dylan’s podcast: Recent Episodes
Dylan Gallagher
Want to hear simple and practical business talk? After 20 years of working with entrepreneurs and business owners Dylan has lots to share. As the founder of Bridge Capital with a background in finance and technology he has made his own mistakes and doesn’t pull any punches when it comes to sharing his thoughts and opinions. This podcast is meant to inspire and encourage entrepreneurs.
Growing your business doesn't happen for free. Dylan shares some thoughts about how to pay for the cost of growth using debt and equity.
Watch this episode on YouTube:
https://youtube.com/live/YxIAUN0i_yg
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Dylan shares some thoughts about the collapse of Silicon Valley Bank (SVB) and what the average business owner should be thinking about as a result of it.
Watch this episode on YouTube:
https://youtube.com/live/xFnf6VF8DT4
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
It was once said: "When life gives you lemons, plant its seeds, grow yourself an orchard, sell it to Sunkist. Carry on." Negative reviews can be a blessing in disguise for any business owner or entrepreneur who is serious about building a profitable and valuable company. There are two types of negative reviews - negative reviews for your company and negative reviews for your competitors. What many people overlook is that negative reviews can often hold the secret to making your business better. Once you move past the spam reviews and reviews from customers that will never be pleased, you are left with some ideas on how to improve your results. The negative reviews for your company and your competitors reveal what people are expecting and what they are happy to pay for. Whatever problems customers are experiencing and writing about are opportunities to provide solutions and make your business stand out. Lean into negative reviews and add money to your bottom line by exceeding your customers' expectations.
Watch this episode on YouTube:
https://youtu.be/7oB0hf-1tQ0
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Finding new revenue streams can be as easy as solving unsolved problems for your existing customers. What does this mean? It means looking at the product or service your company offers the market and examining the process your customers go through to get it. As they make their way through your customer experience, there are probably opportunities to help them solve other challenges. Finding new revenue streams depends upon your ability to remove yourself from your business, place yourself in your customers' place and examine what they go through in the course of using your products or services. What problems do your customers have that are currently unsolved? Answering this question takes effort, but your bottom line will reward you if you can.
Watch this episode on YouTube:
https://youtu.be/5NqdqFioloM
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Need new clients? Need to grow revenue? The easiest way to do this is to determine which clients your business enjoys serving and which clients enjoy interacting with your company and then build a plan around finding more of them. A business that focuses on swapping out imperfect clients for perfect clients is a business that is maximizing its resources and is efficiently maximizing its profit. It is challenging for a company to serve different types of customers. Each type of customer a business helps interrupts its ability to run efficiently, effectively and profitably. Adjusting to the needs of different types of customers means a company has to change how it delivers its products and services. The adjustments reduce profitability and limit revenue. The goal is to reduce the variety of customers your business serves and focus on a few that are highly profitable, easy to work with and who enjoy interacting with your company. Growing revenue doesn't mean expanding your customer base as much as swapping out imperfect clients for perfect ones.
Watch this episode on YouTube:
https://youtu.be/V_cRX9V16Eg
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
When does it make sense to have employees become shareholders in your business? Many business owners will offer shares to their team as a way to recognize their contribution and as a way to retain them. Many employees want to become shareholders to earn more money and participate in the value they are creating. Giving employees shares in your business will only be meaningful if you have determined what you believe the business's value will be and how their efforts will help ensure it materializes. In the absence of concrete goals, offering shares to employees is, at best, a token exercise that will not produce the intended effect. If you want to provide employees with shares in your business, spend time and effort to put a plan together that shows them where the company is going and what it will be worth once it gets there. Doing this will make the exercise meaningful and worthwhile.
Watch this episode on YouTube:
https://youtu.be/VRntY92UJ_8
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
If you are in business with a partner, the day may come when you need to discuss how to exit the business. Conversations like this can go in many different directions. Generally speaking, the work completed (or lack thereof) when the company was created will directly impact the amount of work that must be completed when the company dissolves or its structure changes. Many small businesses are formed informally without shareholder agreements, exit strategies or written expectations of each participant's responsibilities. The lack of structure and planning at the onset of a company will result in business partners having to work through details when they decide to buy each other out. Because expectations are often unclear, valuation methods used to determine payout amounts can be biased, and communication can become cordial and frustrating. One of the easiest ways to buy out a business partner is to look back at the history of the business, how the partners were each participating and then have a frank conversation about what is reasonable and fair for everyone involved. This approach doesn't mean everyone gets what they want, but common sense might enable a speedier outcome than what might have been realized otherwise. Getting caught up in details that were not part of how a company was formed or managed can be challenging to impose when the company needs to change. History can be a good reference point for setting a future course of action.
Watch this episode on YouTube:
https://youtu.be/mVGKU6_mdKE
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Doing ten things at 10% does not equal 100% - it equals 10%. Doing one thing at 100% that doesn't need to be done does not equal 100% - it equals 0%. Many business owners fall somewhere along the spectrum of being partially involved in many things or wholly involved in unimportant things. The quality of a business owner's goals will determine their effectiveness in meeting them. A business owner will get under-involved in many things or over-involved in a few things because they do not have well-defined goals or do not have a good understanding of where their business needs to focus. The very nature of business is change, and a business owner needs to focus on the tasks and opportunities that will significantly impact their company. Business owners get pulled in many different directions daily, and there is no shortage of activities to spend time on. The key to getting 100% out of your business is to focus on activities that will make the most considerable difference in your company.
Watch this episode on YouTube:
https://youtu.be/1vCsef---3w
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
The most rewarding part of growing a business that can run without you is being able to invest your time and money into projects, causes, companies and opportunities that you find interesting. Time is the only asset anyone has; making the most of it can be an exciting and rewarding adventure. Some business owners will invest in other companies, while others may invest in something completely unrelated to their company. The real questions to ask are: what is the best use of my time, and what is the best use of my resources? When you start a business, your time is spoken for before each day arrives. As you experience the success that comes from a growing company you are not running, you will find that your available time can be multiplied to produce an even more significant result than that of your business. With the hard work behind you and your bottom line beneath you, how will you choose to invest your time and money?
Watch this episode on YouTube:
https://youtu.be/vexQqFJamQA
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
It's hard to do, but it is necessary if you want to grow a business that can run without you you need to do it. You need to hire the right people to do the right jobs and empower them to make the right decisions. Many business owners believe they are the best people who know their business the best to make the best decisions. If you want a company that can grow without you, you must get over yourself and let people grow into their roles. The most important question you can ask the people on your team daily is: "What can I do to make your life easier today?". Being a servant leader instead of a dictator means you will not only help your team advance to their goals faster, but you will also be investing time that will reap dividends you may never fully realize. Empowering a team is not easy, but if you want to grow your bottom line without being involved in the daily tasks, you must learn how to let your team do their job. Don't hire people and leave them; hire people and invest in them.
Watch this episode on YouTube:
https://youtu.be/zFeUKI-qtqg
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
What is the next hardest thing a business owner learns to do after figuring out how to be profitable? Learning how to replace themselves. Business owners generally fill many different roles in their company, and often, no single role merits hiring a full-time (or even part-time) person. If you want to grow a business that can run without you, you will need to learn how to replace yourself. You are probably doing ten things at ten percent and getting ten percent results - not one hundred percent. The key to replacing yourself is to right-size your business so every daily job task you do can is handled by a team of people who can focus one hundred percent of their time on getting one hundred percent results. Business owners generally work longer hours than their team and subsidize the cost of running it with their sweat equity. By forcing yourself to pay people to do your daily tasks, you will have to get your business top line to a place where your margins can remain in place with the additional costs. Don't get stuck in your comfort zone. Expand your business results so you can afford to hand off daily responsibilities without sacrificing your bottom line.
Watch this episode on YouTube:
https://youtu.be/knQOkyRP4iM
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
A business exists to create value by providing a solution to a problem that people have. There are a few reasons why people pay for products and services to solve their problems, including:
- They don't want to solve their problem on their own.
- They can't afford to solve their problem on their own.
- They don't have the time to solve their problem on their own.
As a business owner, you create value by bringing people and resources together to solve the problems people have. This concept is something many business owners overlook until they get to a point where they need to understand why their company isn't producing the results they want. To build a valuable business, you must spend time understanding why your customers use your business. What is the specific problem or problems your business is solving for them? The more detailed your answers are, the more opportunities you will find to create value.
Watch this episode on YouTube:
https://youtu.be/s1OXJiUQVeE
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
When times get tough - some people lean out, and some people lean in. Running a business during a recession is not easy, but if you can do it, you might find yourself reaping significant rewards when times get better. Getting through a recession is easier when you pay attention to what is happening in the broader market. Out of desperation and necessity, many business owners will focus on their business and not pay attention to their customers, suppliers, or competitors. Business owners miss out on opportunities to capitalize and improve their business by not paying attention. One way to improve a business during a recession is to take advantage of the talent that might be available. During a recession, good people find themselves in the job market, and your company may be an excellent place for them. Good people are usually hard to find in good times, but in bad times as companies shut their doors or downsize, good people are available who need work. Another way to improve your business during a recession is to improve your customers' experience. Competition will dictate that fewer customers will be available, which leaves your business with an opportunity to serve them better than anyone else. If you can build a profitable business during a recession, you will reap the rewards when the market turns.
Watch this episode on YouTube:
https://youtu.be/kA8tiRZar6I
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
There is a direct relationship between how well your business can market its products and services and how quickly your sales team can convert prospects into customers. Poorly thought-out marketing will produce a poor sales process for your team and a poor experience for your prospects. A well-thought-out marketing strategy will attract the exact prospects your business wants by offering them the exact solution they want. Not every prospect in the market is the right potential customer for your business, and your business should not treat every customer the same. Understanding how your product or service solves a specific problem for a particular type of customer means your marketing will produce better prospects, your sales process will produce better customers, and your customers will give your better margins. The more work you put at the top of the funnel, the faster everything goes at every step through it.
Watch this episode on YouTube:
https://youtu.be/MT3tyMBYl-Q
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Do you wish your business could generate results faster from its marketing efforts? We all want results more quickly, but by its very nature, marketing is a long cycle process. If you have to get in front of your potential customer ten times before they decide to engage with you, a certain amount of money and time needs to be spent to achieve conventional results. How can your business achieve unconventional results? You can spend more money and time to get in front of your audience quicker, or you can use the same amount of time and money but reduce the size of the audience you are marketing to. Another way is to define your perfect customer and create a compelling offer that reduces the number of times your potential customer needs to hear from you. The better the offer, the less time and money is required to attract your customer. If your business doesn't have a compelling offer, then your business will need to spend more time and money convincing the market to use your company. Market your business faster by understanding whom you want to attract and an offer that would reduce the number of times you need to get in front of them.
Watch this episode on YouTube:
https://youtu.be/0k6VYEobEfU
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
The struggle is real. Running a business is hard and making money is even more challenging. There is a moment many business owners have when they are unsure of their company's future. Understanding the next step in achieving a better outcome can be a struggle. There are three reasons a business owner will struggle. The first reason is that market conditions change, and business owners have to figure out the correct response and do it in a reasonable amount of time to ensure the success of their business. The second reason is that many business owners don't know what they don't know. Not having a high-level feedback loop or information that helps identify problems can be frustrating for a business owner that doesn't understand what has changed in their business and what they need to do to correct it. Lastly, business owners can frequently get in their own way. Not being willing to admit that times are challenging or that changes need to happen can directly result from a business owner's pride and ego. A business owner will struggle until they can begin working through the decisions that need to be made based on the reality of their circumstances. The sooner this can happen, the quicker a company will get back on track.
Watch this episode on YouTube:
https://youtu.be/vKtUSlyEbRg
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Have you ever considered the prices your business charges for its products and services? How does it compare to the market? Is your business closer to the lowest or highest cost provider? Taking time to understand your competitors can go a long way in understanding where your business fits in the market and what opportunities you might have to adjust the pricing for your products and services. Does your business work hard to attract and provide value to a specific type of customer? Does your business currently serve customers that are not as profitable as others? Why? What would it take to find and serve your perfect customer who would agree to pay the best price possible for what your business offers? And finally, what price would you like to get for your products and services? What would be required by your company to capture that price? Pricing is another lever that business owners can use to increase their margins and cash.
Watch this episode on YouTube:
https://youtu.be/vdKRSCjxIFE
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Is there an easy way to boost sales? Many business owners overlook the easiest and cheapest way to generate more sales even though they probably have all the pieces they need at their fingertips. A business expends a lot of time, money and effort acquiring a customer and their first sale. Some companies only focus on the customers they engage or regularly interact with. But if you are looking to boost your sales and do it inexpensively, you should consider looking at the customers your business does not engage with regularly. How? By developing, implementing and managing a scoring system for your customers. An excellent scoring system will help identify sales opportunities that only require time to uncover. Time to make a phone call. Time to send an email. Time to create regular marketing campaigns. Time to monitor the results. A scoring system is a key to boosting sales in any company.
Watch this episode on YouTube:
https://youtu.be/sfJBReGnyaw
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Buying a business is exciting, and watching your ideas take shape can be very rewarding. Once you have found a business and structured a deal, you need a plan to get involved and make it your own. You can start by observing the culture, evaluating the people and resources, then deciding where you can add the most value to ensure success. Taking over a business can be tricky unless you set expectations which should be done sooner and not later. Use the time you have to plan for the business you want.
Watch this episode on YouTube:
https://youtu.be/HcEuVcsEsfA
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Buying a business is exciting, especially if you don't need to write a check for it upfront. Many small business owners are more concerned about how they will untangle themselves from their business than how much money they will make from a sale. Using sweat equity and your knowledge and experience, you may be able to structure a deal to purchase a business that requires very little cash. Discover how you can address the needs of a prospective seller by being creative with the terms you offer and the investment you make. Successfully purchasing a business is more about the art of the deal than the numbers involved.
Watch this episode on YouTube:
https://youtu.be/EQS-y0clXaM
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Buying a business is an exciting opportunity. Many small business owners (baby boomers in particular) do not have an exit plan for how they will sell, wind down or walk away from their business. If you want to take the first step towards business ownership or want to grow your existing business, this episode will help you with the basics. Discover how to find a prospective business and begin a conversation with the owner. Learn how to create a baseline for a potential transaction that will ultimately help you structure a deal.
Watch this episode on YouTube:
https://youtu.be/7ptAp1lKDAs
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Grow. Grow. Grow. If you aren't growing your business, then your business is most probably shrinking. These are common statements many business owners hear - but are they correct? Are there reasons not to grow a business? Some of the questions you should ask yourself as a business owner include what the goal of growing is and what is the best outcome if you grow your business. Many owners think they want to grow their business and talk about it, but when it comes down to - why bother? Individuals rarely start a company with a perfect plan and exit strategy. As a business grows, owners need to consider the reasons for growth and what they expect to get out of it. Some owners want to become investors, and others simply want a job. Knowing what you are working towards and how growing your business will help you get it is helpful.
Watch this episode on YouTube:
https://youtu.be/ITdCQYML4lM
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
There are technical answers and practical answers. In this episode, I provide a practical interpretation of the difference between profit and revenue in today's episode. Revenue refers to how well a business can market and sell its products and services. Profit refers to how well a company operates. As an owner, the math is essential, but the concepts behind revenue and profit are far more critical if you want to move your business through the Cash Flow Quadrant for Business Owners (see link below). By understanding what revenue and profit represent, you put yourself in a position to understand the strategies and tactics needed to get a better result. Experience has taught me that numbers don't tell the whole story. It's the details between the numbers that matter.
Watch this episode on YouTube:
https://youtu.be/XnbgKCa8veA
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Every business owner wants to build wealth, right? I would argue that many business owners think they want to build wealth but don't know what they would do if they had it. I have had the privilege of knowing and managing money for many entrepreneurs, and a common trait amongst the most successful ones is that they knew what they would do with the wealth they created. To build wealth, you need to know:
1) What cash flow quadrant is your business in (see link below)? 2) What specific tasks and responsibilities prevent you from moving out of your business? 3) What you would do if you weren't running a business?
Building wealth as a business owner means moving out of an "owner/operator" role into an "owner" role. Tune in today as Dylan discusses how to do this successfully.
Watch this episode on YouTube:
https://youtu.be/r8JwupH4rW4
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
One of the most challenging aspects of owning a business is understanding how money moves through it. Like most business owners, you probably feel like there is never enough of it, it never seems available when you need it, and most importantly, money can be hard to take out of a business. These are thoughts and challenges that many small business owners do not get to talk about, and in this episode, I share some insights that might help you realize your challenges are the same challenges faced by other small business owners. It's not the challenges that matter but how you manage them that will help ensure the money in your business is working for you.
Watch this episode on YouTube:
https://youtu.be/osRgF1HQRVc
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
The logic is simple. Whatever you did to get to where you are now will not be enough to get you where you want to be. If you started, bought or took over a business and had a particular set of skills, those skills will not get you to where you want to be. You are already at the place where your skills can take you. To move forward, you need to invest in yourself if you're going to unlock more cash from your business. Think of it this way: The money your business generates today results from what you know today. Therefore, if you want to create more cash, you must invest yourself. You are arguably generating the best result you can with what you know. There is no way to earn a return without investing. Investing in yourself so you can support your business is the key to unlocking more cash. Said a different way, investing in yourself will not produce less money in your business, so why not make an investment and see what happens.
Tune in today to discover how you can unlock cash in your business.
Watch this episode on YouTube:
https://youtu.be/YVZuwQ76Lf4
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Running a business and generating cash is tough. I am often asked, "what should business owners invest in" once they have made it out of the Struggling Quadrant. The most popular leading answer I receive is real estate, real estate and real estate. There is a common belief amongst business owners suggesting that owning the real estate their business operates out of is an excellent investment and use of their cash flow. In this blog entry, I will provide a different perspective that I believe provides a better return on cash compared to owning real estate. In my experience, I have learned the hard way that the best investment returns result from unlocking value in my business.
Tune in today to learn where you should invest if you are a business owner.
Watch this episode on YouTube:
https://youtu.be/s2arv888tYQ
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including:
[0:26] On-demand labour service update
[2:25] How do I hand my business over to someone?
[3:16] Blindspots we have as owners
[6:52] Who is your perfect customer?
[13:49] What value does your business offer customers?
[15:27] How is your product/service best made for?
[16:35] Why do customers use your business?
Watch this episode on YouTube:
https://youtu.be/VxhaLDzkuGQ
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including:
[1:05] On-demand labour service update
[2:27] I am glad I spent time on a plan
[7:20] Moving from Struggling to Adjusting on the CFQ
[8:20] Cash in the bank does not mean you are profitable
[9:36] My experience with cash in the bank
How to get back on track:
[11:07] Why is your business not profitable?
[14:07] What do we need to do to correct what went wrong?
[17:38] How long is it going to take?
[18:27] What resources do we have/need?
[19:50] What are our next steps?
Watch this episode on YouTube:
https://youtu.be/BsvTVnAtLrw
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including:
[1:39] Coin laying off 18% of its workforce
[5:19] Don’t be “that” entrepreneur or business owner
[8:48] Netflix down 70% - uniqueness doesn’t last forever
[12:12] What is your unique competitive advantage?
[15:03] 80/20 rule for entrepreneurs and business owners
Watch this episode on YouTube:
https://youtu.be/-zCYcRKu_Y8
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including:
[1:16] Tweet - I could have made more money working for someone else
[3:00] Cash flow quadrant for business owners
[4:19] It’s hard to run a business
[4:48] Why bother having a business?
[6:11] Why I started a business
[10:47] What is an entrepreneur’s job?
[12:52] Why own a business?
[18:32] Why wake up every morning and go to work?
Watch this episode on YouTube:
https://youtu.be/2gctRNM1KEc
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including:
[2:03] Creating value versus consuming value
Tweet
[15:40] “what happens if we can make payroll?”
Market
[19:55] 18-24 months of needing to be careful
Watch this episode on YouTube:
https://youtu.be/SYrsqQGhtQc
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including:
[00:53] Cash Flow Quadrant recap
[4:58] Multiple sources for revenue
[9:15] I stopped learning
Tweet
[14:39] Marshmallow experiment
[20:58] Don’t bury your head in the sand
Watch this episode on YouTube:
https://youtu.be/gOrw2VlQcrk
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including:
[1:15] Cash Flow Quadrant for Business Owners
[3:46] Managing personal burn rate
[5:26] Planning cash for our busy season
[6:56] On demand labour platform update
[8:56] Law of small numbers and maximizing what you have
Market News
[13:19] Layoffs and more jobs than ever are available
[15:54] US to raise rates to force inflation down
[19:09] Money doesn’t disappear - it moves
Tweet
[21:57] Wishful thinking
Watch this episode on YouTube:
https://youtu.be/qu38bIYUadE
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Tune in for dylan's updates including:
[00:58] Working on measured growth opportunities
[4:02] Managing tight cash flow
[7:21] Creating versus managing value
Market News
[9:29] Inflation is real and silent
[14:03] Crypto is unraveling
[19:24] Labour unionization strategy for Starbucks
Tweets
[24:52] Your business is not (most times) an ATM machine
[27:55] Use this time to build skills, solve problems
[30:54] Conflict delayed is conflict multiplied
Watch this episode on YouTube:
https://youtu.be/uEBfQjnTMMg
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.ca
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
Tune in for dylan's updates including:
[1:44] Real estate deal update
[3:42] On demand labour update
[6:52] Because of COVID we are lean and now need to grow
Market News
[8:38] Elon Musk / Twitter
[11:13] Amazon Netflix 1 month charts
[14:34] Unionization for Starbucks and Amazon
Tweets
[18:24] The further you are from the last bottom…
[21:06] There is no way around it - every win requires a certain volume of failure
[26:10] What you're currently trying to solve with process and policy is probably better solved by hiring better people
Watch this episode on YouTube:
https://youtu.be/zbTkqxoVnXc
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog and podcast:
https://dylangallagher.ca
Tune in today as Dylan goes through his recent tweets about:
- limited time, limited resources
- getting the right people on your team
- competing on price
Follow Dylan on Twitter:
@dylangallagher
Watch the video for this episode:
https://youtu.be/TWIVT-rY87o
Get your free instant business evaluation at:
www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.ca
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
Tune in today as Dylan goes through his recent tweets about:
-
cash flow management
-
not getting too far ahead of yourself
-
telling your competitors everything
Follow Dylan on Twitter:
@dylangallagher
Watch the video for this episode:
https://youtu.be/ciwgZPbEGtQ
Get your free instant business evaluation at:
www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.ca
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
Tune in today as Dylan goes through his recent tweets.
Follow Dylan on Twitter:
@dylangallagher
Watch the video for this episode:
https://youtu.be/U7rjkPu6ebg
Get your free instant business valuation at:
www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.ca
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Tune in today as Dylan goes through his recent tweets.
Follow Dylan on Twitter:
@dylangallagher
Watch the video for this episode:
https://youtu.be/EX4MGtb9BeE
Get your free instant business valuation at:
www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.ca
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Join guest host Chris Strom as he interviews Dylan Gallagher of Bridge Capital. This episode is full of detailed, practical tips on how to apply HubSpot to different uses in different businesses. If you're looking for tactical HubSpot advice, this is the episode for you.
You can listen to other "The Marketing Hero" podcast episodes here:
https://podcasts.apple.com/us/podcast/the-marketing-hero-podcast/id1522943821
Get your free business valuation here:
www.mlenow.com
Connect with Dylan on LinkedIn:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.ca
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher
www.soundcloud.com/cadegallaghermusic
Tune in today as Dylan chats with Erica Rankin of Bro Dough about starting and running a CPG business as well as her journey as a female entrepreneur.
Erica Rankin is a young Canadian entrepreneur who took a passion and turned it into a business. Launched in 2019, Bro Dough was created for consumers who prioritize their health and still want to enjoy a treat, without sacrificing their health or fitness goals.
You can connect with Erica Rankin here:
https://www.linkedin.com/in/ericabrodough/
http://www.brodough.ca/
Watch the live stream of this episode with Erica here:
https://youtu.be/7_nyhvTMg9Q
Get your free business valuation here:
www.mlenow.com
Connect with Dylan on LinkedIn:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.ca
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher
www.soundcloud.com/cadegallaghermusic
Tune in today as Dylan chats with Ken Tarry of Sequeira Partners about what entrepreneurs should know about selling their business.
Ken Tarry is Co-founder and Managing Partner at Sequeira Partners. Ken assists clients with all aspects of advisory services including business sales, valuations, succession planning, and executing merger and acquisition transactions.
You can connect with Ken Tarry here:
https://www.linkedin.com/in/ken-tarry-mba-3664a02/
https://www.sequeirapartners.com/our-people/ken-tarry/
Watch the live stream of this episode with Ken here:
https://youtu.be/9UmLzq5GyFU
Get your free business valuation here:
www.mlenow.com
Connect with Dylan on LinkedIn:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.ca
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher
www.soundcloud.com/cadegallaghermusic
Tune in today as Dylan chats with Rick Anderson of MNP about business bankruptcy and what entrepreneurs should know.
Rick Anderson is the Vice President at MNP LTD. with expertise in forensic and insolvency consulting. Rick spends his time working with owners and entrepreneurs to get the best outcome possible for businesses that are unable to meet their financial obligations.
You can connect with Rick Anderson here:
https://www.linkedin.com/in/rick-anderson-5b007a18/
https://mnpdebt.ca/en/personnel/rick-anderson
Watch the live stream of this episode with Rick here:
https://youtu.be/p9F9Sylx-Yk
Fix Your Business Course here:
https://dylangallagher.ca/fix-your-business/
Get your free business valuation here:
www.mlenow.com
Connect with Dylan on LinkedIn:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.ca
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher
www.soundcloud.com/cadegallaghermusic
Tune in today as Dylan chats with Andy Smith of Blacksmith Ventures about entrepreneurs that need some direction in how to grow their business.
Andy Smith is a two time entrepreneur and most recently the Co-Founder & CEO of BlackSmith Ventures which is helping founders of real American businesses grow, scale, & thrive.
You can connect with Andy Smith here:
https://linktr.ee/andysmithsmith
https://linktr.ee/blacksmithventures
Watch the live stream of this episode with Andy here:
https://youtu.be/itwBLMc-oGU
Get your free business valuation here:
www.mlenow.com
Connect with Dylan on LinkedIn:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.ca
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher
www.soundcloud.com/cadegallaghermusic
The New Year is here and in full swing. Tune in today as Dylan shares what he hopes to work on over 2022.
Get your free instant business valuation at:
www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.ca
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Every entrepreneur should know this revenue trick. Tune in today as Dylan shares how you can apply it to your business.
Get your free instant business valuation at:
www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Special Episode from Dylan's YouTube Channel. Tune in today as Dylan goes through a basic business valuation.
See the rest of the YouTube episodes here:
https://youtu.be/qeweGu-93UU
Get your free instant business valuation at:
www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Every day do something. Game of inches. Tune in today as Dylan shares the results he has been able to get following this simple rule.
Get your free instant business valuation at:
www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Finding a way to generate one more transaction per customer per year can have a big impact on your business. Every business has an opportunity to get one more transaction from most of their clients every year - even if that includes a referral.
Tune in today as Dylan talks through this thought exercise.
Get your free instant business valuation at:
www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
The best type of revenue a business can generate is organic revenue. The hardest type of revenue to generate is organic revenue. Paid revenue means your business will lose the revenue to the next company that pays a higher price. Organic revenue means your business owns its customers.
Tune in today as Dylan shares his thoughts on paid and organic revenue.
Get your free instant business valuation at:
www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Building a valuable business happens because an entrepreneur can anticipate what needs to be done and gets it done before their competition does it. When was the last time you had an idea that you either took from a competitor and made it better or executed on a strategy before your competitor did?
Tune in today as Dylan shares some thoughts on how to make sure you are moving your business forward.
Get your free instant business valuation at:
www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
You may think your business needs money but chances are your business needs to focus on fixing the parts of it that are broken. If your business is growing, what do you need money for? If your business is not growing, what does it need money for? Tune in today as Dylan shares some thoughts on how to deal with cash challenges.
What is the value of your business?
Find out now for free at: www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
What is your exit strategy? How much money do you hope to collect from your business? Will you collect it through fees, a paycheck or one large payout when it is sold? Thinking through this should change how you approach your business every day. Tune in today as Dylan shares some thoughts on exit strategies and why they matter.
1:05 - Introduction
3:13 - MailChimp and Canva news review
10:13 - Dylan's thoughts on exit strategies
What is the value of your business?
Find out now for free at: www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Netflix was punished this week as a result of a slowdown in subscriber growth. Investors are interpreting the slowdown as a sign that maybe Netflix's competition is taking revenue away from them. Tune in today as Dylan walks through some things to think about if your business isn't winning.
What is the value of your business?
Find out now at: www.mlenow.com
Click here for "What is your business worth? Episode 1"
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
20% of businesses earn 80% of the available market. The other 80% of businesses share 20% of the available market and that is why businesses fail. How do you move from the majority to the minority? By having a unique profit margin. Tune in today as Dylan provides some direction on how to escape the crowd.
What is the value of your business?
Find out now at: www.mlenow.com
Click here for "What is your business worth? Episode 1"
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Context is everything. If you are trying to build a valuable business you should know what milestone you are working towards. Tune in today as Dylan walks through 3 basic milestones that every entrepreneur should be aware of.
What is the value of your business?
Find out now at: www.mlenow.com
Click here for "What is your business worth? Episode 1"
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Has anyone ever asked you why you started a business? Have you ever asked yourself how much is enough? Tune in today as Dylan shares some thoughts about your business and its value.
What is the value of your business?
Find out now at: www.mlenow.com
Click here for "What is your business worth? Episode 1"
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Have you ever wondered what makes a business valuable? Tune in today as Dylan shares some insights about how you can work towards maximizing the value of your business.
What is the value of your business?
Find out now at: www.mlenow.com
Click here for "What is your business worth? Episode 1"
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Every entrepreneur thinks their business is worth more than it actually is. Tune in today as Dylan talks about the importance of using business valuation as a tool to help you discover the questions you should be trying to answer.
What is the value of your business?
Find out now at: www.mlenow.com
Click here for "What is your business worth? Episode 1"
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Click here for the YouTube video
What is your business worth? In this episode, Dylan Gallagher breaks down the value of a small business that may be a part-time job, side hustle or part-time gig.
Here are the Balance Sheet details:
$49,663 Assets
$23,231 Liabilities
$26,431 Equity
Here are the Profit and Loss details:
$50,292 Revenue
$42,959 Cost of Goods (COGS)
$7,333 Gross Margin
$16,053 Expenses
($8,720) Net Profit
Listen now and discover how you can increase the value of your business.
What is the value of your business? Find out now at https://www.mlenow.com
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
Is your business running out of runway? Could you use some space or a short break from your creditors? Tune into today to hear how Virgin Australia took advantage of an option that many entrepreneurs may want to consider.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Do you think every one is your customer? You may want to think again. Tune into today to discover what it means to focus on finding and serving your best customers.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Getting into business is easy. Running a business is hard. Taking money out of a business can be very hard. Tune into today to discover some tactics you can use to make sure you are in a position to take some money off the table.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Need some direction on how to position your business for success right now? Bed, Bath and Beyond has a plan for how they are going to improve their stock price and their strategy can be used by any entrepreneur looking for an example of how to plan for the (uncertain) future.
See my blog entry from January about Bed, Bath and Beyond here: https://wp.me/p2Ckbx-WX
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Are you looking to start a business? Do you have questions about how to set yourself up for success? Tune in today as Dylan provides some answers that can be used by new and seasoned entrepreneurs.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Having a basic understanding of your financial statements can have a profound impact on how you see your business and the decisions you make. Tune in today to discover some simple rules of thumb to follow.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
If your business has managed to make it through the past six months, today's podcast may give you some insights into how your business can make it through the next six months.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Do you want to reach your goals? Tune in today as Dylan shares his thoughts on how to balance dreams and reality to get the results you want.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Why do you matter? Why does your business matter? Tune in today as Dylan shares his thoughts on a perspective that you may not have considered.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
You think you know but you probably don't. Tune in today as Dylan shares some insights on conversion rates and why it's worth the work to figure out the basic ones in your business.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
It may not make sense today, but down the road it will. Tune in today as Dylan shares his experience with taking one day at a time and trusting that the outcome will take care of itself.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
It's not fair. It's not my fault. These words have been said by many entrepreneurs. Tune in today as Dylan shares his excuses and discusses why you need to get over them sooner rather than later.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Many entrepreneurs want to chase shiny things and new ideas. Tune in today as Dylan chats about what it means to be patient and how it can help your business if you are.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
In the midst of chaos it can be helpful to know where to find stability. Tune in and discover some simple questions you can ask yourself to stay focused each day.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Can your business afford to pay you, the entrepreneur, once a year? If not, that might be a good place to start if you are looking to work "on" your business instead of "in" your business. Tune in and discover some simple principles that can get you moving in the right direction.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
What do you have to lose by trying to change something in your business? Nothing. You may discover a new strategy or tactic that will ensure your business thrives during these tough times.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Every one knows that the secret to sales is building a relationship with your customer but to build a good relationship, there is one thing you must be focused on. Tune in and find out what it is.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
When you run out of inspiration and you can see that your team running on fumes, what do you do? Tune in and discover some steps you can take to find the magic again.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
There are lots of changes happening right now and there may be a very subtle change happening in your business that you haven't seen yet. Tune in to find out what it is and what opportunity you may have because of it.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
What did you think your business would look like in 10 years before COVID hit? Chances are you might already be in the process of taking those future strategies and ideas into account today. Tune in to find out how you can accelerate your results right now using this simple idea.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
GNC loses more than $185MM in revenue and gets crushed by $1B in debt. A familiar story for any entrepreneur running a business today. What can you do? Tune in to find out.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Many entrepreneurs spend money on people and resources that they don't know how to manage or use. Tune in today and see if you have some "boats" in your business that you need to get rid of.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Need more sales? Discover one thing you can do every day that is guaranteed to increase your sales. Tune in and find out what it is.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Are you looking for a banker, lender or investor to fund your business? You probably don't need them. Tune in and find out why.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Is your business generating sales but not profit? There may be a simple reason why. Tune in to find out what every entrepreneur should know about their business.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Part 2! Feeling stuck right now? Having a hard time generating sales or converting customers? Tune in as Dylan shares some thoughts about how to think about the products/services your business offers.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Feeling stuck right now? Having a hard time generating sales or converting customers? Tune in as Dylan shares some thoughts about how to think about the products/services your business offers.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Tune in as Dylan shares some thoughts about what might happen over the next few months and how you might want to think about the impact potential events may have to your business.
Connect with Dylan on LinkedIn at:
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dylan's blog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan chats with Marcin Drozdz on The Game Podcast about how COVID is impacting entrepreneurs and where the opportunities are.
Give it a listen.
- How did you get started? (03:38)
- Patterns between 2008 vs 2020 (06:59)
- Common traits of businesses that survived the last recession (11:33)
- How do traditional businesses pivot?
- Office Space vs Remote Working (19:09)
- Is the Government doing enough? (27:17)
- Will the post COIVD economy be more self-sufficient? (35:26)
- What advice would you give a business owner? (42:16)
- Opportunities in the post COIVD economy? (49:15)
Make sure to check out The Game Podcast where Marcin Drozdz interviews some of the best and smartest people out there that have absolutely crushed it in game of business, sports and life in general.
The Game with Marcin Drozdz
Connect with Dylan on LinkedIn at:
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Need to breathe new life into your sales program or create a new one? Tune it as Dylan shares 5 things that will help you boost the sales and marketing activities in your business.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Are you considering taking money from the government or deferring payments? Tune it as Dylan shares his thoughts on loading up your balance sheet with additional obligations.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Need something to focus on right now other than the current state of affairs? Tune it as Dylan shares 5 questions you could be answering now to help you make sure your business is ready when the market settles down.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Stuck feeling negative about everything going on right now? Tune it as Dylan shares a principle that has helped him get through some tough moments.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
This podcast summarizes 10 problems small business owners are struggling with right now that they wish more people, including their staff, bankers, and government representatives understood. As you listen, think of your local plumber, mechanic shop, construction company, supplier of goods and businesses that employ every day people who are providing for their families.
(Click here for the complete blog entry)
- Drop in revenue
- Customers not being able to pay
- Hours not available for workers to work
- No cash reserves to pay for idle staff
- Loans are not helpful because they have to be repaid
- Remote work is not an option
- Businesses are already leveraged
- Potential lawsuits
- Lack of support to make decisions
- The speed of changes and uncertain outcomes
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
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Need perspective right now? Tune in and listen to Dylan shares five (5) tips for getting through a tough moment.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
-
What is your competitive advantage? (4:28)
-
Is what you are doing working? (11:53)
-
$3 Billion dollar Rockstar (17:33)
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Are you worried about what is happening in the market right now and how it will impact your business? Tune in to discover some things you should know.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
-
Is your business right sized? (2:45)
-
Get busy executing (9:44)
-
What is your business good at? Double down on that. (13:54)
-
Cut your losses so you can win. (19:18)
-
Pull out all the stops (25:08)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Having a tough time figuring if your business will make it? Here is a strategy to help you stay focused.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
-
What is the easiest goal you can set? (3:02)
-
Growing your business is a good thing right? (10:35)
-
Eventually something connects (17:38)
-
If you can’t beat them, copy them (23:08)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Here's how you can easily access financing for your business. Ready to do the work?
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
-
Everything changes. Always be ready. (2:57)
-
How keeping things simple can help your sales (7:30)
-
Who’s better than your business? (13:15)
-
What is your business re-investing in? (17:30)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Why is it important to fail fast? Why is it important to make mistakes quickly and move on? Tune in today to find out.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
-
Does your business compete on price? Maybe it shouldn’t. (3:27)
-
You can’t discount your way to profit. (8:57)
-
Zig when other zag. (13:40)
-
How can you easily find new customers? (19:04)
-
Why is being profitable so hard? (23:51)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Is your business looking for financing? Are you frustrated with the conversations you are having with banks, lenders and investors?
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
-
Just say “I’m sorry” (3:24)
-
What worked then probably doesn’t work now. (9:14)
-
ExxonMobil’s value drops $184 billion. Even the best stumble. (14:48)
-
Apple vs. Swiss - you can always do more. (20:22)
-
A little humility can ensure success. (25:23)
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Learn more about how Bridge Capital is helping entrepreneurs fix, fund and grow their business through its bridgeCAP Account.
Get your bridgeCAP Account here:
👉 http://bit.ly/36WBvLn
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
1. Remember when your business was self-funding? Elon does. (03:42)
2. Every entrepreneur is betting on the future. (08:33)
3. Sometimes the magic runs out. (14:58)
4. Tim's is going back to basics. Should you? (20:12)
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
1. Like Netflix & Chill Ice Cream your business may have an obvious opportunity. (02:38)
2. Are your profits a Ferrari or a Mercedes-Benz? (07:16)
3. Little Caesars leverages DoorDash to win marketshare. (13:40)
4. A bad decision and $200MM of debt. (18:19)
5. Getting ahead of yourself is ok if you have a plan. If not, adjust. (23:52)
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
What small steps are you taking on a regular consistent basis to get your business to where you want it to be?
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
1. People matter. Taco Bell to pay managers $100K per year. (03:03)
2. Learn from your mistakes and adjust like Bed Bath & Beyond. (08:04)
3. 119 stores closed. Bose ends an era (13:06)
4. Amazon might inspire your business to give back. (18:28)
5. Need an emergency loan? So does Aston Martin. (23:02)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
It's a new year and a new decade. Here is something to think about as you get going.
Connect with Dylan on LinkedIn at:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Nobody should know more about your business than you do.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
1. Ted Baker should have made tough decisions sooner. Should you? (02:18)
2. When the market changes do what Harley Davidson is doing. (07:06)
3. $4B in sales to bankruptcy. Forever 21 is a lesson in how not to grow. (13:07)
4. Monica + Ryan + gin = marketing opportunity (19:44)
5. Robinhood went from 1st place to last place. Where is your business? (24:49)
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Looking for an easy way to stabilize and grow your business? Build a customer experience path.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
1. Imagine selling more than what you expected. Cyber Monday. (02:11)
-
Feeling Blue? So it JetBlue (07:44)
-
Be the best once and do it again. Like Warby Parker. (13:04)
-
Win-win. Rent the Runway makes a good partner (18:58)
-
Every business has a weak spot. What’s yours? United Airlines (25:30)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
When you are looking to increase your revenue but can't afford to increase your overhead - what do you do?
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
1. Ford has $37 billion in the bank and is being cautious. What about you? (01:50)
2. Don’t overthink. Improving your bottom line could be this simple. (07:08)
- A real life business turnaround (hopefully) (13:04)
4. What do you do when costs rise faster than sales? Don't ask MEC. (20:07)
5. BMW is proof how thinking ahead can help your business. (26:20)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
When your business is running thin or light on cash, it can be tough to make decisions. Tune in and get some tips on how you can make good decisions as an entrepreneur.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
-
One company’s garbage is another company’s treasure. Gas and bitcoin mining – who knew? (02:20)
-
Sometimes you have to shut it down. (07:21)
-
A $206,000,000 share purchase validates RH is on to something. (12:38)
4. How do you make money when your price is zero? (18:34)
- Find your passion. Grow a business. RIP Jake Burton Carpenter. (25:51)
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
50% of entrepreneurs fail by their fifth year in business. There are two key aspects that an entrepreneur should pay attention to if they want to make it past the 5 year mark. Tune in to find out what they are.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Dylan breaks down current new headlines of entrepreneurs trying to fix, fund or grow their business:
-
Want to learn how to counteract problems? Watch Airbnb’s Chesky? (04:01)
-
Does Disney+ compete with Netflix? Are you sure? (11:54)
-
Need a simple way to leverage your business into new revenue? CloudKitchen. (17:39)
4. A boost of encouragement thanks to Tesla :) (23:30)
5. Managing your team can be tough. Just ask Google. (29:24)
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
Growing your business matters. It matters to your team and to your bottom line. If you want to understand why growth matters - tune in and take notes.
Connect with Dylan on LinkedIn at:
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dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
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- music by Cade Gallagher www.soundcloud.com/cadegallaghermusic
If there is something going on in your business that is causing you to feel frustrated and anxious, the best thing you can do is to counteract - not react.
Connect with Dylan on LinkedIn at:
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dylan's blog:
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- music by Markvard (Everybody) http://soundcloud.com/markvard
If you are having a hard time increasing your sales but still want to increase your profits, how do you do it? Listen to this episode if you want to increase your profits but sell less.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Being an entrepreneur means it can be tough to talk out loud about the challenges you are having. Fear can lead to frustration which can wear you down. Here are some thoughts to help you get through a tough moment.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Lots of talk these days about a slowdown in the market. Is your business ready for a recession? Here are a few things to think about as the market cools off.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Dylan responds to questions from entrepreneurs who are looking for answers:
-
Apart from equity and debt, is there a third form of raising money? (02:09)
-
If most entrepreneurial endeavours fail, why is everyone still trying? (06:44)
-
What is one thing I can do to make my business stand out from every other business like mine? (11:25)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Can you explain what your business does without mentioning the products or services it offers? If your sales plan needs some creativity or you want better results, try revisiting this question for your business.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Does the money you take out of your business equal the value you are putting in? When should you be on payroll and when should you take some profit?
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
It's hard enough to focus when times are good and especially hard to do when life is not working out. Here are some thoughts on what you can focus on if your business is in trouble.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Are you considering filing a proposal with your creditors? Are you concerned about what might happen? Here are some things to consider as you take the next step.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Dylan responds to questions from entrepreneurs who are looking for answers:
-
How do you start your day if you own your own business? (02:28)
-
How can you build business credit fast and get a loan? (07:04)
-
How did you overcome a big financial loss in a small business at middle age? (11:07)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
If you business is in trouble and nothing is working - stop. Take a moment, take a breath and let’s work through it together.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Dylan responds to questions from entrepreneurs who are looking for answers:
-
How much should I pay myself as an entrepreneur/owner? (03:27)
-
I hear a recession is coming. What should our business do? (08:12)
-
How do I know when it’s time to grow my business? (12:38)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Dylan responds to questions from entrepreneurs who are looking for answers:
-
What is the easiest way to grow an existing business? (02:17)
-
How does a small business stand out in a crowded market? (08:29)
-
Why are most small business loan requests declined? (13:56)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Dylan responds to questions from entrepreneurs who are looking for answers:
-
What are good ways to tackle debt without claiming bankruptcy? (02:22)
-
Given the dynamic nature of business, is a business plan necessary? (08:40)
-
How does building a business with the goal of being acquired, differ from building a business you intend to own and operate? (13:32)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Questions #entrepreneurs ask - 07/31/2019 - FULL EPISODE
Dylan responds to questions from entrepreneurs who are looking for answers:
-
How do you know that your business model does not work and get over the fact that it is not working? (01:49)
-
What is unsustainable about using the financial model of “other people's money”? (07:59)
-
I don’t understand cash flow. What are some simple rules I can use to manage the cash in my business? (12:02)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Questions #entrepreneurs ask - 07/24/2019 - FULL EPISODE
Dylan responds to questions from entrepreneurs who are looking for answers:
-
Should I consolidate the debt in my business with a single loan? (02:15)
-
I am scared to raise my prices. What do I do? (08:06)
-
My business has a website but I don’t know what it is doing for us. What should I do? (13:11)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
d
Questions #entrepreneurs ask - 07/17/2019 - FULL EPISODE
Dylan responds to questions from entrepreneurs who are looking for answers:
-
What is the right way to ensure that your company succeeds in your absence? (02:25)
-
What is an opportunistic entrepreneur? How do they differ from artisan entrepreneur? (06:43)
-
What is a key point in entrepreneurship that people tend to miss? (10:54)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Questions #entrepreneurs ask - 07/10/2019 - FULL EPISODE
Dylan responds to questions from entrepreneurs who are looking for answers:
-
Should I deal with my creditors outside of court? (02:24)
-
Where do I begin fixing my business? (09:45)
-
What are the uses for a balance sheet? (15:25)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Questions #entrepreneurs ask - 07/03/2019 - FULL EPISODE
Dylan responds to questions from entrepreneurs who are looking for answers:
-
How do you buy a business with no money? (02:07)
-
Is it better to start a business with a co-founder or by yourself? (06:45)
-
What's your biggest challenge as a small business owner when building a website? (11:31)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Questions #entrepreneurs ask - 06/26/2019 - FULL EPISODE
Dylan responds to questions posted on Quora by entrepreneurs looking for answers:
-
What strategies can help you survive and grow as a small business in a struggling economy? (01:39)
-
What is a better business growth strategy: selling more of the same product, expanding product offering, or both? (08:31)
-
What are the best strategies to prepare for an upcoming meeting with potential investors or partners? (13:58)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Questions #entrepreneurs ask - 06/19/2019 - FULL EPISODE
Dylan responds to questions posted on Quora by entrepreneurs looking for answers:
-
If my first business is likely to fail, what’s the point of starting it? (01:32)
-
Why does rapid growth often cause companies to go under? (07:46)
-
Is it better to focus on just one business and see it grow before starting another or should one try to build more than one business at a time? (13:31)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Questions #entrepreneurs ask - 06/05/2019 - FULL EPISODE
Dylan responds to questions posted on Quora by entrepreneurs looking for answers:
-
How do you stay focused when starting up a business without getting discouraged by the hard times? (01:54)
-
How does one measure a business’s success? After 8 years is $1.5MM revenue and 350k net organic growth successful? (06:51)
-
What did you do when your business ran out of cash to get it back on track? (10:37)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Questions #entrepreneurs ask - 06/05/2019 - FULL EPISODE
Dylan responds to questions posted on Quora by entrepreneurs looking for answers:
-
Why are business plans so important to investors? (01:50)
-
In general, which is the cheapest form of financing: cash flow financing, equity financing, or debt financing? Why? (08:09)
-
How can I grow my CA practice with the right business loan? (14:26)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Questions #entrepreneurs ask - 05/29/2019 - FULL EPISODE
Dylan responds to questions posted on Quora by entrepreneurs looking for answers:
-
How can I determine the right criteria when looking for a business partner? (01:47)
-
What are the pros and cons of equity financing over debt financing? (07:01)
-
What should a small business owner know about bookkeeping? (14:43)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Everybody) http://soundcloud.com/markvard
Questions #entrepreneurs ask - 05/22/2019 - FULL EPISODE
Dylan responds to questions posted on Quora by entrepreneurs looking for answers:
-
For business owners that have had businesses fail, what is the best advice you can give someone planning on starting one? (00:37)
-
I am finding it difficult to manage my personal finances after starting my own business. What do I do? (05:04)
-
What is your “why” for starting your business and how has it changed since you started? (11:18)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Joakim Karud (Harmony) http://soundcloud.com/joakimkarud
Dylan responds to questions posted on Quora by entrepreneurs looking for answers:
-
What are my best options for financing a small business? (00:49)
-
How does one finance a buyout of other shareholders in a family business? (06:18)
-
What is the critical difference between a balance sheet and income statement? (9:59)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Joakim Karud (Feel My Love) http://soundcloud.com/joakimkarud
Dylan responds to questions posted on Quora by entrepreneurs looking for answers:
-
What is the best way to set your 5 year goals for building a business? (00:59)
-
What are some unexpected roadblocks in starting your own business and how did you overcome them? (06:07)
-
Which is more important for entrepreneurs? The ability to size up an opportunity or decisiveness acting on it? (10:39)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Feel My Love) http://soundcloud.com/markvard
Dylan responds to questions posted on Quora by entrepreneurs looking for answers:
- How long would you wait before expanding your business? (00:56)
- How risky is it to start a business with a partner? (06:01)
- How do I know whether my company is growing or not? (10:48)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
- music by Markvard (Colors) http://soundcloud.com/markvard
Dylan responds to questions posted on Quora by entrepreneurs looking for answers:
- What should one do instead of closing a business if you are making a loss? (00:38)
- What is the biggest problem of small business owners related to growing their businesses? (08:40)
- What is the difference between a good idea and success? (14:36)
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
"music by Not The King (Point Blank) https://soundcloud.com/coreygagne"
FACT: Many businesses fail. There are many reasons why a business fails or why a company declares bankruptcy. Most business bankruptcy happens because debt owed to secured creditors like banks and lenders or unsecured debt owed to vendors, suppliers and/or the government becomes unmanageable.
Things to Consider:
- Bankruptcy vs. Receivership?
- Receivership vs. Division 1 Proposal?
- Creditor Proposal vs. Bankruptcy?
The decision you make for your business really depends upon what options it has available to restructure, reorganize and repay its creditors. Getting help or advice is important to make sure that you have explored all of your options.
Listen now to learn more about bankruptcy, receivership and creditor proposals.
Connect with Dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
dylan's blog:
https://dylangallagher.wordpress.com
dylan's vlog:
https://www.youtube.com/c/DylanGallagherVlog
"music by Joakim Karud (Show Love) https://soundcloud.com/joakimkarud"
"Every dollar we spent has to count right now"
Every business today is in the people business. Entrepreneurs often overlook the opportunities locked up in the people that are working for them or with them. A business can find new revenue or improvements to their margin by engaging the people that are actually doing the work. In my experience, an entrepreneur will pay close attention to the people in their business when times get tough and when every dollar has to count. It's unfortunate but the reality is that limited money and resources force creativity which becomes the catalyst for changes and improvements. Where is the best place to find creativity? From the people in your business.
Read the blog here: https://dylangallagher.wordpress.com/2018/12/04/1-opportunity-overlooked-by-almost-every-entrepreneur
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: Dreams - X50"
"How does your business make money? Are you sure?"
This question always catches unsuspecting entrepreneurs off guard but also creates a great conversation that can lead to new ideas for solving problems and taking advantage of opportunities. Many businesses focus on the product or service that they offer to the marketplace and not necessarily the problem they are solving. Common logic says that if you are the best provider of a product or service in the market that your business should be the market leader. But is this true? What makes a great product or service? The secret to every great business is that it understands the problem it is solving not the product or service it is providing. You may think this is a nuanced difference but it really isn't. In fact, two businesses offering the exact same product or service may have two different problems they are solving. The key to profitability is being able to understand the problem that your customers or clients are paying your business to solve.
Read the blog here: https://dylangallagher.wordpress.com/2018/11/27/the-secret-to-every-great-business/
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: Point Blank - Not The King"
"We just need some money!!! No you don't..."
It seems simple. Your business needs money and so you begin looking for it. It then seems impossible. You discover you have limited options, if any at all. You are frustrated because you are not getting the answers you want and can't understand why no one wants to help. If you are like most entrepreneurs you have probably failed to explain the problems that have lead to your request for money. You have probably failed to explain the solutions that your business is pursuing to address the problems and how money will help to facilitate a positive result. In short, you have failed to provide a compelling reason for someone to help your business. There is a simple way to present your request and get the money you are looking for.
Read the blog here: https://dylangallagher.wordpress.com/2018/11/21/why-money-isnt-the-answer/
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: Everybody - Mark Vard"
"Got our year-end financials and need your input!!!"
Reading the financial statements for your business can be a very boring and unproductive exercise if you don't know what you are looking at and what you are looking for. While entrepreneurs are rarely financial experts, they do have access to financial experts who can help answer their questions - which is part of the problem. Many entrepreneurs don't know what questions to ask and are easily confused by the terminology, presentation and results found on their Balance Sheet and Profit/Loss Statement. Knowing what questions to ask can help you understand what you need to focus on and if you can find a way to keep your perspective simple, you might just unlock some hidden value.
Read the blog here: https://dylangallagher.wordpress.com/2018/11/12/how-to-unlock-the-value-found-in-your-financial-statements/
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: Just Us Two - Bonus Points"
"We aren't going to make payroll"
At some point every entrepreneur will have a sleepless night because they won't know how they are going to make their next payroll. By the time these thoughts are passing through their mind they would have already missed some warning signs along the way. While this is a very tough moment to get through, it is also a very important moment. Any entrepreneur that is doing something worthwhile will eventually reach the edge of a chasm that they will need to get across in order to succeed. There is no greater pressure point than having to face the people on your team who pay for their life with the job your business provides.
Read the blog here: https://dylangallagher.wordpress.com/2018/11/06/1-phrase-every-entrepreneur-has-said-or-will/
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: West Coast - Mark Vard"
"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"
"A business will make money in a down market and collect it in an up market"
Running a business isn't easy. Every day there are challenges, opportunities, tasks and issues that all contribute to where a business finds itself at any given time. To help get through the daily grind an entrepreneur will use business coaches, consultants, webinars, training sessions and many other tools to ensure they are building their business properly. While these tools are very helpful there are certain principles that an entrepreneur can follow to guide their efforts each day. One of those principles is understanding what your business is fundamentally trying to do each day - is it learning how to make money or is it collecting money and reinvesting the results? This may seem like a strange concept but your ability to understand it can have a profound change in how you approach the daily grind of your business.
Read the blog here: https://dylangallagher.wordpress.com/2018/10/02/1-principle-every-entrepreneur-can-use-to-create-a-great-business/
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: Road Trip - Joakim Karud"
YouTube + Quora Live Episode
Listen now to discover the answers to these questions:
- Is it a good decision for banks to provide rescue financing to Remington? (1:21)
- How does one finance a buyout of other shareholders in a family business? (5:31)
- What are my best options for financing a small business? (7:40)
- What did Jeff Bezos mean when he said "Your margin is my opportunity."? (10:48)
Watch this episode on YouTube: https://youtu.be/LrgFgQysxrs
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: X50 -Dreams"
YouTube + Quora Live Episode
Listen now to discover the answers to these questions:
- What basic analysis can a small business owner do with invoices and cost documents to better understand the financial situation? (1:12)
- What is the best blue collar business to become a millionaire? I am 20 years old and I really want to be successful. (6:01)
- What are the different milestones of entrepreneurship? (10:39)
- What is the difference between a good idea and success? (15:08)
Watch this episode on YouTube: https://youtu.be/9WVH6LeH8x0
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: Liam M. - In My Soul"
YouTube + Quora Live Episode
Listen now to discover the answers to these questions:
- How can I grow my CA practice with the right business loan? (1:27)
- What is the best way to make your small business run itself for you to have more time for either family or another business idea you want to start? (8:14)
- My co-founder is threatening to quit unless I give him more equity. What should I do? (12:13)
Watch this episode on YouTube: https://youtu.be/f7zgV3eUVJM
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: Jordyn Edmonds - Sweet Baby"
Even if you hate formulas there is one that you should memorize and work to solve each day. The effort will be worth the reward. Not only will your business have disproportionately higher profits compared to the rest of the market it will also be disproportionately more valuable.What is the formula? Listen now to find out.
Watch this episode on YouTube: https://youtu.be/O7-nkDsd-As
LinkedIn: www.linkedin.com/in/gallagherdylan
"music: Markvard - West Coast"
YouTube + Quora Live Episode
Listen now to discover the answers to these questions:
- What are the crucial differences between a balance sheet and income statement in financial accounting every entrepreneur should know? (1:05)
- What makes your business great? How? Why? (4:54)
- What is the right way to ensure your company succeeds in your absence? (8:34)
- What should all aspiring entrepreneurs know about developing a business strategy? (12:50)
Watch this episode on YouTube: https://youtu.be/WmuFKtygR0g
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: Joakim Karud - Rock Angel"
YouTube + Quora Live Episode
Listen now to discover the answers to these questions:
- What are the biggest financial decisions you have or will have to make for your business? (0:45)
- What do you wish you had more help on when it comes to running your business? (6:20)
- What are the best and most suitable business models for the present time? (10:41)
Watch this episode on YouTube: https://youtu.be/GNhUAR2ddl4
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: Sappheiros - Lights"
YouTube + Quora Live Episode
Listen now to discover the answers to these questions:
- Why do business owners sell their business? (0:57)
- What is an opportunistic entrepreneur? How do they differ from artisan entrepreneurs? (5:44)
- Do banks lend you 100% of a business's value? (8:30)
- What aspects of being a CEO for a successful company do you find difficult or challenging? (12:52)
Watch this episode on YouTube: https://youtu.be/wXDe_yMz2t8
LinkedIn: http://www.linkedin.com/in/gallagherdylan
Music "Joakim Karud - Road Trip"
Listen now to discover the answers to these questions:
- How do companies choose whether to opt for debt financing or equity financing? How does it differ in different levels of companies? (0:50)
- Why is competition an important factor that has to be studied before putting up a business? (6:28)
- How do you stay focused when starting a business without getting discouraged by the hard times? (9:19)
- To have a controlling interest do I need 51% ownership of a business or are voting rights just as good? (14:00)
Watch this episode on YouTube: https://youtu.be/Tn6A45NQbvM
LinkedIn: http://www.linkedin.com/in/gallagherdylan
Be number one in your market or go and do something else because your business will only be as good as everyone else's which means it will not be as profitable as it should or could be. Learn from the examples of Fitbit and GoPro who both had leadership market positions and now are struggling to keep up with their competition.
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: Joakim Karud - By The Croft"
Why did I decide to close my brokerage? Because I got scared and panicked as many entrepreneurs and business owners do when the market falls. Listen now to see what I should have done instead.
LinkedIn: http://www.linkedin.com/in/gallagherdylan
"music: Markvard - West Coast"
Listen now to discover the answers to these questions:
- How does one measure a business’s success? After 8 years is $1.5MM revenue and 350k net organic growth successful? (1:16)
- What is the perfect deal for an investor in a small business? (6:56)
- How can I buy a business for $5 Million when I have little to no down payment? (10:54)
- How do I get startup capital to help me take my small business (bakery) to the next level? I am struggling to stay ahead? (15:08)
Watch this episode on YouTube: https://youtu.be/LNUVApzYEZc
LinkedIn: http://www.linkedin.com/in/gallagherdylan
Music: Jesus Munoz - Makes Me Wonder
Many entrepreneurs think they own a business but actually have a job. How can you build a valuable business and get out of doing the day to day work? Listen now to find out.
Watch this episode on YouTube: https://youtu.be/Zw6o6NTbQyI
LinkedIn: www.linkedin.com/in/gallagherdylan
"music: Markvard - West Coast"
Listen now to discover the answers to these questions:
- When starting a business is it better to start your own business or go with a franchise? (0:58)
- What is a key point in entrepreneurship that people tend to miss? (5:15)
- How does a business stand out in a crowded market? (9:04)
- What did you do when your business ran out of cash to get it back on track? (13:45)
Watch this episode on YouTube: https://youtu.be/4v8JKEdIaJ8
LinkedIn: www.linkedin.com/in/gallagherdylan
Music: Jordyn Edmonds - Sweet Baby
Listen now to discover the answers to these questions:
- What challenges do small business owners and entrepreneurs face when dealing with their personal finances? (1:19)
- What advice would you give an entrepreneur and explain why entrepreneurs shouldn't take VC money? (8:22)
- What ways do small businesses have an advantage over large businesses? (12:48)
- What are some signs that your company is focused on the wrong metrics? (17:04)
Watch this episode on YouTube: https://youtu.be/01ZTy9B_mm0
LinkedIn: www.linkedin.com/in/gallagherdylan
Music: Dj Quads - Just Brake Free
The first of 100 Business Health Checks is done! Watch now to find out what this entrepreneur learned as we explored his business, margins, staff and prospects for the future.
Watch this episode on YouTube: https://youtu.be/SluTfmg4iM0
LinkedIn: www.linkedin.com/in/gallagherdylan
"music: Inkson - City"
Listen now to discover the answers to these questions:
- I have failed in my last 5 business attempts. What is the best advice you can give me? (1:01)
- How do some entrepreneurs manage to come up with solutions to the toughest problems? (4:39)
- What business would be a good for a single mom of 2? (9:04)
- What was some of the best advice you got when starting your own business? (14:10)
Watch this episode on YouTube: https://youtu.be/JJkJXqZ7gEU
LinkedIn: www.linkedin.com/in/gallagherdylan
Music: Dj Quads - Just Brake Free
Is your business #1 in its market? Netflix is a case study on how a business becomes #1. Markets are changed by entrepreneurs and companies that chase their own vision of the future. They base their decisions on what they think could be possible and then pursue it at all costs. What is your business doing to become #1 because anything other than that position means your margins are low and your business isn't as valuable as it could be.
Click here to watch this episode on YouTube: https://youtu.be/sol1_trKcGA
LinkedIn: www.linkedin.com/in/gallagherdylan
Link used in today's vlog:
https://venturebeat.com/2017/10/17/netflixs-original-content-strategy-is-crushing-rivals/
"Music: A U K - The Moment I Wake Up"
YouTube + Quora Live Episode recorded January 9, 2018
Listen now to discover the answers to these questions:
- What steps do I take to start a business? (1:00)
- Under what circumstances would it be appropriate to turn down business from an existing or potential client? (8:17)
- How good or bad is it to start a business with a loan? (13:58)
- How do I know whether my company is growing or not? (19:58)
Watch this episode on YouTube: https://youtu.be/1hnL6jMYzEM
LinkedIn: www.linkedin.com/in/gallagherdylan
Music: Ikson - With You
Are you one of the 100 entrepreneurs we are looking to help this year? We are embarking on a mission to help 100 entrepreneurs start, grow or fix their business in 2018. Why? Listen now to find out.
Watch this episode on YouTube: https://youtu.be/vhOJqdz89SQ
LinkedIn: www.linkedin.com/in/gallagherdylan
"music: Inkson - Last Summer"
Having worked with entrepreneurs and business owners for more than 20 years I can say unequivocally that most businesses fail because they don’t know what they don’t know. Many businesses start out with an idea to deliver a product or service to the market. As the business moves along the owner or entrepreneur doesn’t know what variables they should be looking at in their business to ensure success. This doesn’t mean that every business should have a detailed business plan because that won’t take into account the change in circumstances or market that are guaranteed to happen. What is means is that a business typically lacks some simple guideposts that it can measure its progress (or lack thereof) against and adjust as necessary. Businesses don’t have to fail at the rate in which they do but unfortunately when you don’t know what you don’t know circumstances and changes can be difficult to navigate through until its too late.
Click here to watch this episode on YouTube
Facebook: http://bit.ly/2ntaWI7
LinkedIn: www.linkedin.com/in/gallagherdylan
"music by Joakim Karud https://soundcloud.com/joakimkarud"
Does your business have super fans or customers that would buy anything your company offered? United Masters is a new company that Google has invested in because it is giving artists the opportunity to interact with their fans in ways never seen before which may disrupt the music industry. What about your business? What are you doing to cater to the best customers or clients your business has? Taking time to think about your top customers could lead to new opportunities.
Click here to watch this episode on YouTube
Facebook: http://bit.ly/2ntaWI7
LinkedIn: www.linkedin.com/in/gallagherdylan
Link used in today's vlog:
https://techcrunch.com/2017/11/15/united-masters/
"music by Corey Gagne Not The King https://soundcloud.com/coreygagne"
Have you ever wondered how to buy a business? There are many different things to know but you can start by defining why you want to buy a business. Is it in distress? Is the existing ownership looking for an exit strategy or is it a good investment opportunity? The next question to answer is how will you pay for it? With cash? Cash and equity from the current owner or outside investors? Cash and debt from a bank? Listen now to discover some key points that you should keep in mind if you are interested in buying a business.
Click here to watch this episode on YouTube
Facebook: http://bit.ly/2ntaWI7
LinkedIn: www.linkedin.com/in/gallagherdylan
"music by Joakim Karud https://soundcloud.com/joakimkarud"
There is no question that Apple is better than Samsung when you measure customer experience and profit margin. While the cost of the devices they sell may be very similar the revenue each of them earn is very different. Why? Because Apple knows that “a brand must be investing and committing to providing the best shopping and service experience possible” *. This enables them to earn more than Samsung. Is your business providing the best customer experience possible?
Click here to watch this epsiode on YouTube
Facebook: http://bit.ly/2ntaWI7
LinkedIn: www.linkedin.com/in/gallagherdylan
Link used in today's vlog:
- https://techcrunch.com/2017/10/24/why-samsung-doesnt-beat-apple-where-it-matters/
"music by Joakim Karud https://soundcloud.com/joakimkarud"
“My Starbucks Rewards” members are about three times more likely than non-members to buy more than one Starbucks beverage a month and two times more likely to buy more than one food item based on a recent survey. Many businesses spend so much time chasing the next new customer that they ignore the opportunity to generate more sales from or through their existing customers. Do you want to increase your sales 3X? Find a way to consistently generate 3 more sales opportunities from existing customers.
Click here to watch this episode on YouTube
Facebook: http://bit.ly/2ntaWI7
LinkedIn: www.linkedin.com/in/gallagherdylan
Link used in today's vlog:
http://www.barrons.com/articles/one-worrisome-sign-in-starbucks-earnings-1501253969
"music by Joakim Karud https://soundcloud.com/joakimkarud"
Coke does it. Under Armour does it. Almost every large company does it. They produce valuable content for their customers. Content marketing is a great way to easily increase your sales. Every business has interesting topics to share with their market and remember that you have probably forgotten more than your customers know. Don’t take that for granted. Start creating content today and use it to market your brand, products and offers.
Click here to watch this episode on YouTube
Facebook: http://bit.ly/2ntaWI7
LinkedIn: www.linkedin.com/in/gallagherdylan
Link used in today's vlog:
https://www.entrepreneur.com/article/302119
"music by Dyalla Swain https://soundcloud.com/dyallas"
How can your business take first place in the market? Become a market leader in a niche that serves a very specific customer. If your business isn’t first place then your profit margins will suffer and you will always be chasing the competition. Within your market find a category or niche of specific customers that your business can serve and become the leader.
Click here to watch this episode on YouTube
Facebook: http://bit.ly/2ntaWI7
LinkedIn: www.linkedin.com/in/gallagherdylan
Link used in today's vlog:
https://www.bloomberg.com/news/articles/2017-10-25/the-new-model-in-running-apparel-we-re-not-nike
"music by Joakim Karud https://soundcloud.com/joakimkarud"
Netflix is borrowing $1.6B to fund a list of expenses to help them grow. Borrowing money isn’t a bad thing unless you don’t have a plan. How would your business turn $1 into $3 if it could borrow the $1? Many entrepreneurs and business owners can’t specifically answer this question. The answer is the key to using money as a resource instead of a safety net.
Click here to watch this episode on YouTube
Facebook: http://bit.ly/2ntaWI7
LinkedIn: www.linkedin.com/in/gallagherdylan
Link used in today's vlog:
https://techcrunch.com/2017/10/23/netflix-is-raising-1-6b-in-debt-as-its-content-costs-balloon
"music by Joakim Karud https://soundcloud.com/joakimkarud"
Snap has hundreds of thousands of unsold spectacles. They decided to make a move into the hardware market and are learning as they go. How do you profit from failure? The truth is that failure is only failure if you give up. If you are able to revisit why you failed and what you were trying to achieve you must be surprised to find other strategies or changes you can still make to meet your goal.
Click here to watch this episode on YouTube
Facebook: http://bit.ly/2ntaWI7
LinkedIn: www.linkedin.com/in/gallagherdylan
Link used in today's vlog:
https://www.theverge.com/2017/10/23/16523568/snap-spectacles-unsold-units-hundreds-thousands-report
"music by Joakim Karud https://soundcloud.com/joakimkarud"