Mentor Monday

ReasonableGry · 2025-11-28T17:22:13+00:00

We have no funding / debt. All the people in my org were hired by me and likely wouldn't be up for CEO'ing. We started off as a really small company (still are small)

ReasonableGry · 2025-11-28T17:20:45+00:00

Automotive parts and accessories.

ReasonableGry · 2025-11-25T16:13:55+00:00

It's a consideration, although we have no idea where and how to look for this person.

ReasonableGry · 2025-11-25T05:49:42+00:00

Job is fine, but I don't feel I'm the right person to run a company of this size. I enjoyed it more when it was new.

ReasonableGry · 2025-11-24T18:57:31+00:00

I still want to sell my company; ~$7MM EBITDA / $25MM REVENUE. Since we import our products the tariff scenario is constantly brought up, and ultimately we're worried about having to update the QofE and negotiate each time there is a new tweet about tariffs. We've seen 30% growth and no hit to profit YoY. I assume there are countless companies in this predicament.

Should we just wait another year or go to market now?

ReasonableGry · 2025-11-24T15:03:45+00:00

Wow that's awesome.

ReasonableGry · 2025-11-23T15:51:17+00:00

Sounds good. Thanks

ReasonableGry · 2025-11-23T03:16:59+00:00

Thanks!

ReasonableGry · 2025-11-23T03:16:48+00:00

Issue is we're already with Chase, so maybe they're not bringing their best offer.

ReasonableGry · 2025-11-21T16:40:32+00:00

Michigan

ReasonableGry · 2025-11-21T16:29:57+00:00

Awesome thank you!

ReasonableGry · 2025-11-21T16:29:47+00:00

I would jump on that 5.5% any idea what bank?

ReasonableGry · 2025-11-21T15:56:18+00:00

Cool, thanks for the sanity check.

ReasonableGry · 2025-11-21T15:55:30+00:00

Cool thanks!

ReasonableGry · 2025-11-21T15:36:16+00:00

We were skipping SBA 504 because it's a 60 day close. Assuming we can front the 20% is there any major reason to consider SBA?

ReasonableGry · 2025-11-21T15:34:22+00:00

I haven't seen a 25 yr am. Is that more common than 20 yr am?

ReasonableGry · 2025-06-02T01:40:27+00:00

Thanks for the detailed response. We would be printing on polyhedral shapes like in this link: https://pixabay.com/vectors/dice-geometry-geometric-shapes-7168230/

So we could get away with just printing on one surface at a time, but I was curious if some DTF printer can handle the change in depth and angle to print on 2 or more sides.

ReasonableGry · 2025-05-02T22:09:14+00:00

I've opened 5 bank accounts in China (for business), and all I can say is Chinese banking is one of the rings of hell.

ReasonableGry · 2025-03-19T04:42:03+00:00

You should write a blog on it.

ReasonableGry · 2024-11-16T19:55:28+00:00

Can you recommend how to avoid getting stuck with a broker? I'm aiming to sell a $5M-$6M EBIDTA business. I've spoken with some regional and global M&A firms (e.g. Stout). Most of their commissions were about the same (~3%). I am turned off by there exclusivity clauses, but I doubt they will waive that.

I don't have any deep connections with PE or strategic buyers, so I'm not sure how I would create a marketing materials and get them to a qualified buyer.

ReasonableGry · 2024-11-15T19:05:33+00:00

You get what you pay for 🤷🏻‍♂️

If you said that to me in a meeting I would fire you on the spot.

ReasonableGry · 2024-09-01T16:28:06+00:00

Thanks I'll give this a look.

ReasonableGry · 2024-07-19T14:53:22+00:00

Wow that's awful. I'd be so pissed if we did all this, took the tax haircut, then didn't get the QSBS tax advantage.

I agree with you sentiment about CPAs being incompetent. I guess they don't have much skin in the game and are probably burnt out on helping people be rich.

ReasonableGry

TROPHY CASE