The Moran Pober Business Daily Podcast: Recent Episodes
The Moran Pober Business Daily Podcast
IN TODAY'S Business Daily…
Balance sheet allows you to see what a company owns as well as what it owes to other parties as of the date indicated at the top of the balance sheet The reason I really like to look at a balance sheet is because you can see some really important financial ratios and statistics that you can generate from looking at the numbers The balance sheet presents a company's financial position at the end of a specified date. Some actually describe the balance sheet as a "snapshot" of the company's financial position at the point which you produced the balance sheet
CHALLENGE FOR THE DAY:
What can you do today to make sure you understand your business better by knowing the way your balance sheet works?
QUOTE OF THE DAY:
“The balance sheet is all about understanding about things you own or owe in the business.”
Regards,
Moran Pober – CEO & Founder of ABD Assets
P.S. Looking To Sell Your Business Or Need A Strategic Investor To Help Growing Your Company? Reach Out At moranpober.com
We’d love to hear from you! Find us on Facebook or Twitter. or Instagram
IN TODAY'S Business Daily…
Does this ever happen to you? —> Have you ever listened to two accountants talk to each other? If you’re not familiar with accounting it’s an awful experience. You might as well listen to people from a different country speaking in a language you don’t understand. You just don’t understand a word At the end of the day all accountants are doing is taking transactions and financial activities and turn them into numbers and then place those numbers on the financial statements Your job as the business owner is to take those numbers and turn them into the right action plan to help your business You have to know in which direction the things are headed, where they should be, and what activities need to change in order to move the numbers in the right direction
CHALLENGE FOR THE DAY:
What can you do today to learn more the language of business? (accounting)
QUOTE OF THE DAY:
“Receivables, profits, assets, cash etc… without actually knowing what those numbers mean, if what you see is good or bad or how to change them and make your business more successful then you’re missing the point.”
Regards,
Moran Pober – CEO & Founder of ABD Assets
P.S. Looking To Sell Your Business Or Need A Strategic Investor To Help Growing Your Company? Reach Out At moranpober.com
We’d love to hear from you! Find us on Facebook or Twitter. or Instagram
IN TODAY'S Business Daily…
One of the biggest mistakes, probably the biggest mistake, people make in any business is they fall in love with the wrong thing. And by that I mean they fall in love with their product, service or company My suggestion to you is that you should believe passionately in your product, service or company - yes. But you should fall in love with your clients The more value you can give to others, the more value you can generate. The more contributions you can make to the richness of the lives of your clients, the more bonded you will be to them and they to you. And the more successful you will become
CHALLENGE FOR THE DAY:
What can you do today to show your clients that you love them more than yourself and your own business?
QUOTE OF THE DAY:
“Falling in love with your clients means taking responsibility for their satisfaction.”
Regards,
Moran Pober – CEO & Founder of ABD Assets
P.S. Looking To Sell Your Business Or Need A Strategic Investor To Help Growing Your Company? Reach Out At moranpober.com
We’d love to hear from you! Find us on Facebook or Twitter. or Instagram
IN TODAY'S Business Daily…
One of the biggest competitive advantages that you’ll ever have in business is to always make it easier for the client to say “yes” than it is for them to say “no” When you remove the risk for anyone deciding to do business with you it can bring in powerful results Think about what your clients want most (What are the results they want the most from purchasing your product or service?) Then guarantee them that outcome – or they can have their money back
CHALLENGE FOR THE DAY:
Look at your business. Make a complete list of every obstacle your clients have that might prevent them from purchasing from you over to your competition and eliminate that risk.
QUOTE OF THE DAY:
“When you use risk reversal, you are basically telling your client that they will never again make a bad, incorrect or dangerous purchasing decision.”
Regards,
Moran Pober – CEO & Founder of ABD Assets
P.S. Looking To Sell Your Business Or Need A Strategic Investor To Help Growing Your Company? Reach Out At moranpober.com
We’d love to hear from you! Find us on Facebook or Twitter. or Instagram
IN TODAY'S Business Daily…
Every difficult business problem has to do with people at least at some level.
Being good at hiring may be the single most important skill you will need to develop if you want the rest of your business career to be successful.
Most business owners don’t spend enough time on finding good people for their company and that’s why they are struggling.
CHALLENGE FOR THE DAY:
What can you do today to find one great new employee to your company? Because if you find one it can be additional millions for you this year.
QUOTE OF THE DAY:
“A single great person, that is properly trained, can easily be worth millions to you.”
Regards,
Moran Pober – CEO & Founder of ABD Assets
P.S. Looking To Sell Your Business Or Need A Strategic Investor To Help Growing Your Company? Reach Out At moranpober.com
We’d love to hear from you! Find us on Facebook or Twitter. or Instagram
IN TODAY'S Business Daily…
If you show that you’re unique, you’ll get more for your business The more you can differentiate yourself for not being commodity will show a potential buyer that your business is very unique and can’t be copied very quick You don’t want to look like a commodity when someone is coming to buy you It all comes down to your marketing and basically how you present your USP Market yourself as the best in your small corner or niche
CHALLENGE FOR THE DAY:
What can you do in your business to make sure you’re not looking like one of your competitors, how can you position yourself through your marketing in a way that suggest that you’re the only person who can do what you do?
QUOTE OF THE DAY: “If you show that you’re unique, you’ll get more for your business, period.”
Regards,
Moran Pober – CEO & Founder of ABD Assets
P.S. Looking To Sell Your Business Or Need A Strategic Investor To Help Growing Your Company? Reach Out At moranpober.com
We’d love to hear from you! Find us on Facebook or Twitter. or Instagram
IN TODAY'S Business Daily…
The more % of clients you have that are on recurring revenue in your business, the more valuable your company is going to be You always want to think on how can you have a product that is more than one time thing and actually repeating itself The company with only recurring revenue will be worth at least x2 -3 times more than the company with the unpredictable revenue Also the more you could prove that the more dedicated those subscribers are, the more valuable your business will be
CHALLENGE FOR THE DAY:
What can you do to change some of your one time purchase products into some type of recurring revenue purchase?
QUOTE OF THE DAY: “There’s nothing like recurring revenue to assure a buyer that your company will keep making good money when you’re out and therefore you could get more for your business.”
Regards,
Moran Pober – CEO & Founder of ABD Assets
P.S. Looking To Sell Your Business Or Need A Strategic Investor To Help Growing Your Company? Reach Out At moranpober.com
We’d love to hear from you! Find us on Facebook or Twitter. or Instagram
IN TODAY'S Business Daily…
The more cash your company actually need to operate the less a potential buyer will be excited to buy your business, because that’s just more money out of his packet If you can extend your payables a little bit more that will have a great impact on your cash Same goes to receivables, if you have receivables in your books, make sure you collect them faster
CHALLENGE FOR THE DAY:
What can you do today to get paid faster, and pay your bills slower?
QUOTE OF THE DAY: “Always remember that there’s a big difference between your P/L report and the actual money in the bank“
Regards,
Moran Pober – CEO & Founder of ABD Assets
P.S. Looking To Sell Your Business Or Need A Strategic Investor To Help Growing Your Company? Reach Out At moranpober.com
We’d love to hear from you! Find us on Facebook or Twitter. or Instagram
IN TODAY'S Business Daily…
If you want to really get the most out of your business selling price try to present it to your potential buyer based on the future potential of your business, as much as possible Investors really only buy your business for future promise If you had x10 times more demand for your products or services what you’d do? If your answer is that it’s impossible to handle the demand, it’s really hard to get larger multiple than another company that will answer and easily do that
CHALLENGE FOR THE DAY:
How are you going to demonstrate to a potential buyer that you have no growth limits? And if you could do that, believe me you’ll get more for your business.
QUOTE OF THE DAY: “Uber got a valuation of more than 50 billion dollars, all based on their growth potential.“
Regards,
Moran Pober – CEO & Founder of ABD Assets
P.S. Looking To Sell Your Business Or Need A Strategic Investor To Help Growing Your Company? Reach Out At moranpober.com
We’d love to hear from you! Find us on Facebook or Twitter. or Instagram
IN TODAY'S Business Daily…
Your financial performance matters for the business valuation of course Your financial performance when selling is made up of what your top line revenue is and what your bottom line profit is. Together with actually the quality of the reports of those numbers that matters for your price Consider investing in an audit or some other way to show your numbers are legit The bigger you are the more you’ll get offered, size really count here
CHALLENGE FOR THE DAY:
What are you going to do today to focus on all those 3 areas to improve your valuation based on what we talked today which is your overall revenue, your profit margin and the quality of your bookkeeping, all those have very big value on your price.
QUOTE OF THE DAY: “Focus on revenue, profit margin and quality of financials.“
Regards,
Moran Pober – CEO & Founder of ABD Assets
P.S. Looking To Sell Your Business Or Need A Strategic Investor To Help Growing Your Company? Reach Out At moranpober.com
We’d love to hear from you! Find us on Facebook or Twitter. or Instagram