Why do indians own so much damn business? We need to take notes

[filial_piety]

they still rich, that's the whole point

I don't know what your definition of "rich" is...but the dominican guy who owns the corner store on my block is hardly someone I'd call "rich" selling 25 cent Mike n Ikes and Deli sandwiches here and there...
but then again, I never spoke to him about his personal finances...

However speaking from experience...a good friend of mine (black guy) graduated from Morehouse years ago...and opened up his own corner store with less than a $1000. He was about 21 or 22 at the time...it wasn't my forte..but hey he did it.

 

[Ed MOTHERFUCKING G]

I'm not sure what you do professionally...but I think you're simply wrong.

http://www.sba.gov/content/equity-investment

Strong equity with a manageable debt level provides financial resiliency to help your business maintain viability during tough times. In contrast, if your business has minimal or non-existent equity, the risk of default (failure to pay) your debts is increased.

• Strong equity investment shows a lender that you are fully committed to the business.
• Sufficient equity is particularly important for new businesses, to convince the lender that you are serious.
• Weak equity will make a lender more hesitant to provide any financial assistance. However, low equity in relation to existing and projected debt (your current obligations plus the new loan) can be overcome with a strong showing in all the other credit factors.
• Non-existent equity can make obtaining a loan almost impossible, as you have not shown commitment to your business by investing your own money or assets in it.

This is the GOVERNMENT saying this, not me.

 

[TRFG]

they still rich, that's the whole point

I typed that to say you can't compare these immigrants to everyday people..

 

[filial_piety]

http://www.sba.gov/content/equity-investment


This is the GOVERNMENT saying this, not me.

Please underline where it says "equity in the business"...I'm referring to what you are stating specifically...

You can have "equity" in many things....such as real estate, and/or investments...which was highlited in my original point about financial literacy and maximizing your disposable income through savings and investment...

No disrespect...but just what do you do professionally?

 

[Ed MOTHERFUCKING G]

Please underline where it says "equity in the business"

...

What Is Equity Investment?

Business loan applicants must have a reasonable amount invested in their business. This ensures that, when combined with borrowed funds, the business can operate on a sound basis. There will be a careful examination of your business' debt-to-worth ratio to help all parties understand how much money the lender is being asked to lend (debt) in relation to how much you have invested (worth). Owners invest either assets that are applicable to the operation of the business and/or cash which can be used to acquire such assets. The value of invested assets should be substantiated by invoices or appraisals for start-up businesses, or current financial statements for existing businesses. This value is also known as equity investment.

Its ok man.

 

[Ed MOTHERFUCKING G]

I typed that to say you can't compare these immigrants to everyday people..

Exactly. The whole "barrier to entry being money" thing i was talking about doesn't apply if you come to america with wealth.

 

[filial_piety]

...








Its ok man.

...








Its ok man.

None of that supports what you have stated...lol

You're backing exactly what I have stated....

Owners invest either assets that are applicable to the operation of the business and/or cash which can be used to acquire such assets.

 

[Ed MOTHERFUCKING G]

Please underline where it says "equity in the business"...I'm referring to what you are stating specifically...

You can have "equity" in many things....such as real estate, and/or investments...which was highlited in my original point about financial literacy and maximizing your disposable income through savings and investment...

No disrespect...but just what do you do professionally?

Real estate and business are forms of investment. The money or assets that a business holds, and even more specifically, that a business owner gives their business as it starts....is equity investment.

The sba is specifically discussing the owners equity injection (cash or business equipment/asstets) that are used to operate the business. Nothing else. To connect the dots in the link i provided:

Business loan applicants must have a reasonable amount invested in their business.

Owners invest either assets that are applicable to the operation of the business and/or cash which can be used to acquire such assets.

This value is also known as equity investment.

I know for a FACT that this means:

• Cash
• The CASH value of equipment that can be used to operate the business (if its a restaraunt...ovens that you bought or own...this is not a form of collateral)

Now, remember this:

• Weak equity will make a lender more hesitant to provide any financial assistance. However, low equity in relation to existing and projected debt (your current obligations plus the new loan) can be overcome with a strong showing in all the other credit factors.
• Non-existent equity can make obtaining a loan almost impossible, as you have not shown commitment to your business by investing your own money or assets in it.

If you dont have equity investment which is well defined above you cannot get a loan to start a business. The US Government nor any lender is going to FUND a business completely.

I cant hold your hand through this any further. This is not a debate. I am telling this to you.

 

[rantanamo]

Because only indians with enough wealth to own a business or education to get well employed even explore moving to america

ding ding ding. Creaming effect.

 

[boskey]

Y'all are waaaay overstating the wealth and education of immigrants.

Here's another question: why do so many of the same Indian/Arab/African/Carribean immigrants end up driving cabs in America?

Is it cuz they're all 1 percenters with tons of generational wealth in their home countries? And with the black unemployment rate what it is, why aren't black folks dominating these gigs? Wouldn't a native know how to get around a city 100 times better than an immigrant? Even if it's not "profitable" folks are still managing to support families off of that...

There are other factors at play. It's not that simple...

 

[Rawtid]

You dont need a loan in order to start a business.

 

[sang_bleu]

Because Indians have communities that support and employ their own

 

[3rdWorld]

In India and Pakistan they live worse than any other group of people on earth, and only prosper once they've left India. They also help each other other out, more so because they are in a foreign land. No one likes them anywhere, not Africa, not the Carribean, not Europe..

 

[ℒℴѵℯJay ELECTUA]

In India and Pakistan they live worse than any other group of people on earth, and only prosper once they've left India. They also help each other other out, more so because they are in a foreign land. No one likes them anywhere, not Africa, not the Carribean, not Europe..

The last sentence Is pretty ignorant, funny and some what true.

 

[GetInTheTruck]

Because only indians with enough wealth to own a business or education to get well employed even explore moving to america

true in some cases, not all cases.