The SMB Scoop
Posts
🟠 Operating a small business is like marriage...SMB ops tactics

🟠 Operating a small business is like marriage...SMB ops tactics

Closing out the books in 3 days, 8 tactics to improve your hiring, traits of the 1% operators

Ben Tiggelaar
July 24, 2023

SMB Scoop is back and we’re diving into some SMB operations topics.

If acquiring a company is like dating, then operating a company is like marriage. Once you’ve made the decision to commit to one business or one person, the your game changes. Many potential buyers never get to the alter, and never get to experience the joy (and sometimes misery) of growing a company.

I think maybe that’s why I connect personally with entrepreneurs more than any other type of person - a shared understanding of how the world works. Ops has always been hard, it’s why I’ve aligned myself with GSD (Get Shit Done) people. Some ops topics below that caught my attention the past few weeks.

Automating your finance function to close out the books in 3 days without a CFO?! This one made my head spin.

We recently rebuilt our internal bookkeeping & accounting system to close out in 2-3 days
This is for a $30mm company with 10 entities, 5 locations, and 3 company types
Ill share a post on exactly how, with examples, in the future...
but I'll share the principles now 👇
— Josh Schultz (@joshuamschultz)
3:05 PM • Jun 2, 2023

8 Tactics to actually improve your hiring (and job posts). Some unique stuff in here.

You need to improve your hiring...
Here is how:
- Start with a better job post. Example below.
- 5x your reference checks (and how)
- Tell them why they shouldn't work for you.
Thread
— Nolan Gore | SMB Leadership Guy (@LeadershipAcad1)
2:55 PM • Jun 1, 2023

Common operating traits for the top 1% of businesses

“How do you know a business is operating at a high level?”
These are the things I look for.
My 19 traits of top 1% performing businesses:
— Michael Girdley (@girdley)
12:15 PM • Jun 24, 2023

SMB Junction Capital Connector: Connecting SMB entrepreneurs with the capital they need to acquire and grow their business

For entrepreneurs seeking to raise acquisition capital from 550+ accredited SMB investors
For investors seeking passive small business investments (with good sponsors)

Ben Tiggelaar