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The Best Ever CRE Show

JF1649: Scaling A Business With A Successful Exit #SituationSaturday with Terry Lammers

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 9 March 2019

⏱️ 25 minutes

🧾️ Download transcript

Summary

Growing a business takes a lot of time and effort. Sometimes, your efforts can have a negative impact if you’re not making the right moves. Today, Terry will help us understand how businesses are valued, so that we can focus on the activities that have the highest returns. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I’m evaluating business through the lens of does it make sense for someone else to buy it?” - Terry Lammers Terry Lammers Real Estate Background: Co-founder and managing member of Innovative Business Advisors, advising business owners on the sale of their company Had 11 different companies he grew to $40 million in annual sales before selling in 2010 Based in Fallon, IL Say hi to him at http://www.innovativeba.com/bestever Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Did you know that within a decade women will hold $30 trillion in investable assets?

0:05.3

Yet somehow only 19% of women reported feeling confident in selecting investments that align

0:11.0

with their long-term goals. Our friends at Invest Her are out to change. that and it's happening June 2nd through the 4th in Austin, Texas.

0:23.0

InvestHERCON is not just another real estate conference.

0:27.0

It's a transformational experience focused on real estate investing,

0:31.0

business strategies, and self-care tactics, all designed to help women take

0:35.5

control of their financial futures. Gain the knowledge and skills you need to grow

0:40.0

your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.

0:48.0

To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.

0:56.6

That's Invest Her, H-E-R-K-D-K-G-G-G-O-K-G-K-G-O-K-K-O-K-O-K-O-Kom,

1:00.6

Prom today to get $100 off your ticket.

1:05.0

So you're determining what rate of return will trigger me to want to buy this business.

1:10.6

So the bigger the businesses, the lower the rate of return, somebody will accept to buy that business, which increases the multiple of that business.

1:18.0

It's that time of year again, tax season, done on none, how are you doing on tax season? How's that treating you so far? Well if you have a lot of

1:26.8

receipts and you're organizing things like your income and expenses and

1:30.4

creating reports and you're also trying to keep up to date with the new tax reform this year.

1:35.0

There's a lot of deductions that we can take to maximize return and there's a lot of strategies that we need to make sure we're aware of.

1:44.0

Are you optimizing for the tax laws?

1:47.0

Well, our sponsor Stessa teamed up with the top real estate CPAs to offer you the ultimate rental property tax guide.

1:55.0

And I've read it.

1:56.5

This is the ultimate rental property tax guide.

1:59.5

I'm talking about they've got everything covered from opportunity zones to entity selection to establishing a home office

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