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12 results for “business fundamentals”
“In our business, you have to focus on the long term and the long term fundamentals. In the pensions business, the long term fundamentals are really about people needing and therefore saving money for retirement. Government policy doesn't change that.”
...business, the long term fundamentals are really about people needing and therefore saving money for retirement. And government policy doesn't change that because the dynamics,
21:51 / 22:13
Practical Framework21:51 – 22:13
...business, and we probably should have put this on our list of qualities, which is superb free cash flow characteristics. We are nudging them to business service companies where EBITDA almost exactly equals free cash flow. And so capital allocation de
55:29 / 56:35
from transcript55:29 – 56:35
...business. It doesn't matter if if it's an automotive company, a manufacturing services, distribution. There's a lot of the same revenue drivers, cost considerations, and growth opportunities to pursue if you use data, if you capture data and use it i
2:13 / 3:15
from transcript2:13 – 3:15
...buy a business that you can manage. I like to say if you're allergic to fur, don't buy a pet shop. And I mean that to be emblematic of a whole bunch of things. So many businesses
18:01 / 19:04
from transcript18:01 – 19:04
...for that business will be critically important. And then finally, all of that leading to what is my day one value creation plan. I put all of that diligence together. What are the three to five things we need to get right immediately
7:32 / 8:49
from transcript7:32 – 8:49
...Like a business is valued on money. More money that comes freely out of it is better. Doesn't matter under which ratio that money comes out there. And we've been looking at Excel files so much that we've seen very great companies with high EBITDA mar
56:14 / 57:42
from transcript56:14 – 57:42
...based business, for example, you have more density than a certain geography creates value. So I wanna have multiple ways to win. I think the last thing I'd say is, unlike larger organizations that buy bigger businesses and competitive auction process
13:27 / 14:45
from transcript13:27 – 14:45
...businesses, you're paying for just the software. You're not looking at all the sort of transactions that happen on the software.
31:20 / 32:30
from transcript31:20 – 32:30
and then what's the what's that EBITDA number look like? And what kind of runway does that provide you as an entrepreneur before you have to go raise more money? What's your burn rate? And you should know that. And so there's a there's a or a few key
56:58 / 58:02
from transcript56:58 – 58:02
...you the business. That was in the past. What we need to focus on is the next twelve months, the next three months, the next twelve months, next thirty six months. And so as we go into an investment, pretty early on, we wanna know what's the vision an
9:41 / 11:11
from transcript9:41 – 11:11
...best businesses, not all of them, but some of the best businesses have had horrific margins early. The hyperscalers.
33:00 / 34:06
from transcript33:00 – 34:06
...for which a terrible price can't ruin the investment. So how does and has price slotted up against the quality of the business? Many times I've seen an interesting business, maybe not perfect, but definitely good enough and would love to buy it, but
19:21 / 20:32
from transcript19:21 – 20:32
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