22 Burst results for "RSM"
"rsm" Discussed on H-Hour: A Sniper's Podcast
"Enough for you to be able to put an edge on there without you know any particular skill. So it's the perfect medium between the two nick by bush grabbed. Nick was taught this upper. Give me a call every every yeah. Of course yeah but the difference between the different different metals. You shop some some of them any point trained shop for example. Your kitchen knife off the shelf in tesco like no ever bother trying to take a shopping centre on. Yeah you might as well just like a one time. Use thing if you're going to spend three quit on a kitchen if you're going to get three of value in so yeah it's every stale as its own little little nuances little ways. It needs to be treated. I've got i've got range of. It's called a recipe a heat tweeting recipe. So the one got there is eight hundred degrees. I hold it for a certain amount of time. Then our.
Roblox IPO Update
"This year. They've been talking about an IPO and that was originally they announced they were going to do in November and December. They're like, actually we're going to delay it. You talk about sort of their decision to delay that IPO and instead raise the series 8 Round which came with a much higher valuation. You make the argument that hey this was a really nice called a delight to take us through why would a company would make that decision? We're going to delay the IPO and what Roblox gained by doing? So yeah. So I mean, this is a a pretty interesting and strategic play by by the CEO of Roblox by you know, the originally anticipated a traditional IPO for November and then they delayed it then back December but the second delay, I'm sorry in December they decided to delay and a lot of that had to do with what they saw happening with Airbnb in doordash. Those were two months, you know, highly successful IPOs both of them pretty much doubled on day one and so it kind of made Roblox think okay. Are we leaving something on the table here? Right because the original birth And when they wanted to IPO was was an average valuation of of eight billion. That's kind of what they were targeting. Right? And so after seeing what happened with doordash an Airbnb, you know, they felt like okay, they're an appetite here for investors to actually value robots in a much different lens. And so that was the you know, the option that they decided to take and so there there was a comedy there was supposedly a company-wide memo that explained to the Roblox employees as far as why decides they decide to take it off and revisit this strategy and so from December leading up to about January to your point. They actually were able to gather another round of Investments through a series agent round that valued them at twenty twenty nine and half billion. So, you know, you literally go from an eight billion valuation to a 29 and 1/2 billion, which is quite remarkable, right? And when you put that into perspectives you look at epic Gaming right and you look at their recent valuation went down. Leave I think they dropped about a 250 million investment that valued them roughly about 17.8 billion time around that ballpark. But you know, you take that into perspective right? You got a very successful such as fortnite that has the Unreal Engine. They've got a great ecosystem here and there at Seventeen and half and yet there's investors here that are valuing Roblox now at close to $30 billion, right? So Thursday impressive and I have to imagine now, you know epic Gaming evaluation is probably significantly increased. And so now you know it could you know, when you look at that as a comparison like, okay. Well, wow, these are two very successful franchises, but with a much different strategy, right Roblox is clearly a platform gaming strategy versus epic is a lot more of building in Palm Coast system around gaming and even outside of just gaming right the comparison to Epic Games is so interesting because I think people would assume dead. It's a more valuable company than Roblox. You mentioned the two different ecosystems. And you know with this is being said with the caveat that you're right. The Roblox is new valuation may have it as sort of a Leap Frog situation with epic games where they can take that and go to somebody else would be like actually we thought it was $70 billion now, we now might be 35 or whatever it like it sounds absurd but based on what Roblox did this year? It's clearly has a model that that could exist. So why does Roblox have so much value when compared to epic games that has that owns rocket League? They have fortnite they're bringing in all these different Major Brands into fortnite. They have the epic game store. I mean, they felt cocky enough that they got into a lawsuit with Apple after all. What is Roblox? What where's the intrinsic value from the company coming from? Yeah. Well what's impressive about Roblox was the abilities to build dead? A platform that targeted a market that probably wasn't as heavily looked upon right when you think about fortnite. It's a little bit more on the teenager Spectrum, maybe above but when you look at the Roblox a platform it the average or the the their sweet spot is really the nine year olds thirteen year old demographic right? And so there weren't a whole lot of platforms that were developed. I mean you can argue maybe Nintendo switch or even the weaving of platform but I think robots was able to sort of expand apply the this from a mobile gaming but also you can play Roblox and PC. So there's a lot of different platforms that you could play it on. That's more widely that can be more widely distributed towards kids right versus a Nintendo switch. You've got to convince your parents to spend an average of 3 to $400 on a on a system or a console. So I think that that's number one and then it's I think the reason behind the valuation here as well is when Roblox did wage Our file for an IPO they did have to of course release information. They're asked one and it was quite intriguing information that they released as far as their their daily active users and just the hours of Engagement due to the Panthers made their hours of Engagement pretty much doubled from roughly about 4 and 1/2 or four billion to almost close to nine billion hours, right? It's crazy when you think about that number, D E Yeah it like nine billion. I mean, you know to put that into perspective right you look at twitch twitch obviously is a very big streaming platform and their average wage, you know hours of streaming double during the pandemic as well, but it went from roughly about 2 and 1/2 to you know, a little over 5 billion hours, right? So you look at ROBLOX, you know, like oh, this is just one Platform One game will maybe not one game but one platform, right and they're able to track 90 million hours versus something as widespread as twitch is is is trailing in, New Jersey. Five billion in streaming hours, right so crazy to think about that. But then you also look at the daily average users of kids that are playing. It's like somewhere close to like 35 million daily average users. And so you look at that potential of the amount of kids that are playing this the amount of hours. I think if you do the math, it's roughly each kid playing it from roughly about 2 and 1/2 hours per day off, right and that's a lot of time right and and the question becomes now is okay. Well is that can even continue number one post-pandemic? I think that's where the speculation comes into play. But even if it doesn't look at how many kids had gotten onto this platform that are only going to continue being on that platform for at least several more years and then that a monetization that they've been curd based on their virtual currency Robux. I mean when you put all of that in a play-off like that's where the valuation comes in a place right? They've actually been able to monetize this amount of frenzy that these kids are going on this platform and buying, you know, using these robots to age. Not even enhance the game per se. It's really more for skins right or or how do they enhance their Avatar which is which is mind-blowing right when you think about all that. The Skins whole whole industry is the
"rsm" Discussed on Esports Network Podcast
"You're basically borrowing shares in anticipation of purchasing back at a lower price so that you make the gains between the shares that you borrow versus the choice that you bought it at a lower price. So you're basically betting against the company, right? And so that's kind of the big story here at GameStop. When you think about games of itself. It seemed and appeared very attractive to these hedge fund companies off to bet against them because as as we all know a lot of the gaming environment is now becoming more digitized and at some point we may reach a point where we're not even going to the stores and like purchasing games. It's off. Going to be online. So that's what a lot of these hedge fund firms were betting on and there was a large Short play position here. And so what ended up happening which was very interesting. Is this Reddit form that you mentioned Wall Street fact that you know, there's clearly a lot of activists there that were sort of against the short play that was going on. And so you had this sort of large community of investors who wanted to you know, accelerate the momentum of the stock by gathering a lot of investors retail investors such as you know, you know individuals to be purchased the stock right and bet against these heads Heads forms of it almost is a story a little bit more about the David versus Goliath, right the institutions versus the retailers. And so there's just a lot of money, you know, a lot of emotions a lot of frenzy as far as you know, You know, like suit versus or investment bankers versus the average individual investor, right? And so the red of community is using this as an opportunity and just the broader communities using this an opportunity to sort of like, you know, unleashed the power of many to go against these hedge funds. So, you know, I wish this were just about gaming in itself. But this is this has had a massive spread offensive to a lot of other companies that these hedge funds are are betting against absolutely. Yeah. Now people are throwing in all these other mentioned AMC at the top you will also thrown around Nokia them on her out Blackberry, you know companies that just don't have a lot of actual value in them, which is why a bunch of headphones so short positions and now everyone's trying to figure out the song Rocket Ship as well as three pet likes to put it. My timeline is it filled with this kind of stuff for for 2 days now and now things are going absolutely nuts as places like wage. Robin Hood freeze trade a and we're kind of stuck in a limbo it feels like and again this might all change by the time the podcast is published tomorrow. But trading is still dead prevented on Robin Hood and a variety of other options as well. Where do we go from here Victor? Like what what's the next step in your opinion as a prediction for just sort of how we emerged from this? Yeah. So I mean obviously, you know the fed and the scc's are taking very close look into what's going on. And is there any sort of fraud or is there any sort of pumping of sucks going on and so they're clearly taking a close eye and a close lens on it, but base, you know, as of.
"rsm" Discussed on Esports Network Podcast
"KO, he's the partner technology media telecommunications senior Analyst at RSM. One of the largest accounting firms in the US came on the show a few months back and we discussed Esports numbers and metrics how to cut through bad data when analyzing this industry and really what quantifies is Esports and what does not Victor recently published an editorial looking at the initial public offering of Roblox an IPO that was delayed a few times in 2020 in what turned out to likely be a pretty smart decision in Victor size as the value of the company has continued to climb Victor. Welcome back to the show happy to have you back. Yeah. Thanks for having me. It's great to be back here. So we're going to be talking about the climbing rates of companies around gaming especially Roblox and then also other companies wage. Discord but first we need to discuss the elephant in the room. Everyone of my timeline. I could only imagine yours in circles you're in is talking about the GameStop stock, which is in the midst of an emerging short-squeeze orchestrated. Largely by Reddit Community Wall Street fat and we're recording this at about 1:30 to 2:00 p.m. Eastern time on Thursday. And right now right Robin Hood has where bunch of the trading in the stock took place has frozen the ability to buy GameStop and AMC stock another stock that was being thrown into this conversation as well, but people can still sell the stock. So they've only Frozen the ability to buy it which has sent the stock sort of cratering from its kind of absurd highs GameStop stock peaked at a high of about 4070 dollars at 10 a.m. Eastern time this morning and has dropped all the way to $210 as I write this and now politicians ranging from Ted Cruz to AOC are talking about this on Twitter wage. Actually lost who's been filed against Robin Hood, and I personally have no idea where we're going to go from here Victor. I'm hoping you'd be able to explain what's happening right now in layman's terms better than I can because I think a lot of people are pretty confused as to all these going doubts. Can you provide kind of a rundown of what happened here how we reach this point and then I'll I'll save where wage for beer for a later question. So how did we reach this point right now knowing that hey this might be outdated when I publish this show tomorrow. Yeah. I mean you think about all this sequence of events that have happened in a couple of days. I mean, it's it's a really, you know fluid story that's happening and and quite quite an astonishing story and I wish it were about gaming itself. But this is clearly something that's even bigger and broader than just gaming and just to kind of go back to the basics. You know, really what's causing the increased momentum in overall GameStop's birth. Price has a lot to do with the short sale positions that these hedge funds were taking an only just GameStop what you think about all your typical, you know, brick-and-mortar or companies that are going to be struggling during the Covenant virement. So you look at AMC Theaters you look at that Bath & Beyond a lot of other companies that hedge fund firms are targeting to bet against the company, which is what a short play is..
Pandemic wage gains were just a fluke
"Come friday. We're going to get the latest stab shot on average hourly earnings in this economy and it is expected to show continued strong winds gains but our guy on economic statistics mitchell hartman. He says best to ignore that and focus instead on the trouble yet to come so a crazy thing happened on the way to the pandemic recession. After the economy shut down and twenty million people lost their jobs. Workers average hourly earnings went up skyrocketed. Actually up eight percent year over year but what got was was not signal. Joseph bruce willis is chief economist at rsm consulting. He'll be our guide through this thicket of wage data and when he says noise not signal he means fast. Rising wages have been a statistical anomaly of the pandemic economy high paid professionals kept working from home and mostly held onto their paychecks but millions of mostly low paid service workers lost their jobs. When you've got forty percent of households making forty thousand or less seen a job loss or loss in wages. That explains that head. Fake if you will on wages forty year old cinnamon deutsche is. An example of what bruce willis is talking about. She was teaching at a childcare center in asheville beulah ohio when it closed and she got laid off in march her three hundred and fifty dollars a week. Paycheck disappeared from the average earnings calculation. But she got unemployment which included six hundred dollars a week in extra federal pandemic pay until she was hired back three months later. I made twice as much on unemployment with the extra six hundred dollars. As i do now but i am glad to be back to work. I mean i like going to work so like many americans do inches. Income actually went up for a while because of additional unemployment benefits and relief checks but those temporary effects are fading. And just says we're in for a rude awakening. What i think we're going to see is a very bifurcated. Wage market this idea that k shaped economy separation between the hadgem. The have notch bruce willis says the haves those who work in what he calls. These zoom economy will have made goes at the upper end. Those who are already thriving. There's going to be competition for those workers. you know. Premium place their wages but for lower wage says workers even as the economy reopened and employers. Start staffing up again. Those in the middle to the lower end of the market where the damage occurred. They're not going to see a lot of wage growth. That's due in part to supply and demand. Lots of unemployed workers looking for jobs not enough job openings to give them leverage to demand higher pay. then there's something. Economists call downward nominal wage rigidity firms during hard times ten not reduce. The wages of the employee said they keep on the books but when the times get better wage gains core restrained. That is pretty much what cinnamon joy is seeing in her job. She's back at work fulltime at her previous salary of three hundred and fifty dollars a week. The extra unemployment income she banked back in the spring has run out. My credit card is back up to you. Know almost max out trying to pay five or ten bucks extra so that i can pay that down. I make enough money to pay my bills and have mcdonald's once in a while but you know if my car breaks down or have an emergency am just outta luck i i have to borrow from. Somebody doesn't expect chill get a raise until she hits ten years of service in twenty twenty
"rsm" Discussed on Behind The Numbers
"L. copa. Copa on linked in partnered. With them so yeah. We've got just a couple of minutes to go here in the program and i want to try and squeeze just a little bit more here and kinda dovetail a couple of topics maybe telehealth and mental health if it makes sense until the two but from the perspective that the right in the middle of a pandemic mental health is is forefront in. Everybody's mind everybody's dealing with something. And in some instances you can't access your relatives for example if they're they're living in a nursing home or say living facility and telehealth has become such an important component of that talk a little bit in four minutes or so. We have here about the telehealth mental health component of healthcare. Right now and where that's headed in your view. Yeah so from my view. Telehealth is here to stay. It was not an easy an easy feat pre covid. There was a lot of a state by state regulations around it. There was a lot of reimbursement challenges around it all of those things. Much of which at least for the time being supposedly a temporary alleviation of those those barriers to telehealth and telehealth even as the pandemic born on it it has it has lessened the number of encounters from dell but still up from what it was pre covid so i think by and large everybody thinks telehealth is a is a significant component to the future of all providers especially in the emphasis on mental and behavioral health. People are very challenged right now in those departments to to drugs and alcohol and other matters. You know with with what's going on here. There's a bouts of depression. There's all kinds of things going on. There are still adults and children living with disabilities intellectual disabilities. Those things a pandemic does not stop. You know what what these people need on a day-to-day basis and any of our clients in the space to a certain extent. A busier than they've ever been and telehealth is has been a significant component of making. That happen when they can't see people face to face. I think it's also telling the lesson of you don't necessarily need to see somebody face to face and they're certainly things that could be done effectively in a remote environment so i think what's going to happen And a lot of my colleagues agree tell health and the regulations around the reimbursement rages around. It are going to be more favorable and continue to be favorable going forward. Maybe not exactly how it's is right now but when you think about the future of healthcare looks like it's going to be more consumer based More on demand. The way you get paid is going to be more for the value that you bring to the patient. Telehealth is a a significant component of achieving those goals. And making sure that the people that you care for the patients that you care for the family and children that you care for cared for properly and had very positive outcomes when they do encounter you. Great on that note. Unfortunately we're out of time mike. Thank you for joining us today. I'm behind the numbers. I pleasure thank you and thank you at home for watching listening. Please be sure to hit the subscribe button to know what we're up to going forward. I'm dave bookbinder. You can find me on linked in facebook and twitter. Let's chat sometime. You take care. Stay well we'll see next time. We'll behind the numbers..
"rsm" Discussed on Behind The Numbers
"It numerous times where that that level of care wasn't taken and they bought things that did not quite pan out that they were hoping with. You drains the entire company. Not just what you bought so much complexity so many different layers. What's the pandemic done to throw yet. Another kirpal into that. Whole mix job from my particular point of view and the direct client base that i that i serve. I think you know in in the early stages of it. It's slowed things down tremendously. There was almost every single. One of my clients had some type of emanating activity on their deck. You know in february march april that as the pandemic unfolded and people start to realize this was going to be a longer term than maybe what was initially anticipated or at least hope for that whole emanate environment. Slow down and i would say probably until about Midsummer you saw saulat starting to pick back up again and right now. It is on fire as far as my perspective is concerned. There is just so much interest in this particular space. And i think it's just a combination of what's going on in the political environment and changes that are on the horizon for the industry. I think there's whether it's dry powder every to refer to it as i think there's money laying around that people wanna get into play and there's some some really good opportunities out there in the healthcare industry. What we talked about today. Not just once specific part of it that as we look to close out the year even with the pandemic still going on there is a push to you know. Get some of these deals going and closed as soon as possible. Even if you have to do the diligence and some type of remote capacity or something along those lines where you have to have things. There are certain deals. That are in place that i know of that. Are you need to have some level of in person you know reviews and things along those lines and other regulatory bodies. They're still being held up because obviously not everybody is back to work face to face and things along those lines but there's no lack of interest to make that happen once you know all the green lights are in place to have a go down so pandemic slowed things down but i think also has created kind of a lot of pent up excitement about these investments. And i think if you do your diligence and price at right which. I'm sure you'll be some competition out there to close some of these deals aligned with your investment strategy and stay on course and do do your diligence. There's some good deals out there to have. Yeah mike. what's the best way for folks to contact you. If they want to learn more about that again. I think it's the email address. Mike dot copa am i k. E. dot co at rsmus.com seventh. My direct al seven. Three two five one five seven three zero eight or you can find me on linked in michael h..
"rsm" Discussed on Behind The Numbers
"Want to learn more about you how to work with you absolutely so probably. The easiest ways to contact me is by email. Which is mike dot. Copa am i. E. dot co at rsmus.com on my direct. Dial seven. three two five one. Five seven three zero eight or you can look up my linked in profile. Michael eissa el copa copa. Can look me up on lincoln and you'll see rsm partner. That's me to go and you can reach out. And he looks just like we're gonna take a quick break here and behind numbers. We'll be right back after this quick commercial. Where don't go anywhere. So i got this new family. I don't know what it is about this one but she can't seem to put down that toy all day. Long tap tap tap tap. Oh and she even talks to it. She talks that more than she talks to him. What's up bro my shirt. Who's talking to her mom. She talks to her mama lot. Why by local when you shop local businesses. You're spending.
"rsm" Discussed on Behind The Numbers
"Yeah i mean there's a lot of opportunity there and we see a tremendous. I spent a ton of time in kind of that private equity home office backed ventures where they are gobbling up. You know medical practices and market share and all kinds of disciplines. It could be physical therapy. Could be pain management. It could be cardiology ophthalmology. You name it. You know where they think they have an ability to create a platform and grow that platform over some geography and create some level of economy of scale. So there's a nuance of the way that they make that investment but certainly it's getting harder to operate as a sole practitioner even just a small office so the idea of affiliations whether it's with a health system like in jersey a virtue or something like that or you have some other investors through the vehicle that they make these investment happen create that scale Cut down the overhead of the administrative burden in doing so and kind of getting a more efficient platform to deliver the services and also by doing that kind of create a beggar a bigger bargaining opportunity with the way that payers arrange reimbursement with them and things along those lines. So certainly you pick the discipline whether it's primary care. Things that people traditionally think of when in healthcare. They're also investing heavily in behavioral health and mental health and health and human services related providers. All of it with that idea of you know if we do what we're doing and we're passionate about and we do it very well and we can do it on a large scale over a large geography and have that muscle of to kind of negotiate. You know what are our fee for. These services are to bigger. What reimbursement looks like for these services. While driving down the the total administrative burden tremendous opportunity. You know from an investment standpoint. Mike before we take a quick break here when you tell the audience how they can contact you if they.
"rsm" Discussed on Behind The Numbers
"There are billing codes associated with each piece of what they're doing and generally whether they're being paid by some type of commercial insurer like aetna or blue cross or something along those lines or they're getting paid by a governmental body Centers for medicare and medicaid services medicare and medicaid reimbursement. They're essentially going to get paid some negotiated rate of What that insurance is willing to pay for those services to the extent that you don't have insurance you're essentially paying out of pocket But hopefully you know people have insurance because some of this stuff is a little bit costly so those rates in those negotiations between the payer and the provider does create some ambiguity ambiguity for the individual consumer the patient because they may see and get a bill for a charge that is far in excess of what that provider actually gets paid. So there's a lot of initiatives going on right now to try to demystify be more transparent in what that billing relationship looks like so there's a deeper understanding from the consumer level of what services. Am i getting. How much does it actually caused. How much are they getting paid. How much is my insurance company paying them. Which puts a little more power into the into the individual payment patient but that overall that's one of the most common ways that these providers get paid and there's other ways that the arrangements that they make with insurers and the like and the patient of value based care things along those lines kind of set payments for outcome based results first actual. Hey look i. I saw you for the flu and i gave you a prescription and you went on your way. You know it's more. There's other arrangements where it's more holistic about the health of the patient itself Which get a little more complicated. But in general you do service. There's a an arrangement with an insurer. Pay their portion. There might be some portion paid by the individual ad. that's generally how it works in the industry. Yeah we talk about surprise billing. I know from experiences. Where maybe for example. You're going for colonoscopy and you think that there's a fee for service but then you get a surprise bill. An anesthesia department. That may not necessarily be a part of that facility. Talk about surprise billing and how's it happening. What can be done about it. Yeah and that. That's part of the challenge of for the consumer is is they don't necessarily on the surface no all the different players involved in the in the service so like for example You're going into ear nose and throat and they got to put you under and an anesthesiologist comes in.
"rsm" Discussed on Behind The Numbers
"Everyone and welcome to behind the number. Some date bookbinder. I'm a senior director at cf. Gi and this is the program where we dig deeper understand what matters most in business today. I'm excited to welcome my guest copa from our healthcare partner. There mike welcome to behind the numbers. Awesome thank you dave. Yep great having you here. Why don't you tell the audience a little bit about who you are and maybe just a bit about arsim certainly Again my name. Is mike copa partner at our sam in our healthcare practice It's a national practice all across the us I lead services. Really in the in the northeast. I'm based in edison new jersey. But i spend a lot of time in pretty much all of eastern pennsylvania. All of new jersey and i have several colleagues up through the rest of the northeast new york city and north where we cover a lot of different healthcare providers all on the provider side versus regulatory side. But that's inclusive of hospitals and health systems medical practices on the smaller side but also large multi-state medical practices Long-term care mental and behavioral health really a diverse representation of of the healthcare provider industry. As far as rsm's concern for those who may not be as as familiar We are the fifth largest firm in the country. Healthcare is one of our Priority industry verticals but we certainly serve other industries fully across our accounting audit and accounting tax and advisory services. So certainly excited to be here today. Talk a little bit about the industry Obviously there's always so much going on in the healthcare industry. Which is one of the reasons why i've pretty much dedicated my pushing twenty year career to serving the industry. There's always something going on something always dynamic about it and you know myself and all of my colleagues at our. Sim are constantly learning. And figuring out you know what what is best for our clients and bring them those ideas and thought leadership to help them through the challenges that they face on a day-to-day basis. We're thrilled to have you here and health care is a topic that resonates with everybody whether you're in business or not in business. What have you were all faced with healthcare issues and dealing with the system right so i thought i might do is start out by asking you. About how healthcare companies get paid. Maybe you can demystify that. Talk about economics from the business side. Maybe dovetail that so that from a consumer lens we can connect the dots and see how it might make sense if it makes sense. Yeah there's a variety of ways that they get paid but i think most most traditionally ed's as it stands now they get paid on what's called a fee for service basis so effectively. You go in for You know whatever. It is a heart repair or a knee replacement or something along those lines. There are things that they're they need to do to get that worked on..
"rsm" Discussed on Scoops with Danny Mac
"You have to get buy in from all every course and you know every every state that you go to and and the pga tour do this. You know in full full spectrum so it's a difficult task i understand it. I think it's where we're headed. But i wish it would happen a bit faster. Yeah and even that can happen. Can we get rick game and damn shot link on every course people okay. This is my biggest thing. Could you imagine. Imagine this. Chris we say okay. Tom brady threw thirty five touchdowns last year. But hold on. I don't have stats for these four games. Would you imagine take word. That's the equivalent of what we get on the pga tour they don't have shuttling data for like you know i don't want to twenty five percent called fifteen percent of the events. It's mind boggling. And i can spend an hour on my soapbox about well with that being said giving opportunity but will also tied into the sm two courses and we're going to see Each of the courses thursday. Friday right and then we'll see the same track over the weekend. I heard you on the first cut podcast earlier this week with gregg point out that there will be some guys play the same course. Three days in a row there will be only one of the courses with shot link a little bit different but we'll get to see a couple of tracks we'll get c. Couple of tracks at a lot of the guys in the field are familiar with. Because they're seond boys. Oh that's certainly true. There is the mafia. There is a contingent of professional golfers from this area. We're always playing here for this home game but yeah the two course things interesting. It's a similar model. What they're gonna do this week to what they do when the tour comes here to southern california for torrey pines they use both the north and the south course this week and they're gonna use the seaside course and the plantation course now. The seaside course will be the host course so. Each golfer will play the seaside in the plantation. Either thursday or friday. Whichever one they played thursday they'll play the opposite on friday. And then they'll make the cut and you'll go to the seaside course for the final two rounds so three total rounds at seaside one at plantation. And they're kinda wanna say they're different. The very short courses but plantation is a par seventy two. That is usually the much easier course. Now you can get some weather in the seaside courses of course by the c. You can get some wind. Things can change here but generally speaking don't freak out. If you're offers are only three. Under at the seaside course on thursday there are gonna be licking their jobs to get over to the plantation course and match everything up. So don't don't fret..
"rsm" Discussed on Scoops with Danny Mac
"Cbs sports can hear them all over. The place. And rick joins us to get set for the are sm. Classic aka. rick. Augusta's encore usually. There's a bit of a hangover after a major championship but this is the best field. The our sim classics ever seen. It's it's a good one. We are now at the sprint. To you know basically the end of this swing season. Just just to tournaments to go. I'm oddly excited about it. You know we've got a number of guys who not only played last week. The masters played well at the masters last week and can coming off of that tournament as you said we are Into the swing season. And it's great to see you know. Number of guys in a number of guys who i think are interesting case studies because we can talk about weather. They will have a hangover themselves from augusta whether they will build on what they did last week whether they will rebound of a chip on their shoulder after smut. Finish business last week or all the above. Yeah there's there's so many great storylines guys that obviously you got close last week but You know might have been in contention for their first major For the first time in their career ak like a in webb simpson headlines. This yielders through so many great storylines and then also you know the full display of how deep the pga tour is and how good the young players are. All those guys are in this field too. So i it should be really fun. Really cool when it comes to form and as we look at the field this week. Do you factor last week at augusta. Any differently than you would any other typical tournament either. Positively negatively Just because of the challenge that augusta is despite the conditions just a different type of tournament and obviously an incredible incredible field. How does last week factor into how you evaluate guys performances. Yeah so i'm a big quantitative guy right. I like the numbers. I like to be able to look at it on a spreadsheet and say what the trans now obvious see. I know for some of these guys for grueling days at augusta national or two i guess depending on how long how long you lasted could be troublesome it could be a negative sunjay..
"rsm" Discussed on Esports Network Podcast
"In the long run. I don't see how it possibly could to be completely honest. It might have a correction. It might see less money enter compared to where it was a few years ago, but ten fifteen years in the future. Everyone's still playing video games. I have no intention of ever giving them up personally, right? Like I will continue playing video games for my entire life. And I don't think I think that's true for almost everybody who's the age of 20 or under they're playing video games valid. It's not becoming Society mandated that hey you can you have to stop playing video games in a certain age, like even people of Iraq had years ago. They did. I know people who are Thirty who don't play any video games anymore its just it was just something that was seen as almost childish. They had to give it up and it's uh that that choice, and gaming has gone away a considerable amount. I think the pandemics had a very big impact on that stigma. You see rappers the fortnite Drake and ninja stream was a huge moment of this is dead. World Trade Center of the younger generation he's playing a video game. It's cool. You see athletes all over the place playing video games talking about video games being like yeah. I love this game. I love that game. I'm streaming on Twitch off. It's becoming cool. And that means that I don't see people dropping it in the way that it happened at the past. You know, my dad was amazing Miss Pac-Man player and Galaga player and he never played a video game that like the year two thousand and I just think that if it was if he was at this age, he would just be a gamer his entire life probably right, right. So I want to wrap up this show soon. I know you got another meeting to go to in a little while. But I want to give you one final chance to plug RSM plug your own personal things. What do you want people on the lookout for as Esports grows? And you know, we have a lot of people in the E Sports industry. Why would you love them to work with RSM and work with you folks trying to build out there a sports strategy. Yeah. I mean RSM as a whole there are not a lot of accounting professional firms that are putting this much time dedication and focus into the video gaming a Sports World. So what I'd love more people to know is the fact that this is not a a sector that we want to neglect..
Delaying COVID-19 relief could do lasting damage
"We are not going to hazard a guess here about what is going to happen with negotiations on an economic relief bill the negotiations that the president shutdown yesterday afternoon, and then tried to restart piecemeal. Last night what we are going to do is deal the facts as we have them now, which is that there are no negotiations and as far as anybody knows, there is no help coming for this economy till after the election and maybe longer. So that being case two stories today on that topic, and then a political insight marketplace's Mitchell Hartman gets going with story number one the. Big Picture. Back, in March Washington sent three trillion dollars coursing through the economy's veins. One of the biggest infusions was six hundred dollars a week in extra unemployment payments to more than twenty million jobless Americans that expired midsummer and George Washington University economist J Shamba says the amount of cash going out to laid off workers cratered it fell from one hundred, ten, July two, thirty, four, million dollars in September. So there's this massive drop off to the economy and also to the most vulnerable households those twelve hundred dollar relief checks from the spring have been spent with most of the federal pandemic relief now gone. Slowing retail sales and personal spending Joseph Bruce. RSM Consulting says. A quarter of small businesses have closed. He predicts without more federal support including lending to small businesses more will fail and state and local governments won't be able to keep teachers and other essential workers on the payroll says Michael. `grats. At Columbia Law School. The loss of civil service jobs will disproportionately affect minority because they've been hired into those jobs. Bottom Line says Dan North at credit insurer, Euler Hermes, North America. Okay. Let's say we don't have a stimulus package. The economy gets pretty severely damaged in the short term probably for five years to get back on. The burden falling to families that are running out of time and money says Columbia's Michael `grats people are facing eviction. Difficulty paying for food and lodging. This is a desperate situation. One that the chaos in Washington isn't making any
"rsm" Discussed on QA Selling Online
"Into your brand ensues into your business. The gives your logo meaning gives your kid's life meaning. So it's it's so much more than just oh, what advocate ass logan my business is gonNA. Go beserk was bring this to Sean team. Sell, just sell the idea with the long. Yeah I. Love that analogy the kid the way the way comes we don't we can't influence that. But in the way he grows or the way people get to know the brand that we can influence and then I wanna go back in touch on something when we talked ecommerce revenue engine, you mentioned something that a lot of people either forget or don't even know about when they're starting out with ECOMMERCE in that's. Lifetime value lifetime valuable customer, a lot of people neglect that when it comes to, for example, cellular. Amazon there's a lot of new sellers that start overnight. And that's one of the things that has never measured for new seller is what's the lifetime value of this customer because if you have subscribe and save? I have no problem and we go in we measure these stats, right so if this customer wheel have on average five purchases with their subscribe and save so we measure the value of that purchase and I know that on my first one I broke even or I may have lost a little bit what with the average of the five purchases I'm gonNA profit on the next four so. My. Return about spend an Amazon's called a C. O. S. advertising costs themselves. Let it go a little bit high because I'm capturing. Right let's say seven percent of them. Go into subscribe and save get those seven men break. Even let it break even right. Absolutely, in such a isn't that such a liberating feeling though it because if if your return Aspen Review your e Costco's too low, you're not really sweating it 'cause you're going wait as I know my threshold. 'cause sample exactly. The same they they go on cost of sales is going like beserk it's like, yeah. But if you knew your light your average lifetime value in other words, it's not just over this pocket of customers. It's no no no you're looking at either projecting out because you're new store or you've been around for at least a year, you've got twelve months of data there. You can look back and go listen man my average lifetime value is like. Six hundred bucks. If my let them value six, hundred bucks per customer 'cause it's averaged out then guess what if I come in and I managed I know then my threshold for breaking even isn't twenty bucks anymore. I can actually spent forty I can spend sixty. Coming back. That's so liberating because then you don't have to stress about that stuff, and now you're advertising has so much more five. Exactly that's why I love to focus on telling people know your numbers in knowing your numbers is not just knowing that you may fifty bucks, but it costs you forty that's not it. You need to know all the numbers that in the future, this seven percent or eleven percent of these people will buy again, and if you know that you know how much you can spend to acquire more and more customers and there's nothing wrong of breaking even or often we lose money. Often when we're launching something new, it's just part of the launch you WanNa gain customers and. Lifetime value. Absolutely in for those for those listening watching the want to. Get nerdy about that, and do a bit more research I highly read. This is what watch me onto my journey healthy recommend researching the RSM model recency frequency, monetary value, the RSM RSM model. If you do a deep enough search on Youtube.
Unemployment is bad, but we dont know just how bad
"We begin today unemployment and I'm GonNa hit you with a bunch of numbers tomorrow morning the Labor Department will release its employment report for July the June report showed that nearly eighteen million Americans were out of work this morning we learned that just shy of one point two, million people filed for first time unemployment last week they joined the roughly thirty million Americans who are already claiming unemployment benefits. So eighteen million, thirty, million, thirty, one. And two how many unemployed Americans are there right now other than you know a lot we asked marketplace's Mitchell. Hartman to crunch the numbers. Let's start with those unemployment claims economists like this number because it's up to date and reflect the actual number of claims states process last week says Joe Bruce, Willis RSM consulting all of the people who were receiving some form of unemployment benefits, and that's north of thirty one, million people on the other hand. The Labor Department's monthly jobs report for June pegged the number of unemployed Americans at just under eighteen million. But that's likely low ball right now says at least Gould at the Economic Policy Institute to be counted as unemployed, you have to be actively looking for work, but in Cova Times, there are many people that are not actually looking because they are taking the advice of the health experts in this country maybe they're caring for children right now who schools have been closed former. Commissioner Eric Griffin has her own formula for counting total unemployment right now, what I've been doing is adding up all of the people whose jobs have been disrupted the bulk of them probably pandemic of recession related including those waiting to be called back from furlough and part timers who want fulltime work she comes up with twenty five million. Back in February before the pandemic hit one, hundred and fifty, eight, million Americans had jobs. So about one in six of them don't now I'm Mitchell Hartman for
"rsm" Discussed on Go Beyond Disruption
"My name is dame effort I'm a partner with RSM or ahead up the security privacy practice nationally. My background stems heavily from the technical side of the House with most of my life being spent in incident, response, penetration, testing or security monitoring and my role on today's call. It's GonNa. Be a little bit interesting. I'm here more to bring some war stories and a little spice to the stories great. Thank you Audrey Damien. So let's kick off with some of those storytelling exercises, because typically that resonates with the audience and members. Damian. Can you share some insights as I know? You've spend countless hours in that technical role that you mention as well as incident response during the past few months, absolutely and again the point of the war stories while they're there to educate news. It's also help frame the issue that we're talking through today. We'll be talking through example incidents that were working right now within clients, it does lay out the issue in a way where a lot of organizations have not thought through where they can be exposed in the area when it comes to managing their data the first example. Example I'm going to be used is GONNA be on the pure cloud side based on the Kovic. Situation similar many organizations. We had a client that had to rapidly change their remote access procedures. In this case, it was very well controlled very well, thought of the organization was very very confident in their approach to the situation, the IT group was heavily involved so as the audit and compliance and legal groups, and they were going through and going to assess a variety of cloud solutions that we're going to be candidates for the organization to move over data processing internal processing..
"rsm" Discussed on Behind The Numbers
"About you or the firm shore, so my phone number that you can reach me at is two, one, five, six, zero, seven, three, six, seven six, and then by email you can reach me at sue. Dear, DOT condescend -I at RSM US dot com great I think we have about three minutes to go in the program. Time always flies here. I! WanNa just kind of conclude the conversation with maybe some of your advice for the middle market companies that you serve day-to-day challenges and opportunities as you look down the road in your crystal ball yeah. I think. You know that. Don't overlook the war on town that you mentioned earlier is we find that there are still opportunities for high-performance out there. And even if things are slower now, you have to keep your focus on employee. Because what you do now, they will remember. When things pickup. Opportunities Open Up. They're going to reflect on how they were treated and the compassion they were shown and. It's going to go a long way because I. Warren Town isn't GonNa. Go anywhere. It maybe just a lull. Smiling because not only does that resonate but I actually think I wrote words very similar to that. Published at the beginning of the pandemic so that that really touches home here. The other area to focus on his technology right and We have seen that the busiest group in our in our firm that has not slowed down as our technology consulting practice, helping companies move things to the cloud. It could be standard office applications like Web. Mail your intranet. things like that or it could be our system. No, I think you're going to see that. Continue to happen. And you need to do it in a smart way. There's a lot of technology groups out there make and software vendors who make promises right and really understanding. There's two. Different versions of the cloud different versions of support different service level agreements out there. You Really WanNa. Make sure you're a. you're making the right choices, and while this is accelerated. It when this all comes down. You WanNa rethink what you did. Because the decisions you make in haste in Russia in an emergency, you want to reflect on that and see okay this the best vendor or a situation. We want going forward. Good advice, thank you so much for joining us today. And sharing your insights with the audience very much appreciated it. Thank you Dave I. Love, the opportunity to speak here and had a lot of fun and. Good luck to everyone out there and hopefully we'll have you back again sometime in the near. We've been talking today with city or condescending. WHO'S THE MANAGING PARTNER OF PHILADELPHIA? Office at RSM and very interesting insights here today on business, continuity and leadership in the normal. My name is Dave bookbinder. If you've enjoyed the program, please hit the subscribe button or whatever you're watching or listening, so you stay up to date on all that we're doing here behind the numbers until then take everybody stay.
"rsm" Discussed on Behind The Numbers
"So. I myself I'm a consulting. Principal I focus in risk consulting specifically technology risk. So I lead the risk practice for Philadelphia. I lead it risk nationally. As you as you said I'm also the office managing partner vote, Office and lastly I'm currently serving on the board of directors. That's an elected position for your term just like the president. And I'm in the second year. My four year term great. Thanks for that lot of hats that you wear a lot of hats. I want to start with risk management you. You were going to be my guest right before we went into self quarantine. and the majority of the topics we were going to discuss or Germane to this conversation today now we have a little bit of hindsight. Be Able to apply here, but WanNa talk about your background, so it's risk management, and we're GONNA be talking business continuity, but maybe just to set the frame help the audience understand the difference between business continuity and of traditional disaster recovery, right? That's great question so disaster recovery generally. Focuses on the systems right? How do we bring our systems back? How do we bring our locations back right so if you think about it if you were a a major department store, how do you bring that the retail applications back so that you can you know? Take Payments Credit Card payments that sort of thing, so it's really focusing on the back end databases that computers the user applications etc right. But it's it doesn't necessarily focus on the business processes, right and the activities. That you would need to do to operate a business so a great example. One of our clients is a broadcasting company similar this right and How do you deliver the news? The nightly news in? Event of disaster, so it's not enough that your applications are working in your data center has cut over But where are you actually going to do the news? How are you going to get the people? The broadcasters to the station or the temporary station? Do you have all the equipment? Do you have connectivity to? The to the networks, do you? Can you get your reporters out in the field, so there's a lot of other things to take into account. In, a business continuity situation. We actually had this discussion last week at our board meeting. What happens if we don't have a quorum for the board? How do we make decisions? How can we vote? If we don't have access if If people are ill right and the pandemic, so there's a lot of other elements. That take into account with business continuity, so no one could have necessarily have foreseen. What ultimately transpired in the way over nineteen is impacted the world. But. Could business. Owners have anticipated being able to handle the continuity that would have been required in these kinds of circumstances. You know it's funny. You say that because as part of the audits that we do internal audits. One of the aspects we look at when we review a business continuity plan is pandemic planning. And it is something that. Is often overlooked, and maybe they have a cursory few paragraphs in their business continuity plan about pandemic. And it's oftentimes a finding. We site that you're pandemic. Plan has to be more thoroughly adapted. How are you going to deal with a remote workforce? How are we going to deal with the workforce? That's. Ill. Could be worse right? Half the workforce could be, and we often get pushed back for management on that. I don't foresee US getting pushed back on this going forward. Because, they think that's such a out of the you know round possibility of a nationwide let alone a global pandemic that would affect our workforce. We get easily adapt to that and. You know it is something that companies have to look into we have seen. Many companies struggle with remote workforce. Their infrastructure is not built for it. They're not able to send Li. Go from twenty percent of the people working from home to one hundred percent. Can their. Technology. Keep up! How do they manage people's laptops breaking? How do they know that users at home have sufficient bandwidth? To be able to do conference calling right, so there's a lot to take into account with pandemic planning. And Said Board meetings. Virtual Board meetings virtual executive meanings. You know things like that. Are you able to do that so? simply paying the bills. Yeah, processing payments, you know. We have. Some people sending US checks, so we have quickly converted them all and begged. Our clients don't send US checks. Wire. Transfers Ach readdress. Invoicing, you know, we had some invoices by mail. That's pretty much done now. Like everything's gone out, you know we email so. Those certain things you need to have in place beforehand. Yeah, it sounds like you've got a checklist, and it's an extensive one, and there'll be more things that will be adding to that checklist. No doubt as this thing continues to unfold, but let's talk just little bit more about managing the remote workforce as part of a national practice like RSM. To some degree, you're working with remote employees anyway, and there is a challenge working with people in different cities where you're not necessarily seeing them in interacting, but. But. What what's been your findings so far either internally or with your clients about this remote workforce? And how do you keep people engaged and our leaders responding now this new normal? Yeah, so one thing we've that benefited from is we generally have people out in the field all the time right so whether they're working from home or working at a client say they're out and about so our technology is held up remarkably well right so they teleconferencing our email access to resources on on our networks. have. That's all held up very well. Where we've had some struggles, certain lines of business tax the tax people are used to coming into the office, right? They're not while they do. VISIT CLIENTS SITES TAX. Preparers are used to coming in. They have multiple screens as you imagine, they're doing with client information and the different tax forms. So rebuilding that infrastructure in their home has been a challenge rate having three monitors they don't have to. They have three monitors. So, that's been a challenge You connectivity to employees while they're remote. They're not by themselves, right. They're generally working in teams. And there is an element of just come rotary and going out to lunch with each other and connecting with each other is been a challenge. Working Parents of young children very challenging. Being able to get a full workday in while you're six year old is bugging you for snack and you have to help your eight year old with their homework right? Yeah, that's been very difficult. I'm lucky. My children are older. They're independent, right, they're they're teenagers. We they go do their own homework their own lunch. They're fine. But for those parents it's it's been a challenge and.
"rsm" Discussed on WIBC 93.1FM
"We're getting out of Indiana sports dot Greg Rakestraw from the I. as C. sports network filling in for Bobby is your brand insignia Brad he we will have the show together next weekend I've got one more coming up towards the end of July July twenty fourth I think Bob is back as of July thirty first to begin season number twenty seven of Indiana sports talk now we had will has to get on the program about a half an hour so talking about the PGA tour we we just talked about kind of the top of the leader board of the event Brandon Saad is eighteen under par there is one in Indiana native that made the cut this weekend out of four that started the weekend Adam Schenk Patrick Rogers Bo van pelt all missed the cut which was a relatively high when you had to shoot four under or better over the first two rounds determined to be able to play on both Saturday and Sunday Tyler Duncan of Columbus and Purdue University played at Columbus north high school to Tyler outstanding high school golfer as he was a college golfer to get taller guy already has a win this year on the PGA tour dating back to last November down in Georgia the RSM classic show to some degree kind of playing with house money he does have his tour card for the next couple of years set up well right now he's in the top thirty as far as the FedExCup points race is concerned after a six under seventy five R. six under sixty four in his opening round on Thursday he's played a little closer to par the last couple around even par yesterday one a day so he is eleven shots back and lead he is tied for thirty fifth so he's going to be in the money probably not racing for the are competing for the the title at the travelers championship in Dhaka just outside of Hartford Connecticut over the course of action tomorrow if you want to be watching live sports PGA tour is a good bet tomorrow obviously all things NASCAR that are taking place at Pocono with the truck series the Xfinity.
The big problem for small business? Finding qualified people to hire
"Start today. Exploring feelings specifically how small business owners are feeling about the economy. They had a more positive. Take on the future Chur in October compared to September. That's according to a monthly survey from the National Federation of Independent Business responded said they are making capital investments and raising raising employee. Pay or at least planning to but their number one challenge finding qualified people to hire marketplace's Sabrina Benesch or has more on. That things are looking up at clean choice energy that we're hearing really optimistic about Where every now and the next eighteen months or more more Kate Kohler is chief staff at clean choice? It offers renewable energy sources. The company has thirty percent more employees than it did last year but she still has a dozen in positions to fill it is really the stiff competition and the candidates were interviewing or intervene at other firms is well nearly a quarter of businesses in the survey said. Their top concern was finding qualified. People either to grow the business or even just to maintain it. According to Joe Galvin Chief Research Officer for Advisory Advisory Firm Vestige. Chances Are you're higher replace. Some of you left your organization to go somewhere else to attract people clean choice. Energy is focusing on its green ethos off Every organization able to offer thirty percent of small firms said Dave increased compensation to attract workers Rebecca Hamilton co-ceo of WS Badger. It makes organic skincare products. She says the companies increased pay and benefits. We have an in house daycare center so we have flexible. WHOA hours? You know the onsite gym say Yoga classes on say Akito the NF Ibiza. Small businesses are paying for higher compensation with higher sales in savings things. Joseph Bruce Willis chief economist with consulting firm. RSM isn't sure sustainable. They're willing to offer more compensation but attended today. Were likely not to because of they slowing economy and a contraction and probably Bernie trains in other words. Small businesses can afford to fight over talent as long as consumers. Keep buying in New York. I'm Sabrina sure for