Driving Your Income- Chauffeur BOOK, On Site Training and Consulting

08/04/2024

07/15/2024

So it has been a very long day for a Monday that followed an unsettling weekend so I wanted to end the day on a nostalgic note.

Below is a picture of Dr. Ruth and me from 2008 when I was her chauffeur and assistant for four days in Florida when she visited for speaking engagements, a PR tour and book signings.

She was one of a long list of VIP's we took care of during my time at Ambassador Limousine, but the only one who insisted on calling my mother to tell her what a gentleman she raised. Certainly the only one to name me her "Minister of Transportation and Protection". Also the only one to give me her address and phone number and make me promise to call her when I came to NYC.

I did call her when I visited NYC in 2010 and we were able to meet for coffee in her neighborhood. We discussed her early life (tough), Israel, my business and the Yankees (She was a huge fan). She told me stories about when she served as a commando in the Israeli army (apparently mandatory service). I asked her if she was afraid of dying and I distinctly remember her saying "Maybe then when my life was new, but now (age 84 in 2010), I have done everything I ever dreamed of and much more- now I look at death as a friend who could drop by any day" I remember her pinching my cheek and hugging me when we said goodbye. "Kennit" take care of yourself.

She past away last week at 97 years old, certainly a life very well lived, Meeting her was an absolute joy.

07/10/2024

Transportation Operators:
Mid Year 2024 Financial Health Check up.

Is your business more or less profitable than last year?

Don't Know or Are You LESS Profitable - We Can Help!

07/10/2024

Transportation Operators: What Road Are You ON?

GIG - Day to day earbing a living until the next thing comes along?
Lifestyle Job- that ends when you do?
Real Business - That is Sellable and Creates Wealth Along The Way.

We Can Help You Create a Real Business that is Sellable!

DrivingTransctions.com. Driving Transactions

06/22/2024

“If you’re #1 business goal is to underprice your competition, you lack imagination, business sense and financial acumen”

06/06/2024

Our first Webinar is now on DrivingTransactions.com. You can view it at your liesure.

The link is below.

This Webinar describes SEVEN MISTAKES we see all the time that lead to transportation company FAILURE and how to avoid them!

Check it out!

https://drivingtransactions.co/7-mistakes-register

06/01/2024

Our Financial Reporting Program makes it possible to Improve Profits and Plan Future Success. WE CAN HELP

150+ Operators have Subscribed to Driving Financial Success. Testimonials and Success Stories gladly provided.

06/01/2024

Transportation Company Owners:

If you don't know your financial metrics and revenue KPI's, planning is really just dreaming.

Let us show you how easy it is to plan future profits. WE CAN HELP.

05/22/2024

Are You A Ready and Realistic Seller.

05/17/2024

Transportation Company Owners.

Listen to the coolest man in the world - Denzel Washington!

"Never Confuse Movement with Progress"

In Business Revenue is Vanity, PROFIT is PROGRESS!

Let us show you how to improve profits and increase owner income.

05/10/2024

Dear Transportation Company Owners:

Driving Transactions is a financial analysis, business valuation and M&A Advisory Service that specializes in the passenger transportation industry. Calling us business brokers is like calling your banker a bookie,

Business Brokers who call you and tell you they represent a buyer who will pay HUGE EBITDA MULTIPLES for your business and 90% cash at closing are flat out LYING TO YOU.

This is a tactic used by unscrupulous business brokers to entice you to sign long duration exclusive engagement agreement with them,

Driving Transactions has successfully facilitated the sale of over 30 transportation companies representing sellers including the five largest transactions in the industry that chose to engage an M&A Advisory Services.

We can gladly provide over 100 references from sellers, buyers, banks and investment firms that have reviewed and experienced our work firsthand.

Next time a business broker calls you we advise you to ask them for seller references in the transportation sector and request samples of their valuation and financial analysis packages from sellers they have represented and see what happens.

05/10/2024

Thinking of Selling Your Transportation Business?
Selling a Business requires time, preparation, accurate and favorable financial and KPI data.
Think You Are You Ready to Sell? THINK AGAIN

>95% of the transportation companies we review and analyze are not ready before they engage us to prepare them.

05/05/2024

Managing for transportation by critical Financial Metrics is like an exercise program- toughest part is getting started but WOW does it make you feel good when you get in to it!
Become Financially ENLIGHTENED

05/02/2024

Check Out Driving Financial Success, sign up for our course and wonder NO MORE. THE ANSWERS ARE THERE.
How to Improve Profits and Increase Owner W-2 Income
https://www.drivingtransactions.com/financialsuccess

05/02/2024

For all the entrepreneurs out there working on a business you created from scratch or acquired by leveraging everything you have keep up the great work! Thru your grit, tenacity and ingenuity you make it happen every day, serve customers, employ people and add value to your community! You all deserve a metal!

05/01/2024

Less than 30% of businesses EVER Sell to Third parties. Our track record is selling 8 out of 10 transportation companies we engage to sell. Are You A Ready and Realistic Seller?

04/30/2024

What's your PLAN? If you want to build enterprise value, it is not going to happen on its own- WHAT'S YOUR PLAN!
Want to Increase revenue ?
Want to increase your own income?
Want to buy a building?
Want to buy out a competitor?
Want to borrow from a traditional bank?
Do you want to sell this business some day ?

Damn it don;t tell me about the shiny new Escalade you just bought for $108K with zero down - Tell me how you plan to make a profit with it .........................WHAT'S YOUR PLAN !!!! DAMN IT!

Don't have one- WE CAN HELP!!!!
After I have had my coffee and I calm down a bit!

04/23/2024

Ben Franklin once said, “If you fail to plan, you are planning to fail,”
That quote has stood the test of time. Businesses with an up to date business plan and accurate budget forecast are almost 2X more likely to acheive their annual goals. More profits today and additonal enterprise value at time of sale. WE CAN HELP

04/19/2024

What's Your Total Cost to Operate?
How Much Can You Make in Revenue and Net Profit Per Unit?
What's Your Break Even Point Per Month?

Guessing is for Amatuers and Lenders Don't Like Amatuers.

04/19/2024

Do you know your break even point?
For a specific vehicle?
For a specific shuttle contract?
For Your Entire Operation ? Daily, Weekly, Monthly?

Our Financial Reporting and Management System will show you how to calculate critical financial metrics and KPI's for your business

Check out
https://www.drivingtransactions.com/financialsuccess

04/16/2024

I found this really interesting and somewhat unfair. This was from a survey of 2500 small business owners.

If you are a business owner, I think it is your responsibility to learn all the critical financial metrics of your industry and what they should be for a business your size.

We have developed Driving Financial Succcess, a FInancial Reporting Program tailored specifically for the transportation industry that trains operators of all sizes how to manage and measure the critical financial metrics and operational KPI's of their business and how to compare them to prior periods and transportation industry averages we have compiled after financially reviewing 250 companies from $1m to $150M in annual revenue.

Check out the course at DrivingTransactions.com and give your CPA a break- after all, he/she files your taxes so be NICE!

03/29/2024

HAPPY EASTER

03/12/2024

Others talk about transactions, we make them happen. We have facilitated 30 transactions for sellers since 2018 including
the FOUR largest that used an outside M&A Service.

03/03/2024

Honored to provide a session today to a few hundred operators. My session is available by email for anyone who wants to FB message me and will be a complete webinar on Driving Transactions website as soon as we return from the conference.
Great Strategies to improve net profits and enterprise value!

03/03/2024

Driving Financial Success the only financial reporting and management program designed for the chauffeured transportation industry. CD/NLA Conference Special $500 OFF
Visit DrivingTransactions.com

02/17/2024

Buyers do not want to pay top values for businesses that have no profits and operate like it was the last century!
No profits, High Labor Costs and No Technology kills values when owners want to sell.
We get paid to tell you what you NEED to hear not always what you WANT to hear.

We sell 80% of companies we offer for sale because we help FIX THEM well before exit time.

01/30/2024

Operators that count on selling their business to fund their retirement are always disappointed.
Failing to Plan is a Plan to FAIL!