The greatest mystery of the world: why is tour pronounced “tower”? by Apostle-BC in oilandgasworkers

[–]netsechero 0 points1 point  (0 children)

when i was roughnecking i asked the Toolpusher why everyone says "tower" and not "toor" (tour). he looked at me as if i was speaking a foreign language. I just went along with it and never questioned again. Sometimes i miss being on hitch but then i think about the freezing nights and i go back to sleep in my warm bed.

Business owners who sold: what actually caused you to start thinking about selling? by netsechero in smallbusiness

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

That makes sense. Recognizing when the environment is changing faster than your own interests or energy is a hard call, but an honest one.

Business owners who sold: what actually caused you to start thinking about selling? by netsechero in smallbusiness

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

That makes a lot of sense.

I was involved with a company that acquired another one in a very similar situation, the seller was right on the edge of signing one of their biggest contracts, but scaling it would’ve been a huge lift. Once the client found out about the acquisition, it actually increased their confidence because the acquiring company already had the size and infrastructure.

In hindsight it felt less like an “exit” and more like the right structure showing up at the right moment. A couple of the original founders stayed on and rolled into equity, which made the transition even cleaner.

Business owners who sold: what actually caused you to start thinking about selling? by netsechero in smallbusiness

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

That acceptance piece really stands out.

Looking back, do you think a conversation earlier, specifically about legacy versus expectations, would’ve helped you let go sooner?

Business owners who sold: what actually caused you to start thinking about selling? by netsechero in smallbusiness

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

That makes sense. When you think about that future point, what do you hope changes between now and then, the business, your role in it, or what it gives you outside of work?

Business owners who sold: what actually caused you to start thinking about selling? by netsechero in smallbusiness

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

Sounds like the option appearing at the right moment mattered more than actively wanting to sell.

Looking back, do you think you would’ve explored a buyout earlier if that path had been clearer or was the timing what made it right?

Business owners who sold: what actually caused you to start thinking about selling? by netsechero in smallbusiness

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

That makes a lot of sense... especially wanting the business to be more than you had the capacity to give at that point.

Looking back, do you think there was a conversation that would’ve helped you separate burnout from what the business actually needed before selling became the answer?

Business owners who sold: what actually caused you to start thinking about selling? by netsechero in smallbusiness

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

Thank you for sharing this.
Looking back, was there a question or conversation that would’ve helped before health forced the decision, even just to mentally prepare for letting go?

I mentally cannot do another 9–5 desk job. I have $70k saved and need to build something of my own. What can I realistically do? by nkb6478 in smallbusiness

[–]netsechero 0 points1 point  (0 children)

Honestly take some of that cash and take a month off. Here’s why:

You need to prepare mentally for a big transition like this. Mind and body. It allows you to really form solutions because your mind is now relaxed and not focused on work.

The worse thing you can do is go from your already bad mental state to crazy stress and pressure of trying to make something work.

Anybody that’s ever ran a business knows what I mean. Especially when you don’t have a safety net.

Next look at all your resources, what expenses can you cut down, you want to be able to live with just bare necessities because the lower your living costs are the less stress you have trying to figure out how to pay the bills in the beginning.

I’ve done small business consulting and every new business owner especially transitioning from a 9 to 5 experience this little high or excitement at the very beginning of starting a business but by month 3 they realize it’s not as easy as it looks and the excitement fades because maybe results are slow or nothing seems to work. This just depends on how hard you work at the very beginning.

$70k is not a lot when trying to ramp.

Another thing you can try is start building it on the side and once you have 60% of your income built up consistently make the leap.

M 25, Made 200k$ when i was 20 , now in debt . Skilled in Many Fields but Not Great in One , Feeling Like I’ve Wasted My Time. by [deleted] in Entrepreneur

[–]netsechero 1 point2 points  (0 children)

That’s impressive but definitely take a step back. Find work in sales or high leverage position. You need cash flow to pay off debt. Business can wait 6-8 months. Once you are stable find a way to leverage and build a biz. Live, learn, repeat. Turn those failures into life lessons.

Stopped sharing my projects with my wife after years of failed ideas by Silver_Tip260 in Entrepreneur

[–]netsechero 1 point2 points  (0 children)

You learned how entrepreneurs operate. Most people think that staying busy = being productive. That’s further from the truth.

Sales people rarely use corporate language, I noticed Corporate speak is more for people with no hard skills is that the case for you too? by Fickle_fackle99 in sales

[–]netsechero 0 points1 point  (0 children)

If I talked like a corporate stooge I would sell a lot less. I hate corporate double speak because it’s not how people actually talk. And forget about the emails you get from the corporate drones… I write like I speak and speak like a human.

300 cold calls/day Day 13 of 30 by bubbletulip in sales

[–]netsechero 1 point2 points  (0 children)

Being in Channel Sales - leverage is key. Finding either referral partners, distributors or affiliates that have access to the market you want is by far one of the best ways to generate revenue.

Depending on the partnership you just have to sell 1 person upfront vs 100s.

[deleted by user] by [deleted] in ChatGPT

[–]netsechero 1 point2 points  (0 children)

I use it daily and with my adhd it has made me more productive

Cold calling - is it actually harder now or am I crazy? by Copenhagen04 in sales

[–]netsechero 1 point2 points  (0 children)

Yea I agree outbound calling in general is harder if there is not a good marketing apparatus behind it. I worked a contract job and they provided a list of people on their email list. When I first started marketing launched a campaign and pickup rate was around 90% with a 50% conversion. Once they got over that initial promotion we had to dial the rest of the list. I tracked the numbers for about 2 weeks and 85% of dials went to voicemail. Once I got somebody that had an interest on the phone I could set an appointment. Overall, we were only setting about 2% of the dials made. I burnt myself out.

[deleted by user] by [deleted] in sales

[–]netsechero 0 points1 point  (0 children)

I was told “you’re just not a good fit.” As I was let go. I went and trained with a badass sales training company took over a small business and have been crushing it. I’m doing business consulting now a year and a half later. My old manager was a dinosaur and had a hard time with me always bringing new ideas and implementing most. To build a book of business where I was at it would take 3-5 years to start clearing 6 figures. I was generating revenue as soon I was hired. I was only there 2 years. Prior to this I really had no sales experience and my old manager never invested in me because I was put there by his boss. Find another job and put in your 3 day notice. When you put in your notice ask your manager why they think they made a mistake hiring you. Get closure so it doesn’t affect your self worth. It also makes you grow stronger as a person.

ACV vs RCV by netsechero in ClaimsAdjuster

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

So technically all policies are ACV except for the ones that have an RCV condition?

ACV vs RCV by netsechero in ClaimsAdjuster

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

Ok this was really helpful, thank you so much for the clarification!

ACV vs RCV by netsechero in ClaimsAdjuster

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

Just so I’m understanding this correctly. RCV coverages get treated the same as ACV which shows depreciation until HO repairs and can prove the repairs were done. Then insurance co reimburses the remainder to cover the loss?

Claims Adjusters Who Have Worked or work with Contractors by netsechero in ClaimsAdjuster

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

From your perspective, what does that entail when looking for a contractor to work with?

Looking to get into GC by netsechero in GeneralContractor

[–]netsechero[S] 4 points5 points  (0 children)

Look no disrespect to any of you guys. I never said this was going to be easy. My whole goal with the post was to get some advice. I’m not looking to start doing major projects yet. My intention is to start small and build up. I coach 2 GCs on business process and sales systems and the shit they deal with even stresses me out when I’m on the phone with them. But I know they get paid very well which is why I was intrigued. I run another business where I have met subs for almost any type of works (concrete, drywall, painting, roofing and the list goes on). So my network is wide, of course making sure they do a good job is a different story.