Episode 64: AI Is Coming For You
Eric & David discuss how AI is rapidly becoming the norm. Artificial Intelligence is different than automation. How disruptive will AI be to white collar jobs?
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We believe every organization performs at its best when the management team understands its purpose, mission, vision, and how its core competencies uniquely meet a market pain or need. It is only after this alignment that profit-enhancing competitive strategies can lead to success.
We’re on a mission to improve the lives of business owners and their employees by increasing the market value and wealth transfer-ability of the private middle market around the world.
Our Vision
Our vision is of a world in which all businesses reach their fullest potential and become the best version of themselves.
Businesses do this by:
Creating an engaging environment where all employees live the company mission and vision to build their community by serving their customers in their own unique way
Understanding that all proper profits and returns on investment come only from improving customers’ lives by delivering products and services to them at better prices and/or higher quality than they could have had on their own
Understanding the assets invested in their business and how to deploy them to maximize returns
Embarking on a quest of value maximization by maturing the organization (reducing company specific risk), implementing scale-able business processes, team alignment and a methodical road map of organic or acquisition growth.
Being ready, when the time comes for ownership transition, to do so in a way that maximizes wealth to the selling owner, rewards employees for their participation in creating that value, and allows a buyer to realize the full value that has been built within the organization.
Eric & David discuss how AI is rapidly becoming the norm. Artificial Intelligence is different than automation. How disruptive will AI be to white collar jobs?
Read MorePodcast: Play in new window | Download
( our tracks are a bit out of sync so our responses to each others comments don’t always sound timed correctly – we’re working on our internet signal to fix this) Eric and David discuss some current events including what might be happening with interest rates. Check out Episodes 36 and 59 where we discuss…
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David and Eric discuss that the myriad of external risks that business owners face and how to balance insurance and cash reserves with risks the business takes. They look through the lens of the preparedness chapter of Q Source which is the leadership book of F3 Nation. https://f3nation.com/q/ There are expected circumstances we need to…
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In today’s podcast episode, we’re going deep into the complex world of corporate finance and budgeting as we face the economic uncertainties of 2024. We’ll explore the various challenges and considerations that business owners and managers must contend with in this volatile economic landscape. The recent announcement from FedEx about an expected slowdown really caught…
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Eric and David wrap up a mini series on sales by discussing non-manipulative selling and concepts from the book Find Your Six: Stop Lead Generating, Start Building Influence by Patrick Kilner. They discuss the importance of authentic relationship and of creating value for clients. They also discuss how this factors into the valuation of your…
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In this episode, David and Eric discuss the current drop in consumer sales across the country. They remind us to focus on not just selling “widgets”, but to go deeper and to demonstrate to customers how your business or product can improve their lives. David and Eric also share tips for monitoring monthly sales goals…
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In this episode, David and Eric discuss how to incorporate seasonality into your revenue forecast. They give reasons why you should do this and a practical guide on how to do it. They also discuss the September CPI and question its accuracy in tracking how expensive American life has become. They look at www.shadowstats.com as…
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https://www.fool.com/investing/2023/08/10/warren-buffett-is-sitting-on-a-147-billion-pile-of/
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In this episode, we discuss the EVA metric which includes the opportunity cost of running your business. Many business owners think that positive net income means that their business is doing well, but is your business creating more value than it’s costing? EVA = NOPAT – (WACC * capital invested) forsook [fawr-sook] verb –…
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In this episode, we look at current and historical data from the Federal Reserve and discuss what the inverted yield curve tells us about the state of our economy. The SLOOS Report is a quarterly survey of senior loan officers of banks. According to their date, over 50% of banks are seeing a decline in…
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