We help small businesses accelerate growth and become more valuable to all stakeholders. This means taking a long term approach to compounding while implementing the most impactful next step.
We are business owners with significant portions of our net worth aligned with you.
Get the latest blog posts delivered straight to your inbox.
Latest Blog Posts
Little Engine Ventures endeavors to lower transaction costs for illiquid investments. We do this by simplifying the sale of private company interests. Many small businesses incur 10% or more of the enterprise value in transaction costs. As an example, a $2M company might spend 5-10% on a broker, and another $20,000 to $100,000 on legal Read more about Lower Transaction Costs[…]
According to our experience and numerous surveys, most small business owners (<$10M enterprise value) intend to sell to an employee or family member. This can be a fantastic succession plan for many companies, especially closely held, private companies. The benefits of selling to an employee include ability to overlap management for a time, preserve the Read more about Selling Your Small Business to an Employee[…]
Inspired by Thomas Jefferson: 5 Occasionally wake early & read Family 6 Read & prepare a simple breakfast Family 7 Wash & commute 8 First meeting of the day 9 10 Design project 11 12 Business Lunch Meeting 1 Or extended reading 2 Alone Zone 3 4 Closing meeting 5 Commute (audio book) Family 6 Read more about Walk a Day in My Shoes – Starr[…]
We often say we are proudly midwestern. Our name not only comes from the children’s book but is also an homage to Daryl and Mikel’s alma mater, the Purdue University Boilermakers. Our office is just a couple of miles east of campus in Lafayette, Indiana. We’ve loved starting businesses, starting families, and growing both in Read more about Greater Lafayette Entrepreneurship Week[…]
The LEV team has been working together for just over one year. As I reflect back on our first year, I am struck by just how much I have learned in this relatively short period of time. I have learned that I still have so much to learn! Coming primarily from a larger corporate setting, Read more about Learning at LEV[…]
In addition to being CTO at Little Engine Ventures, I (Mikel) am privileged to serve Kossuth Street Baptist Church as a lay (unpaid) elder. My turn to write on the elders’ blog was last week. I was reminded of a couple of recent sermons by our preaching pastor and how they have impacted my work Read more about Work Heartily[…]
There’s a debate among linguists about how many words Eskimos have to refer to the English word ‘snow’. I’m not a linguist but it makes sense for them to have 50 or more words for snow. I don’t know any Eskimos but my belief is that anyone that is passionate, educated, and living in the Read more about Words for Snow[…]
An implosion is when something collapses under it’s own weight. At the risk of being a doomsday contrarian, I’ll propose a pre-mortem scenario worth thinking about. Act according to your own insights. This is not a recommendation but an exercise I’ve challenged myself to consider. The ETF indexes failed. How did it happen? There is Read more about Implosion of the Index[…]
Running a business is consuming work. That’s why we do it full time. What about owning multiple businesses? Lots of people do this passively (see my blog post “Implosion of the Index.”) But how many, do it well? Have you read all the 10-k’s in all the ETFs in all of your retirement accounts? Would Read more about Crocodile Investors[…]
Little Engine Ventures is located in a college town. I frequently find myself in conversations with students as they are in the process of job hunting. Sometimes I’m interviewing them. More often than not the conversation is just an informal mentorship situation. They are seeking some insight about which job they should take. I’ve been asked about Read more about Job Hunting by Company Size[…]