January 11, 2024

Take Five #063: Study shows strategic small business buying = bigger gains, and more

Take Five #063: Study shows strategic small business buying = bigger gains, and more

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Take Five #063: Study shows strategic small business buying = bigger gains, and more

1. How to price projects, plus numbers that drive growth in the service industry

Augusta Lawn Care owner Mike Andes dives into project pricing strategies, how to reduce capacity to increase price, and compares in-person vs. over-the-phone quote costs, with an insightful Q&A session at the end.

2. Top 5 small business mistakes and how to prevent them

3. ETA Insider Interview: Sponsored searcher’s steel security system business acquisition story

Nick Oberhouse discusses his 2021 purchase of DAWGS (Door and Window Guard Systems, Inc), why he went the sponsored search route, and how he navigated the acquisition transition amid economic obstacles.

4. Study shows strategic small business buying = bigger gains

Acquisition Lab’s Walker Deibel talks about a recent study showing that consistent, strategic small business acquisitions beat out larger, more refined purchases in overall growth, why innovation is crucial to SMB buyers, plus the 4 phases of industry consolidation.

5. SDE vs EBITDA vs Cash Flow: A really in-depth breakdown of how to determine business value and profitability (Save this one)

On Twitter, on podcasts, in newsletters, etc...you'll hear talk about "earnings" or "multiples" when it comes to small business acquisitions.

There is rarely a clear definition applied to these words. So you need to know how to think about profitability & multiples in a consistent manner, or you risk misunderstanding what you're buying.

Read the article here.

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