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Take Five #038: Take Five #038: The 27 best threads for small business & entrepreneurship in 2022 and more

1. The Mother of All Mega-threads: the 27 best threads for small business & entrepreneurship in 2022

2. How to process yourself out of a job as an owner (and 199 comments debating whether its possible to be a passive owner)

Two sides of the debate on whether or not passive ownership is possible:

In comparison to a Businesses for Sale by Owners Facebook post that has garnered 199 comments, many of which claim that passive ownership is impossible (full post here).

Original poster asked: “What are successful examples of absentee/passive run businesses? What is typical ROI? Please chime in!”

3. The Silver Tsunami playbook, with a full list of who’s who to follow on Twitter for each step

4. How one immigrant used an 800k SBA loan into a $10B company

5. The 2022 Year in Review, across the board

Lots of reflection on the past year (and goal setting as we enter 2023!) from various searchers, companies, and polls. Some of our favorites here:

Big Deal Small Business: 2022 Year in Review:

The question I get asked the most is, “How do you feel about the decision to leave PE and buy a small business?”

The short answer is that I feel good about the choice.

The longer answer:

At 10 months in, it’s honestly still too soon to say if it’ll be a successful decision financially. I think I can safely rule out the worst outcomes (blow up immediately, employees/customers quit, etc.) but we can’t rule out the middling outcome (struggle to grow, all cash flow focused on repaying SBA loan, etc.).

But I can see a light at the end of the tunnel that reveals a larger business, a less fragile business, and one that sports more of a manager layer.

David LaMore’s 2022 Annual letter:

I saw an opportunity to document my learnings about search as I reflected on my experiences throughout fundraising. It was not like I was doing anything that challenging, but there was no place to find those practical nuggets of advice.

Fast forward to today, and the Maverick newsletter has become a resource for budding and current searchers to reflect and gather ideas about how they can achieve their ETA goals. It has also become a community where we can learn from each other and grow. Connecting with many of you in 2022 has proven to be my biggest reward for starting Maverick, especially as I go through the search phase solo, and I look forward to developing more and deeper relationships with you down the road.

From Privsource’s summation of the 37th Coller Capital Global Private Equity Barometer (read the full report here):

• PE and private credit are viewed as more attractive by LPs than public markets in volatile times
• The macroeconomic environment and inflation are LP’s top concerns over private equity returns for the next 2-3 years
• More LPs are investing in PE energy assets than four years ago, in both renewables and hydrocarbons
• One-third of LPs plan to increase allocation to alternatives over next year vs. one-half, 6 months ago; Fewer LPs are planning increases in allocations to private equity

Our Kumo Year in Review:

• In 2022, we sourced 217,853 deals. That's exactly $265,722,658,243 in combined revenue.
• We found a grand total of 499,699 listings across 80+ sources, which our proprietary deal engine analyzes and algorithmically cleans to present you the most up-to-date deals (refreshed every 24 hours!)
• Kumo detected 206,201 listings that were de-listed (either from being sold or just removed by brokers.)

Plus, how SMB Twitter has truly blown up in 2022:

Loved what you read? Subscribe to Take Five to get our top quick reads every week from the team at Kumo. Kumo aggregates thousands of sources into one easy-to-use platform so that you can spend less time sourcing, and more time closing deals.

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