“Extra five bucks a day, what's that? 150 bucks a month. If I cut out another couple of pub meals, there's $300, $400 already, which is probably made up of what your interest rates have gone up by.”
Get Rich Slow Club · 324. Why lower interest rates can hurt more today
Play from 34:58
34:58
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What was described
cut small daily expenses (e.g., $5 coffee) to save $150 per month
$5 per day, $150 per month
Said nearby on the same subject
“When we launched the company … we could help the average business cut their expenses by about 2% per year… Today, a typical business running on ramp is able to cut their expenses by about 7.5% per year.”
♫
Said on Joe Lonsdale: American Optimist
Why it workedTypical business cuts expenses by about 7.5% per year (earlier 2%)Share this moment
“Say a tool looks like it saves five hours a week… Cut those hours to two… Two times 4.3 times 30 is $258 minus 20 leaves $238 a month.”
GC
Grant Calloway
AI for Small Business ·
Hard number5 hrs/week, $30/hr, $20/month, $238/month netShare this moment
“On our other rotor sails we roughly save around 1 to 1.2 tonnes per day per rotor sail ... you can save up to 1,500 tonnes per vessel per year, which is around 4,500 tonnes of CO2”
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Said on Tech Life
Hard number1-1.2 tonnes per day per rotor; ~1,500 tonnes per vessel per year; ~4,…Share this moment
“For small, when we made like eight, like in a working, you know, small batch, it was $380 COGS. We believe in this next batch, we're going to get it to under $150. And then once we invest in more tooling, I want to get it to be well under $70. So good margins, right?”
JW
Jack Walters
The Pitch ·
Why it worked$380 COGS small batch; < $150 next batch; < $70 target; 75% hardware m…Share this moment
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