A Short History of Machine Learning — Every Manager Should Read

A Short History of Machine Learning — Every Manager Should Read It’s all well and good to ask if androids dream of electric sheep, but science fact has evolved to a point where it’s beginning to coincide with science fiction. No, we don’t have autonomous androids struggling with existential crises – yet – but we are getting ever closer to what...

How Much Money Is Your Business Worth?

I help business owners find an ideal buyer for their business everyday and the foremost question on all buyers and sellers mind is how much money is the business worth? The answer to that questions is a business is worth exactly what a buyer is willing to pay for it. Interestingly, there is actually a method to finding that magic number and that’s exactly what I will explain in this article. We will first need to find the Seller Discretionary Cashflow in order to properly value the price of a business. Seller Discretionary Cashflow is a term used to describe the money that a business owner actually benefits from in its entirety. This basically takes into account the Net Income plus any expenses and deductions considered to be of benefit to the business owner. Examples of such expenses and deductions also referred to as “Add Backs” are: compensation to the owner, amortization, depreciation, certain inventory losses, a health insurance plan, a car payment, a mobile phone payment or even entertainment. It is fairly easy to determine Seller Discretionary Cashflow by simply reviewing a recent Profit & Loss of the business. Let’s say a Bed & Breakfast had a tax return profit of $50,000.00 which would be the starting point for several add backs. For instance, if the owner was paid a salary of $40,000 and the business had $15,000 in depreciation, $15,000 in amortization, $8,000 for a personal vehicle, $2,000 for a cell phone PLUS Dry Cleaning, Clothing, Entertainment, Travel of $15,000 the Seller Discretionary Cashflow would be $145,000.00 Once you have the Seller Discretionary Cashflow now it is...

How GM Beat Tesla to the First True Mass-Market Electric Car

How GM Beat Tesla to the First True Mass-Market Electric Car Ten years ago, the room where I’m standing would have been filled with a deafening roar. The air would have pealed with the sound of a dozen V-8 engines, each one trembling atop its own laboratory pedestal as engineers in white shop coats used joysticks to adjust its throttle and...

Cancer Took His Wife. Now He’s CEO Of One Of The Most Audacious Cancer Startups In Years

Cancer Killed A Google Executive’s Wife. He Thinks His New Startup Might Have Saved Her Jeff Huber Jeff Huber, who helped lead the development of Google’s ad software and its iconic maps application will be the chief executive of Grail, a startup that raised $100 million last month to create a blood test to detect cancer early, when it is treatable. His reasons are scientific, but also...

You Won’t Grow Your Business Relying on These 3 Marketing Myths

You Won’t Grow Your Business Relying on These 3 Marketing Myths There’s a lot of money to be made online. In 2014, more than $300 billion dollars was spent online according to The Internet Retailer. The Internet offers opportunity. Getting some of those dollars isn’t as simple as showing up,...