Vincent discusses the importance of evaluating your business expenses, especially during COVID. He outlines some areas that may seem small but can add up to big savings on your bottom line. Vince also discusses why it is crucial to separate business expenses from personal expenses. He also suggests getting your debt taken care of well…
If you’ve listened to the show for any length of time, you’ll recognize Vincent as a steady source of great business advice. Today we discuss the answers to the following questions: What do most business owners do when the economy drops? What has history provided us to help owners? What are some of the key…
Vincent discusses why family alignment is important during business transition.
Vincent Mastrovito of Prometis Partners shares great tips about how you can create and maintain a successful family business culture.
Vince discusses a variety of reasons someone may stay at the helm of their business longer than they should. He discusses some of the things that may sneak up on the business owner if they aren’t diligent enough and decrease the business value when they do decide to exit. The retirement you dream of depends…
In this podcast Vincent talks about how owner dependency affects a business’s valuation and salability in a very negative way. Almost 89% of businesses are still reliant on the business owner to operate, according to the U.S. Census. This means that the vast majority of owners who would want to sell their businesses have real…
In this podcast Vincent talks about how expectations factor into creating or managing conflict in family owned businesses. Many first generation business owners built their companies by leveraging everything they had and working very long hours for years before they made a profit. What the company means to an owner who has done this will…
In this podcast Vincent talks about how devastating it can be to a sale if the company does not have management and key staff committed to remaining with the company through and after a transition. This is a core component of exit readiness. Buyers are looking for businesses that will be profitable from the day…
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…