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David Grau Sr.

๐Ÿ‘ค Speaker
459 total appearances

Appearances Over Time

Podcast Appearances

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

I consider a small business, I mean, there's lots of definitions out there.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

It depends on what country you're in and even what industry you're in.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

But I think of a small business as...

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

at least one person up to about 100.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

And so you can have a small business that's twice that size.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

But but most of my clients, most of the people I consult with are somewhere between five people and about 25 people, owners and employees alike.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

And so at that size,

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

AI is out there on the horizon for them as far as being a game changer.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

I was working with a CPA firm a couple of weeks ago that's literally working on plans for its third generation of ownership.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

And then as part of the spreadsheet and process, we'll even include generation four.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Not many businesses get that far.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

I asked them, you know, because I came from the law profession.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

They're in the accounting profession and do tax returns.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

I said, so will AI in your lifetime, and I'm speaking to the senior owners, they're all in their 60s, my age.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

I said, will AI change your business significantly?

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Faster tax returns, less time, more profits.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

And they said,

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

No, we are not seeing it yet.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

It is making our meetings go faster.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

It can take notes.