Small Business for Bitcoiners with Bobby Shell (SLP534)
Dec 18, 2023
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Bobby Shell, an advocate for Bitcoiners investing in small businesses, shares insights on why SMBs matter. They discuss advantages of starting a business, securing Bitcoin, budget allocation, values-based businesses, due diligence, and predicting Bitcoin's future.
Owning a small business allows Bitcoiners to not just hold Bitcoin, but also earn more money and positively impact their local community.
Small businesses can provide the opportunity to allocate excess cash flow to Bitcoin, resulting in significant returns as the business grows and achieves higher revenue levels.
Entrepreneurs who start or acquire small businesses aligned with their values can make a meaningful impact on wider Bitcoin adoption and contribute to economic growth.
Deep dives
The Benefits of Small Business and Bitcoin
Small businesses are the backbone of America, providing jobs and opportunities. Acquiring or starting a small business offers the chance to earn more money and have a positive impact on the local community. It is a way for Bitcoiners to not just hold Bitcoin, but also improve their lives. Owning a small business gives individuals autonomy, freedom, and the ability to shape the culture of their community. Entrepreneurs have the opportunity to create value, serve others, and drive positive change.
Diversifying Income and Maximizing Potential
Small businesses offer the potential for higher earnings compared to traditional corporate jobs. While there are risks involved, owning a profitable business can provide the opportunity to allocate excess cash flow to Bitcoin, either by reinvesting in the business or by adding to personal Bitcoin holdings. As businesses grow and achieve higher revenue levels, they may command higher multiples, resulting in significant returns.
Entrepreneurship and Bitcoin Adoption
Entrepreneurship aligns well with Bitcoin adoption and the principles of personal sovereignty. Bitcoiners who start or acquire small businesses can influence their local communities, build a business culture aligned with their values, and foster economic growth. By offering Bitcoin as a payment option and leveraging their accumulation of wealth, entrepreneurs can make a meaningful impact on wider Bitcoin adoption.
Considerations and Challenges
Entering the world of small business requires careful research, understanding financials, and building the necessary skill sets. Diligence is crucial to ensure the acquisition or starting of a viable business. Challenges such as financial hurdles, operational management, and maintaining profitability need to be navigated. Risk assessment, continuous learning, and seeking advice from experienced professionals can help mitigate potential difficulties.
Voltage: Empowering Bitcoin Businesses
Voltage is a comprehensive Bitcoin development platform that enables businesses to integrate Bitcoin into their operations. Through Voltage, businesses can access tools for liquidity sourcing, payment processing, data analytics, and more. The platform is currently undergoing a complete rebuild to enhance user experience and provide new features, contributing to broader accessibility and adoption of Bitcoin.
Should Bitcoiners consider Small Business? What are some of the important considerations here? Bobby Shell of Voltage and Imprint Digital joins me on the show to talk about his experiences in SMB and why Bitcoiners should also think about it.
Why do SMB
Earning more and making an impact
His experiences with digital and physical businesses
