One of my weird hobbies: comparing small Internet businesses to other outposts of yeoman capitalism like e.g. owning a franchise.
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Replying to @patio11
SaaS: "Dang this year was absolutely awful: 25% margins! What am I doing wrong?!" Cafe: "7% baby CHA CHING!"
5 replies 7 retweets 28 likes -
Replying to @patio11
Internet: "Only elite Internet famous entrepreneurs can make > $5k /mo with SaaS." Reality: Local Subway shop sold $800k in bad sandwitches.
4 replies 22 retweets 52 likes -
Replying to @patio11
SaaS: "I'm feeling like we've got insufficient visibility into AdWords, lifecycle emails, and analytics." Physical: "Local paper here's $5k"
2 replies 2 retweets 16 likes -
Replying to @patio11
SaaS: "AWS wants $150 a month for hosting? A MONTH!?" Physical: "Anticipated leasehold improvement to open a Massage Envy: $650,000."
1 reply 6 retweets 28 likes -
Replying to @patio11
Software companies: "We're not entirely sure what our revenue is." Rest of world: "Jesus Christ that is a solved problem."
2 replies 12 retweets 33 likes -
Replying to @patio11
Innocence: "How is it possible that we record every transaction in a database as it happens and yet cannot trivially calculate our revenue?"
2 replies 6 retweets 19 likes -
Replying to @patio11
There's like multiple levels to that question. You graduate from being unable to calculate any number to calculating a non-revenue number.
1 reply 1 retweet 10 likes -
Replying to @patio11
SaaS: "Ugh office rents are terrible." Hat shop: "$12k a month, whiners." "Month-to-month?" "Aside from the 3 year commit on lease, yeah."
2 replies 1 retweet 12 likes
SaaS: "What do you do at the hat shop?" Hat shop: "Hats come in in a box. We unbox and shelve them, sell them, then put them in nice bag."
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