đ§What I Learned Last Week
đ§What I Learned Last Week
Top SMB M&A news for week ending Friday, December 30, 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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đ° Articles
Latin American VC posted an article with free links to global 2023 economic outlooks from the major investment banks.
The reports provide a measured outlook for 2023. The global economy is expected to experience slow growth globally, with projections from some banks ranging around 1.8%. The US is predicted to just avoid a recession, whereas the Euro area and the UK will likely experience a mild recession due to the influence of escalating energy costs. Inflation is projected to dwindle to 3% in late 2023 in the US, and the Federal Reserve is expected to raise interest rates by 125 basis points to reach a peak of 5-5.25%.
The investment outlook for 2023 is expected to be characterized by a new phase of increased macro and market volatility â a âgreat resetâ. This is likely to result in higher bond yields and ongoing pressure on risk assets, including tech public equities, startups, and venture capital. In such an environment, investors are advised on pricing the new normal, rethinking their approach to bonds, and living with inflation.
Economic and investment outlook for 2023 by top investment banks
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XO Capital released its 2022 year in review and itâs a great read, as always. The post talks about their journey, results, and the way they are thinking about the future.
Turning $300k into $1.3M (2022 Annual Review)
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Flippa just released its 2022 insights report for online business acquisitions.
2022 Insights Report | Online Business Acquisition
𧾠Twitter
Good explanation on why full standby seller notes donât meanintfully increase leverage or riskâŚ
The details are in the monthly dataâŚ
How to start a basic home service businessâŚ
How to think about deal size relative to interest ratesâŚ
Important to put things into perspective. Itâs not how much you make, itâs how much it buys youâŚ
A great reminder that thereâs no right/wrong path. I see this personally in my LinkedIn feed. Many former colleagues (analysts, PMs) switch career paths and pursue SMB ownershipâŚ
Good visual to broadly think about the core functions of various business typesâŚ
đ¤ Thoughts, Events, Other
đ 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.
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.
PrivSource - Deal aggregator for lower and middle-market listings.
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.
The Website Flip - a newsletter that sends content sites for sale to your email inbox. They send deals each Wednesday and Friday.Â
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.
Thatâs 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.