Take Five #132: “5 Forces” framework helps assess an industry’s competitive landscape, and more
Top five must-reads this week in the world of SMB acquisitions and operations
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Take Five #132: “5 Forces” framework helps assess an industry’s competitive landscape, and more
1. Fast funds from just anyone might not be best in the long run
2. Why hanging out in the $1M-$3M revenue range can feel like a struggle
3. Acquiring Minds Interview: Broker buys termite inspection company
Matt Railla was working as a rookie business broker, and he had this listing that generated a ton of interest, but no buyers could ever get serious about it.
It was a termite inspection business in LA.
Retiring owner. Nearly half a million dollars in SDE. Deep network of referral business built over years. And a seller he'd built a lot of mutual trust with.
So finally Matt asked himself:
What if I buy this business?
Now, doing so meant being willing to do the work himself. To learn the trade. To become a termite inspector.
Which, if you don't know anything about that particular business, means crawling under houses with the bugs and rats.
But of course that's not the end goal.
Listen to the Acquiring Minds podcast episode here.
4. Difference between a searcher and a buyer…💲💲💲
5. “5 Forces” framework helps assess an industry’s competitive landscape (post features a slideshow overview)
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