Who is "we"?How can 'we' do better?
Who is "we"?How can 'we' do better?
And what is "doing better"? Define the goal.How can 'we' do better?
I hear all the time that owners are usually the very last people to get paid.....if at all.
If that's true.................
True as fukk..... my current company I never paid myself a penny for over a year
1. Investing - only invest in things you know A LOT about. Too many people talk about investing into products or companies that they have minimal experience in, and get burned that way. Also, a lot of time, people want to invest, but cant afford it. Having the money to do something does not mean that you can afford to do it. You need financial advisement.Yo man congrats on your business and I wish you continued success.
I have a good job but I'm strongly thinking about investing.
My brother and I plan on buying a multi family house to rent.
We're also thinking about maybe opening a barbershop. Neither of us cut hair, and while we would love to cake up, we arent looking at getting rich with it. We just want something in our name that we can fall back on. What do you think?
1. Investing - only invest in things you know A LOT about. Too many people talk about investing into products or companies that they have minimal experience in, and get burned that way. Also, a lot of time, people want to invest, but cant afford it. Having the money to do something does not mean that you can afford to do it. You need financial advisement.
I was speaking on investments from a taking your $$ and putting it into a business that you do not operate type of business model. Like stocks, investment clubs, etc.I disagree.
I know of people who open businesses they have little prior knowledge or expertise.
I'm familiar with this single mother who opened up a mechanic/tire shop (she did not sell rims), and that same single mother end up opening a total of 5 shops.
I was speaking on investments from a taking your $$ and putting it into a business that you do not operate type of business model. Like stocks, investment clubs, etc.
If you are talking about investing into yourself and starting a business, just because she is a single mother doesnt mean she didn't know about overhead, supply/demand, best hiring practices, wholesale, marketing, bartering services, etc etc. I dont even see why you mentioned that shes a single mother.
This woman didn't just open something she knew nothing about without knowing that there was a need for it wherever she opened at.
Why would you put your money anywhere that you don't know a ton about? That doesnt make any sense.You said "only invest in things you know A LOT about".
And I disagreed.
Why would you put your money anywhere that you don't know a ton about? That doesnt make any sense.
Now, I do understand that I may have been vague - for instance, I don't know a lot about selling weave. I know nothing about selling weave. I can still open a successful weave shop - but before I put my money out there, I should study the industry, see whats hot, how cheap I can get quality weave wholesale and how high I should sell it, etc etc.
So, yea you dont have to had been a PHD at something before you launch into it, but when you decide to go that route, study up. Thats what I meant.
A lot of people save money and just DO, without putting in the study - thats where people fail. Thats actually the reason why a ton of athletes fail, because they have so much money they can just open a bar in a month, without doing the proper research and study on how to be a success in the industry. Hope that clears up what I meant.
If you did this and say you didn't get buttfukk'd in the end may God have mercy on ur soul.Bruh there's a franchise I believe in, fast food but upper echelon. Now they want me to have net assets worth $3mill and have $1mil on hand. What do I do bruh? And what type of business did/do you have