Yeah, but a 10x increase of starting capital within 6 months without work? What exactly did you do?
Discussion
We bought some stuff and we sold some stuff.
We are just ruthlessly systemic and efficient.
One of my favourite lessons though is that speed of turnover is what matters, not margin.
Return on capital = margin ^ turnover cycles
So we are starting with stuff that is high value density, fast turnover and we are saturating out those opportunities before moving into more scalable things.
Think we underestimated the addressable market for our first stage though, so we are overachieving at the moment.
Good business just boils down to math.
People complicate it with moronic stuff and feelings.
But I’m an MEng^2 + MBA so you probably shouldn’t listen to me. Very not cool.
Buying + selling physically or on paper? What about the storage? Seems to me that there IS some work, just maybe not the hard physical one 😂
We had approx 15 meetings after Sunday dinner and that’s where everything was done, maybe 90mins each. We just sit around the table after cleared up and do some stuff.
Physical goods, we just used the internet to organise / manage everything.