Years ago Trent Dyrsmid was one of the principals of Dyrand Systems, a Vancouver-based IT firm. He managed to build the company to $1.2M in revenue before a series of events forced a sale…and to a party he never expected. Where they started Like many IT firms “back in the day,” Trent was running a […]
“I love email.” Said nobody, ever. There’s been so much that has evolved in the last 25 years in communication. Mobile phones have proliferated to the point of being ubiquitous. We used to use those phones for voice calls, but now they’re really used mostly to send messages and access the internet. Every now and […]
Here at Apex, the majority of our deals are related to the Small Business Administration (SBA) in one way or another. Many people know that it’s a government agency, and they know it’s supposed to help small businesses, but from there it usually gets hazy. What we want to share are some of the things […]
We review books you should read in preparation to buy or sell a business, as well as how to build a company to sell one day. About the Author John Warrillow is perhaps best known for his book Built to Sell and his creation of the Value Builder System, which is a proprietary scoring […]
In 1986 David Phelps started a dental practice called the Gentle Dental. 20 years later, for a number of reasons, he decided to sell. But before six months had passed, he was in litigation to reacquire the business, and 24 months after that, he sold the business again…this time, successfully. “Boomerang” Sale? This was a […]
If Millennials have added anything to the conversation around hiring these days, it’s the idea that cultural fit matters. You shouldn’t simply hire people who are competent and willing to do the work, but also who are excited to be with you and fit well into your established company culture. What is a cultural fit? […]
“A contract isn’t in place for when things go right. It’s to account for the possibility that things might go wrong.” You can google the title of this article and you’ll find hundreds, perhaps thousands, of articles, many of which take a position as to why you should “never” have a partner or “always” have […]
We review books you should read in preparation to buy or sell a business, as well as how to build a company to sell one day. About the Authors Jason and David created a company which was originally called 37Signals and was later rebranded as BaseCamp. It’s a project management tool which was also the […]
In 2012 Jason Swenk sold his digital advertising agency, Solar Velocity. Solar velocity helped with websites and web applications for brands like Aflac, Coke, and LegalZoom. At the time, he took 50% of the sale in upfront cash and took the remainder in a 50% earnout. What is an earnout? An earnout is another way […]
The concept of “Extreme Ownership” was coined by former Navy SEAL Jocko Willink. Jocko spent 20 years in the SEALs and retired in 2010 after serving as the commander of a SEAL Task Unit in Iraq. Origin of the term During an operation in which he was the commander, there was a friendly fire incident which […]
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