Originally Posted by
bluesman
I see the thread has deteriorated a bit. I don't know anybodies' back story to the thread, as to why they don't like or trust the guy.. Anyway, in my experience, he is partially right on a few points, the main one in my eye, is to think, then act. Everybody has million dollar ideas, they just don't have the moxie to do anything about it. Most successful business people have tried and failed several times before they get it. I would think that franchising is a bad first business, if only because the start up is generally high, and as a first time business owner, you are not entirely equipped to handle what it takes to run a a business, enough money or not. More money to burn, does not a business make.
I struggled with an import/export business for about 2 years before I gave it up and cut my losses. (about 10K). It was a valuable learning experience.
You have to select a business that you enjoy all aspects of. That is for sure. I enjoyed some parts of the business, product selection, manufacturing, even logistics, but I had not clearly defined my customer by the time I had sank time and money into it, then a few unexpected catastrophes occurred (a 3 month longshoreman's strike on the west coast, and a tsunami, I mean, c'mon!!!!) and I could not regain momentum.
I am now looking into an Entertainment/music/production/event company. What I love about this particular business model is that it is primarily relationship and "service" based, rather than capital, goods and hard "products"... If anyone has any experience in this field, I would love to chat about what you do, and what trends you see in this business. My input in it so far is more "nuts and bolts" business rather than the creative side so far.
Regards.
Zebol 50 - deca?
12-10-2024, 07:18 PM in ANABOLIC STEROIDS - QUESTIONS & ANSWERS