Key Takeaways:
Chapters:
Timestamp Summary
[0:00:38] Introduction of Xavier Egan and his background
[0:03:30] Discussion on the wealth transfer happening in small businesses
[0:05:52] Importance of the one to $20 million revenue space
[0:07:18] Generational shift and the opportunity for buyers
[0:08:45] Potential consolidation and mergers in the market
[0:09:23] First step for buying a business
[0:10:33] Access points for individuals in private equity
[0:11:21] Starting with smaller valued companies for growth opportunities
[0:11:21] Starting with smaller valued companies as a transition tool
[0:12:02] Using traditional terms like SBA loans for financing
[0:13:18] Cash flow is key in business capitalization
[0:14:41] Importance of generating income and cash flow in a business
[0:15:55] Transitioning to a profitable established business
[0:18:18] Ensuring a comfortable exit strategy for business owners
[0:19:56] Thinking of a business as an investment instrument
[0:21:26] Understanding the need for active investments and planning for retirement
[0:21:56] Evaluating the value of a business and its potential for growth
[0:21:56] Importance of understanding the value of a business
[0:22:47] Buying a business for its consistent performance
[0:23:48] Leveraging other people’s money to buy a bigger company
[0:24:35] Getting regular evaluations for succession planning
[0:25:11] Difference between price and value of a business
[0:26:30] Buying a business for guaranteed growth
[0:27:11] The importance of marketing and technology in businesses
[0:28:55] The role of technology in creating more value
[0:29:14] Robert Smith’s success in private equity
[0:30:10] Alternative investment opportunities in buying businesses
Powered by Stone Hill Wealth Management
Social Media Handles
Follow Philip Washington, Jr. on Instagram (@askphillip)
Subscribe to Wealth Building Made Simple newsletter
https://www.wealthbuildingmadesimple.us/
Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!
WBMS Premium Subscription
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
Understanding the Abundance of Wealth
Tips for Checking Your Paycheck in 2024
The Path to Wealth Building and Market Success
Mark Cuban’s Sale of the Dallas Mavericks and Investment Insights
A Strategy for Catching Big Investment Trends
Bread Fables: Money as a Measure of Success
Planning for Business Exit: Start Early and Build Value
Bread Fables: Challenging Common Money Beliefs
Planning for Business Risks: Divorce, Disagreement, Disability, Distress, and Death
Stress in Entrepreneurship: Finding Balance and Success in Business
Simplifying Business Planning for Success in Wealth Building
Maximizing Business Value: The Importance of Exit Planning
Rewiring Your Financial Attitude: Overcoming Challenges to Wealth Building
Learn About the Benefits of Donor Advised Funds for Tax Planning
Investment Growth: Factors and Nontraditional Opportunities Explained
Key Factors to Consider When Choosing a Mutual Fund
Preparing for Year-End Taxes: Tips and Strategies for a Smooth Filing
Breaking Free from Financial Limitations: Rewiring Your Attitude
Preparing Your Business for Loans and Investors: Key Financial Considerations
How to Turn Hopeless Goals into Reality
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast