🤓🚀 Chipotle bowls and bankruptcy

Good morning! Happy National Cow Appreciation Day! Seriously, look it up (great one, Chick-fil-a).

Anyways, let's take a look at this week's trending content.

TRIVIA

What was the name of the first publicly traded company in the world?

NEWS

Headlines 👀

⚖️ Small Businesses Face Tougher Bankruptcy Proceedings as Government Program Expires - Since February 2020, the SBRA had simplified bankruptcy filings under Subchapter V, reducing costs and complexities. Its expiration increases financial burden on small businesses. Experts warn this could lead to a rise in liquidations, and deter more people from starting small businesses.

🤑 Gen X Poised to Gain the Most from $84 Trillion “Silver Tsunami” - The average age for heirs of $5m+ is 46.1 — heirs of $30m+: 47.6. Wealth management firms are advised to shift focus towards Generation X as they are poised to receive substantial inheritances, which could significantly impact various industries.

📈 Record 5.5 Million New Business Applications in 2023 - The US reported 5.5 million new business applications in 2023, a new record and increase of 20% from pre-pandemic levels. There was also an increase in minority and women entrepreneurs last year.

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The matrix is a simple square divided into four quadrants - each based on a combination of two simple criteria: urgency and importance. The inputs may vary, but the priority of each becomes self-evident once they enter the matrix. Here’s a quick breakdown of the 4 quadrants…

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ACQUISITIONS

Mastering Working Capital in Business Acquisitions

Working Capital is arguably the most important (and often overlooked) element when buying a business. This is a must read and could save your behind!

What is Working Capital? The textbook definition (yawn): The difference b/t a company's current assets and current liabilities. This difference comprises the financial resources needed to fund the day-to-day operations of a business.

Think payroll, inventory purchases and other operational costs..

OPERATIONS

Maximize Productivity and Accountability: The Ultimate Guide to Level 10 Meetings

For companies of all stage and size, but particularly small businesses, simplicity and structure are key to sustained growth and success. This includes how and when you meet with your team. This is where Level 10 Meetings come into play.

Level 10 Meetings are designed to optimize team interactions and make it easier to address issues and progress forward by promoting agency, accountability, and thoughtfulness. We'll introduce the Level 10 Meeting format, explore some of the benefits of these meetings, and offer three practical tips to ensure your business gets the most out of each session.

• Dumpster Diving: A Deep Dive into the Dumpster Rental Business

• The Most Predictable Way to Build a $10M+ Net Worth

• The 10 Greatest Startup Acquisitions of All Time

• Seller Notes in Business Acquisitions 101

TOOLS

The Eisenhower Matrix ✅

FUN STUFF

• Analysts ordered 75 burrito bowls from 8 Chipotles — the consistency was worse than my golf game.

• Greece has introduced the EU’s first six-day work week

• Western fashion is catching fire - companies like Levi Strauss are cashing in

SHOP

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TRIVIA ANSWER

The Dutch East India Company (VOC), established in 1602 🚢