swiftlocal

joined 11 months ago
[–] swiftlocal@alien.top 1 points 11 months ago

What do you have an unfair advantage at?

i.e. some background, probably something you take for granted? A head start vs others?

Setup a service business first. $5k is not that much and it'll go fast, but you can start a service biz for like $2k that banks $$$, then spend another $1k-2k on marketing and advertising, and you'll be off to the races.

"boring" businesses - gutters, handyman, even Christmas lights can make $$$ if done right.

[–] swiftlocal@alien.top 1 points 11 months ago (1 children)

I am today literally working on a case study for Party Rentals.

What do you want to know?

We have some clients using us - SwiftCloud - for eDocs i.e. agreement, waiver eSign etc - also client management.

Good biz, not exactly passive but somewhere in the middle - pickup and dropoff, stuff has to be cleaned (kids..); weddings, kids jumpy houses birthday parties, corporate parties etc.

Good margins, but there is some asset depreciation, the houses don't last forever.

Upside - not that much to start, like $5k can get you going even though probably more like $20, then like any biz it takes some work to get the momentum, but then the referrals and repeat biz starts flowing.

PM if interested, I'll put a case study up on YouTube soon

[–] swiftlocal@alien.top 1 points 11 months ago

All source-of-money is 2 categories: Equity or Debt.

Debt: SBA loan would be most typical; one of our (marketing) clients: FremontFunding.com does SBA loans.

Equity: Give up some upside, but no payments directly, no debt-load; spreads risk but limits upside.

Syndication is common.

There's a ton of people lately talking about buying these businesses for zero money out of pocket, but that too carries a cost in one way or another - either increased debt load, or sharing equity.

For any of you crazy finance guys who wanna talk debentures, convertible debt etc I know there are hybrids, but loosely, it's all one or the other: equity or debt.

Debt is easy IF there's a history of cash flow AND some collateral (i.e. real estate, assets). No assets? no history? no cash flow? no loan, unless you have great credit, then it's smaller i.e. $150k "credit card stacking" etc. (thought that can work, and often have 0% teasers).