Please don’t get jacked up on cheap SBA money and go tag the 14th thing you look at.
This is a valuable thread and @XavierHelgesen has excellent intentions. If you were planning to buy a SMB using the SBA, the deal got sweeter.
That said, there are caution flags I'd like to raise:
1) It's brutally hard. I outline the steps here https://t.co/MZ0beEl0UU
Please don’t get jacked up on cheap SBA money and go tag the 14th thing you look at.
If things turn against you, you’ll declare bankruptcy. Seen it happen. Not pretty.
The idea of cashing checks and “allocating capital” is a joke. Someone somewhere has done it, but I’ve never seen it.
It’s going to be a challenging 7/365 grind to hopefully make very good money. That’s the best you can hope for.
You’ll often have top employees getting more cash out of the business than the owner.
There's a chasm between the world of finance and operations. If this is surprising, be worried.
Cash is like oxygen. You only pay attention to it when it's in short supply and that's often too late.
More from Tech
These past few days I've been experimenting with something new that I want to use by myself.
Interestingly, this thread below has been written by that.
Let me show you how it looks like. 👇🏻
When you see localhost up there, you should know that it's truly an experiment! 😀
It's a dead-simple thread writer that will post a series of tweets a.k.a tweetstorm. ⚡️
I've been personally wanting it myself since few months ago, but neglected it intentionally to make sure it's something that I genuinely need.
So why is that important for me? 🙂
I've been a believer of a story. I tell stories all the time, whether it's in the real world or online like this. Our society has moved by that.
If you're interested by stories that move us, read Sapiens!
One of the stories that I've told was from the launch of Poster.
It's been launched multiple times this year, and Twitter has been my go-to place to tell the world about that.
Here comes my frustration.. 😤
Interestingly, this thread below has been written by that.
Let me show you how it looks like. 👇🏻
Recently I just refunded all Poster's sales from Gumroad. Being that said, I decided to not using that service anymore.
— Wilbert Liu \U0001f468\U0001f3fb\u200d\U0001f3a8 (@wilbertliu) November 19, 2018
Here's a little story \U0001f447\U0001f3fb
When you see localhost up there, you should know that it's truly an experiment! 😀
It's a dead-simple thread writer that will post a series of tweets a.k.a tweetstorm. ⚡️
I've been personally wanting it myself since few months ago, but neglected it intentionally to make sure it's something that I genuinely need.
So why is that important for me? 🙂
I've been a believer of a story. I tell stories all the time, whether it's in the real world or online like this. Our society has moved by that.
If you're interested by stories that move us, read Sapiens!
One of the stories that I've told was from the launch of Poster.
It's been launched multiple times this year, and Twitter has been my go-to place to tell the world about that.
Here comes my frustration.. 😤
So we had to develop technologies like this to barely manage control over limited areas in Iraq's few urban centers. Only ~8 in 100 Iraqi adults owns a personal vehicle. That rate is > 1 car/adult in America yet I have never seen any doctrine paper or work of fiction address this
We've seen and struggled in civil conflicts with instant, local, universal, distributed communications (cell phone era, basically every conflict since 2000). We've seen and struggled in conflicts with instant, global, universal distributed communications (everything since 2011).
The world's most overfunded military and glow in the dark agencies struggle and largely fail to contain conflicts where fhe vast, vast majority of people are locked into a ~5mi radius of their home.
How can they possibly contain a conflict in a nation with universal car ownership and the most developed road network in the world? The average car can travel over 400 miles on one tank of gas, how can you contain the potential of that kind of mobility?
I think that's partially why the system was so freaked out by 1/6. Yes, most of it is histrionics but you don't decide to indefinitely turn your capital into the Baghdad Green Zone with fortifications and 25k troops over histrionics alone.
Hey guys, just a friendly reminder. We're watching you. pic.twitter.com/bGwi1uJBwT
— CIA Metadata Analyst with 8 kids (@CiaKids) September 23, 2019
We've seen and struggled in civil conflicts with instant, local, universal, distributed communications (cell phone era, basically every conflict since 2000). We've seen and struggled in conflicts with instant, global, universal distributed communications (everything since 2011).
The world's most overfunded military and glow in the dark agencies struggle and largely fail to contain conflicts where fhe vast, vast majority of people are locked into a ~5mi radius of their home.
How can they possibly contain a conflict in a nation with universal car ownership and the most developed road network in the world? The average car can travel over 400 miles on one tank of gas, how can you contain the potential of that kind of mobility?
I think that's partially why the system was so freaked out by 1/6. Yes, most of it is histrionics but you don't decide to indefinitely turn your capital into the Baghdad Green Zone with fortifications and 25k troops over histrionics alone.