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Jacob Williamson Profile picture
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Dec 2 • 4 tweets • 1 min read
One of my favorite small business ideas:

1. Pick a hobby that you spend too much $$ on (mine would be aviation or cars)
2. Create a newsletter for that hobby

This could also be a Youtube channel with voiceover and animation.
3. Market to other enthusiasts via reddit/twitter/FB/Insta

Focus on building an audience and monetize later.
The Ferrari Market Letter has 5k subscribers and does $2m+ in revenue with a team of 2.

ferrarimarketletter.com

#smallbusiness #entrepreneur

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More from @jacubwilliamson

Jacob Williamson Profile picture
Dec 4
I bought my family catering company in the middle of the COVID pandemic.

I broke down in tears on more than one occasion in 2020-2021.

I honestly don't remember entire months at a time.

Here is a dose of reality for first-time buyers.

A 🧵
🚨Buying a company is hard....

💣Buying a family company is harder...

You have to manage emotions on both sides of the table and come out the other side getting along. Your happiness depends on it.
I did everything against the norm in buying my first biz:

💥Stock sale to help with seller taxes
💥Timed the sale to help the seller
💥Didn't include 100% of the COVID slump
💥Etc...
Read 27 tweets
Jacob Williamson Profile picture
Nov 9
I accumulated 500 flight hours then took 10 years off of flying... ✈️

I recently got back into the air to renew several of my licenses.

Here are 5 lessons I have learned from getting current as a pilot.
#alwayslearning #entrepreneur

🧵
Number 1 with a bullet

If you have a passion, you MUST find time for it.

Be militant about carving out time in your schedule for the things that feed your soul.

I work aviation into my professional life, but if it was 100% pure hobby, I would still make an effort.
The childlike joy that I feel when participating in challenging/rewarding hobbies would be priceless if you could bottle and sell it.

As a workaholic myself, I have been happier and more productive since taking up flying again.

ncbi.nlm.nih.gov/pmc/articles/P…
Read 12 tweets
Jacob Williamson Profile picture
Oct 31
The process of valuing small-medium business may be broken

Here's how I bridged the gap between a seller and myself recently.

THREAD 🧵 ... Maybe too long... 😂
CONTEXT... 📚

I happened upon an events based business that provides custom fabrication work for large scale corporate activations and festivals.

Since my first business is in the hospitality space, I dug in....
PROS:
✅Rev = $3 mil + for the last 5 years
✅22% EBITDA margins
✅GM in place
✅30 years in business
✅Owner retiring and wants to travel
Read 23 tweets

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