Ever done one or would like to do?
What's your biz idea?
And if you already don it, what are your experiences?
No right or wrong answers, anything goes as long as its related to the topic.
I always liked the thought of having my own pawn/antiques shop. I'd meet a lot of interesting people and would see some pretty incredible stuff I imagine.
I always liked the thought of having my own pawn/antiques shop. I'd meet a lot of interesting people and would see some pretty incredible stuff I imagine.
P.S.
@The Prowler
Stop being a dick.
Interesting.
I have started a few short lived ventures @Alticus
A few ekd out a small profit. Desktop publishing. Selling on eBay.
A 3rd one, web design, went completely nowhere made a total revenue of '$0'
It's not that hard to start a business really.
All the ones I tried were home based businesses.
But I think if I took another stab at it, I'd try to find a small inexpensive office space this time
Somehow, having a home office next to the kitchen doesn't quite work.
If I did it again, I would just go the low risk route, keeping overhead expenses to a minimum and treating like a hobby business at first to see if it goes somewhere.
I def made mistakes in one of them, the website design business. And it wasn't my calling in life.
I learned from that experience to avoid going too deep or committing to something before knowing it will succeed.
Other thing I learned was never bother registering for the GST unless you reach $30,00 in revenue.
About the easiest type to set up and almost be guaranteed a profit is selling stuff online like on eBay.
Anybody can do it, takes no talent.
If you were really interested in selling antiques, I'd suggest get them appraised, with a certificate and selling online.
There's too much theft these days.
I know the idea of an actual brick and mortar shop seems appealing, but in reality, the headaches are immense.
@Joe Unless it is a type of business where clients will be meeting with you in your office. Then you might need to present yourself with a more professional appearance. But then, you had better be registering for a GST number. Anyone who does not have a GST number does not have a professional appearance. Others will know you do very little business.
Here fool:
As a general rule, like the man says $30,000 is when you must register for the GST, not because @The Prowler said so.
So @Joe what is your business idea?
@Joe I remember recently you were talking about getting a good quality video camera.
@Joe And in this thread you were talking about leasing office space.
@Joe Does your business plan involve luring vulnerable people to your office under the false pretense of video recording them performing morally questionable acts while you promise to expose them to your industry contacts of which you actually have none?
So @Joe what is your business idea?
@Joe Or are you at a loss for words as your heart just sank into your stomach while you thought "How does he know?"
actually @The Prowler, I don't have a clear idea right now What the business will be yet.
Just the idea that I'd like to do something post retirement, eh? Possibly just a side hustle.
But I think if I took another stab at it, I'd try to find a small inexpensive office space this time
@Joe Are you looking for ideas for yourself?
You know, one tag would suffice Prowler.@Joe So you do not have an idea of the type of business you want to run, but you have already decided that you want to lease office space:
@Joe You cannot make decisions this way. You have to start at the beginning with a viable idea, then formulate a general plan, then consider the smaller details like whether to lease office space or not.
@Joe Making these kinds of decision out-of-order this way is a clear indication that you do not have a good mind for running a business.
@Joe You need to get back to Step 1. @Joe There is no sense in you asking someone like me what my ideas are for me because you and I have different skill sets. I can give you a whole list of viable businesses that make sense for me because I have a long list of desirable skills and talents.
@Joe What skills do you bring to the table? @Joe What was the focus of your education and how well did you perform? @Joe What is your work experience? @Joe What tools and equipment do you own that might be useful?
@Joe Are you limited to doing something that anyone can do and takes no talent?
@Joe What would your focus be in running a small business?
@Joe To make profit?
@Joe To fill your time with something that you find fun and interesting?
@Joe To meet a variety of other people?
@Joe I asked that question in my first post in this thread. @Joe It would help keep a conversation flowing if you answered simple questions like that.
@Joe I still do not know the point of this thread.
@Joe If you just want to know about other people's experiences in running businesses, then say so.
Yeah I think you're right. it's just a hazy idea at te moment@Joe At this point, it sounds like you do not have an idea.
Not like some people I knew who spent $100,000 on advertising, marketing, rent and the businesses went bust.
That's just money out the door that they will never be able to recover and they have nothing to show for it.
I've known at least 4 people who either lost all their savings or else their business ideas flopped, went nowhere, and they lost their investor's money.Like $50-100,000.
Some people spends thousand or their life savings on something which eventually goes bust.
I've know some people who sunk thousands into business ventures that flopped.
It was like...$50,000, $100,000 of their or somebody else's money.
So if the idea didn't take off, it wouldn't be like some of those unfortunate souls I've known who've lost everything in failed business ventures.
Not like some people I knew who spent $100,000 on advertising, marketing, rent and the businesses went bust.
That's just money out the door that they will never be able to recover and they have nothing to show for it.
I know.
I know.
But it is a fair question Prowler
Y'know @The Prowler, I suppose I do because it has to do with a family member who blew all my Dad's money on a failed venture & i remember is reaction too.
I remember my Dad saying out of frustration, "Y'know that goddam inventure/business venture whent nowhere! I spent $50,000 on it. How am I gonna get that money back?"
Even tho I think my Dad had severe doubts about it, he did it out of obligation and family ties.
So I never wanna do that to anyone.
I never forgot the lok on my Dad's face.
So it's almost like these moments of epiphany that left an impression on me.
It was the failure of this individuals which felt like one big facepalm.
I just don't wanna ever be like that Prowler.
so it's a personal issue and a memory I'll never forget
If I make mistakes, it'll be on my own dime not a relative, friend or other.
Ive had various small businesses since my early 20’s…my advice…do your research and get stuck in!Ever done one or would like to do?
What's your biz idea?
And if you already don it, what are your experiences?
No right or wrong answers, anything goes as long as its related to the topic.
My experience is that any successful business requires a combination of luck, timing, and hard work.Ever done one or would like to do?
What's your biz idea?
And if you already don it, what are your experiences?
No right or wrong answers, anything goes as long as its related to the topic.
Sometimes it's entertaining to think that the clown below became a multi-millionaire by selling fucking rags... The world works in mysterious ways it seems.
I'm pretty sure he is in 'real life'.