Two years ago on NYE, I went all-in on my dream of acquiring an existing business. It was anything but a linear or traditional path.
I had recently been accepted into the MBA program at Fuqua and was planning on continuing my path in healthcare leadership.
Struggle with financial modeling?
Want to see me model a real SMB acquisition?
Join
@whentheresawill
and me this Friday (1/12, Noon eastern) as we "live" model a self-funded, SBA-financed search deal.
Registration link in my bio!
Incredible full circle moment this morning.
Dan Angel, a
@SMBootcamp_
Live November ‘22 alumni, is back less an year later sharing his search + acquisition story.
He acquired Lodging Source, a commercial lodging logistics SMB, in September 2023.
Congrats Dan!
🗓️With the final post of my monthlong
#smb
#acquisitions
for
#newcomers
, I want to summarize our learnings into the top 10 pitfalls we've seen at
@privatemarket
since we launched in September.
Keeping these 10 "don'ts" in mind as you search can help maximize your outcomes:
You will change so much of what you buy. Even if you buy a kicka** biz.
But some things are unchangeable. Have to get this right.
Tried to hone in on this and more (below) last week when I was lucky to speak
@SMBootcamp_
Also, FL is great. Long FL, even if I never leave CA
This week marks 6 months of owning a small business. No regrets. It's very fulfilling and also very humbling.
But, there are some things that have been different than expectations that I thought to share:
There are bad people in life and you won't recognize them until it's too late.
They don't care about you and are motivated only be greed.
I have these conversations too often.
Here's what I'm getting at:
Sellers intentionally violate non-competes all the time!
More...
Second incredible full circle moment this morning.
Tyler O’Connor, a
@SMBootcamp_
Live May ‘22 alumni, is back sharing his search + acquisition story.
He acquired Bird Golf Academy, a golf instruction SMB, in August 2022.
(Less than 90 days from bootcamp!)
Congrats, Tyler!
Is your offshore team's motivation dwindling?
Offshore workers can be some of the most productive and loyal members of your team.
But just like any talent, you need to keep them motivated to produce results.
Here's how 👇
Headed to Tampa in a few weeks for golf and
@SMBootcamp_
So naturally hosting an SMB get together!
11/28 - 5:30 until whenever. Salt Shack. How good does this place look!? Early F&B on
@systemsixbooks
Come to talk operating, searching and all in between
Free. Link below
💥This video is a must watch if you want a closer look at investor economics in self funded search deals!💥
On Friday, I sat down with ETA giant
@Sam_Rosati
, who went above and beyond with a slide deck and a strawman search deal to illustrate investor terms and economics!
Self-Funded Searchers have a secret weapon.
@Sam_Rosati
calls it the Big 3, Second 2.
When utilized properly, Self-Funded Searchers can cut their search timeline in half.
Let me explain 👇
80% of
@SMBootcamp_
Searchers close in less than 12 months
Link to apply for our next Live Bootcamps in my bio
- March 13-15
- May 22-24
- September 11-13
- October 23-25
- December 4-6
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