Working on 2 different deals in the same space as part of a new roll-up. EBITDA is still a little bit too small for an SBIC but there's ~$2m worth of equipment that could be lent against. Anyone know an ABL lender that might have interest in something like this with terms that

This deal died It really does seem that red flags almost always are real. Silver lining is that this happened before spending $20k on QoE Buying a business is hard

I saw SMB Attorney's post on searchfunder a few days ago on lessons learned from business buying He called out a few red flags in LOI negotiations. I noticed a deal I had been working on had some of these and had given me pause. Deal died today. If you have the feeling in your

A lot of people on here posting about needing to work 90-100 hours a week have almost certainly never worked 90-100 hours a week

Red flags that happened to me in a recent deal negotiation: 1. Asking for 20 days to complete financial due diligence 2. A deposit that is not refundable after completing financial due diligence 3. 60 days of exclusivity that could be broken if I reduce purchase price by 100k+

Just because broker has an LOI deadline doesn't mean you shouldn't submit your offer as early as you can.

anyone know a designer who could help me out with a deck for investors? I have all the content..just need someone to make it look better. Need a relatively quick turnaround (~2 weeks). This is paid to be clear DM me with some samples of your work

I don’t think this is the kind of thing you say out loud

Tough timing on this $ALGN VIC pitch. Posted 1 day ago

It really is crazy how fast an SMB deal can fall apart

my wife just started a consulting business. Right away found 2 clients for a combined 40 hours/week of work. They asked her hourly rate. Finger in the air went with 2.5x her annualized salary. Immediately accepted no questions asked. You can just do things

Good to know people care much more about my wife's consulting than my content on buying businesses

Momentum compounds. Stack the small wins and you wake up one day and see all the progress you have made I believe this strongly holds true in SMB world

Saw this quote about buying businesses that is so true. On some days it feels like day 1 of building Berkshire Hathaway. On other days you just feel like a random guy clicking around buttons on your computer

“Variant perception” is maybe the most overused term in HF world. Most people who think they have a differentiated view actually do not Change my mind

looking to sell my local newsletter. Started it as a fun project and just don't have the time to invest behind growing it anymore. Not sure if anyone has interest but here's the stats which I think stack up pretty well. Subscriber acquisition cost is consistently 35c and has not

starting a christmas light installation business for fun. No experience doing this. Bad idea? Wondering if getting leads and selling them to an actual company is a better idea

From Bessemer: "AI Supernovas gross margins are often negative". Feels so frothy