Subscribe to Nova

Subscribe to sharper creative work. Brief lessons, useful links, and standout ideas—delivered with style.

Financing

Jul 14, 2026

•

7 min read

Fitness Journal Brand at 2.47x: Why I'd Pass on SBA | The Buyer's Brief

Mike Warren

From Mikes Desk

Jul 11, 2026

•

5 min read

One slice of the seller note counts as your cash. The other slice is leverage. Most buyers never split them.

Mike Warren

Market Pulse

Jul 9, 2026

•

3 min read

The rate is the part everyone shops. The fees are the part that quietly eats your working capital.

Mike Warren

Add Backs

Jul 7, 2026

•

10 min read

The Math Is The Best I Have Scored All Month. The Structure Is The Problem. Here Is The Difference.

Mike Warren

SBA

Jul 4, 2026

•

7 min read

$638K Annual Profit. 2.0x Multiple. 5 Hours A Week. And One Structural Problem That Kills The Deal.

Mike Warren

Negotiation

Jun 25, 2026

•

4 min read

He found the deal. The bank said no. Here's what he missed.

Mike Warren