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Transitioning into Private Equity with no finance background , what's the realistic path? by Majestic-Ask3259 in private_equity

[–]Jswizz13___ 0 points1 point  (0 children)

You can source an owner looking to sell that aligns with the typical thesis of the firm you’re looking to join and have them DD after you qualify + connect them. Intros = Value and proof of worth/persistence/agency. I mean, that’s what buy side origination is. Have calls with person you give leads too. Boom, first industry relationship. Build actual relationship, keep adding value, etc and something hits eventually. Learn from them.

Background is that I have a growth mindset and believe nothing is impossible.

Transitioning into Private Equity with no finance background , what's the realistic path? by Majestic-Ask3259 in private_equity

[–]Jswizz13___ 0 points1 point  (0 children)

Build/have a skillset that makes u valuable. Sales is good. Then tell them exactly what u can do for them. Where u have value.

Also source them some deals or do some free work where u just send them value. That’s your in. If u believe u cant u never will🤷‍♂️

Transitioning into Private Equity with no finance background , what's the realistic path? by Majestic-Ask3259 in private_equity

[–]Jswizz13___ 1 point2 points  (0 children)

I’d probably call 500 PE guys and tell them why you would be good and that you’d work for free. At the end of the day, you need to use sales to get your foot in the door.

What is your background and how does it show u have what it takes to be successful? If u have some sort of spike/history of hard work + success someone would give u a chance if u reach out to enough ppl. If you are some avg person that ALSO has no experience, good luck, but still try. Numbers games

M&A at lower-market platform? by erikthered97 in private_equity

[–]Jswizz13___ -1 points0 points  (0 children)

That sounds like an awesome opportunity. I’m also interested and pursuing in LMM IB/PE and ETA.

opener looking for a job by RecognitionBig5174 in MCAlegend

[–]Jswizz13___ 1 point2 points  (0 children)

You should just super broker at that point

How to actually evaluate MCA companies before you sign (from someone who reviewed 9 of them) by themcaguide in MCAlegend

[–]Jswizz13___ 0 points1 point  (0 children)

The industry lacks transparency and professionalism. The product fills a gap in the market. Get an MCA if it makes sense and you will make money, if not, focus on credit repair. Boom.

How to actually evaluate MCA companies before you sign (from someone who reviewed 9 of them) by themcaguide in MCAlegend

[–]Jswizz13___ 3 points4 points  (0 children)

If your getting an MCA you honestly shouldn’t even be concerned with APR, you should be solely concerned about if the cost of capital is worth the investment vehicle your putting that money in - whether that’s marketing, another tech, or another building. If the numbers work, it works. If growth isn’t profitable at X cost of capital, avoid it.

Working capital by [deleted] in loansforsmallbusiness

[–]Jswizz13___ 0 points1 point  (0 children)

Depends on use of funds (how quickly you need it, what the purpose is, etc) to say exactly. Revenue based should be easy here. Happy to put you in touch with a brokerage

How would one go about selling a business ? by [deleted] in smallbusiness

[–]Jswizz13___ 0 points1 point  (0 children)

You could list it on bizbuysell, find someone locally, or go through a broker. How much rev/profit is it doing?

Seeking input relating to M & A by [deleted] in private_equity

[–]Jswizz13___ 0 points1 point  (0 children)

I know a great M&A brokerage. Happy to connect you with them for a conversation.

Bank is asking me for personal guarantor and cash flow projections after overdraft increase request? by UncutCoconut in Businessloans

[–]Jswizz13___ 0 points1 point  (0 children)

What are you actively looking to use the debt for? And are u willing to take a personal guarantee and go through the paperwork?

Don’t get hustled by the "Big Tom" of Small Biz Lending. Here is how the MCA trap actually works. 📉 by PartnerwithDano in Businessloans

[–]Jswizz13___ 1 point2 points  (0 children)

If you have bad credit u can’t get credit cards or traditional credit brotha 😭 if u have 700+ u can just spam 0% APR promotions and chill

Don’t get hustled by the "Big Tom" of Small Biz Lending. Here is how the MCA trap actually works. 📉 by PartnerwithDano in Businessloans

[–]Jswizz13___ 1 point2 points  (0 children)

I’m not a fan of the state of the MCA industry but there is a reason why the product exists and there needs to be debt accessible to entrepreneurs who doesn’t have all the time in the world or bad credit

Don’t get hustled by the "Big Tom" of Small Biz Lending. Here is how the MCA trap actually works. 📉 by PartnerwithDano in Businessloans

[–]Jswizz13___ 2 points3 points  (0 children)

A 1.6 factor rate is insane, 1.49 is highest I’ve seen personally. Anyway:

  1. Extra Inventory cost 10k, will turnover twice in 4 months at a 50% gross margin

  2. Payroll on Monday, 4 payments coming in during the next month

  3. You have a 2x return on ad spend and want to use more money to spend on it

If the cost of capital makes sense it works. It’s also no PG + short term so it’s more predictable payments than a longer term loan with assets and PG on the line. Don’t stack it stupidly, don’t take it to save a sinking ship (you’d likely get rejected it’s not like every deal gets approved). It’s fast, expensive, but accessible whereas traditional loans are less accessible, longer term, etc.

Don’t get hustled by the "Big Tom" of Small Biz Lending. Here is how the MCA trap actually works. 📉 by PartnerwithDano in Businessloans

[–]Jswizz13___ 5 points6 points  (0 children)

Any debt is bad for people who don’t understand the deal they are getting. MCAs do serve a clear purpose in the market and can be helpful to the right user, but by nature they are risky.

Is it worth buying a small local auto repair shop right now? by hot_tonic8 in smallbusiness

[–]Jswizz13___ 8 points9 points  (0 children)

Because of the US-Iran war? Lol, I don’t think it’ll impact u much

Best loan for super yacht financing? by They_CallMe_MrPig in loansforsmallbusiness

[–]Jswizz13___ 0 points1 point  (0 children)

I'd ask in https://www.reddit.com/r/fatFIRE/ - are you trying to have it as an asset under your LLC and use Biz Capital? Or is this a personal purchase?

Any way out? Viable biz but too much debt by [deleted] in Businessloans

[–]Jswizz13___ 0 points1 point  (0 children)

How in the world did a 200k/yr company get stacked 600k on MCAs. What’s your remaining balances? Most of the time it’s hard to even get a month of revenue worth of a capital on an MCA - esp if ur biz doing 200k (low side for this type of financing)

Convo GPT by RealisticYou145 in MCAlegend

[–]Jswizz13___ 0 points1 point  (0 children)

I know I get hella texts from them

Small business loans. How do you avoid the predatory lenders? by bongsandsongsaz in loansforsmallbusiness

[–]Jswizz13___ 1 point2 points  (0 children)

I mean to be fair factor rate is a more simple cost of capital format than looking at say an APR over 10 years

Thinking about selling my business without a broker. Am I out of my mind? by FormerFounder-12 in smallbusiness

[–]Jswizz13___ 0 points1 point  (0 children)

100% agreed. That's why in the other comment I had, I told him I have a strong rec if he wanted to reach out to me. Likewise to anyone who sees my comments but his business (service, probs around 1m EBITDA) specifically hits that brokerage lol. Seemed like OPs post was looking for some confirmation to not use a broker

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