@PrivatEquityGuy A company that can't survive an afternoon without its founder isn't a platform. It's key person risk with a P&L attached. Whether the founder will listen deserves as much diligence as the financials.
@SMB_Attorney An earnout is the buyer telling you they don't believe your numbers yet. If a seller needs that money for the deal to work, they've already priced it too high.
Three questions for a week thatโs getting away from you:
1. Whatโs in front of me today?
2. Which part of it do I control?
3. What is already working?
@walkerdeibel Every task only the owner can do is a discount on the multiple. Buyers aren't paying for your hustle, they're paying for what keeps running after you leave.
@PrivatEquityGuy People over model is the part most buyers learn the expensive way. A decent business with a team that owns outcomes beats a great model run by people waiting for instructions.
@sweatystartup A few years ago my wife asked me if she could help me build my next business venture. The best hiring decision Iโve ever made was saying yes. Sheโs been in every business since.
@markedlercpa Invoicing the same day the job closes fixed more of our cash problems than any software did. If it waits until Friday, half the details are gone and the customer is in no hurry either.
Worrying about the economy feels like strategy. It isnโt. Your follow-up speed, your close rate, and how you treat the clients already paying you will move this month more than any headline.
The rep you miss teaches more than the ten you make. It shows you exactly where the chain breaks. A business works the same way. Find the failure point and youโve found the training plan.
@ChadMPeterman Running multiple businesses at the same time forces this on you. You either write the process down and learn to delegate, or you become the bottleneck in all of them.
Patience or forcing? Four checks:
1. What did you learn this month? Nothing new means youโre repeating.
2. Are you adding information or just hours?
3. Is the customer buying it, or only you?
4. What isnโt getting tested while you wait?
Drop the method. Keep the goal.