Curious how I squeezed $3M out of Procter and Gamble?
In '22 I did a Strategy project for a Specialty Ingredients Manufacturer, the objective was to increase Profit margin (obviously)
I found a group of products the Manufacturer was loosing money on
I wanted to know:
1. Which
@nateobrienn
1) High barriers to entry
2) Network effect
3) First movers advantage
@LSEplc
provides a similar product (formerly
@Refinitiv
) but only commands a fraction of the market share
Once an org builds a working system, the cost saving is switching is greater than the cost saving
‘Becoming an author to make money is like saying; I’m hungry so I went to church - just because they have food there doesn’t mean that’s why you go’ -
@ShaanVP
Quick reintroduction to my new 100+ followers:
I’m Jonah👋 and I love to win
A management consultant and entrepreneur by trade, I’ve stirred up millions in value for a breadth of Tech Startups, Industrial Manufacturers, and Banks
I joined twitter a few months ago with plans
@theShaneLevine
Was on the phone with Shane when this happened and immediately made a Twitter
It was a wake up call to:
1. Build/work on what you enjoy
2. Put your work in the world
3. Distribution matters
@trentjhughes
Depends the business
Richard Branson bootstrapped Virgin Airlines by getting revenue before a jet
The argument could be made that all you need is wifi and momentum
@AlexHormozi
Levels of challenge are directly correlated to proficiency:
20hrs: hardest, least fruitful
100hr: most fun, most relative progress, still know nothing
1,000hrs: fun wears off, but you have tangible knowledge
10,000hrs: legitimate expertise
Thanks to Malcom Gladwell for 10k
I'm not legally allowed to talk a project I'm working on; so I'll talk about candy and you'll use your imagination
A candy shop sells 50+ different candies, chocolates, caramels, suckers...etc
𝗜 𝘄𝗮𝗻𝘁𝗲𝗱 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗶𝗰𝗵 𝗰𝗮𝗻𝗱𝘆:
1. Drives the most revenue
2.
@AlexHormozi
Sacrificing present time and energy for future freedom is a trade as old as time;
how do you maximize your return of future freedom for your investment in time?
A structure to organize and track any experiment
1. Brainstorm and document:
- list our ALL of the ideas from simple to crazy
2. Start implementing:
- start with the easiest, most-likely to succeed
3. Double down on winners, cut your losers
- if it’s yielding signs
High debt and a capital intensive model make
@topgolf
vulnerable to economic headwinds (rising costs, inflation, changing consumer behavior)
Without a significant turnaround, $MODG could continue a downward trend
Need to make a tough decision?
1. Do your pro con on paper (not phone)
2. Make a fast gut decision, write it on a sticky note - put it in your pocket
3. Leave the pro con at home, leave your phone at home
4. Go on a 30 min walk with the sticky note decision
5. By the end of
Today, we kicked off The Collective!
What you missed:
- Introductions
- Our plan for growing together
- Individual goals for the week
Next week, we have a special guest who is making a killing 🤑 on Twitter.
If you want to join the group, dm me!
I'd be keen to understand the economic impact of Google Maps' speed trap alert
Traffic tickets are an 𝙞𝙣𝙚𝙛𝙛𝙞𝙘𝙞𝙚𝙣𝙩 𝙢𝙚𝙖𝙣𝙨 𝙛𝙤𝙧 𝙢𝙖𝙣𝙖𝙜𝙞𝙣𝙜 𝙧𝙤𝙖𝙙 𝙨𝙖𝙛𝙚𝙩𝙮
E͟x͟t͟e͟r͟n͟a͟l͟i͟t͟i͟e͟s͟ ͟o͟f͟ ͟g͟e͟t͟t͟i͟n͟g͟ ͟a͟ ͟t͟r͟a͟f͟f͟i͟c͟ ͟t͟i͟c͟k͟e͟t͟:͟
-
@girdley
Restting on a Sunday is key
However you reset; whether thats a long bike ride, breaking out the planner, thinking deliberately, meal prepping...etc
Sundays are precious and not to be wasted
Mattress maker Purple Innovation is closing two manufacturing sites in Salt Lake City and Grantsville, Utah, and consolidating operations into its McDonough, Georgia, facility, it’s also eliminating corporate positions in Utah
#MacroEdge
SBA disaster fund has only $100M left and Hurricane Milton is coming for it and loan applications have increased since Helene
SBA is facing simultaneous crises
a) Decreasing size of the pie
b) Increasing mouths to feed
Some SMB owners may get exposed to a funding gap /
My friends who convinced me to join twitter 6 months ago told me to 'find your people'
They're design and tech focused
Now I'm surrounded by likeminded people - look at the smiles on
@collin_ruth89
@jasonmpearl
and
@kevinasrx
Thanks for putting this together,
@bradsmithcoach
I'm building the Google Trends of memes PLUS a built-in meme editor.
That hilarious phrase "I have concepts of a plan" was said by Trump in the latest presidential debate, and it immediately went viral.
But here's the thing: to go viral with memes, you have to be QUICK. You
A lot of hypocrisy on twitter these days
The same people claiming to be on twitter for freedom
Are also guru's telling you that if you miss a day of relentless engagement, you become stale product
--
Think for yourself, find what works for you
in college, i built a discord community that paid my rent.
i'm back at it.
five weeks in, and i've found a group of strangers that are starting to buy in
here's my three-part framework: ⤵️
How is there a mattress store on every corner of Suburban USA?
I bought my last mattress in-person because I wanted to try it out before buying.
A year later I switched to a box mattress from the internet.
DTC box mattress companies shook up the industry - here's Casper's
$24.6 billion deal on the table
Kroger and Albertsons, second and fourth biggest grocers in the US are attempting a merger
Should the FTC stop them?
🧵👇
@PrivatEquityGuy
I’d be curious to see how he modeled this out;
Namely, what’s driving the delta between the profit margin growth and top line growth YoY
It’s one thing to have top line growth, and maintain the same profit margin (profit would grow, but the margin would remain the same)
But
Going back to back on luxury conglomerates; here's a SWOT $LVMH (Moët Hennessy Louis Vuitton)
Strengths:
- Global brand prestige and loyalty
- Diversified luxury portfolio
- Strong financial performance
- Continuous innovation and design
- Exclusive distribution control
-
Quick reintroduction to my new 100+ followers:
I’m Jonah👋 and I love to win
A management consultant and entrepreneur by trade, I’ve stirred up millions in value for a breadth of Tech Startups, Industrial Manufacturers, and Banks
I joined twitter a few months ago with plans
Cut losses quickly, being wrong is part of the game
Being wrong, and stubborn is a lethal duo
Remove emotion from the process
Feedback -> Implement -> Iterate
Profit and community are key push and pull factors in open source software
Monetizing open source can incentivize quality, but erode trust
Pro's of open source:
1. Cost effective
2. Collaboration & Innovation
3. Flexibility, freedom & interoperability
Cons of open source:
1.
5 years ago you had to see an Audiologist to get hearing aids
In ‘22 the FDA approved over-the-counter hearing aids; opening doors to the free market
This outraged Audiologists because they could no longer control the supply (and therefore the price)
Since then the industry
Apple is about to UNIQUELY change my life more than it already has.
Today was the fall
@Apple
event, and one announcement made me almost tear up.
They've created a clinically validated hearing test, and the new Airpod Pros 2 will soon have a HEARING AID BUILT IN.
Very few of
Don't be a nobody booking on someones Calendly
People are busy, make their lives easier
Give context, reintroduce yourself
Write a draft agenda
Example 👇
@themarketradar
@StockMKTNewz
Goldman couldn’t handle Consumer Banking (theres no Goldman credit card, no Goldman retail bank branch)
We are uniquely positioned to excel where GS couldn’t
@jrdnmix
@gregisenberg
Customer stickiness is a a scored metric we use to determine our pricing leverage
It's a confidence gauge for increasing a price for a given customer or product
Higher the cost of switching --> greater customer stickiness --> higher pricing leverage on a customer
@AlexHormozi
Low hanging fruit:
1) Recall a small goal you had as a child
2) Reflect on how you accomplished that goal
3) Now think A) the benefits you reap from accomplishing that goal, and B) how routine maintaining the goal has become
@PrivatEquityGuy
My MD always said he learned more in his first 6 months as a Management Consultant than he did at a Wharton MBA
Learning by fire > learning by classroom