RE-RELEASE Business Ownership with Dan D'Alberto: The Good, The Bad, and The Profitable

HVAC-ology

Send us a text

Join us this week on HVACology as we dive (again) into the intricacies of starting, running, and selling a business with esteemed expert Dan D'Alberto. This re-released episode from Season 1 is packed with wisdom for anyone considering a venture in the business world. We cover everything from the importance of forming an LLC to protect your assets to the critical role of bookkeeping in ensuring financial health. The conversation evolves to address how to evaluate the worth of your business and the pivotal differences between recurring revenue and project-based income.
Dan shares his keen insights on essential practices, such as invoicing and cash flow management, that can lead to thriving business operations. We even touch how to create a business that can stand independently without you and ensures its long-term legacy. Prepare for practical tips on business succession planning and strategies for those who want to enter the entrepreneurial scene without significant financial backing.
This episode promises to empower you and kickstart your own business journey, whether you're at the beginning, looking to buy, or planning to pass on your legacy. Subscribe, share, and leave a review to let us know how we can further assist your journey!

Please be sure to subscribe to our podcast and share with anyone who might be interested!

Chapters

1. Welcome to HVACology (00:00:00)

2. Starting Off with Dan D'Alberto (00:06:15)

3. Essential Steps for Starting Your Business (00:15:30)

4. Legal Considerations: Forming LLCs and Operating Agreements (00:24:10)

5. Understanding Financial Health: QuickBooks and Working Capital (00:35:05)

6. Evaluating Company Value for Selling (00:48:50)

7. The Importance of Recurring Revenue in Business Valuation (00:57:15)

8. Preparing for Business Succession and Legacy Building (01:05:40)

9. Tips for Aspiring Entrepreneurs without Funds (01:15:30)