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Chris Munn Profile picture
@chrisxmunn
Jan 12, 2022 • 17 tweets • 8 min read • Read on X
Get rich. Be productive. Win.

14 threads to improve your life forever.
1/ Win

This thread from @SahilBloom is packed with powerful lessons on how to get ahead in life and win.

23 in all.

-Play Long Term Games
-Work Like A Lion
-Operate In Your Zone of Genius

2/ Live Free

When @Codie_Sanchez found herself burned out from work she did what hardly any of us do.

She quit.

And started living the life she always wanted.

3/ Get Rich

Probably my favorite thread of all time.

@naval breaks down how to get rich for anyone to follow.

Some include:
-Don't rent out your time for $
-Learn to sell & build
-Seek wealth, not money or status

4/ Transform Your Career

If you're stuck in your career, @amandanat helps with this thread.

13 tips in all.

Some include:
-Learn the Radford Scale
-Be Yourself
-Learn How to Complain

5/ Use Your Time Wisely

Nobody has broken down how important our time is like @joe_portsmouth.

A simple question:

Would you switch places with Warren Buffet if you had to be in your 90s?

Of course not. That's why time > money.

6/ Read for Improvement

Reading helps us understand new ideas.

@AlexAndBooks_ gives us 30 books we should read before we die.

7/ Succeed

-Persistence
-Persuasion
-Focus

@blakeaburge shows us what it takes for successful people to reach the heights they do.

8/ Succeed Again

In this thread, @sweatystartup shows us what successful people knew before they succeeded.

-Be likeable
-Add value
-And more...

9/ Define Your Terms

@AmandaMGoetz is a founder, a single mom, and has a pretty inspiring story.

She lays out things she learned between 25 & 35 in this thread.

With 1 theme: Defining Life on Your Own Terms

10/ Shift Your Mindset

School teaches us a lot of things that will allow lead you to average.

Median income in the U.S. is $32k.

To rise above the average you'll need to shift your mindset.

@The_MMW

11/ Always Move Forward

For work, @drgurner gets to speak with some wildly successful people.

Lucky for us, she's condensed her findings into a thread.

You'll have no excuse to not move forward after reading.

12/ Stay Current

Successful people are constant learners who can see around corners.

The world is changing all around us. And the internet will make some of us extinct.

@packyM tells us how to navigate the online world in this excellent article.

notboring.co/p/the-great-on…
13/ Be Fearless

@wdmorrisjr shows us how to put fear in the rearview for good.

"Ultimately we know deeply that the other side of every fear is freedom."

14/ Be Extraordinary

You are the sum of the people you surround yourself with.

It's cliche but it's the truth.

@businessbarista breaks down exactly how to optimize your circle in this thread.

If you enjoyed anything here, it would be if you could share with some more of the Twitter community.

Just retweet the first tweet:

I'm Chris.

I send my community 2-3 threads a week similar to these.

Come along for the ride.

👉 @chrisxmunn 👈

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More from @chrisxmunn

Chris Munn Profile picture
Feb 23, 2024
Here's a commercial cleaning business ($90B industry) for sale in Hawaii.

$1.875M purchase price
$541k annual cash flow
Beautiful Hawaii

Let's dig in to the listing and see what looks good, what is questionable, and whether or not this is a good opportunity 🌴☀️ Image
First, here is a one pager given by the broker. (Actually a lot more info here than you'll find in most listings)

A few things off the bat:

3.5x SDE is a reasonable valuation range.
$200k of working capital is included
$74k in vehicles
$150k in other equipment Image
This business services 4 islands (sounds like a headache) but does have 4 general managers in each location.

Business has been around for 18 years (+)

Owners are responsible for renewing contracts (-)

30+ contracted clients (+)

Seller willing to train for 6 to 12 months (+)
Read 9 tweets
Chris Munn Profile picture
Aug 24, 2023
Google just launched a Calendly killer.

And it's free.

Here's how to use it:
Scheduling is a pain. Google has integrated a solution inside of gmail.

The first step is to select the calendar icon at the bottom of your drafted email and click "Offer times you're free" Image
This will pull up your calendar & meeting duration times.

You can select multiple days from here if you'd like to give a bunch of options to the person you're emailing. Image
Read 8 tweets
Chris Munn Profile picture
Jun 24, 2023
Buying a business is a great way to move into the top 1% ($800k+).

But things have changed.

Here's how I would go about buying a business in 2023.
Let's start by stating what I think should be obvious:

Getting into the top 1% won't be easy. And it shouldn't be.

But it's doable.
Step 1: Source a Business

Business brokers like @ClintFiore find owners who are looking to sell their biz and connect them with people looking to buy (you).

Here's a recent posting by a broker for a HVAC company.

Revenue: $2.4M
Cash Flow: $623k
FL based
30 Years in business
Read 12 tweets
Chris Munn Profile picture
Jun 10, 2023
The man who turned $1M into $90M in just 3 years, Reginald Lewis.

He made his fortune buying boring, cash-flowing businesses.

This continued until he was the first black person to own a $1B company.

Here's the story of his 1st deal (a 90:1 return): Image
Lewis started off as a corporate lawyer in BigLaw.

Allegedly, he's the only person admitted to Harvard Law without applying.

He later started his own firm helping clients acquire businesses with government backed loans (MESBICs).

Sound familiar? @KHendersonCo @SMB_Attorney
But to grow his practice he needed more partners and constantly pitch his services.

"Why the fuck do we have to prove ourselves over and over? I’ve got to go to the other side of the table. This is not the way I want to spend the rest of my life."

So he began looking for deals.
Read 9 tweets
Chris Munn Profile picture
May 1, 2023
Here's a commercial cleaning business ($90B industry) for sale in Hawaii.

$1.875M purchase price
$541k annual cash flow
Beautiful Hawaii

Let's dig in to the listing and see what looks good, what is questionable, and whether or not this is a good opportunity 🌴☀️ Image
First, here is a one pager given by the broker. (Actually a lot more info here than you'll find in most listings)

A few things off the bat:

3.5x SDE is a reasonable valuation range.
$200k of working capital is included
$74k in vehicles
$150k in other equipment Image
This business services 4 islands (sounds like a headache) but does have 4 general managers in each location.

Business has been around for 18 years (+)

Owners are responsible for renewing contracts (-)

30+ contracted clients (+)

Seller willing to train for 6 to 12 months (+)
Read 12 tweets
Chris Munn Profile picture
Apr 24, 2023
So I'll admit that I was an Al skeptic.

But, Chat-GPT & Al saved my business over $100,000.

I am fully converted.

Here's a real use case for Chat-GPT in business:
One of the hardest parts of running a business is documenting everything.

When an employee leaves, they usually take a ton of knowledge with them.

My job since acquiring a business in August has been to put all that knowledge on paper.
In a small business, this is increasingly difficult because everyone has a job to do and people are busy.

They often don't have hours to sit around and train a replacement.

And often you cannot afford to pay 2 people to do the same job.

Here's where Chat-GPT has been a savior.
Read 15 tweets

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