If you're a Bitcoiner, is it rational to booststrap a meatspace business with a SBA loan? Are there better options?
#asknostr
Discussion
i'd be skeptical that it beats the hurdle rate of BTC
Right. It's not a choice of buying bitcoin, it's how to fund something from scratch. I'd buy bitcoin with the loan amount and spend from it to build what I need to get started.
what type of business?
Drive through coffee on major commuter highway. Starbucks closest averages 1k customers a day and the dunkin is throttled by being at a gas station so not much for drive throguh lines and it's shit. Location is prime but costly. Secondary is it would be a veteran themed place and my local jurisdiction is heavily red (politically) so this would also serve an underserved market that would go there just because it's not Starbucks.
I would do it if you're making a lifestyle decision. investment wise... with inflation around the corner. discretionary spending is always the first to go. can you start an essentials business? or something for the government?
It's a commuter highway for people going east into Northern VA and DC so sort of an essentials for people commuting starting around 0430-0600 and indirectly tied to govt.
Peaceful [BNH] Coffee
Was thinking Reveille Coffee
Dude, that's really good.
Theme: coffee, Jesus, guns and bitcoin. Ofc. Targeting a certain demographic. Probably qouldnjust start as a parking lot with a drive through food truck or similar
I wonder what the regulations are on coffee service and if there's a work around on just having a club house with chess boards and estoric books with weekly Bible study meetings and e cash tokens provided for donations that can be exchanged for coffee/sundries.
The drive through coffee is the main business model driver given location and would be the hinge point for success. But yes, what you describe is the future vision. Just trying to figure out how it could materialize.
Well, there is always the firefighter fund raising model where jacked chads sell their abs to women. 40 year ladies on their way to work getting coffee from jacked shirtless soldiers (Barista Berets), but this might be contrary to the ethos..lol..sorry it's hard to turn the fiat brain off.
social clubs seem like a lucrative hack.
Frankly, I'd pay $100/mo for a private place to meet with likeminding folks to catch a nicotine and caffein buzz to talk philosophy and Jesus. If $50/mo covers it those who can pay can subsidize those who can't.
i would so do that.
a little more if there was a 3d printer i could book time on.
i know a guy making coffee shops from shipping containers
My other bootstrapping thought for this idea when I saw this post was "just do things."
Just setup a coffee stand like kids setup a lemonade stand and test the market.
Governments and permits and shit be damned.
Fuck around, find out.
Don't think the fam could tolerate that risk. But I haven't checked on the "what's the worst that could happen checklist". 🤔
Could also pitch the local bitcoiners for bootstrapping and market potential
Market potential lies solely in the droves of people committing east to NOVA/DC. Coffee is a volume business. Also don't have enough ride or dies in the area to support it.
True. Market potential wasn't the correct word choice for my intention. More of a second opinion from folks that know the area.
Ooooo. Yea. Have done that and several said yes it's a good idea. One said my time is better served writing code for my corporate overlords since it's miming related and one said don't open a coffee shop (owns one in DC and has trauma, haha).
Your biggest drawback is going into an agreement with the government. Same government your financially seeking to undermine.
Assuming you can tolerate the paperwork and process delays.
Always read the fine print.
From an agriculture standpoint and those corresponding agencies we cut all ties when we found Bitcoin. It wasn't worth the hassle to us to play by their rules, designed for the most incompetent and very rigid.
What's a meatspace business?
Something that has a physical location and serves customers in real life, not necessarily online.
Interesting, sounds like proof of work if you're creating something that people want and need
Depends a lot on what it is but even then it’s probably inferior to bitcoin for a few years minimum
At some point the risk reward becomes more favorable though
That’s just the business perspective. If you feel it would intangibly improve your life outside of money that’s a major factor too
Just trying to escape fiat wage slavery in a localized way.
Be really careful with SBA loans, we deal with them a lot here and they can be a real headache if it doesn't work out.