Archive - Raising Capital, Funding Your Business, Preparing To Sell With Josh Holley

Archive - Raising Capital, Funding Your Business, Preparing To Sell With Josh Holley

In today’s episode, Nick sits down with friend and Bryker and Co founder, Josh Holley to discuss raising capital and selling your business.

The episode begins with Nick and Josh discussing how they met. They were training for a marathon together and Nick says that he learned a lot from training with Josh. A big part of Josh’s training was about learning restraint in his workouts and that was a big takeaway for Nick. When they started training together, Nick says Josh taught him a lot about business as well. Josh began his role in finance in the beginning of the recession in a restructuring firm. He thought he’d only be in the role for a couple years before transitioning back to a traditional finance role, however he stayed for seven years. He credits this time with accelerating learning and leading him to his current work of building finance and accounting into businesses.

Even before you get into raising money Josh says you need to understand the cash needs of your business. Nick agrees, citing a personal story of his own business needs as an example. More than fifty percent of the time, even in well established businesses, leaders are looking at the bank account as the measure of health and success when financial statements tell a different story. Josh stresses the importance of accrual accounting, whether you’re trying to better understand the business, raise capital, or sell the business. Nick and Josh both agree that there are a lot of parallels between marathon running and business building because both require pacing and endurance.

In the early days of growing your business, you may have small bank loans, but a large part of your revenue will come from friends and family. For these types of investments, Josh recommends a Safe Agreement. This will allow those close to you to invest in your business now and not discuss valuation until you get more traditional investors. Later, when you feel like your back is against the wall, this isn’t the time to raise equity, Josh says you should be looking to get creative and work with vendors and others to save money. Nick agrees, and adds that this is why relationship building is important to him and his business.

For business owners, Nick and Josh recommend an accountant as one of your first hires. This will allow you to move to building the business not being stuck in the business. As you prepare to sell your business, there are a few things that will help you seem more desirable to buyers. This will be things like practicing accrual accounting, tracking sales tax and one time expenses, as well as implementing a board. If you don’t have these things in place there may be doubt in investors or buyers minds. Having all this in place can help you avoid earn out at closing. These things are an expense, certainly, but Nick and Josh say you’ll earn it back with investment or buy out.

As the episode ends, Josh reminds listeners that when selling your business you have to keep the buyer in mind, and Nick stresses the importance of looking to the future rather than getting bogged down in the present.

Timestamps:

0:00- Nick introduces the episode and today’s guest, Josh Holley.

3:14 - How Nick and Josh met.

8:11- Josh shares how he came to investment banking.

13:47 - Common business problems Josh sees in his work.

22:08 - Josh discusses how to better understand your business.

36:56 - Safe Agreement

48:34 - The importance of accounting

1:03:14 - How to get ready to sell your business.

Links:

Follow Josh Holley.

Learn more about Nick Bare on his

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082: Reflections on Legacy and Building a Life of Impact

082: Reflections on Legacy and Building a Life of Impact

For this conversation, I wanted to share personal updates about my expanded family and the challenges and joys of welcoming my newborn son, Niko. I dive into the significant changes that come with having a second child, drawing parallels from a conversation with our COO and his running analogy. This episode explores the importance of patience, endurance, and growth during life's stressful seasons. I reflect on what legacy means, moving beyond material wealth to focus on impact, character, and teaching future generations. Through my experiences, I emphasize the importance of purpose and direction, the difference between making and finding time, and transforming perceived enemies into allies to build a lasting legacy. CHAPTERS 00:00 The Importance of Legacy 00:53 Life Update: Becoming a Father of Two 01:50 Challenges of Parenting Two Kids 05:28 Emotional Moments and Reflections 09:52 Defining Legacy 20:18 Making Time for What Matters 38:40 Purpose and Direction in Life 45:52 Building a Legacy Without Enemies 52:07 Final Thoughts on Legacy Strength, endurance, and wellness supplements to fuel your performance. SAVE 10% at BPN Supps: https://bit.ly/nickbare10audio FOLLOW: IG: https://www.instagram.com/thenickbarepodcast YT: youtube.com/@nickbarefitness

2 Syys 202452min

081: How Positive Psychology Drives Athletic Performance with Luke Hopkins

081: How Positive Psychology Drives Athletic Performance with Luke Hopkins

In this episode, I sit down with BPN athlete Luke Hopkins, a pro natural bodybuilder and hybrid athlete currently training for an Ironman. He recently graduated from USC with a degree in neuroscience. Luke shares how a positive mindset and psychological strategies impact high-level sport performance. He and I cover the physical and mental challenges of Ironman training, the importance of progressive overload, and the benefits of group training. This conversation is all about pacing, setting realistic goals, and the balance between training and daily life, with insights from both of our personal experiences. CHAPTERS 00:00 Introduction to the Podcast and Guest 01:09 Olympic Highlights and Athletic Feats 02:21 Mental Resilience in Sports 03:33 Personal Athletic Challenges and Training Insights 12:50 Moving to Austin and Pursuing Dreams 16:15 Use Courage to Take Risks 23:25 Mental Health and Neuroscience 33:36 Handling Mistakes and Constructive Feedback 37:32 Importance of Enduring the Process 40:37 How to Balance IQ and EQ 41:59 The Power that Social Media has 45:12 Mindset and Self-Talk 47:22 Positive Psychology and Performance 55:11 What Are Group Dynamics? 01:10:50 Progressive Overload in Training and Life 01:19:17 Ironman Training Insights Follow: IG: instagram.com/thenickbarepodcast YT: youtube.com/@nickbarefitness Keep up with Luke: IG: instagram.com/lukehoplife Strength, endurance, and wellness supplements to fuel your performance. SAVE 10% at BPN Supps: https://bit.ly/nickbare10audio Follow: IG: instagram.com/nickbarefitness/ YT: youtube.com/@nickbarefitness

26 Elo 20241h 24min

080: 5 Traits To Master So You Can Go All-In

080: 5 Traits To Master So You Can Go All-In

These are five essential traits you need to master in order to truly go all-in on your goals and purpose. I'm exploring the importance of operating at "Level 12," where intensity outweighs mere volume, and how building resilience through hardship can be a game-changer. I'll also emphasize the power of owning your focus by eliminating distractions and playing the long game for lasting success. You can challenge the norm by rejecting conformity and leading with your values. CHAPTERS: 00:00 Introduction to Purpose and Success 01:33 Defining Personal Success 03:26 Five Traits to Master for Success 07:36 Operating at Level 12 17:38 Resiliency Through Hardship 29:55 The Importance of Focus 30:15 The Fear of Focus 31:33 Burning the Boats: No Plan B 32:10 The Myth of Serial Entrepreneurship 34:39 Lessons from Steve Jobs on Focus 35:22 The Hard Way to Learn Focus 36:59 Turning Down Opportunities for Focus 39:07 The Launch and Closure of Lost Supply Apparel 41:50 Rejecting Brand Partnerships for Clarity 45:07 Playing the Long Game 47:28 The Power of Delayed Gratification 52:20 Rejecting Conformity 59:23 Final Thoughts and Takeaways Strength, endurance, and wellness supplements to fuel your performance. SAVE 10% at BPN Supps: https://bit.ly/nickbare10audio Follow: IG: instagram.com/nickbarefitness/ YT: youtube.com/@nickbarefitness

19 Elo 202459min

079: Training for HYROX Dallas: The Next Fitness Challenge

079: Training for HYROX Dallas: The Next Fitness Challenge

I discuss my new training journey for the HYROX competition set for November 23, 2024, in Dallas, Texas. I'll talk about what HYROX is, how it differs from CrossFit, and detail my current training structure and dietary adjustments. Also, I'll touch on my motivation for entering the competition, transition from strength training and marathons to a hybrid athlete lifestyle, and the importance of staying a student in the fitness world. This update will cover intense workout routines, team involvement, and the critical role of proper nutrition in this new endeavor.CHAPTERS0:00 Introduction to HYROX Training01:42 The Decision to Compete04:19 HYROX Race Structure and Categories08:19 Training Regimen and Birthday Workout11:59 Why Compete in HYROX?18:40 Learning from Past Experiences32:35 HYROX vs. CrossFit36:29 Current Training Structure47:50 Diet and Nutrition Adjustments55:21 Conclusion and Final ThoughtsStrength, endurance, and wellness supplements to fuel your performance. SAVE 10% at BPN Supps:https://bit.ly/nickbare10audioFollow:IG: https://www.instagram.com/thenickbarepodcast/YT: youtube.com/@nickbarefitness

12 Elo 202455min

078: Must-Have Running Gear: My Top Choices

078: Must-Have Running Gear: My Top Choices

In this episode, I deep dive into my favorite running gear, accessories, gadgets, and apps that have stood the test of time and proven to be essential for training and races. As marathon season gets closer and closer, let's walk through some must-have running gear that I use that will help you elevate your performance. Topics I cover: -The best GPS running watch and why I trusts Garmin for all my runs. -Top running shoes for training and racing, including Hoka, Saucony, and Nike. -Essential fueling and hydration tips using BPN products to optimize your performance. -Favorite running shorts and accessories that offer comfort and functionality. -Key apps and technology that enhance your training and recovery. Strength, endurance, and wellness supplements to fuel your performance. SAVE 10% at BPN Supps: https://bit.ly/nickbare10audio Follow: IG: instagram.com/nickbarefitness/ YT: youtube.com/@nickbarefitness Topics: 0:00 Intro 1:00 Welcome and updates 4:47 GPS watches 7:59 My introduction to GPS watches 12:52 Monitoring heart rate data 17:20 Garmin Epix 21:31 How I choose shoes 26:08 My shoes of choice 34:50 The importance of fueling properly 36:45 What I use to fuel my endurance training 46:15 Running shorts 51:20 Apps I use to help my training 59:03 Quick hit items I keep in my toolbag

5 Elo 20241h 2min

077: Advantages of Sauna Therapy and the SISU Lifestyle with Pete Nelson II

077: Advantages of Sauna Therapy and the SISU Lifestyle with Pete Nelson II

In this episode, I’m talking with the founder of SISU Lifestyle, Pete Nelson II, as he shares the incredible journey of building his brand while maintaining a balanced family life. I discuss with Pete the health benefits of sauna therapy, the dynamic practice of combining saunas with cold plunges, and the crucial role of solitude and reflection for mental clarity. Pete’s story is committed to showing us all how to build a life rooted in resilience and simplicity. We discuss his upbringing and the resilience of his parents and grandparents instilled a relentless work ethic in him. He shares his father’s transformation from a long-time smoker to an ultra-marathoner and how it influenced him to push beyond limits and impart those same values to his own children. Save 10% at BPN Supps: https://bit.ly/nickbare10audio Live Better, Longer. Premium Saunas Built to Last. https://sisulifestyle.com/ Follow for more: IG: https://www.instagram.com/nickbarefitness/?hl=en YT: https://www.youtube.com/@nickbarefitness Keep up with Pete: IG: https://www.instagram.com/peternelsonii/?hl=en Topics: 0:00 Intro 1:00 Welcome and updates 1:57 Leading through action for your kids 11:08 Growing up with Dad 16:55 Setting an example for your kids 21:13 What is SISU? 29:07 Keeping it simple 40:00 The story behind SISU’s high quality standard 46:32 The benefits of sauna 56:39 Approaching using a sauna 1:06:16 The meditative benefits of using the sauna 1:08:47 Surrounding yourself with people that will improve culture 1:18:22 Be the change you want to see

29 Heinä 20241h 23min

076: Omega-3 Benefits, July 4th Sale, Western States Reflections, & More

076: Omega-3 Benefits, July 4th Sale, Western States Reflections, & More

I'm deep-diving into the recent whirlwind of activity both in my personal life and at BPN. From celebrating our most successful 4th of July sale ever to gearing up for our 12th anniversary next month, there's so much to share. Firstly, a huge thank you to all our listeners and supporters for making our 4th of July sale a record-breaking success. Your love for our products fuels everything we do at BPN, and we couldn't be more grateful. Today, we'll discuss the importance of omega-3 fatty acids in our diets, inspired by the recent conversation with Max Lugavere. Plus, I'll be sharing some exciting updates on our product lineup and how your feedback is shaping our brand in 2024. On a personal note, I had the incredible opportunity to pace Sally McRae at the legendary Western States 100. The experience has left me inspired and determined to tackle the race myself one day, marking it as a major goal for the future. And of course, I can't wait to fill you in on my latest training regimen, a blend of strength training and cardiovascular conditioning that's been integrated into my workouts lately. Join me as we explore these topics and more on today's episode. Strength, endurance, and wellness supplements to fuel your performance. SAVE 10% at BPN Supps: https://bit.ly/nickbare10audio Follow: IG: https://www.instagram.com/thenickbarepodcast/?hl=en YT: youtube.com/@nickbarefitness Chapters: 0:00 Intro 0:52 Welcome and updates 9:23 Being a forever student 11:35 How my thinking on nutrition has evolved 18:32 Being proactive to have high quality of life in our late years 25:42 Benefits of omega-3 fatty acids 29:46 Sources of omega-3 fatty acids 36:17 Omega 3 supplements 39:35 BPN’s 12-year anniversary 44:37 Fourth of July sale 1:05:28 Western States 100 1:18:16 My new HYROX training routine

22 Heinä 20241h 25min

075: How Proactive Nutrition Can Improve Brain Health with Max Lugavere

075: How Proactive Nutrition Can Improve Brain Health with Max Lugavere

Max Lugavere is a renowned health and science journalist, filmmaker, podcaster, and New York Times bestselling author. Max's journey into researching brain diseases began with personal motivation and has led to groundbreaking insights on how nutrition can impact the preventability of brain diseases. This episode discusses how Max has transformed our understanding of brain health by highlighting key risk factors such as genetics, ultra-processed foods, pollution, and chemical exposure. Now is the time to optimize brain health and reduce the risk of cognitive decline through informed lifestyle choices. Gain expertise and take actionable steps towards a healthier brain and a more informed approach to nutrition and overall well-being.
Strength, endurance, and wellness supplements to fuel your performance.SAVE 10% at BPN Supps:https://bit.lynickbare10audio
Follow:IG: instagram.com/nickbarefitness/YT: youtube.com/@nickbarefitness
Keep up with Max:IG: instagram.com/maxlugavere/Max’s Documentary: littleemptyboxes.com/
Topics:0:00 Intro0:38 Welcome7:25 Working on Max’s documentary for 10 years11:29 Preventing brain disease14:58 Improving your genetic risk factor17:38 Modifiable and non-modifiable risk factors23:23 Different diagnoses of brain disease27:55 How Max’s research started38:18 Max documenting the hard moments51:06 Slowing the degeneration of the brain57:38 Adjusting your diet for brain health1:17:08 If it fits your macros diets1:27:04 Monounsaturated fats1:29:44 The benefits of saunaing1:35:08 Little Empty Boxes
TAGS: Max Lugavere, brain health, nutrition, brain diseases, preventability, genetics, ultra-processed foods, pollution, chemical exposure, cognitive decline, health optimization.

15 Heinä 20241h 41min

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