Shows
Tax Strategy DigestJonah Pollone - Ep. 24 - Tax Strategy DigestIn this week's episode I invited guest Jonah Pollone, a Certified Business Intermediary (CBI) and an M&A advisor at MidStreet Mergers & Acquisitions. He specializes in representing business owners throughout the Southeast in the sale of their companies and real estate ($2m-$50m in sales).On top of that, Jonah also runs a podcast about small business ownership.The podcast is aimed at helping investors think about diversification and explore new avenues for investment. The podcast features a wide range of guests who specialize in various niches of real estate, financial planning, exit planning, etc....
2023-09-1835 min
Owner Operated with Jonah PolloneLosing Everything in '08 to Excellence in Disaster Restoration, with Kevin Reinert, Professional Restoration ServicesWe're back! Things have heated up at MidStreet, so Owner Operated is on pause for the time being. I plan on launching something very special as a V2.0, so stay tuned...
Kevin Reinert is the owner of Professional Restoration Services, a property damage remediation company based in Raleigh, North Carolina. PRS covers fire damage, mold removal, smoke odor, and more. He is a licensed general contractor with previous experience in running Kevin Reinert Homes, a residential homebuilder he ran until work stopped coming in the housing market crash of 2008.
Know someone with a property damage issue in the Triangle area...
2022-07-1453 min
Soundtrack to a Financial Advisor's Life with Olde Raleigh FinancialAre you ready to sell your business? Ideas on how to prepare to sell your business.We bring Erik Sullivan and Jonah Pollone from MidStreet Mergers & Acquisitions in to talk about the process of selling a business. We cover several main points:
1. Who do you call when you’re ready to sell your business? Who is your who?
2. Exit strategy and Exit Plan.
3. What are the markets like?
4. Evaluations and Strategies.
5. Fee Structure.
6. Marketing and Listing your business.
2022-05-2040 min
Owner Operated with Jonah PolloneAcquiring an Advantaclean Franchise at 28 Years Old, with Artem LopatchenkoArtem Lopatchenko is a real estate investor and owner of the Cary-Apex Advantaclean franchise in North Carolina. He is also an Adjunct Professor in Accounting at Western Connecticut State University and is a licensed CPA. Along with his business partner Dan, he recently acquired the rights to an ACE Handyman Services business in the Greater Triangle and Johnson County area of North Carolina.
For a summary of the episode, visit https://jonahpollone.com/newsletter/
Email Artem to support his efforts to help the people of Ukraine: artem.lopatchenko@gmail.com
Visit Advantaclean here: https://www.advantaclean.com/cary-nc/
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Thank...
2022-03-091h 02
Owner Operated with Jonah PolloneWho's Your Who? with Alex Mihajlov and Trevor Chambers, Olde Raleigh Financial GroupAlex Mihajlov and Trevor Chambers are wealth advisors at Olde Raleigh Financial Group, an independent financial advisory firm in Raleigh, NC.For a summary of the episode, check out https://jonahpollone.com/newsletter/Schedule a wealth management consultation here: Olde Raleigh Financial Group.Thank you to our sponsors:MidStreet Mergers & AcquisitionsOn Tops Roofing
2022-02-1455 min
Owner Operated with Jonah PolloneBuying and Operating a Landscaping Company with Billy Van Eaton, Cumberland Landscape GroupFor a summary of the episode, check out https://jonahpollone.com/newsletter/Visit Cumberland Landscape Group here: https://cumberlandlandscapegroup.com/Visit Talents Equity here: https://www.talentsequity.com/
2022-01-281h 08
Owner Operated with Jonah PolloneA Journey Into Main Street with Jeff Johnson, Power Mulch Inc.For a summary of the episode, check out https://jonahpollone.com/newsletter/Support Power Mulch here: http://powermulchinc.com/
2022-01-1155 min
Owner Operated with Jonah PolloneAdvising Families with >$25 Million in Net Worth with Katherine Dunlevie, Managing Director of Synovus Family OfficeKatherine Dunlevie is the Executive Vice President and Managing Director of the Family Office at Synovus, a family office headquartered in Columbus, Georgia, focusing on families with wealth in excess of $25 million. We covered: - What is a family office?- When does it make sense for a family to hire a family office?- Starting in the business right before signing a 55-family member client with 17 family units.- Single vs. Multi-Family Office- Qualities of successful family businesses- Using trusts as planning...
2021-11-291h 13
Owner Operated with Jonah Pollone$56 Million in Real Estate Development with Nick Earls and Eric DiNicola, Winterspring Capital and PWN DevelopmentNick Earls and Eric DiNicola are co-founders and managing principals of Winterspring Capital and co-owners of PWN Development based in the Greater Boston area. Winterspring Capital is a real estate syndication firm with a portfolio of $56 million in multifamily assets under ownership throughout the Southeast and Boston. We covered:Getting started in real estate developmentBalancing development with long-term hold investment propertiesSelf-funding deals vs. raising capitalReal estate syndication: 506B vs. 506C rulesBuying real estate under LLCs vs. starting a real estate fundHiring and managing sub crews and employeesHandling partnership disagreements and best practicesDon’t blame people. Even if...
2021-10-211h 03
Owner Operated with Jonah PolloneFrom 6 to 70 Employees in Environmental Remediation with Mel Phillips, Product Recovery Management (PRM)Mel Phillips is the president and co-owner of Product Recovery Management, PRM Filtration, and Triangle Stainless, alongside his brother, Brian Phillips. Operating out of a 150,000 square-foot facility in Butner, North Carolina, PRM manufactures environmental treatment systems and offers field services for equipment, including installation, setup, and maintenance.We covered: Overcoming growth barriers in a small businessThe journey from electrical contracting to environmental remediationThe benefits of acquiring companies in related industriesGrowing up in the family businessKeeping work at workHow to learn and improve from mistakesWhy Mel recommended his daughters go to collegeA decade of financial hardships – what yo...
2021-09-2251 min
Owner Operated with Jonah PollonePractical tips for personal financial habits with John Rumsey of RHA WealthJohn Rumsey is a co-founder and managing partner of RHA Wealth in Raleigh. John started his practice in 2020 and worked as a wealth manager under Merrill Lynch since 2010 prior to starting his own company. John originally thought he’d pursue in a career in academia but transitioned to teaching people about how to better manage their money. We covered:Taking the leap into entrepreneurship from the corporate worldWho should you take financial advice from? Practical tips for personal financial habitsHow large should your emergency fund be?Dave Ramsey’s 7 Baby StepsShould you invest in a 401K?Why...
2021-09-011h 04
Owner Operated with Jonah PolloneFrom $1M to $6M in Sales in HVAC with Lane Riley, Previous Owner of Happy Home Heating and CoolingLane Riley is the previous owner of Happy Home Heating and Cooling, a residential HVAC and plumbing services company that has been in operation since 1955. Lane purchased the company in 2010 and grew it from $1 million to $6 million in sales. In 2021, he sold the business and is now enjoying being semi-retired while considering his next business endeavor. We covered: • Acquiring a business using seller financing• Going from 7 to 21 employees• How to grow sales and profitability in a home service business• Prioritizing family over work• A 3-criteria filter for making dec...
2021-07-161h 11
Owner Operated with Jonah PolloneThe Real Definition of Entrepreneurship with Scott Maitland, Top of the Hill Restaurant and BreweryScott Maitland is a business owner, military veteran and professor of the practice in entrepreneurship at UNC-Chapel Hill. A graduate of West Point, he is the proprietor of Top of the Hill Restaurant and Brewery, an iconic Chapel Hill restaurant which has won more than 40 best-of awards in the Triangle area. Scott has a passion for Chapel Hill and small business ownership and sits on the board of several North Carolina business and trade organizations. We covered: How Scott got started in business ownershipEntrepreneurship as a life philosophyHow to add partners to a business venturePrinciples he...
2021-06-291h 19
Owner Operated with Jonah Pollone6 Things I've Learned About Small BusinessIn this solo episode, I cover:1. Surrounding yourself with the right people and considering a partnership2. Understanding business and your role as an owner3. Why you need to be a "self-starter" in a small business4. Setting your life up well and finding the right path5. Successful owners work ON the business, not just IN the business6. The importance of learning and continuing to progress over time-Know a business owner nearing retirement? Visit https://www.midstreet.com/Scott Stone sold...
2021-06-1127 min
Owner Operated with Jonah PolloneSuccess in Homebuilding in Raleigh, North Carolina with Josh Swindell, Envision HomesJosh Swindell is a partner at Envision Homes, a Raleigh-based homebuilder. Erik was the listing broker under MidStreet Realty on The Park at Wimberly, a 130-residential lot development purchased by Envision with a mix of townhome and single-family construction. We talked about:- The process of home development- Erik's crazy offer on a single-family home in the Triangle area ($41,000 over asking and still not the winning bid)- Managing expectations as a commercial real estate listing broker- Managing a partnership of three people “three-legged stool”- The zoni...
2021-05-281h 14
Owner Operated with Jonah PolloneDemystifying small business lending with Tim Hunter, Fidelity BankTim Hunter is a Business Development Officer for Fidelity Bank, based in Raleigh, North Carolina. Tim and I bonded over our mutual appreciation for small and blue-collar businesses. We covered: Why would you use a bank as a small business owner?How to interview lenders as a business ownerBenefits of a community bank for a small businessDo you need to offer a personal guarantee?The importance of doing business in a niche you understandBank "quotas" on lending to specific types of industriesProcess and structure of a community bankFamily time as a way to decompressThe importance of...
2021-05-201h 04
Owner Operated with Jonah PolloneAfterhours: Why everyone should own a business once in their life with Erik Sullivan, COO of MidStreetIn this Owner Operated Afterhours episode, Erik Sullivan, my close friend & coworker, joins me to crack open a couple of beers and chat about his journey in small business, finding the right career path, and explain why everyone should own a business once in their life. We talk about: Erik’s journey from videographer (rapper) to dealmaker at MidStreetReflections on the Owner Operated PodcastErik’s role at MidStreetThe impact of personal development on Erik’s lifeFinding your “lane”“Regular reevaluation”Why everyone should own a business once in their lifeErik’s takeaways from successful business exitsHis craziest and best deal storie...
2021-05-131h 18
Owner Operated with Jonah PolloneBuilding trust with business owners with Melissa Herzog, FullCircle Private Wealth Management of Raymond JamesMelissa started Full Circle Private Wealth Management of Raymond James in 2019, after a career in investment banking and private equity. We talked about:The role of a wealth managerThe importance of building trust in small businessWhy wealth management goes far beyond investment managementWhen to hire a wealth managerThe team-based approach to providing advice to the business ownerWealth manager vs. a family officeFee-based vs. non-fee based wealth managementFactors to consider about selling a business to private equity---FullCircle Private Wealth of Raymond James: https://www.raymondjames.com/fullcircleprivatewealth/about-us---Subscribe...
2021-05-0746 min
Owner Operated with Jonah PolloneAvoiding burnout and choosing the right career path with Alex Brandwein, owner of Brandwein's BagelsToday, I sat down with Alex Brandwein to talk about his journey from being a successful investment banker in NYC to starting and growing Brandwein's Bagels in Chapel Hill, North Carolina.We covered:Avoiding burnout and keeping up with your mental health as a business ownerStarting out in the restaurant industryMaking the jump from a job in banking to owning a small businessTips on hiring the right employeesExample interview questions for prospective employees Backing out of the business to allow it to grow"Work life balance" isn't a real thing---Subscribe to...
2021-04-2851 min
Owner Operated with Jonah PolloneFinding your passion in life with Bill Edwards, owner of Triangle Shooting Academy (with Erik Sullivan)In this episode, we sat down with Bill Edwards and talked about his background and journey in the firearms business. Bill founded Triangle Shooting Academy with his business partner Jeff in 2010. They operate out of a 40,000+ square foot facility by RDU Airport in Raleigh, North Carolina. Their trainers perform firearm instruction to over 700 people every month, and their retail facility is one of the most trafficked firearms stores in the Southeast. This show features a special guest: my close friend, colleague at MidStreet, and UFC watch party companion Erik Sullivan.We covered:Bill's story...
2021-04-2247 min
Owner Operated with Jonah PolloneManaging a family business with Ed Nicholson, owner of Capitol City Lumber CompanyIn this episode, I spoke with Ed Nicholson about the story behind his family business. Ed and his sister Edith own and operate Capitol City Lumber, a Raleigh, North Carolina-based lumber provider servicing the Southeast. We covered:The dynamics involved with owning a 70-year old family businessThe importance of not being over-leveragedAdvantages of staying smallManaging isolation as a business ownerThe benefits of having a partner with a different skillsetWhy you should have your finger on the pulse of your company's booksLife outside the business matters---Subscribe to my newsletter to get updated...
2021-04-1448 min
Owner Operated with Jonah PolloneIntro & PurposeIn this episode, I explain the purpose of the podcast and give some context on my background. Small business is an awesome path.---Subscribe to my newsletter to get updated every week with a new episode: https://jonahpollone.com/LinkedIn: https://www.linkedin.com/in/jonahpolloneTwitter: https://twitter.com/jonahpollone
2021-04-1406 min