Highly endorse this. This is better than your first semester an Intro to Finance class in Uni
Simply - sales growth is more important than just the gross numbers, understanding pricing power, operating expenses - are key areas for evaluating an income statement
Is there any hope for a fast-casual restaurant operator? I started a concept a few years ago with a buddy in Buffalo, NY (after moving home from NYC) and it's sort of like a Digg Inn. I'll spare you a long post but there's no question that the restaurant biz is the stupidest biz you can be in. Insane volatility, and so many independent moving parts with immediate high stakes. We also sell meal preps online.. that biz seems more hopeful for the future. But if any of you are thinking of opening a small restaurant... just don't. Anyway, just a small operator having daily heart attacks looking at the cost of his chicken prices here. Godspeed.
Thanks for the post and bluntly motivating delivery.
It's frustrating how many people focus on volume and revenue - profitability second. In the hotel industry I come across is a lot, and find it so short-sighted. Once you consistently lower rate to get more volume you diminish the price-position/perception, and its rough to get back. Plus when you max out occupancy where do you expect to grow? So you work harder not smarter for market share, and have little opportunity for growth in future years since you took away your own value and maxed out inventory. I know perishable products are different, but see some parallels.
Anyone that understood accounting/cash flow never liked Snap as an investment. Real investors just shake their heads at retail piling into Snap, but eventually it will need to turn a profit to survive. The time of zombie firms and rolling loans at 0% rates to fund VC burn is coming to a sudden end and cash flow matters again.
Some ideas for the noobs:
Help niche services get customers by doing their marketing for them
Run affiliates offers for skin, weight loss.
Start a skin or weight loss product
Start a software (SaaS) product targeting a service niche or w/e
All this is much easier than it seems (just start). You’ll suck and then learn, then wonder why you didn’t start sooner.
Make 50 calls, someone will take you up on it. Run a ton of shitty affiliates you’ll learn what works. It’s actually really fun.
Cartoon Bull from 2035 doing a better job than a 28k USTT accountancy qualification...
Notice how bull spelled it. I agree they won’t need (redacted)
Highly endorse this. This is better than your first semester an Intro to Finance class in Uni
Simply - sales growth is more important than just the gross numbers, understanding pricing power, operating expenses - are key areas for evaluating an income statement
Must read for all non finance jungle members
Is there any hope for a fast-casual restaurant operator? I started a concept a few years ago with a buddy in Buffalo, NY (after moving home from NYC) and it's sort of like a Digg Inn. I'll spare you a long post but there's no question that the restaurant biz is the stupidest biz you can be in. Insane volatility, and so many independent moving parts with immediate high stakes. We also sell meal preps online.. that biz seems more hopeful for the future. But if any of you are thinking of opening a small restaurant... just don't. Anyway, just a small operator having daily heart attacks looking at the cost of his chicken prices here. Godspeed.
no longer needed: monster/indeed/recruiting software/firms
Thanks for the post and bluntly motivating delivery.
It's frustrating how many people focus on volume and revenue - profitability second. In the hotel industry I come across is a lot, and find it so short-sighted. Once you consistently lower rate to get more volume you diminish the price-position/perception, and its rough to get back. Plus when you max out occupancy where do you expect to grow? So you work harder not smarter for market share, and have little opportunity for growth in future years since you took away your own value and maxed out inventory. I know perishable products are different, but see some parallels.
If you actually found value from this article, your NGMI (never).
Semiconductors?
I'm guessing this means ad budgets will get slashed in the near term.
Tangential to SNAP. Wonder if LINK is diluting earnings by over hiring and awarding shares. Or is this acceptable given their hyper growth state
Anyone that understood accounting/cash flow never liked Snap as an investment. Real investors just shake their heads at retail piling into Snap, but eventually it will need to turn a profit to survive. The time of zombie firms and rolling loans at 0% rates to fund VC burn is coming to a sudden end and cash flow matters again.
no longer need their users cause their data is worthless for now?
FANG relies on trash cash printing—which will no longer be necessary.
Probably less marketing/advertising. Also companies that are struggling to grow may need to spend less on antitrust defense lawyers.
FANG won’t need OE, diversity coaches, or older admins whose productivity cuts in half every other year.