NFTs are a type of collectible w/ added perks. If you're going to buy any type of collectible, you need to determine which collector category you fall into
(1/20)
Are you a going to be a gambler or an investor?
<Speculating is somewhere between the two but we will talk about that another day>
Keep in mind, if you buy something you love, you can never lose. If you buy something hoping to profit, you expose yourself to loss...
(2/20)
Mar 3, 2020 • 7 tweets • 2 min read
Principles (Strategy) > Tactics (Rules)
This inequality is timeless.
Applies to business.
Applies to relationships.
Applies to war
Applies to etc.
So before we dive in to the specifics of this particular method, I think we should start with a little bit 🤏of history.
SO I'll cover:
1. Traditional Business Plans 2. The Lean Startup Business Plan
Before moving on to my own personal version of a "business plan"
Ready?
Jan 8, 2020 • 28 tweets • 14 min read
7 Things EVERY Business Owner Should Plan for in 2020
1. Increased Revenue 2. Reduced Cost of Sales 3. Reduced Operating Expenses 4. Reduced Taxes 5. Living Within Their Means 6. Investing for GROWTH 7. Creating an EXIT PLAN
{A THREAD w/ an announcement at the END}
TAKE NOTE!
1. INCREASED REVENUE
CASH is the lifeblood of any good business & REVENUE is the BEST SOURCE of it.
Not Creditors
Not Lenders
Not Investors
Cash from REVENUE is THE LIFEBLOOD
Have you seen businesses with a lot of investors, a lot of debt but little revenue... is that success?
Dec 27, 2019 • 9 tweets • 2 min read
MAKE SURE YOU DO THIS f you're planning to START/SCALE a business in 2020.
I'm going to take a moment to explain things that EVERYONE needs to do when starting a business.
{A THREAD}
1. Create a system to attract the clients/customers you want.
Point is to be able to assess demand for your products/services so you can organize a decent fulfillment system
This can be done via email marketing...see @whutTheHales #30DaysofThreads threads for an exact HOW TO...
Dec 3, 2019 • 5 tweets • 1 min read
HOW TO PLAN FOR BUSINESS EXPENSES
The way I plan for expenses is a little different than what I saw in the accounting industry.
Here’s a breakdown of my method
[Thread]
I find the best way to plan for your business’ expenses is to plan for your workflows first.
Start by listing out:
1. What are all the tasks that you’re going to complete. 2. What tools do you need to complete those tasks. 3. What is the cost of your time and those tools?
Nov 12, 2019 • 14 tweets • 4 min read
ONE WAY to leverage OPM (Other people’s Money) to generate Profits for Yourself, Your Family, Or an Entire Community.
I would wake up at 7am, shower, brush my teeth, get dressed, eat a bagel, and take a walk to the NYC subway.
The highlight of my morning was locking eyes with the same girl on the train that I would always see and never talk to...
Nov 11, 2019 • 8 tweets • 2 min read
The ultimate Mindset HACK to becoming wealthy. Understand where OPM comes from what it takes to turn it into YOUR PROFIT.
{THREAD}
#30daysofthreads
Understand that no matter how you plan to turn a profit, you’re always going to be dealing with OPM (Other People’s Money)
After reading this thread. I CHALLENGE YOU TO prove to me there’s a different way.
Cool so how do we identify OPM when we see it?
Nov 8, 2019 • 11 tweets • 3 min read
FINANCIAL ENDGAMES for BUSINESS
[a thread]
In the game of chess, the endgame is to get the opponent into a checkmate position. When speaking about business I hear a lot of people say chess, not checkers, but do you know what the endgames are in business?
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