Lets talk about starting, running or failing at running a business.
> Why haven't you started a business yet?
> Why and how did you fail at it in the past?
> Ever completely failed and successfully started over?
> If you are running one now, how is it going, how did you start?
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It took making a shitload of money and becoming a NEET for a few months to make me realize that none of it mattered if you yourself had no substance.
Currently in the process of starting a local suburban farm. While I'm surrounded to the tits in chain restaurants thanks to suburbias magical disconnecting power, farmer's markets and even the cultivation of business skills will translate to my next step which would be taking this to a piece of property I own up north and going much larger scale with a much more accepting audience.
Also I lost a shit load of money these last months so I gotta make it somewhere hue.
Oh, just bought that book along with some more equipment for the gardens as well. Looking forward to them both.
>Also I lost a shit load of money these last months so I gotta make it somewhere hue.
In the same boat here, didn't utilize +120$k in unrealized gains. Feel bad about this shit, but gotta move on. Figure that since I did not take it out I am probably no worth it now. Luckily ended up funding a friends business idea in December (SAAS project) and decided to fully on-board myself as co-owner recently and spending every single day at the legal and marketing end. Still two months out from launch, running a 150 user pilot, next month scaling to 1000 users (4 companies). Seems promising so far. Two devs on pay. Today WIPO - Madrid registration. Draining the last of my remaining money, but no risk no gain...
As backup I bought an assload of Camera gear in December too. Graduated from film school but enjoy photography a lot more. Was making quite some money shooting middle eastern weddings (1000+ people attendance, in Europe. kek) many years ago. Sometimes up to 2k EUR for a 8 hour shoot.. Set a friend up with enough Camera gear to be my second photographer too. For now keeping that on ice, but pushing my him to establish himself as a photographer (instead of being a NEET) so I have a minimum job security as his second photographer if he manages to get some traction.
It's a great book, but not Talebs best.
It's easy once you've wagecucked your way into a skill that's in demand and familiarised yourself with the market
Easy as in it'll survive you until you've made it as a partner in some startup
> Why haven't you started a business yet?
because in Shitaly the daddystate will take around 45% of my income without considering taxes and other bullshit. I do have an Idea and I'm applying ot make it work but I need to get the fuck out form here and land in the USA before anything else.
It costs a lot more to start a business these days because of regulations and the fact many of the programs that were in place during our parents and grandparents time that encouraged small businesses have been gutted. Only hope these days is to start an online business, but even then it just isn't worth it because most of the time you're just stealing business away from the other 100 people that had the same idea that you did.
Why not start a business exclusively online? You can create a legal construction where your taxes go through Luxembourg, Malta or Cyprus and you pay a lot less (10-20%) in taxes. Just do not put that money on a italian bank account.
Quit fucking whining or be content with your mediocrity, doublenigger. If you're not going to put forth the effort you know for certain someone somewhere most definitely will.
>Why not start a business exclusively online?
I can't work from home as an enterpreneur in Itlay, I'd have to rent an office anyway. Good luck trying to explain to the vultures why I have an office if I don't pay taxes here.
>”entrepreneur”
>”creative”
the most autistic words a man can use
STINKY LINKYS DONT STAY STINKY FOR LONG
THEY GET HOPE FROM THE STINKY LINKY SONG
STINKY LINKYS DONT STAY STINKY FOR LONG
THEY GET HOPE FROM THE STINKY LINKY SONG
I've had 2 businesses.
First was an online geek shop - very similar to think geek but in Australia. I was importing stuff in bulk which in turn meant I could undercut the American shops + deliver faster.
I was building a small customer base, but it was far too expensive to easily restock. I had to import at min 1/2 a shipping container of product at a time to make it viable. Plus currency fluctuations made it too risky.
Tied it up due to those two things.
My second business I built almost a hobbyist game dev studio with some friends. Kicked them out after they didn't do anything. Built a game myself and put it on steam. Brings in about $100 a month.
I've did these two alongside working full time. Learnt a considerable amount from doing them. I mainly did it for self education on business and also to potentially make money.
My next "business" is going to be buying investment properties. Had a fortunate turn of events with a bit of capital. Read through 4 books already on investment properties and many more to read before I make the final plunge.
that sucks, hope you figure it out tho. Taxman stealing your hard earned funds should not be the showstopper for a good business plan or idea.
You're doing well user. Good on you.
You may not be there yet, but I am smelling potential.
> Read through 4 books already on investment properties and many more to read before I make the final plunge.
Curious, which books?
>that sucks, hope you figure it out tho. Taxman stealing your hard earned funds should not be the showstopper for a good business plan or idea.
It isn't even the end: we have something called "IVA", which is at 22%. Now, if I open a buisness I need to open a "partita IVA", which cost money to open to beign with. afterwards, every three month they'll take 22% of all of my sales. On top of theincome tax and of other taxation. And politicians wonder why young people are fleeing from this socialist shithole.
Think and grow rich property by Stuart Zadel.
0 to 260 houses in 7 years - Steve mcknight
ultimate guide to real estate - john mcgrath
I buy houses - Paul do
These books are mainly inspirational, but they still have content that can only come from many years of experience doing the work. Each has had invaluable information, though some books obviously double up.
The next books on my list are from various uni real estate course outlines (property valuation, construction, contract management etc). This work can mainly be outsourced but I want to have a strong idea of what I'm doing.
The key aim is to get finding, buying and managing property to a fine process and have it highly number and percentage driven with very little subjective opinion. I've been documenting notes and making processes as well as extracting information along the way (i.e. census data + council plans).
I can see why boomers have such a hardon for property after flipping through these books, the industry will not slow down with high immigration. There are processes that can be used to find value in the market.
once i have an idea of a physical product, where do i get to turned into a reality? a lab or manufacturer? anyone have experience with this?
I don’t know where you live, but here in the states real estate is an awful investment (3% return per year, not even that safe) why won’t you invest in other things? Even super safe plays in the stock market have better yields
You can get high yield property anywhere in the world.
Ultimately you want 7% min yield on a property when renting it out. If you plan and research well enough you can purchase in an area which is likely to have capital growth + see your real return grow further.
I have a keen interest in property for many reasons, I've had family and friends with very good results who I can also leverage.
It's all part of the dream. Just need to be very careful and cautious working towards that dream.
I already have a few shares plus crypto + a term deposit.
Don't know much about real estate, but if you have time check out
> What I learned losing a million dollars
> The Richest man in Babylon
Besides the obvious inspirational books, you can use some financial planning/advice books too. Could have had some nice running businesses earning me passive income for 5+ years if I knew how to handle myself financially back then. Of course if you have some experience, forget about the suggestion. But I know of many entrepreneurs who fail because of financial illiteracy.
I don't understand why people won't revolt over this. My partner with whom I am running the business is paying so much goddamn tax on his other business that it is even making me livid. Every other week there is a letter from the tax man to pay up X amount. Since we have a office in this country we can't fully escape it either, but at least we can do sales through a holding and then offshore it legally without having to pay these insane taxes. When I see what he earns and then has to pay back to the state I almost have to throw up. He has gotten so used to it though that it seems second nature to him.
Depends on the product, what are you looking to create?
>Depends on the product, what are you looking to create?
cant say for obvious reasons but its a simple product, i imagine it would require more of a chemist to make than an engineer lets just say.
im going to have talks with a patent guy friday so we'll see if he can point me in the right direction
>I don't understand why people won't revolt over this
How can you revolt when half of your population is made by Terroni who are basically niggers and leech from the north? in the last election they voted en masse for a party who said "we will give 780€ to every unemployed citizen", while the nord voted for a party who said "we will cut taxes and we will install a 20% flat taxand we'll send niggers back" god fucking damnit.During our last leftist there was a state commercial in which small buisness owners were compared to parasites, in a country where enterpreneuers literally kill themselves over taxation. I'm so sick of this you have no idea.
north secession when?
literally a meme.
I do own a online retailbusiness in Germany since 2013. I do buy niche stuff in China and sell it in the EU. Its going pretty well, I make about 60k a year after all expenses. I do sell on Ebay, Amazon, own Onlineshop and directly to customers.
But the market is getting harder since the chinese can sell directly to the EU markets with Fullfilment by Amazon. Its a daily grind the build up your own business, you need a lot of willpower.
Nice! Spend some time in Germany and was selling on eBay too (2009-2012). But eBay and PayPal fees made me stop (and getting threatened for commerce without a Gewerbeschein..uh). Did this get any better? I looked into Amazon later, but didn't feel like researching and getting into China trade.
show me your game
Ebay fees are around 10% (depends on the category) + PayPal 1,9% +0,35ct per transaction.
Amazon fees are 15% per transaction.
The key is to move your customers to your own onlinestore where you dont have any fees, you just have to Pay ~30€/month for webspace.
You get fucked pretty hard in Germany if you do business without proper paperwork. But thats pretty easy, you can start a company in 24hours if you really want to.
For you guys, check out if there are some FUN - Fuck up nights - in your area.
Enterpreneurs are talking how and why they failed/fucked up in the beginning.
About to quit my day job as a software developer to go freelance and start my business on the side.
Wish me luck guys
My current business is failing-ish because I am fucking terrible at prospecting leads and selling. Combine that with despondency from the feeling of failure and I've fallen into a analysis paralysis mantra lately.
godspeed user.
Name of book/more relevant pages?
Good luck. Set time lines each day, so you don't end up procrastinating too much.
>freelance
How do you compete with third world country pajeet freelancers that ask for 10% of what you ask for a job?
I've been wanting to freelance as a front-end web dev but these damn pajeets just discourage me.
Must be this guy.
medium.com
Google'ing other things all lead to medium.com
must be from one of his 4 books?
amazon.de
Yes, this is Skin in the Game by NN Taleb. Great book, but honestly not recommendable unless you have read Taleb's earlier books. This is part of a 4 book essay called INCERTO. Skin in the Game gets quite repetitive and boring unless you have already been introduced to his Talebs style. Some notworthy excerpts:
> medium.com
> medium.com
> medium.com
> medium.com
> medium.com
Also: fooledbyrandomness.com
Start with Fooled By Randomness, The Black Swan or Anti-Fragile - IMO
kek,
> notworthy
Noteworthy...
> Why and how did you fail at it in the past?
Being idealistic.
> Ever completely failed and successfully started over?
Failed through first 21 years of life before changing it into something great.
> If you are running one now, how is it going, how did you start?
Great. I had an idea and I executed on it.
I had the opposite reaction. Took me years of holding myself up to a higher standard, being always honest, and taking the more difficult way whenever possible, before I realized it doesn't mean anything. Then I started to make money. A man's substance is weighed by his peers. The average would gather this man's good deeds and proclaim him good if they were great enough. The great man would gather this man's conquests and know him good if they were many and skillful. But the man, being a great man does not care. For he is resolute in his purpose and steadfast in its execution. He knows how useless praise is from the average, and completely lacking in the great.
You're going to need it.
Taleb is a pop-phil meme. Books in the name of practical search are a meme. Either you know what you're looking for and can cut through the fat, or you're just wasting time "bettering your mind."
> Taleb is a pop-phil meme
Don't disagree that Taleb has risen to a meme like status at this point.
> or you're just wasting time "bettering your mind."
How is it a waste of time though?
I spend a hour or two a day reading. Any better suggestions?
Maybe I should ask on /lit/, but I figure it suits the thread.
>Why haven't you started a business yet?
Because it takes money to get money and this college degree is utterly worthless in getting me into anything other than a high school level job. I've been actively searching out work for a year. How am I supposed to save if all these interviews just fall through?
If one of my shitcoins ever moon.
Then how the fuck do I start a private kindergarten?
>Parents are literally pre-ordering places for their kids
>High profit as fuck
If you're Type A, have a practical purpose when reading. Even if it's news, discussion, or just regular blog posts, have a practical purpose. This is preceded by having a goal that needs to be accomplished. The course of action looks a little like:
>1). get goal
>2). figure out what needs to be done for goal
>3). do what needs to be done
>4). if creatively stuck, take a break
>5). if intellectually stuck, read
>6). if emotionally stuck, stop
>7). go to 2
Reading seldom brings actionable advice because the mindset one takes for passive consumption doesn't allow for the inner workings of the unconscious to tear through the cruft. What you're left with is a bunch of different ideas and information that your mind must put somewhere. Most of it is thrown out, because there's nowhere to put it. There's no casual links for the information to grab hold of. You could say why you forget the majority of any book, and only remember the most pertinent points, if at all. If that's the case, one would do well to read only the sections most relevant to his current ventures and leave the rest. 40 pages in half an hour, completely internalized is better than 300 in 5 hours internalized not at all.
I've found introspection to be quicker and more efficient for most of my problems anyway. Books are used for a quick and easy, brute-forced mindset change. They do the job, but they're just tools in a toolbox that gets tossed to the side once it's no longer useful. Contrast this with introspection. a more expensive, intentional, and holistic approach to problems. It's not as easy as reading, but its effects radiate into other areas of life and reinforce self-sufficiency. And, it's quicker than reading. Thinking for 10 uninterrupted minutes has been more useful than reading an entire 600 page reference manual or some modern philosophers treatise.
If you really have to read, you're better off spark noting it. The outcome is the same
(cont.)
>a book
>with difficult words in it
>thinking Jow Forums has a long enough attention span to actually read something closely
Don't kid yourself, OP. If this board bothered to actually research anything instead of relying on each others memeing, everyone posting here would have made it and would no longer need to post here.
Cold calling takes practice. Anyone can do it with enough trial and error.
>Get rich quick books
>Unfounded optimism
Garbage thread like I expected
Heh, those digits are synchronic.
(cont.)
, except it's done in an eigth of the time. Wikipedia et al. too. The need to be efficient with my time has forced me to seek out the essence of everything as quickly as possible, and move on with my purpose. A themes summation of Camus' "The Myth of Sisyphus," would be more efficient than suffering his novella. The point of this work is to find a reason to living besides blindly believing in a higher power or accepting that their is no meaning, but suicide would be too difficult. In some 100 pages, it all can be boiled down to "humanity is destined to toil in search for meaning eternally, that is its purpose for living."
Though that's not say books are wasteful in essence. A good book recommendation and a troubled mind seeking answers will do more than introspection or passive reading by themselves. The connections created by ones' circumstances will be greater than any synopsis. However, in this case the purpose is to reconcile the emotional storm and figure out the next steps forward -- coming full circle to "read with a purpose."
Otherwise if you're a Type B, disregard everything I've said. Our purposes are perpendicular and both would be unhappy with the other's lifestyle.
Thanks, not used to actual great advice on Jow Forums! Although its not something I haven't heard before; Stuck at point 6. I'll go figure something out here.
>recieving 180k in investment inheritence
>recieving 480k in property sold inheritence (2/4 properties sold that is)
>before taxes
>this is 7.5%, my bro gets the same
>my mom is recieving 41.5 %
>accountants are creating a numbered company that will last for a year to evade a good portion of taxes
Two questions,
Where do I start with getting my mom to learn finances so she isn't taken advantage of?
Where do I start on learning how to do healthy investments to start a business after university?
>mech eng w/ aero student, 2 years down, got a year placement as test engineer on 18k GBP salary
I have two questions
>Why haven't you started a business yet?
Lack of experience, negotiation with investors are a pain in the ass, if you are a fresh graduate.
>Why and how did you fail at it in the past?
A mixture of both lack of investors ("You have no experience? Yes we give you 10% of the money you need, if we get 100% of the company.") and emerging competitors, who came up with a similar product for a different target group and a almost complete product, while we did not even started development.
>Ever completely failed and successfully started over?
Several times, yes.
After school, I failed an apprenticeship & got another one.
Afterwards, I failed to get a job in the field.
Then, I worked on minimum wage, got my a-levels on the side, did my major in finance and started a small startup which I stopped completely after four months because of the reasons stated above.
Now I collect experience for a couple of years, move back to my home town and open up my own consulting agency. I learned a lot by failing.