Business BeyonDIY | Improve Your Happiness, Impact, Financial Freedom & Company Value

Jul 29 2024 10 ep. 31 mins 2
Business BeyonDIY | Improve Your Happiness, Impact, Financial Freedom & Company Value Podcast artwork

Businesses are bought and sold based on the perception of future value. Business owners are often experts in fields outside of business. We developed Business BeyonDIY to help you cross that chasm. Show Topics: Buying a Business Selling Your Business Preparing Your Business for Sale Practical | Actionable | Sustainable Business owners and entrepreneurs are go-getters. We start things other people don't (sometimes too many things am I right?) and we push through hard times. That means that entrepreneurship involves a lot of DIY. Some of the most important transactions we make are buying a business; preparing a business for sale and selling a business. We'll almost always want/need help to make these successful but there is still a lot we'll need to do ourselves. Business BeyonDIY is a Livestream/podcast where we own our DIY nature but find that sweet spot where doing it yourself doesn't mean going it alone. In this introductory episode, I'll let you know the format of the show, what to expect, and when I'll be live. I'm looking forward to getting to know you and your business and sharing practical tips that will make your DIY more like DI-Us!

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Input vs. Participation | Business BeyonDIY | 009

Jul 29 2024 26 mins  
Navigating the Complexities of Input and Participation in Business ManagementInput vs. Participation | Business BeyonDIY | 009Show Notes: https://nocobc.link/bbdiy009In this episode of Business Beyond DIY, host Steve Krausse explores why a proposed document control system faced implementation challenges despite incorporating input from various stakeholders. He emphasizes the import

Change is hard… Does it have to be? | Business BeyonDIY | 008

Jul 16 2024 18 mins  
Change is hard… Does it have to be? | Business BeyonDIY | 008Overcoming Resistance: Effective Strategies for Change Management in Small BusinessesIn this episode of 'Business Beyond DIY,' host Steve Krausse discusses the common perception that 'change is hard' and explores whether it truly has to be that way for small businesses. Steve identifies factors contributing to resistanc

Business Valuation Methods | Business BeyonDIY | Episode 007

Apr 11 2022 29 mins  
How will they value my business? That's what we're asking when we start to look at our exit strategy. If you research this you'll find what looks like a lot of possible valuation methods. Today I'll talk about what they mean and see if we can simplify the process. Spoiler alert... we can! Because the stream cut me off... Remember that doing it yourself doesn't mean going it alone!

Inventory Transferability & Value | Run it Ready to Exit | Business BeyonDIY | Episode 006

Mar 25 2022 30 mins  
If you’re running a product-based business you’re dealing with inventory. Inventory management has a direct impact on the profitability of our business. How easy it is to transfer not only our physical inventory but the processes, sources, and relationships that power our inventory will have a direct impact on how the value a potential buyer will place on our business. At fi

Valuing Your Business | Seller's Discretionary Earnings | Business BeyonDIY | Episode 005

Mar 20 2022 38 mins  
Valuing Your Business | Seller's Discretionary Earnings When it's time to value your business it can quickly seem overwhelming. It doesn't have to be! There are a number of standard valuation methods that are used and in this episode, we'll go through one of them called 'Seller's Discretionary Earnings' or SDE. We'll talk about: 1. What are Seller’s Discretionary Earnings? 2.

3 Warning Signs for Business Buyers | Business BeyonDIY | Episode 004

Mar 10 2022 34 mins  
There are no absolutes when it comes to ‘warning signs’ and just because a warning sign exists doesn’t mean there is a substantive problem with a deal. Warning signs are merely what I call notifications for specific due diligence. You may see warning signs in the initial numbers, the shared business plan, or other documentation. It is equally valid to explore warning signs

3 First Steps to Sell Your Business | Business BeyonDIY | Episode 003

Mar 03 2022 34 mins  
Get off to a good start when you’re ready to sell your business by putting these three things in place as early as possible. I know you’re thinking about how much you’ll get. You might even be working on the project that you want to start after the sale, whether that’s your next venture, a long vacation or retirement. Bear with me though, it will be worth it. While these

Why Ask Why? | Business BeyonDIY | Episode 002

Feb 24 2022 34 mins  
Why are you are buying a business? There’s no wrong answer but understanding YOUR answer matters! In some circles, the word ‘why’ is avoided and there are some good reasons for that. It can be off-putting and tends to put us on the defensive as we try to rationalize our position on a subject.

Run it Ready to Exit | Business BeyonDIY | Episode 001

Feb 17 2022 39 mins  
Q: How do you get the best value out of your business when you’re ready to exit? Q: How do you get the best value out of your business while you’re still running it? A: Good News! We can use the same work to meet both outcomes!

Introducing Business BeyonDIY | Business BeyonDIY | Episode 000

Feb 10 2022 29 mins  
Introducing our new show "Business BeyonDIY"! I'll be covering topics relating to the transfer of business value so if you're thinking of buying a business, selling one or have one that you want to prepare for sale in the future... you're in the right place!