Captain Doug Stein’s Post

Here’s how to take $500,000 & make it $1,500,000 (If I can do it, you can too) 1) Find a partner who’s done it before - For me, I had known my partner for 5+ years - We already had done some smaller deals and I trusted him So what can you do? - Don’t just jump in with anyone - Take your time to find a partner - & make sure your values align 2) Focus on the business plan you know - We had a tenant who needed a new retail location - So that’s what we bought So what can you do? - Stay as focused as you can.  - 1 market, 1 business plan, 1 asset type - CRE is already complicated enough 3) Understand there are trials ahead - During the vacancy period, cash flow was ZERO - We had reserves, & focused on the controlables So what can you do? - Leverage your partner’s knowledge to prepare - Whether it’s reserves, or work, or connections  - Leverage knowledge to solve problems 4) Focus on what brings the most value - We fixed major HVAC & electrical issues - & found a proven national tenant So what can you do? - This is why focus is so important. - Different asset classes require different focuses. - Know what adds value, & focus on that. TL;DR “Risk comes from not knowing what you are doing.” - Warren Buffett If you don’t know; close the gap with a partner. P.S. Curious about what we do at Shorestone Capital? DM “Curious” & we’ll set an intro call.

Today's Boring Biz: Commercial Electrical Contractor $1.9M Cashflow Missouri Day 24 of "50 States In 50 Days" Would you buy a business like this? Why or Why not? What Do They Do? 1. Established Commercial Electrical Contractor 20+ years in business 2. Installation & maintenance of facilities for commercial customers 3. Commercial electrical installations for new construction projects 4. Electrical systems renovations for existing buildings 5. Operates out of Leased stand-alone facility located in industrial area Highlights: 1. Established Business: 20+ year operating history and retiring Owner 2. Diverse Revenue & Existing Customers: Immediate revenue day 1 3. Recession Resistant: Electrical contracting resilient in downturn Risks/ Concerns: 1. Owner-Dependency Risk: How will Owner selling impact business? 2. Labor/ Team: Business has 40 people working there, any leaving? 3. Customer Concentration: What % of revenue is from top customers? #SMB #ETA #finance #Cashflow #investing #search #searchfund #privateequity #microprivateequity #smallbusiness #venturecapital #vc #entrepreneur #business #businessowner #accounting #cpa Disclaimer: Hypothetical and illustrative only. Please do your own research (DYOR) or work with tax and legal professionals before making a decision. This video are intended for informational purposes only and does not constitute legal or tax advice, nor should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by SMB PE LLC or any third party.

How do we work out which is the pricing exercise enquiry, and which is the genuine enquiry? There are ways! Naturally, because we are one of, if not the best fall protection contractors in the UK for reputation, reliability, service, and trust, we are going to receive enquiries as we are extremely expedient in returning costs and schemes to our clients. What also happens, and this stands out like a sore thumb, is when our competitors are using companies to send us such enquiries so that they can see our costing, and the ideas that we have. So how do we do this? One way is our pricing. We are unique in that we offer a 'tell us what you want to pay' option, as well as offering our very first costing enquiry at a very good rate, in fact too good a rate to be true. You see, we are competitive already, we don't go in with a high cost to then fool you into offering a lower price, we go in first time, but offer the additional savings to entice you in, this means that you get to see how we operate as a company, that generally is the start of a working relationship. This means, that when we receive no feedback, cannot raise a response, or the response is 'you were far too expensive', you know what, we know you are telling lies! You don't get to be in this business for 25 years without knowing the market inside out. For contractors that have requirements for working at height, especially solar PV businesses presently, we have the product (s) for you! Starting with the roof light covers that we offer. These are proving extremely popular. Please see some images. Should you have an enquiry we will be very happy to assist you. Check out the images, and our bespoke web platform. rooflightcovers.com fallarrest.com

How can a contractor help homeowners say what they really mean? Listen, HVAC is confusing, even for professionals. Knowing what to ask (and how to ask it) is tricky, even for homeowners who did their research. It's our job as HVAC pros to help homeowners feel empowered to ask questions and get clarity. After all, when a homeowner feels confident, you're more likely to keep their business. Here are a few ways you can speak to customers that enable them to say exactly what they want.

How can a contractor help homeowners say what they really mean? Listen, HVAC is confusing, even for professionals. Knowing what to ask (and how to ask it) is tricky, even for homeowners who did their research. It's our job as HVAC pros to help homeowners feel empowered to ask questions and get clarity. After all, when a homeowner feels confident, you're more likely to keep their business. Here are a few ways you can speak to customers that enable them to say exactly what they want.

How can a contractor help homeowners say what they really mean? Listen, HVAC is confusing, even for professionals. Knowing what to ask (and how to ask it) is tricky, even for homeowners who did their research. It's our job as HVAC pros to help homeowners feel empowered to ask questions and get clarity. After all, when a homeowner feels confident, you're more likely to keep their business. Here are a few ways you can speak to customers that enable them to say exactly what they want.

The tool offers homeowners a 24/7 interactive online experience with accurate contractor pricing estimates, financing information, and a breakdown of incentives, tax credits, rebates, and expected utility savings. . Read more: https://lnkd.in/dbTs2vp6 . #Technology #IndustryAnalysis #management #Innovation #MarketReport #thermalcontrolmagazine

So how do you decide whether to rent, lease, or buy heavy equipment?  Ultimately, the decision will depend on a number of factors, including: Your company's needs: What type of equipment do you need, and how often will you use it? Your financial situation: How much capital do you have available, and how does that fit into your long-term financial goals? Your project timeline: How long will you need the equipment, and do you have a defined end date for your project? Your maintenance capabilities: Are you equipped to handle ongoing maintenance and repair costs for the equipment, or would you prefer to have those costs handled by a leasing or rental company? Your storage and transportation capabilities: Do you have the space and resources to store and transport the equipment when it's not in use? 🌐 www.zadoon.com 🌐 #RentVsLease #BuyOrRent #Construction #EquipmentRental

Many homeowners are unaware that installing gas lines can be a lengthy process. Despite the systems appearing straightforward, the installation is often labor-intensive. When planning to add a new gas appliance to your home, it’s important to consider the potential cost in time involved installing the gas line. In some cases, the installation can be as costly as the appliance itself. This is a crucial factor to keep in mind for efficient project, planning, and budgeting.

For home services companies, offering financing options to customers isn’t just a nice-to-have—it’s a powerful growth tool 📈. Costly service repairs like roof and HVAC replacements are significant investments 🏠, and providing financing solutions allows homeowners to manage these costs more easily 💸, helping them make necessary repairs or upgrades without delay. By offering financing, home services companies can expand their customer base 👥, close deals faster 💼, and increase project sizes 🔨, all while delivering an essential service that fits their customers' budgets. It’s a win-win that boosts both customer satisfaction and business growth 🚀. If you're in the roofing industry and not yet offering financing, it's time to consider how this can help you scale your business 💪. As a strategic business advisor, I advise companies navigating this evolving landscape to stay competitive and drive growth. If you’re looking to thrive in a changing landscape, let’s connect on LinkedIn or send me an email directly at willpetter@B2Bcfo.com #roofing #HVAC #construction #BusinessStrategy