@Ye_Olde_Holborn What about infinite money printing - that cash ends up flowing into assets like s&p since it has nowhere else to go
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Deep Johal
619 posts
Deep Johal
@deepj0hal
Acquiring and growing SMBs & documenting the journey. Bought 3 cleaning companies and 1 commercial laundry 2024
Katılım Kasım 2023
353 Takip Edilen169 Takipçiler
CASH ISA > S&P500 (most probably unless you believe in miracles)
I read a great research report yesterday where an analyst was using AI to try & demolish his bull thesis on a particular stock (& its sizing within a portfolio).
The report is top secret (behind a paywall) but I will share this little nugget of general info that came out within the 60 page exchange⬇️
*Note, I’m not endorsing cash ISAs ~ they’re retarded
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@Jmfthree1 @MarkYusko Apparently not. Seems like central banks were net sellers of gold for a couple decades to prop up their fiat. The available supply to sell eventually starts slowing down and price follows
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@MarkYusko Respectfully disagree. Large players can just roll this derivatives forward. Gold was manipulated for decades.
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@AccountantMurph 😂
We once did a monthly bonus scheme. To qualify you must have arrived at all your jobs within 15 min arrival window and had no last minute call offs. Nobody qualified
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I employ more than 15 cleaners. As a a small business, we need to build team morale. We started Employee Of The Month to reward the most reliable cleaners.
In January, nobody won.
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@TS_Secrets Id drop the fish oil and just eat fish - too many mixed reports of rancid oxidised fish oil. Add nattokinnase, lactoferrin, sodium ascorbate
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Ok fellas.
What does your vitamins stack look like?
I’m in beets gummies, fish oil, and a daily multi.
What should I add or drop?
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Red light to the thymus might end up being the one intervention that undoes a lot of the damage from the last 5 years
We’ll see
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@EndresenHeather This is encouraging. 3/4 people have been successful to varying degrees
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SMB X, it's poll time (I ran this same poll 18 months ago, let's compare the results):
Please only respond if you've acquired an SMB at least 3 years or more ago:
Your current assessment of the acquisition is:
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@pjmcgeary All of us are finding out house cleaning is far more discretionary than we hoped 😭
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@blueprintsmb22 But your career optionality as a business operator goes up massively - you now have direct experience running a levered SMB and can likely find a job for another business as a manager quite easily
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Grabbed coffee w a younger guy at a hedge fund yesterday afternoon who asked me what I’ll do if this business pivot doesn’t work out.
I laughed. I’m in my 40s and 3 years removed from working in a traditional job. Nobody is looking for me. Literally nobody. I don’t fit in a box. My skillset isn’t desirable (public markets and managing small manufacturing biz). Nobody wants to hire an older ex business owner. Recruiters will look at my resume and think skillset is weird and will he be willing to go from general to soldier?
I told him if you are worried about maintaining career optionality, definitely don’t buy a business. That said I told him at some point in your life you need to stop hedging and lean into what you want to do long term.
GIF
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@dealflow_guy @Will_Schryver Agreed. On top of gravity you’re also competing with everyone else who already has momentum and compounded in different ways. Insanely difficult
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@deepj0hal @Will_Schryver The only people who disagree with this are those that haven’t done it.
You’re fighting gravity.
Founders are special people (for all their flaws).
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What’s more impressive?
Building an HVAC company from:
$0M -> $2M
$2M —> $10M
$10M —-> $50M
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@dealflow_guy @Will_Schryver 0-1 is always by far the hardest step
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@irentdumpsters @CharlesSchwab First company that makes a non retard customer service AI agent 🚀🦄
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you guys think AI is going to take over phone support?
Ive been talking to @CharlesSchwab dumb ass AI answering for 10 minutes
human would of activated my card 9:30 minutes ago
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Just decided to not renew @Calendly what is an option everyone is using ?
What are your favorites ? Should just use google calendar for everything ( booking link etc )
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@FreebirdSMB @JesseTinsley @SMB_Attorney Yes it does. Its a quasi roll up / virtual roll structure up using mainly share swaps. Each seller understands the upside of back office synergies & multiples arbitrage
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@JesseTinsley @SMB_Attorney does this structure check out at all? For obvious reasons I’ve never heard of any searcher or independent sponsor getting a structure like this
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Want to know how to build $10M+ in net worth Starting with zero dollars? Read on….
Since I have a reputation for roll-ups now here’s how I would structure such a deal (I’ve successfully done this 2x so this isn’t hypothetical).
XYZ founder pledges or agrees to a future sell of their company. They roll 100% of their equity into my SPV.
Say for ~$10M, so in the future they have $10m in preferred liquidity preference + a percent of rolled equity. I agree to add xyz value by other additional tuck ins and working capital. The structure gives them capped downside risk and asymmetrical upside. Mainly because at this point if I can’t build something into 9-10 figures I simply don’t have time to do it.
Yes I’m the King of leveraged buyouts (LBOs) I’ve done many at this point. My track record speaks for itself. But fun fact: the original name of LBO was “bootstrapped acquisition” which is what I just highlighted above. Corporate finance changed the name so it sounds sophisticated (leveraged buyout sounds scary) it’s really not.
Rinse and repeat… end.
Music, Film & RE Investments@investandcreate
@JesseTinsley Can you do it from 0?
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@MetalsBrah Apparently Maldon brand in UK & europe has non detectable levels of metals in their salt (for those who cant get access to Vera)
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Two of the most important vectors to be as ruthless as you can with in your daily life with heavy metals are water and salt.
Because we need and consume so much of them every single day.
5 micrograms per day (in the Celtic sea salt), every day, adds up to ~ almost 2 milligrams of lead per year, which adds up to 20 milligrams of lead over a decade just from salt!
This is assuming NO OTHER EXPOSURE, which is highly unlikely.
For context, most modern humans have about 40 milligrams of lead in their entire body after a lifetime of exposure.
Very good work here, appreciate this sir!
Personally I use Jacobsens and Vera Salt.
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Cleaning bros, price check in your market on 7200 sq. ft. new build post construction clean?
@pjmcgeary @remotecleanguy @ken_cleans @AccountantMurph
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@theNOBSdentist Does thumb pulling likely expand the bone or just similarly move teeth?
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@deepj0hal Moving teeth would fall into the faux-expansion category! Tipping teeth is not expansion despite many of these appliances pretending that is the case.
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Thumb pulling is a great alternative to traditional palate expansion especially if you’re into sewing your own clothes, or using a typewriter.
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@marcgoone @TheJeremyHaynes I may know someone. Please DM me and I’ll make an intro
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can i be honest?
i have no fucking idea how to find someone to run our sales team
we'll do ~$450k this month (100% organic)
closing 44% on one call closes
ads are ready to go (shoutout @TheJeremyHaynes inner circle)
but we're NOT running ads yet because we can't handle the volume
so we're sitting here with a money printer we can't turn on until we find the right person
problem is:
- where do high-ticket sales people (coaching/info) who've actually BUILT teams hang out?
- what makes someone leave a $250k/yr job for $400k+ with massive upside?
- how do you know they're not full of shit?
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What would you pay for this?
Industry: Residential Plumbing + Trenchless Sewer
Revenue: $14,800,000
Gross Margin: 51%
EBITDA: $3,100,000
Founded: 2007
Team Size: 62
Location: Mountain West Region
The catch: owner openly discloses a non-violent felony from years ago.
No seller equity roll. All cash at close.
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