Financial freedom can feel like a distant dream, but what if it was within your reach? Do you want to boost your profits, elevate your business value, and create an optimal post-exit life path? The Deep Wealth Podcast is the source to exclusive strategies designed to steer you towards extraordinary success.Did you know that a staggering 90% of liquidity events fail? Even "successful" exits often leave between 50% to over Here's a shocking fact: 90% of liquidity events fall short. Even those "successful" exits often leave between 50 to over 100% of value in the buyer's handsAt The Deep Wealth Podcast, we're all about sharing the strategies that paved the way for our founders' 9-figure exit journey. It's time to unleash your deep wealth and enrich both your business and personal life.Subscribe now and take the first step towards your journey to financial freedom:https://iapdw.com/podcast
https://podcast.deepwealth.com
episode 45: Former Investment Banker Now Virtual CFO Daryl Ching On How To Maximize EBITDA For Your Liquidity Event (#45)
"You can be whatever you want to be." - Daryl Ching
Daryl Ching is the founder of Vistance Capital Advisory and an expert in structured finance. He has made numerous appearances on the Business News Network and has been quoted in major newspapers and magazines.
Daryl has over 10 years of experience in investment banking, primarily at RBC Capital Markets, and spent another 10 years working in an executive capacity, operating small businesses, raising over $50 million in equity and debt financing.
Daryl has worked in almost every facet of the financial world, gaining valuable knowledge and insights, which he now brings to the table to benefit his clients.
Daryl also served on the investment committee of Maple Leaf Angels for over a year.
The Sell My Business Podcast is brought to you by Deep Wealth.
The Deep Wealth Experience has you learn the 9-steps of preparation in 90-days. At the end of the 90-days, you have a blueprint for optimizing the value of your business. You also enjoy the certainty that you capture the maximum value.
SHOW NOTES
- How Daryl's background as an investment background gives him an edge as a CFO
- Daryl discusses the areas that most business owners overlook on the financial side
- The downsides of not having a CFO help you in your business
- How a virtual CFO service gives you access to top talent without the hefty costs
- Why it's important to have your financial reports ready in advance of a liquidity event
- How a CFO can help you in your business even if you're not having a liquidity event
- What Daryl does to have a business more attractive to a buyer
- The importance of succession planning
- How Daryl's buy-side experience helps business owners with their liquidity event
- Overlooked items in financial due diligence that you need to know
- The importance of a business running without the owner
- Why it's important to reduce EBITDA adjustments before your liquidity event
- How a buyer views EBITDA adjustments and why this can hurt your liquidity event
- Why you need a track record of at least two years of financial history
- The importance of removing any room for interpretation with financial statements
- Why business owners need to be upfront with buyers about EBITDA adjustments
- Tax implications of keeping a business or selling a business and what you n
Resources To Have You Thrive And Prosper
The Deep Wealth Podcast helps you extract your business and personal deep wealth. You'll learn and master the foundational strategies in the Deep Wealth 9-step Roadmap. These are the same strategies that our co-founder, Jeffrey Feldberg, leveraged for his 9-figure exit.
Enroll in the 90-day Deep Wealth Mastery program to grow profits, increase the value of your business, and optimize your post-exit life. Send an e-mail to insights{at}deepwealth.com with the words "Deep Wealth" in the subject line for more information.
Click the link below to access the resources, gear, and books that either our guests or the Deep Wealth team leverage to increase success:
https://www.deepwealth.com/thrive
Contact Deep Wealth:
- The Deep Wealth Strategy Map
- Tweet @JeffreyFeldberg
- Subscribe to The Deep Wealth Podcast
- Email podcast[at]deepwealth[dot]com
Help us pay it forward by leaving a review.
May you continue to thrive and prosper while remaining healthy ...