
Nick Anderson
@theonenicka
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CEO | OneAccord
Bellevue, WA
Joined September 2015
Most entrepreneurs didn’t build their businesses to exit. It makes sense right? They are focused on scaling and building. Or they assume they’d pass the business on to their children, or maybe they doubted it would succeed in the first place. If you’re in this situation, it’s
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Without clear rules, every decision had to go through me. That’s not a business. That’s a prison. Structure gave my team freedom, and gave me my time back.👇
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Leadership during change isn’t about more control—it’s about more listening. Short, frequent meetings uncover what customers and teams are really saying. Change is hard. Silence makes it harder.
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Here’s a dangerous yet factually correct sentence on leadership: “Successes are we, and failures are me.” Sounds poetic, but here’s the danger in this claim. First, it’s true. If people on your team are underperforming and you take the blame, it’s your fault. It’s your fault
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I love the sense of community I feel here Men pushing positivity into the world. Crush the day gents! @Dr__JE
@tyromper
@soccer4kev
@ChipProbe
@PonderingMoore
@menslifelineaca
@BigDadEnergyX
@TheeJoelLopez
@ryanstephens
@DanielRaz_Fit
@dustinthedad
@EliteSentinelx
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There you have it. The buyer’s lender isn’t your lender. But since a lender is involved, you need to think from the lender’s perspective when selling your business. Their problems become your problems until you exit successfully. Never forget it.
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Weaker business metrics are normal during market downturns. But how did you weather the storm during this time? Resilience matters.
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BONUS: Conditions Lenders will factor in the economic conditions surrounding the period of the business they’re analyzing. What happened in the economy, local markets, etc.
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However, there may also be outside collateral or a personal guarantee involved. Find out what the buyer’s willing to put on the table to make the deal work.
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3 - Collateral Collateral in case your buyer doesn’t pay the loan is important. That’s typically the business itself, the assets, cash flow, real estate, etc.
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2 - Capacity Does the business in question have the long-term capacity to pay back the loan? If your company doesn’t have any cash flow left to pay the principal + interest, the lender won’t be pleased.
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1 - Character Underwriters will look at the buyer’s character. Simply put, people pay back loans, balance sheets don’t. This is why you should be analyzing potential buyers by their character. If it’s important to the bank, it becomes important to you.
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Understanding how banks make loans is critical. Even if you’re the seller of the business in question. Here are the 3 Cs of credit you should understand:
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The ROI on being capable of taking her hand in dance without preparation is exponential.
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February 14, 2016 was a before-and-after moment. I realized I was the only parent my children had left. To lead them, I had to change—my head, my heart, and my body.
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I started in banking at 17, and told my boss I’d quit after 25 years. 24 years in, I asked him to lay me off. That decision changed everything.👇
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The Wave of AI DefenseTech and a New Player in Rapidly Growing Market- @VWAVInc VisionWave Holdings ( Nasdaq: $VWAV) Major defense contractors like @LockheedMartin ( NYSE: $LMT) and @northropgrumman ( NYSE: $NOC) investing heavily in AI. paid content distribution
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Most leaders are terrified of being labelled a “micromanager.” To the point where they don’t manage enough to begin with. I get it. Nobody wants to be known as the overbearing boss. And breathing down someone’s neck 24/7 isn’t exactly good leadership. Instead, you need to
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At four years old, I stood on the porch as my father left. It was my first encounter with abandonment. Years later, I see how it shaped trust, resilience, and the way I lead.
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Remember when rollerblading was cool? We’re bringing it back. One stride at a time. Who said cardio had to be boring?
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This was a sneak peek into a book I just published called: “Six-Word Lessons for C-Suite Executives.” It’s available on Amazon. Have a great day!
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Aaron Siri, Esq., destroys the claim "vaccines have saved 154 million lives." Siri points out the study doesn't have a reliability range. "It could be equally true that 200 million lives were LOST because of the vaccine program.'' "This is the embodiment of the corruption of
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