🧐What I Learned Last Week
Week ending Friday November 18, 2022
What I Learned Last Week curates the most interesting content relating to business acquisitions, operations, entrepreneurship, finance, and more. WILLW is a publication of The Business Inquirer.
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Hello Friends!
This issue of What I Learned Last Week is brought to you by Scott Oldford.
Scott Oldford is one of the top online business mentors and advisors and he also owns dozens of businesses that collectively generate tens of millions of dollars a year in multiple niches, countries (and even languages), across the world.
In his new "Investing with Scott" newsletter, he gives you a behind-the-scenes look into acquiring, building, and scaling businesses based on his experience of helping 100's of Entrepreneurs scale past 7 & 8 figures.
As an Entrepreneur since he was 7 and by 16 having a million dollar business while ending up a million in debt and now by 31, becoming a decamilionaire, he has a massive amount of insight, understanding, knowledge, and wisdom for scaling and building businesses.
You can check it out right here, perfect for Entrepreneurs and Investors alike.
📰 Articles
Treasure Hunter is a leading content website aggregator. They published a blog post outlining the top trends for 2023.
Multiples will be dropping
Off-market deals will gain momentum
Flipper Fred will become extinct while Strategic Sally & Portfolio Paul will be thriving
Retailer investors will be able to invest in a diversified Content Website portfolio
Alternative forms of ownership will emerge
Financing options will not improve for retail investors
More transparency in the purchase of digital assets
5 trends (and 2 non-trends) in Content Website Aggregation for 2023
🧵 Twitter
How to negotiate with business sellers…
How to deal with customer concentration risk…
Great lessons on proper due diligence…
“SMB acquisitions are becoming normalized”…
Mega-thread on thriving in a downturn…
Create a win/win scenario…
Importance of “hustle” when just starting out…
It’s all about the fundamentals…
🤔 Thoughts, Events, Other
SMB Compensation
TriNet is giving access to a free webinar where you can learn about how the current economy is impacting compensation trends at SMBs.
In this webinar hosted by TriNet, you’ll hear from compensation experts at TriNet and Carta, Inc. about the impact of today’s economy and a shifting workforce on pay trends and what you should consider as you evaluate compensation strategies for your business in 2023.
Learn about:
How inflation, rising interest rates and a possible recession are driving reassessment of compensation strategies in 2023
Equity compensation trends: how volatile valuations and macro-economic conditions are impacting equity compensation
How compensation can support DE&I in a sustainable way
How to go beyond pay to keep employees engaged and motivated to contribute their best
How to develop a compensation philosophy that aligns with your business strategy and culture
You can sign-up here 👉 2023 Compensation Trends for SMBs
🛠 Tools & Resources
I want to share some tools & resources that I have found helpful. Please note that some of these may contain affiliate links. This means that I may receive compensation if you sign-up and use them.
Cerebro Capital - Cerebro has a network of 1,500+ lenders who can provide debt financing for your acquisition, refi, etc. $500k minimum.
X5 Deals - Proprietary deal sourcing. They do the outreach and send you relevant, actionable deals directly into your inbox.
Curators - Proprietary deal sourcing. You need targets that fit your investment criteria, and Curators delivers week after week - we even update your personalized database on a daily basis with new information on best-fit targets.
BizNexus - Proprietary deal flow, deal aggregator, and exit prep. Local Boston company and I consider the founder (Adam Ray) a friend.
PrivSource - Deal aggregator for lower and middle-market listings.
The Website Flip - a newsletter that sends content sites for sale to your email inbox. They send deals each Wednesday and Friday.
Kumo - Find every deal in one complete platform. Spend less time sourcing deals and more time closing them. Kumo aggregates 180K+ business listings into one easy-to-use platform.
ProjectionHub - Access to 50+ CPA-developed financial projection templates. 25% discount using code “duedilio” at checkout.
Logology - Best automated logo & brand identity tool I’ve come across.
DeepBench - Access a cutting-edge expert network. $200 discount.
OpenPhone - The best VoIP phone solution that I have found. I use this for DueDilio. You get a $20 credit if you sign-up.
Eloquens - Knowledge marketplace. I’ve purchased a few templates from them.
Deal Flow Scout - Peer-to-peer deal flow exchange. Free, open, transparent.
Deal Sourcing Guide - A directory I put together of online marketplaces, brokers, DFY deal flow, and more.
That’s all for this issue of What I Learned Last Week!
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Important Disclaimer: This newsletter is provided for informational & educational purposes only, and should not be relied upon as legal, business, investment, or tax advice. This newsletter may link to other websites and certain information contained herein has been obtained from third-party sources. While taken from sources believed to be reliable, it has not been independently verified. The Business Inquirer makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. References to any companies, securities, listings, investments, or digital assets are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any business, tax, or investment decisions. Content in this newsletter speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.