#BTCUSD B

#BTCUSD 🍌 Buying fruit at the easiest market in Costa Rica, with payment in BTC Thanks Documenting Bitcoin

#BTCUSD [1998] Hal Finney: A zero-knowledge proof of possession of a pre-image of a SHA-1 hash

#BTCUSD I've finally decided to buy 1 BTC. - I have accepted the harsh truth that Bitcoin is not going anywhere. The market will never allow Bitcoin to ever fall to it's inexpensive prices ever again. If BTC fell to 5 cents a coin, there would be a buying frenzy. BTC ... See More going back to $7k would already be a steal for the entire market. Users are losing their coins and hodlers are increasingly refusing to ever sell further decreasing circulation...while the human population keeps growing...

Approximately $50B worth of Bitcoin are now held by ETFs, countries, public and private companies.

#DOGEUSD It's the meme coin! 💚🐈💸🚀

Who here has gotten “rich” off a business while working a 9-5 at the same time? - What was ur schedule??

How long did it take??

What was your day to day routine??

How much free time did you have to invest in your business??

If you could go back what ... See More would you have done differently??


Thanks!

Friend Offered to sell me their motel, need advice - Older friend wants to sell me his 28-room motel near a summer resort area for 1.3 mil. He's operated it for 20+ years. 4 bedroom house comes with it.

Per Room Cost

|His Offer|Motels Nearby|Hotels Nearby|
|:-|:-|:-|
|46,428| 41-50,000|55-60,000|

His current yearly dedicated income is ... See More his weekly rentals. The other 14 he daily/weekend rents.

His costs he ran down were:
\- Property tax
\- Gas, electric, water, sewer, trash, cable
\- Flood, building, and liability insurance
\- Linens

|Time|Income|Expenses|
|:-|:-|:-|
|Weekly (14 rooms)|4,410|1,811|
|Yearly (14 rooms)|229,320|94,200|

​

Weekly each room earns $315/week or $16,380/year. If I focus on the weekly model only accounting for increased expenses on items that would increase due to more demand:

​

|Occupancy Rate|Yearly Income|Expenses|
|:-|:-|:-|
|50% (14/28)|229,320|94,200|
|60% (16/28)|262,080|123,960|
|70% (19/28)|311,200|128,920|
|80% (22/28)|360,360|133,880|
|90% (25/28)|409,500|138,840|
|100% (28/28)|458,640|143,800|

​

Example SBA 504 loan calc:

|Sale Price|10% Down|Loan|Rate @ 25yrs|
|:-|:-|:-|:-|
|1,300,000|130,000|1,170,000|6.808%|

​

|Monthly payment|Yearly payment|
|:-|:-|
|8,127|97,519|


Cashflow Model with SBA factored in:

|Occupancy Rate |Yearly Income|Expenses + SBA 504|Cash flow on motel only|\+48k/yr for house rental|
|:-|:-|:-|:-|:-|
|50% (14/28)|229,320|191,719|37,601|85,601|
|60% (16/28)|262,080|221,479|40,641|88,641|
|70% (19/28)|311,200|226,439|84,761|132,761|
|80% (22/28)|360,360|231,399|128,961|176,961|
|90% (25/28)|409,500|236,359|173,141|221,141|
|100% (28/28)|458,640|241,319|217,321|265,321|

I have \~200k liquid and \~600k home. No mortgages or outstanding loans. 700 credit, but bankruptcy 2014. My income is around 60k/yr before taxes. I am handy (I've renovated homes before) and I don't mind that this is like buying a job. The cash flow would allow me to purchase other properties. I think this is a good step for me, but I ask you guys.

2 simple question: your thoughts and what am I missing?

Edit: This is why I love you guys! I saw all the upside but didn’t account for every risk. I’m reading every comment at least a couple of times and weighing the options.

SBA originator said that even if the business has been active for over 20 years, me coming in with little to no experience, they treat it as a startup.

They did say though I would be qualified initially.

Yes, the price is too high for me to risk my money on this thing. I’m waiting for the books and tax returns as well. Right now, it’s a 60% no, 40% yes. If the price drops and I get details, it might sway me.

Again, everyone, thanks for your feedback!

My business turns five next month. It's doing 23K MRR. This is how our MRR looked like over the years: - \- 6 months: $900
\- 12 months: 2.7K
\- 18 months: 5.5K
\- 24 months: 7.2K
\- 30 months: 9K
\- 36 months: 11K
\- 42 months: 11K
\- ... See More 48 months: 14K
\- 54 months: 18K
\- 60 months: 23K
Stay in the game! Don't quit
This is my business: http://simpleanalytics.com

My coworker sells money to people! - Quick story about having the audacity. My coworker is a career doorman that works on Billionaires Row. Fairly weird guy, he speaks and sings to himself constantly but hey, you need something to pass the time. He recently took up origami specifically for ... See More dollar bills. He would make rings, shirts, ties, just about anything he could find instructions on. People would walk by or in and out of the building and he’d show them. He was soon exchanging a dollar for an origami’d dollar regularly. No profit, right? Eventually he came across the right people because one person liked the shirt so much, they asked him to make 20 of them and he would receive $20 for them. Then when the person came back to pick up the order, he showed her new designs. Some pants and a shirt with a tie. She fell in love. It just so happens she’s a high end fashion designer and thought they would make great gifts for her staff and investors. Now he is on commission to make dozens of them with $20 bills and she will double pay for any order he completes. He’s on the verge of signing a outside contractors agreement to do this for the foreseeable future. Lesson: Just because it seems stupid doesn’t mean someone isn’t willing to pay for it.

Left a white-collar job 4 years ago to focus on a small "side-gig" commercial cleaning business I had that was grossing $9k/month. This month we will invoice $277k and are growing at a rate of $10k per month. AMA - In 2016 I came across an opportunity on bizbuysell.com to ... See More purchase a commercial cleaning "business” that consisted of three commercial cleaning contracts, which grossed about $7k per month. Over the next three years I slightly grew that business to a whopping $9k per month in 2019. At that point I decided to leave my corporate job and focus on this business full-time.

From 2019 to the point I posted my last post in 2022, I grew the business to $138k per month and was growing at a rate of $6-8k per month in recurring business.

As of last month, August 2023, we invoiced $277k, have 101 facilities under contract and about 150 part-time and full-time employees/contractors working with us.

We are now growing at a rate of around $10k per month and I am looking for an additional sales person as we speak to step on the gas a little more. I am also starting to look around for a potential new branch location out of state.

Our clients and contracts are getting bigger which has been fun to see. For example, we now have 5 clients that have contracts which range from $10k-26k/mo. And we are currently in talks with another prospective business that will have a contract that exceeds $26k/mo.

Things will obviously continue to change as we grow further, but we have figured out an operational structure that has allowed for our fast paced success that I think will scale with the business for a while.

**AMA**

*Since my last post many people have reached out and a good % of those people ask how they can get started, how to find employees, what supplies they need, where to buy supplies, etc. etc.*

*I can't emphasize enough that you need stop analyzing everything and just get started. Like my own story shows, it took me a few years to even figure out what the heck I was doing before I started getting real traction.*

​

**\*\*\*I am trying to answer everyone's questions. However, if you ask a question that has already been asked and answered I will no longer respond to those.\*\*\***
**BELOW ARE COMMON QUESTIONS THAT HAVE BEEN ASKED MULTIPLE TIMES IN THREAD**

**Question** \-

What is my take home and/or net profit per month?

**Answer** \-

My company is an S Corp and so I pay myself a $60k per year salary. I live a frugal lifestyle and that is all I currently take out of the company.

Last months net profit % was 9.8%. Until recently my net monthly profit % was fluctuating around 2-4%. Why so low? Because I am in growth mode. I have hired proactively so that we have the infrastructure to handle future growth. If I were to pump the brakes on growth and focus on leaning this out I could probably get my net profit up to 15% (not including my $60k salary).

​

**Question # 2 -**What do you pay your cleaners?

**Answer -**We start cleaners at $17/hr. These are hourly positions. Some cleaners work just a few hours per week. Some work 20+ hours per week.

​

**Question # 3 -**

How do you get leads?

**Answer -**

We do not use any social media or digital marketing. We only cold call, cold email, and drive around and walk into businesses. My sales person handles the entire sales process from cold leads to signing the contracts. Nothing in this process is outsourced and no automated email blasts or anything that would make our efforts seem unauthentic.

​

**Question # 4 -**

How much did you pay for the initial "business" of 3 contracts?

**Answer -**

$50k. This was all my savings.

#ETHUSD SBF -FTX donated funds to House Speaker

#ETHUSD Another L for the SEC!

#ETHUSD Me, waiting for the Bull Run

#ETHUSD Time is tough😂😅