/biz/ - Business & Finance

>opening brick and motor retail store in 2019

>>10876494
Any suggestions? Im tired of working for companies, Im ready to start a business.

Owning a business isn't worth it. The hours you'll have to put in before even being profitable, in my opinion, makes buying and renting property a much smarter choice. You gain passive income every month which gives you the freedom to do literally anything you want. Just make sure you do your due diligence before purchasing a shithole money pit that will literally suck you down into it like a black hole

>>10876486
take your grandpa's fiat and go all in btc, bitmex it and retire 40

>>10876522
I said lets take a break from crypto. Please keep this in mind when you post here
>>10876516
So property management?

>>10876538
can't take a break from making it senpay

>>10876538
Yes. Convince your grandpa to invest in properties that you can rent out, either commercial or residential (I prefer commercial) with the money he would've given you for a business. You can act as property manager, which basically means the tenants call you whenever they need something or have a problem and you can fix it.

>>10876624
>tenants call you whenever they need something or have a problem and you can fix it
like when the wifi's out and they can't check blockfolio

>>10876486
do you have any skillz?

>>10876652
Yea Ive been a supervisor for 3 years, I have an industrial and computer hardware background with maintenance aswell. Nothing I can really put into a small business.
>>10876624
He owns 25 properties himself already plus a mini storage behind his business. He may be interested in me taking that over for a small cut

>>10876674
Sounds perfect. Even if you can't fix something yourself just hire another company to do it. Literally just make a phone call you don't even have to physically show up to the property

>>10876687
How many commercial properties do you have?

Retail is stupid. Service based business will always be more in demand. Aka a/c service, plumber, u get the idea

>>10876516
This is correct. However, don't conflate wanting to make money with wanting something to do- artisanal businesses while less profitable will provide you with a hobby of sorts. If you have shit you'd rather do outside the business then go the passive route.

>>10876810
True, if you have a craft that you love doing you will find a lot of fulfillment from it, even if you aren't making all the money you want

>>10876516
literally rent seeking and not actually creating wealth.

Everything is negotiable. Everything is as successful as you can make it. If its fun do it.

Buy real estate up north. Most of NA will be uninhabitable by 2040.

>>10876648
I said lets take a break from crypto. Please keep this in mind when you post here

>>10876486
I want to do something but I dont know what to do. I gotta very little cash saved up to start a business.

doing rental property is unlikely since I would only be able to buy a dump. Online store sounds nice, but it's hard to make a profit without finding a niche market.

being a salary slave sucks the life out of you.

>>10876486
I own a small biz anon, been running it for 4 months almost and its going pretty well. First of all as many have said, its a fuckton of work when you are on your 27th 13hr day in a row you start to question what the fuck you are doing with yourself, if you aren't mentally ready for the challenge or if you want to do this cos you think it will be light work don't bother.

With that said, being your own boss is amazing, calling all the shots is amazing, strategising, competing, thinking about growing is all very fun and being right is very satisfying. If you want to out yourself to the test for the next 10 years and see what you can accomplish it's definitely a worthwhile path.

As for your idea, i would seriously think about what your competitive advantage will be, not only now but 3,5,10 years down the line. Think about how the landsxape and industry is going to change, think how consumer behaviour changes. A vape store might work well enough now, but there are huge vulnerabilities, even in a small town. Think well about those.

I would suggest making up a business plan, and very importantly take a step back from yourself and the idea and think hard "will this work and what about it will make it work better than what is already out there and how well will it work going forward"

1 st of all a vape store is a stupid idea- most vape brands are shit and the ones that are good like vulcano vaporizer its already sold at amazon and how doy ouwant to compete with that

>>10876937
Right right, owning property which entrepreneurs in need of a place they can do business in, in no way creates wealth you're right! Those businesses I support should just get a food truck am I right?

>>10876486
Find something that is produced at mass scale and make it artisan in a way they can't compete, or find something that is artisan and find a way to scale it up.

You should try growing organic weed with the best genetics, cure, and methods you can discover rather than buying and selling commodities anyone can buy online.

>>10877074
What kind of business do you run, anon?

>>10877184
you are not creating wealth brainlet. Renting your space would be as selling it. If you sold your property to someone there is no net positive, the property is the wealth it just switched hands. Is wealth being created when you trade btc for cash? Or when you sell your car?
Now the business you rent to could be creating actual products. Then it isnt you, its them creating it. You providing them a space to do so does not make you a wealth creator. If you used that logic then you could say money loaners (jews) are also creating wealth, when we know they are wealth extracters. In short, you are a rent jew and you're deluded

>>10877286
So they should be sent out to the street, duly noted jealous anon

>>10877269
Artisan food truck, some people might say that it isn't scalable or too competitive. But i'm more focused on building a business model that I will be able to franchise in 3-5 years rather than staying as a smalle biz.

Would highly highly recommend reading " the e-myth". Learn about property from your grandfather on the side.

>>10877310
you depend on them not viceversa, they can rent elsewhere if you decide to be a prick. You need them so you're not stuck with a depreciating asset.
Unless you are the one who build up that place you are renting, you are not a wealth creator. If you bought it from someone you are adding nothing. You can redeem your leeching ways by building more places.

>>10876486
>Im
kys

I have an idea for an android app, but don't know anything about programming android. Can you do well with an app?

Hey OP I'm in the same boat lol, granpda can help me pursue entrepreneurship :) feelsgoodman

I make vidya games. Hoping one day to hit it big like Stardew or Undertale.

>>10876506
>im ready to start a business
>already a brainless wagedrone
Not gonna make it. You cant just start up Jobco and job yourself to success, you need a market

i sell fruit on the side of the road.

i make about 1k a month

im my own boss.

>>10877873
Ima quote you anon thanks for that!

>>10877836
How do you get started? What do you use?

>>10878070
not him but another gamedev.

You either need a skill (programming or art) or buttloads of money to pay those who do.

>>10878291
What about rpg maker? It seems like a lotta low cost games on Steam runs on that engine?

>>10877873
>You cant just start up Jobco and job yourself to success
hey i tried this in the recession. Jobbed myself while collecting funemployment. Thanks Obama

>>10878315
and they don't make any money.

if you are genuinely interested in getting started here are some tips:
Use the game engine unity or unreal.
blender is a good free 3D modeling package
Most of the programmers i have worked with started with C#
Youtube has tutorials for learning everything
if you get one of the skills the likely hood of finding someone willing to work with you increases 10 fold, idea guys are worthless in this industry.

>>10876486
I run a small mining farm and employ a cleaning lady.

>>10878477
Thanks

I suggest looking at your small town. Keep an eye on people for a couple of months. Even if its just for a small period of time, if you want to start a vape store look at your demographic. CBD is popular but would your town switch over?

Don't jump in blindly, take your time and research

>>10876486
friends of mine just started a vape online shop besides working normally

they are pretty deep in the matter and i think found a niche to go because even vape is pretty broad, and selling stuff you can get on amazon wont get you anywhere, so they sell stuff you mostly dont get in normal shops and mostly specialized stuff the normal normie vaper who just started doesnt know of anyway, that combined with heavy marketing in the scene could work (cant say if its working up til now)
online shop also has lower risks than retail i think because the investment isnt that large i.e. for location etc.

selling has always a bigger risk than properties, everyone needs space and there is only so much, shopping there is a vast competition

I own a dog walking / pet sitting business. I work a lot, but it's nice to be outside and get exercise, and I like dogs so I enjoy it. Business made around 100k last year, with very low overhead besides paying my two employees.

It's pretty comfy, easy money imo. If you live in a decent size city I guarantee there are enough potential clients with dogs/ cats around.

I could grow the business a lot but not sure I want to deal with the headache of managing more employees

take your few dollars and buy stocks of amazon apple or google, they will be around and you will profit with them- go with them rather than against them they will eat you alive trying to compete with them

running a small business nowadays is nothing but a meme- dont fall for it- et the big guys do the work and you reap in the benefits, its easier that way

>>10878679
How many hours a day do you work, also how many client do you have every month?, Are they consistent?

>>10879291
The majority of my income comes from the walks we do Monday-Friday. These are 30-40 or so regular clients that need walks for their dogs while they are at work . I'm usually out from roughly 1030-230 doing these, perfect hours for me.

Doing sitting on evenings and weekends tends to be less convenient hours, but it can be good money especially if you are able to have multiple dogs at your house.

Really the only skill required for this sort of service is to be very personable / friendly with customers. They need to trust you with their pet and a key to their house, so it helps to build a good relationship with them. Online reviews go a long way towards growing any business and especially helps with this sort of thing

>>10879434
Nice, sound like decent hours for that kind of money. Did you start of small,or instantly pumped your money in it?

>>10879732
The latter. I was lucky enough to buy the business from a friend of a friend after he wanted to move on to a different business. So I payed 20k for his clients / website / reputation and reviews. It definitely ended up working out well, because I made about 4x that in the first year. And i didn't have to spend time finding clients / building a brand and reputation , which could take some time at first

>>10879798
Sounds like great biz. You go sit at peoples home or do they drop em of?

>>10876494
>opening brick and motor retail store in 2019

You'd be surprised how much foot traffic a B&M can get in a small town. I was able to churn $1M gross out of a small airsoft store.

>>10876486
>>10876516
>Owning a business isn't worth it. The hours you'll have to put in before even being profitable
This anon is partly correct, unless you get a large capital investment to operate on for a year then it's going to be a lot of sweat equity, late nights, and not getting paid due to overhead. The best way to counteract this is to invest and operate something you're passionate about and don't mind suffering for.

t. starving winemaker

>>10880091
How about a barber shop?

>t.enrolled in barber course

obv gonna get a job and gain experience first.

>>10880112
If you're confident in your business and barber skills then don't sell yourself short. There are work-live units in my town that act as lofts with commercial space which would be perfect for a barber shop. You could cut your overall overhead in half. Or you could even work for someone else and do by appointment only on your days off. Live-work units are becoming chic again, be on the look out for one

>>10876486
Sell weed, unironically

>>10880133
Be careful with this OP - I live in a recreational legal state and there is a huge correction going on right now (as with all weed legal states). My state produced over 1 million lbs of LEGAL weed, and only 300,000 lbs were consumed. If you get in to the weed game then get in to the value added producer stuff - like making extract, oils, food, etc - you can scoop up large amounts of flower for cheap

>>10876962
DELET THIS

>>10876516
> The hours you'll have to put in before even being profitable

You can also make A & B. Instead of shitting around on /biz/, playing vidya, watching any stuff on internet, looking movies whatever - instead you put 2-4 hour in your own business.
You can also reduce your daily job to 20-35 hours a week, depending on your salary and your workaholic motivation and burnout stress level. If you cant reduce your hours a week, then get another job where you can do this.

There are a lot of ways do go a smooth way from a daily job to an own business. But you have to start. It is NOT "you have to work 100 hours a week": It is also about making smart choices.

>>10876486
There is a vape shop in my neighborhood which not only sells CBD, but also kratom and kava products as well. They have a lounge with game consoles and ocassionally host touranments. There is also a coinop pool table, and they're open late so it's a place to kick it and do legal highs. Honestly seems like a pretty comfy business to run.

>>10877911
The most important post of this thread, u the real MVP.

>>10880073
Tell us more. What are you actually selling?

>>10880522
This was my intention. I have the TV, xbox, and ps4, and I can get a pool and pinball machine. The goal here isnt just clients but rather an atmosphere that keeps people coming back and paying a higher price.

>>10881054
The hardest part seems to be getting people to hang out there for some time, unlike a club or cafe they can't serve food or beverages due to licensing constraints. If it was like a barcade with exotic kratom cocktails and sold vape supplies, that'd be dope but depending on the location it might be hard to get licensing for consumption on premises.

>>10876624
>Convince your grandpa to invest in properties that you can rent out, either commercial or residential (I prefer commercial) with the money he would've given you for a business.
horrible idea, dealing with renters is hell,

>>10881054
There's a local vape shop like that where I'm at. Shop owner was chill and we talked business for a while.

I noticed the people that hung out often asked for free samples, so you'll get a number of people like that. Still, his customers who hung out bought new coils, mod, etc.

His main entertainment setup was a TV with Netflix.

Kinda wondering how if a Gaming Net Cafe like place combined with a vape shop would be good or if that would take away from the vape shop being your core competency.

>>10876648
wifi isn't the landlords problem unless he offers it with rent. Few do.

>>10876486
For real vape shops? Isn't the market becoming pod systems? ie they'll all just end up being sold in gas stations like the Juul. Also, juul is like 70% of the market right now. Not to mention the non stop propaganda of "muh childrens" from big tobacco through their scapegoats in congress and municipalities.

>>10881691
I think theres a market for a place for younger adults to hang out, organize Halo LAN parties to attract under 30 somethings who dont mind the vape smoke.
>>10881938
Thats definitely something thats expanded. I smoked for a year and went to a vape store that offered a free kit if you got 25 bucks worth of juice, he also made his own liquids and had a full array of different ones to sample. Juuls are cool but they are far from the core vape crowd