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^^^ Hey, don’t forget Trump Vitamins! 😝
Anybody who thinks that the GOP is good for the economy probably went to Trump University.
Just sayin’...
As for this month’s biggest economic news, growth is back...
U.S. GDP accelerated at 2.6% pace in Q3, better than expected as growth turns positive
Don’t fuck things up by voting for Trump Republicans. We’re finally recovering from the way Trump botched the handling of the pandemic and caused everything to tank.
#donald trump#business failure#bankruptcies#trump university#trump casinos#trump vitamins#trump republicans#gop recessions#the economy#republicans are bad for the economy#lauren boebert#gdp growth#election 2022#midterm elections
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Why Most People Fail in Business: A Comprehensive Analysis
Stories of success in the world of entrepreneurship tend to mask the brutal reality of failure. The path to riches is not without its challenges, even though many people set out on it with grandiose dreams. Insights gleaned from extensive market research shed light on the reasons why most individuals in business fail.
A key component that is often absent from business failures is insufficient…
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#Business Failure#Effort in Business Continuous Learning Competition Awareness Strategic Foresight Preparation in Entrepreneurship Business Growth Strategies#Entrepreneurship#Mark Cuban#Success Factors
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5 unavoidable signs a business is failing |last one will shock you!!
Imagine you have started a business and worked very hard to make it a million-dollar company and after a few years, you notice your company is failing.
You are facing multiple problems like your revenue is decreasing, customers are shifting towards the competitors, and investors are not funding you anymore and you will be wondering why this is happening to you even though you have done everything right.
We have seen many famous businesses or brands like Blackberry and Blockbuster that were very popular at one time but due to ignoring signs of business failure, they went down the drain.
There must be lots of questions coming into your mind right now like what are the signs, why businesses fail, and what are the solutions to avoid failure.
Don’t worry!! In this article, we will cover every aspect of business failure and its signs with perfect examples. Read more
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Failing Forward: Navigating the Ups and Downs of the Entrepreneurial Rollercoaster
Facing failure is an entrepreneur's rite of passage. Learn to navigate the grief, reframe setbacks as growth opportunities, and leverage support to rebound from failures, turning them into strategic stepping stones for future success.
Let’s have a heart-to-heart, entrepreneur to entrepreneur. Sometimes, despite the pep talks and the late-night grind, failure creeps in. It’s the uninvited guest at the party, leaving a mess in its wake, and there you are—left with clean up duty. It’s rough. Forget that – it’s brutal; but here’s the thing – feeling the full weight of that disappointment? It’s not just okay; it’s…
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#business failure#business mistakes#business success#entrepreneur#entrepreneur failures#entrepreneurs#failure#grief#mistakes#Small Business#small business tips#small business tools
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The Truth About Failure: It’s Not the Opposite of Success
Not knowing how to become success? Feeling stuck with failures? Read the real story and Learn to success immediately using your failure.
Divine trials are reserved for those endowed with the audacity to defy them, not for those who surrender. Refrain from asking the heavens why victory eludes you while favoring others. Instead, immortalize your setbacks, sharing them as testaments of resilience.
Through this, you’ll inevitably unravel the threads of triumph unique to your journey. And if perchance you don’t, your readers will…
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#business failure#depression#failure#fear of failure#happiness#learning from failure#life#life lessons#self improvement#success#success story of failed#writing
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The economy, innovation, and the creation of new jobs are all driven by entrepreneurs who found new enterprises. But two out of three of those new enterprises fail within a decade, and half of them fail within the first five years. How do you join the 33% of startup companies that survive over the long term? You achieve this by avoiding a lot of the typical problems that force business owners out of their businesses.
Here are 10 typical reasons why start-up businesses fail:
J. Blake Smith Arkansas is a successful businessman who shares the most crucial information. How can you achieve your goal using these steps? You must do these things for your business to thrive.
1. A lack of resources
Let’s start with the most basic and obvious reason why any business fails: a lack of funding. Many businesses fail before they ever get off the ground. because they lack the capital required to run a new firm. Whether they choose to self-finance, get a bank loan, or use the “Shark Tank” strategy and recruit partners and investors,
2. Lack of market knowledge
Who are your customers? Who are your rivals? What price range will your target market accept for your goods or services? To operate a successful business, entrepreneurs need to be able to respond to these and many other questions about their market. You will be doomed to failure if you don’t comprehend who your customers are, what they want, and where else they may buy it.
3. Visual Impairment
A good leader not only has a vision but also communicates that vision to others in a way that inspires people to join you on the trip. Because they lack clear success criteria along the way, businesses without well-thought-out, long-term and short-term goals will fail.
4. Taking on too much at once
Speaking of objectives, as the proverb goes, neither Rome nor Amazon, Google, or GE were created in a single day. A startup may be setting itself up for failure if its goal is to become a Fortune 500 household name within a year or even five years after its launch.
5. Making an effort to please everyone
According to J. Blake Smith’s Arkansas analysis, many start-up companies add goods or services that they are not experts in to make a sale or chase after cash. Companies that understand their strengths (and weaknesses) and stick to them outlive those that try to be all things to all people.
6. Insufficient Marketing
Even with the best product or service in the world, you won’t be successful if no one knows about it. You must spread the word about your brand and the advantages of your company. You won’t be successful if you can’t connect with your audience.
Word-of-mouth advertising is among the best methods of marketing. It is a sort of promotion that is generated by happy clients. What makes it so effective? The majority of consumers are more likely to trust a referral from a trusted friend or relative than any advertisement or marketing tactic.
7. Lack of Organisation
The adage “If you don’t plan, you plan to fail” is one that we have all heard. Poor planning results in execution that falls short of expectations. It’s not necessary to make a strong business strategy too elaborate. Knowing and creating a strategy around your business, your product, and your competitors are all that is necessary.
8. Refusing to Take Constructive Criticism
Use constructive criticism as motivation to improve. Business owners take offense at criticism because they are sentimental about their enterprise. Without failure and mistakes, success is impossible. Entrepreneurs must take criticism to heart and learn from it.
9. Lack of delegation
Some proverbs are the demise of delegation for business owners. Entrepreneurs are self-made; “If you want things done, do it yourself,” and “If it’s going to be, it’s up to me” are a few examples. Many business owners begin as “one-person shows,” and some of them can be successful in the beginning in this way. But when a company expands, you need a solid group of people who can work together to achieve the firm’s goals.
10. Disappointment
As J. Blake Smith Arkansas as an experienced businessman, says, entrepreneurs who do not have the proper assistance may soon burn out. and lose their motivation and passion, which is related to not delegating. Most of the time, starting a business is a 24/7 job, and if you can’t find ways to lessen that burden as you expand, you’ll never be able to do it for very long. Entrepreneurs are the only people who will work 80 hours a week to avoid working 40 hours a week, according to Lori Greiner of Shark Tank.
There are many factors that cause new enterprises to fail. It’s difficult to launch a new company and scale it in the long run. for a variety of reasons, including those mentioned above that are encountered.
#j. blake smith arkansas#joseph blake smith#blake smith ar#joseph blake smith arkansas#business#business failure
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New Post has been published on https://cryptonewsuniverse.com/a-beginners-quick-start-guide-to-the-customer-journey/
A Beginners Quick Start Guide To The Customer Journey
If you are new to business and online marketing, welcome! I know from experience that it can feel both exciting, yet overwhelming to know where to start. This article shows you how to get off the mark with the customer journey to your first few clients. It will address three core reasons why businesses fail as it relates to the customer journey. The three areas are, no product to market match, no compelling offer, and lack of funding. It will also cover some free and low cost assistive tools for online deployment.
Business Failure: No Market to Product Match
Before looking at all the bells and whistles that might comprise your marketing resources and essential toolkit, it's important to take inventory of what you are looking to bring to the table through your gifts and talents by way of a product or service. Having determined that, who is your target avatar and how does your product or service fit with the market?
Research
Since a no product to market match is one of the cited reasons a business fails in the first few years, it is important to avoid the temptation to second guess the market. Let the market give you the feedback.
Step 1 – Collate
Compile research on your topic area from both a market data and educational perspective. Look at opposing viewpoints too. A simple free tool to start is to use your google browser to type in a buyer keyword to see what people are predisposed to buying in your category. Artificial Intelligence has also developed free tools such as SIRI and Google Voice. Google Keep and Evernote are valuable tools for capturing information.
You could also use social media sites such as facebook, linked in and google ads, or you could use special interest forums. Alternatively you can use sites like Fiverr or Upwork as a low cost way to get your research off the mark.
Step 2 – Engage
It's important to speak to your target market, in order to further test how your product or service will meet their needs. This will help you develop and refine your offer as you customize for an optimal fit. You can use typeform or google forms as a free tool to compile a brief survey. You could also print your form off and do this informally in your community or at your local business event. If you want to gather survey data on a more global basis, you might want to consider survey monkey as a more specific alternative to social media ads. This is a paid service.
Bear in mind that any data and research will form part of your marketing collateral later. Here is a free guide on how to create a lean canvas, which is a streamlined one page diagrammatic layout for your business model with research tips, by Ash Maurya. Keep it simple.
The Customer Journey
The whole process of sales and profits is not simply about how good your product is but also about the prospect you foresee becoming your customer. So it pays to understand the journey of sales from their perspective, not just yours.
Source Image: Customer Journey
For example there are various models which give out a structural formula from your perspective, and the most common one I see is the AIDA formula, which stands for Awareness or Attention, Interest, Desire and Action. That is client acquisition from your perspective, so you may wish to consider a more expansive process that covers the relationship from initial awareness to what it would be like to have a long term customer who is happy to espouse your services to others.
It is worth taking the time to profile your client as that will give you a depth of understanding which will enable effective communication as you create touch points. Psychographics is the term often used to describe this activity, where you examine attitudes, buying behaviours, desires etc.
Touchpoints
Touch points are the various ways in which you will communicate and educate your prospect throughout the customer journey. This may include email, direct messaging, business events and phone conversations. They will take on board the demographic profile of your prospective customer too. Demographics are to do with location, job, income for example.
If your solution is solving a problem a potential client does not even know they have, education is going to be a key part of your communication process. Bear this in mind as you move forward. Touchpoints should be a secondary consideration to building on the foundation of understanding your customer, as Mckinsey & Company conclude.
“We found that a company’s performance on journeys is 35 percent more predictive of customer satisfaction and 32 percent more predictive of customer churn than performance on individual touchpoints. Since a customer journey often touches different parts of the organization, companies need to rewire themselves to create teams that are responsible for the end-to-end customer journey across functions.”
McKinsey & Company
You can create a visual template that maps out the customer journey using free tools such as mural. Or you could use microsoft dynamics. Here is an example of a simple design overview.
Source Image: Customer Journey Template
Education
This is an important factor and needs to be done in a way that rather than simply persuade, will help your prospect make an informed decision. This means including the benefits but also the downsides, or who this is not for. This approach helps to build trust, which is at an all time low in general. So be willing to take the time to build trust. An automated way to educate your prospects in a drip feed manner is by the use of an autoresponder. This way you can pre-sequence and deliver content at a reasonable pace.
Autoresponders do not come cheap and increase as your audience grows. The only exception to that which I found is trafficwave.net which keeps a consistent low price regardless of audience size. Better still is Markethive’s free autoresponder which has a one click sign up facility and great deliverability. For a walk through on the setup of this autoresponder watch this video tutorial.
You can combine that with a medium to educate your prospects such as live events or video. You can use audio too if you are camera shy but video is best in a world where trust is at an all time low. Education is where you get to showcase your expertise as to how your offer will significantly benefit your prospect. This may happen in an experiential online or offline event.
The more you can show rather than just tell, the better. You want your prospect to be able to experience a different future as a result of purchasing from you. Assistive free tools you can use are zoom’s video conferencing tool to interact, which is free to use for 40 minutes for a maximum of 100. You can also record videos too. OBS is a free video and live broadcasting tool which you can download to your computer and create educational content too. Markethive will shortly be coming out with its own inbuilt video conferencing in due course as it comes out of beta. So watch this space.
Business Failure: No Compelling Offer
When you offer your product it is important that it is a compelling offer, otherwise you will fail on execution. This is where proof of concept comes in.
Proof of Concept
Proof of concept is where you get to test the viability of your product or service through confirmed sales, prior to a full launch. This may come in a break even or beta form, where you give a discount in return for your prospects trial of your offer, and their video feedback for example.
The results can become part of your marketing on a bigger scale later. In the meantime, it is important to bring clarity and confidence to the prospect if they are to buy from you. While it is possible to conduct sales manually, you will also need to consider an online website and payment structure.
When it comes to websites, your choice will depend on your business model. You could use a simple lead capture page to start with, which will allow you to integrate your chosen autoresponder. Markethive also offers free capture pages. WordPress is a popular free drag and drop website platform with free themes which shape the look and feel of your site.
You will need a domain name and hosting for your website if you choose this route. You also may need to acquire a bit of technical knowledge to put it together. Here’s a tutorial. A less usual but cheaper and faster alternative is amazon S3 web buckets. Canva is also a great free resource where you can use templates to build websites and create graphics to get started.
For a cottage industry, you might prefer to start with a low key way to test the water and build community so one option might be Buy Me A Coffee, which has less of a corporate feel, and where you can connect to a payment provider called Stripe. For payments in general, you can always use paypal, stripe or wise, both of which have an invoice feature, and are global providers.
Business Failure: Insufficient Funding or Lack of Capital
This is a common reason for business failure and many funding attempts fail and are unable to compete with global corporations. However, If you construct your business plan in the manner described in this article, you will stand a better chance because you will have demonstrated a compelling offer to market match.
New funding sources are emerging all the time yet many of the conventional ways still are not working for entrepreneurs. Creativity is needed and it may be that you start simple with a self-liquidating approach where you use a skill as a side hustle to acquire cashflow for your business.
Another consideration that has serious merit is Markethive. Markethive is an example of an innovative ecosystem which has overcome the product to market match, has a compelling offer and a funding solution for the new and existing entrepreneur, in action.
Firstly, Markethive is meeting a demand in the markethive place with a compelling suite of offers in both free and paid membership. Built from the ground up, it is now powered by the blockchain as a social network and inbound marketing ecosystem combined, with free and cost-effective tools to help level the playing field for the entrepreneur just starting out.
If you need to acquire marketing tools to reduce costs, you get at least $2000 worth of that in the free membership alone, including an autoresponder and lead capture pages to name a couple. You also get rewarded for contribution to the platform. When it comes to cash flow its unique ILP offer [initial loan procurement] provides a paid subscription which gives you even more tools while sharing in the profits of the company as the company grows.
This unique offer is shortly to expire, so check out all this ecosystem has to offer and see where it might fit your needs. It was built for you. Consider how it will help you future proof your business.
Launch Party
When you finally launch your offer, celebrate! Consider having a launch party where you create a special offer for first time customers. It is no mean feat to have created an offer to market match and one that is compelling. You have set your business up for success! Although this article has addressed how to get off the mark, the sale is just the start, and it will bode well to remember that.
How you nurture your client, so that they become a returning customer, where appropriate, is going to be down to how you nurture and support that relationship, as well as the value-added improvements you make to your offer. You will also need to consider how to scale and automate key parts of your business, such as social media content sharing so you can focus on your expertise.
Also remember to continue to communicate with those who did not purchase. Many buy later in time. Lack of follow through is also responsible for lost sales. According to one report 60% of customers reject offers four times prior to an eventual purchase.
On a final note, the beauty of surveying prospects is that they too can become a part of the journey of your compelling offer, helping you to craft the perfect offer through their feedback. This makes them more than a purchaser, someone who has become part of the creative journey and solution. They are your community, the ones that are likely to act like your marketing arm or ambassador in the future. Look after them and your business success will increase.
About: Anita Narayan. (United Kingdom) My life's work is about helping individuals to greater freedom through joy and purpose without self-sabotage, so that inspirational legacy can serve generations to come. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.
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Why you need to change your attitude towards failure
Why you need to change your attitude towards failure
Opinions expressed <em>Entrepreneur</em> their contributors.
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<div>Whatever we do, it seems that most people are attracted <a href="https://www.entrepreneur.com/topic/success" class="auto-tagged ga-click ai-metadata" data-ga-category="autotag-linking" data-ga-label="ai-metadata" data-ga-action="/topic/success">success</a> - as they are <a…
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Donald Trump has no qualms about ripping off his own supporters. Remember Trump University and Trump Vitamins? 🤨
Since Election Day in 2020, Donald J. Trump and his close allies have raised more than $390 million through aggressive fund-raising solicitations promising bold political actions, including fighting to overturn his re-election campaign defeat, helping allied candidates win their own campaigns and fighting “to save America from Joe Biden and the radical left.”
Instead, Trump has been burning through that boodle to save himself from bankruptcy and keep up appearances.
In reality, though, campaign finance filings show that much of the money spent by political committees affiliated with Mr. Trump went toward paying off his 2020 campaign expenses and bolstering his political operation in anticipation of an expected 2024 presidential run. As of a few months ago, $144 million remained in the bank.
Trump knows his challenges to the 2020 election are bogus. Only drunks and lunatics like Rudy Giuliani tell him otherwise. But The Big Lie has been useful in helping him raise money from clueless followers.
Representative Zoe Lofgren, a California Democrat who led the committee’s presentation on Mr. Trump’s fund-raising, suggested that his allies continued their futile legal challenges to the election because they needed to justify their fund-raising.
Trump has his Mar-a-Lago palace and collection of golf courses to maintain. His other sources of income have largely shriveled; he’s even selling off his DC hotel. So “stop the steal” provides him with income.
Trump even refuses to pay the bills for police protection at his rallies. One city had to send debt collectors after him.
City of Albuquerque refers $211K Trump campaign bill to collection agency
He was never the financial genius he claimed to be. That public perception of him being a success in business comes from the scripted TV shows The Apprentice and Celebrity Apprentice. In real life he was a business fiasco.
Column: A lengthy list of Trump’s disastrous business deals — compiled by his newest business partners
Of course Trump had no problem finding $60,000 to pay to Kimberly Guilfoyle, the girlfriend of Donald Trump Jr., for making a few forgettable comments at the pre-coup rally on January 6th.
"MAGA inc is laughing at you": House Republican calls out Kim Guilfoyle's $60,000 payday for Jan. 6
If The Donald hadn’t inherited a big sack of loot from his equally corrupt father then it’s unlikely he would have had the ability even to successfully operate a bodega in Queens.
The only thing Trump is truly good at is scamming people. He continues to do that to this day.
#donald trump#grifter#scam artist#the big lie#bankruptcies#business failure#fund-raising solicitations#kimberly guilfoyle#the apprentice#celebrity apprentice#trump university#trump vitamins#zoe lofgren#select committee to investigate the january 6th attack on the united states capitol
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Vlads secretary recently quit in the middle of Vladco having a minor business expansion into Gotham and now he needs to hire a new one.
The bats are currently investigating one Vladimir Masters after he started to bring his business into Gotham. They’re very interested in the suspicious nature he acquired his wealth. Maybe it’s time to forge some resumes and bust out some old identities, Tim still has that blonde wig after all.
#dp x dc#dp x dc prompt#tim drake#vlad plasmius#Tim would immediately be judging all of Vlads poor business decisions#Vlad when hiring a new PA: I will have to make sure Daniel doesn’t bring up plasmus around them#Vlad: hires new PA. New PA: immediately tells Vlad off for making bad decisions with the company and about not properly scheduling#fights with his nemesis (Phantom) on the calendar. honestly even Lex Luther makes sure his board knows he’s unavailable before gallivanting#after Superman again#Tim who’s had the job for a week and knows too much: I should not be relating to the super villain through failure with clone making#Vlad and Tim: I’m totally normal about cloning this one black haired blue eyed teenager… (Kon and Danny)#I’m referencing Tim because I’m more familiar with his cover identity’s then most of the other bats although Lego Batman could probably#pull off a disguise that would work based off the time he dressed as the mayor of Gotham
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You are doing your best, and that's all you can ask of yourself.
You are doing enough, even when it doesn't feel like you are.
Your past mistakes don't define you, and you can grow and learn from them.
You are not a failure.
You can be kind to yourself, even as you hold yourself accountable.
You can't be everything to everyone, and that's okay.
Yes, their needs matter, but so do yours. Take time for yourself, too.
Forget what the influencers, mommy-bloggers, TikTokers, YouTubers, and whatnot are doing. None of it matters. Do what works for you, and what makes you happy and your life better.
You can't serve from an empty bowl. Make the time to fill yours.
Saying "no" to some things frees you to say "yes" to what really matters to you.
It's okay to ask for help, and it's okay to (graciously) accept help.
Make sure that when you say "yes" to others, you're not saying "no" to yourself.
Your body is a good body, even when it doesn't look, function, or behave how you'd like it to. Why is that? Because you're in it.
Give yourself permission to rest. The world is not going to stop turning because there are dishes in the sink, and all those "pet projects" can wait.
Never get so busy making a living that you forget to make a life, too.
You are enough, and you are worthy. You always have been, and you always will be. Nothing can change that, and no one can take that away from you. (No, not even you or the choices you make!)
#self care#self compassion#self love#self respect#give yourself permission to rest#stop the glorification of busy#you are enough#you do enough#you have enough#you are worthy#you are good enough#you are not a failure#you are not your past#you are not your mistakes#self forgiveness#self compassion and accountability can and must coexist#fuck diet culture#mental health#rest#work life balance#career#work#productivity#people pleasing#self care is not selfish#doing your best#perfectionism
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"Between Anakin and Luke who is the better Jedi?"
"Who's the strongest?"
Blah blah blah.
Every single person who thinks it is Anakin is wrong because Anakin "coolest thing about me is my kids" Skywalker would beat you up for thinking that his son isn't the greatest thing of all time.
#you know im right#if this man could chew he'd be eating metal every time someone so much as suggest that luke was anything but perfect#vader canonically loses his temper everytime someone from the empire suggests that luke isnt the biggest threat they're facing#he's like “what? do you mean? we should focus on someone else? luke skywalker exists and i have to follow him actually”#luke gets kidnapped and Vader kills the people who did it because only HE is allowed to hubt and traumatise his child like that thank you#“oh but anakin is the chosen one” you say#neither anakin or i care we're to busy admiring luke as he fucks up again#kylo meets anakin in the afterlife prepared to complain about luke and his 'failures'#surpised to find that grandpa 'number 1 luke stan' vader couldn't give a shit#'oh he tried to kill you? clearly he didn't do a good enough job. hey you think luke is open to advice? give him advice in killing people'#luke skywalker#anakin skywalker#darth vader#dad vader
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Crosshair only became "evil" because of his chip activation and the mindflayer machine, yet instead of discovering that machine's creation and restoring his reputation, he has to remain the "incurably evil monster" because...
CX-2's body type, movements, and mannerisms all scream that Tech might not be dead after all, yet instead of showing his face and proving that he needs help, he has to stay in the shadows because...
Echo had THE right idea all along by vocalizing his need to help the other Troopers; yet instead of acknowledging his good will and wishing him luck and safe travels, he has to be sighed at and accused of never being satisfied because...
Wrecker SHOULD have been given the chance to tell Crosshair all about his own chip activating and what it did to his emotions, yet he was relegated to armor delivery duty and not much else because...
Because...why, again...?
#random status update#star wars#the bad batch#just star wars thoughts#tbb crosshair#tbb tech#tbb spoilers#tech lives#tbb echo#tbb wrecker#cx-2#unfinished business#failure to launch#the failed narrative
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