business turnaround

As a leader, it's on you to bring positivity to your business. 

Employees that think positive and focus on positivity are empowered, creative and effective.

Employees taught to focus on negatives are insecure and fearful - they avoid accountability and blame others.

What does your organization need to change momentum?

- a clear direction
- hard work
- creativity

Negative thinking kills all three of those.

Learn more at https://www.sinclairrange.com

Follow on Twitter @MartinisWScott

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An expertise in Business Valuation requires years of study and experience. However, every business owner / manager should understand the basic concepts of value and how to determine it. After all, you run a business to create value, right?


In this Quickshot we cover the basic math of valuing a business using an EBITDA methodology.


Key factors are:
- determining maintainable EBITDA
- determining the multiple
- deducting all interest bearing debt

Learn more at https://www.sinclairrange.com

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Happy Thanksgiving!

What does it take to successfully navigate a difficult, complex problem?
- a clear direction
- hard work
- creativity

If your mind is consumed by negative thoughts, you can do none of those things. You'll be unclear, paralyzed and uncertain.

Negativity guarantees failure. 

Be positive so you aren't negative.

Learn more at https://www.sinclairrange.com

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A Quickshot on EBITDA: Earnings before interest, taxes, depreciation and amortization.

This video is a quick primer on EBITDA:

- how to calculate it
- why it's important
- the importance and concept of normalizing

Learn more at https://www.sinclairrange.com

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Do you need to understand the cause of the problem to fix it?

There's the root cause of problem.
There's the solution to the problem.
There's the roadblocks to implementing the solution.

If you want to stress yourself out, focus on the first one. 

If you want to make positive change, focus on the third one.

Learn more at https://www.sinclairrange.com

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A show for Laura. Thanks for listening.

1. You only fail when you quit
2. If you are not failing, you're not trying. Embrace failure
3. Failing is the only path to success
4. Success may be viewed by others as failure. Make your own definitions

Learn more at https://www.sinclairrange.com

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Another plant tour!

Want to know how CBD oil is made?

It's a rough, phone shot video but you can see a lot of the Globex Extraction hemp processing facility in Colorado.

Learn more at https://www.sinclairrange.com

Follow on Twitter @MartinisWScott

Follow on LinkedIn 
https://www.linkedin.com/in/scott-sinclair-7b09681b/

Listen on iTunes 
https://podcasts.apple.com/ca/podcast/martinis-with-scott/id1458646358

Listen on Spotify https://open.spotify.com/show/28Ynal2p80yY8r1n1WLpqn

Listen on Amazon
https://music.amazon.com/podcasts/2e65e920-5273-49ef-b1bf-94bc5ca73bbd/Martinis-with-Scott

I’ve been interviewing and hiring this week. 

How do you hire?
o Should you use a recruitment agency?
o Should you put an ad in the paper or online?
o How many candidates should you interview?
o What questions should you ask?
o How much time should you invest?
o Who should conduct the interview?

I provide my thoughts on how and when to hire.

Also, should leaders always tell the truth?

When should leaders put a negative spin on things?

And a nice cold martini 

Learn more at https://www.sinclairrange.com

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Help us say bye to Olga!

Olga is leaving Sinclair Range after 7 years. 

Olga shares her insight on turnarounds and high growth entrepreneurs.

Valuation

Investment banking

Recording of the September 2020 address to employees of Novanni Stainless.

Learn more at https://www.sinclairrange.com

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Episode 79 is a fun and interesting conversation with Rob Fraser of endūr apparel on entrepreneurship


- starting a business
- partnerships
- capitalization
- boot strapping

- brand building
- passion
- work / life balance
- similarities between athletics and business


Check out Rob here: https://www.linkedin.com/in/rob-fraser-473b25114/


Check out endūr here: https://www.endurapparel.com


Go buy some socks!

Learn more at https://www.sinclairrange.com

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Episode 78!

Your most powerful tool to create change in an organization is to ask the workers what is going on, listen and empower. The answer is never a mystery; to you need trust and respect.

Also, an update on the Novanni Stainless turnaround.

https://www.novanni.ca

Learn more at https://www.sinclairrange.com

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Small and medium size business owner? Why are you spending money on an audit? Why aren't you getting Reviewed statements?


What's the difference?


The trick is to consider your users.

Learn more at https://www.sinclairrange.com

Follow on Twitter @MartinisWScott

Follow on LinkedIn 
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Listen on iTunes 
https://podcasts.apple.com/ca/podcast/martinis-with-scott/id1458646358

Listen on Spotify https://open.spotify.com/show/28Ynal2p80yY8r1n1WLpqn

We continue the Novanni Stainless Turnaround Journey with some actual accounting finally.

To make more money in your business, focus first on contribution margin. We explore Novanni's contribution margin, how to calculate it, why it's important.

Should we start considering small raises? Listen to the thinking.

Also, following up on the #bangoodyear story and my own encounter with cancel culture. How would you handle it?

https://www.novanni.ca

Learn more at https://www.sinclairrange.com

Follow on Twitter @MartinisWScott

Follow on LinkedIn 
https://www.linkedin.com/in/scott-sinclair-7b09681b/

Listen on iTunes 
https://podcasts.apple.com/ca/podcast/martinis-with-scott/id1458646358

Listen on Spotify https://open.spotify.com/show/28Ynal2p80yY8r1n1WLpqn

In Episode 75, we discuss the art of Persuasion. An absolutely necessary skill to effect change in life and business.

- Scott Adams daily podcast: Coffee with Scott Adams
- Trey Gowdy's new book: Doesn't Hurt to Ask

Also, using persuasion, we conclude on a deal for "Mary", an entrepreneur that partnered in a failed business.

Learn more at https://www.sinclairrange.com

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In Episode 74:
- what will you do when an employee wants to wear a MAGA hat? or BLM tee?
- Learn about the Fake Because in negotiation

Learn more at https://www.sinclairrange.com

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This Episode is a deep dive into the issues we're facing in the turnaround of Novanni Stainless, with great lessons and thoughts applicable to all businesses and life.

- take pride in your environment
- take a step back and dominate something smaller; start winning
- listen to your employees and the people around you
- understand causes and symptoms
- understand systems vs. goals
and much more...

https://www.novanni.ca

Learn more at https://www.sinclairrange.com

Follow on Twitter @MartinisWScott

Follow on LinkedIn 
https://www.linkedin.com/in/scott-sinclair-7b09681b/

My address to employees of Novanni Stainless

https://www.novanni.ca

Learn more at https://www.sinclairrange.com

Follow on Twitter @MartinisWScott

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https://www.linkedin.com/in/scott-sinclair-7b09681b/

Episode 71

Novanni Stainless turnaround update. Was a big week!
- restructuring
- negotiation
- listening
- production planning
- contribution margin
- environmental clean up
- environmental litigation
- and more...

Critical thinking

Larry O'Brien - Ethical Entrepreneur

https://www.novanni.ca

Learn more at https://www.sinclairrange.com

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A brief update on the Novanni Stainless turnaround journey.

Critical thinking vs. confirmation bias in business


 Being an entrepreneur is about failing and adapting over and over.  Embrace it

and.... some deal stories.

https://www.novanni.ca

Learn more at https://www.sinclairrange.com

Follow on Twitter @MartinisWScott

Follow on LinkedIn 
https://www.linkedin.com/in/scott-sinclair-7b09681b/