Calling all Coli Entrepreneurs/ Business owners

JBold

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All I can say is that I'm in a high margin niche professional services business that involves high net worth clients, investments and legal/consulting services. I'd be an idiot for telling you what it is because it's easy money. Then again, all my clients are abroad and not in the US, so it wouldn't apply to you.

Only advice I can give you:

- Be prepared to hustle and put in the work. If you can't imagine putting in 12-15 hours a day, setting up a business and building it, then it's not for you.
- Be prepared to take risks. You will lose time and money. If you're one of those risk averse types, then it's not for you.
- Be positive. Cautiously optimistic. Aggressive. If you're a debbie downer, always looking at the worst that could happen, then it's not for you.
- Take basic classes in accounting, finance, economics and marketing
- Learn to sell. Take some shytty sales job, if only to get over the fear of rejection and figure out what kind of sales pitches and approaches work for you. Do one that's B2C and one that's B2B, so you get experience in both sides. No matter what your business, it will involve a lot of selling, whether to consumers or to other businesses.
- Start building your credit. If you want to open a business, you need good credit to get a decent loan.
- Find out what other people are doing around you. Walk around your neighborhood, go to your local mall, check out the kiosks. See what's working and selling and what's not.
- Your county or state must have some small business resource center or whatever. Go there, learn to write a business plan. Talk to someone, see what you can get a grant for these days.
I know someone who got a $800,000 grant to set up a CNG refueling center, put in a million of his own and is now basically printing money.
- Go to other neighborhoods and compare them to yours. What's missing in yours that could do well? What are problems specific to your area that could be solved by a business or product? My cousin was driving around these Mexican neighborhoods and noticed there were no or few insurance brokers and a lot of them don't feel comfortable with the online thing. So he and his friends started setting up consolidated insurance brokers offices targeted to Hispanics. They have 18 locations now and now they've put in professional management, so they can transition out of their roles and start looking for their next thing.
- Think about what you like to do, what you're passionate about. A lot of business owners who are successful are because they are passionate about the business that they're in.
- Start something small. Fail. Learn what you did wrong. Try again.
- Find a mentor.

Putting in work isn't the issue. I helped a buddy of mine start his business and for about a two months I was getting 2 hours of sleep and some none at all. Thanks for the advice, man.
 

Uncle Kingpin

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It's not true that you need money to start a business. Service-oriented businesses usually have minimal to no start up costs. I would suggest looking into becoming an independent contractor in something you have experience in. To be successful, you have to either be different, the best, or the cheapest. Being different is a temporary advantage, and being cheaper is a race to the bottom. What is it that you feel you can be the best at?

I started a legal staffing company by accident 8 years ago. I was working as a paralegal for an a$$hole lawyer who would make us do demeaning things like get him starbucks or pick up dry cleaning, and was going to college for computer science. I set up his network, gave him remote access, and told him i would be working from home and was only coming to the office on payday or to do intake from now on. He said gtfo, i told him cool, i'll take the linux server software with me too so you wont have access anymore, he said see you on friday. From then on, i contracted myself out, developed enough clients that i could bring people on, and now i dont do much legal work, only logistics, management and contract negotiations. I have paralegals, secretaries and lawyers that are specialized in specific fields of law and all work on a contractual basis.
 

TruStyle

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:beli: I cater and I want that to grow into something even bigger. I started it about a year and a half ago. I was sitting at my desk hating my job. I always thought about it but never took it seriously. But the company I was at I hated it so much I was like wth. So I researched on what I needed to be legit and just started doing it. Maybe some people just didn't want to put themselves out there because this is the Coli and all the fukkery/judgment that goes on. Like the slight shade you threw. I mean I wasn't going to even reply to him fearing putting myself out there. I wanted to be helpful tho.

It's hard, it takes money, sometimes things slow down and you have to work a regular job. Sometimes you have to save up or get a loan, to take your business to the next level or just to regroup and see if it's worth all the sacrifices and stress.

Thats cool, im just saying, the man asked yall what businesses are you yall involved with, and youll notice everyone left what they did OUT and how maybe they got started, just basic shyt you know. Daps for at least saying what you do.
:wtf: What's wrong with u man? This is a public website, many people don't want to discuss their personal/professional life on a website where they hardly know anyone and only have a vague insight into their political opinions and taste in music. I definitely would never want to disclose any information that could directly relate back to who I am outside this board since I have no clue who any of you are.

Anyways, my man, I definitely do not have the passion, dedication, or patience to start my own business. I do know several people who have started their own business and their biggest advice is to do something you love as others have said. You definitely need the capital hence get a loan or a small investment from close friends. The animal treatment clinic, or whatever, sounds great. The only problem is that the business heavily relies on trust which usually is built by having a longstanding relationship with your customers. It's going to be hard but definitely go for it if it is something you will enjoy doing. Whatever you decide to do, incorporate the business so you can deduct a lot of your expenses and pay less taxes.

What state are you in btw?

:childplease: Stop it man, if you dont wanna give your actualu business name out, dont. You can at least say what your business is and what field you are and maybe some background shyt. How you got started, what made you wanna do it, something. Dudes asking yall what yall did. Yall dudes wanna come be on this site and talking that big shyt, but none of yall ever wanna even describe what you do in any way shape or form. Im guessing cuz alot of you who own your own "business" really just run small websites or try and sell shyt out your car on some MLM scam type shyt. Yall probably them dudes trying to sell vitamins and shyt to all your people.

Im just tired of yall dudes fronting so damn hard on here,

Also if you dont own your own business, how the fukk you giving my man advice, thats like me telling a woman how to have a baby.


I
 

Blackking

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Lol at this thread being avoided. Breh all them dudes who talk that own your own business shyt do not actually run one. Its just rhetoric they repeat to try and make you think they are making moves.

Other than a couple vauge descriptions of websites a couple ppl run. You will find no actual business owners here.

I've asked these dudes to link me to their product and websites so I can support them. I've gotten 0 so far.....
lol, I'm at a point where I need capital to scale n grow.... what kinda help u got to offer..
 

Techniec

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Ideally you want to start a business where the product is you, you imagination, your creativity, your skills.

its a product that requires no production costs, no inventory costs, no wholesale relationships, no profit margin worries etc

you dont need a store front, you dont need to worry about leasing or paying rent or utilities, you dont have to pay employees

admittedly, the field is wide open as to what you can actually do (writing, consulting etc)

But I used to own a restaurant and man,..it was ultimately a success financially (i built it and flipped it) but it was a huge drain on my energy and time..
 

Blackking

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So for a while I have been toying with the idea of starting a business. I am 26 and going to school for my Master's Degree in Urban Affairs.
I think you're doing great... ur getting a master + already thinking about business and not being a slave.

I may be wrong but ur gonna need money first. A guy recently told me that should never be the first focus- but I don't believe him because he's rich as fukk so he can pop business out his ass.

Depending on where you live there are a few things you could do. me and this italian dude grow up to 80 kush plants (legal here). Not saying u should do that, but I already had my business.... he didn't but now he gets like 4 K a month off sales and is starting something now. So the point is get a Good hustle and build from there. IT takes about 23 hours a day to build a real business.... fukk ur life and fukk sleep.... unless u develop some crazy software or something.
 

Hiphoplives4eva

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Im not even gonna disect the replies from the so called "coli business owners" . Its just too easy..... go into any thread and youll see 10 diffrent ppl screaming "be your own boss,start your own business" "dont work for anyone else"
But this thread only got like 8 replies......

Just let me say this to you.

Notice none of them said what they do, or what business they own, how they got started or how long they been doing it.

They all gave you general, generic common sense advice
They told you to save money, or get a loan to start.......yeah....
They told you try to use your degree in someway that relates to business..... yeah.....
They told you to network.....yeah ok...

Couple of them told you to get a job. :dead:

This site kills me :laff:

For real tho, props to the cats brave enough to even reply, i wish yall the best of luck on your ventures. Hope yall do make it. Im not hating, im just tired of all the hype talk.


Im actually a business owner that runs a wellness center. Please stop talking as if all "black" people are incapable of running a business friend.

Let me guess....your a avowed liberal living off the government?
 

Hov

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lol, I'm at a point where I need capital to scale n grow.... what kinda help u got to offer..

PM me if you, and anyone else in this thread wants to truly start a new business, or follow through with an idea. The company I work for is offering free business & branding consultations during the government shutdown, which is usually a paid service.

1 hour out of your day in exchange to actually coming up with a REAL plan does not seem like a big investment to me. I was thinking about making a thread dedicated to this, but not sure.

shutdown_zps5441fcab.jpg
 

BlvdBrawler

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Lol at this thread being avoided. Breh all them dudes who talk that own your own business shyt do not actually run one. Its just rhetoric they repeat to try and make you think they are making moves.

Other than a couple vauge descriptions of websites a couple ppl run. You will find no actual business owners here.

I've asked these dudes to link me to their product and websites so I can support them. I've gotten 0 so far.....

I doubt this is true. I think a lot of dudes on here just don't want to give out the name of their shyt because then we'll be able to associate their online persona to their business, and you know how the wolves can be.
 

TruStyle

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Im actually a business owner that runs a wellness center. Please stop talking as if all "black" people are incapable of running a business friend.

Let me guess....your a avowed liberal living off the government?

This aint got shyt to do with race, but props for taking another thread and making it about race, i know that makes you comfortable when its about that. Im not a liberal and i have a full time job, im 24 and a homeowner, bought it myself, did it all on my own. My cars paid off. I dont work IT and i dont even make 100k a year like the rest of you.
:umad:

Lets not turn this thread into something its not. Stay on point son.


I doubt this is true. I think a lot of dudes on here just don't want to give out the name of their shyt because then we'll be able to associate their online persona to their business, and you know how the wolves can be.

Like i said, thats fine, but you can talk about your field or what business youre in, just general stuff. Like hey, i own a resturant, i started it 4 years ago, i did it becuz.... dude asked what ppl did. I just find it funny, everyone just seems to casually leave out that huge, glaring part about this convo every time its had on here.. :yeshrug:...
 

L&HH

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PM me if you, and anyone else in this thread wants to truly start a new business, or follow through with an idea. The company I work for is offering free business & branding consultations during the government shutdown, which is usually a paid service.

1 hour out of your day in exchange to actually coming up with a REAL plan does not seem like a big investment to me. I was thinking about making a thread dedicated to this, but not sure.

shutdown_zps5441fcab.jpg

is this only for people who work for the govt?
 

Blackking

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PM me if you, and anyone else in this thread wants to truly start a new business, or follow through with an idea. The company I work for is offering free business & branding consultations during the government shutdown, which is usually a paid service.

1 hour out of your day in exchange to actually coming up with a REAL plan does not seem like a big investment to me. I was thinking about making a thread dedicated to this, but not sure.

shutdown_zps5441fcab.jpg

I will PM you..........but..........


You only have like 4 post on here... and you have a random bus idea during the shutdown, plus an ad ur pushing...:patrice:
 
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