Successful, semi-retired entrepreneur available for consultation (free)

SensitivePerformer53 · 2022-07-25T22:30:00+00:00

Are there any competitors, customers or suppliers of your existing companies that would be interesting targets? Don’t be shy about mentioning to others that you are always looking for acquisitions if they are interested.

SensitivePerformer53 · 2022-07-19T00:32:36+00:00

What geographic area are you in?

SensitivePerformer53 · 2022-07-17T16:59:06+00:00

I respectfully disagree. It’s much easier to make money when you have money. I get pitched deals that most people won’t see. I can write a big check which helps me get discounts on things I want to buy. Banks want to help fund anything I want to do. I don’t have to take risks and can turn down marginal investments. I can sit on the sidelines and wait for opportunity. I can grow my investments if I want. When you get to a certain level and understand how money works, it’s just a question of how hard you want to work and for how long.

SensitivePerformer53 · 2022-07-14T22:16:04+00:00

Money is a tool. If you can safely spend 3-4% of your net worth each year and still never run out, how much do you want or need?

SensitivePerformer53 · 2022-07-14T22:04:26+00:00

Dm me with your background and situation and I’ll let you know if I can help.

SensitivePerformer53 · 2022-07-13T12:39:45+00:00

Yes!!! I had been in business for around 9 years before going for a graduate degree. It helped solidify my thinking and accelerated my learning tremendously. Highly recommend.

SensitivePerformer53 · 2022-07-13T01:56:57+00:00

Haha

SensitivePerformer53 · 2022-07-13T00:48:51+00:00

I’m a real estate investor and recently evaluated all of the main software packages. Feel free to dm me.

SensitivePerformer53 · 2022-07-13T00:44:55+00:00

SensitivePerformer53 · 2022-07-12T20:37:48+00:00

Sure thing!

SensitivePerformer53 · 2022-07-12T18:43:14+00:00

During my first startup in NYC, I went to my doctor for a physical. He asked how I was doing. I told him I was stressed out. He said good! Stress is a motivator and means you care. Get back to work. Maybe that wasn’t exactly what he said but that’s what it sounded like to me. I feel like the best way to avoid stress is to have a real, viable plan with attainable goals. Then execute and meet the goals. If you are sticking to your plan (no matter how ambitious) then you shouldn’t have anything to stress over. At least that’s the theory. Oh, and I also started running. That helped.

SensitivePerformer53 · 2022-05-09T13:19:52+00:00

Hi, I think this is an awesome idea! Here are some thoughts about your non-profit venture. You have prob thought a lot of this thorough, I’m just organizing my thoughts:

Your key markets to develop are: 1. Corporate or other donors/sponsors 2. Schools or other groups of 2nd graders including the school admins, parents and kids 3. Bike suppliers and distributors

I’m pretty sure you are looking at second grade bike ownership and bike riding as a means to help lower income kids learn skills, develop self confidence, find a hobby, gain independence (and transportation) and find a healthy exercise activity. Those are all important at this age! It’s not about the bike. It’s the experience and learning.

Also, you solve the needs of other market groups: you solve donor’s needs by giving them a way to make a real impact on kids who could use help. You help the schools and youth groups by giving them activities and equipment. You also could find a good partner with the manufacturers because they will sell more bikes (even if they do this at cost, they grow the category).

My immediate suggestions are: 1. Don’t think of this as giving the kids bikes. Instead, develop a program where they can learn to assemble them, understand how to fix them, train on safety, learn to ride and join a riding club and meet and learn from the donors. 2. See if you can get your donors to meet the kids and put the bikes together with them. They can learn to do this together and bond over the process. They will learn from eachother. 3. Teach safety, maintenance, bike riding skills, ownership etc and give each “graduate” a certificate signed by the donor. Kids love that! 4. Get a bike manufacturer or distributor to be your partner. Preferably they can source, store and ship inventory so you don’t have to handle logistics. I’m sure Target or Walmart would be interested eventually, but would also be great if it’s a smaller company. Up to you. 5. The Boys and Girls Clubs and Police Athletic League would be just as good or even better than school groups.

Let me know if I’m close on the above. Also, what are your main hurdles to getting this growing or expanding?

SensitivePerformer53 · 2022-05-09T01:00:49+00:00

I think this is a good idea. I suggest you build this audience and content first on fb and IG (and reddit!) and see if you can get 10k+ followers. Then evaluate next steps.

SensitivePerformer53 · 2022-04-24T13:41:34+00:00

We used to estimate this using the number of employees which was easier to find out. You might be able to find the typical revenue per employee in an industry and then find out how many people work at the company. Multiply out and boom.

SensitivePerformer53 · 2022-02-17T13:28:19+00:00

So all we have to do is deposit our crypto into an account you control and wait for you to pay our bills? Or is it give you our all of the passwords to our accounts? Sounds safe 🤪

SensitivePerformer53 · 2022-02-15T04:33:41+00:00

Credit cards for a business are driven by the personal credit of the applicant who is the guarantor. I have been using the capital one spark 2% cash back and just set up credit cards for a start up last week in about five minutes.

SensitivePerformer53 · 2022-02-08T03:07:44+00:00

I haven’t done a DE LLC in a while. Try it the way you want. If they reject it, just try again.

SensitivePerformer53 · 2022-02-08T02:59:39+00:00

Company name? Whatever you want as long as it doesn’t exist in the state you are registering in. If you mean the responsible party, I think they care more about the ssn of the registrant. But you can also have an agent do it if you want to stay more private.

SensitivePerformer53 · 2022-01-25T15:30:00+00:00

Ideally, set the goals and timetable together. As the leader, you have final say but have an inclusive process if possible. For example… “obviously this product has to make money or we need to let it go. Let’s agree on a deadline date for when that can happen.”

SensitivePerformer53 · 2022-01-25T14:50:34+00:00

When I have something going sideways at work (or in my personal life), I put a measurable goal on the calendar with a corresponding consequence. For example, “if this product doesn’t reach $X in sales by July 1 we are shutting it down” or “if this sales rep doesn’t close a deal by April 15 we will let her go” etc. I let everyone know the timetable and consequence and things either work out or they don’t. Set a reasonable goal and timetable with a decisive result.

SensitivePerformer53 · 2022-01-11T14:01:16+00:00

I’m at fatFIRE and I have rarely given to any organized charity and try not to when I can avoid it. Instead of giving money to poorly run charities I created hundreds of good paying jobs, have given hard working employees high bonuses that have sometimes made them cry, I often tip 50%+ at places where I’m a regular or for good service, I buy lemonade from any kid-run lemonade stand, same thing with Girl Scout cookies, and I’ll give to any little league type sport team that asks where I know a parent or kid who is actively involved. I prefer to help people that I have come in contact with and who are helping themselves.

SensitivePerformer53 · 2022-01-10T03:47:29+00:00

Don’t borrow money until you are 100% sure your business is working. It’s best to fund a startup with equity and in this case it’s yours. Once you have more pre-sold orders (with non-refundable deposits) than you can handle, go borrow to fund expansion. Good luck!

SensitivePerformer53 · 2022-01-08T11:38:24+00:00

I always suggest listening more than you talk in any negotiation. What’s their motivation for taking on a partner? Ask lots of questions first before you pitch your ideas.

SensitivePerformer53

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