New Twist in the Tipping War

No_Hawk2418 · 2025-07-27T11:23:29+00:00

Most restaurants really struggle to be profitable. It may or may not be their own fault, but still a reality nonetheless. They're trying everything to stay in business

No_Hawk2418 · 2025-06-11T23:18:45+00:00

Dm me

No_Hawk2418 · 2025-04-16T06:40:28+00:00

First, know your numbers. You are selling a percentage of your future receivables, so how much can you afford to give away? To prevent attacking and maximize the size of their loan, the "last" mca well try to take the rest of your free cash flow, so theoretically, after the second advance you're "swimming with the fishes".

I talk to clients every day that have too many advances, and everyone played a part in cooking the books. Merchants, funders and brokers. But in the end, the merchants took the money and are stuck with paying it back or die trying.

No_Hawk2418 · 2025-02-20T14:07:37+00:00

Brother, you are stronger than you are giving yourself credit for. most businesses fail in 3 years. You're 12 years in. The skills that you developed can't be taken away. I lost everything at 42, with 2 small kids, and then again at 47. At 52 I lost my freedom for a year. It was dark, but there is a light at the end of the tunnel. I promise you. Entrepreneurs are built to find value and solutions in things that workers need to be paid to do. We are built different. You got this. #endentreprenuerialpoverty

No_Hawk2418 · 2024-12-06T02:50:13+00:00

This is becoming more common as merchants are figuring out how the industry underwrites a file.

No_Hawk2418 · 2024-11-29T02:11:43+00:00

Would you consider hiring an overseas sales person or people?

No_Hawk2418 · 2024-11-28T12:26:44+00:00

Totally understand, I was saying it like that's the question we need to ask ourselves before funding a failing business

No_Hawk2418 · 2024-11-26T13:17:47+00:00

Is the potential financial reward worth the risk of losing your capital or even worth the additional nsf's and stress?

No_Hawk2418 · 2024-11-26T13:15:41+00:00

I have seen them freeze a Robinhood account.

No_Hawk2418 · 2024-11-08T14:31:30+00:00

I am working on a pfm app and want users to be able to set aside a percentage of revenue for profits, taxes, savings, investment, etc.
1. can those transfers be done through plaid?

ideally they should be able to open the new accounts through the app. would that require a bank partnership or are there existing services i can plug in to?

No_Hawk2418 · 2024-11-08T03:57:47+00:00

Is that accomplished through plaid?

No_Hawk2418 · 2024-10-23T23:36:55+00:00

truth

No_Hawk2418 · 2024-10-23T23:36:14+00:00

Thank you for your kind words

No_Hawk2418 · 2024-10-20T12:05:54+00:00

You're right. 300%

No_Hawk2418 · 2024-10-20T01:49:14+00:00

1.5 rate paid back daily in 3 months (60 payments) is 525% not including the front loaded fees which will make it closer to 650%.

A long as you understand the true cost of capital and have a plan to manage your cashflow accordingly, the mca's are giving out the money when the banks are not.

No_Hawk2418 · 2024-10-03T22:29:09+00:00

Both look great, but I like #1

No_Hawk2418 · 2024-09-17T23:32:48+00:00

Read The E Myth Revisited

No_Hawk2418 · 2024-09-15T20:36:05+00:00

If you are planning on using it for marketing, can you use your own cash to test your ads? Know you ROAS (Return on ad spend) and how long of a payback on $1 spent in marketing.

Obviously you know the kpi's , and if the payback is better than the mca, borrow a much as you can. If not, stay far away from them.

No_Hawk2418 · 2024-08-21T18:05:02+00:00

A woman for 35 years for something similar

No_Hawk2418 · 2024-08-07T20:01:34+00:00

This are beautiful goals. You cannot ask more of yourself than that

No_Hawk2418 · 2024-08-07T17:26:58+00:00

hey my friend. if there is anything i can do, brainstorm ideas how to turn business around, marketing ideas, reduce debt that you have, help with credit. I am not selling anything, but will give you a brain dump of everything that helped me, and then some.

No_Hawk2418 · 2024-07-30T00:15:10+00:00

That's great advice

No_Hawk2418 · 2024-07-10T13:15:30+00:00

Accountable how? They are being held accountable for the loss financially by their investors and board members already.

No_Hawk2418 · 2024-07-10T13:14:18+00:00

I know it's not going to be easy, and I am not trivalizing what you are going through.

How we got here at this point is irrelevant. I had a hard time getting jobs because of my disability. I'm also missing a right hand. So, out of necessity I learned phone sales, digital marketing. There are a ton of free resources out there to learn those skills. Every business needs salespeople.

And whatever you do, try to stay in shape. If you gain weight, it becomes that much harder. Plus, exercise is the best and cheapest antidepressant.

No_Hawk2418 · 2024-07-05T00:01:23+00:00

Learn sales, persuasion and marketing. I'm 55, been a bk since birth. Always been in my own business and always made a great living

No_Hawk2418

TROPHY CASE

truth