[Noisebridge-discuss] noisebridge credit line - PLS READ BEFORE RESPONDING
rachel at xtreme.com
Mon Jan 10 16:13:34 PST 2011
Patrick, please go back and read all the emails from people telling you
How To Get Things Done At Noisebridge.
Hint: it's NOT emailing the list to say, YOU SHOULD DO THIS THING.
Try again with this idea once you have digested that advice.
Maybe the list will pretend it didn't see this email and not flame the
hell out of you AGAIN. Let's do that, all! Flaming Patrick is really
Patrick Keys wrote:
> Noisebridge needs a corporate line of credit at the bank.
> Here's how any business with any sense would do this:
> 1) Make an itemized list of all the expensive stuff you already have
> here. Those are called fixed assets.
> 2) Take your average bank balance. That's a liquid asset.
> 3) Use the assets as collateral for the line of credit.
> 4) Use the line of credit to increase assets and manage cashflow.
> Go to the bank and get a credit line. The best time to get one is when
> you don't need it. Use the credit line for emergencies, like the risk
> of eviction. Also use it to attract more people here by buying cool
> expensive toys, like the laser cutter.
> Instead of paying for the laser cutter all at once, you buy it on a
> lease-with-buyout-option like Josh mentioned. That lets you spend less
> cash upfront and keep that cash to manage your cashflow. That extra
> cash pays the rent, keeps the lights on, and keeps you from having your
> back against the wall whenever the bills come in.
> Seriously... go get a damn credit line already.
> Noisebridge-discuss mailing list
> Noisebridge-discuss at lists.noisebridge.net
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