One of the most popular phrases that you will see on SMB Twitter is the "Silver Tsunami," alluding to the massive wave of retiring baby boomers selling their businesses over the coming years.
In this thread, I am going to cover how to capitalize on the Silver Tsunami 🌊 as a prospective entrepreneur or searcher that is looking to buy a business within the coming years.
1 - Attend the ETA Conferences
➡️ There are 3 large annual ETA conferences - Harvard, Chicago Booth / Kellogg, and the Southeastern ETA conference (UVA, Duke & UNC)
➡️ Each of these conferences is filled with searchers, service providers, investors, and lenders
➡️ There are 3 large annual ETA conferences - Harvard, Chicago Booth / Kellogg, and the Southeastern ETA conference (UVA, Duke & UNC)
➡️ Each of these conferences is filled with searchers, service providers, investors, and lenders
2 - Attend the ETA Conferences (Cont.)
➡️ By attending the conferences, you have the ability to get a lay of the land, and figure out the major players in each segment, and also as a searcher, you have the ability to network with others like you to share ideas
➡️ By attending the conferences, you have the ability to get a lay of the land, and figure out the major players in each segment, and also as a searcher, you have the ability to network with others like you to share ideas
3 - Read the Books
➡️ "Buy then Build" by Walker Diebel
➡️ "HBR Guide to Buying a Small Business" by Royce Yudkoff & Richard Ruback
➡️ "Buy then Build" by Walker Diebel
➡️ "HBR Guide to Buying a Small Business" by Royce Yudkoff & Richard Ruback
4 - Listen to the Podcasts
➡️ @acquanon by @girdley @thegeneralmills & @BillDA
➡️ @AcquiringMinds_ by @whentheresawill
➡️ @acquanon by @girdley @thegeneralmills & @BillDA
➡️ @AcquiringMinds_ by @whentheresawill
5 - Attend the Twitter Spaces
➡️ @SteveWiesnerSMB periodically hosts an SMB Town Hall on Twitter Spaces pulling perspectives from across the space
➡️ @joshdaneee & I recently started "The SMB Lounge" Twitter space - next meeting on 1/31 at 7 pm CST
➡️ @SteveWiesnerSMB periodically hosts an SMB Town Hall on Twitter Spaces pulling perspectives from across the space
➡️ @joshdaneee & I recently started "The SMB Lounge" Twitter space - next meeting on 1/31 at 7 pm CST
6 - Follow the Financial Due Diligence Providers
➡️ @Chris_CayneQofE & @Derek_CayneQofE
➡️ @ElliottEHolland
➡️ @ConnorAbene
➡️ @BoilerPlateCPA
➡️ @Chris_CayneQofE & @Derek_CayneQofE
➡️ @ElliottEHolland
➡️ @ConnorAbene
➡️ @BoilerPlateCPA
7 - Learn from the War Stories
➡️ @sbabmarks posts stories each Saturday highlighting examples of searchers being dragged through the ringer from deals gone bad, and countless other life lessons. Sometimes a bomb blows up in your face mid-deal. Shoot him a follow!
➡️ @sbabmarks posts stories each Saturday highlighting examples of searchers being dragged through the ringer from deals gone bad, and countless other life lessons. Sometimes a bomb blows up in your face mid-deal. Shoot him a follow!
8 - The M&A Legal Crew
➡️ @SMB_Attorney @KHendersonCo & @Sam_Rosati at @smblawgroup
➡️ @lawyer4SMBs (Eric Hsu with Clear Focus Law)
➡️ Did you know attorneys were allowed to shit post on Twitter? Neither did I!
➡️ @SMB_Attorney @KHendersonCo & @Sam_Rosati at @smblawgroup
➡️ @lawyer4SMBs (Eric Hsu with Clear Focus Law)
➡️ Did you know attorneys were allowed to shit post on Twitter? Neither did I!
9 - Learn from the Operators
➡️ @StrongpointRich
➡️ @RegZeller / @joshuamschultz
➡️ @mitchell_sorkin
➡️ @rodrepairs
Many others to add to this list
➡️ @StrongpointRich
➡️ @RegZeller / @joshuamschultz
➡️ @mitchell_sorkin
➡️ @rodrepairs
Many others to add to this list
10 - Get to Know @PIONEERCAPADV
➡️ We help entrepreneurs finance business acquisitions
➡️ We can help save you a substantial amount of time based on knowing which lender(s) finance which types of deals
➡️ We help entrepreneurs finance business acquisitions
➡️ We can help save you a substantial amount of time based on knowing which lender(s) finance which types of deals
11 - Get to Know @PIONEERCAPADV
➡️ We have recently started taking on lower middle market deals for acquisitions that fall over & above SBA's financing arena
➡️ We can educate you as a searcher about the factors lenders consider important to loan approval
➡️ We have recently started taking on lower middle market deals for acquisitions that fall over & above SBA's financing arena
➡️ We can educate you as a searcher about the factors lenders consider important to loan approval
12 - Don't Be Afraid to Ask Questions
➡️ Most people (generally speaking) on SMB Twitter are friendly & helpful.
➡️ Post questions in Tweets & tag specific accounts
➡️ The only dumb question is the one that didn't get asked!
➡️ Most people (generally speaking) on SMB Twitter are friendly & helpful.
➡️ Post questions in Tweets & tag specific accounts
➡️ The only dumb question is the one that didn't get asked!
➡️ That's a wrap!
➡️ Please feel welcome to RT or comment if you found this thread to be helpful
➡️ Please feel welcome to follow @PIONEERCAPADV (my business account) & @fullstandbyhat as well
#sba #smb #acquisitions #entrepreneurs #independentsponsors
➡️ Please feel welcome to RT or comment if you found this thread to be helpful
➡️ Please feel welcome to follow @PIONEERCAPADV (my business account) & @fullstandbyhat as well
#sba #smb #acquisitions #entrepreneurs #independentsponsors
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