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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. Michael Girdley‏ @mgirdley Jun 17
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      Fortunes being made just taking old economy businesses and using (mostly) cheap modern tech to expand their market reach and efficiency. Looking for these? The most fruitful targets are in industries dominated by Boomers with few young people working in them.

      3 replies 1 retweet 31 likes
      Show this thread
    2. Michael Girdley‏ @mgirdley Jun 17
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      The tech is *not complex* nor usually expensive: - Slack - Zoom - Decent website - Email marketing - Live chat - SEO / SEM - Mobile handhelds - Google docs / drive / cloud filesharing

      2 replies 1 retweet 7 likes
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    3. Molson Hart‏ @Molson_Hart Jun 17
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      Replying to @mgirdley

      As you've written it, I think this only works if you buy one of these companies with leverage and then implement these changes. This is more operational efficiency changes than it is revolutionary change. Ergo you can 10x, but not 100x with this idea.

      1 reply 0 retweets 3 likes
    4. Michael Girdley‏ @mgirdley Jun 17
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      Replying to @Molson_Hart

      I'm not quite sure I agree. I've seen these changes make 10%-20% topline improvements with similar cost reductions. That drops straight to the bottom line, which is big if the business is bought at say 4-5x EBITDA.

      1 reply 0 retweets 2 likes
    5. Molson Hart‏ @Molson_Hart Jun 17
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      Replying to @mgirdley

      Fair, that make sense. I think you get what I mean. This is a good way to make a fortune if you've already built your nest egg or whatever. Doesn't work for people in their mid twenties, perhaps late twenties if they crushed it in their careers.

      1 reply 0 retweets 1 like
    6. Michael Girdley‏ @mgirdley Jun 17
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      Replying to @Molson_Hart

      Dig it! Some of these little businesses are relatively tiny, so not requiring a fortune. Many trucking companies are a handful of trucks, for example. Sub <$1mm in revenue, etc.

      1 reply 0 retweets 1 like
      Molson Hart‏ @Molson_Hart Jun 17
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      Replying to @mgirdley

      Lot of great opportunities in this space for young people with brains, motor, and tech skill.

      12:33 PM - 17 Jun 2020
      • 2 Likes
      • Antoine 🌲🌞 Michael Girdley
      0 replies 0 retweets 2 likes

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