
Originally Posted by
Gangel
Yes, there was some bashing. But too many times most forums end up being candy coated sugar plum fairy ideas. Some people need to say what is on others minds. I'm that guy. I mentioned about someone else's "business" not being quite right... turns out maybe I was right about that too. How many times can you congratulate a guy for making the same mistakes? And no, I'm not saying GeorgeB is making mistakes. Or even the same ones. I'm merely pointing out the fact that you all give out the hand shakes and back pats all day long, but that doesn't keep the business going. Kind of like "I made 3 grand selling my copper today". They don't tell you they have a grand in it just buying it, a warehouse to store it, a grand in rubbish costs and then insurance and employees on top of it all.
If you buy a business on a land contract, over 10 years, when does the business make money? I say the business doesn't make money until all debt is paid. But others will say it's what is on the cash flow sheet at the end of any given year. I also believe a business can't make money every single year. And a business makes NO money the first year. But that's just my opinion.
Gangel:
You and I might get onto one another's feet from time to time, but I do appreciate the honesty. I dont like anything sugar coated myself. I will take the truth all day, every day.
Like I always say, your entitled to your opinions, just like anyone else around here.
You are correct, that depending on the business, it does sometimes take a few years before the business sees a profit. Everyone's definition of a business making a profit, is all different. My in laws have owned their shop for 6 years I think? And just starting this past year, they are making a profit. My father in law sometimes works 12+ hours a day, to pay 2 mortgages (shop rent and house), and 2 sets of utilities. All that alone is easily $4,000 to $5,000 per month.
Their business makes over $150,000 a year, but even now, most of that goes to material, labor, and their bills. They make enough, but everyone thinks they are rolling in cash, when they arent really.
In regards to me personally, I have always run bushiness's primarily online, and my customer base was billions of people. Not saying I had billions of people, but anyone with a pc and internet was potential customers.
First business I have ever owned offline was doing junk removal. Even doing real estate, most can be done via internet, phone, and fax. You hardly ever see the properties face to face.
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