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.
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This month I had a new partner point out that we spend more time evaluating a specific manager than a specific company. It’s true. Our Executives-on-Deck may spend 3-9 months tagging along on numerous lunches and coffees with a wide variety of people before joining our payroll. A particular business might be judged in a Read more about People Power[…]
We have all heard the phrase ‘quality over quantity,’ right? Well, I recently heard the statement ‘quantity before quality’ and really appreciated it. Before mastery, one must persist through a substantial quantity. A child’s first shot at the basketball hoop is poorly formed and only miraculously made. People are not born master pianists. A true Read more about Persistence Before Mastery[…]
Little Engine Ventures (LEV) recently acquired Lafayette Tool & Die of Lafayette, IN from Larry and Judy Skinner. Judy will begin a transition toward retirement and Larry will remain on staff and serve as the lead toolmaker. “The introduction to Daryl and his model with Little Engine Ventures was good timing. I was not sure Read more about Little Engine Ventures Acquires Lafayette Tool & Die[…]
A friend of mine recently broke his neck surfing. He caught a wave, rode it the distance, and essentially forgot to stop. The thrill captivated, carried and ultimately ejected him headfirst into the sand like a javelin. I still imagine the inertia of his body folding around his ears as he goes limp in the Read more about Surfing a Wave of Razorblades[…]
Much has been written of selecting an investment manager. What about managers selecting investors? Some of my favorite authorship on this subject is from Warren Buffett in his 1960’s partnership letters. In these annual letters he repeats the concern about compounded costs incurred by employers of large institutions who overlay their own reputational risk upon Read more about Selection of Business Partners[…]
Today, I was referred to a potential small business buyer and manager. He has some cash but is looking for an equity partner… maybe. While I’m grateful for the referral, I also sniffed out a few problems. Being the nice guy that I am, I wanted to save the individual from some serious bruises from Read more about An Email to Executive Referral[…]
Have you ever heard someone say, “create your own luck”? I believe there is skill in selecting situations where the magnitude of a good outcome far outweighs the magnitude of the distasteful outcome. This is my interpretation of creating your own luck. Probabilistically: Look for coin flips where heads you win $100, tails you lose Read more about The Skill of Luck[…]
We had another business owner in our office this morning. It was basically a meeting we came into cold. He had read an article about us, checked out our website, and thought our values might align. So he reached out. Early in the conversation he said, “I don’t know you from Adam.” We made a Read more about Not retired but not required[…]
My good friend, Jason, tipped me off to this quote years ago… Rather than “No, because…” “Yes, if…” We liked it so much that when designing MatchBOX, he put it in one of the most prominent spots. We wanted the community of MatchBOX members to always have an attitude of saying yes to things. It’s Read more about No, because… Yes, if…[…]
For a number of years I wondered why Warren Buffett used the phrase “Investment Ideas” in his early partner letters. While I still don’t know exactly, I think the Oracle was saying, “buy & build” or “acquire & innovate.” Buffett is known as a value investor from Graham-Doddsville. “Investing” is about buying with a margin Read more about Investment Ideas[…]