Build Value By Choice Nana Bonsu

In this episode, we speak with Lance Cayko, co-founder of design/build firm f9 Productions, about strategies for growth and value creation in the construction industry.
Topics Covered:
Lance's background and journey into architecture, construction, and real estate development
Creating consistent customer satisfaction and managing quality control
The challenges of brand differentiation in a competitive industry
Exploring recurring revenue models and diversification strategies
Leveraging technology trends like automation and prefabrication
Insights on the evolution of the construction industry
Links:
- https://virtualstrategysprint.com/
-https://infhorizons.com/podcast/
- f9 Productions company website: https://f9productions.com
- Lance Cayko's LinkedIn profile: https://www.linkedin.com/in/lance-cayko-1227031a

Connect with Lance:
Email: lance@f9productions.com

Let us know what you thought of this episode, and send your questions for future guests to info@infhorizons.com.

Valerie is a former A-list personal assistant and Chief of Staff, current founder and CEO of ChatterBoss, the first and only remote executive assistant service of its kind. Her mission is to guide entrepreneurs to building friction-less teams using a human-centric approach. She joins Nana on Build Value By Choice to discuss her company and what it can do for business owners. 

KEY TAKEAWAYS


ChatterBoss is the brainchild of Valerie Trapunsky, who founded the company in 2017 after a decade spent working as a top-level assistant for A-list celebrities and as the Chief of Staff for high-net-worth individuals and CEOs. During that time, Valerie developed a passion for effective problem-solving, and became committed to bringing the same level of excellent service to solo entrepreneurs and small business owners.
Valerie’s problem-solving skills and genuine love of people are the foundation of everything at ChatterBoss. They solve customer needs through a combination of intelligent technology, intelligent systems, and most importantly, intelligent people. Together, the whole team has built a product that clients can trust to deliver personalized, reliable, and thoughtful service.
Your dedicated assistant will be in the same country as you, this has nothing to do with education or quality. This is because it makes the process easier with day to day things someone in your country would know. For example in the US someone would know what the DMV is, but someone in France may not.
The most effective advice Valerie has is to give yourself grace and start slow. You’re not going to become a master delegator overnight even if you come from a corporate structure. Work at delegating over time and giving up that control we all feel we need to have.


BEST MOMENTS

‘I was supporting these really powerful people who utilize assistants in ways I never imagined’

‘Customization is the foundation of what we’re built on’

‘We have a goal to scale and be the top executive assistant company in the US’

 

EPISODE RESOURCES  


Valerie Trapunsky | LinkedIn
ChatterBoss


VALUABLE RESOURCES


Infinite Horizons Free Webinar
Productize ebook
Leave your comments on the show's facebook community page: https://www.facebook.com/Buildvaluebychoice
Get your free valuation here: https://bit.ly/get-free-valuation
Podcast website: https://infhorizons.com/podcast/


ABOUT THE HOST

Nana Bonsu:

“I am an entrepreneur and ex-Corporate Executive who's applying his experience and knowledge from working in various ways to pursue my passion of helping small business owners increase their choices in life by leveraging my knowledge and experience, their employees, systems and money. I help small business owners transform their business and increase value through action-oriented education and implementation of strategies and tactics to make their business sellable even if they are not planning on selling. Known for establishing an environment for personal growth and development. My multicultural background equips me with the intuitive understanding of different cultures and how they impact business owners.”

infhorizons.com

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Tony Kitchens is our guest today. He's a speaker, author, and entrepreneur who believes in transforming fear and pain into fuel for an amazing life. With the book "The Gift of Pain," Tony inspires as an entrepreneur and philanthropist. His companies have generated over $100 million in revenue and serviced multinational corporations worldwide. He's on a mission to share his wisdom globally.

We have a special guest today who is going to be talking about business owner burnout: how do we recognize the signs, how to prevent it, and what strategies we can use to deal with it if, and when it occurs. Our guest today is Michael D. Leavitt . Michael is the founder and chief burnout officer of the Breakfast Leadership Network, which is a San Diego and Toronto-based burnout consultant firm.

Today’s guest is Anne Hill, creator of Hilltop Virtual Solutions. Anne and host Nana Bonsu will be discussing business operations. We will explore how business owners can thrive by leveraging their zone of genius, optimizing assistance processes, conducting data analysis, managing teams, and improving overall business owner health. Join us as Anne shares her expertise and insights on these important topics.

Chris Fagnant joins Nana Bonsu on this episode of Build Value By Choice to discuss making your business more sellable, specifically in the manufacturing industry. As a broker and ex-business owner in the manufacturing industry, he’s the perfect person to advise and guide you through making your business more attractive to buyers.

 

KEY TAKEAWAYS

 


The key factors that determine the value of a manufacturing business are people, productivity, execution, and cashflow. Much like any other business, potential buyers will want to see proof of healthy and sustainable cash flow. They will also want to see that the supply chain you’re a part of works and if you control your own product lines.
It can take at least 3 years to correctly prepare your business for sale, even from the day you buy or start the company, you should be working out your exit strategy. If you run your business in a way where it can operate without you, then you’re on the right path to preparing your business for sale.
There are personal expenses for business owners that get wrapped up in the company books. These minor expenses should be worked out of our books because when your business is being appraised they want the true business expenses, they want to see how it will look when they run it and not have to work out what it looks like without you.
The number one mistake business owners have when selling their business is understanding how their business is valued. Top line revenue is not the main driver and when it comes to your specific IP, 99% of the time is not the reason someone wants to buy you.
If you’re looking at building the value of your business for the next 3 to 5 years, look at the suppliers you have, are they the right suppliers or are there better ones out there. You need to foster those relationships with regular lines of communication and even paying a day early will put you top of their list of people they like to work with.
SDE = Seller's Discretionary Earnings.
EBITDA = Earnings Before Interest, Taxes, Depreciation, and Amortization.


 

BEST MOMENTS

 

‘It was an opportunity to put a lifetime's worth of experience in manufacturing to work for others’

‘The outcome of that was a 95% reduction in demand from our largest customer, so we had to pivot’

‘We leveraged relationships with the right people to ensure we had advocates for our business’

‘You don’t sell a business and get a check the next week’

‘Only 30% of businesses successfully transfer for the 1st generation to the next’

 

EPISODE RESOURCES

 

https://www.fbb.com/

chris@fbb.com

https://www.linkedin.com/in/christopherfagnant/

 

VALUABLE RESOURCES

 

Productize ebook

Leave your comments on the show's facebook community page: https://www.facebook.com/Buildvaluebychoice

Get your free valuation here: https://bit.ly/get-free-valuation

Podcast website: https://infhorizons.com/podcast/

Don’t forget to subscribe to the podcast and share it.

 

ABOUT THE GUEST

Chris’ role as a business broker is born out of a lifetime of experience living and working in family-owned businesses. He grew up in the heat seal lidding business. Initially, Chris pursued more corporate opportunities and...