Oct 27, 2021
In this episode, I interview Bharat Kanodia, the Founder and Chief Appraiser at Veristrat based in San Francisco, USA, helping clients with raising capital, estate planning, and mergers & acquisitions. Bharat has been in valuation since 2000 and has valued assets in real estate, industrial, personal property, and financial assets.
With his extensive experience in valuation, he started his own valuation company in 2010. It was self-funded and was a tough start. He started with zero people and by 2013, he got 35 employees. Unfortunately, during the first six months of the pandemic, he had to let go of some of his employees and a few months later got some of them back to the company with a total of 25 FTEs now.
Bharat says that two things make the business very sellable: “One, you need a consistent cash flow, you set up a business model, which makes your customers or your clients pay you on a monthly or a quarterly basis. And two, you need to set up systems and processes so that you can service those clients and customers on autopilot.”
This Cast Covers:
Additional Resources:
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Quotes:
“Success is basically when my business comes to a point where I don't have to worry about the business running itself.” —Bharat Kanodia
“Marketing is just figuring out a way to stay on top of people's minds who are important to your business.” —Bharat Kanodia
“If you don't toot your own horn, nobody else will.” —Bharat Kanodia
“People with bad habits in your team are going to corrupt the entire system.” —Bharat Kanodia
“You need to have consistent cash flow and you need to set up systems and processes so that you can service those clients on autopilot.” —Bharat Kanodia
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Music from https://filmmusic.io “Cold Funk” by Kevin MacLeod https://incompetech.com. License: CC by http://creativecommons.org/licenses/by/4.0