🛩Flying feels like buying a business.
Joy, excitement, adrenaline, focus, fear, vertigo all at the same time 🤩🎢🙌🏻⚡️
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The Whale Shark has emerged and is taking over the SMB acquisitions world. A new breed of Business Buyer.
A thread 🧵
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Just a reminder that persistence and discipline pay off.
Don't give up.
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Controversial viewpoint: Most searchers on Twitter won't end up buying a deal. They lack the grit and determination that it takes to make it happen.
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SMB Twit I'm looking to invest in amazing operators needing equity for their acq in 2023, up to 7 fig investment. Also looking for at least one SMB acq of my own to add to our business. DMs wide open for pitches.
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[Business Owners]
Introducing the "Find and Hire a Top-Tier COO Guidebook".
• Video walkthrough
• The exact process I followed
• The criteria to hit before hiring a COO
Sharing it free for 36 hours.
RT & Reply "in" & I'll DM it to you! (must follow)
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Donald Trump's tax returns were released this morning.
Let's see what they reveal...
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A cheat code I wish I could teach my 18-year-old self...
The 4 Types of Luck:
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Forget a private jet.
Hiring a driver is the best ROI for your time.
I drive 25k miles/yr. 35 mph avg. That’s 700+ hours I could be a passenger in my car doing anything I want, disengaged.
Driver comp. seems to be $50-100k. Well worth even a few hundred hours of time.
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🚨🚨Urgent! Public Comments Needed🚨🚨
Independent contractors will be illegal under proposed regulations set forth by the US Labor Department.
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Next Thursday at 7 pm CST, will be hosting the inaugural "SMB Lounge" hangout. No agenda - discuss everything from sourcing to financing, random SMB BS. This will be completely unstructured with no assigned speakers. Feel welcome to stop by!
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I'd do the same thing that launched : find a high cash flow, low capital intensity small business to buy.
If you have the skillset and pain tolerance, it's a good probabilistic bet. Here's a thread on how I'd think through the process to maximize odds of success.
Quote Tweet
If things went south and you had to start all over, what biz would you do, same one or what would you go in to??
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Would love to hit 2,000 followers today...
From little acorns. Thanks to everyone who's given me a follow.
I'm grateful for you.
🙏
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If you want to know more about a particular industry, do the following:
1) identify a publicly traded company in that industry
2) listen to their quarterly earnings reports, especially the Q&A
3) read the 10K reports for the last several years
Absolute gold mines!
#smbtwit
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What some non-obvious tax strategies for SMB? #smb
Raising equity for a self-funded search acquisition deal?
In 2022, I’ve reviewed over 100 self-funded deals and made investments in 4.
Here’s the 7 slides I want to see in a deck (plus some red flags & other tips at the end), from an investor's perspective...
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SMB twitter - we’ve all got each other’s cells if this site blows up, right?
and all that I’ve shamefully omitted?!
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Google search trends for "Buy a Business"
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I've lost track of how much $$$ I've spent growing my businesses using overseas talent.
For years, transferring money to the Philippines was a pain in my butt and expensive.
Now, it takes 30 seconds from my phone, and is cheap.
RT and comment "Send," I'll give you my playbook
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Making this official!
Excited to announce the acquisition of Watershed Associates (watershedassociates.com), a leading provider of negotiations training programs to global organizations.
If you're looking for awesome negotiations training, we're here to help!
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So you want to be a business owner?
I just sold my company for big $
But not before it took me for the wildest 5 year stretch of my professional life
Grab a *sturdy* chair.
Lets go for a ride 🧵
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Since 2016 I have swiped all the best performing Facebook Ads.
142-page document of ads that have generated over $100M in sales.
Today you can get the swipe file for free.
Just like & retweet this tweet and I'll send it to you.
Must be following or I can't DM
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Got a referral from a business broker in another state, flooring company "doing $13M in sales"... super pumped!
Just got off the phone with the owner and it turns out it was $13M in sales... total... over the last 15 years in busines. 😥 and it's down to 500-600K now.
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Just what every buyer of a $44B company wants to hear from the former CEO:
Get rid of ads and make it a platform. Shut down the whole "company" part.
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So close to my first 100 connections here on Twitter and 25 podcast episodes with great acquisition entrepreneurs. Who else should I interview?
Signing a Personal Guaranty on 7-figures in my 20's, married with a couple babies... yeah it was scary but my Net Worth was negative, so when I thought about it, it came down to "Well, if I bust, I'll go from zero to still zero with worse credit." Classic asymmetric risk.
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Buying an existing business instead of starting one yourself is kinda like adopting instead of having a biological child.
Sure, you skip the sleepless nights when they're 2
but you get to walk in the door and suddenly think "holy sh#@" I've got teenagers in my house!!
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Level 1: You're doing the work.
Level 2: You're managing the workers.
Level 3: You're managing the managers.
I'm still working on my transition from 2 to 3. Super difficult.
I have a lot to learn.
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I had 500,000 Sq ft of “boring business”.
I’ll never own a boring business again without an operating partner with significant equity in the business.
Here are a few things I like to remind my MBA compatriots to remember before diving in to the boring business world:
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Recruiting and sales is so much easier when you’re not desperate.
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