Chandler Reed
@ChandlerReedSMB
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I buy and operate SMBs. Helping people buy their own https://t.co/qwmSKjQyfX
Tampa, FL
Joined May 2020
If you want to buy an SMB in 2025. SMBootcamp is your best chance. Learn more + apply in my reply
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@_MLFootball @nflrefstats1 @BuffaloBossBabe @NateGearySports @BradleyGelber @lisaunger_716 @buffalobillsbae @wufosports @AjayCybulski Would be nice to see Jawaan Taylor get called for at least 1 of his 60 false starts per game.
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SMB acquisitions are the most powerful wealth-generating vehicles on earth. Yet only 1% of people know how to buy one. So here's a playbook anyone can copy (with $0 down to boot):.
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The ultimate goal of business:. Passive ownership. Yet most Owners work 80+ hours a week!. That wasn't my plan when I bought my SMB. so I spent the last year processing myself out of a job. Here's what I've learned:.
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I bought my first SMB at age 25 with no management experience. One of my toughest challenges?. Employee compensation structures. So I spent over 3 months researching them. Now, I use the same one for all of our employees:.
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There is nothing more ironic. Than a PE Associate on a $200k salary. Looking down on an electrician SMB owner making $400k a year.
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I bought my first SMB one year ago today. The last 12 months were absolutely insane:. - 4x'd revenue .- 3x'd employees.- 2 new project types.- 3 new client industries. Safe to say. I learned a lot. Here are my top 7 takeaways after year one:.
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The #1 shortcut to wealth:. Networking. Not the awful industry conference type. But the type that made me a multimillion-dollar business owner at 26. Here's my playbook:.
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I bought my first SMB at age 25 with zero management experience. One of my toughest challenges?. Employee compensation structures. So I spent over 1,000 hours researching them. Now, I use the same one for all of our employees:.
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I bought my first SMB 15 months ago with zero operating experience. One of my toughest challenges? . Employee compensation structures. So I spent over 1,000 hours researching them. Now, I use the same one for all of our employees:.
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Over the past 18 months, I took the SMB I acquired from $890k to $4mm in revenue. What surprises most people?. I only made 3 changes:.
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There is nothing more ironic. Than a PE Associate making $300k a year. Looking down on a plumber SMB owner making $500k a year.
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How to get in on the largest wealth transfer in history (yes, you're in the middle of it). 7 things you need to know:.
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My favorite sites to buy an SMB or Online Business off:. • Axial . net.• Tresle . com.• Flippa . com.• BizBuySell . com.• WithKumo . com.• BatonMarket . com.• MicroAcquire . com.• BuyAndSellABusiness . com. Who's bought a business through one of these?.
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There is nothing more ironic. Than a PE Associate on a $200k salary. Looking down on an electrician SMB owner making $400k a year.
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I bought my first SMB at age 25 with no management experience. One of my toughest challenges?. Employee compensation structures. So I spent over 3 months researching them. Now, I use the same one for all of our employees:.
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Best sites to buy SMBs + Internet Business:. • Axial . net.• Tresle . com.• Flippa . com.• @withkumo_.• BizBuySell . com.• MicroAcquire . com. Who's actually bought one off this list?.
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My favorite sites to buy an SMB or Online Business off:. • Axial . net.• Tresle . com.• Flippa . com.• BizBuySell . com.• WithKumo . com.• BatonMarket . com.• MicroAcquire . com.• BuyAndSellABusiness . com. Who's bought a business through one of these?.
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Today I learned Grant Cardone is a Scientologist. Everything makes sense now.
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My SMB cold email stack:. • Inboxy.• Mailshake.• Quicklines.• KleanLeads.• 2nd Domain. All in <$500/mo. Already generated $450k in potential projects in ~2 months.
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Hot take:. An MBA doesn't prepare you to own and operate a small business. The management techniques you learn about Microsoft and Coca-Cola won't really help you grow a $2 million local service business.
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Massive win today. Come Monday, I'll officially have paid off the seller note (earnout) from my SMB acquisition. Meaning my partners and I will own our business debt-free. Would've taken us ~5 years to pay the balance with the minimum payments. And we got it done in just over 2.
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You want to live where the Starbucks bathrooms look like this
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We're in the 1st inning of the largest wealth transfer in history. (Yes I'm serious). Want to make life-changing money?. Here are the 7 things you need to know:.
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Stop spending time looking at bad SMB deals. Use Financial Model Template to quickly identify the good ones. Previously reserved for SMBootcampers. Today you can get ours for free. Like and comment ‘model’ and I’ll DM it to you
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@_MLFootball @JackMacCFB @Blain_Crain @JakeCrain_ @SSN_Seminoles @FSU_Barstool @SPEARATICS Get ready to learn Canadian, buddy.
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Networking 101:. 1. Provide value.2. Don't be weird. That's literally it.
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Best sites to buy SMBs + Internet Business:. • Axial . net.• Tresle . com.• Flippa . com.• @withkumo_.• BizBuySell . com.• MicroAcquire . com. Who's actually bought one off this list?.
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The #1 question I get these days:. "Where can I learn more about SMBs?". So I made a list of my go-to books + podcasts:.
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SMB VAs 101. Over the past 5 months I've outsourced 33% of my SMB's employee headcount to VAs. Want to know a secret?. I use the same VA hiring framework every time:.
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Mindset of every successful SMB Owner I know:. "I'll figure it out".
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The ultimate goal of SMB Ownership:. Zero day-to-day role. Yet most SMB Owners work 70+ hours a week!. That wasn't my plan when I bought my SMB. so I spent the last 1.5 years processing myself out of a job (actually 7). Here's what I've learned:.
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Stop spending time on bad SMB Deals. Use this "Back of Napkin" Financial Model to quickly identify the good ones. Previously reserved for SMBootcampers. Today you can get it for free. Like + Comment "model" and I'll DM it to you
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MBA who just purchased a business calling the previous owner for advice on Day #1 in the field
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The best sites to buy an SMB or Online Business:. • Axial . net.• Tresle . com.• Flippa . com.• BizBuySell . com.• BatonMarket . com.• MicroAcquire . com. Who's actually bought a business through one?.
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SMB VAs 101. Over the past 18 months I've outsourced 37.5% of my SMB's employee headcount to overseas VAs. Want to know a secret?. I use the same VA hiring framework every time:.
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SMB acquisitions are the most powerful wealth-generating vehicles on earth. Yet only 1% of people know how to buy one. So here's a playbook anyone can copy (with little $ down to boot):.
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When the Ivy League MBA gets his "hands dirty" in the service business he just bought
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If I could restart from 22:. 1. Remote tech sales job.2. Build online side biz in free time.3. Build side biz to 2x main job income.4. Quit main job, automate online biz.5. Buy a cash-flowing SMB .6. Process myself out.7. Profits -> 25% BTC 25% ETH 25% SMBs 25% RE. Repeat from 5.
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TL;DR. 1. Remember names.2. Immediately follow up.3. Provide unsolicited value.4. Always say yes to the first ask.5. Never ask for anything, only explain.
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Typical sources of funds for a $4 million SMB purchase:. SBA Loan: $2,800,000 (70%).Investor Equity: $600,000 (15%).Seller Note: $500k (12.5%).Buyer/Operator Equity: $100k (2.5%). You don't need $4 million in cash to buy a $4 million business.
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If you’re young, employed, and want to get wealthy:. Don’t put a single $ into your 401k over company match. You need as much dry powder as possible to learn skills and build/buy assets today.
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We know what type of SMB we want, but where do we find it?. Local brokers are a great starting point. There are also a ton of online sources:. • Axial . net.• @withkumo_ .• BizBuySell . com.• MicroAcquire . com. But remember: the best deals are typically off-market.
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Your employer will eventually screw you over. Passed up for a promotion, forced to miss an important family event, shorted on a bonus on a down year, etc. It 100% will happen. You can either fight back through entrepreneurship. Or live with it until the day you retire.
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The ultimate goal of SMB Ownership:. Zero day-to-day role. Yet most SMB Owners work 70+ hours a week!. That wasn't my plan when I bought my SMB. so I spent the last year processing myself out of a job (actually 10). Here's what I've learned:.
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Shane Gillis in Tampa last night. Hardest I’ve laughed in a long time.
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My investment thesis for next 15 years:. 1) acquire then digitize cash flowing analog businesses. 2) create online businesses to solve problems discovered in 1). 3) repeat.
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How my SMB will make $2.4mm from cold email. (feel free to copy).
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Did you miss our SMBootcamp Webinar on Financial Modeling?. No worries, we got you!. Like + comment "Financial Modeling" and we'll send you the webinar recording AND our financial model template.
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1. Build To Sell. Even if you never intend to sell. You need to make your business sellable. This means ZERO day-to-day role for you. A sellable business gives you ultimate freedom. This is why we get into entrepreneurship anyways!.
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Quickest way to go bankrupt in ETA?. Miscalculating (or worse, not knowing!) your deal's working capital needs. To help, we created a Working Capital Calculator. Typically reserved for SMBootcampers, today you can get it for free. Like and Comment "WC" and I’ll DM it to you.
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You will not out-hustle my VAs patrolling multifamily transactions LinkedIn:
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@seandsweeney Look up Knees Over Toes Guy on social + YouTube. His stuff will bulletproof your knees.
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2) Quarterly vs Annually. Annual bonuses hold employees hostage. Our 25% bonuses are paid quarterly to ensure motivation throughout the year. It also reduces churn during our busiest time of the year, Q1, when many employees traditionally get their annual bonus and quit.
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The #1 question I get these days:. Where can I learn more about SMBs?. So I made a list of my go-to books + podcasts:.
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31 straight days of lifting or 30min cardio. Let’s make it 365.
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The #1 shortcut to wealth:. Networking. Not the awful industry conference type. But the type that made me the owner of a multimillion-dollar SMB at age 25. Here's my playbook:.
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There is nothing more ironic. Than a PE Associate making $300k a year. Looking down on a plumber SMB owner making $500k a year.
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My SMB's 2023 Cold Email Rev. Projections:. - 130K Cold Emails Sent. - .625% Booked Call Rate = 812.5. - 80% Show Rate = 650. - 20% Viable Bid Rate = 130. - 33% Bid Win Rate = 43. - 43 Bids Won * $64k Avg. Bid = $2.75MM Rev.
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1) Base + 25%. Our employee's base salaries are typically less than market. But with a 25% bonus, they get about 15% over. My hiring motto: hire fewer, pay more. I'd rather have 5 highly motivated, highly compensated employees than 10 unmotivated, poorly compensated ones.
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5. Executive Chairman Mindset. Build your business with the intention of becoming the Executive Chairman. You will listen in on meetings, give advice, and provide leadership. You should have zero action items leaving meetings.
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2. Don't Multi-Business. Advice for serial entrepreneurs:. Stop running multiple businesses. CEO is an active 60hr+ weeks type of role. Stick to one biz, process yourself out, then start the next.
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@CoFoundersNik She has a very impressive story, and love to see women crush it in entrepreneurship. But good grief spare us on the “is it because she’s a woman?” angle (obvious why it was included). Her 400 stores are located in just 7 states, all west of Texas . Over half the country has no.
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From our @SMBootcamp_ Back of Napkin Deal Model showing a standard Self-Funded Searcher Deal. We use this to quickly analyze potential deals before spending too much time on them. Want to use it yourself?. - Reply "Model".- Like + RT this.- Follow me. & I'll DM you
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Charleston trip tomorrow - Thursday. Meeting with the biggest potential client in our industry at their HQ. Will be a life changing trip if all goes according to plan.
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4. Kill Your Ego. You're afraid to delegate because you're afraid to give up control. Kill your ego, find great employees, and let them do their thing.
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If you don't have kids, you should be taking massive risky swings for the fences.
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Tomorrow begins my 13-day Euro trip to:. - Capri.- Positano.- Rome.- Amsterdam.- London. I've never been to Europe before. Hit me with your must-dos + can-skips.
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Announcing the SMBootcamp Webinars Series. Join Sam Rosati and I as we go deep on the most complex yet critical topics all self-funded searchers need to understand to successfully buy an SMB. Upcoming Webinar Schedule:. • Tues October 15 – Financial Modeling.• Thurs October 24.
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First, why bonuses?. Flat salaries foster mediocrity, straight up. You'll never get the most out of any employee without bonuses. Every employee needs a level of variable compensation tied to their performance, even the most entry-level positions. Now let's dive in:.
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Increasingly convinced that health is the highest ROI investment out there:. - Saunas.- Massages.- Cold Plunges.- Organic foods.- Gym memberships. What else am I missing?.
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Someone way dumber than you searched and bought an SMB before you did because they were too dumb to overthink it.
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Got drinks with a super sharp 21 y/o college junior and coffee with a recent graduate former D1 football player this week. Both asked me for advice on life/career. Told them both to subscribe to @BowTiedBull newsletter, read their three ebooks, and that the rest was up to them.
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You say you're an SMB Owner?. Chances are you actually own a job, not a biz. And unfortunately jobs are worthless if you ever want to sell. I've spent the last 14 months working towards biz owner status (0 day-to-day role in my SMB). Here's my 4-step process to do so:.
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My game plan for next 10 years: . 1) Take internet native industry techniques.2) Apply them to cash-flowing old industry SMBs.3) Secure generational wealth.
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Underrated SMB valuation metric:. Look up the current owner's house.
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Got to Delta Sky Lounge 5 hours before flight. Front desk tells me I can only access 3 hours before. I ask if they can make a one-time exception. They say alright… but just this once. You can break most “rules” by asking (with a smile of course)
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Big news, ETA Folks:. The inaugural @SMBootcamp_ Digital cohort is launching on January 30th, 2024. It's taken @Sam_Rosati and I almost a year to thoughtfully bring this to life. Our 6-week bootcamp delivers everything we teach at SMBootcamp Live, with the convenience of.
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3. Be Like Buffet. Berkshire has over $211 billion invested across 60+ companies. Warren Buffet would never have achieved this scale as a CEO. Instead, he's a passive owner, letting his businesses work for him.
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Typical sources of funds for a $4 million SMB purchase:. SBA Loan: $2,800,000 (70%).Investor Equity: $600,000 (15%).Seller Note: $500k (12.5%).Buyer/Operator Equity: $100k (2.5%). You don't need $4 million in cash to buy a $4 million business.
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I bought an SMB having 0 management experience. Safe to say. I learned fast. Today, I manage 7 employees, with plans to 2x this year. Here's 3 management tips I wish I knew sooner:.
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