BazBaz

@theraleighwill Shark🦈

We had our team of deal scouts search thousands of business listing sites and pick the 75 best sites for U.S. based SMB acquisitions based on sector. I want you to have it so you can shark more deals. RT and comment 🦈 and it’s yours. Make sure the dms are open!

@garyvee @veefriends I’m all in on series 2, so another would be awesome! 0x716aba1d3db0d7b2cf93aab7b8da418e9c6a15bf

anyone need a ticket to veecon ? or a series 2 @veefriends ...having a little sunday joy session

@mikehoffmann Vending

I make $10,000 a month from vending machines. So I recorded a 5-minute breakdown on exactly how I do it (So you can too) Want me to DM it to you for FREE? •Like this •Comment "vending" *Must be following*

@richwebz Workshop

I run my $500k solo business in ~15 hours/week. How did I transform from burnt-out freelancer to owning a multi-six figure lifestyle business? I recorded a 72-minute workshop explaining how to do it. Reply "workshop" and I'll DM you the video. Hurry. It expires in 48 hours.

@The_MMW Cash

@Todd_VF I’m in the same position pretty much. Break even to me isn’t just about the value coming back to what I invested, but the opportunity cost of tying that capital up year after year

@richfalkwallace Would love the excel, thank you

An entire MBA fits on one page. But you better know the math cold. Like & comment if you want the excel. 6 topics: *1) Unit economics* This builds from product-level unit economics to company financials. Quantity per unit, growth in units. Price per unit, growth in pricing. Cost per unit, marketing spend per unit. Get you return on ad spend (ROAS), customer acquisition cost (CAC), LTV/CAC, gross margins, unit contribution margins, and more. This model sets up two diverging products: A higher gross margin (GM), higher marking cost, low pricing power, low growth product. Against a lower GM, better pricing power, better growing, lower unit market cost product. To show how the dynamics of the two play out over time. *2) Accounting* Unit drivers flow into revenue, variable COGS, and variable SG&A. Then to EBITDA, EBIT, EBT, Net income & EPS. Simple cash flow statements & balance sheets reconcile D&A to inflation-adjusted replacement CapEx, debt levels, & GAAP PP&E. You have to be fluent in accounting to look at public companies. Not because accounting itself matters. But because accounting can obscure what matters. And your task it to translate GAAP into meaningful business logic. *3) Operating ratios* Unit drivers output financials, financials output overall business ratios. Revenue growth, EBITDA growth, EBITDA margins. Contribution margins (= change in profit over change in revenue). Net debt-to-EBITDA, net debt % of EV. *4) Valuation* You can drive valuation on multiples or a DCF. Which are equivalent: The discount rate minus the growth rate determines the 'terminal multiple.' Using a P/E instead of a DCF simply uses next year as the terminal value. This model drives value from the DCF, and maps that to the multiples to show how they connect. *5) Corporate finance & DCFs* DCF math attached using the CAPM. The summary is a beta from historical returns, add the cost of debt. To get the WACC - the theoretically correct discount rate. DCFs are extremely assumption laden - you can get out almost whatever you want. But realistically. Your banker (or analyst) will make the math work out to a 7-13% discount rate. Depending on the risks, industry, markets - and what they want to achieve. *6) Sensitivities & the hard part* The last section sensitizes the equity value and multiples to unit and price growth. Bringing unit drivers full circle to valuation outcomes. Ultimately, the hard part isn't the math. You have to be fluent in the math, its nuances and its limitations. If not, you will lose out to those who are. But once you are, you also have to shift focus. To the hard part. Which is always in filling in the numbers. If you're investing, that means thoughtful views on unit drivers; on how, when, and why they shift. And if you're building, it means making the numbers on the page happen. That's all for now. Like & comment if you want the excel.

@Visual_Guide_ 2

What’s the right answer?

@The_MMW Cash

@anoninvestor_ Invest

Finding great investment ideas is HARD, but doing company research is even harder I managed a multi million dollar fund, and I want to share my research process with you📈 Comment "invest" or RT this post and I'll DM you the guide for FREE!

@djsmeadows @krainak @veefriends Good to hear, wish you the best mate! I’ve seen your outreach on this a few times and thought I’d share my perspective. If you keep focused on this, I’m sure you’ll make it happen :)

@BazBaz887 @krainak @veefriends Respectfully I’m very proactive thanks friend. The 4 New Zealanders that are part of VeeFriends I’m active with. Not many more people as committed as I am friend with this vision I’ll take the 2 cents and put it towards another VF1 ♥️

Yo @krainak you looking for someone in NZ/Aus for the @veefriends team yet? Surely you need someone down here for something 🙋🏻‍♂️ *I know I’m short but Andy is tall 😅

@IAmPascio SEND

ChatGPT is a FREE assistant But 97% still don’t know how to use it. So I built ChatGPT Mastery Course 59 videos & 16 hours of video content Easily worth $1000’s, but for the next 24 hrs, it’s FREE! To get it, just: 1. Follow me @iampascio 2. RT this tweet 3. Reply "SEND"

@LayahHeilpern Play the long game and utilise the additional time you have wisely

I see many bitter people in their 30s and 40s. What advice would you give to people like me in their 20s so we don’t end up like this?

How to boost your mood

@BrianFOConnor Lacking strategy, execution or capital

90% of new businesses fail. Why (in 5 words or less)?

Can't make it to the gym? Do these 12 microworkouts anytime, anywhere:

“We suffer more in imagination than in reality.” — Seneca