Adam Bird

[Adam Bird @adamlbird1]

@AdamMancini4 Adam, thanks the mentorship in the NL and on X daily!!!

I took the 50 reclaim, but I was wondering, was 6040 significant enough to take that on the reclaim? What did you see there that you choose 50 over 40? Hope I'm asking that clearly enough.

Thanks again!

[Adam Bird @adamlbird1]

@AdamMancini4 Adam, thanks for the NL. It's for sure helping me become the trader I want to be!

I'm curious how you pick your upside targets for the day? I don't think I've read that in the NL before. Thanks!

[Adam Bird @adamlbird1]

@AdamMancini4 Thanks so much! I took both, lol. holding the long runner now, man that was a lot of action in short period!

[Adam Bird @adamlbird1]

@AdamMancini4 Adam, I was stalking that FBD ALL DAY! Thanks for the mentorship in the NL, love it. Locked in 7 pts, letting my runners run.

[Adam Bird @adamlbird1]

@AdamMancini4 Awesome, thank you!

[Ben Tiggelaar 🟠 @bentigg]

Raising equity for a self-funded search acquisition deal?

In 2022, I’ve reviewed over 100 self-funded deals and made investments in 4.

Here’s the 7 slides I want to see in a deck (plus some red flags & other tips at the end), from an investor's perspective...

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[Adam Bird @adamlbird1]

@mikemcln @sbabmarks Not yet! I figure the more times I'm "up to bat" the better my chances become. :)

[Adam Bird @adamlbird1]

@bentigg The adj. EBITA margin for the given revenue is 8% for TTM, lower in previous years. 3.25X-3.7X is where I'd peg it, to start.

[Bruce Marks, MBA, CM&AA @sbabmarks]

WSS: Bruce, Can we talk about the elements of an LOI and some of the language that is included?

I want to better understand exactly what needs to be in there so it is a meaningful LOI.

Can you provide a draft for me as well?

Ok, let’s dive in 🤿

[Adam Bird @adamlbird1]

@bentigg Ben, thanks for posting this resource. I just subscribed to your SMB Scoop 👍.

Who's the "project manager" in your deals post-LOI?

Do you use a project management software and assign/track/update tasks? Do you review it in a weekly meeting?

Thanks Ben!

[Adam Bird @adamlbird1]

@mikemcln @sbabmarks @mikemcln, I agree. I've brought multiple, legitimate deals to @sbabmarks over the last 4 months. I think we've spent 7 hours together on Teams calls. Those 7 hours accelerated my ETA learning more than I can measure.

[Bruce Marks, MBA, CM&AA @sbabmarks]

WSS: I would like to submit an LOI for this business. Before doing so, I wanted to make sure the deal pencils so I don't hear "Congratulations, you have structured a deal that doesn't work"

This deals pretty much checks all my boxes

The purchase price is $1,700,000

Let's see

[Bruce Marks, MBA, CM&AA @sbabmarks]

War Story Saturday (WSS): Bruce, I want to buy this business. I’m willing to pay a 3.5X Multiple.

⚠️ Is that on SDE or EBITDA?

You know there’s a BIG Difference right?

Especially if the Seller’s “Other Benefits" are large.

Really! Can you tell me more:

[Adam Bird @adamlbird1]

@leadaddict You bet! Love the new podcast, thought the first two episodes were solid!

[Adam Bird @adamlbird1]

New leadership podcast from @leadaddict just dropped - great value, check it out.

[Adam Bird @adamlbird1]

@kevin_monroe You're welcome Kevin! Love your podcast. Thanks for all the value you give to me and so many through your podcast. And thanks for being so approachable and accessible on Social Media. You're a great example for all though leaders and business owners!

[Adam Bird @adamlbird1]

Thanks to @kevin_monroe for a great podcast episode this morning! "Own your qualifications and seize your opportunities" was a great take-away for me today. Thanks!

[Adam Bird @adamlbird1]

CAMERA GIVEAWAY: Win a Canon 6D Mark II from David Molnar + Photography Courses https://t.co/JH2tMDhnll via @_davidmolnar