Actual business discussion

Does Jow Forums ever talk business or do you guys just wank about crypto prices?

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fcuk off

Huh?

None of your business.

Huh?

Well small/medium business in general is in structural decline with constant headwinds looming. You can see this with empty malls and bankruptcies.

And we haven't even had the next big recession yet. Whereas Crypto is the future of Money.

The richest guys on the planet are bankers. The second richest got rich because of funding by bankers.

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So you guys don't actually know anything about business. Got it.
Abandoning thread now

Stupid question, stupid answer

Small businessman here. Partially successful in tech startups and old-school business. Won't do again. Low interest rates made its easy for bigger corporations/ventures to suck up smaller competitors and consolidations began. Unless something actively promoting competition and preventing consolidations, small businesses are fucked.

Pro-tip: Do a less stressful (finance is fucking bad for your health) job keeping plenty of time for stock-selection (beyond INDEX core; core satellite model) and risky crypto/biotech picks. Choose dividend bluechips and use dividends to invest asymmetrically into biotech/crypto. Small business will take lots of your time which is the best currency you have. Spend that time with family and friends. Unless you have 1-2M in bank, don;t bother doing small business. At worst case, you'll loose best time of your life and no amount of money can buy that.

It's a containment board for crypto, it's used to all be on Jow Forums.

The Recession is already here.
SMEs are being wiped off the map.
>T. ex-SME worker
Even the Big Companies are laying off workers
Don't expect all of these to be reported to you manchildren

if I have 1-2m in the bank I'm nearing retirement desu

what do you do now?

They are deliberately clearing out the market, for some kind of shitty monopoly/oligopoly and fuckin' over the rest of us.
I pity the retardoptimist entrepreneurs who actually took the SMEloanbait from the banks.
They are literally gettin' fucked over so hard and it kills people's souls to see their dreams die before them.

Based advice.

Businesses are hard and boring. Besides, you are just fooling yourself if you think your business is relevant. It only exists to stop monopolies forming but if your business stopped existing tomorrow it could easily be replaced by another.

Product Manager of a gov tech. Comfy job. Wish I disn’t spend golden years of my youth working for Silicon Valley startups and TechCrunch brainwash.

1-2M is not enough to retire in most western countries realistically. Comfy amount is around 3.5M.

One advice if some user reading this and stating afresh

Level 0: pick a boring business focusing on cash-flow. Learn marketing as much as you can. Also learn operational management / sourcing etc. Targey a niche large enough to create a viable business. Start with eCommerce, not products or digital services. Physical services are good. You should be starting this as a side hustle with your full time job. Your primary target is to build capital base for next level

Level 1: Target businesses with higher capital requirements such as Franchise / Car wash / Clinics etc. But stick to traditional model inclined towards utilities / franchise. At this stage even if you fail, you don’t have to return to wageslavery. Learn how to scale a business at this stage and efficiently manage cash flows

Level 2: Go for a risky product / tech / B2B SasS -/ whatever TC brainwashes you. Seek external funding leveraging your Level 0/1 business experiences.

I like this.
If you fleshed out the details of level 0, you could even offer it as a book or course. I'm at level 0.85 presently, as I systemize my physical service business down to fewer and fewr actual hours in shop. The obvious end game is to transition my existing level 0 into a level 1 with a system, so robust, minimally qualified employees can crank the wheel, while I focus on expansion and diversification.

>Level 0: pick a boring business focusing on cash-flow. Learn marketing as much as you can. Also learn operational management / sourcing etc. Targey a niche large enough to create a viable business. Start with eCommerce, not products or digital services. Physical services are good. You should be starting this as a side hustle with your full time job. Your primary target is to build capital base for next level
This is so on point, at least from my limited perspective as someone who is actually doing it, that I feel compelled to double post about how much I like this. Hopefully, the kids will listen this.

This I don't like. Please delete. (I'm a kid who won't listen to this)

Gonna leave my job in a big company for a hopefuly better one in a startup, how is it ? Is there a way to get involved in management easily ?

How do you not know that biz is actually a shrimp farming board.

Buy LINK sirs. Many lambos.

Depends. If you are extrovertish, and love to put on multiple hats, management jobs are plenty but depending on level of the startup, it may contain to product managements only.

early stage: engineers / researchers + 1/2 PM + CTO/CEO/Founders
mid stage: (solution-market fitness achieved): More PMs / Director of Product / Director of Sales & Marketing / BizDev
Late-stage: like a corporation.

Pro tip: in startups, usually engineers don't like managers (except few friendly and competent product managers) too much. So be careful and extra-friendly to them.

Thanks user. My first post was actually a fail-safe strategy / fall-back strategy (strategy-B) Ultimately we are here to experience life and it can be done without getting involved in complex and stressful world of SMEs/Startups (strategy-E). It's also a function of age and agility. Strategy-E (Level shit) ideally suits for someone younger. However, anyone still can follow earlier strategy-B. However if you gets burned out by Strategy-E or fails after some trials through Strategy-E, fall back to Strategy-B till you refuel. As you age you may like Strategy-B better, esp when you have loving family with kids etc.

I'm engineer myself, silicon process development with experience in process integration. I've already worked with the startup at my current job, helped them with process development as part of a partnership. The question was more about how easy it is to get involved higher up, especially in a company of 60-something people

Also I'm rather extrovert

>Wish I disn’t spend golden years of my youth working for Silicon Valley startups and TechCrunch brainwash.
why?

>1-2M is not enough to retire in most western countries realistically. Comfy amount is around 3.5M.
That seems a bit exaggerated, 2M is easily enough to retire and 3.5M is certainly ideal but I'm not sure it's necessary. 1M is at least doable if not kinda mediocre.

I've been on /biz for a few years now, and the crypto thing started very suddenly, almost like on command.

Does anyone else think it was done by someone on purpose to derail actual business or finance conversations so that people would waste their time & money on crypto?

Like instead of maybe 20%-30% of the threads providing advice, now under 1% are actually not about crypto.

Even the crypto threads are useless, mostly memes and wojaks, no actual discussion.

Makes you think.

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business in 2019 when the world economy already started taking a dive
literally the beginning of the biggest crash
kikes setting the stage for world war 3 by pulling the rug from their fake economy

>start a business goy

I think the main problem is that people go into small businesses with shit ideas. You can't hope to make a startup that can compete with google or walmart in their respective spaces, you have to do something kind of different, otherwise why the fuck would anyone pay you more money to do the same thing probably worse? There also has to be value beyond things like followers, likes, pageviews, etc. Just because you have a large social media following doesn't mean your business is worth much or you provide anything of real value. I have quite a few friends and family with successful small businesses, you're right it is hard work, but if you say any of these things:

>I want us to be the uber of x
>I want to get rich
>I want to hire other people to run the business
>Well google/facebook/walmart/mcdonalds/insertcorporateconglomeratehere made it work, why cant we?
>We just need to stretch our marketing budget further (no amount of marketing will make pieces of shit profitable)
>You think getting a large amount of funding with no sales or usage is a good idea
You're 100% totally and completely fucked

I dont mean you as in you personally obviously, just speaking generally.

lol people have been saying similar things for decades, probably centuries. The periods immediately after WWI and WWII were some of the most prosperous (and profitable for business owners) times in american history

Any body got experience with working with places like Alibiba to make a custom product?

I am going to need 2-3 companies to coordinate from what I can see.

Considering most retail is dead, you're either going to make it in the food industry or not at all.

>food and retail are the only two industries in the world
you retarded?

Bump

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neato user
how the fuck did you move from level 1 to level 2?

I have a gift shop I just opened with 2 employees and 1,500 square feet and its doing decent. How the fuck do I get to the next level, or do I just amass wealth and keep my eyes open for the next opportunity?

shrimp farming mothafuka

best retirement plan is owning rental properties. Basically, if you can buy a condo, live in it a while, then rent it out, even if you're breaking even, then you'll do okay because eventually you'll have it paid off and then you'll have a steady stream of at least $1000 a month. Do this three times and you'll be pulling in $3000 at retirement on just that. probably more by then too