SMB Nerd @smbNERD
📈5Y+ in PE | 15+ transactions | ⚽️⚽️Soccer Club Owner 🏡ST Rental Investor SEARCHING: here to help, share & learn. 💬 DM FOR HELP ON YOUR DEAL Denver, CO Joined March 2023-
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Hiring is likely the most challenging hurdle to scaling. Hiring the right profiles, it’s even harder. Currently in the process of hiring two production managers for new facilities who will have to be able to manage production while build a brand new team. Hiring at the power…
I find a lot of similarities between Working Out & Business. When working out, you want to be able to push, improve while listening to your body so that you can avoid injuries, which are massive setbacks and can destroy months of gains. I believe running a business is…
Beating brutally honest with yourself is probably the hardest art to learn. Our minds are trained to bend narrative & reality to accomodate urges and bad habits. In my very humble opinion there are a couple of ways to help achieve this: 1. Awareness of your thoughts 2.…
These are a lot of letters. Broker’s signature is almost a full sentence and yet as part of his “new opportunity email” he mentions as a selling point: “Business is super-efficient with no admin staff, current seller & CEO handle everything” In the real world this translates…
Before you purchase a business in a new country make sure you study (thoroughly) their employment law!
Most business owners don’t love the traditional PE “buy, dress up & exit” approach. They want to be able to still walk the streets of their town without having to go hiding because the new PE fired half the workforce.
I look at 300+ CIMs & try close about 5 each year. I cannot afford to spend a ton of time on each deal so I filter based on valuation as soon as possible. For searchers who struggle with dedicating too much time on each CIM, here's simple decision tree I've followed:
Tracking “cash return on EBITDA/FCF/Net Income (or wtv it is that you use to track your companies’ performance) should be a BIG MUST. 1. It’s easy to track 2. It tells you which companies are naturally better at generating hard cash 3. It helps you with future deals and…
CIM of the day: “Owners’ involvement: works 60 hours a week, but works 4 months from Florida” 🤔🤔🤔
Some PE funds are more keen to grow via acquisition (deals, deals, deals) rather than focusing on the organic growth of their companies even though “growth via acquisition” is usually more expensive. Most time it has to do with capital raising (easier for new deals) and good…
RIP to a true business warrior and a stoic #CharlieMunger - Discipline in sticking to your philosophy - Be brutally honest - Have a great sense of humour - Remove the noise
Compensation expectations for CEOs, GM or presidents, especially for SMBs, must have a decent variable component. If a candidate is leaning towards more fixed vs variable, to me that’s a significant red flag.
SMBs contribute to 43% of US GDP and employs almost 50% of its private sector workforce. There won’t be enough Gen Z and Millennials to take over those businesses since Boomers are the largest population in history by number. Will supply of business for sale > demand?
To all the landlords out there. Would you let a tenant (been there for 15 month) go for a $50/month gap in the negotiation? Or our property manager is just out of their mind?
The academy is growing and with it its necessary on going tasks. They ask for an assistant to track coaches hours & payroll. I gave them @bamboohr They ask for an assistant GM. I set up @mondaydotcom Both for a fraction (1/10 if not less) of cost and a much better outcome.
European CEO search continues: Two left. Candidate 1: PROs: - early 50s (younger) - decent experience in SMB - already identified good opportunities and like hands on approach CONs: - he gave me a bit of a “guns blazing approach” type of guy. Abrupt approaches might be more…
I read this book almost once a year. It’s such a pleasant light read with immense insight (great IRR). Every entrepreneur should read this at least once. Isn’t this what entrepreneurship is about? Creating something from nothing.
Currently replacing a CEO at one of our European companies. 5 candidates: - average age high 50s - all blue collar experience - retirement expectancy 67 (I guess in Europe they just don’t or can’t retire) - 3 of them have no SMB experience (huge setback IMO) At this size…
If you build the right community on X you can gain access to a massive compounded knowledge for free. Business, wealth, health, travel …. Thank you all for sharing knowledge & wisdom!
Sursoo @Sursoo149213
0 Followers 56 Following
Leilani Hampton @LeilaniHam82924
87 Followers 5K Following
Keira Hamilton @KeiraHamilton
2 Followers 86 Following Laundromat Owner | SBA Financing for Business Acquisition | Passionate about empowering entrepreneurs to succeed #ETA #SearchFunder #SMB
Thausaw @thausaw70109
0 Followers 50 Following
Lesasoughs @lesasoughs8434
0 Followers 167 Following
Maha Feeser @MahaF55239
44 Followers 5K Following
Etta Litmanowicz @litmanowic89678
64 Followers 5K Following
Laiba Nishimoto @LaibaNishi62011
38 Followers 5K Following
Chelsea Schellenberg @ChelseaSch53594
12 Followers 3K Following
Mae Weldon @weldo_m
73 Followers 5K Following
Francene Conti @FrancCont
35 Followers 5K Following
Shalanda Gapp @shalan_ga
46 Followers 5K Following
Lauren Lucchesi @lauren_luc64425
74 Followers 5K Following
Lola-rose Illig @IlligLola41552
53 Followers 5K Following
Leja Poarch @LejaPoar
69 Followers 5K Following
Adam Postovit @_AdamPostovit
13 Followers 24 Following
Amora Chew @AmoraChew15985
36 Followers 4K Following
Sophia-rose Pereria @RosePereri87937
84 Followers 5K Following
Hulda Fanter @FanHuld
73 Followers 5K Following
Amina Furutani @AminaF39060
77 Followers 5K Following
Elma Dupler @ElmaD31239
67 Followers 5K Following
Iylah Koen @iylah_ko
60 Followers 5K Following
Dahlia Byrn @DahliByrn
92 Followers 5K Following
Gennie Imburgia @GennieI16870
91 Followers 5K Following
Mimi Schons @mimi_scho
77 Followers 5K Following
Anaiya Zancanella @AnaiyZancanel
39 Followers 5K Following
Domenica Tarallo @domeni_taral
48 Followers 5K Following
Maria Marquez @Maria_smbPE
22 Followers 174 Following Investor Relations & Deal Scout @smb_pe | Micro Cap PE | Buying and selling businesses under $10M | Boring SMBs + SaaS
Cecily Berbereia @CeciBerbere
43 Followers 5K Following
SMB Deal Guy @SMBDealGuy
825 Followers 1K Following Patrick O'Connell | 2X Founder | $1M-$50M SMB Acquisition Advisor | 100 + acquisitions ~$750M EV | Providing world-class M&A strategies | QoE |FDD| CPA💥
Josh @JoshGlade
5 Followers 434 Following
Pete Mayta @AthleteMgmt2
66 Followers 734 Following
Dougie Warstler @doug_warstler
16 Followers 68 Following
Gabrielle Breach @GBreach37863
35 Followers 5K Following
Ann Cunningham @sidiahmed3
35 Followers 377 Following I'm the key to unlocking your business potential with world-class virtual assistants. 👉 https://t.co/y0sY8ph8YQ
Jason_BizAcq @Jason_BizAcq
106 Followers 439 Following Loan Broker @ Arena Commercial Capital // SMB Acquisition Financing - SBA Loans // 7a, 504, Conventional + SBA financing for ambitious ETA entrepreneurs
Lincoln @misterlink
455 Followers 1K Following SMB Searcher | Former SMB owner | Senior leader at large manufacturing company, itching to get back to entrepreneurship roots.
SMB Consolidator @SMBConsolidator
493 Followers 2K Following Seeking to 10x personal and investor capital in healthcare services, self storage real estate and accounting services over 10 years (~26% IRR)
Ashley Foster @AshleyFost11616
64 Followers 3K Following
Malin Råman Delin @Malin_RD
234 Followers 2K Following Leading the GenAI revolution in M&A 🤖 | Expert insights on AI tools & trends 📈 | Bridging cutting-edge tech with B2B acquisition success 🚀 | Let's discuss 🌐
Aliya Weishaar @weisha_al
50 Followers 5K Following
Sleighth @sleighth41509
82 Followers 2K Following
theficouple @theficouple
78K Followers 1K Following Millennials who teach Real estate & Personal Finance| Paid Off $100k Debt in 3 Years| Own 11 Rentals| Financial Freedom in our 30’s|
Stephen Olmon @stephenolmon
16K Followers 3K Following I start, buy, and invest in businesses with friends
Michael Pollan @michaelpollan
562K Followers 805 Following Author of This is Your Mind on Plants; How to Change Your Mind; Cooked; In Defense of Food; The Omnivore’s Dilemma; The Botany of Desire and Second Nature.
Pierre Poilievre @PierrePoilievre
948K Followers 1K Following MP for Carleton, @CPC_HQ leader, running to be Prime Minister of Canada - Député de Carleton, chef du @PCC_HQ, candidat au poste de premier ministre du Canada
Justin Mares @jwmares
34K Followers 506 Following Founder @truemedpayments, @kettleandfire, @drinksurely, others. Venture partner @longjourneyvc. Sign up for my newsletter on health and startups:
Morgan Housel @morganhousel
520K Followers 701 Following @collabfund The Psychology of Money: https://t.co/Q2XICE6VhE Same As Ever: https://t.co/1HOKjvZAcU Director at Markel Group
Brent Beshore @BrentBeshore
116K Followers 1K Following @PermanentEquity // @CapitalCamp // @MainStSummit // Author of "The Messy Marketplace" // Former atheist who now follows Jesus
Jack Wei (Buying $1-2.. @goallthewei
754 Followers 1K Following Self funded searcher - looking for businesses w/$1-2m EBITDA in CO, MA, and CT. CPG Strategy. RE Investor. Contact: [email protected]
Permanent Equity @PermanentEquity
17K Followers 136 Following Permanent Equity stewards companies that care what happens next. We invest with no intention of selling in family-owned companies throughout North America.
Russell Brand @rustyrockets
11.3M Followers 685 Following Join me weekdays LIVE on RUMBLE | 5 PM (BST) | 12 PM (ET) https://t.co/AhoMyFM4IP
Alex Kunzer @alex_kunzer
15 Followers 55 Following Searchfund Journey | Technical Sales | Consulting Outdoorsman most of the time, indoorsman for the rest.
Laura DiFrancesco @LMDiFrancesco
585 Followers 517 Following M&A, Corporate & CRE Attorney // $10B+ closed deals // Founder of Dean Street Law, Flourish Coworking Space & Ethereal Farms // #SMB #ETA #SMBAcquisition
Johannes Hock @HockJohannes
2K Followers 414 Following Bought an artificial turf business through a Self-Funded Search in Feb-22. Sharing lessons learned from searching and ops here and on Buy Small Sell High.
Sam Dangremond @DangremondSam
3K Followers 885 Following I own some real estate. Would like to own more real estate. Am also a Patent Attorney. I love investing in Pueblo CO.
Fealty to Realty @FealtytoRealty
260 Followers 410 Following Welcome to the church of Real Estate. Tweets about all things RE and some things finance.
Stinson Dean🌲 @LumberTrading
17K Followers 1K Following #Lumber trader. Husband. Father of 4. Fly Fishing. Chiefs. #BuildMoreHomes; 🧵 @lumbertrading
Finance Philosopher �.. @FinPhilosopher
16K Followers 495 Following Author - Every Day is a Vacation. | Join my brainstorm - sharing ideas on finance, life, fitness, economics, freedom and DIY home projects. NYC to Colorado.
The Innovative Invest.. @TheInnovativeI3
151 Followers 642 Following Strategic focus on personal finance. Bullish on sustainability, index funds, ESG 🌿, long term investor.
Professional Dilettan.. @mickthehawk
164 Followers 2K Following Interested in: investing, Austrian economics, voluntaryism, iterated games, comedy, cycling, fasting, saunas, skiing
TechGuy @smb__t
105 Followers 809 Following
Oxana Sol @oxana_sol
755 Followers 561 Following CRE Broker 10+ yrs; Investor & Landlord 15+ yrs; FI since 2018 💥 Sharing tips on RE, Markets, & Finance 📌Follow to be inspired to get better w/money
Alex Hobcraft @alex_hobcraft
195 Followers 235 Following Hi, you’re not an idiot. I digitally transform businesses | Catalyst of change… for 15 chaotic years | Multi-instrumentalist
JamesInTahoe @W6THO
21 Followers 143 Following Former capital equipment company GC, living the mountain life with my love.
Young Ko @YoungKo83
24K Followers 538 Following Advisor & Investor, Ex CFO @0xPolygonLabs ($Matic), Penske Media.
Merrill Stillwell @stillwell
8K Followers 519 Following Mountain Real Estate Investor - Retail & Apartments | Quant Public Equities | CFA
Chris K @ChrisK48713007
20 Followers 24 Following
Lauren | Adulting Is .. @AdultingIsEasy
36K Followers 527 Following Own & manage short-term and long-term rentals on Florida's West Coast Co-founder @HouseMoneyMedia "Retired" the 9-5 at 33
David Jones- Industri.. @smbcowboy
1K Followers 737 Following Industrial Business Enthusiast and Operator. Industrialist. Christian. Husband. Business Cowboy.
John Beck @dirtyhandsops
2K Followers 497 Following small business owner/operator, former corp america, veteran, MBA, engineer I'm building the best home services company and the best place to work.
Adam @adamryan__
83 Followers 254 Following Appalachian Grown | Marine Veteran | Analytics Consultant | Everything SMB & ETA
Rachel @RachelRocconi
2K Followers 904 Following Real Estate & Business Broker • Investor • IG: @rachelrocconi • 1/3 Trio • SDSU
Michael Ambros @michaelambros
939 Followers 1K Following Entrepreneurial CEO @eKomi & Medici Group | Expert Acquisition Entrepreneur | Business Growth Strategist | #BulletproofCoffee Enthusiast
nathanurry @nathanurry
211 Followers 1K Following Recovering large cap PE / hedge fund. Independent sponsor buying LMM businesses
The SMB Manufacturing.. @themfgfellow
992 Followers 446 Following 2x searcher-acq. 2 mfg cos🏭. Building in public. Mech. Engineer-ex GE, Medtronic Immigrant🇺🇸🏌️⛪
Andrew Bustamante @EverydaySpy
24K Followers 14 Following Ex-CIA Covert Intel Officer | Founder of EverydaySpy | Emissary for Change
Brian Summerfield @bdsummerfield
1K Followers 2K Following Let’s revitalize U.S. manufacturing & impact 1M. 🏭 | Christ Powered | Leadership, Lean, & Culture Zealot | F500 ➡️ PE ➡️ SMB MFG | https://t.co/qfauL43KyK
James Sackey @chief_sackey
164 Followers 270 Following Serial entrepreneur w/ 2 exits. Currently building automations + AI-powered solutions @usemerlinai ⚡️ Follow me down the proverbial rabbit hole
Andy Schornack @Schornack
5K Followers 2K Following SMB/Entrepreneur enabler. We help owner operators grow. CEO. $1 billion in assets & growing. M&A experience X5. bank geek. growth mindset. Views=Mine
Stefan McConnell ♦�.. @Stef_McConnell
1K Followers 1K Following M&A Lawyer🇨🇦 | Helping buy & sell cash flowing businesses worth $1M-$50M | Former BigLaw Partner | 17+yrs M&A | Author👉 https://t.co/SRjNQDbij7
Patrick Bet-David @patrickbetdavid
980K Followers 430 Following Yankees Minority Owner ⚾️ Author of “Your Next Five Moves” 📚 Born in Iran, Made In 🇺🇸 Half 🇦🇲 Half Assyrian 🎙️ PBD Podcast & Valuetainment
James Camp 🛠,🛠 @JamesonCamp
81K Followers 1K Following 2 Exits, 1000 failures | Buying And Operating Online Businesses & Helping Others Do The Same
Kevin Dahlstrom @Camp4
59K Followers 680 Following I learned everything the hard way so you don’t have to. 4X founder, 4X CMO, 50X PE investor. Also climb rocks. Sign up for my newsletter👇
A.J. Lawrence @ajlawrence
4K Followers 3K Following Working to be a more deliberate entrepreneur. I'm also an investor & a dad. I host the @beyond8figures podcast to learn from other entrepreneurs. Ex-expat
Marie Askew @MarieAskewSBA
408 Followers 496 Following Tweeting about Small Businesses M&A and Owner Occupied Commercial Real Estate | Generating loans @ Live Oak Bank |It was cool to be in the WSJ this morning but rocks give zero F’s about media coverage. Nature is coldly indifferent to who we are… which is exactly why we need it.
First wolf sighting (middle left)
@ToliverOVA @MickeyShaughnes I’m 100% convinced that best formula for staying fit for life is: A sport that you love (ideally one that takes you outside) …supplemented by… Mobility exercise (which is a mix of functional movement, plyometrics, yoga, and more) Way too many guys focus too much on lifting…
At 96 years old, most people's ideal retirement would not feature standing out in 20-degree weather. However, this is nothing new for Merrell and Dory Fie, who spent Friday afternoon collecting for the Salvation Army for a 67th consecutive time. bit.ly/3BK7SOI
@Schornack Ive been to Winona in February and I can say with absolute conviction
Everyone's least favorite part of a construction project
One of the best KPIs to track is estimated job margin vs. actual. If there is major negative variance, it’ll expose issues in poor estimating, job costing and efficiency of your team. Good metric for project based biz, manufacturing, professional services.
'I am not rich enough to buy cheap things' is one of the best mindhacks for wealth EVER Doesn't mean you pay full price though - I have many pairs of Allen Edmonds etc, would not buy at RRP
This is One River North, a new residential building nearing completion in Denver. A landscaped “canyon” with a walkway stretches across 10 of its 16 floors. Why don’t we build more cool stuff like this?
The near future: new appliances + install are cheaper than the cost of a repair technician to show up (And this is already the case at our mountain properties)
This is spot on and worth watching in its entirety.
America’s top universities should abandon their long misadventure into politics, retrain their gaze on their core strengths and rebuild their reputations as centers of research and learning. My take:
Christmas music is on. Chiefs are on. Girls are giggling and making cookies. Nothing but gratitude.
The couple that sweats together stays together.
We massively underestimate the degree to which beliefs are self-fulfilling. One kind word or encouragement can make all the difference. (1/2)
This is what happens when you believe in your children.
99% of people that think this vehicle is ugly just haven't seen it in matte black yet.
Accountability is a core pillar of SMB operations As a business scales, systems and processes tend to break. People circumvent SOPs under stress and bad habits accumulate. But a culture rooted in keeping each other accountable and being customer first, is the only way to grow.
My favorite Munger quote. What a legend.
I look at 300+ CIMs & try close about 5 each year. I cannot afford to spend a ton of time on each deal so I filter based on valuation as soon as possible. For searchers who struggle with dedicating too much time on each CIM, here's simple decision tree I've followed:
Major money gets made when a seller is valuing an asset with one use or scope in mind & the buyer has a better one ready
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