Take Five #019: Turns out Eggcartons.com was a wildly profitable business acquisition, and more

Five takeaways we loved at Kumo this week

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Take Five #019: Turns out Eggcartons.com was a wildly profitable business acquisition, and more

1. Top takeaways from HoldCo Conf: “The Road to Riches is Paved with Lots of Lanes”

If you missed HoldCo Conf like we did (someone on our team got married the same weekend!), have no fear—lots of great takeaways on these Twitter threads:

Stephen Olmon @stephenolmon

For anyone interested in @HoldCoConf I'll be adding takeaways / soundbites in real-time from both 1-on-1 conversations and the main sessions etc Follow along below 👇

Chris Munn @chrisxmunn

Last week I attended @HoldCoConf in Cleveland. There was incredible value shared. Here are my biggest takeaways:

SMBAcquisitionAttorney @SMB_Attorney

If you can't be at @HoldCoConf today for @smblawgroup partner @KHendersonCo's awesome presentation on holding companies... HERE'S A SNEAK PEAK! 👀👇

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2. Advice from seasoned CFOs on navigating a downturn

10 great lessons from experienced CFOs to help first-time founders/owners during an economic downturn:

Downturn Lesson #10: Surround yourself with the right people, especially at the board and leadership levels

When times are easy, the importance of having an engaged and experienced team or board of directors is often undervalued. The quality of the board and leadership team will be put to the test during a downturn.

From “Advice from Seasoned CFOs on Navigating a Downturn” by Cowboy Ventures

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3. How one woman bought and built an empire off Eggcartons.com

Cool tidbit from the interview: “I’m in the midst of something that precludes me from sharing figures publicly. All I can say is that our revenue is less than 50 million.”

Shaan Puri @ShaanVP

I have a new hero and her name is Sarah Moore. • Under 30 years old • Had no money, no experience. Biggest asset was her car (a RAV4) • Spent 1 year hunting through 100,000+ businesses to find ONE to buy • Bought a $20M+ business called “Eggcartons.com”, all debt

Shaan Puri @ShaanVP

This is what the website for eggcartons.com looks like. It might not look like it, but 40% of their revenue actually comes from clients like: • SpaceX • Boeing • Disney • Crayola

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4. Why you may need a partner in business:

Josh Schultz @joshuamschultz

Having autonomy in decision making is wonderful in small business ... it can also cause a lot of pain and slow your growth. I learned years ago I always prefer a partner. Last week was yet another example of why 👇

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5. A guide on due diligence for finding a great business:

Sieva Kozinsky @SievaKozinsky

Buying a business can be life changing. But how do you know that you’re not acquiring a bad business? A guide on due diligence that will help you identify GREAT businesses to acquire:

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