Take Five #082: Benefits of implementing an Entrepreneurial Operating System, and more
Codely v2.0 public release is here
Lorem ipsum dolor sit amet, consectetur adipiscing elit lobortis arcu enim urna adipiscing praesent velit viverra sit semper lorem eu cursus vel hendrerit elementum morbi curabitur etiam nibh justo, lorem aliquet donec sed sit mi dignissim at ante massa mattis.
- Neque sodales ut etiam sit amet nisl purus non tellus orci ac auctor
- Adipiscing elit ut aliquam purus sit amet viverra suspendisse potent i
- Mauris commodo quis imperdiet massa tincidunt nunc pulvinar
- Adipiscing elit ut aliquam purus sit amet viverra suspendisse potenti
What has changed in our latest release?
Vitae congue eu consequat ac felis placerat vestibulum lectus mauris ultrices cursus sit amet dictum sit amet justo donec enim diam porttitor lacus luctus accumsan tortor posuere praesent tristique magna sit amet purus gravida quis blandit turpis.
All new features available for all public channel users
At risus viverra adipiscing at in tellus integer feugiat nisl pretium fusce id velit ut tortor sagittis orci a scelerisque purus semper eget at lectus urna duis convallis. porta nibh venenatis cras sed felis eget neque laoreet suspendisse interdum consectetur libero id faucibus nisl donec pretium vulputate sapien nec sagittis aliquam nunc lobortis mattis aliquam faucibus purus in.
- Neque sodales ut etiam sit amet nisl purus non tellus orci ac auctor
- Adipiscing elit ut aliquam purus sit amet viverra suspendisse potenti
- Mauris commodo quis imperdiet massa tincidunt nunc pulvinar
- Adipiscing elit ut aliquam purus sit amet viverra suspendisse potenti
Coding collaboration with over 200 users at once
Nisi quis eleifend quam adipiscing vitae aliquet bibendum enim facilisis gravida neque. Velit euismod in pellentesque massa placerat volutpat lacus laoreet non curabitur gravida odio aenean sed adipiscing diam donec adipiscing tristique risus. amet est placerat in egestas erat imperdiet sed euismod nisi.
“Nisi quis eleifend quam adipiscing vitae aliquet bibendum enim facilisis gravida neque velit euismod in pellentesque massa placerat”
Real-time code save every 0.1 seconds
Eget lorem dolor sed viverra ipsum nunc aliquet bibendum felis donec et odio pellentesque diam volutpat commodo sed egestas aliquam sem fringilla ut morbi tincidunt augue interdum velit euismod eu tincidunt tortor aliquam nulla facilisi aenean sed adipiscing diam donec adipiscing ut lectus arcu bibendum at varius vel pharetra nibh venenatis cras sed felis eget dolor cosnectur drolo.
Subscribe to Take Five to get our top 5 quick weekly reads on the world of SMB, M&A, and EtA from the team at Kumo. Kumo aggregates hundreds of thousands of deals into one easy-to-use platform so that you can spend less time sourcing, and more time closing deals.
Take Five is created and sponsored by Kumo, a powerful deal aggregator to help supercharge your deal sourcing at withkumo.com.
What can you do with Kumo?
- Browse 120,000+ deals from hundreds of brokers and every major marketplace, with 700+ unique deals added daily.
- Save time and stop reviewing duplicate deals. Kumo matches identical deals across hundreds of sources so you can view unique business opportunities, even if they’re slightly different across different websites.
- Get a daily email for deals that match your search criteria
Take Five #082: Benefits of implementing an Entrepreneurial Operating System, and more
1. Budget forecasting: the truth can hurt and that’s okay
…we kick off the budgeting process each year by asking the following questions.
1. How did we perform last year relative to the forecast?
2. How many times did we have to recast the financials?
3. What were the three most significant misses? (i.e. Revenue, COGS or Marketing Spend)
Our goal here is simply to understand, “How bad were we?”
Rubbing your nose in it is part of the value. That’s why you should resist the urge to delete the initial forecast each time you recast the financials. Because if you do, you’re letting yourself off the hook for poor projections.
There are absolutely times when you need to throw it in the bin. These are the unexpected events that rock your budget by more than 25%—not failing to account for an extra hire or inclement weather.
And even in these rare occurrences, you’re still better off logging it as a lesson in forecasting.
Read the rest of The Finance of Scale’s post here.
2. Expert rundown: 8 biggest changes to SBA 7a loans, plus some insider info
SBA Ray covers some of the biggest changes (bad and good) to the SBA 7a loan program, including the removal of minimum equity injection requirements, approval process changes, loan program expansion, affiliation rules, and more.
3. Why the ETA risk spectrum is broad
4. Benefits of implementing an Entrepreneurial Operating System (EOS)
Nowhere in the world’s leading MBA schools will you see mention of implementing a formal operating system to help govern the planning, strategy and day-to-day operations of a SMB. However, in my experience, it is highly practical frameworks like these that are most important and impactful for CEOs and the companies that they run.
Though it’s important for CEOs to know how to calculate their weighted average cost of capital, or know the Four P’s of Marketing, or describe Porter’s Five Forces (among dozens of other tools and concepts typically taught in academic environments), tangible tools like operating systems are at least as important as these concepts, if not more so. If you are looking to add order to the chaos, create organizational clarity and alignment, and better manage your organization’s most important assets, then an operating system is at least worth a thoughtful evaluation.
Find the Mineola Search Partners article here.
5. “If you don't have the keys, you won't drive far,” and other SMB operating insights
Loved what you read? Subscribe to Take Five to get our top quick reads every week from the team at Kumo. Kumo aggregates thousands of sources into one easy-to-use platform so that you can spend less time sourcing, and more time closing deals.
