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Episode 5: The Power of People: Exploring the Impact of Human Capital in Business Valuation with Dave Bookbinder

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Dave Bookbinder is on a mission to change the conversation about how the accounting world recognizes the value of people’s contributions to a business enterprise, and to validate what every CEO on the planet claims: “Our people are this company’s most valuable asset.” Working closely with business owners, CFOs, Controllers, and CEOs, Dave strives to build relationships that add value for the long term. He also serves as the host of the internet TV show and podcast called Behind The Numbersthe show that digs a little deeper to understand what matters most in business. 

Key Takeaways

  1. The traditional valuation process often overlooks the unique value of human capital, treating employees as interchangeable assets. 
  2. Effective leadership and strong employee engagement are directly correlated with improved business performance. 
  3. The pandemic highlighted the resilience and adaptability of employees, leading many leaders to embrace flexible work arrangements. 
  4. Businesses typically seek valuation services during significant events, such as mergers, ownership transfers, or disputes. 
  5. Business success hinges on building and maintaining strong relationships, both internally with employees and externally with clients. 

Timestamps

00:10 Host Introduction 

00:29 Guest Introduction: Dave Bookbinder 

00:55 Dave’s Background 

02:00 About Dave’s Book: The New ROI: Return on Individuals 

02:57 About Dave’s Podcast: Behind the Numbers 

04:03 Dave’s Approach to Business and What Sets Him Apart 

7:00 The Importance of Storytelling in Business 

10:00 Dave’s Personal Journey as a Single Father 

13:32 The Role of Human Capital in Business Valuation 

17:00 Impact of COVID on Leadership and Work Flexibility 

20:07 Who Benefits from Dave’s Services 

23:01 B2P (Business-to-People) Philosophy 

25:45 How to Connect with Dave Online 

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Connect with Dave Bookbinder

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