JB Mason
@JBMason_
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On a mission to build a better business brokerage after acquiring a 40 year-old firm (@okeeffeomalley). Previously: poker pro, early @doordash, mgmt consultant
Kansas City
Joined February 2011
I’m the owner of O’Keeffe & O’Malley which is a Mergers & Acquisitions Advisory firm in Kansas City. We offer full-service support to business owners seeking to sell their business and entrepreneurs searching for their next acquisition.
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Sarcastic fireworks going off in Kansas City after the Chiefs touchdown 🤣
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@KCmolzer @jonny_suds @DietCoke82 @2024dion @laughridge @NickFarquharRE @ImBmills @chris_stritzel Zach my man.
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@IndustrialTexas There has to be restrictions though. In my eyes the price in the LOI is the price unless things change significantly.
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@ElliottEHolland I’d prefer setting the parameters around a retrade and it being beneficial to both sides. What I’m ranting about is a provision worded in a way that makes it clear the buyer plans to retrade.
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@MikeBotkin_ Too funny. I do the same thing but on the other side. “You’re clearly planning to retrade if earnings dip. What if they go up?”
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@hybridathlete8 No way bro you’re not a real man if you can’t hit at least 300/400/500 AND weight 200+ lbs.. Just ask the starting strength guys they know best.
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This recycled calendly take is so tired. It’s not black or white. Calendly is an incredibly effective tool that is easier on both parties if used properly. Here’s what you say: “Please shoot me a few dates/times that work - or if it’s easier feel free to just use my calendly link.” (Hyperlink calendly link) Don’t use the above unless the concept of a meeting has already been agreed upon. Never send a calendly link if the person is significantly more important than you. Have some manners. Use your EQ.
Sending a Calendly link to someone offering up their time for free feels gross. So off-putting. Just ask when they’re available—it’s not that hard.
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@AlexMaisonDuCoq all you need to go from dorky dad to cool dad is a few cool accessories (watch, bracelet), solid grooming, and a fit physique (really just not being fat is good enough).
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I repurposed this post for LinkedIn and have 41K impressions. Now entering my LinkedInfluencer (TM) arc.
Great businesses do not sell to searchers. However, there are plenty of decent businesses available. Do not let great be the enemy of good enough. I had an awesome chat with @smb_search this morning on the importance of getting in the game. Let's dig in. 👇 "Great businesses aren't for sale" - @chrisxmunn This might piss off my fellow M&A advisors, searchers, and sellers.... but, Chris is right (to an extent). Great businesses have: - Operators running the day-to-day - $1M+ of consistent annual profits - Great sales and marketing These businesses will not sell to searchers for a few reasons: 1. Owner will never sell (biz prints cash) 2. It's too expensive ($10M+ valuations) 3. If sold, it will go to Private Equity (off market) So, if great businesses aren't available then what should searchers do? Get comfortable with "good enough" You probably won't find the perfect 10. You could find a 6, 7, or 8. For most people that is a perfect 10. Business is risk. At some point you need to accept the risk and get in the game. Do not search for 2+ years to find the perfect business (likely won't ever happen!). Instead, sprint to find a "good enough" business as fast as possible. Imagine two searchers starting on the same day. Mr. Fancy Pants takes 2 years to find the perfect business and eventually "settles" for an 8. Mr. Grinder finds something "good enough" in six months. The latter spends EIGHTEEN MONTHS learning how to operate while Mr. Fancy Pants is still searching. Who wins? I'd bet on the grinder. Within reason, just get out there and start operating.
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