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Systematizing
Background When I bought the business, the vast majority of the systems were manual pencil and paper systems. They were all logical and thorough, but…
Mar 20, 2023
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Jordan Novgrod
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Systematizing
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February 2023
So far at 7 months...
It is such a change of pace, even commuting roughly 3 hours a day, I am still enjoying the journey. Here’s how it’s going so far at 7 months in: One…
Feb 4, 2023
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Jordan Novgrod
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So far at 7 months...
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January 2023
State of the Economy
First, I have been way too long in writing this article. I have been head down working in my business, trying my best to keep the train moving. To all…
Jan 20, 2023
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Jordan Novgrod
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State of the Economy
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November 2022
The Cat is Out of the Bag
With so much to do, and time being limited, my focus has been on fully understanding and running the business. That said, I was graciously invited to be…
Nov 24, 2022
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Jordan Novgrod
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The Cat is Out of the Bag
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October 2022
Working Capital, it's so simple.
Cashflow is key to any business, and having enough working capital to keep a business afloat is critical. What I have discovered in the last 3 months is…
Oct 17, 2022
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Jordan Novgrod
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Working Capital, it's so simple.
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Innovation...
One of the things I had hoped to bring to the company I bought was innovation. That word gets thrown around a lot, and can mean different things to…
Oct 2, 2022
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Jordan Novgrod
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Innovation...
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September 2022
Upstream of the Deal Flow?
Looking back at my search, one of the mistakes I made was my broker outreach effort. This has become all the more apparent as more time passes and those…
Sep 5, 2022
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Jordan Novgrod
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Upstream of the Deal Flow?
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August 2022
Gaining Perspective
My goal in the first month was to gain a full perspective of the businesses most important asset, namely its employees. Because the office is set up in…
Aug 29, 2022
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Jordan Novgrod
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Gaining Perspective
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The First Day
The seller and I decided on a unique approach to the transition meeting. First because we closed on June 30th, we decided not to tell the employees…
Aug 5, 2022
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Jordan Novgrod
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The First Day
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July 2022
The tools and philosophy I used to buy a business in less than 6 months
Tools and Resources: Education First I discovered search via the Sweaty Startup Podcast, particularly this episode: Podcasts It’s hard to pick a…
Jul 18, 2022
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Jordan Novgrod
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The tools and philosophy I used to buy a business in less than 6 months
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Closing...
First, I am super excited to announce that I have successfully closed on a wonderful small business. Out of respect for the employees who don’t yet…
Jul 4, 2022
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Jordan Novgrod
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Closing...
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June 2022
Key Employees?
What is the definition of a key employee? It depends on whom is asked. CFI says the following: According to the U.S. Internal Revenue Service (IRS), the…
Jun 28, 2022
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Jordan Novgrod
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Key Employees?
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