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We spent the last 4 days doing our quarterly EOS meeting and flying in our US remote team for training and team building. A big time and money investment that always feels worth it.

We recently had a financial due diligence project with a bunch of Only Fans transactions in the business accounts. Awkward.

A simple rule of thumb in acquisitions - your net cash flow will likely be half of what the sellers was for 1-2 years. If SDE was $500k, your cash flow will be $250k, etc.

I see 1/3 of business owners follow Crockett CFO method for capital allocation:

New Inspired Or Acquired podcast is a wild one. Kyle Ewing runs a $12M biz that makes waterproof, durable paper used in NFL, submarines, restaurants, etc. He drops a big announcement on his decision to sell or hire a CEO. Episode link in bio.

“Can you clean up our last 2 years of financials and do our taxes so we can sell our business? We’re trying to sell but the broker and banker said our accounting is too messy.” Yes. We have 3 of these projects currently. I’m sure they’ve lost lots of time, lost good buyers, and

What’s your estimate on how many days after they accept your LOI does the seller find out how much they’d pay in taxes?

Sometimes we do more in 8 weeks than the prior accountant did in 18 months. But I still want our onboarding to get faster.

Took my kids to their first concert - a Grateful Dead cover band. I wore a shirt my dad had from the 1994 Dead tour.

It’s definitely gotten more competitive and noisy in the past few years for business buyers. But 2/3 of those searching will never take the risk and make the leap.

This video had me excited for the owner starting his own concept….until I heard his food costs….ouch. But the dude knows his numbers and is clearly scrappy.

Great event with Search Fund Coalition today in NYC. Very tactical panels and lessons from the growing community. Well done Andy Hoffman // Search Fund Coalition and team!

Yes there’s a logical formula and accounting method to determine working capital. But for 95% of acquisitions under $5M it’s not about logic, it’s about the seller’s emotions - they don’t need to leave you extra cash.

One of my strategic goals this year was to improve gross margin by 10%. So far it’s improved by 6%. Sticking new hires and filling up current staff paying off.

Quarterly tax estimates are due by Father’s Day. Steal your kids dessert and call it dad tax - teach them a lesson.

Why do I have to repeat everything to staff 1000x? Also me - can’t remember the workout instructions 30 seconds after the coach explains it.