The Business Runs Itself @OneTimeExpense

This shitco runs itself with 80 hours/week from me and my entire family working for free. Don't audit me, you won't like what you find. Joined September 2021

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The Business Runs Itself @OneTimeExpense

3 years ago

There is a 1:1 correlation between wealth and people who put the message in the subject line.

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The Business Runs Itself @OneTimeExpense

4 years ago

There is no greater signal for wealth and sophistication in the search world than an AOL email adress.

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The Business Runs Itself @OneTimeExpense

4 years ago

Heard of a searcher who signs LOIs with companies just to learn with no intention of buying, then walks in 2 weeks when they're done. Apparently even bragged about it. Searchers constantly complain about brokers, but there are plenty of reasons for brokers to hate searchers.

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The Business Runs Itself @OneTimeExpense

4 years ago

"If I commit tax fraud, but nobody notices, did it really happen?" Seems to be the motto of owners everywhere.

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The Business Runs Itself @OneTimeExpense

4 years ago

Everyone starts a search thinking they need to know GAAP. They end the search with the realization that none of their target companies have ever heard of it.

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The Business Runs Itself @OneTimeExpense

4 years ago

The “build a holdco” conversation is the search fund world’s hustle porn.

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The Business Runs Itself @OneTimeExpense

4 years ago

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The Business Runs Itself @OneTimeExpense

4 years ago

I’d like to report a murder.

Mike Botkin @MikeBotkin_

4 years ago

I’d like to report a murder.

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Terminal Value🧃 @valueterminal

4 years ago

It starts with you thinking about buying a local laundromat. Next thing you know you quit your job to "conduct a search" for a small town HVAC business. Your wife is upset. Your friends try to intervene. But you won't stop. HBR Guide to Buying A Small Business. Not even once

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The Business Runs Itself @OneTimeExpense

4 years ago

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The Business Runs Itself @OneTimeExpense

4 years ago

If you’re going to go buy a small business, these songs are your anthem. “You got to know when to hold em, know when to fold em, know when to walk away, and know when to RUN!” “Cocaine” because there is way more drug use than you’d expect. God’s speed.

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The Business Runs Itself @OneTimeExpense

4 years ago

Owner: "Pay me for my profits, but also for my team, experience, culture, and the opportunity." As if their team and culture had nothing to do with the profits... 🤦‍♂️

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The Business Runs Itself @OneTimeExpense

4 years ago

Brokers when you tell them you have no money and have never run a business before: Credit to @nocontextroyco for the screengrab.

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The Business Runs Itself @OneTimeExpense

4 years ago

If your friend group is discussing - Becoming partner - Climbing the ladder - Financial security - Happiness instead of - Searching to buy a small shitco - Dealing with lying brokers - Managing constant labor turnover Then you need to re-evaluate your friend group.

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The Business Runs Itself @OneTimeExpense

4 years ago

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The Business Runs Itself @OneTimeExpense

4 years ago

Pulse check: Talked to a traditional searcher who just raised capital. What questions did your investors ask during fund raising? “Nothing. I could have given the phone to my dog and still raised money.”

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The Business Runs Itself @OneTimeExpense

4 years ago

Nothing befuddles an MBA searcher more than employees not motivated by money.

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The Business Runs Itself @OneTimeExpense

4 years ago

Value-add search investor . Investor who writes a big check, but not much else. . . . . . Investor who doesn’t even remember who they invest in. Never communicates. Your direct outreach strategy has a higher response rate than this group.