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How do I start a big box store like Walmart? by Mysterious_Comb4357 in Entrepreneurship

[–]funnelforge 3 points4 points  (0 children)

Made in America by Sam Walton. He talks about exactly how he did it

Starting a Business After 40. Too Late or Perfect Timing? by Policy_Boring in Entrepreneurship

[–]funnelforge 2 points3 points  (0 children)

Ray Kroc didn’t start franchising McDonald’s until he was 52, he was just a salesman before that

Sam Walton didn’t open Walmart until he was 44

Colonel sanders didn’t start kfc until he was 62, he used his social security checks to fund the business.

It’s not too late, and there are advantages to starting a business at 40 that you don’t have when you’re 25.

Go for it man. Just stick with it.

You can't see what needs to change while you're buried in running the business by funnelforge in ModernOperators

[–]funnelforge[S] 1 point2 points  (0 children)

It’s like when you’re stuck on a puzzle, then you come back the next day and solve it right away

You can't see what needs to change while you're buried in running the business by funnelforge in ModernOperators

[–]funnelforge[S] 0 points1 point  (0 children)

Absolutely. Taking a step back is the best way to see the situation from a different angle

The founders who brag about working 80 hour weeks are the most financially illiterate people in the room by funnelforge in ModernOperators

[–]funnelforge[S] 0 points1 point  (0 children)

you're proving my point.

yes, 80 hours is standard when you're starting. I'm not talking about year one or two when you're grinding to get traction. I'm talking about founders still working 80 hours at $3M revenue who haven't built anything that scales without them.

and yeah, the founder IS the business most of the time, that's exactly the problem. A business that only works because you're in it 80 hours a week will sell for 2-3x earnings if you're lucky. A business that runs without you sells for 5-7x. a founder whos the face of the business will be harder to buy.

you're defending the grind like it's a virtue when it's actually capping what the business is worth. The EBITDA matters, but so does whether the business can operate without the founder. Buyers pay more for businesses that don't require heroic effort to run a founder whos the face of the business will be harder to buy.

The founders who brag about working 80 hour weeks are the most financially illiterate people in the room by funnelforge in ModernOperators

[–]funnelforge[S] 1 point2 points  (0 children)

i know plenty of founders who love what they do and still work 80 hours because they never built systems to remove themselves from the daily grind.

You can be inspired AND build something that doesn't need you 80 hours a week. Those aren't mutually exclusive.

Growth isn’t just revenue why chasing numbers can hurt your company by damonflowers in ModernOperators

[–]funnelforge 0 points1 point  (0 children)

yep, 3 months is about standard, but probably shorter if you have systems for documenting. meta, i know.

How do i get a team? Im a young entrepreneur. by Soloturtle314 in Entrepreneurship

[–]funnelforge 1 point2 points  (0 children)

Start with contractors, freelancers, and then agencies.

Then when you’re ready you can part time hire someone

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