So many great things about Taylor's story - business and personal! Love what you have built and excited to see where you take things from here, my man!

LOIs are source of much confusion in the SMB world, but also important! I'll be listening to the esteemed Sam Rosati and Will Smith break down an LOI that got a deal done in the wild. You should too!

Had a great time talking deal strategy today with Ryan Smith! Pod dropping next week!

There's SO MUCH info about LOIs out there! Let's add more (by advocating for less). Reasonable minds may differ on this, but if you're looking at smaller Main Street deals (say, <$2m EV), I think it's better to send that LOI instead of sweating the little details (or paying

SMBX M&A is up to its eyeballs in anecdotes. Most accounts you read here - included my own - are peddling anecdotes. That's useful sometimes! But Heather and the team Lumos Data are bringing the data. This is so rare and so valuable to the community. Can't wait to dive into

I was fortunate to have the opportunity to chat with Ryan Smith last week about the EXTREMELY exciting world of main street business deals. Thanks for the opportunity, Ryan!

I had a contact with pre-acquisition QSBS questions yesterday, so I dug up this Tweet and sent it over to him. It's so good! So before that fish fry at the VFW this evening, feast on some knowledge.

Was speaking to a group of searchers this week and the topic of Asset vs. Stock (Equity) transactions came up. I referenced this tweet. So good!

This is insane. How am I part of this rocketship? 14 months ago I was just some dude working in his home office in Minnesota, slinging small deals, making fun of business brokers, and learning something new every day. But now? I'm some dude working in his home office in

I'm thinking about buying a car wash in a small upper-midwestern town with my little brother. I'm a M&A lawyer. He's a public school teacher. I wash my car at Sam's club for $6. That is the extent of my car wash knowledge. You know those fancy full-service car washes you see

I need to renew my Minnesota real estate broker's license in the next 12 days. This feels like a long shot, but anyone out there seen any on-demand CE stuff that is M&A or at least investment-related or am I doomed to 14.75 hours of mold and mortgage fraud education?

Earlier this year I talked to an owner who was going to sell his business to someone he didn't like. He wished he could sell to his foreman instead, but the guy didn't have enough money. I asked if he and his foreman had talked with an SBA lender. He had no idea what I was

I don't usually chime in on non-M&A stuff, but this struck me as very accurate. Maybe it's because I'm a risk-averse lawyer and not a real business-person, but hiring in advance of anticipated need is really hard. Also, critical for growth.

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Hey! Come hang out tomorrow! We'll get you home in time to watch the Gophers game, don't worry.

Ben is speaking my love language (small deals) and makes some great points here, so I'm going to go on a rant and add more thoughts about small deals (meaning, say, less than $1.5m EV). Pros: 1) There is less competition on small deals, and the competition that is there, tends

When Seller's lawyer strikes my sentence stating the Seller Note will be subordinated to the SBA debt...buckle in.

You find a business you like. Biz Broker won't take an LOI, demands a PA (prior to full diligence). For purposes of our example, let's say this is for a small deal (<$750k) do you: