Peter Bell

Buying great businesses with @JustinNicholasT | Strong ⛳️ & 🎿 dependence | Go Loggers

[Peter Bell @Peterbelll]

@guessworkinvest @StrongpointRich Labor costs to the penny across locations, departments, jobs. A necessary evil at a certain company size. If you luck out with a great customer service team it makes all the difference

[Peter Bell @Peterbelll]

@guessworkinvest Always felt like a maniac going full silence on my commutes into the office. Glad to know I’m not alone

[Peter Bell @Peterbelll]

@MikeBotkin_ @RandBusiness Quality tweet. I've been greying like it's my job and have to stare his luscious mane all day. It's brutal

[soha ventures @sohaventures]

Restoration Services PE Platforms
(source: Hyde Park Capital)

[Peter Bell @Peterbelll]

Bad day to be an AirPod
https://t.co/pkdwktl4lm

[Peter Bell @Peterbelll]

@chrisxmunn @JustinNicholasT Would be a very accurate GIF if those were stacks of IOUs

[Peter Bell @Peterbelll]

Traction's group of companies crossed the $100 million revenue mark this April.

@JustinNicholasT and I are proud of this milestone, but as the saying goes, "Revenue is vanity, profit is sanity, cash is king"

We've got the vanity covered; sanity has been fleeting

[Peter Bell @Peterbelll]

@SMB_Attorney @JustinNicholasT Quite literally wouldn't be here without you guys. Doing our best to keep up with @smblawgroup growing like a weed

[Peter Bell @Peterbelll]

@MikeBotkin_ @JustinEBurris @tsludwig What a team. Congrats Mike💪

[Peter Bell @Peterbelll]

@RandBusiness We’ve got an RV mattress already set aside for you

[SMB Attorney @SMB_Attorney]

We're hosting a meetup in Seattle on June 20th.

Cc: @JustinNicholasT, @RandBusiness

[Peter Bell @Peterbelll]

@LuxuryWatchGuy1 How do you see the Rolex CPO playing out?

[Peter Bell @Peterbelll]

@kmiller206 It ain’t Christ-like for that sneaky pick by Canzone

[Peter Bell @Peterbelll]

@MehtabKarta The proportions on the 54 are 🔥

[Peter Bell @Peterbelll]

Core Operating Growth Profile.

Essentially how much free cash flow is generated for every $1 of increased revenue. We’ve learned the hard way and been lucky with a few of our companies. Wish I would’ve read this article earlier

https://t.co/ucnyFJBghl.

[Peter Bell @Peterbelll]

The golden rules of ERP rollout by @SecretCFO couldn't be more true. I went through my first ERP migration about 4 years ago. It was a train wreck for the first 4-5 months. Made every mistake in the book. But has since served as the backbone of the business growing from $15 million to $40 million in revenue. I wrote my lesson's learned post-implementation:

1. Align software to previous business practices. At the end of the day, it is the employees who are carrying out the transactions to keep the business running.

2. Data - Clean-up and understand your data before even considering an ERP migration. If your current system doesn't provide reliable data, you’ve got a bigger issue to take care of prior to an ERP migration.

3. Testing - There is no such thing as too much testing. Prior to going ‘’live’’, spend months with employees in the system replicating issues the business deals with on a daily basis

4. Culture - Clearly communicate to the entire company WHY the business is making the transition. If the saying is, “people don’t like change”, people REALLY don’t like change in their day-to-day duties, especially if they didn’t come up with the changes themselves.

5. Customize - Go with the standard features vs. trying to create customized solutions. We wasted a lot of time working with Netsuite to create customized solutions that we never ended up using. Take what the system gives you, use it for a period of time and then revisit if you need a customized solution.

[The Secret CFO @SecretCFO]

4 golden rules to stop your ERP rollout becoming a train wreck:

[Peter Bell @Peterbelll]

@girdley Mayonnaise colored Benz I push miracle whips

[Peter Bell @Peterbelll]

The first @MainStSummit was top-notch. Hospitality off the charts, genuine people, great lineup of speakers.

Highly recommend attending if you own or operate a small business.

Looking forward to going back to Columbia this year

[Brent Beshore @BrentBeshore]

Excited to announce the second annual @MainStSummit on October 9-10, a festival for business owners, operators, and investors.

Last year welcomed ~1000 people from 8 countries for two days of chatting, learning, and fun.

Tickets: https://t.co/ZsgWdk9OBp

Initial lineup 👇