Peter Bell

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Peter Bell

Peter Bell

@Peterbelll

Buying great businesses with @JustinNicholasT | Strong ⛳️ & 🎿 dependence | Go Loggers

Seattle, WA Katılım Ocak 2012
933 Takip Edilen2K Takipçiler
Peter Bell
Peter Bell@Peterbelll·
@guessworkinvest Always felt like a maniac going full silence on my commutes into the office. Glad to know I’m not alone
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Kaustubh Deo - Guesswork Investing
Kaustubh Deo - Guesswork Investing@guessworkinvest·
Not sure if this is a related to how much chaos management goes into running a small business, but I’m finding myself often turning off music and podcasts as I drive. Just enjoying the silence and looking at the world. (Potentially my devolvement into a psycho perhaps too…)
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Peter Bell
Peter Bell@Peterbelll·
@MikeBotkin_ @RandBusiness Quality tweet. I've been greying like it's my job and have to stare his luscious mane all day. It's brutal
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Mike Botkin
Mike Botkin@MikeBotkin_·
@RandBusiness He’s like Jokic! Only way he doesn’t win best hair award on SMBx (mvp) is if people get tired of voting!
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Rand Larsen
Rand Larsen@RandBusiness·
Justin Turner runs Traction Capital Partners, a small Permanent Equity firm in Seattle. Justin and his team have acquired a few businesses: - SeaWestern Fire Fighting Equipment - Swag Tool Company (Metal Fabrication Tools and Offroad Equipment) - Tony Lind Paving - Stumptown Mattress & Mattress Lot. - Ground Up Road Construction - Restoration 1 of Spokane and Central Washington Justin was actually the first person I ever met in Acquisition Entrepreneurship and has been incredibly kind and helpful to me over the years. Give this interview a watch!
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Peter Bell retweetledi
soha ventures
soha ventures@sohaventures·
Restoration Services PE Platforms (source: Hyde Park Capital)
soha ventures tweet media
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Peter Bell
Peter Bell@Peterbelll·
Traction's group of companies crossed the $100 million revenue mark this April. @JustinNicholasT and I are proud of this milestone, but as the saying goes, "Revenue is vanity, profit is sanity, cash is king" We've got the vanity covered; sanity has been fleeting
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Mike Botkin
Mike Botkin@MikeBotkin_·
Happy to finally share some news ❗️ I have joined Portrait Capital as a Partner and President of Portfolio Operations. What is Portrait Capital? Formerly Majority Search, @JustinEBurris & @tsludwig founded Portrait Capital with the goal of helping family businesses transition to the next generation of leaders. Our unique fund structure allows us to buy companies with no intent of selling them. Decades. Not years. The biggest lesson I learned in my last venture was that it matters so much more about who is next to you than it does what you are doing. Before joining, we spent a tremendous amount of time discussing life, friends, family, the highs and lows of business ownership, and the ways in which we can assist families by creating a perfectly tailored transition that ensures we honor the family legacy for decades. We were aligned. I grew a major appreciation for Tim and Justin, not as professionals, but as people. Something I was very thoughtful of in making this decision was the time horizon. We cannot ask the families of companies we are buying to trust us for decades if we do not also have an internal trust level with each other that is rooted today but will grow for decades. What they have accomplished professionally is jaw dropping. Who they are as people is even more astonishing. I could not be more excited to partner with Tim, Justin, Bruce, and the people who have entrusted us to make decisions for decades.
Tim Ludwig@tsludwig

🚨 For the past two years I've been pretty quiet about things going on with Majority Search, the investment firm I co-founded with @justineburris. It would be a mistake to think that the lack of updates indicates a lack of activity. Today I wanted to share some big news and also provide a little more insight into what we've been building. The big news is that we're rebranding as Portrait Capital. We're really excited about the new messaging and look, which you can find here: portraitcap.com. On the site, you can find more information about our approach, our team, and our investments. If you're an aspiring entrepreneurial leader of a small business, I'd also encourage you to join our talent network. It doesn't have a lot of structure yet, but we've already placed one top executive at a portfolio company from this community and this is where we turn first when needs arise. Majority Search drew on elements from my experience as an investor in search funds and Justin's experiences as an investor and advisor to large family and founder-led firms gained during his time at BDT Capital Partners (now BDT & MSD since they've combined with Michael Dell's family office). As with most new ventures, some of our ideas have proven successful, while others will end their journeys as worthwhile experiments on the road to better outcomes. Our new brand reflects an increased focus on the parts of our strategy that resonated most strongly in the marketplace: our focus on very long-term partnership, putting people at the center of our thinking, and our unmatched ability to perfectly tailor transitions according to the needs and wants of sellers. We aim to be the partner we'd want if the roles were reversed. And, with a broader focus on meeting the needs of sellers, we're not exclusively constrained to situations where new leadership is required, though we remain very comfortable with facilitating leadership transitions as well. The pace of our investments has also been healthy. We've partnered with four companies over the past 13 months and have a full pipeline of opportunities we are pursuing. Our portfolio is diverse and spans recycling, agriculture, home services, and Switchboard, the automation & AI agency I posted about a while back. We expect the portfolio size to double - or more - over the coming year and we'll be deploying a lot more capital. Our team of two has also doubled with @bruceeskesen having joined last year as our first Associate and, more recently, @mikebotkin_ joining as our newest Partner and President of Portfolio Operations. Mike has already made huge contributions in supporting our partner companies and he’s every bit as awesome as you’d expect if you’ve been following his story and thinking on this platform. If you'd like to learn more — whether you are a prospective investor, someone who would like to share potential acquisition opportunities with us, or as a future business leader/CEO who wants to join our talent network — please reach out using the emails on our website or send me a DM here.

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Rand Larsen
Rand Larsen@RandBusiness·
Does anyone have an RV they want to sell me so I can do the Rand Run full time? Or maybe connect me with an RV dealer/manufacturer who’d sponsor me? I’ll create awesome videos showing me living in it and promote it to my audience of wealthy business owners. Or if you want to buy me an RV I will promote the shit out of your company for years Open to many options/ideas! Yes, I’m serious.
Rand Larsen tweet media
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The Luxury Watch Guy
The Luxury Watch Guy@LuxuryWatchGuy1·
Bored on a flight if you got any timepiece questions nows the time 👇
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Peter Bell
Peter Bell@Peterbelll·
@kmiller206 It ain’t Christ-like for that sneaky pick by Canzone
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Mehtab | Karta Ventures
Mehtab | Karta Ventures@MehtabKarta·
All the fun of a vintage Rolex with none of the stress or cost. Highly recommend.
Mehtab | Karta Ventures tweet media
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Peter Bell
Peter Bell@Peterbelll·
Core Operating Growth Profile. Essentially how much free cash flow is generated for every $1 of increased revenue. We’ve learned the hard way and been lucky with a few of our companies. Wish I would’ve read this article earlier macro-ops.com/cash-flow-its-….
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Peter Bell
Peter Bell@Peterbelll·
The golden rules of ERP rollout by @SecretCFO couldn't be more true. I went through my first ERP migration about 4 years ago. It was a train wreck for the first 4-5 months. Made every mistake in the book. But has since served as the backbone of the business growing from $15 million to $40 million in revenue. I wrote my lesson's learned post-implementation: 1. Align software to previous business practices. At the end of the day, it is the employees who are carrying out the transactions to keep the business running. 2. Data - Clean-up and understand your data before even considering an ERP migration. If your current system doesn't provide reliable data, you’ve got a bigger issue to take care of prior to an ERP migration. 3. Testing - There is no such thing as too much testing. Prior to going ‘’live’’, spend months with employees in the system replicating issues the business deals with on a daily basis 4. Culture - Clearly communicate to the entire company WHY the business is making the transition. If the saying is, “people don’t like change”, people REALLY don’t like change in their day-to-day duties, especially if they didn’t come up with the changes themselves. 5. Customize - Go with the standard features vs. trying to create customized solutions. We wasted a lot of time working with Netsuite to create customized solutions that we never ended up using. Take what the system gives you, use it for a period of time and then revisit if you need a customized solution.
The Secret CFO@SecretCFO

4 golden rules to stop your ERP rollout becoming a train wreck:

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Peter Bell
Peter Bell@Peterbelll·
@girdley Mayonnaise colored Benz I push miracle whips
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Michael Girdley
Michael Girdley@girdley·
What is your greatest rap lyric of all time? My vote: "I'm not a businessman, I'm a business, man"
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Peter Bell
Peter Bell@Peterbelll·
The first @MainStSummit was top-notch. Hospitality off the charts, genuine people, great lineup of speakers. Highly recommend attending if you own or operate a small business. Looking forward to going back to Columbia this year
Brent Beshore@BrentBeshore

Excited to announce the second annual @MainStSummit on October 9-10, a festival for business owners, operators, and investors. Last year welcomed ~1000 people from 8 countries for two days of chatting, learning, and fun. Tickets: mainstreetsummit.com Initial lineup 👇

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Patrick OShaughnessy
Patrick OShaughnessy@patrick_oshag·
One of my favorite explorations this past year was @jishbia and Shore Capital - It was under the radar… - … but large and successful - it is a system that has many interesting elements (not just the founder picking investments) What detailed “firm profiles” would you die to have ?
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