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Rocco Cozza

๐Ÿ‘ค Speaker
137 total appearances

Appearances Over Time

Podcast Appearances

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

Because a lot of- Do you even have numbers?

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

I would say, well, that's probably- All the entrepreneurs listening.

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

Yes, do you have numbers?

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

Are those numbers accurate?

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

Are you profitable?

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

And you've got to think about profit from the perspective of your bottom line EBITDA, but then also adding back in what your owners pay.

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

Owners pay, the owners' draws are taking- Especially for entrepreneurs too, because they see it as the same thing.

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

Yes, there's two different pieces of that.

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

And then-

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

do you have the systems in place?

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

Because if someone's buying a business, they want it to be plug and play.

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

They don't want to have to come in and rebuild.

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

They either want to take it as it is, run it, make it better, or plug it in.

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

Like a lot of PE firms are buying these small companies, plugging them in and rolling them up.

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

So do you have really good systems?

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

Like SOPs, so many businesses just don't have a standard operating procedure.

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

Like I always say, how do you know if someone got hit by a bus tomorrow,

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

Who would do their job?

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

And how will they know what to do?

Living The Red Life
The Lawyer Who Turns Businesses Into Exit Machines

Do you have a written documentation?