Bryan Phelps

@Will_Schryver My biggest issue with this analogy is that a tank of gas might be .5% of the value of the car whereas NWC could be upwards of 10% of the value of the deal.

SMB owners should understand net working capital and its importance in an M&A transaction. Buyers will ask for a normalized level of net working capital (NWC) to be delivered with the business as part of their offer. Typically, the buyer will look at the trailing twelve month average of net working capital to determine the NWC peg, or target amount to be delivered with the sale of the business. If NWC exceeds the peg, the buyer owes the seller the difference for delivering more than was expected. Conversely, if NWC is less than the leg, the seller owes the buyer the difference since NWC was less than agreed to. Negotiating NWC should not be a value grab from other side - buyer or seller. NWC should be viewed as the buyer asking for a full tank of gas in the new truck he just bought before rolling it off the dealership lot. NWC is the gas in the tank. And NWC is the basic level of assets needed to maintain and support existing operations.

@tmcconnon @dave_christison @tonal Major Tonal fan here in Cedar Hills. Life changer. It’s definitely hard to compare price-wise though.

@dave_christison What do you value in the gym experience? Unsolicited plug for @tonal

ok the Lehi Vasa 6 am hour is officially untenable

Check out #Skyshare at the MWCN golf tournament!

@dohertyjf This idea but on @volley_app. It’s designed for this. volleyapp.com

Thinking about doing a marketing (or other...) agency owner coaching program. Slack access to me. 24h (business day) reply turnaround. Ask me anything. Access my brain and experience. $4k/mo or $10k a quarter. ?

A thrilling Sunday comeback victory! 🏆 @TonyFinauGolf has won the @3MOpen for his third career title.

@GTIfan Mickey Mouse Justice!

I was today years old when I learned that Disney has its own, private GOVERNMENT in Florida...

@davidmalmborg @johnkrasinski Ever met @dreksmitty? He used to work at Big Leap and was in the same boat.

1 RT = 𝟐 Votes 🌟 #NBAAllStar | @spidadmitchell

Let's make the 3xDPOY a 3xAllStar 🔮 1 RT = 2 Votes 🌟 #NBAAllStar | @rudygobert27

sheesh, Don (1 RT = 1 Vote ⭐️) #NBAAllStar | @spidadmitchell

@JoelKlettke Love this description

These three apps made the most difference for me in 2021

@iPullRank I saw @NEEDTOBREATHE on Conan OBrien dressed up as women. Liked the song they performed so I looked them up. The outfits definitely caught my attention first though.

What is something that a musician you never heard of did that made you check out their music?

LOOK AT THIS

@b_preston Literally the only thing he should do

Bogey really needs to just stand in the corner and bomb.

@3JackNational @ClubProGuy did you have any alternative names for the course before choosing @3JackNational ?

@braddahmike @NickStagge @Swignsweets @mobettahs Literally went to both of those today

@NickStagge My 15 year old & 17 year old both did the same one works at @swignsweets & one at @mobettahs -a dangerous combo!

@fat2fit50 Are those Costco nuts good or bad? That’s what I’ve been eating

Reading about the hateful 8 oils and am a little bummed that all the salty smoky nuts I thought were healthy are probably not. Any good flavored / salty nut recommendations that aren’t fried in bad oils?

@ScamFinder6 Didn’t fix it for me

@chris_herd Looking at you, @volley_app

I've spoken to 1,500+ people about remote work in the last 9 months A few predictions of what is likely to emerge before 2030 [ a thread ] 💻🏠🌍