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Josh Schultz ๐Ÿญ๐Ÿš€ Profile
Josh Schultz ๐Ÿญ๐Ÿš€

@joshuamschultz

19,568
Followers
962
Following
1,357
Media
21,122
Statuses

Modern Industrialist. Rebuilding US Manufacturing. Acquiring Industrial Companies. Teaching the SMB Blueprint. President/COO Canekast ๐Ÿญ๐Ÿš€

Austin
Joined July 2009
Don't wanna be here? Send us removal request.
@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
Getting from $1m to $3.5m is extremely difficult for small businesses You are out-growing current resources, but not yet cash-rich enough to get what you need. This used to be a business graveyard or plateau. Not anymore, here is how to cross that chasm...
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
Person 1: Can I buy you coffee and pick your brain on a few things? Me: Sure, $500/hr Person 2: I would like to understand how x works and how to integrate with y. I will pay you for a 15 min call. Me: I'd be happy to talk anytime, no payment required. When are you free?
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
6 months
I was raised with the mentality "there are no rules, you do what you have to do to get things done". Stupid example and Business example to follow: Stupid example: I was in a hotel last week, I asked the front desk to refill the soap. They did not. So I bent the hanger, popped
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
7 months
@jcolesimpson 250 for a chef + groceries!!! I didnโ€™t know you moved overseas dude! Thatโ€™s my gas bill to go get groceries in Austin
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
To anyone watching the news, layoffs, and markets and worried: I have - worked through 2 recessions and a major industrial recession - spent 5 years trading, including through 2008 - read over 200 books on historical finance, memoirs back when I was a finance guy my advice ๐Ÿ‘‡
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
5 months
I moved into my parents non-heated, non-acโ€™d crawl space above the garage where my dad and I laid down some scratchโ€™nโ€™dent flooring - for five years and drove a 12 year old civic I bought for $750 so I could get debt free. This while my friends bought new cars, traveled, and
@POTUS
President Biden
5 months
My Administration has cancelled student debt for 3.6 million people through various actions, bringing the promise of higher education to more hardworking Americans. And weโ€™re going to keep going.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
If you are under 30 and looking for real business experience, work at a smaller company. They can't afford to buffer anyone from - decisions - consequences - responsibility - real work ... they don't have the time, resources, or energy. You will try, fail, and learn.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
Bring Manufacturing Back To America - Where it went - Why its important - How it actually works - How to get it back A mega thread on small domestic Mom & Pop manufacturers on this 4th ๐Ÿ‡บ๐Ÿ‡ธ
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
8 months
One of the most fulfilling things you can do with your life, is to go through a very hard time, and then spend the rest of your life, helping other people going through that hard time with perspective, and wisdom. I have never felt more seen, peaceful, and hopeful, as when
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
๐Ÿš€ 50+ Principles, Concepts & Mindsets related to operating a business. I've made a lot of mistakes, Gotten a lot of advice, Sat in a lot of roles... Here is how it has shaped my view towards business thus far ๐Ÿ‘‡
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
6 months
Conversation I have every week in the foundry business Prospect: "Can you quote this part?" Us: "Sure, $ x.00" Prospect: "That is about 20% too high" Us: "Ok, I guess you'll have to stay with current source, we can't compete there." Prospect: "Oh, I can't, they are going out
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
Enough beating around the bush on the Vision vs Integrator roles. Here is the cold, hard truth on why many of you don't understand these perspectives, and won't get the partner or setup you want. ๐Ÿ‘‡
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
New companies are about to be born, and existing companies are about to explode as we reindustrialize the US and rebuild manufacturing in the United States. Below are 5 books you should read if you are interested in the reindustrialization of the US.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
4 years
As someone that has constantly battled the demons of anxiety, performance, stress, self-worth, and the like, achieving peace can sometimes seem impossible. As I approach 35, here are 25+ things I have found to help live a peaceful life.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 months
Married to a Hispanic Year 1: Constant fighting and escalations Year 10: yells at me for no reason Me: โ€œyou just need to yell and looking for an outlet?โ€ Her: โ€œyeahโ€ Me: โ€œLet it ripโ€
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
I love when people ask me EBITDA of manufacturing companies... "Uhhh, Depreciation is a very real expense... do want earnings ex labor too?"
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
4 years
If you want to document your entire business for reasons pointed out here .. but it seems daunting and overwhelming, here is a process I have used to fully document 4 smbs. These are the 20+ steps I have found to get to 80% documented. ๐Ÿ‘‡๐Ÿผ
@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
4 years
Want to increase the value of your smb? Engineer yourself out, and --document the entire operation-- so it becomes a low-risk self running cash flow for the buyer
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
9 months
Hiring is broken in small business When hiring for skills, you end up with below-average performers holding your company back Here is what we do instead ๐Ÿ‘‡
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
Is homeschooling the answer to helping the next generation solve today's problems? - Why we chose to do it - our "Homeschool Stack" - Some of the unintended consequences ... and "what about the kid's socializing!?"
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
The holy grail of SMB operations is that of the self-running company... ... a company full of meta systems, which build & execute tactical systems, which run the company. Here are a few things to implement to bring you closer to this in your own small business
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
Friend had a problem with upset customer and was avoiding the call. I asked for the number and called the customer on the spot โ€œWow, thatโ€™s crazy the last you enjoy those types of callsโ€. A few things on handling customer issues
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
We recently rebuilt our internal bookkeeping & accounting system to close out in 2-3 days This is for a $30mm company with 10 entities, 5 locations, and 3 company types Ill share a post on exactly how, with examples, in the future... but I'll share the principles now ๐Ÿ‘‡
@RegZeller
Reg Zeller
1 year
Weโ€™ve finally felt the impact of no controller/CFO, and I have to admit the results werenโ€™t what we expected โ€ฆ @joshuamschultz ripped out all of our ERPโ€™s, completely redid the processes/training & team went through first monthly closing Ended up closing May last night at 8pm
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
This will shock NO ONE on twitter... but IRL - people think I'm crazy. I actually have a specifically timed Avocado System. This is 100% true.
@nickfedele
Nick Fedele
3 years
How the hell does Chipotle always have ripe avocado? 30% of the time, my avocados at home are unripened. I need a better supply chain.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
7 months
If you see the words "Silver Tsunami", run. Someone is trying to profit off you. Most of the businesses will never transfer, they are untransferable. They are 1-5 man shops that are hobby businesses. The remaining ones have a value to high, or processes that need the skills
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
4 years
How to find a small business to buy, the best listings, and what its going to take to execute it. Since I seem to be deeply entrenched in Micro PE twitter now, and keep seeing this question. Here you go.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
Rebuilding machining in the US!
Tweet media one
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
Implementing an ERP is one of the most disruptive things you can do in a company. It also, if done right, can be one of the most foundational
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
Older I get, the more I realize everything is a choice. Little is genetic or โ€œpersonalityโ€ Morning person, night owl Lazy / hard worker Health nut Nerd Outgoing / introvert Good husband Good father Good friend These are all daily choices defined by your inner self talk
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
Reality: nobody is gonna care who I am or what I did in 100 years, maybe even 30. Focus on the people in your life today, make them feel loved and appreciated. Thatโ€™s what matters live a life worth living by loving, and by passing on great virtues
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
1 year ago I joined up with @RegZeller to help build Canekast, bringing it from single plant to manufacturing platform Keep reading for - 29 projects we implemented - 8 stats showing our insane progress - 7 reminders and lessons along the way
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
Every week, I get a DM from someone who bought a small business and is about to lose it all. We hear from the successful on Twitter, but there is another side. Buying / Running a small business is hard and fraught with uncertainty.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
6 months
This is such a powerful fact for managers and leaders to remember.
Tweet media one
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 months
A lot of new followers recently.... My quick history 1. Ex finance guy. Ran mid-sized funds, traded energy, and eventually got into risk modelling for large companies and portfolios based on tail events related to political and macro economic risks. 2. Read Every S&P 500 10k
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
Do I need a CFO? I've heard a lot of people thinking this. For small businesses under 5mil sales... prob not. But if you want to take your biz seriously, you need to have a finance function. Its one of the three key pillars of SMB The CFO heads this function
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
7 months
Everywhere I go, itโ€™s just packed - local coffee shop - major highways - airports - delta lounge - restaurants The friction in life due to โ€œpeople volumeโ€ seems enormous right now Getting closer and closer to moving to an โ€œout of the wayโ€ location so I can grab coffee and
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
Your child is just starting out in operating a small business at 25 years old (aka not a lot of previous knowledge/experience). What is the one book you recommend to help them figure things out and be successful?
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
A favorite past-time of mine? Export all expenses for last 6 months Sum by vendor Sort top to bottom Look for victims
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
Many small businesses are not going to be in business in 5 years. We are the precipice of a perfect storm between 1. Experience 2. Psychology 3. Economics
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
Documentation is a key tool in - scaling easier - training faster - lowering risk in operations - sharing information But it takes so long! Here is how I have personally written over 1000 pages of documentation in under 6 months while running 6 businesses
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
My Favorite Books For Running Operations Iโ€™ve been asked this a few times recentlyโ€ฆ so here it is ๐Ÿ‘‡
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
4 months
Bought Nvidia $NVDA 2 years ago in my kids UTMAs (supply crunch, lucked out with AI wave) ... just set the sell at market for tomorrow morning. Right move?
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
1. Watching twitter, cnbc, wall street journal and other financial news outlets are not helpful. You do not need to read them to "stay informed". They are mostly opinions, and most of them will be very wrong Step one: cut out the news, purge your feed, delete your portfolio app
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
11 months
Reindustrializing the US is about more than hanging onto the past... Its about - maintaining the number 1 way to go from poor to middle class - its about raising our ability to innovate - its about creating a self-serving economic engine for producers and consumers
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
2. Recessions are full of opportunity I built most of my customer relationships and specialized service offerings for my supply chain company during a major industrial recession Step 2: Go heads down & build. Lots of biz will be looking for solutions. Be that solution. Build
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
Lots of owners hold back the potential of their company by not realizing you can separate 1. Ownership 2. Equity Incentive 3. Management. Most owners do/get all 3.- but by unbundling in a smart way, you can supercharge the people you work with without risking losing control.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
There is a ton of talk on here about cash flow, boring businesses, multiples, and deals. I love it. I just hope everyone remembers that none of it will fill the void you have. Only realizing we were made to be part of and serve in communities does that.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
A truth that took me 25 years to realize: If you want freedom, add structure and discipline If you want chaos and emptiness, remove it. Its the boundaries that give us freedom. boundaryless laws, lives, and systems are chaos and impossible to operate inside of.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
Scaling B2B (especially in industrial) is hard. Cold Email/Call was my best sales method. However, my second best, and far more powerful, is what I am going to show you below. I have set this up for a few companies (not my own) and they have brought in 2-10mil in new business!
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
Excited to announce what I'll be working on for the next few decades! I'm teaming up with @RegZeller to help him operationalize and grow Canekast. While he doesn't need me, I believe the two of us can build one hell of a company together. Here's why I signed on...
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
10 months
Buy a small foundry, no one wants to talk to you. Buy 7, everyone wants to see โ€œhow we can partnerโ€ The thing is, we will stay loyal to those who helped us figure things out when we were smaller. Some vendors took so much time to help educate us. Thatโ€™s who I will stay
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
I have a six sigma black belt and am not a fan of lean thinking to run ops I passed 7, 63, CFA 1/2 & am not a fan of finance running business I am an 80/20 tactical/strategy guy, & don't like the term "integrator" I am the most systems guy you'll meet, & not a fan of EOS
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
... With the myriad of automation software, no code tools, integrations, and connectors (), you can scale your operations without hiring someone new, and without needing to be a computer engineer. Here's how to continue scaling with little to no cash!
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
7 months
@LeadershipAcad1 I was with you right up until you said pizza. I think you took things a little too far
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
Lots of younger people I meet are frustrated, broke, unhappy, and stressed. There is a secret I learned in my late 20โ€™s that has given me peace, allowed me to build wealth, and enjoy the people and success around me. This is it (with some examples):
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
Most small businesses are family affairs. Even if its just the owner with no other family. There are emotions, family problems, ego-tied actions, and more. These businesses are great businesses... but be ready. Here are few thoughts to help worker/acquirers in these businesses
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
Iโ€™m so sick of bookmarking all of @girdley โ€˜s threads.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
9 months
Meeting hack
Tweet media one
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
Getting a lot from a CPA really starts with understanding how to work with them Many people just assume there are lots of secret tax breaks that the good ones know about. Yes and no It is all based on you being open and sharing what you want to do - here is what I mean...
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
TL:DR The world is not going to end Use the time to build, not grow You can come out stronger Your outcome is mostly correlated to your perspective, your grit, your ingenuity, and your determination. You got this ๐Ÿ’ช
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
+\- 5 microns is crazy. For context, firearms pins and key pieces are usually +\- 127 microns. Iโ€™ve worked on some aerospace at 12โ€ฆ but that was extremely rare
@TrungTPhan
Trung Phan
1 year
This is a Swiss CNC machine. Itโ€™s an automated precision tool that manufactures small metal parts and costs up to $2m. Rolex used to be its largest buyer. But that title now belongs to Apple, which owns 100s of them. Why? For the Apple Watch: the tool is used specifically to
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
Every once in a while you meet someone who is ambitious, curious, humble, creative, innovative & who can tell is going to be a crazy good operator If you find them early- hire them & give them opportunity to grow Incredibly excited that @EverestBrady is joining Canekast ๐Ÿญ๐Ÿš€
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
"Fire underperformers as fast as possible" is the type of advice you get from consultants, analysts, and sideline business experts. The reality is far less black & white
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
Everyone is born at a disadvantage, not just you. Some are so wealthy and pampered they lack the ingredients to develop a work ethic Others are so poor they lack the opportunity and connections Some live in remote places with little access to opportunity Others still are so
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
There is an epidemic of loneliness today. Sons craving a father Wives desiring a husband People all around, yet alone Most relationships are shallow. The human condition was made for deep, vulnerable relationships. Being a man is knowing how to offer this, not withholding it
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
4 years
1/7 Stages of mastering #SMB operations. Still going for me, so I'm sure this isn't a complete list. First... ๐Ÿ‘‡
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
9 months
If you are buying your first SMB and already asking about being an absentee owner - you are playing the wrong game. Better off going and investing in public stocks.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 months
The secret most donโ€™t want to know about running a successful business โ€ฆ itโ€™s mostly about accountability Itโ€™s not sexy Itโ€™s not packageable as an info product Itโ€™s not a quick fix Itโ€™s not automateable โ€ฆ but itโ€™s the truth
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
I'm doing another SMB Brunch in Austin on Jan 28th My Home Amazing Brunch Spread Great Conversation Guest Speaker: Creating Inbound Deal Flow (from someone that has created a massive pipeline) Come for the community, learn something new, make new friends. Whose interested?
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
9 months
@sweatystartup Every. Single. Time. Every. Single. Industry
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
So what did we actually do? We built Bookkeeping -> Reporting -> metrics -> KPI alerts -> Cash Flow Model -> Problem-solving identification/feedback loops. I'll show all of this, with our tools, apps, and systems in the coming weeks if this is of interest.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
5 months
TBH, I did end up installing a window in the roof and got a floor heater which took the edge off on those -15 degree days. But many ice-walled mornings and loud-muffler drives to work. Fond memories of the character building during those times.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
9 months
The number of people less qualified than you, living the life you want to live... ...would probably shock you.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
I am considering launching the most boring thread series every... Systems, Business, and Process. 20 days on - process, - mapping them, - optimizing them, - building systems, - complex systems and business, and - how they behave (unintended consequences) ๐Ÿ˜Ÿ๐Ÿ˜ด๐Ÿ˜ด๐Ÿ˜ด
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
5 months
Big news coming soon 1. New company 2. New model 3. New 1st entry ๐Ÿ”ฅ๐Ÿš€๐Ÿญ Revitalizing Manufacturing one Turnaround at a time!
Tweet media one
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
5 years
@timgostony @_DanielSinclair Robots put up that sign. They are doing their own โ€œtestingโ€
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
I work my dream occupation and live my dream life. This occurred 2 years ago. I did it by - doing jobs I didn't like - hustling when I had no energy - going without for years Most of what you want is on the other side of hard... The secret is that "hard" is temporary.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
Mexico is under discussed here. 1. 1/3 pay 2. High level work equal or better than avg US worker 3. Amazing Univ in country 4. In person retrata possible 5. Same time zone 6. Most speak English very well. Been hiring in Mex since 2015
@Molson_Hart
molson ๐Ÿง โš™๏ธ
3 years
Just read how a buddy of my mine replaced 80% of his American staff with people in the Philippines at 15-20% the cost after benefits and taxes. This has been happening but itโ€™s going to accelerate. Could be a tough decade for American office workers.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
What if we, and hear me out โ€ฆ Stop worrying about titles and visionaries, and we all just show up and do what we can do to grow the business I bet that would work
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 months
Found out about a problem yesterday at 4 pm. Iโ€™ll be there, on site within 24 hours If you arenโ€™t willing to immediately jump in, you wonโ€™t be able to compete with @RegZeller and I. We arenโ€™t remote, we arenโ€™t absent - we are in the weeds and macro. We are distributed There
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
Cheers to all you heroes running small businesses this Friday ! To the paychecks you provide, the stresses your family bears, the sleepiness night, the risks you take, and the many fires you put out that know will know about... I salute you and appreciate you!
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 months
I've noticed a lot of default inclusive behavior in SMB and just so I'm clear: its extremely harmful to a culture of excellence. - Training: "what if some guys don't learn" - Accountability "I find all workers are good and its the manager who needs to find a new approach" -
@girdley
Michael Girdley
2 months
My latest thought about the US: Our country would be better if we stopped, by default, assuming everyone's opinion had merit. It's a big part of why we can't build anything or innovate. The whiners hold too much sway.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
Here is @girdley testing Appleโ€™s new Vision Pro, months before it was announced. This is how you stay ahead of the curve.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
6 months
I have lost some of the discipline of my 20โ€™s. I think 2024 is going to be the year of discipline in my health, in my time, in my business, and in my family. The discipline to - Live in a way that gives me energy - Love in a way where there is no question - Work in a way that
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
8 months
Budgets Suck the Life Out of Your Business - Learn the Fresh Approach to Thrive Controlling costs is paramount for maintaining efficiency and preventing overhead bloat as your business scales. During growth, you accumulate people, resources, and expenses. While budgets are a
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
7 months
The unsexiest problem almost every SMB I look at has? Communication of information. No one wants to solve it, most think it doesn't matter. 1. It accounts for most of the frustration of individual workers 2. It causes 30-50% of wasted time and repeat work
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
5 months
A large part of the destruction of US manufacturing has been our own doing. A combination of Corporations pursuing profit at all cost, and Consumers pursuing every lower prices. One of the most foundation technologies that we have lost, that support defense, industrials,
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
5 months
One of the quickest ways I know to diffuse an angry customer, is to take 110% of the blame. "I reviewed the recent situation with our plant and want to tell you we are 100% at fault. While its not an excuse, we had spent a week..... This caused us to miss.... Going forward
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
If you are looking to buy or run a business, but don't feel your business chops are up to the task @StrongpointRich and I are hosting a live cohort in Aug: Small Business Crucible Aimed at giving you the skills you need to not only keep the biz going but to absolutely thrive!
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
๐Ÿšจ Next SMB Event!! ๐Ÿšจ ๐Ÿ“Austin, Texas ๐Ÿ—“๏ธ Sept 28, '23 This will be an afternoon/evening mixer for SMB owners, investors, and operators. We'll be in the Hill Country of Texas with - Catered food - Live music - Pool - Fire pit Fly in, build your network, make some IRL friends
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 months
Sales is a game of consistency and persistence Love this sign from the CEO desk of a manufacturer I just visited
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
10 months
Pixar movie about one boy with a crazy vision to Rebuild manufacturing in the US along with his anxious partner (and all the monsters trying to stop them). ...now in the works! Follow along with their antics, successes, mistakes, and crazy tales all over the country
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
Is ChatGPT the end of homework and our kids actually learning? Worrying about this shows you don't understand work, history, technology, trends, etc. You are asking the wrong questions and thinking too small...
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
I had the opportunity to work, side by side, with my father for 10 years. Nobody can take that time away. I 10x'd all those conversations, moments, and experiences I'll have as time passes. If your father works in a business, that could be your unfair advantage.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
4 years
Want to increase the value of your smb? Engineer yourself out, and --document the entire operation-- so it becomes a low-risk self running cash flow for the buyer
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 years
4. Its never as bad as you think Human nature thrives on Greed and Fear. Fear will be what is driving much of what we see and read. Remember that opinions are not facts, and literally, no one out there can predict the future. Just remember, its never as bad as they say
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 year
This small room made as much profit as our largest plant last quarter. Many times in small business itโ€™s not about obtaining more resources - itโ€™s about fully utilizing what you already have
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
3 years
Tomorrow, I hop on a plane Fly to the Northeastern US Go to a isolated cabin on a creek and spend a few focused days bonding with and talk small business with @StrongpointRich . Very grateful for this coming weekend I get to enjoy.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
1 month
@SMB_Attorney She's not wrong
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
2 months
@LeadershipAcad1 Way too much information, the more you give, the more arguing points there are. Price change email should be short into the point.
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@joshuamschultz
Josh Schultz ๐Ÿญ๐Ÿš€
4 months
I also own my own jetโ€ฆ Except I rent it back to Delta And I donโ€™t charge them And I pay for when I need to ride And I agreed to ride in row 23 to help them maximize revenue on first class and comfort+
@drgurner
Dr. Julie Gurner
4 months
@SBA_Matthias Most own that I work with, but it goes through the business. If that makes sense.
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