15 episodes

Welcome to The Mad Profit Podcast where we interview active investors, entrepreneurs, and experts who left corporate jobs to buy or start successful ventures and live life on their own terms.

Listen to their stories, learn from their experiences and heed their advice so you too can create Mad Profits and the life you’ve always wanted.

We launch a new episode each week and can be found at https://madxcapital.com/TheMadProfitPodcast

The Mad Profit Podcast Laurent Truc - MadX Capital - Online Business Buyer

    • Business
    • 5.0 • 1 Rating

Welcome to The Mad Profit Podcast where we interview active investors, entrepreneurs, and experts who left corporate jobs to buy or start successful ventures and live life on their own terms.

Listen to their stories, learn from their experiences and heed their advice so you too can create Mad Profits and the life you’ve always wanted.

We launch a new episode each week and can be found at https://madxcapital.com/TheMadProfitPodcast

    MPP014 – Understanding the Crypto Currency Market with Mike Grantis

    MPP014 – Understanding the Crypto Currency Market with Mike Grantis

    https://youtu.be/cz9fNfls4tw









    Interview with Mike Grantis of Satstreet







    In episode 14, we cover what Crypto Currency is and what is happening to the market in the early parts of 2021.







    Our guest, Mike Grantis, from Satstreet and Cryptoweekly walks us through the current environment and formulated a few predictions. Here are some of the highlights:







    * 00:24: Introduction * 03:10: What is Crypto * 07:40: Direction of the blockchain technology * 14:35: Future companies dominating the technology * 20:45: What causes movement in Bitcoin value * 31:23: Long terms risks of investing in bitcoin * 37:08: Recommended resources and contact information















    Transcript







    Intro: Welcome to the Mad Profit Podcast where we interview active investors entrepreneurs and experts who left corporate jobs to buy or start successful ventures and live life on their own terms.Listen to their stories, learn from their experiences and heed their advice so you too can create Mad Profits and the life you've always wanted and now here's your host Laurent Truc. Laurent:  All right welcome back everybody. This is Laurent Truc and we're back on with Mike Grantis who we had as a guest before on the Mad Profit Podcast. Mike at the time was telling us about bartering as an old/new way of doing business but Mike, I invited you back on because you've had a lot of transition within your life but you are also a huge passionate person when it comes to crypto. I've not seen the crypto space on fire as it is right now for years so I thought it'd be a great opportunity to bring you on and have you talk a little bit about what you know, what you're doing, how this space is going and how we should be buckling or pulling the chute. Where do we stand so thanks for coming on I really appreciate it? Mike: hey man I appreciate you having me thank you so much. It’s always a pleasure chatting with you and looking forward to a good conversation. Laurent: absolutely. So, can you remind us a little bit about your background and what brings you through this journey to us here today? Mike: Sure yeah. Right now, I'm working with a company called Satstreet. We're an over-the-counter trading desk and we work specifically with high net-worth individuals ultra-high net worth and now starting to do quite a bit of work on the corporate side helping private corporations get access to bitcoin and other digital currencies within their treasury. So fairly new company, only seven months old but actually just yesterday cracked the 100-million-dollar mark in trading volumes so a big accomplishment for the team. Crazy as you said, right yeah, it's pretty nuts and you know as you said the space is on fire. I think just judging from my lens I think there's still a lot of upside potential and even though we've seen the price grow quite substantially over the past few months I still think there's quite a bit of upside and not just in the short term but also if we talk broadly five to ten years down the road. Cryptocurrency is here to stay. Bitcoin is here to stay and the genie's out of the bottle. Now it's just about maximizing that opportunity that we have in front of us and really taking the bull by the horns. Laurent:  Very cool can you give us a one-minute overview? I mean I think most people know what crypto is theoretically but it just had such a roller coaster ride from inception to its peak to its drop to a new peak.  Can you give us a little bit of a history lesson of why now is such an interesting time?Mike: yeah, sure and what I would say is a lot of people conflate cryptocurrency with bitcoin. Bitcoin  is the first ever cryptocurrency and it's really the majority of the cryptocurrency market right now.

    • 40 min
    MPP013 – Why Internet Businesses Should Consider Barter Networks to Sell Their Products & Services with Mike Grantis

    MPP013 – Why Internet Businesses Should Consider Barter Networks to Sell Their Products & Services with Mike Grantis

    https://youtu.be/s_LgERBKTUg









    Interview with Mike Grantis, Sr. Director Business Development at Barterpay.ca







    In Episode 13 of the Mad Profit Podcast, we interview Mike Grantis who is the Senior Director of Business Development at Barterpay.ca. He explains the opportunity of leveraging the oldest form of trade to help businesses improve profitability in today's marketplace.







    Mike provides some great examples of businesses that have succeeded in offloading their stock or using excess capacity. Businesses of all sizes can leverage this community to help improve their bottom line















    Transcript







    Laurent : Hey everybody Laurent Truc here from the mad profit podcast welcome back  today we have a special guest Mike Grantis from barterpay.ca  this is a bit of a different interview than what I've done in the past  barter payday ca is a very interesting new community that's being  created and it's been around now for a couple of years that allows  members to barter with other members and I see a very unique opportunity for even  internet businesses to be able to put excess product or even use up excess  capacity if they have a service business and I think it's a really  interesting way to continue to sell and even diversify  your sales. Mike is a terrific guy and it was a great interview so dive in and hopefully you'll find value in it thank you. Intro : welcome to the mad profit podcast where  we interview active investors entrepreneurs and experts who left  corporate jobs to buy or start successful ventures  and live life on their own terms listen to their stories  learn from their experiences and heed their advice so you too can create  mad profits and the life you've always wanted and now here's your host  Laurent Truc.Laurent: welcome back everyone today we got a special guest with us his name is Mike Grantis from barterpay.ca mike welcome to the show how are you.Mike: thanks so much appreciate you having me yeah, I'm greatLaurent:  I'm glad you're on you're a bit of a different  guest than I've had in the past focused on  more of the online  business type entrepreneurs and  you're obviously your business is that  but I think you provide services for many types of business so it'll be  really interesting to kind of dive in and  get the lowdown of how you help everybody so of course can you give a little bit of  background about yourself.Mike : sure so  my name is Mike Grantis  I’m the senior director for business development with  Barterpay Toronto community  and essentially what barter pay is we're Canada’s largest and fastest growing  organized barter exchange so what that means is we help business owners  to pay for things that they need or accumulate the things that they need  using their own idle time capacity and services  as payment instead of cash right so it's a way for  business owners to conserve some of their cash get the things that they need  increase their profit margins and grow their business. And the reason I say organized barter is because it's very different than  traditional barter right traditional barter is  the oldest form of commerce and it's how business was invented but it's got some  big flaws and one of those is what we call the  coincidence of wants and so what that is when you need to find  somebody that has what you need needs what you have at the same time and  at the same value and you know that doesn't happen very  often in business especially with the complexities of  kind of modern markets and so what we did with Barterpay is we created this  ecosystem where you ...

    • 27 min
    MPP012 – How Businesses Should Assess Their Current and Future Technology Needs with Ashu Avasthi

    MPP012 – How Businesses Should Assess Their Current and Future Technology Needs with Ashu Avasthi

    https://youtu.be/4ySQ2MPgvLM









    Interview with Ashu Avasthi, Leader of Digital Transformation at Grant Thorton LLP







    In Episode 12 of the Mad Profit Podcast, we interview Ashu Avasthi who leads Grant Thorton's Digital Transformation practice. He walks us through what small and medium size businesses should consider when reviewing their current and future technology needs.







    Ashu has decades of experience helping businesses drive significant growth through sales and technology and his core message is "do research and have a plan" when it comes to developing a technology path for your company.















    Transcript







    INTRO: Welcome to the Mad Profit Podcast, where we interview active investors, entrepreneurs and experts, who left corporate jobs to buy or start successful ventures and live life on their own terms. Listen to their stories learn from their experiences and heed their advice so you too can create mad profits and the life you've always wanted and now here's your host Laurent Truc. LAURENT TRUC: Hello everybody and welcome back to the mad profit podcast my name is Laurent Truc and today I've got a special guest that I've known for a very long time. I've actually been hounding him to get on my podcast because he spent a lot of time with a lot of technology companies out there and today we want to talk about technology and kind of Pickers brain, so please help me welcome Ashu Avasti, the head of digital transformation at Grant Thornton.Ashu welcome on board, how are you? ASHU AVASTHI: Thankful that it's great to be here looking forward to the conversation. LAURENT TRUC: Appreciate you making the time and yeah sorry I handed you, but am glad you are here anyhow. So, Ashu I wanted you here, because you've had a pretty long career in technology and in sales you've helped a lot of businesses grow, some were very small businesses in their very early years, to large corporation. LAURENT TRUC: So, you've seen kind of that growth that a company goes through from a technology perspective and obviously in your role today, you're seeing more of that and I think you can provide a lot of advice to our listenership. So, I'm glad to have you here I think it'll be great. ASHU AVASTHI: Now looking forward to it for sure. LAURENT TRUC: So why don't we get started can you tell us a little bit about your background and how you got to where you are today? ASHU AVASTHI: Sure I'll keep it brief, but you know my background has always been in technology by you know kind of by training by schooling computer science and engineering background, although I never really wanted to be a hard core engineer, but I certainly loved the puzzle pieces of Technology and as a result throughout my career I've held various types of roles, whether it's been product development, whether it's been in sales leadership, whether it's been in operations, they've always been either in technology companies or in and around technology. And when I say technology, it's everything from networks to software as a service to delivering on ecom platforms, building out ecommerce companies. I've got a couple of stints doing that, consulting, helping grow sales teams, grow markets, all those types of things, you know in there some of them would I say probably, big stints were at you know Bell Canada Donna Bradstreet at LinkedIn, now here at Grant Thornton as part of our digital practice where we have a lot of fun and spend a lot of our days is working with small, to medium, to growing sized businesses, helping them figure out how to leverage technology to grow their business and that can be across any kind of segments, whether that's manufacturing, whether that is ecommerce, whether that is retail, we really learn, know, have the team and experience to help clients with that. So,

    • 35 min
    MPP011 – Investing in Content Sites with Dom Wells

    MPP011 – Investing in Content Sites with Dom Wells

    https://youtu.be/ZMPJVhGybPI









    Interview with Dom Wells, founder of Onfolio







    In this episode of the Mad Profit Podcast, we speak to Dom Wells, founder of Onfolio.







    Dom became a self-taught expert at SEO and content site management over years of trial and error and then started (and sold) Human Proof Design, a company that builds profitable content sites. His latest venture, Onfolio, manages content sites for investors around the world.







    In episode 11, we speak to Dom about his journey and he helps us understand what to look for when buying a content site, some industry trends and how to be successful in the space.















    Transcript







    INTRO: Welcome to the Mad Profit Podcast, where we interview active investors, entrepreneurs and experts, who left corporate jobs to buy or start successful ventures and live life on their own terms.   Listen to their stories learn from their experiences and heed their advice, so you too can create mad profits and the life you've always wanted. And now here's your host Laurent Truc.   LAURENT TRUC: Welcome to the mad profit podcast. This is Laurent truc your host and today I have a very special guest with me Dom wells from Onfolio. Dom how are you today?   DOM WELLS: Yeah, I'm good thanks.   LAURENT TRUC: Excellent! I've been very much looking forward to having this session. You and I are on a deal together, you've been in the internet space for a very long time. A lot of our listeners are either corporate people or people that are getting into the internet space, so really interested in your knowledge and some of the experiences that you've had. So very much looking forward to having this conversation, maybe you can start with a liberty background, love to hear where you started from and kind of how you got to where you are today. If you don't mind giving us some background.   DOM WELLS: Yeah sure it's a seven-year story. so you know I just do the abridged version but, I first got into the space in 2012. I wanted to make some more money and I was living in Taiwan. So my options in Taiwan were basically teach English, which was a decent job, I had been doing that for four years already, but it has a load ceiling like you know you can make a comfortable salary but, there's no real way to go higher and without being fluent in Mandarin or having very specific qualifications there are many other options for you. So online was kind of the only option for me and so I found affiliate marketing, just through various just trial and error and lots of research.   So, I just started building sites, learning what I could and just learning how to rank websites in Google, how to get traffic to them, how to then monetize that traffic and yeah like it took me a while, I think after a year and a half, I was just about making a thousand dollars a month online. Yeah, I mean it's weird, because at the time obviously a year and a half I thought this is taking forever. I'm never actually gonna be able to do it but, when I look back I think a year and a half was quite short. So, I guess perspective is very important. Then I did start getting a bit of success and right around the end of my second year or maybe a little bit earlier I started a company called human proof designs, and the opportunity I had seen was that, I noticed people were buying websites off flipper, which I don't know if you've covered on the marketplace with flippers, sorry on the podcast, but flipped as a marketplace for buying and selling websites.   I guess it's a bit like eBay, but for websites. And I noticed that people were buying a lot of junk websites, like websites where they were basically these turnkey cookie cutter websites and the seller was just kind of saying; hey! you buy this website $500,

    • 35 min
    MPP010 – Business Acquisition Advice from a Corporate Commercial Lawyer

    MPP010 – Business Acquisition Advice from a Corporate Commercial Lawyer

    https://youtu.be/ZL_9pIIYDw0









    Interview with Louie Sopov of Prouse, Dash & Crouch LLP







    Episode 10 of the Mad Profit Podcast we speak with Louie Sopov, a corporate commercial lawyer with over 15 years experience of M&A and commercial business helps explain to us what to expect when purchasing a business.







    His provides great insight on topics such as cross border jurisdiction, due diligence, contract structure and finding the right legal partner when buying or starting a business.















    Transcript







    INTRO: Welcome to the Mad Profit Podcast, where we interview active investors, entrepreneurs and experts, who left corporate jobs to buy or start successful ventures and live life on their own terms. Listen to their stories, learn from their experiences and heed their advice, so you too can create mad profits and the life you've always wanted and now here's your Host Laurent true.   LAURENT TRUC: Welcome back this is Laurent true from the mad profit podcast. Thank you for joining everybody today we have a very special guest with us. I've been getting a lot of questions lately from entrepreneurs about how do I start a company? What should the corporate structure look like? So today we're doing something a little bit different. Instead of having an entrepreneur, we decided to have a corporate commercial lawyer on with us. So, Louie thank you very much for joining, welcome to the mad profit podcast.   LOUIE SOPOV: Thank you so much Laurent, it's a real pleasure to be with you today.   LAURENT TRUC: Well, thanks for taking the time. So, Louie I don't want to put words in your mouth, so I think the easiest thing to do is to have you tell us a little bit about yourself and what you do. So, if you don't mind can you give us a bit of history.   LOUIE SOPOV: Absolutely! I've been practicing law for the last 20 years, the last 15 of those 20 have been exclusively in the corporate commercial area. I'm with a small to mid-size firm out here in Brampton and a lot of our business is small to mid-size, ranging in types of industry. We do a large gamut of things, everything from mergers acquisitions to corporate structuring, tax planning, commercial leasing. If you will sort of the jack-of-all-trades within a particular expertise, but that's the core of what I do and what I've been doing for the last 15 years. Excellence! This is gonna be good, then a lot of knowledge.   LAURENT TRUC: Perfect! So, a lot of what I've been doing is talking to people about acquiring businesses as much as starting businesses from scratch. You've done a lot of M&A and business acquisition. Just to kind of start us off, can you walk us through the general steps that somebody would take? So, if they find a business that they like and they want to go through an acquisition process, I assume it's different whether it's a small business versus a larger one, but are there kind of always the same general steps? Like what does that process look like?   LOUIE SOPOV: As a general rule the only difference between small, large transactions, the number of zeros attached to the price tag. Okay generally speaking what we're always worried about and everybody's heard this phrase before "Caveat Emptor" its "Buyer Beware". So effectively where you would normally go out and buy a vehicle and it comes with a warranty and guarantee package about a foot thick and if something goes boom someone magically fixes it.   What the average buyer is going to be concerned about is what they don't know. I think the biggest problem for most entrepreneurs when they're thinking about starting a new business is they have an idea of where their expertise area is, so they focus in on an industry and then they try to look at the surface issues which is part of it,

    • 43 min
    MPP009 – What To Look For When Buying a Business And How To Create Value

    MPP009 – What To Look For When Buying a Business And How To Create Value

    https://youtu.be/zQ1u4uGLMaA









    Interview with Sam Leslie of Dealmakers Institute







    In Episode 9 of the Mad Profit Podcast, Sam Leslie from Dealmakers Institute walks us through his journey of starting a couple of service businesses to then investing in online assets to now his new focus of brick and mortar.







    Sam explains what he looks for when acquiring a business and how he creates immediate value by putting assets together and gaining a larger multiple.















    Transcript







    Intro: Welcome to The Mad Profit Podcast, where we interview active investors, entrepreneurs and experts, who left corporate jobs to buy or start successful ventures and live life on their own terms. Listen to their stories, learn from their experiences and heed their advice, so you too can create mad profits and the life you've always wanted. And now here's your Host, Laurent Truc.   Laurent: Welcome back everybody, to the mad prophet podcast, I'm excited today we've got a guest, a special guest, His name is Sam, and he is a self-proclaimed business acquisition investor. I love that title resonates really well with me, So Sam welcome to the show.   Sam: Thanks, man really great to be here.   Laurent: Thanks for taking the time. I've been looking forward to this interview. Oh! you know that I've been hounding you all together, obviously we're in the same space and we just share a lot of common thoughts and views, on investing in business investing. So, looking forward to spending some time, understand you a little bit better and sharing some of your wisdom with the listeners today.   Sam: Great!   Laurent: okay so maybe we can start with you, can you tell us a little bit about yourself and how you got here?   Sam: So, let's go all the way back, twelve years old, running a landscaping lawn maintenance company, knew I always wanted to own businesses, just that, I don't know why I just knew I wanted to own multiple businesses, and of course wealth came along with that, but I knew I wanted to own multiple businesses. So, my dad liked to sit down and kind of help me plan that out, and I said well I want to sell my landscaping company for a million bucks. Well, about 15 years later, I was still running it, and didn't sell it for a million bucks, but did sell it; and bounced around for a little while just trying to find something else, and I ended up taking a job with a pest control company, and I got sick all the time, because of the pest control products. I would shake and I was nauseated, and it was... I started looking it up online and I was like I think this might be, I might be getting a little bit of the poison on me or in my system.   And so, I had three kids at that time and was coming home with that stuff on me and realized that there had to be a change. So, I took about two grand and started a company called organic pest solutions which still runs in Greenville South Carolina. It has been about nine years now and we used natural and naturally derived chemicals. So, this is in my blood man, it's in my blood. So, fast-forward to 2015 my dad runs organic pest solutions and then I invest in other businesses.   So 2015 I found a Chapman we're both friends with him, partners with him or have been partners with him and many deals and fantastic guy, and I found him in 2015 and joined his course and learned how to buy businesses, because I knew, I knew that I had to have somebody teach me. It was… there's just really not much out there on how do you buy online companies? How do you buy offline companies? I had sold my business and looking back on it now, like it was a very creative deal and I didn't really realize that and it worked out really well, but each kind of took me down the path and so within six months, six to eight months,

    • 41 min

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