Take Five #077: How to snowball a $300,000 SMB purchase into a $100M HoldCo, 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 #077: How to snowball a $300,000 SMB purchase into a $100M HoldCo, and more
1. How to spot a solid business deal
2. Exposing and closing sales using the Socratic questioning method
3. Budget solutions: how cash flow modeling can help cultivate growth
By following this method, you establish a benchmark that you continually compare your company's performance to. This approach also allows for planned initiatives and discussions, including:
- Cost Cutting: Identifying areas where costs can be reduced without compromising quality.
- Vendor Consolidation: Evaluating opportunities to consolidate vendors for cost savings.
- Plant or Company Comparisons: Assessing the performance of different branches or facilities.
- Investment Progress: Tracking the progress of planned investments and their impact on the bottom line.
Embrace this method as a means to consistently assess your company's spend, ensure costs are in check, and maintain financial agility as you navigate the path of growth.
Remember, it's not just about adhering to a budget; it's about smart and strategic financial management that leads to sustainable growth.
Find the rest of Joshua Schultz’s article here.
4. 💡How to snowball a $300,000 SMB purchase into a $100M HoldCo
5. Why choose ETA? 25 searchers open up about why they started, what they’ve learned
Searching for a business to buy almost sounds too good to be true! You want to be an entrepreneur, but have no “great idea” to launch a start-up. Perhaps you have just completed an MBA program and dread jumping back into what you did before school. Or maybe you have been working for a “paycheck” for 5-10 years and want to have “ownership” in the business you are engaged in. Conceivably, you are tired of working in a large organization they got tired of you working for them! Finally, maybe you have heard that search is the path to riches!
Deciding to start down this arduous path is very personal and is different for each searcher. Ask yourself how important the qualities of autonomy, creativity and independence are in your role as a CEO. I reached out to 25 searchers to ask how they made this decision for themselves and the advice they would give to others considering search. Perhaps this will help as you look into your own mirror to decide if search is “right for you”.
Read Jim Stein Sharpe’s article here.
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