Rudy_TubeSteak
Senior Don Juan
Somehow I find it more fun to look around for OPPORTUNITIES to make money.
Where's the BIG MONEY at???
- Thread starter Rudy_TubeSteak
- Start date
Rudy_TubeSteak
Senior Don Juan
Theres this famous tennis player who is now very rich because he is good at it...Did he like what he is doing..HELL NO!!!!
He absolutely hated tennis...
How many of you can say that you absolutely ENJOY your job?
He absolutely hated tennis...
How many of you can say that you absolutely ENJOY your job?
reyalp
Master Don Juan
there's a lot of bad advice floating around in the world, that's for sure
i look at it this way
let's say you want to make $100,000 a year with your business
that's just $273NP a day.
is it really that hard to make $273 in a day? no.
that's just $35/hr, 8 hours a day, 7 days a week.
do you think you can bring in $35 profit in an hour?
it's entirely possible.
even assuming you're paying some chump $15/hr to sell something for you (let's just figure $20 into the equation for the backend taxes,etc), and assume you're only making $.50GP(just $1.50 COGS, not counting the chump's labor) for every $2 in revenue, that's just $220/hr.
it may seem huge to somebody makes $8/hr working a deadend job. but in the big world of business, it's chump change.
the thing you'll have to figure out is, how you're going to get that money rolling your way. it doesn't have to be a huge op, it doesn't have to be BIG money. it just has to bank.
and it will start rough, i'm sure. 90% of businesses bomb ass and close shop in the first 5 years. you may not want to invest anything more than you can afford to throw away. just be confident in your business decisions, don't head a direction without doing your research.
as we say in my field of work, "know before you go"
a high school friend of mine started a lawn care business in 2002. he started off with a push mower, a weedeater and his old 1982 chevy pickup truck. he slowly ramped up his operation, brought people in, and now he has company trucks and nice commercial lawnmowers. he has 12 people out mowing lawns during the mowing seasons.
he recently bought a brand new truck, and paid cash. he had been driving his 1982 chevy long enough, he said.
he wanted to go to college to be a computer programmer. but he got into mowing to make money for school, and found a way he could make even more money at it. now he makes more money doing the lawn care business than he ever could have working a 9-5 job doing programming.
of the successful business owners i've met, very very few of them ever started out with the intention of opening a storefront and going the traditional route. they just did something to make some cash, saw the opportunity for more money, and went for it.
as a side note: personally, i'd rather have $2K a month in passive, guaranteed income than to work like I am now (16hr days to make $1.5K a day)
i look at it this way
let's say you want to make $100,000 a year with your business
that's just $273NP a day.
is it really that hard to make $273 in a day? no.
that's just $35/hr, 8 hours a day, 7 days a week.
do you think you can bring in $35 profit in an hour?
it's entirely possible.
even assuming you're paying some chump $15/hr to sell something for you (let's just figure $20 into the equation for the backend taxes,etc), and assume you're only making $.50GP(just $1.50 COGS, not counting the chump's labor) for every $2 in revenue, that's just $220/hr.
it may seem huge to somebody makes $8/hr working a deadend job. but in the big world of business, it's chump change.
the thing you'll have to figure out is, how you're going to get that money rolling your way. it doesn't have to be a huge op, it doesn't have to be BIG money. it just has to bank.
and it will start rough, i'm sure. 90% of businesses bomb ass and close shop in the first 5 years. you may not want to invest anything more than you can afford to throw away. just be confident in your business decisions, don't head a direction without doing your research.
as we say in my field of work, "know before you go"
a high school friend of mine started a lawn care business in 2002. he started off with a push mower, a weedeater and his old 1982 chevy pickup truck. he slowly ramped up his operation, brought people in, and now he has company trucks and nice commercial lawnmowers. he has 12 people out mowing lawns during the mowing seasons.
he recently bought a brand new truck, and paid cash. he had been driving his 1982 chevy long enough, he said.
he wanted to go to college to be a computer programmer. but he got into mowing to make money for school, and found a way he could make even more money at it. now he makes more money doing the lawn care business than he ever could have working a 9-5 job doing programming.
of the successful business owners i've met, very very few of them ever started out with the intention of opening a storefront and going the traditional route. they just did something to make some cash, saw the opportunity for more money, and went for it.
as a side note: personally, i'd rather have $2K a month in passive, guaranteed income than to work like I am now (16hr days to make $1.5K a day)
LowPlainsDrifter
Senior Don Juan
Find a service that people need or want, and deliver it on time and at a decent price, with an unimpeachable streak of honesty and integrity.
By "decent" I mean not too low (you won't cover your expenses, and it makes you look like a desperate amateur) nor too high (you'll price yourself out of the market).
I hit the sweetspot with my business and I've built a huge client list.
They trust me more than they trust a lot of the service people that go to their homes for other things.
By "decent" I mean not too low (you won't cover your expenses, and it makes you look like a desperate amateur) nor too high (you'll price yourself out of the market).
I hit the sweetspot with my business and I've built a huge client list.
They trust me more than they trust a lot of the service people that go to their homes for other things.