Post-Close, anonymous case studies of private company transactions. By @thegeneralmills
Joined June 2020
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Welcome to Post-Close, anonymous accounts of private company transactions.
Exploring the nuances of transactions, without breaking confidentiality.
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In 2020 @girdley, @thegeneralmills, and I started recording our chats about companies for sale and how we'd value them.
We called the podcast "Acquisitions Anonymous".
Today @acquanon hit #15 overall in the "Entrepreneurship" category!
#16 might even say we are "crushing it"😉
Thread is a great example of why to follow @StudentRentPro
He’s used to people telling him no. (but finds creative ways around it)
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Tune in to hear @girdley lose his mind in excitement about truck stops.
Coming later this week.
An episode on TRUCK STOPS for sale with @TannerDoss!
@girdley was as excited as @BillDA was about that e-commerce lego business!
(Have you subscribed on Youtube or your podcast app yet? All the cool kids are doing it so...)
cc: @thegeneralmills
Any ERTC (Employee Retention Tax Credit) experts around?
I’m hearing that the “partial shutdown”definition interpretation is much broader than initially thought with gross receipts.
Would love to confirm with someone who knows more.
Just passed a service company truck with a great wrap. Googled them…they don’t have a website. Only a Facebook page. 🤦🏼♂️
I trust Mark’s opinion on many things, and people in operating positions is definitely one of them.
Hope the right company can link up with this woman or man.
Sitting in a key shop right now, and it’s making me really want to own one.
Phone ringing off the hook, property managers requesting emergency and after hours trips. All paper based billing and work processing.
Anyone know of someone who owns/runs one?
I have a SMB dilemma.
My roofing company just got named in the Top 100 Roofers (by revenue)- pretty cool, feeling good.
Turns out we are number 100 on the list. Eh… makes me feel less inclined to hype it. Not totally sure why.
Does it seem like I’m off base on this?
There is a lot to be said for the “I’ll buy a business anywhere approach”.
I was fortunate enough to buy a business in my backyard.
4 months in, and everyday without fail- we are talking about a lead or customer, and I know them, can call, and we can reduce friction.
Anyone want to go in together on this?
Seems like a transaction could get this mess behind them and let the employees keep doing what they’re great at.
thehill.com/regulation/court…
Hiring differentiator: consistently giving 40 hours a week.
Valued most by:
- those making < $20-30/hour
- skilled trades
- men and women who have obligations and others to take care of.
Not playing games with people’s time and money has proven to be a leg up.
Learned about a fascinating business today. One I have never heard of.
Cleaning indoor shooting ranges.
HIGHLY regulated, and very sophisticated filtration systems to capture lead dust. Proper PPE, HEPA vacuum, special disposal. On a specified schedule.
Cheers to @WilsonCompanies
The only guy in SMB Twitter who can make me feel old (Beyoncé line).
Have a friend locally that had an operating company fail 30 years ago due to a key employee embezzling money. They settled on taking a whole life policy out on the guy, and would get made whole plus some upside when he died. Needless to say, guy is in his early 90’s now.
SMB vs Corporate Hiring:
Been talking to a candidate that I really want to hire, I’ve known them personally for years. They’re in a larger corp setting, and dying to get out.
Interviewed with me, and 2 large corporates. One of them is offering $80k in relocation ($95k salary).
The relocation is in the form of a forgivable loan. Moving expenses, down payment assistance, and lump sum cash. If they leave in less than 3 years, they must pay back, with a penalty.
Plus 401k match doesn’t vest for 3 years!