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Two Keys for Agile Business Owners, with Marika Ponton, Office Angels

September 15, 2023 by John Ray

North Fulton Studio
North Fulton Studio
Two Keys for Agile Business Owners, with Marika Ponton, Office Angels
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Financials

Marika Ponton: I live it. It is so crucial. When I was a flooring business owner, so many of the other franchisees would come to me because, I was profitable and I was having all these sales. And they’re like, well, what do you do? You know what, tell me how to be like you. Well, I mean, no one can be Marika, but what I can tell you is:  how do your financials look?

Dig into your financials. I’m happy to look at them. And I did. And I would just glaringly see things. Hey, why are you spending on this when you know, your sales are down 50% from last month? Ooh, good point. So that’s number one.

And number two, I would say is just same things we’ve been talking about right here is take stock of non critical tasks that you’re doing. Take stock. Write it down. What are things that you are doing that you shouldn’t be doing and aren’t the best use of your time and outsource those. And that’s Office Angels is there to help you with that.

Listen to Marika’s full ProfitSense interview with Bill McDermott interview here. 


The “One Minute Interview” series is produced by John Ray and the North Fulton studio of Business RadioX® in Alpharetta. You can find the full archive of shows by following this link.

Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has grown to become one of the Southeast’s strongest financial institutions with over $13 billion in assets and more than 190 banking, lending, wealth management and financial services offices in Mississippi, Alabama, Tennessee, Georgia and Florida. All of Renasant’s success stems from each of their banker’s commitment to investing in their communities as a way of better understanding the people they serve. At Renasant Bank, they understand you because they work and live alongside you every day.

Tagged With: bookeeper, CPa, financials, Marika Ponton, Office Angels, One Minute Interviews, ProfitSense with Bill McDermott, small business owners, The Profitability Coach, virtual admin

Four Components to Prepare a Business to Sell, with Bill McDermott, Host of ProfitSense

August 29, 2022 by John Ray

Sell
North Fulton Studio
Four Components to Prepare a Business to Sell, with Bill McDermott, Host of ProfitSense
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Sell

Four Components to Prepare a Business to Sell, with Bill McDermott, Host of ProfitSense

In this commentary from a recent episode of ProfitSense, Bill compared selling a business to selling a house, and laid out four important components to prepare a business to sell.

ProfitSense with Bill McDermott is produced and broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Bill’s commentary was taken from this episode of ProfitSense.

About ProfitSense and Your Host, Bill McDermott

Bill McDermott
Bill McDermott

ProfitSense with Bill McDermott dives into the stories behind some of Atlanta’s successful businesses and owners and the professionals that advise them. This show helps local business leaders get the word out about the important work they’re doing to serve their market, their community, and their profession. The show is presented by McDermott Financial Solutions. McDermott Financial helps business owners improve cash flow and profitability, find financing, break through barriers to expansion and financially prepare to exit their business. The show archive can be found at profitsenseradio.com.

Bill McDermott is the Founder and CEO of McDermott Financial Solutions. When business owners want to increase their profitability, they don’t have the expertise to know where to start or what to do. Bill leverages his knowledge and relationships from 32 years as a banker to identify the hurdles getting in the way and create a plan to deliver profitability they never thought possible.

Bill currently serves as Treasurer for the Atlanta Executive Forum and has held previous positions as a board member for the Kennesaw State University Entrepreneurship Center and Gwinnett Habitat for Humanity and Treasurer for CEO NetWeavers. Bill is a graduate of Wake Forest University and he and his wife, Martha have called Atlanta home for over 40 years. Outside of work, Bill enjoys golf, traveling, and gardening.

Connect with Bill on LinkedIn and Twitter and follow McDermott Financial Solutions on LinkedIn.

Tagged With: Bill McDermott, exit planning, financials, profitability, ProfitSense, sell a business, The Profitability Coach

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