing, and how to balance growth between the two audiences. Please welcome Branden Cobb.


        Key Timecodes

        • (00:53) - Show intro and background history
        • (01:38) - His definition of marketplace
        • (02:38) - Why he decided to focus on this business model
        • (03:33) - How he started with this business model
        • (06:13) - Deeper into his business model and lessons learned
        • (13:32) - Is he running ads to monetize or focusing on consumers?
        • (14:51) - Deeper into his takeaways and strategies
        • (16:42) - What are his strategies to get a viral effect
        • (21:02) - Is he working with venture capital or bootstrapped investors?
        • (23:12) - A bit about the scalability of that model
        • (24:47) - A key takeaway from the guest
        • (27:37) - What is the worst advice he ever received
        • (28:16) - What is the best advice he ever received
        • (29:44) - Guest contacts
        • Payback Time Podcast

          Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.

          32 min
        • S3E26 - Noah Healy - Data Science Applied to Commodities

          My next guest is a mathematics and data specialist who has been working on a platform that helps large institutions save money and increase profits with commodities. In this episode, we talk about his company, some of the specific problems it solves, and a little bit about the commodities market. Please welcome Noah Healy.

          Key Timecodes

          • (00:37) - Show intro and background history
          • (01:24) - Deeper into his background and career path
          • (03:27) - How he monetized this business
          • (05:36) - What is his SaaS core idea
          • (06:24) - What are the benefits for the institutions using his services
          • (09:58) - Is he collecting data with his platform?
          • (11:51) - Deeper into his SaaS business model
          • (12:58) - The importance of commodities business in the world economy
          • (14:21) - What is the major milestone he is focused on
          • (16:07) - A key takeaway about commodities for retail investors
          • (20:50) - What amount of returns can be expected for retail investors investing in commodities
          • (21:48) - A bit about the risks in the commodities market
          • (23:42) - His recommended resources for those who want to know more about the commodities market
          • (27:37) - What is the worst advice he ever received
          • (28:04) - What is the best advice he ever received
          • (36:40) - Guest contacts
          • Payback Time Podcast

            Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.

            39 min
          • S3E25 - Russ Morgan - Top 3 Ways to Create Passive Income

            My next guest left his career as a financial planner and created a company that helps others achieve financial independence. In this episode we talk about the top ways to create passive income, why debt freedom does not equal financial freedom, why a 401K is holding you back, what infinite banking is, and the #1 biggest obstacle to achieving financial independence. Please welcome Russ Morgan.

            Key Timecodes

            • (00:44) - Show intro and background history
            • (01:48) - Deeper into his background and career path
            • (03:22) - What is the "investor DNA."
            • (05:53) - What types of investments does he focus on
            • (08:10) - How to achieve financial independence
            • (09:58) - Understanding his business model in deep
            • (11:15) - One of his home run investments over the last ten years
            • (12:21) - Debt freedom is not financial freedom
            • (15:16) - What is infinite banking
            • (21:02) - Why 401k is the worst vehicle for financial freedom
            • (26:03) - Why a 401k is a money jail
            • (27:41) - Cash is king, but it needs a new throne
            • (30:45) - Is it worth paying off your home or investing the money?
            • (34:46) - What is the biggest obstacle to achieving financial freedom
            • (36:59) - A key takeaway from the guest
            • (38:52) - What is the worst advice he ever received
            • (39:19) - What is the best advice he ever received
            • (40:10) - Guest contacts
            • Payback Time Podcast

              Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.

              42 min
            • S3E24 - Josh Dudick - How to consistently beat the market by over 6% per year

              Josh Dudick - How to consistently beat the market by over 6% per year.

              My next guest has over 15 years of experience as an investor and trader. We worked at companies including Citibank, Chicago Trading Company, and Flow Traders. He eventually went on to start his own investment fund that has outperformed the market by 6% since its inception in 2019. Today, while he continues to build his fund, he also started a money blog, topdollarinvestor.com, which helps beginner investors become more educated on money, investing, passive income, credit cards, real estate, and more. In this episode we talk about his journey, what he invests in, and what we can expect to happen in the stock market over the next 12 months. Please welcome Josh Dudick.

              Key Timecodes

              • (01:01) - Show intro and background history
              • (01:49) - Deeper into his background and career path
              • (02:25) - Understanding his investment strategy
              • (04:23) - His trading strategies
              • (07:23) - Understanding his personal investing strategy
              • (10:54) - His real estate strategy
              • (14:18) - Understanding his business model and the Top Dollar Company
              • (19:29) - His thoughts and perspectives about the market
              • (23:32) - One key takeaway from the guest
              • (27:47) - What is the worst advice he ever received
              • (28:02) - What is the best advice he ever received
              • (30:22) - Guest contacts
              • Payback Time Podcast

                Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.


                32 min
              • S3E23 - Bob Elliott - Earn the returns of a hedge fund without the red tape

                Bob Elliott - Earn the returns of a hedge fund without the red tape.

                My next guest comes from an unorthodox background with an interesting transition. He’s a botanist, which is an expert in plant science and biology but early on in his career, he got into finance. This emphasizes the fact that you most certainly don’t need a degree in finance to be good at investing. He has nearly 20 years of experience in finance including 13 years at Bridgewater, the largest hedge fund in the world where he served as Head of Ray Dalio’s Research Team. Thereafter he went into venture capital and then he started his own ETF which is designed to match the returns of hedge funds. In this episode, we talk about the pros and cons of hedge funds, what kind of assets are within the ETF, the returns an investor can expect, and how retail investors can buy this product. Please welcome Bob Elliott.

                Payback Time Podcast

                Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.

                Key Timecodes

                • (01:08) - Show intro and background history
                • (04:15) - Deeper into her background and career path
                • (06:22) - You don't need a degree to be successful in a finance market
                • (07:42) - His transition and philosophy as a VC investor
                • (12:20) - Understanding his business model today
                • (15:01) - Deeper into his business model and strategies
                • (18:52) - Deeper into his ETF business strategy
                • (18:32) - How many partners and employees did he have
                • (24:33) - Who does he sell his products to?
                • (28:57) - Deeper into his numbers and returns
                • (30:06) - How his fund performed in 2021
                • (33:45) - His strategy to build bundles of ETFs
                • (35:30) - One key takeaway from the guest
                • (41:28) - What is the worst advice he ever received
                • (42:43) - What is the best advice he ever received
                • (45:09) - Guest contacts
                • 47 min
                • S3E22 - Matt Palmquist - From Pro Basketball to Marketing Agency

                  Matt Palmquist - From Pro Basketball to Marketing Agency.

                  My next guest went from D1 Basketball to the Pros and then transitioned to a career in Marketing. After working for several years for a firm, he decided to take the leap and start his own agency. In this episode, we not only talk about how he built his company but also talk a lot about his agency's key service which is reputation management. When companies grow fast, things can slip through the cracks which can trickle down and negatively impact the customer. This can trigger bad reviews and reviews are a key marketing driver for a company. The question is, how do you resolve these bad reviews? We answer that question in this episode. Please welcome Matt Palmquist.

                  Key Timecodes

                  • (00:56) - Show intro and background history
                  • (02:03) - Deeper into her background and career path
                  • (04:05) - The high-performance athlete background and his transition to entrepreneurship
                  • (06:14) - Understanding his business model
                  • (09:06) - How was his transition from working for other companies to founding his own agency
                  • (11:21) - Deeper into his business
                  • (13:11) - A bit about reputation management
                  • (16:58) - Talking to the unsatisfied customers to understand their pain
                  • (18:32) - How many employees did he have
                  • (20:00) - Using contractors as qualified professionals to grow a team
                  • (24:35) - Deeper into his numbers and strategy
                  • (26:13) - How he provides the reputation management services
                  • (29:38) - How he charges for these services
                  • (34:41) - The importance of great customer relationship and reputation management
                  • (36:59) - His strategy to build a passive income strategy
                  • (42:51) - Guest contacts
                  • Payback Time Podcast

                    Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.

                    45 min
                  • S3E21 - Bob Diamond - A roadmap to exit the rat race

                    Bob Diamond - A roadmap to exit the rat race.

                    My next guest is a real estate attorney who ran his own practice, worked for a small practice, and worked for a large firm. He came to a point where he was sick of trading his time for a paycheck and realized he needed to figure out a way to create passive income. In this episode, he breaks down the roadmap on how he monetized his knowledge and started selling it through infomercials which lead to selling it through the internet. He breaks down the steps on how to generate leads, create a value ladder, how much to charge, and how to build an amazing team. Now today, he lives comfortably in Puerto Rico enjoying the fruits of his labor. Please welcome Bob Diamond.

                    Key Timecodes

                    • (00:55) - Show intro and background history
                    • (02:02) - Deeper into her background and career path
                    • (07:06) - The importance of a good network
                    • (08:11) - How he made his transition to build a passive income stream
                    • (17:49) - The SaaS business model
                    • (23:27) - Deeper into his business model
                    • (30:07) - Ho to create and sell valuable content
                    • (35:03) - Deeper into his numbers and strategy
                    • (37:18) - How to couple and sell multiple products that solve people's problems
                    • (41:46) - A key takeaway from the guest
                    • (45:45) - The importance of great customer service
                    • (48:57) - How he elevate his customer service and sales team interaction with clients
                    • (51:13) - An strategy to make some extra cash
                    • (52:21) - The advantages of living in a low taxes economy
                    • (54:03) - How to get help to create a book as a product
                    • (59:21) - How to provide value to others and build a business from that
                    • (64:26) - The worst advice she ever received
                    • (64:47) - The best advice she ever received
                    • (66:29) - Guest contacts
                    • Payback Time Podcast

                      Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.

                      1 hr 9 min
                    • S3E20 - Christine McDannell - Building and selling a company for $500K cash

                      Christine McDannell - Building and selling a company for $500K cash.

                      My next guest skipped college and started working in the corporate real estate industry. After getting sick of the slow processes, she stepped away and created a service business that grew to nearly $1M in revenue. Thereafter, she sold the business, took the cash, and started a second company. Rinse and repeat, she grew that next venture to $1M in revenue and sold for a much larger profit. Now today, she runs a Mergers & Acquisitions firm that specifically focuses on selling tech companies. In this episode, we walk through marketing tips, growth hacks, and lessons learned when selling a company. Please welcome Christine McDannell.

                      Key Timecodes

                      • (00:53) - Show intro and background history
                      • (02:06) - Deeper into her background and investing path
                      • (05:34) - Understanding her business-focused career
                      • (07:00) - How she scaled the business
                      • (10:40) - How she did well through the recession times
                      • (13:50) - Her strategies to sell that business
                      • (14:47) - The importance of knowing the right size to sell  
                      • (15:58) - Deeper into her numbers
                      • (17:14) - How long does she use to keep the business?
                      • (20:42) - How she moved to her next business
                      • (23:20) - Deeper into the numbers on that one
                      • (25:54) - How to build and sell value on businesses
                      • (29:22) - The importance of moving forward instead of just planning
                      • (31:16) - How she sold that business
                      • (33:06) - What she did next on her journey
                      • (34:38) - What are the red flags on that business model?
                      • (36:47) - The importance of making moral decisions when needed
                      • (39:23) - How she started her M&A business
                      • (41:33) - Helping businesses to be sold and bought as the model
                      • (45:49) - The worst advice she ever received
                      • (46:20) - The best advice she ever received
                      • (46:54) - Guest contacts

                      • Payback Time Podcast

                        Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.

                        49 min

                      About Payback Time

                      From the publisher's feed

                      Introducing Payback Time, the podcast for entrepreneurs looking to build and scale their startups. Gain access to actionable tips, proven strategies, and valuable data that can help you avoid…