S1:E27 Michael Vann & Alvin Clayton I Of Taste and Style
Corner Table Talk
Often people remark how they would love to open a restaurant and from the outside looking in, there is an understandable appeal. After all, having a home court to greet old friends, meet new ones, celebrate special occasions, and moving around the room in charge, can look glamorous at times. But behind-the-scenes, what does it take to be a restaurateur operating at a higher level? This week's guests, Michael Vann and Alvin Clayton , both restaurateurs, self-made, and with careers in the fashion industry, provide a glimpse into the world of hospitality from a restaurateur's point of view. After working as an executive with Lord & Taylor in New York City, Chicago native Michael Vann pivoted to the hospitality industry starting as general manager at B. Smith's restaurant, working with the legendary B. Smith in the late 80s. From there, his entrepreneurial spirit inspired him to develop, own and operate several restaurants in New York City including the renowned Shark Bar, serving upscale soul food in the 1990's. Michael is currently in the process of establishing new locations for his most recent concept, Smitty & Mo's, a very popular fast casual restaurant. Alvin Clayton is a Trinidad-born restaurateur, artist, and model. He and his wife, Gwen, are the owners and operators of the award-winning Southern and Caribbean restaurant, Alvin and Friends, located in New Rochelle, New York. Alvin's restaurant career started in the famed and ground-breaking Los Angeles restaurant, Georgia, helmed by Brad Johnson which had several celebrity investors including Denzel Washington, Norm Nixon, Debbie Allen, and Lou Adler. Alvin is also a self-taught artist whose work exudes bright, bold colors of life in the African experience. His work has been featured in the Smithsonian Institute of African-American Art, several films, and most recently, a virtual political show, Unapologetically Me. Among his art patrons are Ken and Kathy Chenault, New York University, Denzel Washington, Blair Underwood, Hill Harper, CCH Pounder and Lorraine Toussaint, to name a few. Alvin has also had an illustrious modeling career and recently signed with the world-renowned IMG Models. In this episode, with decades of experience in the same industry, host Brad Johnson sits down with Michael and Alvin to discuss their journeys, how they started in the hospitality industry, what made being a restaurateur the right fit for them, how they find the strength to carry on during trying times, what direction they are taking going forward and the future of the industry. Join us! * * * Please follow @CornerTableTalk on Instagram and Facebook For more information on host Brad Johnson or to join our mailing list, please visit: https://postandbeamhospitality.com/ For questions or comments, please e.mail: email@example.comSee omnystudio.com/listener for privacy information.
Ep #76 - Business Succession Planning With M&A Expert Michael Vann
Grow Money Business with Grant Bledsoe
The succession of a business or exiting from a business is an important and intimate event most business owners will have to plan at some point in their journey. We dedicated today’s episode to exploring what business owners should think about when planning their succession or exit, even if they don’t anticipate it anytime soon. Today, our guest is Michael Vann, an author, certified scale architect, and the president of The Vann Group LLC. Throughout the episode, we explore the process of succession, how relationships and emotions come into play, how taxation applies to succession, and what Michael has learned through his extensive experience in the mergers and acquisitions market. [01:35] Michael’s Background – We start the conversation with a brief review of Michael’s background, from being in the corporate environment to working on his father’s business. [04:51] Acquisitions – While working in the corporate world, Michael gained lots of experience in acquisitions. He shares some of the important strategic planning points of acquisitions for buyers. [10:21] Family Business – Once Michael left his corporate job, he started working on his father’s business. Michael talks about the work he did there and how the business evolved under his influence. [15:44] Business Transitions – Michael’s family business has been going through a phase of transition from his father to Michael and his siblings. Michael dives deep into the process of transitioning and the emotional aspect of it. [18:02] Process of Successions – The typical flow of business succession, deciding between different options for succession, and managing financial matters. [23:38] Relationship Dynamics – Business transitions may get a bit more complex when they’re between family members or people with close personal relationships. Michael talks about some of the obstacles that may come up in these sorts of transitions and how to overcome them. [27:12] COVID and the Industry – How the pandemic impacted Michael’s line of business and the new trends that emerged from it. [33:19] Taxation – Michael shares his take on how the newly proposed tax reforms may affect buyers and sellers in the mergers and acquisitions arena. [39:11] Michael’s Vision for Future – Michael dives into some of the possible avenues for his business to expand and grow, and some of the interesting concepts covered in the book Michael coauthored with his father. Resources: Michael’s Book: amazon.com/Buying-Out-Boss-Successors-Succession/dp/1544511302/&tag=authorhour-20 Website: vann-group.com LinkedIn: linkedin.com/in/michaelvann
Michael Vann (California State University, Sacramento) returns to the Infectious Historians (our first returning guest!), this time to focus on the biography of Alexandre Yersin, the Swiss-French doctor who discovered the bacterium that causes plague. The discussion covers Yersin’s biography from childhood, through his move to southeast Asia, his successful career and larger-than-life reputation - alongside the less palatable aspects of Yersin’s life. The conversation also touches upon issues such as Yersin’s entrepreneurship, his life as a European within a colonial context, and his personality.
#274a - Michael Vann gets REAL about Buying out the Boss
Be Real Show
Strategic and Transactional Advisor | Author | Licensed Practitioner of Predictable Success I am a highly motivated and driven Business & Transaction Advisor with a passion for the growth and development of high impact companies. I have a proven ability to advise my clients in a manner that results in growth and success. Using my knowledge and expertise, I am able to work with clients to develop strategies and solutions that build on a company’s existing foundation, unlocking its unrealized value. I have over 18 years of experience in both corporate and entrepreneurial settings. My day-to-day activities focus on serving as a trusted advisor to owners and leadership teams that require insight and execution of strategic initiatives and transactions such as mergers & acquisitions; the development of joint ventures & strategic alliances; the acquisition of financing and capital; and the launch of new business models & divisions. Industry agnostic, I have successfully worked in wide range of industries, including insurance/financial services, industrial/business services, manufacturing, and food & hospitality.
Today’s guest, Michael Vann, is a highly motivated and driven Business & Transaction Advisor at the Vann Group with over 18 years of experience in both corporate and entrepreneurial settings. He also works with clients in succession deals, including internal succession.Early Deal MakingInternal Succession DealsThe Buyers Don’t Always Know What They’re Getting In ToConversations with OwnersTrends in the M&A MarketBiggest Mistakes People Make Trying to Get Deals DoneListen to the DealQuest podcast today!Website: https://www.coreykupfer.com/LinkedIn: https://www.linkedin.com/in/coreykupfer/Facebook: https://www.facebook.com/CoreyKupferTwitter: https://twitter.com/coreykupfer See acast.com/privacy for privacy and opt-out information.
Michael is the President of The Vann Group, LLC. In this episode we discuss building your business to sell along with the many variables involved in that process and how you can set a path to maximize the sale of your business. Michael has over twenty years of strategic consulting and transactional advisory experience. A member of the Forbes Coaches Council, Michael focuses his efforts on helping owners build and realize their value by creating the framework for continuity and scalability within their organizations. His areas of expertise include strategic facilitation, succession/transition planning and mergers and acquisitions. He serves as a trusted advisor to the owners of companies who value his practical and personable approach and his ability to simplify complex business issues into an actionable plan. An industry generalist, Michael has successfully advised companies in a variety of industries including professional and technical services, insurance and financial services, construction, industrial services, manufacturing, and food & hospitality. As a transactional advisor, he has advised both buy-side and sell-side companies on transactions with enterprise values up to $50 million. Michael is the co-author of “Buying out the Boss: The Successors Guide to Succession Planning” which looks at succession and transition planning from the perspective of the internal acquirer. He is a frequent guest speaker on topics such as value building, succession/transition planning and selling a business.
Episode 28: The Great Hanoi Rat Hunt with Michael Vann
Michael Vann (California State University, Sacramento) talks to Merle and Lee about the arrival of the Third Plague Pandemic in colonial Vietnam that led to the Great Hanoi Rat Hunt. Michael tells the amazing and amusing story of how colonial administrators put out bounties for killing rats in an effort to stop the spread of plague, and the surprising results of that approach. The story sheds light on questions of colonialism, racism, and imperialism. Michael also talks about the process of turning his academic article into a graphic history and the public outreach and responses to it.
S1E48: How To "Buy Out the Boss" with Succession Planning expert Michael Vann
The John Chapman Show Podcast
John interviews Michael Vann, at the Vann Group, a strategic consultant that helps small and mid size businesses to build, maximize, and realize their full value. On this episode, Michael shares his insight into what it looks like for second or third generation family members to buy out a family run business. Michael shares the multiple stages of succession planning, and gives some advice for those who have opened "Pandora's Box," as he puts it. Be sure to check out their website or purchase Michaels new book on Amazon. Website: https://vann-group.com/ Book: https://www.amazon.com/Buying-Out-Boss-Successors-Succession/dp/1544511302See omnystudio.com/listener for privacy information.
The Employer Blueprint Podcast is excited to present Michael Vann! Michael is the President of The Vann Group, LLC, a multi-generational family owned strategic consulting and transactional advisory services firm. Michael focuses his efforts on helping owners build and realize their value by creating the framework for continuity and scalability within their organizations. His areas of expertise include strategic facilitation, succession/transition planning and mergers and acquisitions. He serves as a trusted advisor to the owners of companies who value his practical and personable approach and his ability to simplify complex business issues into an actionable plan. Michael is the co-author of “Buying out the Boss: The Successors Guide to Succession Planning” which looks at succession and transition planning from the perspective of the internal acquirer. He is a frequent guest speaker on topics such as value building, succession/transition planning and selling a business. To discover more about Michael and The Vann Group, LLC, be sure to follow one of the links below. www.vann-group.com www.buyingouttheboss.com Thanks for tuning in to this week’s episode of The Employer Blueprint Podcast. Be sure to subscribe so you don’t miss any exciting episodes in the future. Also please leave us a review wherever you find your favorite podcasts!