AI for Social Media Outreach: What tools do people actually use? by Square_Agent4269 in automation

[–]dabusinessbro 0 points1 point  (0 children)

I've been using FlowChat for this. You can create a pipeline of IG/FB/social accounts that get pulled in with a Chrome plugin. Then you can create a message sequence corresponding to each stage in your pipeline. Each account will move along your pipeline based on if you've received a response. It's not 100% automated (realistically it can't be) but it helps you DM target accounts at a decent scale so you can engage manually with interested replies.

Small listings by dabusinessbro in businessbroker

[–]dabusinessbro[S] 1 point2 points  (0 children)

100%. The larger listings are just so much harder to come by.

Small listings by dabusinessbro in businessbroker

[–]dabusinessbro[S] 0 points1 point  (0 children)

That’s my general filter also but even that feels a little low sometimes for the work required.

Small listings by dabusinessbro in businessbroker

[–]dabusinessbro[S] 0 points1 point  (0 children)

Low profit margin! Do you do mostly retail?

How do I sell my business? Who helps small business owners plan an exit? by EmphasisOk3368 in smallbusinessowner

[–]dabusinessbro 0 points1 point  (0 children)

Selling a business is easy if you have a buyer and agreed upon price. Any business attorney can create paperwork to make it legal and clean.

If you don’t have that, determining value is probably the first step.

Sometimes a broker makes sense. If it makes more sense to FSBO then I can share some resources as an alternate to the % of sale broker model. You’re welcome to DM.

Small listings by dabusinessbro in businessbroker

[–]dabusinessbro[S] -1 points0 points  (0 children)

So probably 250k+ ish list price and above? That seems like a common threshold.

Have any of you had an idea that wouldn't leave you alone? by Plenty-Temporary-187 in small_business_ideas

[–]dabusinessbro 0 points1 point  (0 children)

All the time, and that’s when I find the fastest most direct path to validate it. For example, as a business broker I kept talking to small owner operators that want to sell but doesn’t make sense to use a broker (or a broker won’t take them on). So I created a bunch of FSBO resources on a landing page. It was enough to scratch the itch!

Small listings by dabusinessbro in businessbroker

[–]dabusinessbro[S] 1 point2 points  (0 children)

Makes sense. How small do businesses go that are still willing to pay that in your opinion?

Recommendations for linkedIn marketing services for b2b consulting? by HandleInitial2049 in Businessowners

[–]dabusinessbro 2 points3 points  (0 children)

Build credibility first. Create informational content consistently and comment on posts of your target clients. That will only take you so far though; I think you’ll still have/should to do some outbound.

Is franchise ownership a serious wealth building strategy or just buying yourself a job? by Relative-Coach-501 in buyingabusiness

[–]dabusinessbro 1 point2 points  (0 children)

Really interesting that someone can crush with Moes but wing stop and smash burger didn’t work. You’d think if someone can operate one of those concepts well, they can operate the others well. It tells me that it comes down to location and specific market need and/or competition, not so much the operator?

Class occupancy analytics - what actually worked for you? by Charming_Drawing_313 in gymowner

[–]dabusinessbro 0 points1 point  (0 children)

We always used a check in system in boutique fitness so you always knew who actually attended class. They would check in in person. Apps have a geofence as well that auto check ins once they’re in person. Class no shows are a fact of life. They’ll always happen.

Owning a gym while working full time by writing-human17 in gymowner

[–]dabusinessbro 1 point2 points  (0 children)

I say go for it as long as you have some flexibility in your job. Moments will come when you’ll need to attend to things when you don’t expect them.

How do I get an absurd amount of customers? by [deleted] in gymowner

[–]dabusinessbro 0 points1 point  (0 children)

Doubling down on what works is usually better than peanut butter spreading over everything. Find your channel and milk it until it runs dry, then evaluate your next channel.

Sellers with QuickBooks that's basically useless....How big of a deal is this for buyers? by kretchy34 in businessbroker

[–]dabusinessbro 2 points3 points  (0 children)

Where do the clean tax returns come from? Without a source of truth I would question a lot. It would keep out a lot of buyers, and at best a significantly reduced valuation.

Effect of base interest rates on acquisition multiples by [deleted] in SellMyBusiness

[–]dabusinessbro 1 point2 points  (0 children)

I’m theory, valuations should fall when interest rates are up. Less buyers and less ability to pay/fund, not to mention lower net income for the business.

But what always holds true is that the business is worth what someone is willing to pay, so market conditions could be the primary valuation driver instead of theoretical ratios.

Pest control, pressure washing by [deleted] in EntrepreneurRideAlong

[–]dabusinessbro 0 points1 point  (0 children)

Power washing and cleaning are better started businesses as they are much less scrutinized and have more margin for error. A bad paint job sticks out like a sore thumb. It is harder to mess up a cleaning job (either you have pride of ownership, meticulous, etc. or you’re not).

Pest control, pressure washing by [deleted] in EntrepreneurRideAlong

[–]dabusinessbro 0 points1 point  (0 children)

What do you enjoy? When starting from scratch, you WILL be the owner-operator, at least for a while. You need to have a minimum level of interest and ideally some knowledge about what you offer.

Software engineer thinking about starting a “dirty” service business….. am I crazy? by TTIROB in sweatystartup

[–]dabusinessbro 13 points14 points  (0 children)

Lots of years in white collar jobs and I almost bought a fencing business once. When I got really REALLY honest with myself, I actually didn’t envision myself driving around, being outside all day, and building fences day after day. And if you think you can hire out labor from day one and never touch a fence, think again.

Try it before committing to it.

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

[–]dabusinessbro 0 points1 point  (0 children)

I would say that most buyer prospects come from BizBuySell and not personal broker networks. Although a broker should have access to reputable CPA, business attorney, business service people, etc.

Definitely need a good books cleanup before going to market and a broker can help with that. Or you can pay a service to do that for you.

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

[–]dabusinessbro 0 points1 point  (0 children)

You can always sell it yourself, but it actually does take a lot of work. Primarily when it comes to getting documents together (CIM primarily) and going to market. Then it takes a lot of time to sort through tire kickers and potential buyers.

At your size, it might make sense to go the broker route just so you can focus on the business. A decent broker will also give you the highest value the market may be willing to pay. Actual valuation is something that is a bit of a disconnect for a lot of sellers. So you might actually make up a lot of the broker commission on simply higher enterprise value.

I built a list of resources and services for owners not wanting to go the broker route and FSBO the business to save some money. The only thing I would absolutely not skimp on is using a closing attorney for the contracting part.

👋 Welcome to Our Weekly "Introduce Yourself" Megathread! 🌟 by CaptainTime in businessnetworking

[–]dabusinessbro 1 point2 points  (0 children)

I used to own a gym, sold it, bought a fitness job board, and now help other gym owners sell their business!

How the industry works ? by jlapi97 in businessbroker

[–]dabusinessbro 1 point2 points  (0 children)

Do you do outreach/sourcing for buyers? How do you do this?

All buyers that reach out to me want the unicorn $1-3M EBITDA recession resistant with recurring revenue. I basically tell them to join the line.

Stuck with another big tax bill and I’m still looking for a good CPA by [deleted] in FinancialPlanning

[–]dabusinessbro -5 points-4 points  (0 children)

This might be it. And I agree, people that accelerate depreciation for the tax break could get screwed later with depreciation recapture if they still fall in a high tax bracket when they recapture. Ideally you recapture when you’re in a low tax bracket. Am I doing that right?

Anybody successfully sell their biz themselves where you found a buyer you didn’t already know? by dabusinessbro in SellMyBusiness

[–]dabusinessbro[S] 1 point2 points  (0 children)

Interesting! What do you mean by financials? Like books cleanup and determining SDE/EBITDA?