Mike P
@MrRisun
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Co-Founder, . COO/Partner at . Co-Contributor . Investor in small businesses. Catholic ✝️
Manhattan Beach, CA
Joined May 2023
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Ever wonder what it’s like to make (and lose) millions in construction?
If 2 out of 3 of the following are you, this newsletter is for you:
1) I want to make a million a year working from an F-150 (or Silverado, if you must)
2) I’d like to read stories about how other
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A friend of mine told me she is thinking of leaving her husband. They have been married 10 years, 2 kids.
She said he’s been depressed the last several months and he’s difficult to be around.
She asked my advice.
No abuse? No.
Okay, I said, talk to him. And then give him 5
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I recently met a painter. Years ago he wrapped his truck with “We Paint Gutters.”
1) He markets a very niche product that he quotes over the phone.
2) He, the owner himself, shows up to paint the gutters the next available day.
3) While he’s on site he asks the home owner
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@Whitney_Sheph
Mine too.
She’s actually a brilliant person. VP of a very successful medical startup. I’m happy to report she’s taking my advice.
Apparently, I am the only person who told her to stay. She is not one to back down from a challenge.
I also know him and he’s a good dude. 🤞🏽
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I feel like a total jerk.
I have to admit I get a little angry every time I see someone wearing a mask 😷 in 2024. Not like “get off lawn angry,” but like “WTF dude?” Angry.
Especially outdoors. I want to say something. Like, “you know those never worked?”
Perhaps it’s
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I see an awful lot of posts from the "computerprenuer" types about buying a construction trade.
So let me be the rain 🌧️
Here are the top 5 reasons you should stick with saas 🖥️ and stay away from the trades 🔨:
1)🏠Customers are savages. Home owners will treat you like
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@bariweiss
I’m so sorry for all my Jewish brothers and sisters who have to worry in 2023 about keeping their children safe. In America.
Know you have a lot of Christian family, who will stand with you come what may.
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I'm not looking to grow on X.
I am looking for 3 entrepreneurs, with established businesses. Doing $500k or more year gross, in a growth industry.
You must have revenue. I don't work with startups or app ideas or inventions. Because I don't invest in them.
When I start a
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@jakerepko
💯
Sadly, All you have to do is switch over to IG to see just how many people disagree with us.
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@TheJeffPutnam
💯
And for y’all non-believers out there, the accounts of the martyrs are recorded historically by Roman sources with no skin in the Christian game. (No pun)
Makes you wonder what, other than seeing a fella rise from the dead, would cause one to follow. Knowing they would face
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Free gameplan to make $20k or more a month at almost anything
/Long Thread/
This isn't for real estate or other capital-heavy investments. Just product or service businesses.
If this is helpful, all I ask is please retweet.
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If you liked this, consider subscribing to my newsletter where I write about God and raising capital for your small business (trust me, they go together)
Join here:
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@contractorkeith
Check vroom too. I sold a car to them in 2022. They outbid the others. Super easy process.
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@jcolesimpson
Little known fact, but failure to pay a marker in Vegas is a criminal offense. You can go to jail for up to 4 years for each marker you fail to pay.
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@WeddingVenueGuy
I co-owned and operated a large nightclub venue years ago. We had buyouts frequently. At the time we charged a $6k non-refundable deposit for a dark day Monday-Wednesday. For a major night like Friday Saturday it was $60k.
Once when a major convention was visiting town a company
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@JamesClear
Workout every day. Even if it’s just a light one or stretch.
50% of my happiness comes from having abs at 40.
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@SMB_Attorney
This is sad.
Well there is always Government work. Never mind starting a business. I’ll just work for an agency that regulates regulatory regulations.
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Corporate America is a joke.
My friend works for a well-known tech firm. She gets offered a promotion and told by her new manager that she has the job.
But…she has to go through the interview process.
A process consisting of 2 full days of interviews with multiple team
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@LucrativeLuApe
That’s the problem. It’s the number of people all who happen to be single and suffer who give this advice so casually.
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@ColoradoSparky
As if there are unlimited numbers of you out there who can’t wait to work for them. 😂
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The problem I had before I knew God was, I never knew what to do.
I never understood what my friends meant by “I will pray on it.”
I will tell you, praying on a decision isn’t a conversation with an imaginary friend.
It’s taking the alignment of all things into account before
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@DontscalebizGuy
I had similar sized lines at both big and small. Chase required PGs. I asked them to remove it. My banker said it was a nonstarter, despite many times the line value in assets.
Banked with a small Korean bank also and they actually came on site and inspected assets, but gave us
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When you buy a company how does everyone deal with the existing recalcitrant employees?
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@CollinRugg
A rainbow 🌈 is a symbol of God’s renewed covenant with Noah.
I am proclaiming that symbol to mean what it has since the flood, the last 12000 years or so.
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@DoingMoneyWrong
Thank God is correct.
I only said what I know after 44 years in God’s game. Had she asked me when I was in my 20s….
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@mhp_guy
That’s a tough one. Corporate divorces are as difficult as actual divorces.
It’s crazy to me they didn’t see the lawsuit as your logical response and that it would most certainly mess up their deal.
But then IMO those who conspire are typically too obsessed by their plot to
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Nothing you do on X will ever compare to face-to-face, in-person interaction.
This platform is valuable to the extent that you can do that.
If you think millions of dollars will come your way without doing that, best of luck.
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Would you look at that 995 followers on X.
I’m 5 of y’all away from dropping my how to get your first 1k on X lead magnet.
You will never believe how I did it.
And I’m only sharing it with the first 4 people who DM me their full bank account and social.
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As the baby boomer generation begins to retire, there are more and more small businesses up for grabs.
30-yr old brands, with assets, 0 debt and amazing track records.
Anyone know of any site or account who is specializing in these deals?
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I know a lot or architects and I refer a lot of architects to builders I know.
Recently a group doing volume construction projects asked me for references. I gave them 2 stellar architects.
Moderately priced.
I ran into one of the builders this AM and asked how it went he
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God has a tendency to ask us to let things go from time to time.
When that thing happens to be our identity. It hurts more than we ever imagine it will.
You see this in marriages ending, in college athletics and professional retirements. The moment it all ends, depression
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I see two types.
1) God does not exist and therefore I’ll do whatever I want, because nothing matters.
2) God exists and therefore I won’t do whatever I want because everything matters.
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How I climbed out from under $680,000 in high-interest crippling debt.
A Pandemic Story.
I started the company in 2017 in a specific emerging niche in construction that is still on fire in CA:
Accessory Dwelling Units.
I was first to market by a long margin.
/🧵/
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@meetmikehiggins
When you pass $300k, maybe $350 in NY or LA, and you like your w2 job. You won the lottery.
No one should ever leave a gig like that to start a business.
I tell people this all the time. In some places it may be as low as $200k.
Entrepreneurship is not what X says it is.
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A bank gives you a loan. You bust your ass to pay it back, you return for another loan and…
Congratulations 🎉 they put you through underwriting again. And in some cases, change the terms or decline altogether.
You pay your private funding network back. This time THEY buy YOU
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$1m a year is an accomplishment. But it's rarely something you can exit.
$10m a year is something you can exit.
The gap between the two is known as the Growth Plateau.
The only way through this is the injection of debt or equity capital.
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If you can call your parents to pay your rent every month, you should not start a business.
You’ve never known hunger. Leave entrepreneurship to those who have.
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I connect with so many entrepreneurs I sometimes forget how unmotivated and generally weak the majority of human beings are.
Good for you if you’re one of the ones building a business, you truly are remarkable.
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Your vision of the future is nowhere near as impressive as God's vision for you.
When it doesn't go your way, be grateful it's going his.
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I didn’t know who I was until I had a hold my life together with rubber bands and duct tape.
Or my until business became a submarine without power, sinking, deeper and deeper.
That’s the first time I met myself. Not some final exam in college.
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@JulieChangRE
😂 You gotta space ‘em out. Can’t have them touching. Let them breathe a little.
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I loan money and forget about it all the time.
But my phone charger?
I want it back the moment you’re at half.
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If you spent your entire life and career on an idea or theory and then discovered one day that you were wrong.
Would you have the courage to admit it and start over?
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@SundogMMA
Makes sense. I don’t blame anyone with a condition. If I can tell it never bothers me.
I’m talking young healthy people outdoors.
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@PrivatEquityGuy
I see these deals all the time. My group has yet to do one.
9/10 the current owner is critical to the operation and it diminishes the value.
The books are rarely in order.
Or it’s just easier and cheaper to start from scratch.
That said, we are in talks on one now. I’ll
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@benshapiro
Not the same.
I’m sure no Muslim is worried about sending their kids to School…
…In Sherman Oaks.
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Helping someone in hopes for reciprocation is just an extension of ego.
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3000 years ago, God gave the Jews the tradition of Shabbat.
Many have hailed it as the ultimate form of stress relief and time management ever devised.
The concept of the modern workweek, was created in the 19th century, aimed to maximize the output of factory workers.
It
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I have so many interesting friends who have no social media presence at all.
They have built companies and brands and yet remain a ghost on social.
I find myself constantly telling them to bring their knowledge to X.
For every entrepreneur bringing knowledge here, there are
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Stop living in a place you hate living.
Moving is one of the bravest things you can do. And it almost always works out.
It might be the best preparation for starting a business there is.
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@guideforlovers
You’re never gonna believe this, but I got that same computer. How crazy is that?
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@shaunmmaguire
@elonmusk
@JGreenblattADL
@benshapiro
X is the only platform on Earth where nuance is allowed.
The least I can do is pay for premium.
Double my subscription fees. But please don’t bend to the pressure of Disney, Apple and the other advertisers.
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@CollinRugg
This is only the start. Wait until the criminals organize. Every time in history we have had mass immigration we have had mass organized crime. Even when it was sanctioned immigration.
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@meghaverma_art
I don’t understand why people can’t see the beauty in tradition.
A healthy partnership between a man and woman with traditional roles.
Mix in some of the new ideas emotional intelligence, active listening, and good old fashioned love.
God above all and gratitude for all he
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@jordanbpeterson
@RichardDawkins
Keep the nice buildings but get rid of the purpose for them?
Surely you can see that as Christianity declines, Islam almost automatically fills its void.
The weak men of the west will convert to Islam in droves without an alternative.
And then what happens?
To women?
To
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Raising money for your business brings people to the table who have expertise.
It isn't just their capital. It's their connections, their enthusiasm, their passion, etc.
Find the right partners.
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@JoshInEncinitas
Oh boy. That guy.
Week 2: your guys will have stole his_____________. Or backed into his _____________.
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@EstevanMariani
I was waiting for someone to say this. All the smart ones eventually head to commercial work or develop specs. The work for hire game is crazy.
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Manual labor makes me happy.
I enjoy every opportunity I get to build something, fix something, paint something.
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@SMBGrowthGuy
They paint gutters more often here in LA area than other parts of the country. They match the stucco color.
Many homes here don’t have a different trim color. But still he’s the only one I know that leads with it. And he’s cleaning up.
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@faithwillsaveu
@BJuracko
Through our example. Let them wonder why we are different.
They notice and they always ask.
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@WeddingVenueGuy
I would almost guarantee it’s not over.
So many moving parts to these things.
People get real excited about that big 7-digit day and then 7 months go by.
Start one of your own in the meantime.
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@jcolesimpson
Good stuff. Reminds me of my solar company. We did 6500 homes before selling to PE in 2017.
I used to cherry pick the subs that were great and bring in house. Not all of them would go for it. Most wanted to remain a sub.
Are you finding that?
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You have full determination over the game you play.
Often the most liberating thing you can do is deciding not to play.
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I am not likely to break a promise to someone else.
I break promises to myself often.
My cheat code is I don't make promises to myself.
I make them to God.
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@meghaverma_art
Why reduce the complexity of God’s design to fit a postmodernist’s narrow cynical worldview?
There is nothing wrong with finding the best possible partner to reproduce with. Leave the Eugenics lens in 1939.
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When raising capital, do not spend the majority of the capital on “founders salary.”
This is not entrepreneurship. It’s fantasy.
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= Mature enough for the job
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I believe I deserved every bad thing that has ever happened to me.
I just don’t think the sources necessarily deserved their roles.
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Exiting a business requires you solve the "key-man" problem.
If your business requires you, because you make every decision, it's not sellable.
Yet.
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@EricSchrum
It is sad. She’s been though a lot too.
I posted this mainly bc I was shocked at how I’m the only one who has advised her to stick it out.
It’s almost like our culture is trying to build only the most shallow casual relationships
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@ChrisCuomo
It’s passive aggression. Plain and simple.
A provocation and insult to the majority of people in the country.
All he had to do was balance it out. Meaning make 9 posts about Easter and 1 about trans day. But he didn’t.
Nor did anyone else in his party.
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@meetmikehiggins
This is called an ADU in CA. It’s been a great program depending on who you ask.
Essentially every single family lot can have 3 units.
One of the few CA laws to actually solve a problem. in my opinion.
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@TripleNetInvest
Facts. This is the number one issue I see in small M&A deals.
This is the problem the boomers who are 3-5 years from retiring need to focus on if they want to exit.
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Strength isn’t a mindset. It’s the result of time under tension.
The only mental strength back is to do hard things over and over.
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$1m a year is an accomplishment. But it's rarely something you can exit.
$10m a year is something you can exit.
The gap between the two is known as the Growth Plateau.
The only way through this is the injection of debt or equity capital.
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@meetmikehiggins
I don’t buy it. I’m sure it’s happening but not at the level of college admissions.
No doubt they want 6 figures. But that cupcake generation aren’t cut out for trades.
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You need optimism.
We lose it as we get older.
But you can get it back.
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