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The Knack for Getting Money


Some good discussion in this thread at Hacker News about how to evaluate people with a business skillset if you've got technical skills already.

I reckon "a knack for getting money" is probably the most key thing to look for in a businessperson. Some people have a knack for getting money.

All the business skills in the world without the knack for getting money doesn't fly. Well, maybe for employee #7,632 once a company's made it. But not for starting something up. You need to hustle and get money of some form real fast early on. A business guy who can't get money is probably worse than useless - if he wasn't on board, you'd be worried about solving the money problem yourself. But since he's supposedly the business guy and seems to be doing business guy stuff, you think things are cool. But things aren't cool. Go long enough without money, you die.

That's bad.

So, where do you get a knack for getting money? We're not born with it. It's acquired through action somehow. What's it take?

How Much Would it Cost to Buy Newcastle United?

On Save Newcastle

An article I read in the daily mail from June of 2013 suggested Mike Ashley was hoping to sell the club for £279 million. This got me wondering if that was a realistic sale price? Is Mike Ashley asking for too much, or is he asking for too little?

If the fans are going to develop a successful plan to purchase the club or a portion of the club from Mike Ashley it is important to have realistic targets. I am going to go through some details and known facts below to try and get a ball park range on the cost to buy Newcastle United.

Mike Ashley Purchase Price:

According to most reports Mike Ashley purchased the club for £134 million. After purchase he has loaned the club around £140 million to pay off the clubs debt and pay for the additional cost of relegation. According to the NUFC fan forum £11 million of that debt has been repaid. This brings his current total invested cost to £263 million (£134 million purchase and £129 million in interest free loans)

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