kyleboggio

@_sholtodouglas @JeremyNguyenPhD As a business owner I don’t do a lot of coding, and I hit limits in what seems like 30 minutes sometimes. Half the time is because it tries to do everything as a .docx. I just want html or markdown outputs as standard. Maybe a high efficiency mode? I need output, not narrative.

@JeremyNguyenPhD if you still unexpectedly hit limits pls link me transcripts!

When do you reach for other models instead of Claude? What can we do better? Hit me with all of your frustrations. dms open. If you can give me detail (e.g. specifics/transcipts) - it'll help a lot in finding out exactly what we need to do to improve the next model

@pipelineclub100 What kind of cope is a BMW X7 or Mercedes GLS 500? Let me know how I’m going to be torn apart before I buy one.

The Rolex equivalent for parents is having a big SUV like a Yukon XL or Lincoln Navigator. Suburban and Expedition are second tier. Showing up to mog at all the kids events, school drop off line, etc. I always know who the business owners and top sales guys are. All the low cash flow guys cope about minivans being convenient.

@mrgrozz That’s my quant.

💀💀💀

@clkbsfth @StuartBlitz Anyone in the healthcare space moves slow because of regulatory approvals. Healthcare companies don’t scale this fast because of the regulatory landscape. Healthcare people know he’s breaking the law if he’s moving this fast. Simple as that.

@StuartBlitz explain more please?

It's interesting to observe the two wildly different viewpoints of the $1.8B revenue AI-built GLP company: People who have been health operators (or those that understand these models) vs. people who have not

@SMB_Attorney There are some posts that have identified letters from the FDA that indicate what he’s doing is not on the up and up. Other posters indicating that his ads tout fake doctors and are generally probably illegal. Health care is pretty tough if you follow the rules. Won’t take long.

I can't wait to repost this with "told you so"

Why on God's green earth would you allow the New York Times to do a profile on you bragging about your fat margins if you have nothing proprietary, no moat... zero way of stopping copy cats? Something's not adding up!

@sweatystartup @SahilBloom Look up grohplayrooms or 4 little kids interiors, or a whole bunch of other playroom designers to find more like this: instagram.com/reel/C-D80FaRN… In process of having a playroom designed for my home reno… and a slide from second story kids rooms to rec room/playroom.

@SahilBloom Damn who built this out for you?

We got creative to keep our crazy 3-year-old active during a cold Northeast winter…

@StormsOnErie I’m on Camelot near sugarloaf hill in Port Colborne and we were out for a few hours. Folks at @HydroOne got us back up in a pretty timely fashion.

Snow coming for much of Lake Erie tonight. The winds are expected to simultaneously notch it up on the east half. Sporadic power outages ongoing. Having seen anything huge but in total over 10,000 homes without power near the lakeshore in ON, NY, OH, PA.

@ronmortgageguy @ManyBeenRinsed Unless they are talking about driving inflation to work our way out of the problem, and then we’re all fucked.

@ManyBeenRinsed Or if you are waiting for your income to catch up to the house affordability: also you're fucked

Carney: "what's important - is that the level of house price goes down relative to their incomes so that the affordability goes up." Never heard a 🇨🇦 politician describe 🏠 affordability as accurately as this. Carney just said ur house is fucked. 👀

@PrivatEquityGuy I sit in the latter category. Happy to share what I know. Shit, I bring in partners on half my deals when I find the right grinders! lol

There are two types of business builders: 1. people with so-called secrets, "Well, I can't share this and that..." 2. Gentlemen who run 8 and 9 figure holding companies, "yeah, I'm an open book, what do you want to know??"

@TheDrugMoney Congratulations. Pharmacy ownership is tough, but can be very rewarding as well. Best of luck!

Last week, I became part owner of a Tampa compounding pharmacy. Hilarious timing with the tirzepatide shortage news, but I’m excited to grow this business and aim to replicate what $HIMS is doing. So, if you know anyone in the med spa or weight loss clinic space, send them my way. We currently ship to NY, IL, and FL.

@STLChrisH I think it gets “less technical” as in, I can hire people with technical abilities to take on HR, operations, finance etc… which enables you to scale but all the time you’re scaling you feel less in “control” of the things that you basically hired those people to manage for you.

Perception: Once your business is big, it gets easier & feels more stable. Reality: It always feels fragile - like we are one event away from a major setback. Anyone else feel this way?

@rolfversluis @STLChrisH This is exactly how I feel sometimes…

@STLChrisH Always . As the person in charge you’re moving from one problem to another, so your whole business looks like a bunch of problems Then when people from the outside compliment you on how great a business you have, you get imposter syndrome

@PrivatEquityGuy Nobody wants to talk about the mental toughness… everyone wants to be my partner but they get squirmy when you ask how deep their commitment to making it happen goes… “can you survive on no salary for a while if cash flow dries up?” Crickets. Want all reward and no risk.

$12M in annual net profit and a dream home in 33 Byram Dr, Greenwich, CT 06830 The formula: A lot of folks want to acquire a profitable sub $10m traditional business. Ideally, have a portfolio of 4-6 such companies where they own 30-70% of each. Excellent goal yet VERY few ever go all-in and actually do it. Even fewer succeed. Could it be because they don’t have this high 121 IQ? Or because they aren’t this hyper-focused excel wizard? Or because they don’t have 10/10 communication and persuasion skills? Not really. Most skills are learnable. I believe more than ever that it comes down to having extreme mental toughness. Every week at holdco builders podcast I interview one such person. Discussions about their portfolio companies, their investment thesis, acquisition multiples, profit margins, % debt they use, portfolio CEOs, etc. As well as…. Them looking for high-quality, sustainable, niche companies with continuous profit growth. Preferably led by an entrepreneur or a family… Them building a diversified portfolio, products/services that have… - a network effect - a cost advantage - intangible brand - high switching cost, etc. But still, why do so few succeed in this game of acquiring profitable $1M Ebitda business? That’s because life can be, and is, brutal and hard AF. And eventually it comes down to how you react when something unexpected happens… both in business and more importantly in your personal life. Imagine not raising your desired fund for 2-3 years… Imagine losing 10+ deals to higher bidders… Imagine spending 6-figs on deals and still having no success…. Or take your personal life when doing it all: Imagine your wife or gf leaving you because you still haven’t made it for the past 3 yrs… Imagine losing your twin-sister… Imagine losing your son… All of this could… and probably did happen with folks on this journey. So, again, it all comes down to mental toughness… If you want to build a holdco that will eventually make a net profit of 7-8 figs per year... You gotta be this psycho, crazy curious consistent guy who refuses to give up. Because the price is and will remain very high. Sad reality: You need these madman qualities before you do anything, you need it when you have almost nothing... before you ever raise capital or buy that company that makes $970k in Ebitda. Without these qualities, you will give up before you ever talk to this investor number 51 on your list, or send another follow-up to the business owner number 231 on your pipeline… And because you don't have the crazy mentality, you think it's too hard and brutal and that you should do something else… (Turns out, they both would be THESE right people – one who would finance your first deal and one who is willing to sell his business at 3.8x earnings and seller finance 60% of it.) Long story short… Having this mental toughness is really one of the qualities I've learned from talking to 40 gentlemen who buy, invest, run, and sell profitable businesses like pros, and as a result make $12M in annual net profit… If not more... While living in houses like 33 Byram Dr, Greenwich, CT 06830

@dylthorn @pestctrlguy Mainly cost. Base model odyssey is close to $51,000 CAD. Maverick is $34,000 CAD. The old ford transit connect vans in 2019 were like $24,000 CAD. Inflation is a son of a gun, but also no one makes an affordable delivery van. I don’t need fold flat rear seats, I need it empty.

@kyleboggio @pestctrlguy why not a Honda Odyssey / Toyota Sienna ?

Day 1 post acquisition. 4 brand new Ford Mavericks. In the past, most pest companies used sprinter vans like the Nissan nv200. Every brand stopped making them in 2021 so many contractors are looking for the next best thing. Ford Mavericks fill that void. -cheap - all wheel drive option - truck bed - great mileage. I got 31 mpg all weekend. We just need to get these bad boys wrapped and utility shells installed and they will be ready to go. Brand new vehicles after an acquisition excited employees, shows customers that you’re a serious company, and helps retention from both parties. We mean business.

@pestctrlguy @dylthorn I need them for delivery vehicles for my pharmacies… need to have something that can carry a scooter or electric wheelchair. All the vans are gone!! I was just looking at a maverick today as I genuinely think it might be the only thing close enough to work.

@dylthorn Can’t buy them new anymore! Also don’t ah e 4wd

@pestctrlguy @STLChrisH Should be easy enough to automate through your accounting system. Tokenized credit cards for any recurring services, and card present collection at point of service, or via tokenized card immediately post service. Even basic accounting platforms like QBO should be able to.

I appreciate it! We have several automations setup which helps. We’re also right on the brink of hiring another office person which will put this responsibility back on office staff and free up my schedule. I am filling in as a temp office person for now. 50% of this is under 30 days past due and only 5% is over 90 days past due. Does your company have a KPI metric for AR that you’d mind sharing? Currently, we aim to keep AR (anything over 1 day past due) to <1% of annual revenue.

I’m going to help you. 9 am - design a high accountability process that doesn’t put you in a position where you haven’t been paid by this many people.

@drugmoolah @TheDrugMoney Nuclear medicine, compounding, long term care, anti microbial stewardship… some pay better than others. Some will lead to totally new career opportunities. Here’s 100 different options: pharmacy.uconn.edu/100-careers-in…

@kyleboggio @TheDrugMoney What are some niche and specialized roles, though?

Eleven years ago, I became a pharmacist. Interest rates were low, houses were affordable Everything cost half as much as today Pharmacists were in high demand and well-paid I'm lucky to have graduated then How can new grads navigate the current economic challenges? 🤔

@MultifamilyMad @gas_biz I’ve been asking this question the entire time I’ve been on here and this post has simplified all the dumb shit I’ve seen out of some of these “LPs” lol

@gas_biz Because these dumb people don’t have money for the down payment the bank needs 🤣

Educate me Why take on LP’s instead of just going to the bank?

@micahfrazier3 Some banks charge fees for cash deposits in excess of certain values. For me it is cheaper to allow cash back on a transaction that I’m already paying a fixed fee on (no credit cards) than to pay the cash deposit fees. I’m in Canada though so not sure if that translates to US.

why in the world would any retailer want to give cash back for free?