5 episodes

The Owner’s Corner Podcast is a show for business owners at all stages in their journey. Join us as host and financial planner Seth Whicker connects with business owners and experts to talk about what it takes to build a successful business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. From succession to retirement preparation, from buy-sell agreements to strategies for growth, our show is your inspiration to dream about what’s possible — for yourself, for your people, and for your family.

Seth Whicker works for SYM Financial Advisors. All opinions expressed by Seth or any podcast guests are solely their own opinions and do not reflect the opinions of SYM Financial Advisors. This podcast is for general informational purposes only and should not be relied upon for financial advice.

Owner's Corner by SYM Financial Seth Whicker

    • Business
    • 5.0 • 1 Rating

The Owner’s Corner Podcast is a show for business owners at all stages in their journey. Join us as host and financial planner Seth Whicker connects with business owners and experts to talk about what it takes to build a successful business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning. From succession to retirement preparation, from buy-sell agreements to strategies for growth, our show is your inspiration to dream about what’s possible — for yourself, for your people, and for your family.

Seth Whicker works for SYM Financial Advisors. All opinions expressed by Seth or any podcast guests are solely their own opinions and do not reflect the opinions of SYM Financial Advisors. This podcast is for general informational purposes only and should not be relied upon for financial advice.

    The Foundations of an Enduring Construction Company with Randy Strebig

    The Foundations of an Enduring Construction Company with Randy Strebig

    Randy Strebig is the Founder and Owner of Strebig Construction, a construction firm in Fort Wayne, Indiana. When Randy founded the company in 1980, he focused the firm’s efforts on residential modeling, roofing, and concrete flatwork. Over the last 40 years, Strebig Construction has been expanding and evolving into a dominant force in commercial, industrial, and design/build projects. Randy and the Strebig Construction team are dedicated to taking a customer’s idea from inception to reality using creative imagination and value-based packages that deliver results. 
    Randy joins us today to discuss the foundations that make a successful construction company. He shares how his childhood shaped his work ethic and creativity and discusses the importance of trade schools. He explains how Covid-19 impacted Strebig Construction and outlines how he avoided laying off his team amid the pandemic. He also highlights the value of employing business advisors and consultants and underscores why business owners need to keep an eye on market trends.
     
    “Serve with your heart and exceed peoples’ expectations.” - Randy Strebig
     
    This week on The Owner’s Corner:
    Randy’s background and how he gravitated to the construction industry How his family life as a child inspired his creativity and work ethic Learning the construction trade from vocational school and the first jobs Randy got The importance of vetting clients and ensuring they fit your business model The biggest challenges Randy has faced as a business owner The value of watching market trends and how Randy overcame his first economic downturn How the Covid-19 pandemic impacted Strebig Construction Randy’s advice on succession planning and exit strategies The importance of having advisors and consultants for your business The value of technical education and programs Why traditional college education and trade education can go hand-in-hand  
    Our Favorite Quotes:
    “Many get into business because they had a passion that led them to that business. They weren’t doing it to taste money, but because they loved it.” - Seth Whicker “Business owners’ time and energy get so wrapped around in their business that their personal lives get neglected, but business and personal life are not independent of each other.” - Seth Whicker “In the face of adversity, keep making decisions. Don’t wait and stall for something to take effect—you need to be the effector every day.” - Randy Strebig  
    Connect with Randy Strebig:
    Strebig Construction Strebig Construction on Facebook Email: info@strebigconstruction.com  
    About SYM Financial and The Owner’s Corner Podcast
    The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning.
     
    Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. 
     
    Follow Seth on LinkedIn
    Follow SYM Financial on Facebook
     
    Subscribe here:
    Apple Podcasts 
    Spotify
    Google Podcasts
    TuneIn 
    Amazon Music / Audible 
     
    And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast.
    Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or

    • 42 min
    Maximizing Value and Optimizing Outcomes When Selling Your Company with Doug Conner and Alex Shortle

    Maximizing Value and Optimizing Outcomes When Selling Your Company with Doug Conner and Alex Shortle

    Over the last 30 years, Doug Conner has been buying and selling lower-to-middle-market businesses in the Midwest. During this time, he has also worked as the Managing Director at Periculum Capital Company and the Principal at BrightPath Capital and Cardinal Ventures. Doug holds a Bachelor’s degree in Economics and Mathematics from DePauw University and received his Master of Business Administration degree from Harvard Business School.
    Alex Shortle has spent the bulk of his career supporting growth stage and lower-to-middle-market companies through the various inflection points of the corporate cycle. He has executed merger and acquisition advisory, private placement, and turnaround engagements, and helped launch the venture capital firm, Meridian Capital, where he also served as the Principal. In 2019, Alex served as the Vice President of Periculum Capital Company before co-founding EO Advisors.
    Doug and Alex join me today to discuss what business owners should consider when selling their businesses. They outline the process of searching for an ideal business buyer and describe the perfect time for an owner to sell their company. They describe the current changes and trends in the mergers and acquisitions market. They also highlight the role of patience in selling a business amid uncertain times and underscore the value of hiring advisors and consultants when selling a company.
     
    “Maximize your value, but that shouldn’t be the only consideration. You also want to optimize outcomes: find the ideal partner who will take care of your stakeholders and employees.” - Alex Shortle
     
    “Put your foot on the accelerator and figure out how you can sell your business with momentum.” - Doug Connor
     
    This week on The Owner’s Corner:
    Doug’s background and what led him to investment banking and private equity Alex’s background and his journey to entrepreneurship and the tech industry The difference between investment banking and private equity The advisory and consultant functions of an investment banker The process of looking for a business buyer Weighing business risk, thinking like a private equity owner, and the value of diversification The perfect time to initiate the process of selling a business The meaning of EBITDA The types of businesses EO Advisors work with What it means to be a platform or add-on business How a private equity firm’s specialization can make a difference in acquiring a business Utilizing investment bankers to find the right buyers Changes and trends in the M&A and private equity market Consolidation strategies and being comfortable with partnership The Russian-Ukraine conflict, COVID-19 pandemic, and their impact on the M&A industry The number one issue Doug and Alex see when business owners sell their companies The value of independent advisors and consultants and why many business owners don’t know how to assess talent gaps  
    Our Favorite Quotes:
    “Private equity opportunities are being presented to dentists, orthodontics, and oral surgeons, for whom the financing side can be overwhelming if they’ve not been through it.” - Seth Whicker “Investment bankers help someone sell or buy businesses; private equity firms buy companies, hold on to them, then flip them over for profit.” - Seth Whicker “Every company is different; every deal is different. Seeing the ups and downs of the market is an invaluable experience, and it’s important to have an advisor who can help you deal with those nuances.” - Alex Shortle  
    Connect with EO Advisors:
    EO Advisors EO Advisors on LinkedIn Email: partners@eoadv.com  
    Connect with Doug Conner:
    Doug Conner on LinkedIn Email: doug@eoadv.com  
    Connect with Alex Shortle:
    Alex Shortle on LinkedIn Email: alex@eoadv.com  
    About SYM Financial and The Owner’s Corner Podcast
    The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the

    • 52 min
    Business Growth in Complex Times with Al Grossnickle

    Business Growth in Complex Times with Al Grossnickle

    Dr. Al Grossnickle is the owner of Strategic Venture Partners LLC, a consulting company that helps entrepreneurs grow their businesses. For over a decade, Al worked as an Associate Professor of Business at Grace College, where he was also the Director of the William P. Gordon Institute. At the University of Saint Francis, Al served as the Assistant Professor of Entrepreneurship and Director of the Entrepreneurial Leadership Program. He had also served as the President, CEO, and Corporation Founder of Miller’s Health Systems for eight years before he embarked on his academic career in 2006. Al draws from his extensive experience in the academic and business worlds to guide his clients through today’s complex markets and the ever-changing world.
    Al joins me today to share his insights on weathering the complex business climate amidst the pandemic. He shares his career journey and explains how he uses his experiences to help other entrepreneurs grow their businesses. He shares his advice on mitigating turnover and attrition rates among Boomer employees and healthcare workers. He also highlights the importance of surrounding yourself with people smarter than you and underscores the power of keeping a sustainable competitive advantage.
     
    “The dynamics of business are rapidly changing today. Listening and humility have become more important for CEOs.” - Al Grossnickle
     
    This week on The Owner’s Corner:
    The challenges Al faced as a top executive of Miller’s Merry Manor How Al’s experience as CEO informs his current role as a business consultant Supply chain issues and other challenges business owners are facing due to the pandemic How a bonus structure may bridge the challenges that may come with raising employee wages Why business owners should consider outsourcing parts of their businesses Addressing labor turnovers in the healthcare industry The impact of vaccine mandates on labor, logistics, and supply chain How business owners are reacting to the rising cost of raw materials How to manage the attrition trend among Boomer employees The importance of creating a strong succession plan The value of surrounding yourself with the right professionals Setting up a family business for the next generation Avoiding complacency and how hiring a business consultant can help your company grow  
    Our Favorite Quotes:
    “Running a business is a labor of love, but outsourcing can help you spend more time on parts of the business that are most productive.” - Seth Whicker “There is an economic incentive to getting the balance back between supply and demand. The key is knowing how long it takes to get there.” - Seth Whicker “The definition of business and profit is to maximize shareholder wealth; otherwise, companies will stop reinvesting.” - Al Grossnickle  
    Connect with Al Grossnickle:
    Strategic Venture Partners Email: Al@StrategicVenturePartners.net Al Grossnickle on LinkedIn  
     
    About SYM Financial and The Owner’s Corner Podcast
    The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning.
     
    Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. 
     
    Follow Seth on LinkedIn
    Follow SYM Financial on Facebook
     
    Subscribe here:
    Apple Podcasts 
    Spotify
    Google Podcasts
    TuneIn 
    Amazon Music / Audible 
    Stitcher
     
    And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast.
     
    Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not t

    • 36 min
    Wisdom from the Dentist Downtown with Dr. Matt Eckert

    Wisdom from the Dentist Downtown with Dr. Matt Eckert

    Dr. Matt Eckert has been practicing dentistry for the past 28 years. Together with his business partner Ryan Hart, Matt operates Downtown Dental, a practice honored by his long-term patients. Matt completed his undergraduate degree from Ball State University and completed his Doctorate of Dental Surgery degree at the Indiana University School of Dentistry. He is a member of several professional organizations, including the American Dental Association, the Isaac Knapp District Dental Society, and Andrews Lions Club.
    Matt joins me today to share his insights on running a dental practice in Huntington, Indiana. He discusses why he pivoted from studying architecture to dentistry and explains why he decided to start his practice in his hometown. He shares his advice on getting a business partner, managing a dental practice’s finances, and prioritizing family over work. He also highlights the power of serving a community and underscores the importance of working with a financial advisor as soon as you can in your career.
     
    “Dentistry was easy; the business part was a lesson learned by trial and error.” - Dr. Matt Eckert
     
    This week on The Owner’s Corner:
    Matt’s background and why he decided to start his dental practice in his hometown How Matt knew that dentistry is something he wanted to pursue Going to dental school and how it prepared him for running a business How partnering with an experienced dentist helped Matt at the beginning of his career Why dentists need to learn how to manage their practice’s finances The challenges of bringing in a business partner to your dental practice The “hire-fire” part of running a business and why hiring compassionate staff is crucial in a dental practice The biggest risk Matt has taken and the fears he faced in his business The best decisions he made in running his dental practice How being dedicated to making the community a better place has benefitted Matt and his practice What Matt wishes he did sooner for his financial life and how he teaches his children about money His advice for young dentists who are about to start their career The power of continuing education and why everyone should prioritize their families first  
    Our Favorite Quotes:
    “You can have the best idea in the world, but if you can’t make your finances work, you’ll quickly run out of business.” - Seth Whicker “Dentistry is the easy part; running a business is the fun part.” - Dr. Matt Eckert “In your day to day grind, it’s easy to forget to let your staff know how much they’re appreciated.” - Seth Whicker  
    Connect with Dr. Matt Eckert:
    Downtown Dental Huntington Downtown Dental Huntington on Facebook  
     
    About SYM Financial and The Owner’s Corner Podcast
     
    The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning.
     
    Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. 
    Follow Seth on LinkedIn
    Follow SYM Financial on Facebook
     
    Subscribe here:
    Apple Podcast 
    Spotify
    Google Podcasts
    Stitcher
    Audible 
     
    And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast.
     
    Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution, or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the mate

    • 36 min
    Creating a Solid Succession Plan with John Barce

    Creating a Solid Succession Plan with John Barce

    John Barce is the Owner and Partner at Barrett McNagny LLP, one of the oldest law partnerships in Indiana. John is a premier business attorney who focuses his practice on business transactions, federal & state taxation, and estate & business planning. He completed his JD at the Indiana University School of Law, where he graduated with Latin honors. Since 2016, John has been recognized and listed in the Best Lawyers of America publication. He is also a member of the Indiana State Bar Association, as well as the Allen County Bar Association.
    John joins me today to discuss why business owners should have a solid succession plan as part of their business strategy. He shares the different legal entities a business can register as and explains what makes C-corporations different from S-corporations. He discusses what a “band-aid” approach to succession planning is and how it can lead to expensive business litigation. He also highlights why he approves of using valuation experts and shares his advice on making the succession, exit, and selling processes seamless.
     
    “Succession planning is a process you wouldn’t want to wait on.” - John Barce
     
    This week on The Owner’s Corner:
    John’s background and how his family inspired him to practice law His passion for business law and work in succession planning and corporate transactions Legal matters that entrepreneurs should address before starting a business The different legal entities a business can register as and the income tax structures they come with Why business partners should avoid the “band-aid” approach to business succession The number one driver of expensive business litigation Why business partners should create a succession or exit plan the moment they start their organization What buy/sell agreements are and how they help facilitate successions The value of having a “company value” conversation between business powers The difference between a C-corporation and an S-corporation How to make selling a business a seamless process  
    Our Favorite Quotes:
    “Business partners have got to plan from the beginning how they’ll separate if they have to.” - John Barce “While you’re in that honeymoon phase of being excited, that’s a great time to address how you’ll get issues settled down the road.” - Seth Whicker “Don’t necessarily expect that you want to go and sell your business today and you’re going to walk away. They may want you to stick around for 2-5 years.” - Seth Whicker  
    Connect with John Barce:
    Barrett McNagny Email: jcb@barrettlaw.com Barrett Law on LinkedIn John Barce on LinkedIn  
     
    About SYM Financial and The Owner’s Corner Podcast
    The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning.
    Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation. 
    Follow Seth on LinkedIn
    Follow SYM Financial on Facebook
     
    Subscribe here:
    Apple Podcast 
    Spotify
    Google Podcasts
    Stitcher
    Audible 
     
    And, if you enjoy the show, please leave a review on iTunes to help others discover the podcast.
     
    Disclosure: The information contained in this message (including any attachments) is confidential and may be privileged. It is intended only for the recipient(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify SYM Financial Advisors (“SYM”) immediately and destroy the material in its entirety. All communications requiring immediate attention or

    • 52 min

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