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  1. Boo

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    How do you feel about ecommerce websites selling only other brands? There's a heavy focus here on branding your own product, which makes sense for selling on Amazon/eBay, but for standalone ecommerce sites which are niche specific the retailer model can make sense. I see opportunity in spaces...
  2. Boo

    Cigar Afficionados in the House?

    OFF-TOPIC 
    After not smoking cigars for a long time, I passed by a store today and asked the guy to give me a few of his cheaper sticks for me to try. It's Monday, I'm waiting on people to get back to me... time to light this guy up. Alec Bradley Mira Flor Rosado.
  3. Boo

    Help dealing with food industry employees

    PEOPLE RANT 
    I'd highly recommend that you read the book Extreme Ownership by Jocko Willink, I think it's ideal for dealing with leadership issues like this, particularly with age and experience differences which are very common in the military. Often you'll have a 21-year-old commanding 40-year-old veterans...
  4. Boo

    Have Smartphones Destroyed Humanity?

    HOT! 
    I haven't read this thread so I might be repeating an earlier sentiment. But I almost exclusively use my smartphone to call people and peoples reaction is often 'why didn't you email me' or 'why didn't you text me', it's really odd. People are scared of using their phones... as a phone.
  5. Boo

    Pickup laundry business

    I like this business model a lot and it's easy to see how you could quickly add additional services like a laundromat, commercial services etc. A company near me doesn't pick up in the way that most companies do, instead, it operates as a mail service. Customers bag up their laundry and drop it...
  6. Boo

    Boring or Terrible Service Businesses that Have the Potential for Fastlaners...

    HOT! 
    Thanks for the reply @minivanman, it's great to get some insight and to learn from your experience in these types of industries. I think that the mistake I'm making is waiting for a perfect candidate. In previous industries, I've always benefited from a hire slow and fire fast policy, but as a...
  7. Boo

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    I read the book when I was still in education and it was one of the primary reasons that I decided to leave and pursue an entrepreneurial opportunity that was presented to me. I wouldn't have it any other way and I can clearly point to the life-altering differences that this book has made.
  8. Boo

    Boring or Terrible Service Businesses that Have the Potential for Fastlaners...

    HOT! 
    @minivanman I know that you have a lot of experience in local service businesses, especially residential cleaning. I wondered if you might touch on your experience hiring and the process that you used? What specifically are you looking for in candidates resumes or was it just a warm body that...
  9. Boo

    Unpopular Opinion: "Give Value for Free" is Bullshit More Often Than Not

    NOTABLE! MINDSET FTE 
    I don't think this can be overlooked. It's the same reason that my girl likes to shop online, for the experience. She looks through the clothes, makes the sale online and in her mind, the excitement bubbles up, she receives the package, opens it up and fights through the luxury black wrapping...
  10. Boo

    Paying for Child's Education

    MINDSET 
    I was lucky enough to go to a private school for high school after going to a public elementary school and then later a public college. I agree with @Kak that the people that you meet are very different, in a good way. While private school has a reputation for spoilt kids who don't know how to...
  11. Boo

    How to break the cycle of "Hard times➡️Discipline➡️Good Times➡️Laziness➡️Hard Times"?

    HOT! MINDSET 
    Money allows you to remove a huge amount of pain and misery from your life, meaning that even if you're not great, at least you won't feel terrible every day. So, if you can't get motivated and driven by the idea of what money can get you, imagine being able to remove much of the pain and misery...
  12. Boo

    [Progress] - Getting Angel Investment

    EXECUTION 
    Great to hear @amp0193. I can certainly understand wanting to raise cash to move fast. It might be worth looking into local pension and retirement funds, as well as PE. They are always keen to invest in businesses that are already generating FCF with a proven business model, plus the equity...
  13. Boo

    Boring or Terrible Service Businesses that Have the Potential for Fastlaners...

    HOT! 
    Although I don't currently do any B2B or B2G (government) work, I tend to think those business models are superior in some regards. Have a think about the kinds of services that businesses and governments need. Take a restaurant, for example, there are probably thousands in your city. Each of...
  14. Boo

    Boring or Terrible Service Businesses that Have the Potential for Fastlaners...

    HOT! 
    You're basically ruling out the majority of service businesses then, which was the premise of this thread. You're going through the same issues in your head that all of us have experienced as business owners. Running these companies isn't easy at all, which is why the service tends to be...
  15. Boo

    WeWork: Sounds/looks great, but does anyone actually work?

    HOT! 
    I tend to agree, WeWork is pretty much just companies that are and probably will always be pre-revenue, freelancers and designers. Over a thousand dollars for a 30 square foot office for two people? What a joke. WeWork is unbelievably overpriced. The only advantage that you have as a business...
  16. Boo

    Blue Collar Recession

    HOT! 
    I don't buy that it's purely people refusing to go to trade school. At the moment we have the lowest levels of employment we've had in many decades in a variety of cities, including some of the most important ones in the world. Every company is finding is hard to hire, it's just that white...
  17. Boo

    Can I live off of interest on $100 Million for life?

    HOT! MINDSET 
    This is #Landfill but if you can spend less than $6million per year, you can almost guarantee that you can live off the interest and still see some principle growth.
  18. Boo

    Compounded Suffering and its Role in Success

    MINDSET 
    Bump.
  19. Boo

    Compounded Suffering and its Role in Success

    MINDSET 
    One thing that I’ve learned over the years is that a key component in business success is the ability to suffer for longing than your competitors. It’s the reason why VC’s want founders to minimize their salaries and why prudent CEO’s of billion-dollar companies still care about pennies...
  20. Boo

    Think Big, and Then Think Bigger Than That.

    GOLD! 
    You couldn't be further from the truth. Jocko repeatedly mentions throughout this and his other book that this style of leadership is generally ineffective. Keep in mind he wasn't training recruits in bootcamp, he was training SEALS who already passed basic training and has been assigned to...

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