Small Pond Entrepreneurship

Uber
Fastwave

Uber

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Uber
Fastwavemore
Dec 19, 2018 11 Comments

Anyone else think about this stuff?

I’d like to build a business and work for myself. Not a $B business. I’m talking kind of small business nobody really gets jazzed about but made that old guy driving a 20-year-old beat up truck some money when he sold for $5M. Could care less if it’s sexy or not - I actually enjoy being around blue collar folks.

Problem is I suck at identifying the opportunity. That said, I have been successful scaling and building for other people.

Requirements:
- No upfront investment (<~$1k)
- Cash generating immediately
- Operationally scalable (in the sense that I can maintenance the machine instead of be the machine).
- Potential to grow to $1M EBITDA

Good at:
- Relationship building / selling
- Ops: scale, efficiency, organizational
- Customer Experience, Service

Bad at:
- The sciences
- PR (been studying social media / Gary V type stuff)

Thoughts? Interested in the general discussion here as well.

Edits: added target EBITDA

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TOP 11 Comments
  • Intel gtfo.intel
    I install Christmas lights for older folks and wealthy people and take them down after. I don’t charge much but it’s good exercise and people are generous with tips around the holidays.
    Dec 19, 2018 1
    • Uber
      Fastwave

      Uber

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      Uber
      Fastwavemore
      OP
      Like this a lot. I have been looking for a service that brings the lights and installs. So much cost to the DYI: storage/holding costs, maintenance which is next to impossible, staging (time), etc. I’d much rather pay someone to offer me options, bring their own lights, set up, and take down. That’s worth money. And Christmas/Hanukkah cheer = emotional capture = value creation = profits.
      Dec 19, 2018
  • New / Eng JohnMcPop
    Have a marijuana farm.

    * Small upfront investment.
    * Cash flow in a few months.
    * Scalable
    Dec 19, 2018 4
    • Uber
      Fastwave

      Uber

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      Uber
      Fastwavemore
      OP
      I like this. Unfortunately live in a state where there is an insane protectionist law that effectively only permits about 50 families to grow it.
      Dec 19, 2018
    • New / Eng 0xFFFFFD
      Weed prices are tumbling now that it's legal
      Dec 19, 2018
    • Apple Gg56fh
      50 families?
      Dec 19, 2018
    • Uber
      Fastwave

      Uber

      PRE
      Uber
      Fastwavemore
      OP
      It’s based on how long someone has owned a min number of acres
      Dec 19, 2018
  • Bloc / Eng cerealbox
    Find like minded individuals to work with. Hackathons are a great place to do this. Identify great folks you’d want to invest your time and energy with and go for it together. Some will be duds, but you just need one or two to work out well
    Dec 19, 2018 1
    • Uber
      Fastwave

      Uber

      PRE
      Uber
      Fastwavemore
      OP
      Thanks. Will check one out. Have never been.
      Dec 19, 2018
  • Apple iPhone Xs
    Drive for Uber or lyft. You are your own boss and set any hours you want
    Dec 19, 2018 1
    • Uber
      Fastwave

      Uber

      PRE
      Uber
      Fastwavemore
      OP
      Operational scale is not possible and I have enough Uber stock - need to diversify. Also, would get hit on all the time just for being the CEO of my car, not for the real me.
      Dec 19, 2018

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