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Field Notes

An independent letter on business ownership

Ron Diver · Puget Bindery, est. 1919

Good businesses.
Worth carrying
forward.

I run a century-old trade bindery on two shifts. I’m also looking for the next business to buy.

Field notes on buying, running, and handing on a small business. For searchers pursuing their first acquisition, owners building the next one, and people thinking about a sale.

Read the opening letter

Letter No. 01 · Available to read

01Buying a business

Understand the people and equipment.

Look beyond the sales summary to the equipment, people, and customer relationships that make the earnings possible.

02Growing through acquisition

Test the cash and capacity.

Understand the cash, capacity, and operating capability a second business will ask of the first.

03Preparing for a sale

Prepare the crew for the handoff.

Bring the owner’s knowledge, the crew’s strengths, and the work worth preserving into the conversation about what comes next.

A note from Ron Diver

Have a business in mind?

I write this letter, and I’m doing the work myself: running Puget Bindery in Kent, Washington, and looking for businesses to acquire. If you’re considering a sale, or know an owner I should meet, I’d welcome a conversation in confidence.

More about Ron
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