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Guest1413tpa
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October 23rd to October 30th, 2020.
Word of the week is kindness. More about that here.
Trash Panda Capital
I closed a three month (for now) business management deal under Trash Panda Capital, to provide revenue operations & Salesforce services to a client.
While this is a Slowlane thing, it helps cover my personal expenses and provide a good amount of capital to fund the business. I've been thinking about turning it into a productized service also and eventually getting out of the day to day with it, as that could be a major revenue generator. Another idea is to offer it as a free resource on the website, or one I can sell. Right now, its the small part of the Slowlane I am willing to accept to keep my head above water and fund other parts of the company.
I've signed a few more agreements with some more Private Equity firms to be a scout for them. Now I need to build up the network more and begin to connect buyers and sellers.
I'm a bit disappointed that I have not spent too much time in this area so far, as the scout rates are quite lucrative. Some of these private equity firms will pay out anywhere from $25k to $500k, which makes it a no brainer to get this up and going. The problem right now is that everything else in the business is taking time away from this, and it's a very long term game due to the nature of acquisitions. It will grow with time
Ok, and now the thing that has been sucking up most of my time, closing the deal on the on the aviation drawings website.
After finishing due diligence, I shot an offer over to the buyer, with a proposed downpayment in Escrow, price, and then the monthly payments. I got quite a response that I did not expect, that the seller refused to go into Escrow!
Why do you ask? Well, long story short, the Seller got scammed by someone via Escrow (seller sold services, delivered them, got paid via Escrow, buyer filed a dispute after money was released, seller is now fighting Escrow to prove he provided services), and wrote all the services off. Similar to what some shitty people do with PayPal. I got him to agree on using the service, but now I have to use a different service all together due to their stupid requirements! SIGH.
Thankfully the seller has been awesome and patient as I have asked questions, done my homework, and we have negotiated and are working towards a deal. The best part was when he dropped the price by $25k due to the sellers wife
Word of the week is kindness. More about that here.
Trash Panda Capital
I closed a three month (for now) business management deal under Trash Panda Capital, to provide revenue operations & Salesforce services to a client.
While this is a Slowlane thing, it helps cover my personal expenses and provide a good amount of capital to fund the business. I've been thinking about turning it into a productized service also and eventually getting out of the day to day with it, as that could be a major revenue generator. Another idea is to offer it as a free resource on the website, or one I can sell. Right now, its the small part of the Slowlane I am willing to accept to keep my head above water and fund other parts of the company.
I've signed a few more agreements with some more Private Equity firms to be a scout for them. Now I need to build up the network more and begin to connect buyers and sellers.
I'm a bit disappointed that I have not spent too much time in this area so far, as the scout rates are quite lucrative. Some of these private equity firms will pay out anywhere from $25k to $500k, which makes it a no brainer to get this up and going. The problem right now is that everything else in the business is taking time away from this, and it's a very long term game due to the nature of acquisitions. It will grow with time
Ok, and now the thing that has been sucking up most of my time, closing the deal on the on the aviation drawings website.
After finishing due diligence, I shot an offer over to the buyer, with a proposed downpayment in Escrow, price, and then the monthly payments. I got quite a response that I did not expect, that the seller refused to go into Escrow!
Why do you ask? Well, long story short, the Seller got scammed by someone via Escrow (seller sold services, delivered them, got paid via Escrow, buyer filed a dispute after money was released, seller is now fighting Escrow to prove he provided services), and wrote all the services off. Similar to what some shitty people do with PayPal. I got him to agree on using the service, but now I have to use a different service all together due to their stupid requirements! SIGH.
Thankfully the seller has been awesome and patient as I have asked questions, done my homework, and we have negotiated and are working towards a deal. The best part was when he dropped the price by $25k due to the sellers wife
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