The Bitcoin Woodworker \ stacker news ~bitcoin

4480 sats \ 6 comments \ @thepeoplecentric 7 Feb bitcoin

I work as an Ecommerce Manager for a mid-size woodworking distributor that got acquired last year by a massive multi-national private corporation (the parent company is a large global industrial distributor across multiple verticals).

I want to accomplish four things..

launch a new ecommerce brand/property strictly focused on Bitcoin and woodworking
hold Bitcoin as a treasury asset
accept Bitcoin as payment across multiple website properties
illustrate success in woodworking vertical and expand into the other verticals of the parent company

How do I convince mgmt that this is a good idea and get buy-in from the c-suite? And what Bitcoin companies/products in the ecosystem should I incorporate into this plan for execution?

Does anyone have experience with this style of orange pilling / orange implementing? 🍊

TY!

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1420 sats \ 2 replies \ @k00b 7 Feb

How do I convince mgmt that this is a good idea and get buy-in from the c-suite?

The single most effective thing you can do is provide evidence (the harder the evidence the better) it'll make them more money than it will cost them.

And what Bitcoin companies/products in the ecosystem should I incorporate into this plan for execution?

Quite a few bitcoin payment companies offer plugins to major ecommerce sites. If you are comfortable self-hosting the payment stuff, BTC Pay Server seems to be the standard.

121 sats \ 0 replies \ @kr 7 Feb

+1 on bringing evidence of profitability (or at least a well-researched hypothesis showing others are seeing success) to management

0 sats \ 0 replies \ @thepeoplecentric OP 7 Feb

Any links to particular research studies that could be relevant to a private corp? For example, should I be looking at Microstrategy quarterly reports or something like that?

100 sats \ 0 replies \ @fm 8 Feb

My 2 sats..

Point number 2 is a risk that can cost your neck and the CFO neck.

If you where a tech company the picture changes a little, but i imagine you dont operate under huge gross margins.. Having a normal ebitda you can wipe years of work with a good drop.. Remember it went from 60 to 14K? The last year was pretty good.. No matter when you buy, next month you make a profit.. But, its not safe to say we wont have more huge drops again.

Im not sure about point number 1 either.. "Why bitcoin only? Doesnt this narrow a lot your custumer base?