Business Buyer Diaries: the Reality Before, During, and After
<p>Welcome to the Business Buyer Diaries. My name is Nathan Platter, I’m a full-time employee, and I bought a business! I did everything right from finding the deal, handling due diligence on 63 different opportunities, and ultimately buying a profitable gym, and boy was I in for a surprise as a new owner! I chronicle everything in real time, including the biggest wins to the stressful nights at 2am. I’m sharing my journey without sugarcoating anything, so you don’t repeat the same mistakes I do.</p>
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Business Buyer Diaries: the Reality Before, During, and After
335. Same mistake again by not being the Admin over another Facebook group (this time smaller deal)
What happens when you lose access to a key asset in your business? Learn from our candid reflections on a real-life experience where administrative control was mistakenly handed over to someone who left the company. The scenario became a lesson in the importance of maintaining super admin privileges and having safeguards like a "kill switch" to prevent any potential chaos. We share practical steps to ensure you always have authoritative control over your digital assets, emphasizing the significance of these strategies for both small groups and large enterprises.
Join us as we unpack this crucial topic and offer insights into preventing yourself from being locked out of your own assets. Drawing from personal experiences, we stress the value of authoritativeness from the outset, saving you from headaches and complications down the line. Whether you're managing a remotely operated business or steering a local venture, these takeaways are indispensable for securing your operations and ensuring business stability. Let's rock and roll towards smarter asset management together!
I did it again. So someone's wrapping up their time and they're calling it. Good. I'm like, all right, you know, we wish you the best. We hope you find what you're looking for and they wrap things up. Come to find out they are an admin over a different Facebook group related to the business. They're the only admin. I'm a contributor, everyone else is a contributor. The moment the group was made, I should have been an admin day one. The other person should have been like a moderator or something, but I should have been admin and I never cared to look.
Speaker 1:So just a quick word to the wise instantly have massive authoritative control over your assets right away, no matter what. Oritative control over your assets right away, no matter what. Even if you have 100% remotely run business, if someone is going haywire and shooting everything down and burning everything, shredding everything, you need to have a kill switch so that you can stop this and lock somebody out quick. Right now I don't have a kill switch. This person is pretty amicable. I don't think I'll have drama from it. But man alive, how. Fool me once, shame on you. Fool me twice, shame on me. Um gosh. Fortunately it's a super small group. It's just like for real. Come on, man. Well, if I didn't learn it, I'm gonna learn it now. But always have the super admin privileges over your own assets. You can't get locked out. You can't allow yourself to get locked out or have controls over your own assets. Super short, we're calling it good. That's where it, that's where we're going. Let's rock and roll.
