3 Burst results for "Mike Grudge"
"mike grudge" Discussed on Be-YOU-tiful Adaptive Warrior
"Well. Welcome back every one is so great to have you here again and on today's episode i was going to give you a little bit of a background on my fitting that happened yesterday in two days ago and how sockets fit But i think there's a lot of life lessons to be had in this episode as I've had some tragic news. That happened moments ago and i thought you know what the show must go on and i'm going to use it to fuel this conversation because i think it's valuable lesson in crew truly the lesson today is kind of You know you don't know what you have until it's gone and it can go in any direction you don't have to be an amputee to get that innuendo Obviously you know unless you lose a limb or a finger or toe even a toe or whatever. You don't realize how important that is until it's gone. I mean you can say yeah. I get it but you don't live it and so it's really hard to really appreciate what you have and you know my hope is that yes i reach a bunch of amputees with my podcast but in reality. I really hope that. I can reach out and help at least one person who isn't dealing with this but just dealing with life Life throws all of us curve balls and no one is exempt from those wonderful moments in life and some of us. Some people that. I know deal with curveballs left and right and left and right and never seem to find a clearing. But i just know that there's a plan for them and then i just hope that they stay positive and on the right path and always reaching out to friends and family for help when they need it but like me. Losing a limb. I knew what. I was getting into losing it. But i didn't really know what i was getting into losing it until i was up and atom and trying to walk around my house or making my first meal for my family or Navigating the shower. And i'll tell you why after two years of dealing with our shower at our old house that has been quite the challenge in this new home and i don't know how else to explain it except that like i said in the last episode. I don't shower with my leg on. So i take crutches to the edge of the shower then i kind of have to jump in jumping on. Your good leg isn't always the best thing. It's good for your good knee. But i have to do that. 'cause it's probably about five jumps to the seat that i have in my shower and then there's times where i just need to stand so i'm trying to stand and you wash your face. You lose your all your balance when your eyes are closed the waters rushing shampoo off your head so need to be careful with that but then trickery comes when the showers off and the floor is wet and you have to hop back to your crutches so i don't even have by kind of do one of these scoot my foot toe heel toe heel toe heel till i'm close enough to grab mike grudges so i'm still learning and i didn't realize what i had until it's gone not just my leg but the shower you used to have It was a big shower..
Kim Potter, officer who shot and killed Daunte Wright, resigns
"As Mike Grudge you reports a former Minnesota police officer has been charged in a fatal shooting of a black motorist Former Brooklyn center Minnesota Police officer Kim Potter has been charged with second degree manslaughter in the fatal shooting of 20 year old black motorist. Dante right. The shooting ignited days of unrest. Potter and Brooklyn Center Police chief Tim Gannon both resigned Tuesday. Attorney Benjamin Crump, who represents rights family reacted to the charge The family of Dante, right, We'll get to have their day in court. The shooting occurred Sunday during a traffic stop is right was pulled over for expired tags and officers sought to make an arrest after discovering he had an outstanding
"mike grudge" Discussed on Shares for Beginners
"Specific list of criteria that used to decide which companies you're going to invest in es and it's not says. I said earlier. What's what's guy. Oh we don't really listen. Any companies with revenue. Listen five million dollars. And it's not the revenue per se. It's the maturity of the company that signifies Which means that they have established technology. So that still trying to build the technology and figure out if it works does actually work. They've got a fairly large customer. Buys pretty established customize I am we can see that that customer by sticks with them and the customizes report if you like. They've realized that this is the best solution they're gonNA get and now you're going to stick with them for as long as they can. So that's very important to us. In terms of maturity and scale of the company did Business Economics is very important to us understanding the profitability. That thoughts gross margin And then comes through the cost of acquiring customers and the TIN IV custody. We want that to be very loud. Just look into those specific terms gross margin and cost of acquisition sure so the gross margin is the difference between the price each of the customer and charges. You just to sort of keep the lights on and deliver the service and that generally speaking in technology businesses is the infrastructure costs of running the business. Sometimes that's also the customer. Acquisition costs can be put into that grows module or sorry. The marketing costs associated with acquiring the customer. Can we put into that guy's margin calculation? And what you find. In a lot of technology businesses. The garage is very high. It doesn't actually cost you much kit lights on serving the customer because you've already built particular the vote the tick but the the software and now you just you sell it to be able to the software just runs. There's obviously investments and updates down the road but but basically the current setting of your current customer base as very cost effective and gross margins and software as a service which again will come back to explain who can talk about. They tend to be I ran eighty percent high seventies eighty percent. And that's really hard and a physical business has to actually buy materials ten them into something and then sell them. has a much lower gross margin says software as a service is traditionally software was written and delivered to people who used it to to load onto their machine onto the computer on a CD Rana's or a floppy disk before that. So you actually had air you would be for. Small businesses would write the software that put it onto a floppy disk and pushed it out two business and put it in to the into their. Cd-rom that put it in. And you upload it and it will be on new machine. That's a very inefficient way to deliver software in the end because he intimates now got so good and you can transmit so much information over the Internet in such a short period of time. Now you don't have to have the software now physically large onto your machine. You can log into the software when I think it'd be loaded into orbit stored in what's called the cloud which is really just a network of servers and other hardware physical physical hardware in which which you can put your software on and then through the Internet Peo- can go to that space and they can operate the software As if it was loaded onto the computer when it actually isn't that just doing it over the Internet so software as a service is that dozens model all sorts of applications zero for instance which many people here of outs accounting software. That's delivered out of the cloud says Mondrian businesses a As an example because really zero his superseded yes madre in business and the main reason these companies do see they supersede the the new wave of technology supersedes supersede. The old way of technology for two reasons one is there. have been a functionality. They do more and the software is service software. The why does Moore's be more connected to everyone at the same time so Y- as a small business? Small Business Owners will know that when doing the softwares. I can complete updating things on devices. The accountant for instance can see that in real time And your counts can be keeping up with your bookkeeping or your or your your cost into your silos injuring everyday. So that's that's that's one of the ways in which the functionality counting softwares assume is better than than Safra slighted on on your own computer. The second one is cost just much cheaper so the price of everything comes down as well. I think at this point live. We should talk about some of the companies that you're investing in it. Balladur so shoppers service not only has very good economics of high gross margins and relatively low cost to add new customers and those customers. If you've got a good product stay for a long period of time so the subscription revenue that you get from those customers compounds time and you find that you get that wonderful Esam talk growth curve. What's instead of just being a straight line? The growth of get steeper as logarithmic logarithmic. Yeah exactly Gross good from software as a service. Because you've got compounding effect of customer you've added one or two or three or four or sometimes seven years ago which is still there and you don't eat you charge them every year. But you don't have to you say this then but generally you don't have to win the more there's cost associated with those customers. Shelford service has very good growth economics. So that's what we've mostly invested on and our most successful investment as a business called Sidewinder to the punch line on Sidewinder I just before Christmas. We we raise capital as the company capital. We supported strongly At one point one billion dollars of of market capitalization. 'cause it's not listed as the private company and that business was was you know in the tens of millions of dollars when we fished invested about seven or eight years ago in terms of its total randy. So that's been the growth spring over twenty times. What Issan to do. So I'm going to provide software for hotels to connect them to all of the sources of potential room bookings so if you're a hotel and you wanNA collect connect online. You need to connect yourself to booking dot com to expedient to go to to see trip the findings as to the Tomago to To Hijaz DOT COM to whole range. Her other other other places like airbnb is now part of it. But you need to connect with many potential sources of people looking to book your hotel as you possibly can and ninety needed just to sort of simple connection. You need to be able to communicate the details of your room availability. So what rooms revival win. What the price of the different rooms are which ones vice? The CEO one's face the mountains and all the other extras that you have In the room. So there's quite a lot of information that needs to be communicated through so just look into this a bit deeper. Someone at reception has access. Is that how it works That's right well. Some of that has access has X. Two in the hotels is called. The property management systems are the hotels are property and they have a property management system that manages the state at manages. The booking books in and booking can be someone walks into satellite or it can be online and so connecting the online bookings to the hotels bookings management system as well as the RISTORANTE in the hotel. The anyone use the MINIBAR. Some of that goes to the gym anything else associated with the state so that I can send you a bill at the end. I'll give you the bill the disc at the end and make sure you're in the SIERRAS. Which is the customer relationship? Management is crm so they can send you follow ups and you can be in the loyalty program and all the things you get. All of. That is on the hotel side. What site minded as connect all of that to all the sources of bookings and sought minor Israeli a warehouse which stores all of the room and ability for particular deal or for thirty six thousand hotels? Which is a number of those now. God and then anyone from anywhere in the world can connect to their warehouse and I can see all of the availability of all rooms on thirty six thousand hotels around the world. And this was just a couple of young founders. Did it here in Australia is that? It's amazing it's I mean it's extraordinary. I think this is something that would come out of Silicon Valley. Yeah one of the great tick centers around the world. That's a great story because they were both in the industry that we're looking for so I would take services taught business and one of the two founders. There's typically a product and market person and a technical person code writing is typically. What we see is the two founders the product and Mike and Mike Ford who was the CEO for a long period of time. He had a friend who had a backpackers and he's got on a few drinks at the weekend on his friend was constantly complaining about. Oh God it served difficult. I've got I'm trying to manage my bookings and I've got to connect with now now. Everything's been online with young people booking in the backpack he had two or three backpackers he they were having to connect directly with booking dot com. Expedia all of the different. So they had to write code to connect to all of these people differently in the head to have someone monitoring the availability of the rooms as they were on each of these potential booking sources so they if someone walked in and just look to overnight that have to ring up only probably going line in an email to geragos booking comb. Say Take One room off because someone just walked in and booked so. I was very efficient and quite costly and that they had to not put all of the rooms on all of the potential sources of bookings. So I'm Michael. Yeah that's really inefficient side away. And he has the other partner Mike Grudges. They start coincided to go round attached to hotels and got immediate. Pick up and off. They went and Yeah we joined him in the head about five minutes of revenue and just about to open a one-two office in London in Asia that often in a very small office in London and then aided am I mean we put sort of five hundred dollars and and off we went and what sort of size of what's share of the market worldwide with the have now what is still small because Around million hotels worldwide. Many of them along Tyler school hotels and and only about half of those currently online But yeah I think the dominant provider in this market. There's is there any competition and the competition around the world in other places but they fired away later that tripled the size of the nearest competitor in terms of number of hotels connected and Tim's of number of systems that they are able to connect to number of property management systems. They can log it back and kick with so they've got the best best position that could possibly have. December Unicorn is a union striding Unicorn for people as Companies that have passed the valuation Mark of a billion dollars I say yes in the strategy. The Unical okay. It's being the top forty in Australia. It's not the same in America. There's no you didn't quite on the. Us still not in US dollars. Yeah they're on the way. The businesses grow continuing to grow strongly. Yeah and it's very interesting. It's eighty percent of its revenue comes from outside Australia New Zealand So it makes you realise being global for long terms competed with the best young globally. And it's one and now it's got to just continue to to double down on that you've started.