Small Business

“But one of the things that makes a small business somewhat defensible is actually it is an accumulation of people that are required to deliver the end product.”

“And I actually think there's going to be way more small business in the future. You're not going to have like massive companies anymore that are dominating.”

“I don't think there's another stock as reliable as a business that pays you every week.”

“Gallup runs a poll every year on the top institutions that Americans trust. Small business has been number one since the poll started. It is 44% higher than Congress, obviously. It's also 22% higher than the healthcare system and it is remain number one.”

“From that day onwards, we didn't spend a dollar until today to acquire a small business.”

“AI allows you to put brains in your business in places that was really hard to put brains in the past. It was very manual, very expensive, and mostly, especially for small business, you're just like, I'm just not going to do it.”

“My experience with small business, they're going to get left behind in a lot of this. The SME and UP are really going to take advantage of this.”

“Because what's the number one reason why somebody hires one small business over another? You're the first to respond.”

“Small business, you know, they want an opinionated partner, right? They don't want just a tool. They want just a set of menu of options. They're super busy. They're wearing many, many different hats, and they don't, frankly, have the resources to go hire all o…”

“Well, we know that 60% of all millionaires own a small business.”

“If you think about the moving parts at the average independent restaurant and how complicated The production and assembly and delivery of food is to the table, and you compare that to any other small business, it's orders of magnitude more difficult.”

“The average small business needs 20 positive reviews to overshadow one negative review.”

“This whole X movement around you should buy a small business because there are thousands of private equity bros that are highly trained, highly efficient, ruthless, that are all hunting for these same deals. And one, given their experience, they can probably p…”

“You want to go after Products that have potentially a hundred percent time, right? Where it's a hundred percent of your install base. And it turns out there's not that many of these, right? Cause like, you know, if you go down the stack of like what a small bu…”

“The average small business in the U.S. Sells for around 800,000 dollars. The average restaurant goes for a 198,000 dollars.”

“Turned out small business customers running a small business is dismal. I've learned over the years and they really need like A ray of sunshine, some sense of hope some kind of humor in the app, and so I think that was sort of the, that was the thing that kind…”

“In selling to the enterprise. As an example, it's easier for there to be a calculation of impact. Like how is this data actually guiding decisions? How are we able to make real value out of it? And then you can attach a fee to it. A small business. And I thoug…”

“Now the threshold is you have to be an epic salt, particularly in small business. You can't walk into small business and be like, I'm going to save you three percent on your business. I don't care. I don't have time. Wait, what the hell are you doing? Right? I…”

“A small business doesn't know how to vector their time, you know, calculate all that in. If you come at them with an extrapolated return, it's unintelligible.”

“I am a marketer by trade. I'm unwilling to give the marketing responsibilities to the marketing person that I hired and is now on salary. It's not an uncommon story in most small business.”

“There's all of these new tools that the AI revolution is putting out into the ether. That's that, Sam, I think you're very right. Are going to empower the small business. They're going to empower the small team of people to make a lot of cashflow to make reall…”

“Like the average small business is probably in the four to 10 times annual profit range.”

“If you're a GP like me and you're actually buying real estate and trying to make it more valuable and running it and answering the phones and collecting money from tenants, It's a business. It is a small business. There's people, there's management, there's hi…”

“Accounting kind of cuts through a lot of the different Costs of a small business. We can see what kind of insurance you have. We can see what kind of loans you have. We can see what other services you use as part of managing your business. I think there is a r…”

“Anyone that thinks that they're going to start a nonprofit and think it's simpler or any different than starting a restaurant or you know, an ice cream stand down the street is completely mistaken. They are starting a small business.”

“And what I don't think people realize is that's buying a job. You're buying a job when you buy a company that small. And those types of deals exist all around this country. They're everywhere.”

“People talk about the small business being the backbone of our economy. I actually think regulation is like the backbone of our economy, good or bad, sometimes even bad back.”

“You know, when you're a small business, okay, you have one chess piece. You don't have a lot of Options. You don't have a lot of moves. It's a real problem for a recession where like a small business, yeah, they can cut back on their costs really, really quick…”

“Being a much more broad based and kind of agnostic as to which small business vertical we serve, it's really driven the growth.”

“For us at YC, the definition of a startup is a company that is designed or created to try to grow very quickly. So if you're not trying to build a company that grows very, very fast, ah, then you're just building a normal company. It's a small business.”

“And, you know, when he first told me that he was buying businesses at a little bit north of four times free cashflow, you know, I kind of laughed. I thought, okay, like, so they're going out of business in three years. I mean, in the public markets, that multi…”

“Even if we had the greatest, you know, small business platform in the whole world for small business, there wouldn't be a lot of utilization without the service piece. We literally need to do the work for them. So we put together kind of the do it for me model…”

“Frankly, if you're open 40 hours a week, the majority of the time you're not available. And even when you are available during those business hours, it's very tough for a small business to support live chat.”

“In small business, you're going to have, to your point before, you're going to have 10 to 15% that are going to naturally go out of business.”

“One thing we've come to know is that all products, you know, that are pretty good is the small business is going to rely on the expertise of someone they trust and they're going to, you know, and in any given case, you could argue one product's better than ano…”

“I mean, if you look at the small business, the average small business has 14 integrations right now. They're using 14 SAS's just to survive.”

“Dunbar actually does an awesome job at public companies and large private companies, but when you get down to the small business level, you know, they just don't have that great information.”

“Working as a restaurateur or a small business owner in general, you know, I talk about small businesses are fantastic because ultimately full accountability rolls up to you, one person. You have to Ultimately develop a skill set. You have to be good at a lot o…”