Acquisition Maverick @rightpractices

On the hunt for Business Acquisition No.1 ($1mm+ raised). W2 in Corporate + SMB FP&A. Microsoft Excel Evangelist. (NFA) Colorado, USA Joined February 2023

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Acquisition Maverick @rightpractices

2 days ago

I’m a simple guy - I don’t expect a lot. I’ve just made it my main mission in the next phase of my life to make as many connections with SMB owners as humanly possible. The main goal? Drilling “FCF at a 3-6x multiple” into their brains over and over and over again. We’ve got…

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Acquisition Maverick @rightpractices

2 days ago

Everyone (in their right mind) is harping on the plaudits of recurring revenue and “recession-proof” businesses. The market has to start seeing some ripe opportunities for someone to open a gourmet dipped strawberry business (or something). Not everyone should go into…

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Acquisition Maverick @rightpractices

3 days ago

100% this. CRE management / ownership can be very difficult (and it can also be very simple)

Thomas Kopelman 💵 @TKopelman

3 days ago

100% this. CRE management / ownership can be very difficult (and it can also be very simple)

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Acquisition Maverick @rightpractices

4 days ago

Hopefully, we’re nearing the end of the “Influencer endemic” in business. You know the bit by now: “You can convert your salary to passive income, with just 10% down and using OTHER PEOPLE’S MONEY!” It’s driven by people whose own business model succeeds only in getting others…

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Acquisition Maverick @rightpractices

4 days ago

Is there a group here on X for startup / founders / acquisitions?

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Acquisition Maverick @rightpractices

5 days ago

People who argue for real estate vs. SMB that “most aren’t cut out to run a business” fail to realize that most aren’t cut out to be landlords, either. Your tenants will give you hell when you least expect it, your basement will flood right after you’ve just filed a different…

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Acquisition Maverick @rightpractices

5 days ago

I don’t like investing in real estate, personally. I put 3% down on a $400k house, put $50k into renovating, and then it rents for +$250 over the mortgage? When you start talking about the numbers making sense in this market, you’re talking $200k+ of liquidity required, and…

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Acquisition Maverick @rightpractices

5 days ago

I’ve said it before, and I’ll say it again. The “Passive income” trope in business ownership is the “$99 a month payment!” as seen on TV. For a very select few, it works out that way. For most, even things like managing real estate is complicated… and all have their…

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Acquisition Maverick @rightpractices

a week ago

Finance people tend to over-focus and over-prioritize the financials. Financials are *INCREDIBLY* important, but it's important to remember that Sales and Product / Operations (combined) are more important. They just are. A killer product with an operator who is mediocre in…

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Acquisition Maverick @rightpractices

a week ago

2016 Jeep Wrangler with a blown engine. 100k miles on the clock. $10k repair bill (est.) for a new block. Should I cut my losses or fork over the funds? Owned free and clear.

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Acquisition Maverick @rightpractices

a week ago

You need to stop what you’re doing and read this. It’s relatively short and it’s packed with powerful anecdotes and quotes.

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Acquisition Maverick @rightpractices

a week ago

Here’s a practical example of the value-gap in action: I pay a kid to mow my yard. It’s $50 every two weeks. Recently, I saw him (on camera) finish his mowing, and after loading his tools up, he took my empty trash cans up from the street to the side of the house where they go.…

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Acquisition Maverick @rightpractices

a week ago

Lately I’ve been thinking a lot about something I refer to as “the value gap” theory. The premise is simple: We agreed to a project at a cost of $1,000. The work I do is worth $1,000 to you, but to me it’s worth $750. The gross margin (on the books) is worth 25%, and…

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Acquisition Maverick @rightpractices

2 weeks ago

How much of your time is wasted on your mental load from errors you’ve made? I’ve long been one to dwell on mistakes and wonder what it’s done to my image. “Own your lapses in judgement, correct the problem, and move on.” — William McRaven, from “The Wisdom of the Bullfrog”

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Acquisition Maverick @rightpractices

2 weeks ago

Eric speaks the truth - learning the P&L even as a Finance major takes long enough (truly learn/master). If you don’t know why FCF matters more than SDE <$1.0M purchase price, hit the pause button on your purchase plans and work on studying financial statements.

SMB Attorney @SMB_Attorney

2 weeks ago

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Acquisition Maverick @rightpractices

2 weeks ago

Just finished a book that’s been recommended over and over. I will give a “recommend” with a few major caveats: 1. Frankl spends the first half of the book giving a fairly raw and unfiltered POV of life in a concentration camp. If that sort of thing is too much for you, you…

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Acquisition Maverick @rightpractices

2 weeks ago

What value does your business provide? If it’s not different than your competitors, then what variable is? Every single company website and mission statement has “the highest quality standards” and “unparalleled commitment to elevating customer experiences.” You can’t just be…

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Acquisition Maverick @rightpractices

2 weeks ago

I have a friend that got into the Buy-Renovate-Rent-Refinance (BRRR) method pretty heavily, just before covid. His wife is military, so they put either 3% or 0% down. They renovate and rent it out, then refinance and take the equity forward to the next flip. So all of the…

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Acquisition Maverick @rightpractices

2 weeks ago

Few things are better than a check sheet returning all zeros.

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Acquisition Maverick @rightpractices

2 weeks ago

Accrual basis accounting teaches better business ownership habits than almost any other thing. The definition of saving until you can afford something. And not looking at cash in the bank.