Would posting an AI photo of yourself or an AI interior design pic on X lead to permaban under this policy?
🤔
X should have a zero tolerance policy for AI replies
Like you do one and your account is suspended for life
Replies are a nightmare now and it's never ever been this bad
AI replies are an an existential threat to the future of this platform, because people will simply stop using it if the vast majority of replies are AI bots
This is an interesting case study in Buy vs Build.
Would buying a small towing company - for its trucks, know how and most importantly Customer List , have been a better move?
On paper, my towing business looked amazing…
Every truck was going to bring in $1,000 a day in repair work for my shops
In real life, it cost more to get jobs than I thought
Fewer of those customers ended up in my shops
And the trucks kept breaking
Insurance was $16,000 to $20,000 per truck per year
After 8 months, I had enough and shut it down
I realized that while chasing a new business was fun, it was financially a terrible decision
Not because of the money I lost but because of opportunity cost to the auto repair shops
Every time you say YES to something new, simultaneous you say NO to something you’re currently doing to make room
This cost multiples the bigger you get
Towing took away time from improving the shops
If my team used that “towing time” to find a way to improve by just $500 per day per shop the results are stunning,..
That adds $5.5M in revenue per year with zero additional overhead or anything new
The simpler you keep the business, the easier to multiply
ALT Brian Beers by a tow truck
I will share. To maximize SEO name your business starting with an A. Think AA Plumbing. This works. Thank me later.
Buying a business can pose a lot of challenges but there are clear playbooks for success. Study @therobertbrooks
Two best podcasts in America both use Forge
@thereforgepod with @MatthewChang and @ThaaatColin
@ForgedUSAPod with @RavinGandhi1 and @goldstein2002
🇺🇸
Official invitation to Boom to join us on The ReForge Pod, where we talk about the actual American reindustrialization.
@thereforgepod
Seth Mosk retweeted
Big law partner learning the reality of owning a SMB
BREAKING: Harvey is rumored to be releasing its new frontier model WEIL 2.6*
For non-lawyers: This is a HUGE story! Weil is legal royalty.
Founded in 1931. $2.1 billion in revenue last year. One of the most powerful law firms on Wall Street.
Lehman Brothers. General Motors. Enron. Weil handled their bankruptcies.
These are the lawyers you call when your company’s collapse is going to end up in a history book.
Now they reportedly need restructuring counsel themselves.
A wind-down would be a stunning end to a 95-year-old institution.
How does this happen?
Big law partner learning the reality of owning a SMB
Bobby out here just trying to get people extra cash flow.
Why is he getting so much hate?
It’s because he called the businesses boring, isn’t it?
If you work a W2 job and don't have a boring business that pays you $5k-$10k a month on top of your salary...
I got you.
Here are 9 boring businesses for sale today (& where to buy them):
Readers added context they thought people might want to know
The "cash flow" figures are Seller's Discretionary Earnings (SDE) including seller compensation for running the business; these service businesses are not passive side income atop a W2 salary and require active management or added costs that reduce net returns.
bizbuysell.com/learning-cente…
acquidex.com/blog/take-home…
bigideasdb.com/passive-busine…
duedilio.com/absentee-owner…
Seth Mosk retweeted
Not pictured: SMB owner who just agreed to sell for $50M
Post Tampa mixer
Not pictured @sethmosk
Left to right
@KurtisCarman
@MatthewChang
@cgstiver
The most connect man on x
Big thanks to @paulswaney3 and @ryanraysr
Great crowd and great event. Ryan really did bring out the stars and also got rewarded with a $50M deal falling into his lap. LITERALLY
@MatthewChang @KurtisCarman
Announcement of the debate topic against @ryanraysr for tomorrow!
“Are Gurus Good for America?”
(Live stream taped by @writeclimbrun who is holding the camera.) nitter.gq/i/broadcasts/1nxeLMALL…
Not pictured: SMB owner who just agreed to sell for $50M
Post Tampa mixer
Not pictured @sethmosk
Left to right
@KurtisCarman
@MatthewChang
@cgstiver
The most connect man on x
Seth Mosk retweeted
Had the opportunity to meet with an excellent operator this morning and he shared his secret sauce.
Work harder on the things that matter.
Simple. See you in Tampa @ryanraysr
Had the opportunity to meet with an excellent operator this morning and he shared his secret sauce.
Work harder on the things that matter.
Simple. See you in Tampa @ryanraysr
This makes an important point for solo owners, have a plan in case of the worst.
CPAs, Lawyers sometimes seem obvious but advisers like Rand or brokers like @ClintFiore or @wraithbrokerage can really be more beneficial to continue operations and maintain value over the service providers. Plan ahead.
Had a super weird, crazy win this morning.
I was added to one of our member’s “In Case of Emergency” documents. Like (god forbid) if he dies or is in a coma.
It reads:
[Redacted Name] has known Rand about four years. He runs [Redacted Name’s] small business owner peer group and the larger Scalepath peer group organization, and knows nearly everyone in the small business acquisition world.
[Redacted Name] highly recommends reaching out to him, he can find the right person to help with almost any topic or problem that comes up.”
4 years ago I was not this person, just a guy getting business owners together.
Today and especially this last year, I’m able to be personally helpful to a large group of people.
Sorry if this sounds like bragging, this is just a really cool sign of personal achievement and “doing good things” over a long period of time without a clear payoff and through periods of doubt.
Which btw, is what most business owners go through.
BRB, I’m going to frame this quote and put it on a wall.
