Nick Buchanan – Company Data Dashboards at BUCS Analytics – Ep.154

My guest on this episode is Nick Buchanan. Nick and his father founded a data software business called BUCS Analytics in 2006. BUCS builds deep analytical dashboards for CEOs that pull from internal data sources like ERPs, inventory systems, and more. Long-time customer Trevor Flannigan, COO of the Flint Group, introduced us after hearing about my deep curiosity of data companies.

Nick and I talk about building the company with his father, building momentum in product development and sticking close to customers, hiring a talented team, and how to find groups and peers to help guide your entrepreneurial journey.

Listen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn


Nick on LinkedIn

BUCS analytics

Sean Joy – CEO Journey within Chenmark – Ep.152


(2:15) – What is Bucs Analytics and the founding story? 

(7:35) – Are there any industries you’ve specialized in?

(9:38) – Can you walk through product development?

(13:11) – How do you decide on outcomes of experiments where results come out similar?

(16:25) – Are there 2-3 ways you measure engagement and value? 

(17:41) – What’s been the process of evolution on the sales side? 

(20:53) – What are the channels you’re hoping to develop further?

(22:13) – What are the benefits of having a group of peers over time? 

(25:34) – Is there one change or development in your peer group that’s helped the most? 

(27:35) – Where was your mindset when starting Bucks and how has it changed over time?

(29:19) – What are some of the most successful ways you’ve found to attract and keep talent at Bucks?

(32:21) – what does it look like fulfilling a new employee’s goals? 

(34:46) – What’ve you learned the most about managing change in a company? 

(36:37) – What’s your philosophy for setting goals? 

(39:21) – Have you ever made secondary adjustments to annual goals?

(40:30) – What goal do you feel you’re the most excited to achieve this year? 

(41:13) – What strongly held belief have you changed your mind on?

(42:40) – What’s the best business you’ve ever seen? 

Think Like an Owner Sponsors:

Live Oak Bank — Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. Live Oak has closed billions of dollars in SBA financing and is actively looking to help more small company investors across the country. If you are in the process of acquiring a company or thinking about starting a search, contact Lisa Forrest or Heather Endresen directly to start a conversation or go to

Hood & Strong, LLP — Hood & Strong is a CPA firm with a long history of working with search funds and private equity firms on diligence, assurance, tax services, and more. Hood & Strong is highly skilled in working with search funds, providing quality of earnings and due diligence services during the search, along with assurance and tax services post-acquisition. They offer a unique way to approach acquisition diligence and manage costs effectively. To learn more about how Hood & Strong can help your search, acquisition, and beyond, please email one of their partners Jerry Zhou at [email protected] 

Oberle Risk Strategies– Oberle is the leading specialty insurance brokerage catering to search funds and the broader ETA community, providing complimentary due diligence assessments of the target company’s commercial insurance and employee benefits programs. Over the past decade, August Felker and his team have engaged with hundreds of searchers to provide due diligence and ultimately place the most competitive insurance program at closing. Given August’s experience as a searcher himself, he and his team understand all that goes into buying a business and pride themselves on making the insurance portion of closing seamless and hassle-free.

If you are under LOI, please reach out to August to learn more about how Oberle can help with insurance due diligence at Or reach out to August directly at [email protected].

Oakbourne Advisors– Oakbourne is an independent retirement plan consulting firm that helps small companies design and implement great retirement plans for their teams.  Whether you already have a 401(k) in place or are looking to start one for your team, please reach out to learn more about how Oakbourne can set your people up for success in retirement at

Interested in sponsoring?


Join small company investors, search funds, private equity firms, business owners, and entrepreneurs in reading the Think Like an Owner newsletter and other project updates.

Share This