Take Five #074: 4-month formula to get profits flowing post-purchase, 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 #074: 4-month formula to get profits flowing post-purchase, and more
1. What to do with a new business acquisition, starting with Day 1
We were the buyer, they were the bought.
Now it was ours, we had to get this business working the way we wanted.
“We’ll cut through the corporate bull sh*t, and get this oil tanker moving like a speed boat again.”
Sounds great. Hard to do.
The truth was this.
Unless we moved fast and hard, this was going to end up a ‘reverse takeover.’
Where the buyer can’t digest the business it bought.
Like when an ambitious young lion tries to take down an elephant. But the lion ends up getting trampled.
I’m not talking about deal itself here. That is done.
I’m talking about the things that will make the deal a success.
Operations, process, systems. Culture. Especially culture.
Read the complete CFO Secrets rundown here.
2. Building M&A momentum, plus 5 hold-ups and how to overcome them
…you need both motion and action to drive results. I believe that to be true, but I also believe that action is the creating force, the spark that ignites new possibilities. And while planning helps us focus those actions, the strategy itself is not a creating mechanism. Action is. In that way, action and strategy aren’t opposites; they’re two deeply integrated sides of the same coin. And when these two sides are working in harmony, they’re building kaizen, a Japanese word for continuous improvement.
Once this continuous improvement flywheel starts spinning, strategy and action will work in concert to make deals happen. What does this look like in practice? When we strategize, we create an intentional approach to finding, evaluating, and closing high-value M&A deals. When we take action, we use our strategy to know when we should move on promising deals. And as more and more deals are made, we build a feedback loop, capturing our learnings and driving strategic adjustments as we move forward.
Read the full G-Spire Group article here.
3. Top metrics to track in a monthly snapshot
4. Four-month formula to get profits flowing post-purchase
5. Buyers lock deal 6 weeks into search, triple business in 2 years
Johannes Hock discusses the self-funded search process that led to his artificial turf installation business acquisition, EBITDA and company criteria basics, and how he and his business partner tripled the business in two years.
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