@Bowtiedplayer West Palm is only getting better with a lot of new growth and development - Nora District for example. Jupiter/PBG, Delray and Boca are great as well. Really depends on what is important to you.
@SMB_Attorney@smblawgroup Congratulations! Crazy to see the growth. I feel like we were just on the golf course talking about how to build a better SMB M&A firm.
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If you are the founder/CEO of a startup and are looking to raise capital, please pay yourself a reasonable salary. Many first time founders mistakenly think investors want to see next to nothing being paid to the founder(s).
From an investor standpoint - This increases the likelihood of the founder needing to earn money from another job and decreases the amount of time focused on the startup. They want the founder to be solely focused on the startup to maximize the likelihood of success.
Knowing what I know today from my experience in investing banking working on countless sell side M&A transactions, I will 100% pay for a sell side QofE for my HVAC SMB when I decide to sell knowing full well that the buy side will also pay for their own QofE.
Worth every penny.
SMB owners need to keep their cash conversion cycle in check even when times are good. It’s easy to let your AR increase when there is enough cash for operations at the moment. If sales slow down and cash decreases, it can quickly put the SMB in a cash crunch.
How to know when to evacuate for a hurricane in Florida: If the Dasani cases of water are sold out at Publix and the local Waffle House is closed, I’m evacuating.
@SMB_Attorney You’re not wrong. Napier is not the right coach to stand behind. We need to get a proven HC then UF/UF fans need to give him the time/resources required to win championships.