Take Five #055: EF's State of the Industry Report 2023, and more
Codely v2.0 public release is here
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What has changed in our latest release?
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All new features available for all public channel users
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Coding collaboration with over 200 users at once
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Real-time code save every 0.1 seconds
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Take Five #055: EF's State of the Industry Report 2023, and more
1. What drives your business?
Guesswork Investing digs into understanding Industry Structure & Core Drivers of a business:
When folks casually talk about what makes a good business, they tend to use truisms.
Why is a plumbing contractor a good business? “Toilets are always going to break”.
Why is a landscaping a good business? “Grass just keeps growing.”
I don’t want to needlessly overcomplicate business analysis, but that just isn’t a good mental model.
Everyone knows that restaurants are a tough, low-margin business. But… “people gotta eat, right?” No one uses that truism for restaurants because they intuitively know that it doesn’t matter in this niche.
But why doesn’t it work? People do gotta eat after all.
Read more on Big Deal Small Business here.
2. State of the Industry Report 2023
Empire Flippers released their State of the Industry Report for 2023:
This year’s report is particularly important given the drastic shifts in the market that we feel haven’t been honestly or fully communicated by others in the online M&A brokerage space.
We’ve reviewed 1,493 business deals over the last five years, and it’s clear that the post-pandemic M&A market of 2022 and beyond has shifted into a very different landscape from 2020 and 2021. We believe it’s crucial to shine a light on this reality by providing a transparent analysis of our data on the market’s current state, trends, and future projections.
Read the report from Empire Flippers here.
3. Learning from the Best Compounders
Jay Vasantharajah shares his notes on some of the best “compounders” he’s studied:
Companies that have reinvested earnings at a high rate over a long period of time. Though arbitrary, I will say “high rate” means 15%+ and “long period of time” means 15+ years.
It sounds simple enough, but these companies are rare and it is a difficult feat (which is why they are worth studying).
Read his fireside chat notes from the Enduring Ventures Shareholder Summit here.
4. A great thread on how to help speed up your SBA Loan Closing Process
A golden thread from Scott Oliver:
5. The Rise of the SearchBuilder?
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