What I'm learning from owners about how their industries actually make money
Searcher, founder, and now podcaster. Still Want In? takes one industry at a time and asks someone who owns or runs a business in it how it really works: how the money gets made, who the customers are, where the margins are, what's harder than it looks, and what's changing.
Episode 1 is with Rich Schammel of Venture Advisors on how a business actually gets valued. He talks about the four numbers every deal gets (the seller's, the broker's, the bank's and the buyer's), and why it always comes back to cash flow and risk.
Coming up next is Max Adams of Wall Street Mastermind, on how a career-coaching business makes money: who pays, what it costs to deliver, and why some students don't pay if they don't get the job.
Full video, takeaways and transcripts are at stillwantin.com.
Which industry would you most want explained by someone who runs a business in it?redacted