July 2019 In this podcast Vincent talks about how owners can make their companies more attractive and salable, highlighting the three factors he considers to be most important. Currently the #1 reason owners exit their businesses is retirement, and the average owner has 60-90% of his net worth wrapped up in his business. For those…
June 2019 Why should you tie family compensation to market value? In this podcast Vincent talks about family compensation and why it’s important not to let “family values” overly influence how family members are compensated. He discusses using benchmarking tools such salary.com to determine what people are worth according to market value and should therefore…
February 2019 How well do you know and understand your family’s business culture? In this podcast Vincent talks about how important it is to work with families to understand the business culture at work in their companies. Many owners may be better off financially transitioning their companies to children or other family members than they…
October 2018 “Are the roles and responsibilities clear in your family business?” In this podcast Vincent talks about what happens when a family has different types of roles – and active and non-active shareholders – involved in the family business. He also discusses how important it is that the current generation of owners mentor the…
July 2018 “Is Your Business Ready for Sale?” In this podcast, Vince and Max Friar of Calder Capital talk about how small to medium-sized manufacturing, service, and distribution businesses make up the fabric of America. The owners of these companies employ the majority of America’s workforce, and they pay most of the taxes. They know…
June 2018 In this podcast, Vince discusses how the traditional model of building a business around yourself is flawed. According to the U.S. Census Bureau, almost 89% of businesses are owner dependent in the sense that they are still reliant on the business owner having some function in the business. Most business owners Vincent consults…
May 2018 In this podcast on intellectual capital, Vince highlights how important it is for smaller businesses to have a high Net Promoter Score (NPS). A company’s NPS is calculated based on their customers’ responses to one question: “How likely is it that you would recommend our company/product/service to a friend or colleague?” This score…