Podcast 35: Top Nerd Travel Tools
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Nerd Marketing Ecommerce Podcast
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In this episode, Drew talks in-depth about the tools that made productive work possible during a 7-month long trip across the globe with his family. Subscribe: iTunes | Stitcher EXCLUSIVE RESOURCE: Prefer to read rather than listen? Click here to download the text transcribe from this episode. Highlights 19 Online tools that made it possible to work and travel for 7 months Productivity tips and hacks for combining work with travel Links / Resources Download my list of Top Nerd Travel Tools Sanebox Worldwide101 (Mention Drew sent you and get 20% off your first month) Sovereign man Transcript Prefer to read rather than listen to the podcast episode? No problem, you can request the text transcribe and I will send it to you as a PDF. → Read the Transcript Drew:Hey everybody. Drew Sanocki here with the Nerd Marketing podcast. This is an early morning podcast. I'm recording this at 4:30am because I am on the West Coast and I'm still on East Coast time. Got up this morning at the nice time of 3:00 a.m. I don't even have my kids here with me to get me up, so what else would I want to do at zero dark thirty but bust out a podcast? I'm here working on a big deal, and more on that in an upcoming podcast episode. Today, I know I promised everybody my top tools, my top travel tools. These are apps and tools and gadgets and cool things that I really appreciated when I spent seven months on the road with my family going to Europe over the last year. We're about to go to Asia. We're thinking of a trip to Asia again for another six or seven months. These things are going to be in my travel bag or on my laptop or on my phone. They really help run my business remotely. I think I mentioned in the last episode that one of the visions I have is running an iPad business or being an iPad leader. What that just means is I want to be able to run everything off the iPad. I don't want to do it on my computer. Initially I laughed when I saw these kind of senior private equity guys show up at board meetings just with their iPads, but now I get it. There's nothing better than getting on an airplane with just your iPad and a small bag of your clothes and just kind of sitting down, preferably in first class or business class, you take out the iPad, do a little bit of work, watch a couple videos, watch some Seinfeld and that's it. I don't want to be hunched over a laptop the rest of my life so iPad leadership is kind of what I'm going for and that really has helped inform some of these tools. I started out to do a list of about 12. I think I ended up with a list of, I don't know, I want to say 30 or so. Too many to go into in this podcast, so what I'm going to do is highlight some of my favorites on the podcast and then you can go to the show notes and download a PDF that has the whole 30, many of which you probably know about, but I think what I tried to do here is be a little bit different from the standard Tim Ferris bio life hacking stuff and just talk about what a typical dad might appreciate on a trip or a typical parent. So, without further ado, SaneBox. Let me start with SaneBox, which I've talked about before. It's an app to help you manage email. The primary benefit is fewer interruptions, right? It's like reduced information that you have to process on a daily basis. This holds true if you're traveling, it holds true if you are going into your office every day, but there's a lot of evidence that shows that the more information you've got to process, your willpower goes down, you just kind of get beaten down and stressed out. The beauty of SaneBox is you can configure it, or when configured the proper way, you can open your inbox at any time and all you see is the most important stuff and it's typically, in my case, I've got the thing so dialed that it's like three or four emails that I need to respond to at any one time. If I open it at 9:00 a.m., 10:00 p.m.,
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Podcast 40: My Private Equity Rolodex
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Podcast 39: The Six Things You Can Do Today to Maximize Your Valuation Tomorrow
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Podcast 38: How you sell a business—“the Deal Process”
In this episode, Drew talks about the three highlights of how deals go down in the private equity process. Subscribe: iTunes | Stitcher EXCLUSIVE RESOURCE: Prefer to read rather than listen? Click here to download the text transcribe from this episode. Highlights Three highlights on how deals go down in the private equity Links / Resources FE International Quiet Light Transcript Prefer to read rather than listen to the podcast episode? No problem, you can request the text transcribe and I will send it to you as a PDF. Read The Transcript: Hey, everybody. welcome to the Nerd Marketing Podcast. Drew Sanocki. I'm still here in San Diego, still stuck. East coast is being slammed by another nor'easter. My wife's watching the kids. It's always good when you negotiate with your wife like, "Hey, I need you to watch the kids because I got this business thing I gotta deal with on the west coast. It's only gonna be 48 hours. I'll be back in a couple days." You negotiate that, she signs off, and then you're there for the whole week, and every time they FaceTime you, they see palm trees in the background, and you FaceTime them, it's like dark because it's snowing. They're losing power and stuff. So shout out to my wife, Sarah. I love you. Thank you for watching the kids. But it allows me to talk a little bit more about buying and selling a company, private equity. In this podcast, I'd like to delve into kind of how it goes down. I was working on the AutoAnything deal for maybe two months. It was accelerated because AutoZone wanted to close the deal by the end of their fiscal quarter. Typically, these process ... I've been a part of deals that have gone for like six months, and those are only the bigger ones. On the other end of the spectrum, when I sold Design Public, my small first retailer, that probably took about a month. It has to do with a lot of things: how sophisticated your buyer is or your investor, how buttoned up your own business is. But today I kind of want to talk about how the deals go down and really highlight three things. Number one is the process. This is the process you will go through if you go to sell your business or raise money or, if you are on the other side of the table and you wanna buy a business. That's the process. Number two: quick sidebar on valuations, just where you get them. Do they come out of thin air or not? And I just wanna touch on the third thing: control. That obviously applies if you are not exiting a business, but if you take an investment, control becomes a big thing. How much control do you give up of your company? Again, this all applies whether you are doing the buying or the selling, but let's start with the process. The process for ... I've probably been a part of 20 different deals, some as the buyer, some as the seller. It kind of all follows the same four or five steps. The first step is that, if you are selling, you hire a banker to run your process or a broker or decide to do it yourself, but the general idea of the process is that the banker or you, whoever's running the process, creates a deal book. The deal book is, I don't know, 10 to 20 pages, nice and pretty, with a lot of charts and graphs showing just what a wonderful investment your company is. You spend some time working with the professional to kind of put that deal book together, and then you or whoever you've hired approaches potential buyers with that deal book. The idea is to drum up interest. Typically, the banker will add some urgency into the process like, "Hey, here's the deal book on Auto Anything, and if you are interested, we'd like some approximate bid or something by next Thursday." There might be a couple calls with potential investors then or potential funds, but the first step is assembling that deal book and getting it in front of the right people. That's, I'd say, the more proactive way to sell your business.
Podcast 37: Intro to Private Equity
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