Become a Better Leader

The Deal Board

Andy and Jessica welcome you to another episode of The Deal Board Podcast; this time they are talking about leadership. Leadership is crucial, even when you are buying and selling a company, you even were or become the leader of that business and your skills as such are of great importance. The way of viewing leaders has changed; now people are looking for a servant leader, one that values the relationship with the employees, and prioritizes a psychologically safe environment at the workplace.

Listing of the week: Tom Alana (Fort Lauderdale) is selling an elevator repair company in the Turks and Caicos Islands; their gross revenue is about $2 million annually and their profit margins go from $600,000 to $700,000. They specialize in new installation, repair, and maintenance of elevators. The listed price is $1.95 million; they are able to do seller financing with at least a $1.2 million down payment. No residency is needed. A Canadian or European buyer would be ideal! Call Tom at [phone] or email at [e-mail].

Key takeaways:

[4:59] Nate Bailey who is a Leadership Guru joins today’s conversation.

[7:25] Being a leader is mentally challenging, Nate shares some of his experiences in his leadership journey.

[9:02] Nate explains how participating in physical challenges has made him a better husband, leader, and overall a better person inside of his community.

[10:21] Nate shares his advice to young people that aim to become entrepreneurs or leaders.

[14:16] How can leaders up their game to attract and retain talent?

[16:28] How does Nate motivate people to become better leaders?

[19:57] We have underestimated the mental health toll that the pandemic has taken on people.

[21:20] How do leaders receive mental health support?

[24:13] Nate talks about what he has been working on.

[25:53] Deal of the week: Michael Snider (Cleveland West) just sold a business in the medical services industry that was doing $1.1 million in sales and the net profit margin was 40%. They received a full-price LOA. The closing process took 11 months after overcoming several challenges regarding their financial statements.

[32:55] Brian Brault, founder of Legacy of Significance.

[33:34] What does leadership mean to Brian?

[35:50] How does the role of a leader pivot in a transition-like situation?

[39:26] Brian explains why providing certainty to people is not always an option.

[40:01] Brian describes the skills needed in a leader to help reduce the stress levels of employees.

[42:07] Brian shares an example about leadership during transition times.

[45:02] Are leaders born or made?

[49:05] How can leaders strengthen their leadership muscle and even increase their emotional intelligence?

[52:29] Brian explains what Legacy of Significance is all about.

[56:12] Listing of the week: Tom Alana (Fort Lauderdale) is selling an elevator repair company in the Turks and Caicos Islands; their gross revenue is about $2 million annually and their profit margins go from $600,000 to $700,000. The price is $1.95 million; they are able to do seller financing with at least a $1.2 million down payment.

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