Founders who raise seed after seed, dilute their equity, and still can’t turn a profit get celebrated
Founders who bootstrap, stay risk on, have majority equity & profitable businesses get overlooked
Clout over cashflow nowadays.
Odds of making $1 million:
🎰 Lottery: 0.0000003%
🏈 Pro athlete: 0.03%
💍 Marrying into money: 4%
📈 Stock market: 10%
🏠 Real estate: 18%
💼 Business owner: 24%
@ReeceWabara What’s your take on Trapstar going into administration. Their balance sheet and income statements look good…. Would love to know your take on it
Golden handcuffs are the most expensive trap in the UK professional class.
You take a £120K job. The salary feels life-changing for the first 6 months. Then the lifestyle catches up — the mortgage on the bigger house, the kids' private school fees, the car finance, the holiday cottage in Cornwall, the partner who's also stopped earning to look after the kids.
The £120K, once a luxury, has become the minimum required to keep the life running.
The job becomes impossible to leave because the entire structure of your life depends on it. You stop questioning whether you actually like it. You start measuring everything against the salary you'd be giving up.
The lads who 'made it' in the City, in law, in tech management are the most trapped people in the country. Their version of freedom is being able to afford to retire by 55, after 25 years of work they couldn't escape from. The lads with no salary and no fixed costs have more genuine freedom at 27.
What looks like the prize from the outside is actually the bait. The salary holds you in place better than any contract could.
I agree.
Revenue projections are only beneficial when you use your actual growth rate from the previous years, adjust for any factors which may positively or negatively affect next years run rate. This helps plan stock buys, so you’re not understocked.
However, most founders are simply delusional, they plan unrealistic growth, therefore buy to much stock which ends up heavily discounted, in order to free up cash flow and close the gap on the predicted revenue vs actual
The problem lies & I see this everywhere, is that most brands revenue figure is pure vanity, made up of inefficiency and low gross margin figures. But now they have huge numbers to hit each year and the only way to hit it is by repeating the party trick. More sales lol
Success lives & dies by the speed of your feedback loop
Your feedback loop is built on risk appetite & curiosity
Risk appetite means you fail fast and iterate
Curiosity means you spot the patterns others miss
Bet it all on yourself. Stay obsessed.
The 7 Baby Steps are:
1. Save $1,000 for your starter emergency fund.
2. Pay off all debt (except for the house) using the debt snowball.
3. Save 3 to 6 months of expenses in a fully funded emergency fund.
4. Invest 15% of your household income in retirement.
5. Save for your children’s college fund.
6. Pay off your home early.
7. Build wealth and give.
Home “ownership” is a 30yr anchor sold as a dream
Hard to move. Hard to invest. Hard to take opportunities
Just a debt that keeps you stuck whilst the world moves on.
There’s an abundance of billions & beautiful women in the world
Unethical money moves & chasing women signals a scarcity mentality
The outcome of your life is the net sum of your thoughts
Think abundant.
The sun was free. They sold you SPF 50 and a vitamin D deficiency.
Sleep was free. They sold you an app, a pill, and a wearable that tells you your sleep was bad.
Walking was free. They sold you a treadmill, a fitness tracker, and a £180 pair of trainers.
Fasting was free. They sold you meal replacement shakes and the anxiety that skipping breakfast would wreck your metabolism.
Cold water was free. They sold you a £3,000 plunge barrel and a podcast episode about it.
Silence was free. They sold you a meditation app with a premium tier.
Animal fat was cheap. They sold you seed oils, then supplements to replace what the animal fat contained.
Tallow was cheap. They sold you a seventeen-step skincare routine and a clinical trial proving your face needs ceramides.
Meat was cheap. They are currently selling you the idea that you shouldn't eat it.
The 20th century removed access to everything the body needs to function.
The 21st century is selling it back, one subscription at a time.
Your great-grandmother had none of the products.
She had all of the things.
Facts about men that don’t like birthdays:
- They are low maintenance
- They like being alone
- They’re used to making themselves happy
- They measure life in progress and not dates.
- They pour into others more than they receive.
- They don’t like drama.
Sometimes you will have to just rebuild from scratch. It sounds worse than it really is. The second time around you can rebuild 100 times smarter than your first attempt. Don’t have so much fear little grasshopper.