The Deep Wealth Podcast - Unlock Your Deep Wealth—In Business and Life Former Investment Banker Now Virtual CFO Daryl Ching On How To Maximize EBITDA For Your Liquidity Event (#45)
"You can be whatever you want to be." - Daryl Ching
Daryl Ching is the founder of Vistance Capital Advisory and an expert in structured finance. He has made numerous appearances on the Business News Network and has been quoted in major newspapers and magazines.
Daryl has over 10 years of experience in investment banking, primarily at RBC Capital Markets, and spent another 10 years working in an executive capacity, operating small businesses, raising over $50 million in equity and debt financing.
Daryl has worked in almost every facet of the financial world, gaining valuable knowledge and insights, which he now brings to the table to benefit his clients.
Daryl also served on the investment committee of Maple Leaf Angels for over a year.
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SHOW NOTES
- How Daryl's background as an investment background gives him an edge as a CFO
- Daryl discusses the areas that most business owners overlook on the financial side
- The downsides of not having a CFO help you in your business
- How a virtual CFO service gives you access to top talent without the hefty costs
- Why it's important to have your financial reports ready in advance of a liquidity event
- How a CFO can help you in your business even if you're not having a liquidity event
- What Daryl does to have a business more attractive to a buyer
- The importance of succession planning
- How Daryl's buy-side experience helps business owners with their liquidity event
- Overlooked items in financial due diligence that you need to know
- The importance of a business running without the owner
- Why it's important to reduce EBITDA adjustments before your liquidity event
- How a buyer views EBITDA adjustments and why this can hurt your liquidity event
- Why you need a track record of at least two years of financial history
- The importance of removing any room for interpretation with financial statements
- Why business owners need to be upfront with buyers about EBITDA adjustments
- Tax implic
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