JD Klein
@jdklein33
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Partner Sales/DNB segment @AWS . MSFT Alum. Built/sold Printing franchise using ROBS. Also, into Oyster farming, Huskies football, RE. Posts = personal opinions
Seattle, WA
Joined December 2008
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Send us removal request.
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The short story + lessons from how I 'blew up' buying an SMB at age 43
1. 17 yrs of W2 Corp tech sales
2. Married, 3 kids 10-14 y.o.
3. Owned house, vaca home & rental
4. Living in Redmond
Life is good, yes? Yes, life is good, I'm on TV!
Soooo...why do this entrepreneur thing?
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@sweatystartup
Our role as fathers is to lead. Letting kids do whatever they want is not leading your family
Tell your kids that you're doing something together and lead the way
The pushback is always soft and temporary
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Great history of gun laws, 2nd amendment, how the NRA became radicalized, how Putin used uncontrolled gun violence as a way to destabilize democracy in the U.S.
If you're an NRA member, and I have been, or a republican voter, which I have also been, then you should know history
Do you all know about the racist origins of our gun and gun control policies?
To begin with, we've had lots of gun control laws, but early on they were about making sure only white men had them.
Source:
(
@MarkFrassetto
)
1/
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@johnkruzel
MAC addresses from cell phones will show on Jan 5 and Jan 6 for any repeat customers.
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@xanbarksdale
As an adult 100%. Problem is when a 'washed out never was' thinks he has license to do this with 13 year olds
It's all about context
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I know we complain about weather a lot in Seattle. But days like this....wow
I have no idea how long we will live here. But dang do we feel blessed every day to take care of this little spot of God's green earth
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Did a thing, a big thing actually, accepted an offer w Amazon AWS starting Jan 3!
2020 has been a very hard year after selling my business
Apply for high leverage tech jobs and endure a lot of rejection
Work at a cybersecurity startup which I enjoy
Shop for an SMB as plan B
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Buying out Infiniti QX50 car lease today
Net price $24969
Est value $39991
This can't continue
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Think these guys would be welcome on Fox News today?
In 1985 Kris Kristofferson and Johnny Cash gave their thoughts on America …
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@LookoutLanding
Jerry should have walked in and said
This is hard but necessary
I understand how you feel, I was a player too
Honor these guys and your new teammates
Judge me at the end of the season
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And all these people out here debating owning a business vs working a W2...
Take it from the olds, when you get on the back side of 45 & look around, it'll be super obvious that nobody cares what you do or did for a living
Stop living for other people. Life is too short
This hit me hard:
"20 years from now, the only people who will remember that you worked late are your kids."
The responses hit me even harder:
"The graveyard is full of 'irreplaceable' and 'important' people."
"I don’t remember what I was working on, I can’t tell you why it…
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Please call me before you buy a printing company
Yesterday I posted about how to use $75K to buy a $1M business that can pay you $200K.
Lots of naysayers, and also lots of curious people.
So here's an actual deal that meets this criteria (currently on BizBuySell).
Let's talk about how we can buy it!
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4. Make sure your family can support it. Do not lose your family over a business.
5. Faith got us through, Praise God!
AMA!
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@AmericanProtago
@sweatystartup
Parenting absolutely does not require permission. Parents are going to do right things that seem unpopular at the time, but they can't let popularity dictate choices
Also:
Don't be a dictator
Don't be an A hole
Don't disrespect your spouse
Don't be judgmental
Don't be passive
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Radio ad tonight in Seattle for Seatown plumbing...
$6,000 signing bonus
Free vacation cruise for 2
Make $140,000/yr
Big brand campaign on TV, professional marketing. Going big.
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Ok which one of you was using the company plane in Jackson Hole today?
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@jontalton
Talk about a poor example to try to make a still unknown point. Btw that place sucks, it looks like a crappy hospital cafeteria
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BOOM. Got the house. Can't believe it came together and we are again homeowners. This is a game changer, moving in one month!
Glory to God. We are imperfect works in process, living in faith with His grace and strength in all circumstances
🙏
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Who wants to hear about pre-underwriting a coin laundromat?
Ok ok everybody not at once, calm down....I'll get to your questions :)
But first, why laundromats?
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@Wildlaw406
Eh I guess it depends on the medical provider
Prep: drink 2 bottles of miralax and electrolyte water. Busy every 2 hours from 9pm to 7am
Show up 9am. Go to sleep. Wake up 30 minutes later, go home, kind of tired rest of day
Better to know, small price to pay
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@mcuban
@SenSchumer
@marcorubio
@stevenmnuchin1
@SpeakerPelosi
Thank you Mark! Please run for President and I'll gladly jump on your team!
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@AnthonyLeeZhang
Easily misunderstood topic. Appraisers are asked to support a valuation not determine market value. Market value is determined in an arms length transaction between two parties.
Put simply:
The property sold for X. Is it worth that?
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@girdley
You forgot that GenX has the best music taste
And on any given road trip, GenX owns the A/V cord decisions
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We all got the sewer district we didn't even know we wanted, or needed, for Christmas
If you're feeling alone, down, depressed, or otherwise in need of some holiday cheer, give them a call
Seriously
just a phone number, a voicemail, and a whole lot of emotions.
216-361-6772.
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@SportsCenter
@notthefakeSVP
@GardnerMinshew5
I'll take a guy who scrapped his way up the ladder over a favored son any day of the week. Congrats Gardner, from a Husky, keep doing your thing man!
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@micahjay1
Agency, knowledge, relationship, and negotiation skills.
When I hear complaints its usually from an experience with a poor agent who fumbled their way into a 5 figure paycheck
Good agents routinely earn their commission
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@XavierHelgesen
@Levijameshere
I heard this from a restaurant owner whose business thrived "we had to take the money, its free, we'd be stupid not to"
But they didn't require anyone to take the funds. You had to attest that funds were necessary to save jobs and document with payroll
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@Camp4
@drgurner
@NellFrizzell
Trust which is built on safety. And love which is patience, kindness, doesn't brag, doesn't boast....
We can be completely vulnerable, transparent, flawed, forgiving when we live in trust and love
Literally everything else is just details & none of it matters in the end
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@RSherman_25
You guys literally learned how to rugby tackle. I like the hits, it was a great hit. But seriously, he had other options.
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Pro parenting tip: teach your kids how to talk to people in person and on the phone
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@ShaanVP
Careful throwing shade when you already made your nut. Just saying. Let people do what they gotta do.
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Went out to dinner in downtown Seattle tonight!
Walked downtown with hundreds of people!
Vibrant nightlife on a cold night!
And....it wasn't a 3rd world country
Stop watching the bad news and enjoy life!
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Driving 90 minutes to sign docs at the escrow office this morning
Then to bank for wire transfer
Archaic process
Doesn't matter. Sunday morning we'll wake up to this
Eyes on the prize
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Fairly frustrated with my CPA, feel like I'm getting the small fish treatment
I am a small fish
But circumstances changing and I need strategy help
Other than
@baldridgecpa
is it reasonable to expect CPAs to be strategic?
Or are most of them just doing the books and raking $
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Cautiously stoked...submitted an LOI for a self storage deal tonight, fingers crossed!
@sweatystartup
thanks for educating and inspiring us, might be booking a meeting soon!
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5 Lessons learned (of many):
1. If a startup/small SMB, you need enough emergency $. Projections don't always play out
2. Use debt wisely before, during, after the buy. Good debt is your friend
3. Be prepared for anything. Spouse income, disaster, it could happen!
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Home rehabbers, what do you do with this aggregate concrete floor?
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@SamtLeslie
Schedule is booked months in advance, but day to day do whatever they feel like doing
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@LeadershipAcad1
Dirt. Piles of dirt. King of the hill, bike jumps, Tonka trucks, mud pies, dirt clod fights, army guy battles, build tunnels, rivers and dams, race tracks
Just plain dirt, and lots of it
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@GuyDealership
We've done this with our last 3 cars. 2 of them were 60+ days on the lot.
It was basically "I know your finance team wants to go home and see their family. How bout I take this off your hands since nobody else wants it. Here's what we'll pay. You have 5 minutes"
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Tomorrow 9am Pacific I'm going to do a call re buying a business using your 401k or IRA, from a buyer / operator perspective
Prob won't be at 600 followers by then for spaces so I'll post a Reslash link to join
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Since power Dad moves against video games are the meme du jour...
Beware your desire to impose your will on your kids. Be. Freaking. Ware.
Meet your kids where they are, and share then shape their world or reap the consequences when your hard lines bite you in the ass
There will never be a video game console in our house.
Grew up with 2 gamer bros. Begged them daily to come outside and play catch. They never did.
Wife's wedding present to me many years later was 2 mitts + baseball with a note:
"Now you'll always have someone to play catch…
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Self employed people take note. You are discriminated against by the mortgage industry in the name of underwriting risk
Before you leave a job and start a business:
1. Buy that house
2. Get that HELOC
3. Clean up your junk debt
4. Curb junk spending
Prepare yourself!
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"Honey, we can't move in because there's a fricking eagle eating a salmon"
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@innesmck
Respectfully, Washingtonians don't confuse Leavenworth with Munich. We see it and like it as a touristy thing. That's it. Looks like you have a lot of angst or hate or need for validation or something that just needs to be expressed so it's probably good for you to get it out.
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This is an amazing photo
And look at this guy, what a badass!
I've restored this original colour autochrome from 1926, taken at the proposed site of the Little Bighorn Battlefield National Monument in the Crow Indian Reservation, Montana. The chap on the right (named Curley) was one of General Custer’s scouts. (This isn't colourised).
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I'm anxious to move forward. Been anxious since I sold my business last Dec. Going to share a little...
2021 has been 4 things:
1. Working at startup (low W2, +RSUs)
2. Interviewing for big W2 jobs
3. Learning on Twitter
4. Emo rollercoaster
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@DonaldRichard
People busting on this tweet should try living on 50k/yr
Don't know what this gent was making prior but doesnt matter
Check yourself if you're telling another person what to perceive as life changing money.
Especially if all your basic needs are currently met and then some.
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@SMB_Attorney
Dude you had Colorado on the rise early in the year, maybe sit this one out and watch a few more games
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No words other than this is terribly tragic and beyond devastating for Artem's family and friends
My family suffered, we lost all we had owning a business. The pain is severe
Don't lose hope. If you're suffering & feeling helpless, let go of it, call someone, please. There is…
Am writing w incredibly sad news:
Our friend
@ArtemTepler
is no longer w us.
Will post a link to GoFundMe below to help his partner & young daughter. Hope you will join me in giving what you can.
Pls like, RTs, etc. for distribution, so we can raise as much $ as possible.
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Yet another absolutely embarrassing game by the
@UW_Football
coaching staff. The kids, fans and alumni deserve better leadership
Time to clean house
@amcauce
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@privateinequity
@girdley
Can look back at his account, over 2-3 years, going from "wow the connections are cool, to holy crap this is overwhelming", to brainstorming and then executing ideas to professionally scale knowledge transfer
He's already given away a ton of info, incredible value for free
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Call me before you buy a print business. Might be an amazing business for you
I can tell you some of the things you'll need to be successful, and some of the things that can kill you
But nobody else is going to have a brutally honest conversation with you like I will
Im looking at buying a building with a really good looking print shop in it. 40 employees, very clean, brand, new, lots of long-term contracts.
I kind of want to buy the business too.. Does anyone know anything about running a commercial printing business?
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Watched Margin Call on Netflix last night
Good flick
Not sure why but I've always been a sucker for suspense thrillers about the secondary mortgage market
I blame Michael Lewis
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@MarcGoldwein
@NGrossman81
Do you have a fraction of a clue how much money it costs to just exist in the USA?
The country and the world are not made better by billionaires getting richer. Would be much better if the bottom 50% were lifted up and the millionaires kept allocating capital into the economy
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@housleyd
Sold my business. Retooled my skills. Worked my network. Got a job at Amazon. Bought a house.
Rebuilding at 52 is fun!
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Debating writing a thread on getting hired at Amazon/AWS
Thought too far outside my followers interest BUT
Amazon's process is light years ahead
Some lessons for:
Using leadership principles
Data driven
Professional recruiting
Job searchers
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Buyers came back in fall and said let's do it
So we did it
Finished the year down 15% from previous year
Here's the handoff in January!
I had A LOT of fun, so many amazing customers, hired & developed some amazing people
Couldn't have done w/o my wife. Kept our marriage!
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@Softykjr
This is on Jen for rushing to hire Jimmy. His poor judgment led to Donovan.
You don't take a crown jewel coming off great seasons and hand it to someone for their first job.
Jimmy's a nice guy but he's in waaaay over his head
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This guy said yes when I asked to marry his daughter 26 years ago
He doesn't remember but that's ok
We are looking out the window at birds
Call your parents
And cure Alzheimers
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@justindross
@eade_bengard
How many boxes of cables? I'm down to 3 crates
Had enough telephone line to build an undersea cable to Hawaii
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It's been a heck of a year!
Back to Corp work
@AWS
(love it)
Bought a house & moved
Found new church
Empty nested (all 3 kids moved out)
Saw Jack White and the
@ChiliPeppers
Did 230 crossfit workouts
Lost 20 lbs
Did a big remodel project w my wife
Skied
@Snowbird
2023 Goals?
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Always available to anyone who needs help w SMB (or other)!
Continuing (as a volunteer now) in helping more people enter the cybersecurity field through our Tradecraft program!
"And let us run with perseverance the race marked out for us” (Hebrews 12:1)"
Thank you friends!
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@Jack_Polivka
Thats too long. Talk to an atty asap re a separation agreement with consideration in return for limited non compete & non disparagement
Pay 2 weeks severance. Do not let near computer. Handle with dignity
Your team is watching
You have a hole to fill
The clock is ticking
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@JamesClear
3 things you never want your business to depend upon: friends, family or the government.
Great to have their support but can't be your lifeline.
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@shawngorham
You have to talk about everything in a marriage. If you want complete intimacy and trust, then its all on the table
That's some of the 'hard work' that people refer to in abstract
Incredibly hard sometimes but the alternative is either slow or fast erosion of trust
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