Jeffrey Slayter

EPISODE 5: ENDGAME: Prep Your Company for the $100 Million Exit

How do you prepare your company for a $100 million exit? Craig Slayter draws on more than 30 years of experience as a Silicon Valley start-up entrepreneur, CEO, founder, general manager, and MNA executive. He has personally raised over $50 million in venture capital funding. The first company he founded at the age of 31 was SoftStyle, an embedded software company, which he sold 5 years later to Phoenix Technologies, where he participated in taking that company public.

He has assessed hundreds of companies for potential acquisition, and participated in acquisitions ranging from $5 million to over $100 million. He’s also the co-founder and first CEO of oDesk, which is now Upwork, the world’s largest freelance marketplace. Jeffrey Slayter interviews Craig Slayter, his father, to share his experiences and exit plans with game-changing and innovative entrepreneurs.

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This podcast is brought to you by: The Entrepreneur Elders Group

THE WORLD’S MOST CONTROVERSIAL INFLUENCERS, IN AN UNEARTHING BUSINESS MASTERMIND EXPERIENCE..

An experiential mastermind to find your entrepreneurial edge, through adventure challenges with peers that will take you through the layers of reality as you know them.

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DISCOVERY OF THE DAY: What was your favorite quote or lesson from this episode? Please let me know in the comments!

Time-Stamped Show Notes

[00:00] Introduction of Craig Slayter, his professional background and experience.

[01:50] Craig Slayter shares the story of what he learned about the exit when it came time to sell his very first company. He advises entrepreneurs to start your business with the exit in mind.

[03:42] One of the biggest mistakes entrepreneurs make is messy capital structures that require cleaning up when it’s time to exit.

[06:30] The difference and importance between finding businesses to sell and businesses which are saleable.

[10:00] Minimizing the risks your buyer is trying to avoid will strengthen your company and lead to a much higher amount of money.

[13:56] Craig Slayter answers questions about business founders who think of their businesses as their babies and have a hard time separating their own identity. This makes selling the business harder than it has to be.

[17:14] Common sense answers and valuable ideas to assess individual business situations.

[21:53] The importance of retaining enough equity as you can while still giving up enough to attract others to the business.

[25:36] Sharing some of his own experiences, Craig Slayter discusses the importance of having a proper cap structure from the very beginning of setting up a new business.

[26:25] Red flags of companies without strategic planning.

[32:50] A strong management team adds value. Top talent attracts venture capitalists and makes for a better acquisition.

EPISODE 4: Will Work for Chocolate: Evolution of a Conscious Company

Pana Barbounis had an idea. He wanted to make quality chocolate. He didn’t want to make just any chocolate, his would be one of the finest chocolates in the world. It wouldn’t just taste wonderful, it would be good for those who ate it, it would be vegan, organic, hand-made, and hand-packaged. Customers would be able to taste the difference. His company would also be kind to the earth. The company’s motto would be “Love Your Insides, Love the Earth.” He delivered his first bars to local companies via his Vespa scooter.

Now, little more than four years later, Pana Chocolate is available in over 4,000 stores and 25 countries around the world. It is one of the largest vegan, organic chocolate companies on the planet. He has a huge Instagram following, and as Jeffrey Slayter points out, his is the perfect example of a conscious company. He’s been invited to the show to share what he has learned with those who are also growing successful businesses.

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This podcast is brought to you by: The Entrepreneur Elders Group

THE WORLD’S MOST CONTROVERSIAL INFLUENCERS, IN AN UNEARTHING BUSINESS MASTERMIND EXPERIENCE..

An experiential mastermind to find your entrepreneurial edge, through adventure challenges with peers that will take you through the layers of reality as you know them.

Find out more here: http://thejeffreyslaytershow.com/apply-to-eeg

DISCOVERY OF THE DAY: What was your favorite quote or lesson from this episode? Please let me know in the comments!

Time-Stamped Show Notes

[00:00] Introduction of Pana Barbounis, CEO of Australia’s Pana Chocolate, including a brief history of the company.

[03:10] Barbounis believes in giving back, and when he founded his company in 2012 he honored the earth by planting 10,000 trees. Every year since then, he has increased the number of trees planted.

[05:07] Give-back programs encourage employee engagement in the company culture and increase loyalty, making it not just a good idea, but a good business decision as well.

[07:02] His biggest challenge in business is a staff of over 100. He details some of the things he has learned from his own experience.

[09:40] Barbounis cautions entrepreneurs against chasing down every idea and spreading yourself too thin or losing direction.

[11:20] Hard-won advice on leadership for other CEOs. Don’t wait for things to happen and always evolve.

[14:40] Sharing ideas within a team often reveals more than one way of achieving a result.

[16:15] How Barbounis went about branding his product, and how other CEOs can adapt techniques to their own product or service.

[20:30] In 2017 Barbounis wants to see continued growth, a great company culture, improved communication, and further work on projects of sustainability.

[21:23] Examples and tips on being a conscious company for other CEOs doing over $1,000,000 in business per year.

[24:02] Barbounis talks about environmental impact and the shift in buyers demanding products that are in tune with their own personal beliefs and mission, as well as the impact of social media.

[28:42] Maintaining consistency in company culture and product quality.

[33:00] Altering your perspective and pre-conceived beliefs opens new doors in terms of growth and profits.

[37:00] Barbounis shares a few inspiring words for his team at Pana Chocolate for the new year.

EPISODE 3: From Down and Out to Millionaire

Joshua Smith, now a highly successful entrepreneur, has seen his share of struggle. At twenty-one years of age he planned to commit suicide. Instead of ending in tragedy, his low point turned out to be a wake-up call. Smith subsequently managed to overcome alcoholism, lost 118 pounds, got fit, and has created eight companies in the tens of millions of dollars. He is married to his high school sweetheart, has three children, and was making over $1 million dollars a year in business by the age of twenty-five. At age twenty-eight, he was voted by The Wall Street Journal to be among the top thirty realtors in the country.

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This podcast is brought to you by: The Entrepreneur Elders Group

THE WORLD’S MOST CONTROVERSIAL INFLUENCERS, IN AN UNEARTHING BUSINESS MASTERMIND EXPERIENCE..

An experiential mastermind to find your entrepreneurial edge, through adventure challenges with peers that will take you through the layers of reality as you know them.

Find out more here: http://thejeffreyslaytershow.com/apply-to-eeg

DISCOVERY OF THE DAY: What was your favorite quote or lesson from this episode? Please let me know in the comments!

Time-Stamped Show Notes

[00:00] Joshua Smith went from contemplating suicide to running eight successful companies in a span of about ten years. He went from making $10 an hour to making in excess of $10 million annually.

[02:26] The average millionaire has seven streams of income. Smith’s include real estate, health and fitness clubs, speaking and coaching engagements, group training and a software company.

[09:30] Smith’s software required no promotion or advertising, as 42% of his consulting clients purchase it automatically.

[11:23] Smith recounts gaining perspective from working with hospice patients in end-of-life care. He explains his ultimate scoreboard.

[17:55] Using a daily planner and reflection guide to live intentionally.

[20:29] The importance of implementing systems in business versus trying to out-work the competition.

[26:40] Corporate culture and employee retention through daycares, virtual working, and accomplishment-based work environments.

[30:50] Humble beginnings, growing up on food stamps, and what a millionaire would do if he lost everything.

[36:30] Smith advocates saying yes to daily quiet time, and saying no to anything that does not align with your intentions.

EPISODE 2: Psychedelics Revisited

James Fadiman, Ph.D. has some pretty impressive credentials. He earned his BA at Harvard and completed his graduate studies at Stanford. He’s written ten books including The Psychedelic Explorer’s Guide for those who seek the divine through sacred plants and psychedelic substances. He taught at San Francisco University, Brandeis, and Stanford. He is a business consultant, novelist, and studies microdosing on psychedelics for treating illnesses and enhanced health. He has been studying psychedelics since the sixties, not just directly, but through clinical experience as well. Today we’re exploring how this relates to high performing entrepreneurs.

Listen to this episode on iTunes:

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Download the audio file:

This podcast is brought to you by: The Entrepreneur Elders Group

THE WORLD’S MOST CONTROVERSIAL INFLUENCERS, IN AN UNEARTHING BUSINESS MASTERMIND EXPERIENCE..

An experiential mastermind to find your entrepreneurial edge, through adventure challenges with peers that will take you through the layers of reality as you know them.

Find out more here: http://thejeffreyslaytershow.com/apply-to-eeg

DISCOVERY OF THE DAY: What was your favorite quote or lesson from this episode? Please let me know in the comments!

Time-Stamped Show Notes

[00:00] Introduction of Jim Fadiman, his background and major accomplishments.

[01:35] A professor introduced Fadiman to the world of psychedelics, which he now studies in relation to microdosing and its uses for enhanced health and wellness.

[04:27] Fadiman explains microdosing with regard to LSD, mushrooms, and other substances.

[07:20] In talking with entrepreneurs who have used psychedelics, most claim it gives them the ability to better use the knowledge they already have, and the ability to function more effectively.

[14:01] The trend towards microdosing in high functioning professionals is not just growing in the U.S., but in countries around the world.

[20:22] As a professor at Stanford, Fadiman asks students not if they are going to be successful, but what they will do with their lives while being successful.

[21:02] Microdosing as a possible treatment for severe depression.

[22:39] The spiritual factor of plant-based psychedelics versus synthetics, and our deep connection with nature.

[27:04] Fadiman advises international researchers on pursuing psychedelic studies.

[31:05] Organizations like MAPS (Multidisciplinary Association for Psychedelic Studies) and Hefner Foundation research marijuana and potential uses for individuals, psychiatric hospitals, and universities.

[37:12] Fadiman’s website and microdosing information site include articles, talks, and information.

EPISODE 1: The CEO’s Guide to Fear and Self-defense

Tony Blauer, CEO and Founder of Blauer Tactical Systems, has developed the world’s first behavioral-based self-defense program, a system built entirely around psychology, physics, and physiology. By redefining self-defense and utilizing a worldwide network of thousands of trainers…