Venture CFO: Recent Episodes
CFO Stan
Revealing business secrets so that you can straight up model, simulate and duplicate to Read, Recruit and Lead people, Search, Spend and Multiply money.CFO Stan is a smart money strategist and a skeptical accountant, which led him to think something he always thought was ridiculous, i.e. coaching. “I know myself better than anyone. How could anyone dare to come along and suggest they know me better” He wrote the “Next Level Boss - The Secrets” book and co-author candid book “Ocean in the Pond” -- and now, in this podcast, Stan Teach and Talks with entrepreneurs and professionals who are prepared to do what it takes to get to where I want to be. Basically, this show ventures into the next level and is obsessed to solve business problems: The problem is we cannot see what we do not know. We have probably got to where we are and do not know what it is that will enable us to get to where we want to be. Now is the time to take action.
How many of you doing business now need a quick and short term fund? And you have no property to pledge to the lender and you cannot refinance anymore. Your friend said you are trustworthy and see that your business got good profit every month!
My boss asked me that his business is very good and should I borrow more money to trade? He had just refinanced and can no longer refinance or pledge property to borrow more. He also told me his friend is willing to borrow 1 million with interest of 1% per month. The big question to my boss is also can you secure my 1 million? The other small question from his auditor is the 1% interest expenses are non-tax allowable, then his lawyer said your friend has no money lender license and cannot charge interest.
My boss is so convinced he can use the 1 million to earn more than the interest, the problem is how to bring in the fund easily?
So, how can you solve the 1 million borrowing problem for SME?
My quick answer to my boss friend is can you accept the 1 million security as part of company shares in your business?
Let back to the basic of raising fund for business, which is only two way, either debts or equity
Debt must be paid back regardless of the company financial situation, but it generally costs less to obtain after tax.
But, Equity gives up ownership but does not need to be paid back. Both forms of capital fundraising have their advantages and disadvantages.
So Preferences shares are a type of hybrid security, falling somewhere between debt and equity.
So how to issue preference shares to raise funds for SME? The interest can be book in a company account and if the company fails to pay the back the loan it convert reduces the risk of borrow and be in control of the company?
- Determine the value of the company and % of ordinary shares of the company is equal to 1 million, for example 30% of company shares
- Issue accumulated, convertible preference share to raise 1 million with interest of 12% per annum
- Determine the mature date of repay back the full loan with interest, for example 1 year
- Once the money received, pay monthly 1% interest from your trading profit as dividend
- After a year pay back the loan of 1million
What if the company fails to commit the interest? The preference shareholder can convert the share to original shareholder and attend the AGM. Alternatively, the preference shareholder could even appoint a director to the board of directors to oversee the business activities, so his investments are highly secure. There are plenty of arrangements and terms to structure preferences shares, if you could contact me for free coaching, to find out what is right for your before making a decision to raise funds with preference shares.
You can contact me for free coaching through:
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Website: https://www.cfostan.com
My boss successfully refinanced his own properties under his investment holding company. What happens in accounting, is created a loan account on the balance sheet and money drawn by the director as asset in the balance sheet. The problem is the bank agreed to pledge the property and release the loan without transfer of title. It created another problem that his audit report could not recognise as property but amount due from directors. This has the effect of deemed interest income and subject to tax on a yearly basis.
Under income tax act, a company shall derive interest income from loan or advances granted to the company director. The sum of the monthly interest is determined at the end of the calendar month and average lending rate of commercial banks.
A trust deed is a document sometimes used in real estate transaction that comes into play when one party has taken out loan from another party to purchase a property
There are two method
1st is to novate the loan agreement with director resolution so that accounting entries can be reversed. Report rent income and interest expenses in personal
2nd method is to create a trust deed agreement between the boss and the company and pay the stamp duty, so the property would be recorded in the balance sheet.
My boss would rather opt for the 2nd method because it feels better this way.
His scenario is worse with the 1st method, the reason is he transfers profit from another business to pay back this loan will cost him a lot of taxes. Now he is glad with the structure he saved a lot of tax and trouble.
Boss, your scenario may be different but similar issue, contact me for private coaching to find your desired result then consult lawyer and accountant.
Link to my book:
NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
Ocean in the Pond: https://amzn.to/3tJCIBo
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
How to have more time for yourself
- Get a piece of paper and draw a four quadrant of time management
- Do write all the task you need and want to do in Q1 which is very urgent and very important
- Write down all the task that is very important but not urgent in Q2
- Write down all the task that is very urgent but not important in Q3
- Write down all your task is not urgent and not important in Q4
- Take a step back and relook at the paper again, and you are free to more around the task in the 4Q
- Now you realise that Q1 Important and Urgent are Crises and Emergencies, Q2 is Important but Not Urgent are Prevention, Planning, and Improvement Q3 Not Important but Urgent are Interruptions and Busy Work, Q4 Not Important and Not Urgent are Time Wasters
If you still cannot gain clarity after using the four quadrant time management, you can analyze it with income generating tasks and value so that you can get more clarity to do it yourself, to hire or outsource. Contact me for free coaching, I can help you coach to gain more time.
You can contact me for free coaching through:
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Website: https://www.cfostan.com
How many of you love to grab an opportunity to buy a business? How many of you sold a business before?
When buying the business, all you want is only the location and existing customers and also the vendor privilege resources. And you don't want the business you bought to have any liabilities and have to bear all problems in the future.
When you sell the business, all you want is a secure payment and not going to pay extra, even paying any tax on the goodwill or any gain from inventories.
My boss sees the opportunity as some business owner wants to get out of business during a long lockdown period. He asks can he just buy overstocks and renew the tenancy agreement with the landlord and renovate to his brand name? Because he wishes not to take over the whole company, a Sdn Bhd.
And the boss who wants to sell the business said he wants to sell log stock and barrier to 1m, and he doesn't want to pay any tax on the goodwill. And he wants my boss to take over the whole company.
So, how? How do you buy and sell the company? Hire an accountant or lawyer or auditor to do due diligence and S&P agreement? Can it be simplified for SME, without incurred too much professional fee and technically?
The COVID-19 pandemic will have a long-lasting impact on the global economy and financial markets are likely to take a long time to recover from the coronavirus-triggered crisis.
These are challenging times for businesses, even more so for startups that operate with razor-thin margins. Besides dealing with weak demand, rapidly changing consumption patterns and revenue losses, the startup ecosystem is facing the challenge of raising capital. With investors becoming wary of the pandemic’s economic implications, there has been a significant decline in funding activities.
Not just local Venture Capitals or Private Equity, many deep-pocketed global investors have also put off new investment deals until the current situation subsides. In this gloomy scenario, a relevant question then arises—How to pitch to smart investors and raise funds during a crisis?
You can download the CFO Pitch template sample here.
For more podcast cast from CFO Venture, check us out on SPOTIFY or your podcast player!
Presented by CFO Stan
Link to my book, NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
Building your business funding roadmap will be crucial in business success in managing money and investments. It also helps you visualize your path to a brighter financial future.
Yet so many times, some bosses neglect to actually take the steps to build their business funding roadmap.
Bosses might be afraid to take the next steps because they will have to face their financial demons. Or maybe they just have no idea where to start and it intimidates them.
Don’t worry, either is pretty common, but my goal here is to help you not be afraid and start to have a direction for your funding.
You can download the Funding Road Map template here.
For more podcast cast from CFO Venture, check us out on SPOTIFY or your podcast player!
Presented by CFO Stan
Link to my book, NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
How many of you know why investors turn down your investment pitch? You heard investors said your valuation was too high, or tell you this funding stage was too early and they would rather wait for the next round. How many of you even picture that investor pointing out your business valuation is ridiculous using a market value approach, comparing yourself to a unicorn company or even the market size of your competitor.
So how do you go back to the drawing board to redo and business valuation and pitch again? How to change your business valuation?
How to change your valuation
- Take all rejection and failure of your pitch positively, it is just Feedback, not a failure until you give up
- Reduce the funding, the % equity offer and also business value, at the point for you to reach the next level.
- Combine business valuation method, Asset based approach, Earning value approach and market value approach
- Don't include your previous loan as part of the valuation
- Offer partly equity and partly convertible notes, however best is to use convertible notes. This means once you pay back the debts with interest, the investor will return back your shares.
My boss chooses to redo the funding road map for 5 years and lower down the valuation according to the 5 steps, now he got 2 angels with him. I wish him all the best. And my story is true but private and confidential, do PM to connect or to know more about equity funding.
Link to my book:
NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
OCEAN IN THE POND : https://amzn.to/3tJCIBo
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
Initially, managing a business often requires you to wear a lot of different hats. However, once the business starts to grow, making it successful becomes a team effort.
Hiring the right people for your business is just as essential as having a great product or idea. It can be easy to get caught up in a sea of details and lose track of the big picture but successful people know where to focus their efforts in order to make progress. At the end of the day, it’s people that make a business successful.
In this 8th episode of Venture CFO, Stan is going to going to share a concept that will tell you how to master your people's thinking in a business. See your people strategy and start talking to your people about what you feel about business. You should find out where you are now and how to use the right mindset to sail your business out of the sea from the lake, and to the ocean.
For more podcast cast from CFO Venture, check us out on SPOTIFY or your podcast player!
Presented by CFO Stan
Link to my book, NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
Business valuations are always tricky to determine, but never more so than in times of crisis.
Valuation methods typically rely on predicted future earnings, EBITDA and cash flow. Projections are rarely accurate, but are even more tricky to establish during the pandemic because we have very little idea of what the continued impact will be. How long will the recession endure beyond that?
All of this volatility and uncertainty means that business owners (who want a high business value) and investors (who want a lower business value) will have an even harder time establishing and agreeing upon a fair market value.
In this 3rd episode of CFO Venture, Stan talk and discuss about what is business valuation and types of valuation method and company value formulas for business.
You can download Startup Valuation template from here.
For more podcast cast from CFO Venture, check us out on SPOTIFY or your podcast player!
Presented by CFO Stan
Link to my book, NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
How to close a company without dispute
- Know both partner outcomes, what do you really want? What do you want, feel, hear or see at the end of the partnership?
- Once you have both their outcomes, estimate the cost of winding up the company, including, audit, tax and company sec fees. Let say it 40k
- Create an offer to one partner who wants to retain the company, each partner have to fork out 20k to solve the business closure
- Sign an MoU for not take any further legal action for conflict of interest.
- Outgoing partner will presign all forms and move on with live, while existing partner can utilities the business loss of 400k for future business, and future profit are allowed to offset with business loss carried forward.
So my boss feels that better not wasting any more time and money to take legal action against this partner and let this partner resign from the company and get an interim director to solve the issue and enjoy the loss carried forward to be offset with future profit.
Do you like my answer to closing a company that has a dispute, if you have any idea please comment, you think this post is helpful, do tag and share it with your friend in the business.Link to my book:
NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
OCEAN IN THE POND : https://amzn.to/3tJCIBo
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
We know that the majority of small businesses fail within the first five years due to the reason of cash flow management. Even businesses in the black can have major money issues.
Before they're asking “How do I get funded from a bank or investor to start my business?” They should know the difference between smart money and dumb money.
On this 2nd episode of CFO Venture, Stan talk about what is SMART money and what is S.M.A.R.T in mind and how the business could match the right investor or bank.
Stan discusses S.M.A.R.T when the term is used to and how to use S.M.A.R.T in your business to match with the investors.
For more podcast cast from CFO Venture, check us out on SPOTIFY or your podcast player!
Presented by CFO Stan
Link to my book, NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
The Covid-19 pandemic has brought the whole world to its knees. More than half the world’s population is under some kind of shelter in place order. Airlines are grounded. Unemployment is at a record level, and a severe recession is likely upon us.
As a small entrepreneurial business, you probably have already made difficult decisions in terms of personnel, expenses, inventory, etc. What to do now? As your business activity has slowed down, now is the time to rethink your business model. You need to evolve, adapt, survive, and eventually thrive.
In this 7th episode of CFO Venture, Stan going to share a tool that will tell you how your business should shape in the future. See your business strategy and take immediate action in funding or growing more profit. You could find out where you should focus and how to multiply your sales and raise money.
You can download BMC calculation template from here.
For more podcast cast from CFO Venture, check us out on SPOTIFY or your podcast player!
Presented by CFO Stan
Link to my book, NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
My boss successfully refinanced his own properties under his investment holding company. What happens in accounting, is created a loan account on the balance sheet and money drawn by the director as asset in the balance sheet. The problem is the bank agreed to pledge the property and release the loan without transfer of title. It created another problem that his audit report could not recognise as property but amount due from directors. This has the effect of deemed interest income and subject to tax on a yearly basis.
Under income tax act, a company shall derive interest income from loan or advances granted to the company director. The sum of the monthly interest is determined at the end of the calendar month and average lending rate of commercial banks.
A trust deed is a document sometimes used in real estate transaction that comes into play when one party has taken out loan from another party to purchase a property
There are two method
1st is to novate the loan agreement with director resolution so that accounting entries can be reversed. Report rent income and interest expenses in personal
2nd method is to create a trust deed agreement between the boss and the company and pay the stamp duty, so the property would be recorded in the balance sheet.
My boss would rather opt for the 2nd method because it feels better this way.
His scenario is worse with the 1st method, the reason is he transfers profit from another business to pay back this loan will cost him a lot of taxes. Now he is glad with the structure he saved a lot of tax and trouble.
Boss, your scenario may be different but similar issue, contact me for private coaching to find your desired result then consult lawyer and accountant.
Link to my book:
NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
Ocean in the Pond: https://amzn.to/3tJCIBo
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
The COVID-19 pandemic will have a long-lasting impact on the global economy and financial markets are likely to take a long time to recover from the coronavirus-triggered crisis.
These are challenging times for businesses, even more so for startups that operate with razor-thin margins. Besides dealing with weak demand, rapidly changing consumption patterns and revenue losses, the startup ecosystem is facing the challenge of raising capital. With investors becoming wary of the pandemic’s economic implications, there has been a significant decline in funding activities.
Not just local Venture Capitals or Private Equity, many deep-pocketed global investors have also put off new investment deals until the current situation subsides. In this gloomy scenario, a relevant question then arises—How to pitch to smart investors and raise funds during a crisis?
You can download the CFO Pitch template sample here.
For more podcast cast from CFO Venture, check us out on SPOTIFY or your podcast player!
Presented by CFO Stan
Link to my book, NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
How to have more time for yourself
- Get a piece of paper and draw a four quadrant of time management
- Do write all the task you need and want to do in Q1 which is very urgent and very important
- Write down all the task that is very important but not urgent in Q2
- Write down all the task that is very urgent but not important in Q3
- Write down all your task is not urgent and not important in Q4
- Take a step back and relook at the paper again, and you are free to more around the task in the 4Q
- Now you realise that Q1 Important and Urgent are Crises and Emergencies, Q2 is Important but Not Urgent are Prevention, Planning, and Improvement Q3 Not Important but Urgent are Interruptions and Busy Work, Q4 Not Important and Not Urgent are Time Wasters
If you still cannot gain clarity after using the four quadrant time management, you can analyze it with income generating tasks and value so that you can get more clarity to do it yourself, to hire or outsource. Contact me for free coaching, I can help you coach to gain more time.
You can contact me for free coaching through:
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Website: https://www.cfostan.com
Building your business funding roadmap will be crucial in business success in managing money and investments. It also helps you visualize your path to a brighter financial future.
Yet so many times, some bosses neglect to actually take the steps to build their business funding roadmap.
Bosses might be afraid to take the next steps because they will have to face their financial demons. Or maybe they just have no idea where to start and it intimidates them.
Don’t worry, either is pretty common, but my goal here is to help you not be afraid and start to have a direction for your funding.
You can download the Funding Road Map template here.
For more podcast cast from CFO Venture, check us out on SPOTIFY or your podcast player!
Presented by CFO Stan
Link to my book, NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
How many of you doing business now need a quick and short term fund? And you have no property to pledge to the lender and you cannot refinance anymore. Your friend said you are trustworthy and see that your business got good profit every month!
My boss asked me that his business is very good and should I borrow more money to trade? He had just refinanced and can no longer refinance or pledge property to borrow more. He also told me his friend is willing to borrow 1 million with interest of 1% per month. The big question to my boss is also can you secure my 1 million? The other small question from his auditor is the 1% interest expenses are non-tax allowable, then his lawyer said your friend has no money lender license and cannot charge interest.
My boss is so convinced he can use the 1 million to earn more than the interest, the problem is how to bring in the fund easily?
So, how can you solve the 1 million borrowing problem for SME?
My quick answer to my boss friend is can you accept the 1 million security as part of company shares in your business?
Let back to the basic of raising fund for business, which is only two way, either debts or equity
Debt must be paid back regardless of the company financial situation, but it generally costs less to obtain after tax.
But, Equity gives up ownership but does not need to be paid back. Both forms of capital fundraising have their advantages and disadvantages.
So Preferences shares are a type of hybrid security, falling somewhere between debt and equity.
So how to issue preference shares to raise funds for SME? The interest can be book in a company account and if the company fails to pay the back the loan it convert reduces the risk of borrow and be in control of the company?
- Determine the value of the company and % of ordinary shares of the company is equal to 1 million, for example 30% of company shares
- Issue accumulated, convertible preference share to raise 1 million with interest of 12% per annum
- Determine the mature date of repay back the full loan with interest, for example 1 year
- Once the money received, pay monthly 1% interest from your trading profit as dividend
- After a year pay back the loan of 1million
What if the company fails to commit the interest? The preference shareholder can convert the share to original shareholder and attend the AGM. Alternatively, the preference shareholder could even appoint a director to the board of directors to oversee the business activities, so his investments are highly secure. There are plenty of arrangements and terms to structure preferences shares, if you could contact me for free coaching, to find out what is right for your before making a decision to raise funds with preference shares.
You can contact me for free coaching through:
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Website: https://www.cfostan.com
How many of you love to grab an opportunity to buy a business? How many of you sold a business before?
When buying the business, all you want is only the location and existing customers and also the vendor privilege resources. And you don't want the business you bought to have any liabilities and have to bear all problems in the future.
When you sell the business, all you want is a secure payment and not going to pay extra, even paying any tax on the goodwill or any gain from inventories.
My boss sees the opportunity as some business owner wants to get out of business during a long lockdown period. He asks can he just buy overstocks and renew the tenancy agreement with the landlord and renovate to his brand name? Because he wishes not to take over the whole company, a Sdn Bhd.
And the boss who wants to sell the business said he wants to sell log stock and barrier to 1m, and he doesn't want to pay any tax on the goodwill. And he wants my boss to take over the whole company.
So, how? How do you buy and sell the company? Hire an accountant or lawyer or auditor to do due diligence and S&P agreement? Can it be simplified for SME, without incurred too much professional fee and technically?
Business valuations are always tricky to determine, but never more so than in times of crisis.
Valuation methods typically rely on predicted future earnings, EBITDA and cash flow. Projections are rarely accurate, but are even more tricky to establish during the pandemic because we have very little idea of what the continued impact will be. How long will the recession endure beyond that?
All of this volatility and uncertainty means that business owners (who want a high business value) and investors (who want a lower business value) will have an even harder time establishing and agreeing upon a fair market value.
In this 3rd episode of CFO Venture, Stan talk and discuss about what is business valuation and types of valuation method and company value formulas for business.
You can download Startup Valuation template from here.
For more podcast cast from CFO Venture, check us out on SPOTIFY or your podcast player!
Presented by CFO Stan
Link to my book, NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
Initially, managing a business often requires you to wear a lot of different hats. However, once the business starts to grow, making it successful becomes a team effort.
Hiring the right people for your business is just as essential as having a great product or idea. It can be easy to get caught up in a sea of details and lose track of the big picture but successful people know where to focus their efforts in order to make progress. At the end of the day, it’s people that make a business successful.
In this 8th episode of Venture CFO, Stan is going to going to share a concept that will tell you how to master your people's thinking in a business. See your people strategy and start talking to your people about what you feel about business. You should find out where you are now and how to use the right mindset to sail your business out of the sea from the lake, and to the ocean.
For more podcast cast from CFO Venture, check us out on SPOTIFY or your podcast player!
Presented by CFO Stan
Link to my book, NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
How many of you know why investors turn down your investment pitch? You heard investors said your valuation was too high, or tell you this funding stage was too early and they would rather wait for the next round. How many of you even picture that investor pointing out your business valuation is ridiculous using a market value approach, comparing yourself to a unicorn company or even the market size of your competitor.
So how do you go back to the drawing board to redo and business valuation and pitch again? How to change your business valuation?
How to change your valuation
- Take all rejection and failure of your pitch positively, it is just Feedback, not a failure until you give up
- Reduce the funding, the % equity offer and also business value, at the point for you to reach the next level.
- Combine business valuation method, Asset based approach, Earning value approach and market value approach
- Don't include your previous loan as part of the valuation
- Offer partly equity and partly convertible notes, however best is to use convertible notes. This means once you pay back the debts with interest, the investor will return back your shares.
My boss chooses to redo the funding road map for 5 years and lower down the valuation according to the 5 steps, now he got 2 angels with him. I wish him all the best. And my story is true but private and confidential, do PM to connect or to know more about equity funding.
Link to my book:
NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
OCEAN IN THE POND : https://amzn.to/3tJCIBo
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
We know that the majority of small businesses fail within the first five years due to the reason of cash flow management. Even businesses in the black can have major money issues.
Before they're asking “How do I get funded from a bank or investor to start my business?” They should know the difference between smart money and dumb money.
On this 2nd episode of CFO Venture, Stan talk about what is SMART money and what is S.M.A.R.T in mind and how the business could match the right investor or bank.
Stan discusses S.M.A.R.T when the term is used to and how to use S.M.A.R.T in your business to match with the investors.
For more podcast cast from CFO Venture, check us out on SPOTIFY or your podcast player!
Presented by CFO Stan
Link to my book, NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
The Covid-19 pandemic has brought the whole world to its knees. More than half the world’s population is under some kind of shelter in place order. Airlines are grounded. Unemployment is at a record level, and a severe recession is likely upon us.
As a small entrepreneurial business, you probably have already made difficult decisions in terms of personnel, expenses, inventory, etc. What to do now? As your business activity has slowed down, now is the time to rethink your business model. You need to evolve, adapt, survive, and eventually thrive.
In this 7th episode of CFO Venture, Stan going to share a tool that will tell you how your business should shape in the future. See your business strategy and take immediate action in funding or growing more profit. You could find out where you should focus and how to multiply your sales and raise money.
You can download BMC calculation template from here.
For more podcast cast from CFO Venture, check us out on SPOTIFY or your podcast player!
Presented by CFO Stan
Link to my book, NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com
How to close a company without dispute
- Know both partner outcomes, what do you really want? What do you want, feel, hear or see at the end of the partnership?
- Once you have both their outcomes, estimate the cost of winding up the company, including, audit, tax and company sec fees. Let say it 40k
- Create an offer to one partner who wants to retain the company, each partner have to fork out 20k to solve the business closure
- Sign an MoU for not take any further legal action for conflict of interest.
- Outgoing partner will presign all forms and move on with live, while existing partner can utilities the business loss of 400k for future business, and future profit are allowed to offset with business loss carried forward.
So my boss feels that better not wasting any more time and money to take legal action against this partner and let this partner resign from the company and get an interim director to solve the issue and enjoy the loss carried forward to be offset with future profit.
Do you like my answer to closing a company that has a dispute, if you have any idea please comment, you think this post is helpful, do tag and share it with your friend in the business.Link to my book:
NEXT LEVEL BOSS - THE SECRETS: https://www.cfostan.com/next-level-boss-the-secrets
OCEAN IN THE POND : https://amzn.to/3tJCIBo
FB: https://www.facebook.com/CFOStan.Asia/
Instagram: https://www.instagram.com/cfostan.asia/
LinkedIn: https://www.linkedin.com/in/cfostan
Twitter: https://twitter.com/StanCfo
Website: https://www.cfostan.com