A trend I’m seeing recently on scoping calls:. - buyer acquired their business in the last 12-18 months.- didn’t find the time / invest the money to get the financials cleaned up.- revenue and cash flow whipsaw suddenly. If you’re in a similar situation, we have a dedicated.

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After working with over 100+ business owners in dozens of industries anywhere from $1M to $50M revenue, I've noticed one thing:. Business owners hate their outsourced bookkeeper. And here’s why:. After you pass ~$5,000,000 in annual revenue, working with an outsource bookkeeping.

Underrated form of financial management. Review every god damn transaction. We were incidentally charged almost 7k for an incorrect renewal that we explicitally informed our rep we were not renewing. Check every item!.

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Bizbuysell listings are hilarious. Broker:. “Only $100,000 in working capital needs!”. Our Quality of Earnings:. $400,000 in NWC. Someone please tell me where brokers get this information 😂.

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We're using Gamma + Loom to create SOPs and training docs. So far it’s awesome. I like Gamma because you can create written decks with little diagrams really easily, then you can embed Loom videos right inside the slides. So I just started building this training manual template.

Something our company started doing I’m proud of:. Creating employee training/SOP materials for the people’s specific learning styles. - creating written guides for reading/writing learners.- creating video guides for audio/visual learners.- creating “live call” guides for our.

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How a deal can blow up because of a working capital:. A couple years ago I did a quality of earnings on a ~$5M chemical manufacturing company. They would create custom chemicals for Fortune 500 companies, and had to hold a ton of raw materials in inventory so they had quick.

yo @MatznerJon whats that german word for when you have everybody in your entire organization focus on one single thing and create an incredibly concentrated force.

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I Just saved $50,000 because of my 16K social media followers. Here’s the deets:. On may 6th, I posted a job opening for a Quality of Earnings Director. Total comp $170k - $200k - this is a senior finance role. By May 7th, we had 10 applicants, 5 of them were solid/qualified.

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Here's our plan to increase profit per employee in our business:. We're implementing a new system to track revenue per employee per week and literally look at everyone's specific production. Here's how we're implementing it:. 1) Set clear targets. Each person gets a weekly.

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As I’ve been building a ton of SOPs lately, I’ve realized that “process building” is way more involved than just documenting something and handing it off. You can’t just tell someone, “here’s a checklist, go do this.” . You have to teach people the process and the mindset around.

We did a “post tax season debrief” with our new acquisitions to get some honest feedback into how my cofounder and I have managed the transition so far. One repeated piece of feedback we got was that “there wasn’t enough communication or training”. And it left a lot of people.