Mike the Lummox | ETA enthusiast | SMB Owner 🫨 Profile Banner
Mike the Lummox | ETA enthusiast | SMB Owner 🫨 Profile
Mike the Lummox | ETA enthusiast | SMB Owner 🫨

@Mikethelummox

2,664
Followers
3,697
Following
165
Media
5,778
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I left Tech & Acquired two #SMBs | #HomeServices and #Towing || DM me if you want to invest in my next acquisition.

Irvine, CA
Joined December 2020
Don't wanna be here? Send us removal request.
@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@Houst0ned @LegionHoops Exactly. This is 100% self-serving
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
24 days
@SteveWiesnerSMB Love this post! So it’s classic inflation — more money to spend = higher demand for goods = higher costs up the entire supply chain = higher prices at the register
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
2 months
How my life has gotten worse since being an entrepreneur: 1) I don’t read or consume knowledge. I used to read Bloomberg and WSJ all day. I listened to many podcasts 2) I can’t sleep most days. Can’t turn off the thoughts of undone tasks 3) Sometimes I neglect friends and
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
18 days
Mobile cigar truck. What are your thoughts on this business model? Can be rented for events
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@deck_mitch11840 @LegionHoops Promote them and form some type of joint marketing alliance. Why would the NBA do that? It’s a competitor and they could just create their own big 3 and squash this one. Welcome to capitalism 101.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
A customer owes me over $10K. Hasn’t responded to invoice attempts or emails. He’s answered 1 call, said he was just very busy and he apologizes. That was 5 days ago Can I run his card on file?
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@JamesJett45 @DethKDad310 @HoopMixOnly That’s a pretty good diss 👏
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@LogoLookaway3 @BronMuse @KingJames We regretfully do know these names and they were not good.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@russmvpszn @ClutchPoints @TMZ It takes a truly pathetic person to treat other humans that way You see it at games all the time
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@javonedmonds45 @ClutchPoints That’s how you see it because you understand the nuances of Int’l basketball. but sports entertainment is all about narratives. Here’s how everyone else will see it: The USA lost in an international tournament and that failure warrants redemption to reclaim our superiority
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
6 months
@dirtyhandsops His issue was just the price or using in stock parts? Why would he care? At most, that might constitute a discount you can’t win in your type of biz. It’s a service ppl don’t want but they need. There are going to be whiners. Same as in plumbing. You provided great service
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
@therealrobbiep That’s a good call. It would help with chargeback
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@EricNMoody @espn That would be 100 foul whistles today
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
7 months
@danyay I’M SO HAPPY YOU SENT THAT. People would be surprised how customers’ tunes change once you challenge them and let them know they’re crossing a line. No one wants to be fired. I’ve only had to do it twice… …but this is epic.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
Is it normal for a homeowner to ask a contractor for a COI? This is the first time I’ve ever been asked lol
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
7 months
Lots of searchers wanna know what it’s like to run an SMB. Here’s an example today. It’s really not brain surgery. 1. Customer has their floor scheduled to be coated today. Booking confirmations have gone out w/ reminders 2. They forgot. Garage is FULL of shit 3. We can’t work
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
25 days
@CLouvi That is absolutely ridiculous If you’re running a business absentee, it’s because you have great employees that you can trust Give them what they need to feel happy and cared for or they WILL leave The guy thinks must his success is purely a result of his own genius, I guess
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
2 months
I called him and he was surprisingly polite. He was just annoyed that it took so long to schedule his repair which I explained was due to trying to verify him as a customer. I apologized for that And I just said that I’m doing this out of good will and I need to know my crew
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@NickKaknes @mollyhannahm Idk, but you can’t reach his level without genuine passion for the sport. So I think he is just exceptionally good balancing the things he cares about.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
6 months
I hired an offshore business admin a week ago. This is what she’s done so far: - Tracked key sales metrics (close rate, close cycle time) - Set up new phone system - Set up new CRM - Connected CRM, phone system, Jobber together - Wrote SOP for a CSR role, including OKRs - Wrote
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
Today’s the 7th anniversary of my dad dying. LONG story about my dad, who was my idol and my best friend👇 Who was he? - He won the green card lottery and came to the US by himself when he was 14!!! from 🇮🇷 - Would sleep on friends’ floors and couches to get by. He’d tutor
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 month
We finally got our first 1-star review. It was from someone who is one of the two worst customers we’ve ever had. He’s an ex-cop with an apparent penchant for planting evidence. His floor was immaculate, and then he damaged it while it was curing. And so we fixed it because of
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
2 months
Need some advice There’s a ‘customer’ from 5 years ago who’s been calling and demanding we repair a garage floor. I have no record of them, but they did provide a copy of a check with our name on it. Nonetheless, they’ve never paid me or my company a dollar and there is no
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@therealanswers2 @KevinGarnett5KG I mean they came within 3 points of going to the finals so your point is an exaggeration.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@ddpage369 @SamQuinnCBS Because a) AD had leverage with an expiring deal and b) KD actually yielded solid return (as did AD) and c) Kyrie tanked his own value by being a disruptive burden Dame has no leverage and Miami has no assets. You’re comparing apples to bricks.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
7 months
It’s amazing what you can get with a tow yard. Here’s a ‘14 Corvette convertible. Not a cheap car. Impounded from a private property b/c the tags are expired. Usually this means the owner is broke or died. Not many broke Corvette owners out there, but this one is. We’ve had the
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
@jerreev83 Good call
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
3 months
Everyone talks about sourcing off-market SMB deals. And you probably have an idea of how that could work. It’s dead simple and effective The brilliant @TheTatoCorcoran partnered w/ me to send letters in hand-written envelopes to dozens of companies in Florida asking if they’re
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@JohnyyRicco @Jody_McFly Yes, i think he felt intellectually inferior to Max at times. He likes to feel like the smartest person in the room. You can tell by how much he rambles and how he needs to respond to every single point someone else makes whether or not it’s important.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
This week, I’m going to meet the sellers of a company in Detroit. The brothers have owned the company for 55 years! I straight up asked them what they care about most in the seller they work with: Price? Speed to close? Preserving legacy? They said [paraphrasing], “We’ve made
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@reesetheone1 @shendy456 Kinda proves the point
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@pixiiecat @darthlux The answer likely is: he doesn’t give a fuck because it doesn’t affect him
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@lissijean @muk_ankita There are noise laws in NYC that don’t go into effect until 10 or 11 PM. The neighbor can kick rocks.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@gamblers_dream @SportsCenter I would respect it if he actually had the spine to do the post-game pressers and accept the smoke that he asked for.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
18 days
@NeelBParekh are they in sales? If so, easy — no bonus or commission unless it’s in the CRM If it’s not a sales rep, hold a performance review. Review their productivity and base it off of the CRM data. Tell them they’re performing below expectations based on the CRM activity. When they
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
After meeting the sellers yesterday, I’m submitting an offer on a towing company with >$1M in SDE Let’s see how it goes… @lawyer4SMBs is putting together the LOI for me 😀 Don’t fall in love with any deal ok?
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
@zacurate Yeah I don’t understand your last line. When I do the work, I expect to be paid. That’s my end of the bargain.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
2 months
Actually no I’m gonna call him and just try to keep my cool but make it clear that we won’t be doing anything for him
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
7 months
Is it just me or is this a batshit clause to put in an NDA just to view a CIM?
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
@BarkNyrk It’s been two weeks. I’m sure he will pay but almost no one waits this long to pay us CC auth… I should add that agreement into our proposals
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
2 months
Listen to Bruce! SBA 7a loans are a ONE WAY door. There is NO ESCAPE HATCH. 🚫🚫🚫⛔️⛔️⛔️ Having experienced what this looks like in practice, I tell everyone now: Just because you can pay your SBA loan doesn’t mean your business isn’t starved of cash flow Lower cash flow means
@sbabmarks
Bruce Marks, MBA, CM&AA
2 months
WSS: Bruce, I am currently under LOI to buy a business that did $535,000 in EBITDA in 2022 and $978,000 in 2023. How does your bank look at this? Can we model this deal to see if it pencils? What should I be looking for? Well, read here 👇
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
6 months
Is there anything better than a wife who writes random notes like these? Grammar police, go away
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
3 months
Yesterday I drove 4 hours round trip to meet a seller who wants $8M for a $500K EBITDA biz (on paper) 😬🫨🫠 “Why are you wasting my time, dumb ass?” I asked myself the same thing 10X on the way up to Tampa 🏝️ But I actually think I have the construct for a deal & there’s NO
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@GregorVucajnk @CWilliamson44 Which effectively negates any journalistic credibility he brings to his trade… can’t be a sensationalist and a journalist.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
7 months
UPDATE Customer wasn’t angry, just said he felt de-prioritized because his job went from 1 days to 2 days and then he sees a truck roll up with another company’s logo on it without ever being told. I told him it’s the opposite — I’ll make very little money on the job because
@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
7 months
Apparently a customer is upset that I used a subcontractor to fulfill a job. Haven’t spoken to him yet. How would you handle it?
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
16 days
@dieworkwear The hair is doing a lot of the lifting here
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@Jayrhill1 @bronhistory No shit. That’s like saying the easiest fadeaway three is from the corner.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
2 months
I am officially living in Orange County, CA for the indefinite future Anyone SMB folks out here who want to grab a drink? I’m down to travel to LA or SD
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 month
You really never know where opportunities will come from. Fingers crossed 🤞 I added $150K of revenue to my towing company last week. Several months ago, I met @TheTatoCorcoran in Orlando for lunch. She is a friend and an exceptional entrepreneur. She wanted to learn more about
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
7 months
I speak to 2-3 searchers (ppl looking to acquire a profitable businesses) per week, helping them w/ strategy, capital requirements, SBA financing, & how to avoid common pitfalls. I don’t ask for anything in return. I have nothing to sell (unless you want a tow??) DM me if you
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
4 months
Anyone on the fence about scaling your company with offshore talent, watch this. This is Izzy, my amazing admin that I hired from @SaganPassport Tell me you don’t want her running your shit. I know you’re lying 🤥 I would be lost without @Isidoradelard . Thanks @MatznerJon 🙏
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
I spent $3K on @SMB_ash for one reason. To meet as many amazing people as possible Mission accomplished (L2R: @SMBTelecomGuy @Mikethelummox @TonyNTate @msaskin
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
6 months
I’m honored to speak at @MA_launchpad in Houston on May 11 along w/ @CTW_SMB , @shawnwallard , @BekiD_SMB and keynote speaker @walkerdeibel I’m not sure if I’m worthy of the opportunity, but I want to help people buy their own companies and change their lives, so I’ll give it my
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
4 months
@kyriemavs @Timberwolves This is satire right?
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
10 months
My interview on @AcquiringMinds_ is live!! It’s about my experience as a new #SMB owner who bought two companies within 30 days 🥳 🥶 This show helped me learn ETA and meet many interesting peers in this space so it means a lot to me to have my story shared by @whentheresawill
@AcquiringMinds_
Acquiring Minds
10 months
New episode! Doing It His Way: First-Timer Buys 2 at Once - Mike Okhravi left a cushy tech career to buy a towing business & a flooring business — and within 30 days of each other.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
2 months
What the fuck is wrong with people who leave reviews like this? You left 4/5 stars to “have room to grow and improvement” but everything met or exceeded your expectations? Big Karen Energy
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
3 months
🚨 Caution to searchers 🚨 When buying a business w/ debt, liquidity crunches are common. And they usually happen around the first week of the month when several major expenses are due concurrently. For my small towing company, I have to pay $25K of expenses today which is
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
4 months
@kyriemavs @Timberwolves it’s called having your priorities and values straight. Go learn something about life.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
2 months
@realEstateTrent Maybe, but part of the charm of doing my own thing is dressing however the F I want. I own a towing company and a contractor biz. I didn’t do that because I liked modeling for Brooks Brothers.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@kalaelizabeth You’re basically describing online discourse about virtually any topic. I follow professional sports and your words can be transposed to describe hateful, childish, abusive behavior about sports topics too. Much of it comes from groupthink. A faction creates an accepted opinion
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
6 months
I wanna gush about my new admin who started last month She revamped my whole company. She worked late to finish a whole new automated process for customer engagement and sales. This is the Slack she sent (I 🧡 her passion) & the Notion page (h/t @MatznerJon , Sagan Passport)
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
2 months
The last thing he said to us is, ‘Mike can call me or accept the consequences’ lmfaooooo I actually think if I talk to him, I will just make it worse because I will not be polite So I may just ignore until his psychosis focuses on another obsession
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@debe_yt @TrolledByPG @MobileG56069955 Not 6 but how the hell do the Celtics and Sixers play two games in the time it takes the other series to get one game lol
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
📺‼️This week’s episode of Real Tales from an SMB owner ‼️📺 An employee of a garage flooring company says he’s very sick, then no calls/no shows the next day. The owner thinks he was just too chicken shit to say that he quit 🫤 While randomly checking FB messenger, the owner
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
11 months
@gas_biz Don’t buy a business because why would anyone sell a business if it was a good business? 🥱😄 There’s no blueprint for life
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@MalloryS @ryxcommar That was the absolute lamest response
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
6 months
If you’re struggling to buy a company b/c the $1M SDE deals are all overpriced or over-demanded, consider buying small (<$600K SDE, <$2M EV) Buying small has benefits: - better multiple - less debt - fewer buyers - potential SBA expansion loan to acquire new biz w/ $0 equity
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
29 days
I’m under NDA for a biz I’m looking to buy. The seller got a new broker and he wants me to sign an NDA before even picking up my call I feel like this is superfluous & I have no reason to take on add’l legal risk when I’m already under confidentiality Q1: am I being needlessly
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
When my companies are doing well, life feels like paradise. I’m upbeat, beaming with bliss, just a great dude to be around When they’re not? I’m sulky, gloomy, dejected, crabby 🦀 😔 I’m trying to take it all in stride. Not there yet. How do you manage this? Thanks 🫶 🙏
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
@ChaiAndCabin That’s exactly what I’m doing this moment!
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
24 days
I love when owners tell customers off on Google reviews 😂 it’s what we all want to do to entitled ppl
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@tombig1983 @deck_mitch11840 @LegionHoops Yeah, I would give a % to them too. They can quintuple the size of his business with barely any effort. They have the distribution and ad partners. The NBA would rather reserve the right to build this themselves even if they never exercise that option. That’s just how it is 😖
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
7 months
@KylieRoseMM That’s exactly what I’m going to do!
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
4 months
This is why I love towing. Not sure what I’m gonna do with the palm tree yet but I’m open to suggestions
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@BryanBroStop @GarlandGotNext @Dalgby Lol ok Bryan. So the next person says the same thing and suddenly nothing gets built. This is what NIMBYism is and it’s arguably the single biggest social issue in the Bay Area.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
🧵🧵 I’m OFFICIALLY the owner of an Epoxy Garage Flooring company! This is my 1st acquisition but not my last genuine thanks to all of #SMB Twitter, @AcquiringMinds_ - you got me connected to Heather Shattuck-Heidorn Mostly, @Truforte ’s Tom Davanaugh. Great broker
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
6 months
I had the most basic and beautiful win yesterday. Been looking for a garage cabinetry company. I called around seeing who’d partner w/ us to let us refer biz on our paperwork. NO ONE got back to me. They acted like I was crazy. So I said F it, I’ll just schedule a quote and
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
3 months
The worst thing a local business can do is not answer the phone. It’s a cardinal sin. Customers have needs, but they aren’t always so painful that they’re going to follow up w/ you 3 times. If you can’t afford to hire a full time CSR (costs like $6-9/HR if offshored), the next
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
6 months
I’ve noticed a big market inefficiency in the ETA world as I go for acquisition #3 . There are tons of cash-flowing SMBs with bad books or unaudited financials. They can’t be fully financed by banks. And buyers walk away b/c they’re afraid to waste time peeking under the hood.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
2 months
@BetterCeo That’s a very clever, reasonable and easy suggestion! Thanks John!
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
For those who know me, much of the story in this interview is familiar, but it’s from a fresh perspective since I’ve been doing this longer. Not everything in my ETA journey has been smooth. Sometimes I’m scared of running out of cash. Sometimes I feel stupid for buying sub-$1M
@MA_launchpad
M&A Launchpad
5 months
Tune into M&A Launchpad Podcast where Mike Okhravi shares his transition from the tech industry to owning businesses, revealing his journey of acquiring an Epoxy Coating enterprise and a Towing operation as a first-time business acquirer.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
A guy called in to ask for work 6 weeks ago. I hired him. It’s been bumpy. He just called our company line now. Is it fair to assume he doesn’t know our company name and he’s calling around looking for a new job?
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
2 months
How often do you all think about your own mortality? I think about it all the time. That’s why I take risks, dream big. I often wonder if I’m dreaming big enough or if I’m shrinking the stakes due to fear. My mindset changed after my dad suddenly died of a heart attack
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
@petelehrman God I don’t even know where to start - Assume the worst will happen (revenue contraction, unplanned expenses) - Never accept a deal without seller note - Put contingency in place to ensure seller satisfies transition requirements (escrow) - Bigger is generally better, but
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@McFranchisee @roblabonne I don’t think they were in the same league 5 years ago either. BK has other issues plaguing it and store appearance is just one of them From anecdotal experience, many BKs feel dirty inside, which may be why foot traffic has been declining.
Tweet media one
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@RaptorsGen Too early bro chill lol
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 month
@OneManLBO Seriously, I would love to tell my competitors to run from this guy lol
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
7 months
Before anyone rips me for overcharging or for towing without good cause, 1) the county sets the rates 2) the private property calls us for a tow, we don’t just do it on our own
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
@Slackwatercap Let me guess. HVAC, plumbing or electric? Whenever a broker says PE companies are offering X, I always ask why they haven’t sold to them yet. Then I wait for the inevitable, ‘we want to sell it to someone who cares’ response. Then I say, ‘If you really wanted to do that, you’d
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
5 months
I’m this client! Craig literally answered my call in 2 seconds and pulled over to fix my issue It was a potentially massive issue that was losing us $, easily fixed, but imagine if I had to go through RingCentral support to get it done? 🫠 If you need telecom help,
@SMBTelecomGuy
Craig Marquis | VOIP/Fiber/Mobility Expert
5 months
A client called me today needing a small problem solved with their RingCentral service. I pulled over and had the issue resolved within 5 minutes. I'm serious when I say that I'm not looking for a transactional relationship with my clients. Their success is my success.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
6 months
Am I the only one who doesn’t want to be buddies w/ my competition? I’m definitely friends w/ some of them, but mostly I just dream about figuratively stepping on their throats (and strategize it too)
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@finsup1725z @GarlandGotNext @Dalgby 1. Low income housing doesn’t necessarily mean projects 2. That’s exactly where you put it so that those ppl have the same access to great roads, schools and public facilities as the rich folks. do you not see that dividing housing types creates different social classes?
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 month
I’ve been trying to collect a $12K check from a property management company since May. They mailed it twice to two different addresses (supposedly). It wasn’t received either time Then they said they sent it via FedEx. They didn’t. I followed up and they finally sent me a
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
4 months
@typjohns Power washing
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@girdley Many companies do not allow 3 weeks without good cause. Even the companies with unlimited PTO expect 2 weeks at the most
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
**Update on my deal where the bank pulled the rug out from under me at the last min** 😑 Seller agreed to 82% financing, 18% coming from me directly. Holy crap. 😲😲 Cannot believe this. Motivated sellers produce the best deals. Now let’s hope I don’t screw it up 😂
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
1 year
@SullyBusiness First major change I made in my home services Biz: move from checks only to CC. Yeah it costs 3%, but we cycle revenue WAY quicker, everything updates automatically in Jobber, and people love the free points/rewards Yes it adds up. Doesn’t matter.
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
3 months
Towing company owner told me **today** he wanted $10M for his company, including RE (RE ~$1.5M, adjusted EBITDA around $1M) Searchers are getting impatient. More attention to the space is breeding bolder buyers. Economy is contracting. Not great to see people buying very bland
@andyharbut
Andy Harbut
3 months
I had a guy today tell me they would take 4x revenue of $1.5m on a business that maybe has a 25% ebitda margin. (Of course, their alternative is strategic PE backed buyer). These prices are redonkulous. It doesn’t even make sense when you include multiple arbitrage. It’s
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@Mikethelummox
Mike the Lummox | ETA enthusiast | SMB Owner 🫨
6 months
@N8RealEstate Seems like 4 houses is 4 times the effort to earn a little more than a single house worth that much
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