Capturing Memories

The past few days I have been enjoying my time at SMBash. One thing I have been seeing and making more of an effort to do myself is take photographs together with the people around me. These will be memories of the people that are part of my life at this moment in time and hopefully far into the future.

In the whirlwind of running a small business, it's easy to become so engrossed in daily tasks and challenges that we forget to slow down, take stock of our experiences, and appreciate the lessons we've learned. Taking the time to capture memories and lessons not only helps to keep us grounded, but also serves as valuable resources for future growth and success. Write them down and also take pictures along the way.

When we take the time to reflect on past experiences, we become more aware of the lessons that we have learned along the way. Sam Rosati was super excited for me joining CaneKast and suggested I start writing down daily what I have learned, whether small or critical update. I'll look back on the lessons I write down and not only be humbled by how far I have come, but also see the compounding of years. This newfound knowledge can be instrumental in making informed decisions and implementing changes that can lead to growth and improvement within the business.

Recognizing and celebrating your team's accomplishments and milestones can boost morale and create a positive company culture. Encouraging employees to share their memories and lessons will also help foster a sense of belonging and collaboration within the team.

Captured memories and lessons can be shared with potential clients and customers as a marketing tool. Showcasing your business's journey and accomplishments can create a connection with your audience and instill trust in your brand.

Consider starting a business journal or blog where you can document your experiences, accomplishments, and lessons learned. This will not only help you keep track of your progress but can also serve as a valuable resource for others in the industry. If you don’t want to have it public, just share it privately.

Invite your team members to share their own memories and lessons learned. This can be done through team meetings, company newsletters, or even a dedicated space at your company.

Use visuals such as photos and videos to help bring your experiences to life and serve as a powerful marketing tool for your small business.

Capturing memories and lessons in your small business journey is a powerful way to encourage growth, improve resilience, and foster a positive company culture. By taking the time to reflect on your experiences and share them with your team and audience, you are laying the groundwork for future success.

Thanks to Everest Brady for his help, writing, and research in assembling this week’s newsletter.

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This was an incredible episode about ReSeed Partners. Highly suggest listening and learning how a massive platform can be built.

This Week on Think Like an Owner

Our guest today, Daniel Hudspeth, is the CEO of Discover Health, a concierge medical practice business with locations in California, Boston, and soon to be Seattle. During his search Daniel did extensive research on private pay healthcare and eventually developed a thesis to acquire multiple concierge practices across the country.

Alex and Daniel talk about this pivot during his search, what the concierge model looks like for patients and doctors, why it’s an attractive business as an investor and operator, and what growth could look like over the coming years.

When it comes to accounting, quality of earnings reports and financial due diligence, it is vital to have a partner that understands your business and what you are trying to accomplish. Jerry Zhou and his team at Hood & Strong in San Francisco have a specialty for search funds and lower middle market private equity with multiple podcast guests today trusting them with their partnership.

For advice and observations, this episodes Q&A features Jerry Zhou answering the question, "Is a quality of earnings a valuation of a business?" To learn more about how Hood & Strong can help your search, acquisition, and beyond, please email one of their partners, Jerry Zhou, at [email protected].

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Think Like an Owner is sponsored by:

Ravix Group - Ravix Group is a fraction CFO, outsourced accounting, and HR consulting firm serving small and large businesses alike. Whether you or someone you know is getting started, searching to buy a business, or building out an organization, Ravix will help on the journey. To learn more about Ravix Group, head to their website and tell them Think Like An Owner sent you.

Hood & Strong, LLP – Hood & Strong is a CPA firm with a long history of working with search funds and private equity firms on diligence, assurance, tax services, and more. To learn more about how Hood & Strong can help your search, acquisition, and beyond, please email one of their partners Jerry Zhou at [email protected].

Oberle Risk Strategies– Oberle is the leading specialty insurance brokerage catering to search funds and the broader ETA community, providing complimentary due diligence assessments of the target company’s commercial insurance and Employee benefits programs. If you are under LOI, please reach out to learn more about how Oberle can help with insurance due diligence at oberle-risk.com. Or reach out to the CEO, August Felker, directly at [email protected].

Interested in sponsoring? Reply to this email and let’s chat.