Take Five #068: Due diligence blind spots, 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 #068: Due diligence blind spots, and more
1. “Iterate, Don’t Originate” and other innovation insights
The most creative innovations are often new combinations of old ideas. Innovative thinkers don’t create, they connect. Furthermore, the most effective way to make progress is usually by making 1 percent improvements to what already works rather than breaking down the wholesystem and starting over.
Find the full post from James Clear here.
2. How to structure and execute an effective, 30-minute one-on-one meeting
3. Due diligence blind spots and costs that surface after the sale
Talk to most searchers-turned-operators — most ran into costs shortly after closing that they didn’t see coming.
I’m not talking about costs required to generate new growth. These are costs that the former owners just weren’t incurring for one of a few reasons:
-Owner Self-Performed: They handled certain tasks themselves and you can’t.
-Missing Costs Altogether: They didn’t do certain tasks (often related to legal / admin) that you intend to do.
-Off the Books / Gray Areas: They paid for certain services/tasks under the table or out of their own pocket, and now you have to ctually pay for those. Or they just didn’t do them, and they really should have.
This list is my best attempt to create a comprehensive list of potential unexpected costs searchers may face, so that it may serve as a diligence checklist of sorts for searchers pre-close.
Read the rest of Big Deal Small Business’ article here.
4. Interview: Managed service provider (MSP) search process, acquisition, and operation
Inventor-turned-business-buyer Nick Akers discusses his path to managed service provider ownership, his experience with a Swiss search accelerator, and various aspects of running an MSP.
5. How to use virtual data rooms for business deals
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