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Sean Allen Fenn

@seanallenfenn

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Sean Allen Fenn
@seanallenfenn
There’s No Business Like Shoe Business Methods of Prosperity newsletter no. 65. Phil Knight (cont.) TL;DR There was too much work for Phil Knight to do alone. He hired his sister part time. He needed more help. He’d given a pair of Tigers to an acquaintance named Jeff Johnson. They knew each other from track meets. Jeff had sold shoes for Adidas. Now he worked as a social worker. Jeff started a family and needed to earn more cash than his day job could provide. Phil offered Jeff a commission sales job to sell Tiger shoes. Enthusiastic about selling the shoes, Jeff suggested expanding the business. Phil warned him about the company’s financial struggles and negative cash flow. Jeff persisted. He became Blue Ribbon’s first full-time employee. Phil’s bank thought Blue Ribbon was growing too fast. It was a vicious cycle of debt and short supply. He needed equity. To be continued...
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Sean Allen Fenn
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I just got paid 2,000 $QR for checking out today's winner @qrcoindotfun now what?
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Sean Allen Fenn
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Phil Knight vs. the Marlboro Man Methods of Prosperity newsletter no.64. Phil Knight (cont.) There was no such thing as venture capital in 1965. US Bank had turned him down. First National Bank was hesitant. There wasn’t any equity. Blue Ribbon Sports was cash flow negative. Phil Knight’s fledgling shoe business was outgrowing its cash balance. His balance was zero. Still, he asked the bank for another letter of credit. That wasn’t his only problem. Now he had competition.
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Sean Allen Fenn
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Would you mind hearing the newest song from the album I’ve been working on? “Melanie” by @seanallenfenn on Tortoise.
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Sean Allen Fenn
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Methods of Prosperity 63 Newsletter examining the methods used by historical figures to accumulate wealth. What makes you happy? That’s a trick question. This newsletter is not about happiness. It’s about how to become a billionaire. The irony is that, doing what makes you happy can make you a billionaire. For Phil Knight, the co-founder of Nike, wealth and success is a byproduct of chasing after your bliss. Nike was co-founded by Phil Knight and his track coach, Bill Bowerman, on January 25, 1964. The original name of the company was Blue Ribbon Sports. They rebranded to Nike, Inc. on May 30, 1971, named after the Greek goddess of victory. “You ask, what is our aim? I can answer in one word. It is victory. Victory at all costs. Victory in spite of terror. Victory however long and hard the road may be. For without victory, there is no survival.” – Winston Churchill
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Sean Allen Fenn
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How Donald Trump Bends Reality Methods of Prosperity newsletter no.62: Donald J. Trump 45th & 47th President of the United States of America Key Lessons: • Disregard facts that don’t serve your purpose. • Negotiate like your life depends on it. • Buy distressed assets and add value. • Don’t drink alcohol or do drugs. • Legally avoid paying taxes. • Build your personal brand. • Don’t be over-leveraged. • Always fight back.
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Sean Allen Fenn
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Would
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Sean Allen Fenn
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Need a boat first.
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Sean Allen Fenn
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Wake up babe new Methods of Prosperity dropped
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Sean Allen Fenn
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Billionaires Have Better Brains How to Rewire Your Brain for Success. Methods of Prosperity newsletter no. 61. Brad Jacobs (concl.) Key Lessons: • Automate as much as possible. • Expect positive outcomes. • Find and fix inefficiencies. • Be better not only bigger. • Prioritize technology. • Get the culture right. • Embrace problems. • Invest in A players. • Go after big deals. • Meditate.
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Sean Allen Fenn
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Happy birthday!
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Sean Allen Fenn
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Big Boring Billionaire Business How Brad Jacobs Makes a Few Billion Dollars. Methods of Prosperity newsletter no.60: Obscene profits. That was the headline one evening of CBS News in 1979. It was a report on the Iran hostage crisis. Petroleum prices had reached all time highs. Exxon had reported excessive quarterly earnings of over one billion dollars. The words OBSCENE PROFITS flashed across the TV screen of a twenty three year old musician. That young man was Brad Jacobs. “That sounds pretty good,” he thought, “maybe I ought to check out the oil sector.”
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Sean Allen Fenn
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Methods of Prosperity 59 Howard Schultz needed to raise $1.25 million. Rejected by 217 potential investors, he raised $600,000 so far. His former partners at Starbucks had invested $150,000 of that. Then, he raised $900,000 in June 1986. Obsessed with the Italian espresso bar experience, he left Starbucks. In 1986, he started Il Giornale. By August of that year, he signed the lease for a second location. For his business plan to pay off, he needed to launch eight espresso bars. Without capital, his plan wasn’t going ...
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Love your attention to typography. Redesign looks great!
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World's first Farcaster Mini App Chess Frame now enters it's beta test mode. Go at it: https://warpcast.com/~/mini-apps/launch?domain=blockchainchess.xyz
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Practicing being radically aware of who is in the driver’s seat of your life at every moment vs slipping into unconscious autopilot is one of the most important exercises you’ll do for yourself and others
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Sean Allen Fenn
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Originally written July 25, 2024. Published to Paragraph today.
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Sean Allen Fenn
@seanallenfenn
How to Persuade Someone Who Is Hesitant to Change Methods of Prosperity newsletter no.58. Howard Schultz (cont.) Author Sean Allen Fenn July 25, 2024 People often act in their own self-interest when motivated by incentives. Benjamin Franklin emphasized the power of incentives in influencing behavior. In Poor Richard’s Almanack, he stated, “If you would persuade, appeal to interest and not to reason.”
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Sean Allen Fenn
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How?
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Sean Allen Fenn
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This wasn’t me. Whomever’s trying to hack my account, try harder.
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