“You can borrow more if the business is less risky… it frees up the capability of the owner… de-risks the business”
Sam Waterhouse · The Business of Allied Health · The Business of Allied Health - Episode 31: Deanne Bannatyne & Sam Waterhouse
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What was described
claim that reducing owner dependency de-risks the business and makes it easier to borrow more money
Said nearby on the same subject
“I went back through my own files on 22 family and owner run businesses… I counted every time the business still needed the owner… I found 376 dependencies. The typical business had 17, the fewest was seven. The most was 26… 31% of the things… were decisions.”
CG
Chris Green
The Green Room with Chris ·
Hard number376 total dependencies; average 17 per business; range 7-26; 31% were …Share this moment
“He pitched the owner on a structure borrowed from real estate, the lease option… Between a seller note and a borrowed equity injection, he has essentially none of his own money in the deal.”
EY
Elias Youssef
Acquiring Minds ·
Business modelrun-rate $3-4 M; none of his own moneyShare this moment
“I had single source dependency in my business with Facebook ads … I couldn’t afford the marketing team, so I rebuilt my business to have a moat that is more self-sustainable.”