How is your business startup doing, Jow Forums?
How is your business startup doing, Jow Forums?
Failed. Back to wage cucking for me now.
What where you doing and where did it go wrong?
Quite good actually. I cleared a million in sales last year and I'm expanding to 3 more locations this year.
I've posted this truck a few times. I bought this like 8 months ago and ended up selling it for 3k profit to the owner of my company.
There was another vac truck up for sale on the same website and I got my penis engorged with entrepreneurial excitement. It was close to my house and I thought i would get another cheap used vac truck, but this time I was going to get my contractor's license and start a business.
Well the last truck I got for 14k. This one the auction ended up going to 30k. I didn't get my truck so tfw no heavy equipment based small business. I'm also pissed because I feel I sold my old truck for 10k less than I should have sold it for.
unironically starting a shrimp op next week when i get paid. wish me luck anons.
Barely hanging on. Doubt we'll be in business in 3 months.
I used my gains to get a new laptop, dslr, drone, and trip to Europe/Japan. I plan to build up a content library for a blog and marketing materials. If I fail at least I can write off a good time and all my new shit.
Don't give up, user. Opportunities are everywhere. Keep checking listings and you will find another naive schmuck selling for cheap.
My ecommerce site is doing alright at least it is getting steady income but I really need to expand it. Which is why I'm investing in creating content.
Awesome. Got any words of advice or encouragement for fellow entrepreneurs?
Where are things going wrong for you, user?
i bought it from a government auction for 14k. I spent 5k shipping it from texas to cali and another 5k shipping it back to my boss in texas (part of the agreement we made). I spent 10k on shipping and still profited.
I'm scared the market has wised up and discovered this website I bought it from. There's literally no more vac trucks on there and I thought I hit gold since the one I was bidding on was an hour from my house and I now have a yard where I could park it. Unfortunately, it got bid out of my range by some truck retailers
Have you considered leasing one while you start up your business? Maybe you can rent it from your boss? That way you can start your business, work out the kinks, and then shell out money for your own truck. If things turn out badly, at least you aren't 30k in the hole.
So I have a net worth of approximately 50k, but when I bought this truck for 14k + 5k shipping I had very little fear because a piece of heavy equipment is a tool. It's not like a shitcoin that can dump overnight. I looked online at the used market and saw that the cheapest price was like 50k. I had my truck posted online at about 40-45k for a couple months before I took my boss's offer of 30k because I started to get spooked, but as soon as I sold it I got more interest from people online. I wasn't patient enough.
I wouldn't want to lease one, I would want to buy it outright since I believe credit is for jews to profit. A new truck is in the 150 to 200 k range, and buying one used from a dealer is going to be at least 70k. Also, I would need to get my contractor's license and get insurance. It's not insurmountable hurdles but it's daunting.
Don't be a pleb who is afraid to leverage debt.
All of this shit is gonna sound cheezy but it's working really well for me so far.
Focus on making the business work and the money will come on its own.
Every single customer has to be treated equally well, doesn't matter if it's a $50 order or a $50000 order.
Employees work better when they have a stake in the business, and when they're treated well, an element of competition can also get good results.
Don't settle with good enough and don't rest on your laurels, steady growth and improvement needs to happen constantly.
Hire a really good accountant, they're invaluable.
Don't get lazy with your bookkeeping, it's easy to get fucked that way.
Publicly address and rectify every negative customer experience.
Think outside the box for potential customers, for example I sold my shit to the military, (there's a base of about 10,000 people in my city), which none of my competitors had thought of, turned out it was huge for me.
Don't let the business take over your personal life, in the end it's still just a way to put food on the table and a roof over your head.
Keep at it anons, I got lucky with this one since it was my first, but I know most of you have enough weaponized autism to make it.
>making public statements
what the fuck company are you running brah? The public doesn't care about 99% of shit
Good my unsupervised learning tool finally started working after two years of work. Crypto made it so I don't really have to worry about cash flow until I figure out the next steps.
Maybe I'll launch an AI coin.
>not understanding that interacting with both positive and negative reviews on the web is invaluable for your brand.
Let's say you are selling neck ties. Someone makes a review on your site or on yelp about a neck tie they bought from you being of poor quality. Which of these scenarios looks worse: A bad review about your products quality vs. A bad review about your products quality that the business owner took the time to respond to personally to own the mistake and fix it.
Bad enough for me to start a second