A network of skills,
one job each
Bull Street is a network of discrete skills, each one a specific job. An agent composes them along the arc of owning a business, calling the skills a situation needs and passing the output of one into the next. Every figure a skill emits is tied to its source or marked a gap, and the craft deepens the more the network is used.
The network, by stage
The skills are grouped by the stage of work they serve, from finding a business through running, growing, and handing it on. Each is a discrete, reusable job, written to apply across businesses in a trade rather than as one bespoke script. What follows is representative, not the full index, and it names the work, not the machinery under it.
It starts from what you can already do and the place you want to be, then finds the business that fits, including the unlisted, place-rooted ones a listing never shows.
- Build an operator profile from a real conversation about the work you have loved, and name a concrete search.
- Read a place and its market: the real economic base, the winnable opening, and the wave an operator can ride.
- Turn a whole region into a short list of towns worth a real look, each with the reason attached.
- Rank the trades and openings in a town straight from the market read, before any one business is on the table.
- Check which trades in a town the buyout funds have already moved into, so you see the ground before you choose it.
- Surface candidates whose owners are nearing a handoff, read only from the public record and a community's own sense.
- Write one plain, pressure-free first letter to the owner of an unlisted business.
- Rank a candidate set into one sourced call: buy the going concern, restart a dark one, or assemble a book.
- Run a fast continue-or-kill verdict before any accountant, attorney, or flight.
- Match a cleared business to the operator who fits it, screened on whether they will respect the craft and keep the people.
The seller's numbers read against the documents, the legal bones pulled and organized, and a fair value the buyer can still service.
- Test reported earnings against the filed tax returns and the bank deposits, then judge whether the model underneath is any good.
- Rebuild a defensible owner's earnings figure, each add-back sourced and the owner's labor priced at a fair market wage.
- Tie the seller's profit and loss line by line to the signed federal returns.
- Set a defensible value band, so the retiring owner gets a fair price and the buyer can still carry the debt.
- Measure how much revenue walks if the top customers leave, or file it as the gap that gates the deal.
- Abstract the lease, the broker listing, and the franchise documents clause by clause, staged for a local attorney.
- Run the lien, court, and judgment searches and sort each hit by what survives the sale.
- Screen whether the trade and site trip an environmental review, and what a finding would mean.
- Lay out two or three financeable deal structures, each a full sources-and-uses tested against a bad year.
A credit case built on verified numbers, the lenders most likely to say yes, and every dollar the business is entitled to.
- Match your real runway and ownership goals to a self-funded, funded, or single-deal search, with the real cost named.
- Pick the financing lane for the deal in front of you (SBA, conventional, seller financing, or a mix), with the true cost of each named.
- Run the SBA threshold tests as pass, fail, or gap before a buyer spends a retainer.
- Build a credible SBA loan package to current program terms that an operator walks into a lender with.
- Write the buyer's personal financial statement line by line from their real position.
- Shortlist the community banks and credit unions in your own town that lend to this trade.
- Find the grants, credits, and incentives a specific business qualifies for, and name the ones it does not.
- Stack every dollar the business is entitled to, with the poison-pill terms flagged and the false dollars named.
The close, the legal stand-up, and a first ninety days that hold the seller's knowledge, the crew, and the customers through the change of hands.
- Stage the letter of intent and the closing checklist, every wire reconciled to the dollar.
- Form the right entity in the state you actually live in, with the federal tax ID walked through by hand.
- Map every license and permit the trade and locale require, each tied to its issuing authority.
- Stand up payroll in order, registered for state tax and dry-run before the first real paycheck.
- Draft the seller non-compete and the paid transition agreement, scoped to the real trade area.
- Capture the seller's tacit craft before they go, and keep the crew, told early.
- Read the seller relationship from first contact through transition, with a plan to keep the goodwill.
The day-to-day in hand: the books, the cash, the people, the compliance, and a runbook the owner and staff actually work from.
- Stand up the books and the chart of accounts, and run a clean monthly close.
- Keep a thirteen-week cash-flow forecast so the next tight week is never a surprise.
- Cost jobs and read the margin by service line, so you know what actually pays.
- Compile the captured craft into a living field manual, credited to the people who taught it.
- Hire well with scorecards and an interview kit, and document performance fairly.
- Track insurance, renewals, safety, and tax filings so nothing lapses.
- Win local customers, handle collections, and keep quality and callbacks in view.
The upgrades and moves that earn their keep at this trade and this size, sized on the shop's own numbers.
- Price the work with a real pricing study, and stage a defensible rate increase.
- Size the modernization that pays at this trade and size, with conservative returns.
- Read demand by channel, by cohort, and by what it costs to win a customer.
- Work out a second location or a new service line before committing to it.
- Tighten routes and scheduling where the trade lives or dies on density.
- Screen a tuck-in, and plan the manager hire and incentive pay that lets you step back.
A one-person shop gets to buy and bid like a chain, and the gains stay with the people doing the work.
- Pool purchasing across operators so the volume discount, and the savings, flow to them.
- Route work between operators on fit, so a customer is served by the right hands.
- Set up real benefits and paid time off for a small crew, bought through the network at group rates.
- Benchmark your numbers against peers in the trade, pooled so no single shop's books are exposed.
- Build the network's banking relationship, so each operator borrows with more behind them than one shop alone.
- Share the back office and the local advisor bench (the bookkeeper, the attorney, the CPA) that a one-person shop could never staff alone.
- When an operator retires, the business meets its next owner inside the network first.
When you have earned your exit, a retirement worth celebrating: you go enjoy what the work built, and the crew and the craft you grew carry on, the way you wish the last owner had left it.
- Lay a retiring owner's real exit paths side by side, with a plain call on which one serves them.
- De-risk the business against the loss of any one person, with continuity and key-person plans.
- Test whether an employee-ownership transfer is feasible at this payroll size.
- Draft the buy-sell or family-transfer agreement that funds the handoff.
- Get the numbers exit-ready, legible to the owner and built for the next buyer's review.
- Normalize owner comp and run an annual operating plan so the business runs to a baseline.