I DON'T KNOW ABOUT YOU BUT I'M GETTING SICK OF BEING TOLD TO GO OUT AND GET A GOOD JOB. I MEAN WHY WOULD I WANNA GO OUT AND MAKE SOMEONE ELSE MONEY. I FEEL LIKE THE TIME HAS COME FOR OUR GENERATION TO START NOT JUST WANT A GOOD JOB BUT WHY NOT THEIR OWN BUSINESS. THE WAY OUR ECONOMY IS GOING JUST HAVING A GOOD JOB ISN'T GOOD ENOUGH..YIU'VE GOTTA OWN SOMETHING...HAVE SOME ASSETS. THINK ABOUT WAHT WE CAN DO FOR OUSELVES IF WE DIDN'T JUST MAKE MONEY..BUT INVEST IT...LET IT GROW...AND DON'T JUST BECOME RICH ..BUT WEALTHY.
THE REASON WEALTHY FAMILES STAY WEALTHY IS BECAUSE IT IS TAUGHT AT A EARLY AGE TO NOT JUST GO WORK FOR SOMEONE ELSE BUT TO OWN SOMETHING FOR THEMSELVES...THEIR CHILDREN ARE TAUGHT WHAT IT MEANS TO INVEST,HOW TO UNDERSTAND THE STOCK MARKET, AND THE IMPORTANCE OF LETTING THEIR MONEY MAKE THEM MORE MONEY.. THE WORLD IS FULL OF BIG BUSINESSES WITH "GOOD JOBS" WHERE YOU HAVE TO WORK ALL YOUR LIFE FROM PAYCHECK TO PAYCHECK..BUT I'M TELLING YOU TO GO OUT AND START A BUSINESS..INVEST SOMETHING...GET SOME ASSETS...JUS THOUGHT I'D PASS ON A LITTLE KNOWLEDGE.
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Not everyone is capable that way though. And its hard and there isn't any business left here. Theres enough resturautns and bars and aflower shop and a book store, carpet store. Selling things is a losing business right now in MIchigan because noone has any disposable income. Plus they are thinking about taxing services. I thought about opening a cleaning business but there are 25 carpet cleaning businesses here and notes at every store ofering to clean your house. The ads for medical transription are fake becuase you have to train and then find your own work. And I seriously doubt that vending machinces are a good business where I live, due to the gas to get somewhere where there would be proper traffic flow and because there is no traffic flow and that there are vending machines everywhere already.
I just don't have any talent to sell or skills. I could take the tax course at H&R block to do 1040EZ's but there are already 3 tax preparers in this town.
I sold second hand books and CD's on Amazon and Albris for a whole year and only made about $400 dollars. I just could not find books to sell because there are so many people doing that already and while I was doing that the prices droped down to a penny a book, most books. After that my credit card expired and I couldn't try anymore. Maybe you have better ideas then me.
~Maybee Sinclair~
GO ME----Plant A TREE !!!!!
I wish I could start my own business, but I think you have to have money to make money, and unfortunately I have none.
I've started a few businesses from scratch. The first was a computer store. I sold retail and did repairs. I had $50K invested. My payroll peaked at 5 people. The business earned just enough to pay everybody but me. For the first two years I worked my butt off, much harder than any salary job I've ever had, and did not get a paycheck. The next 2 years it started to pay me about minimum wage. It took a long time to build up a steady clientel of businesses that kept myself and my technicians billable which was the bread and butter of profits. It was an OK business but was not going to make anybody rich. I finally got so busy with my second business that I sold the store to my two best technicians for exactly the amount I had invested in it to start it. It is still in business and is making them a decent living but will never be much more than that. In a way it was a waste of time: lots of work and no return. But I have no regrets because it led me down a lucrative path.
My computer store was the catalyst that led me to my second business which was fantastic. I got in on the very beginning of the Internet boom with a $20k investment. All my computer store customers were wanting to get online and there was no way in my area to do it without a long distance call. I was the third dial-up ISP to open in Wyoming and the first in my area. Without first having been in the computer business I never would have recognized the opportunity or had the technical resources to make the second business happen. Over the course of 6 years I grew that business to the largest ISP in Wyoming. From the second month it started paying me a salary and I was able to finance all the growth from profits. After three months I had opened in two neighboring towns and kept expanding from there. It was a cash cow! I even bought a little Piper SuperCub so I could buzzz around Wyoming to work on my telecom equipment. We had about 50,000 customers in Wyoming, Montana and South Dakota when I sold out right at the peak of the DotCom bubble. I did very well with that business.
I'm in the coal bed methane business now. Those two little businesses are basically on auto-pilot and my main job is keeping track of money. I work about 3 hours per day when I feel like it. My assistant, who has been with me since about the first year of the computer store, does most of the work.
The first two businesses were started with very little capital. That kind of business is tough to make go and is a huge risk and labor of love. Most fail and most of the rest never make much. The third and fourth businesses were started with plenty of capital and are essentially the kind of business where it takes money to make money. I've found them to be a lot easier.
For the right kind of person, starting a business is great. But you had better be willing to fail and don't expect to be in fat city soon or ever. I love being my own boss!