HVAC-ology Episode 6: HVAC Business Setup, Valuation and More with Dan D'Alberto

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Ever wondered how to structure your business to protect your personal assets and boost financial health? Join Kelly Patterson and Ryan Hudson on HVAC-ology as they chat with Dan D'Alberto, managing director of Purpose Equity. Dan's unique career path from political science to private equity offers a treasure trove of insights for entrepreneurs. Learn why forming a proper legal entity like an LLC is essential and discover practical tips for operational preparation.
Managing your business finances might seem overwhelming, but Dan breaks down the complexities into digestible pieces. Learn the critical stages of cash creation, from Work in Progress to Accounts Receivable, and the importance of regular invoicing to maintain cash flow. Our discussion also sheds light on effective bookkeeping practices, the impact of different accounting methods, and the substantial costs businesses incur due to poor working capital management.
Curious about how to value your business accurately? This episode covers everything from understanding EBITDA to the factors influencing business valuation and sales, such as company size and recurring revenue. We also delve into transitioning from hands-on operator to strategic leader, offering guidance on acquiring a business using SBA loans and 401k funds. Plus, hear a compelling story about a partner buyout facilitated by Purpose Equity, showcasing the complexities and solutions in navigating business sales amidst personal conflicts. Don't miss these invaluable insights from Dan D'Alberto. Follow HVACology for more industry-leading discussions!

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1. HVAC-ology Episode 6: HVAC Business Setup, Valuation and More with Dan D'Alberto (00:00:00)

2. Starting and Growing a Business (00:00:02)

3. Business Structure and Liability Protection (00:11:15)

4. Managing Accounts Receivable and Working Capital (00:19:45)

5. Valuing Companies (00:29:57)

6. Factors Affecting Business Valuation and Sale (00:37:39)

7. Transitioning Business Ownership and Buying Opportunities" (00:45:00)

8. Success Through Partner Buyout Strategy (00:57:06)