Build Value by Choice

01/09/2023

Is your building value?

On episode #060 of the Build Value by Choice podcast with host Nana Bonsu we discuss building value with – specifically ones you don’t ask for, compensate for, manipulate for or waste a ton of time for.

Listen at: https://omny.fm/shows/build-value-by-choice/how-to-grow-your-business-through-referrals-withou

10/30/2022

Human resources is responsible for a lot of things in a business, from recruiting and hiring to managing benefits and payroll. Watch this short clip for some key insights from an HR pro.

10/15/2022

Are you self-employed and finding it hard to keep up with all the little things? Check out this short video interview about automating your service businesses to help you get organized and streamline your business.

10/14/2022

KEY TAKEAWAYS

Processes and optimizing processes is what helps businesses scale and when businesses scale they’re able to maximize value in their business. If you correctly implement processes then the outcome will always be the same regardless of who is running them.
Business infrastructure is a system for linking your people, your processes, and your tools and or technologies together. Once they are linked together you can build a foundation that will allow you to scale in a repeatable, sustainable, and profitable way.
Nothing in business infrastructure is done in isolation, when one element changes then you have to understand its impact on the other links in the chain. Everything within your business is interconnected and changes will have a knock on effect.
Similar tasks should be grouped together into different departments, and those departments should be filled with the right people to fulfill those tasks. Once we know the tasks, the department, and the people, then we know the process that needs to take place.
You get consistent customer experience, which makes the customer happy, which makes them more likely to buy from you again and again, it makes them more likely to recommend you to someone else, which increases profits and reduces your costs.

‎Show Build Value By Choice, Ep Scaling Your Business with the Right Businesses Infrastructure - Oct 11, 2022

10/06/2022

Ryan Margolin is the CEO of Professional Hair Labs. He set out on his journey to help create a world-leading cosmetic product when his mother was poisoned by harmful chemicals and adhesive products commonly used in industry. This week on Build Value By Choice, we talk about how Ryan was able to scale up his business tenfold and grow it into one of the 500 fastest growing companies in America over the last five years. The company started off supplying a solution for individuals who suffered from hair loss, but has since expanded its cosmetic offerings to include body care and skin care products. In order to scale up his business, Ryan relied on reinvesting profits back into the company as well as building an advisory team that could help navigate uncertain waters. Thanks to his dedication and hard work, Professional Hair Labs has become a major player in the healthcare industry.

Listen to my Podcast on Apple, Google, Spotify, Amazon Music and YouTube

‎Show Build Value By Choice, Ep Lessons from Scaling to a $20M Hair Care Products Business with Ryan Margolin - Oct 4, 2022

10/06/2022

Ryan Margolin is the CEO of Professional Hair Labs, he set out on his journey to help create a world leading cosmetic product when his mother was poisoned by the harmful chemicals and adhesive products commonly used in industry. Ryan was inspired to keep the same thing from happening to anybody else. This week on Build Value By Choice we talk about how the CEO of a major healthcare products company was able to scale up its business.

Ryan dove into the research and created the first care product free of harmful substances. Now, nearly 20 years later, Ryan is an international business leader and an entrepreneur who works in more than 15 different countries. There he helps create sustainable services and products and industries full of subpar and even harmful options. With his expertise, he's been able to form his strategies for success in multiple different industries.

As well as dedication to people first. He has expanded his business tenfold and grown to become one of the 500 fastest growing companies in the US over the last five years, and has sold more than 50 million in product globally.

The company started in the nonsurgical hair replacement niche supplying a solution to individuals who suffered from hair loss, whether it be through hereditary means or health issues, such as cancer and they were going through chemotherapy. Over the years they have developed not only their own product line further but have been able to expand their cosmetic offerings to a wider range of different categories such as body care and skin care.

There's always somebody that has learned from the growth pattern that you're on, and they have the information you need. Ryan has a board which is involved with multiple people as well as operational consultants, digital consultants and a good solid advisory team that are helping navigate the waters in times where there is uncertainty.

When it comes to scaling, every month Harry would look at their profitability and choose to just reinvest some of that back into what the company needed. Some months you're going to have a higher revenue than others, but in those months where you have the higher revenue, you just put a bit more away and then that starts to compound and that allows you to do the bigger things.

Listen to the Podcast on Apple, Google, Spotify, Amazon Music and YouTube

09/22/2022

Our BVBC podcast is relaunching today! This anniversary edition will be better than ever, with new content and exciting features. Keep an eye out for it – we promise you won't want to miss it! Subscribe today!

09/21/2022

Our BVBC podcast is relaunching in just one day! This anniversary edition will be better than ever, with new content and exciting features. Keep an eye out for it – we promise you won't want to miss it! Subscribe today!

09/20/2022

Our BVBC podcast is relaunching in just two days! This anniversary edition will be better than ever, with new content and exciting features. Keep an eye out for it – we promise you won't want to miss it! Subscribe today!

08/22/2022

Money cannot solve all of your company's problems!! It cannot be the panacea. Sometimes your company will face a problem or challenge that isn't directly related to money and thus can't be solved with money. Keep in mind that, while money isn't the most important factor in your business's success, it certainly helps.

If you are having difficulty running your business smoothly, please contact us right away.

08/17/2022

How will you know if your company is in trouble? This is because a distressed business can cause interminable cash flow issues. On the other hand, problems with your partner can arise from time to time, putting additional strain on your business. All of this will make a business owner unhappy, and they may eventually be reduced to the role of advisor in the company.

Leave your comments below!

08/16/2022

The best part about being a small investor is that you can work on each and every transaction!! However, as a business owner, you must decide which type of deal to pursue and which to avoid. This is due to the fact that you must first determine what your company's goals are. Any business advisor cannot tell you what you should do with your company.

In essence, you must decide what your next step will be and how it will relate to your next goal.