Why I walked away from buying a 7-figure vending machine business
Forget Bitcoin – vending machines are where the riches are at. Here’s how I almost bought a vending machine business.
How to make yourself redundant
We’ve unpacked the business owner journey to help you understand how to move to the next stage and ultimately make yourself redundant.
What’s Your MVL (Minimum Viable Lifestyle)?
MVL, or Minimum Viable Lifestyle, is a term I first coined when I started my business to help calculate the minimum amount of money I could live on without racking up debt. Here’s how to calculate yours.
Going out on your own: Should you take the leap?
If you’re sitting on the edge wondering whether it’s worth it to take the leap into entrepreneurship, here are the pros and cons of starting your own business from someone who has.
How much is your time worth as a business owner?
Understand the true value of your time so you can stop working in your business and start working on your business.
The power of float: The secret sauce to building wealth like Warren Buffett
Warren Buffett is widely regarded as the world’s greatest investor – but what isn’t common knowledge is how he created his fortune.
Why you should hold your business for the long-term: lucrative strategy of capital compounding
“If you own a wonderful business…the best thing to do is keep it. All you’re going to do is trade your wonderful business for a whole bunch of cash, which isn’t as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So…
Your Business is not your baby!
So many CEOs like to romanticise business as being like family. They try to instil a culture of unity and closeness, building a bubble of safety and unconditional love. They treat the business just like an extension of their real family. They think of their business as their baby. This analogy is just plain wrong.…
Are you a freelancer or an entrepreneur?
What’s the difference between an Entrepreneur and a Freelancer/Solopreneur? Many business owners label themselves “entrepreneurs”. Watch this video to understand if you’re acting like one. Transcript of the video below. http://sbo.financial/wp-content/uploads/2022/05/SBO-Are-you-a-freelancer-or-an-entrepreneur.mp4 Are you a Freelancer or an Entrepreneur? That’s the first question I ask many of the founders I meet for the first time. I…
How Much is My Business Worth?
I cut my teeth in corporate advisory doing company valuations. Valuations of companies of all industries, shapes and sizes. The purpose of these formal valuations was to ‘tick a box’ due to one (or more) of the following events: A marriage breakdown – a business needs to be valued to calculate the division of assets.…