I know its too early for this tweet

DeFi will be part of small business. 10 yrs or less.

- Trade notes
- shipment ownership
- escrow
- overseas wiring
- chargebacks
- money float
- cash cycle enhancement

All require fees and complex banking

Can now be done by anyone, better.
Currently can take

- unused cash and self manage for higher and safer returns

- can securitize future cash flow with lower risk

- Can manipulate cash cycle for enhanced returns to ROE
This can all be done using the same methods the banks use now

but you can self manage,
automatically,
and profit not only from the interest strategies, but from the network itself.

Took a 5 month deep dive to fully grasp what is coming and my mind is blown 🤯
As someone that

-ran multiple supply chain companies for over a decade
- dealt with US, Canada, Mex, China, TW, UK, Germany, Vietnam, ...
- Had inventory on water, used trade notes
- used LOC for expansion when we got new customers

I would be using DeFi right now for it all.
Easier
Less Risk
More Transparency
Higher Returns
Quicker Accessibility
Less transaction cost

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More from @joshuamschultz

11 Jun
What is wrong with supply chain..
... and why "optimization" isn't really taking place.

Let's start with a similar time this happened... the 2008 housing crash crash...
In 2008, one of the contributing factors to the crash was

- improper valuations of properties and pools of properties
- this was based on a model assumption shared by everyone..

8% growth rates in house... indefinitely.
In Inventory Modeling

There are also bogus, impossible, meaningless assumptions that EVERYONE uses.

The one for tonight?

Service Rate.
Read 6 tweets
10 Jun
5 Things That Will Completely Change How Small Businesses Are Run..

and put at a disadvantage those who don't adopt...

I've been toying with these for the last 3-5 years, and they all have an impact on

- Sales
- Operations
- Finance

Dont ignore these ...
1. Generational Cultures

Younger generations have completely different value systems.

not better / worse - but definitely different.

This means they say yes/no to jobs for different reasons, make different decisions, and want different things.
Where older wanted

- stability
- predictability
- retirement

Now
- flexibility
- environmental
- Cultural
- relative morality

all matter!
Read 22 tweets
9 Jun
Setting up operations involve tradeoffs.

Even when you don't realize it, your are giving something up with each decision.

Working with one SMB Owner who literally cant find time in the day to complete work.

It was his setup...

Small changes freed up 2 hours daily!

Example:
He made the decision that ease of information search was most important.

He made it implicitly, not purposefully.

His tradeoff?

Time and Tasks.

He traded Ease for Time, Tasks, Speed.
Every Supplier file was
- Saved in the cloud sync
- Saved in the acct software
- Saved on his personal system

Every file was renamed with the
- PO
- Invoice
- supplier name

Every file was put in one of many folders & subfolders
- some organized by name
- some by type
- or both
Read 9 tweets
2 Jun
🚀 50+ Principles, Concepts & Mindsets related to operating a business. I've made a lot of mistakes,
Gotten a lot of advice,
Sat in a lot of roles...

Here is how it has shaped my view towards business thus far 👇
Twitter disclaimer:

Business is a spectrum of gray, not black and white

- These are in no order
- These are all wrong at some point

Some of these
- were developed by me
- were learned through mistakes
- were taught to me by better operators.

Ok, here we go!
Its better to learn to allocate capital within the business, to projects, and to strategies & experiments

Acquisition is largely related to cost of capital, which lowers with size and relationships

Lowering your capital need & ROI hurdle rate through allocation should be focus
Read 69 tweets
28 May
Really excited for what is coming together for the cohort class for new SMB owner / operators with @StrongpointRich!!

Below are some of the things we will be covering...
- Creating a business that runs whether you are working or not

- building great decision making into your systems

- gaining loyalty from your team on day 1

- building a system that will both support and promote 5x growth

- reading financial statements as an owner/operator
- identifying which operations you can outsource and which you should never outsource

- improving your cash cycle so you can grow faster without debt

- how to increase capacity (sales you can handle) without spending a dollar
Read 10 tweets
25 May
What everyone forgets about process…

Process has an input, and activity (transformer), and output.

Ask anyone abs they will tell you this.

But Processes have two other components just as important.

Resources & Controls
Activities require Resources.

We monitor and measure inputs and outputs
We time activities

But we often neglect the use of resources.

People
Power
Supplies

These are required to do processes
Do you monitor how "worked" your people are?

Do you understand how non-inventory supplies flow through your company?

Is there a firm grasp on energy usage in your facilities, and which activities require more or less?
Read 4 tweets

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