I have been trying to get my family bakery to adopt bitcoin (no avail so far 🤦🏻♂️) we are a 5th generation business but we are growing slower than inflation which I know will slowly (them quickly) kill us. The business will just get a bit shitter for all involved as we have to either take on debt to grow or the money we make doesn’t go as far. Without Bitcoin I don’t think we will survive (on our current business plan - which is making delicious artics products) sadly the margins are too low, the growth is hard won and the product is labour intensive. This in itself shouldn’t be a problem for running a good business that provides for its staff and owners but with the inflation hurdle rate being set so high we can’t keep up. In say 1 out of 3 years we might make more profit (after tax 🤦🏻♂️) that beats inflation but there are always difficult years where we don’t. Then it’s just a matter of time.
If we put Bitcoin into our business it would do a few things. 1) build value that grows faster than we can make in our current business.
2) make us more prudent with our capital. We are guilty of wasting money trying to do things to grow the business that fail. We should really just do what we are good at and let Bitcoin help us the rest of the way.
It’s very simple in my mind but not to them 🤦🏻♂️
I will keep trying though
thebitcoinchef / The Bitcoin Chef
npub1h5…sc68a
2024-12-30 19:19:10
in reply to nevent1q…dncv
Author Public Key
npub1h5y464s5luy8fctwxgqrzhae2lazhx46nenvn8t4hqay96xu2cfsqsc68aPublished at
2024-12-30 19:19:10Event JSON
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"content": "I have been trying to get my family bakery to adopt bitcoin (no avail so far 🤦🏻♂️) we are a 5th generation business but we are growing slower than inflation which I know will slowly (them quickly) kill us. The business will just get a bit shitter for all involved as we have to either take on debt to grow or the money we make doesn’t go as far. Without Bitcoin I don’t think we will survive (on our current business plan - which is making delicious artics products) sadly the margins are too low, the growth is hard won and the product is labour intensive. This in itself shouldn’t be a problem for running a good business that provides for its staff and owners but with the inflation hurdle rate being set so high we can’t keep up. In say 1 out of 3 years we might make more profit (after tax 🤦🏻♂️) that beats inflation but there are always difficult years where we don’t. Then it’s just a matter of time. \nIf we put Bitcoin into our business it would do a few things. 1) build value that grows faster than we can make in our current business. \n2) make us more prudent with our capital. We are guilty of wasting money trying to do things to grow the business that fail. We should really just do what we are good at and let Bitcoin help us the rest of the way. \nIt’s very simple in my mind but not to them 🤦🏻♂️ \nI will keep trying though ",
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