People with fancy MBA's like to create complicated financial models
As a simpleton I break down a P&L into 4 numbers
This model works no matter the size of the business
Walt Disney created one of the all time "business vision boards" for Disney in the 1950s:
- Thought through all the network effects
- Connected the dots between 5+ different businesses
- Mixed hardware, software, digital and print
- Understood the specific connectivity between each offering
- Creativity as the core competency of the company (the toughest moat to break)
@lawyer4SMBs 1. Other team members not pulling their weight.
2. Toxic bosses.
3. Too much talking, not enough action. 4. False promises for promotion or pay bumps.
Quick PSA on buying Main Street biz, a thread 🧵
Lots of “buy a Main Street biz with $100k and a dream, and max SBA leverage!
Have 250k-300k/yr in cash flow!”
Possible? Yes.
Likely? No.
Eventually? Maybe
Will the algo like this thread? No.
Don’t care.
Let’s chat.