[Noisebridge-discuss] noisebridge credit line - cashflow cushion / lasercutter
aestetix at gmail.com
Mon Jan 10 16:35:16 PST 2011
Nobody's asking you to do that. In fact, we tend to encourage positive and
However, we are a community, and we work together. When you join a
community, especially one that has been around for a couple of years, it's
polite and respectful to ask questions about how things work, and why they
work the way they do.
We generally don't work well when others try to impose authority on us. We
work well when people create their own authority within themselves, and do
things. For example, rather than saying "Noisebridge, you need a line of
credit!", it might be a good learning experience to ask our treasurer if we
have one, and if not, why. If it turns out we actually would benefit from
one after all, then perhaps going and making it happen, and then reporting
to the list "Hey, after talking to the treasurer, we decided to create a
line of credit! Here's how it works, and how you can participate!" would be
excellent, in my opinion.
I realize it might not make much sense, but that approach does work, and
Noisebridge is a great place to practice it.
On Mon, Jan 10, 2011 at 4:26 PM, Patrick Keys <citizenkeys at gmail.com> wrote:
> [blahblah money blahblah]
> Telling new people to Noisebridge to sit on their ass and observe for
> several months before commenting is ridiculous. And instead of
> attacking me all the time, it might be best to just run the business of
> Noisebridge (yes... noisebridge is a business - a non-profit business)
> in a business-like manner.
> [more blahblah]
> On 1/10/2011 4:16 PM, Dr. Jesus wrote:
> > So talk to the treasurer, head over to the bank, and set it up? Is
> > there some reason why you had to send this to the list?
> > On Mon, Jan 10, 2011 at 3:59 PM, Patrick Keys<citizenkeys at gmail.com>
> >> 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.
> >> Patrick
> >> _______________________________________________
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> >> Noisebridge-discuss at lists.noisebridge.net
> >> https://www.noisebridge.net/mailman/listinfo/noisebridge-discuss
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