➡️ One casual observation from my trip in Costa Rica: there are entrepreneurs everywhere

➡️ At restaurants, waiters have side hustles doing sales to sign people up for local excursions

➡️ At the beach, it's an entrepreneur trying to sell you juice or a beer. 1/x
➡️ This is not a political post but is simply my own opinion: America should take note of the hustle in countries like Costa Rica

➡️ If you lose your job, instead of seeking unemployment or sitting and playing Xbox, start shoveling snow or mowing lawns. 2/x
➡️ There is a ton of opportunity out there, and there are many potential markets, services, and clients that need various things

➡️ Start hustling a bit more and complaining a bit less

➡️ If you aren't happy with your job, start a side hustle and turn it into your main hustle
➡️ There is so much opportunity out there for the taking. It's up to you to capitalize on it.

➡️ The time to take initiative and be entrepreneurial is now.

#sba #smb #acquisitions #entrepreneurs #Entrepreneurship

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Matthias Smith, CEO - Pioneer Capital Advisory LLC

Matthias Smith, CEO - Pioneer Capital Advisory LLC Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @SBA_Matthias

Jan 24
I post a lot jokingly taking pot shots at corporate America and promoting entrepreneurship, but the truth is, it's not for everyone.

Here are some facts about being an entrepreneur for those considering taking the leap. 1/x
➡️ Everything ultimately falls on your shoulders as the business owner. If you fail, it's your fault. If you succeed, same.

➡️ Taking vacations is difficult. As a W-2 employee, oftentimes you can have someone back you up. Not so as a business owner. 2/x
➡️ Income volatility: W2 jobs offer you a stable paycheck. You make the salary and get paid in increments. As a business owner typically revenue isn't identically as stable.

➡️ More complexity: Taxes, insurance, financial planning - all becomes more involved. 3/x
Read 6 tweets
Jan 24
So what's the point of all these posts with @FullStandbyHat?

➡️ Has @PIONEERCAPADV become a fashion designer or have I lost my marbles?

➡️ To answer the first question: Maybe

➡️ To answer the second question: No 1/x
➡️ At the end of the day when it comes to securing financing for a business acquisition, as a prospective buyer you have options

➡️ This is what I educate searchers on: This is what's SBA eligible and what you can do when it makes sense for your deal. 2/X
➡️ When your lender thinking about having to dilute ownership and give up control at 2 am, I want you to be thinking about @FullStandbyHat

➡️ The volume of these posts is very intentional and will continue until I get hit by a car or similar. 3/x
Read 4 tweets
Jan 22
One of the most fulfilling things about being an entrepreneur is having direct control over your own destiny.

Your successes are yours & your failures are yours.

Put simply - the buck stops with you.

There isn't a maze of politics or artificial ceilings to navigate through 1/x
There are lots of layoffs that are taking place at companies across America.

Even if layoffs aren't taking place at your firm, one thing to think carefully on is what opportunities you have to grow and develop if you stay at your business. 2/x
Did you get dicked over the last time you had an annual review, and was your pay raise 3% or lower when you busted ass for the year?

Do you see your coworker that gets to the office 30 minutes later but has drinks with your boss getting promoted over you? 3/x
Read 4 tweets
Jan 22
➡️ I post a lot jokingly poking fun at the W2 world, but seeing all of these recent layoffs especially at big name companies makes me thing it's somewhat justified

➡️ The business owners that I know that own small to medium sized businesses are all hiring. 1/x
➡️ @Google @Meta @GoldmanSachs ➡️ layoffs happening

➡️ Today your job is safe, but who knows about tomorrow?

➡️ Are you a solid producer that happens to be expensive but isn't politically tied in? Maybe it's the 🪓 for you. 2/x
➡️ Lets face it - SMB ownership is not risk free. You have a personal guaranty riding on the line if you're using SBA financing

➡️ You might have to learn a new industry that you don't have experience in

➡️ You might be a first time boss without prior management experience
Read 5 tweets
Jan 18
One of the most popular phrases that you will see on SMB Twitter is the "Silver Tsunami," alluding to the massive wave of retiring baby boomers selling their businesses over the coming years.
In this thread, I am going to cover how to capitalize on the Silver Tsunami 🌊 as a prospective entrepreneur or searcher that is looking to buy a business within the coming years.
1 - Attend the ETA Conferences

➡️ There are 3 large annual ETA conferences - Harvard, Chicago Booth / Kellogg, and the Southeastern ETA conference (UVA, Duke & UNC)

➡️ Each of these conferences is filled with searchers, service providers, investors, and lenders
Read 15 tweets
Jan 18
I had a call with a prospective searcher yesterday that told me verbatim his goal was to close on an acquisition by 12/31/2023.

My response: You do not want to be in a bank's closing queue during the month of December. It is absolute chaos. 1/x
Here is a list of places that I would rather be than a bank's closing queue in the month of December:

➡️ Stuck in rush hour traffic

➡️ Middle seat on an airplane

➡️ Stuck in a crowded elevator

➡️ Stuck next to someone that smells bad. 2/x
➡️ In pre-underwriting with a lender that doesn't do Full Standby loans

➡️ At @Walgreens to pick up aloe to heal a sunburn

➡️ In Wisconsin on a -10 F day without a coat

➡️ Stuck somewhere with a bicycle needing to go 20 miles in an hour.

➡️ You get the general idea! 3/x
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(