The Journal
Notes for owners on growing the business, buying a competitor, and selling on your terms.
Selling
September 23, 2026
Most businesses don't sell on a schedule the owner picked. They sell because of one of five things, and all of them start with D.
Omnira Partners · 3 min read
Value
September 19, 2026
Buyers pay a multiple of earnings. Here's the typical range for owner-operated trades businesses, and what moves you up or down inside it.
Buying
September 17, 2026
When you buy a business, the seller can lend you part of the price. Here's how a seller note works, and why lenders like one on standby.
Omnira Partners · 4 min read
September 15, 2026
Deals rarely die at the offer. They die in the weeks after, over five problems that are visible a year out.
September 11, 2026
A buyer doesn't take your profit line as given. They rebuild it into seller's discretionary earnings, and every offer starts from that number.
Capital
September 10, 2026
A roll-up grows on term debt. An owner-operator can grow on cash, with a line of credit for timing gaps. Here's the test to run before you buy.