/biz/ - Business & Finance

Normies Instagram posting their daily self improvement routine talking into a camera trying to be motivational infuriates me

>>21440388
its really not that hard if you just put in some effort and are not completely retarded.

Too bad not being completely retarded en putting in some effort makes sure 99% of the people can never make it.

>>21441465
>just put in some effort
no

>>21440388
>>21441465
>>21441678
You can just start your own business but if your country is a punitive shithole that expects mandatory insurance and licensing for every single thing you could do just give it up and become a wagie
Or in other words, why europe, canada and parts in america suck so much at job creation

>>21440955
Why the fuck are you on Instagram?

I like the idea of starting your own business, but literally everything in the modern world is conspiring against you pulling it off unless you're a heeb. You put in blood, sweat, tears, and a fuckton of money, and there's a 90% chance your shit goes to zero.

At this point I'm convinced that millennials doing "their own hustle" bullshit are just doing it for the alleged clout and bragging rights on social media, when in reality they're probably broke as fuck doing this shit.

>>21441810
There's not just all the hurdles, red tape, and paperwork. There's also the simple fact that economies of scale mean you'll never be able to compete with the big boys. They'll always be able to undercut you.

>>21440388
me but without the glasses, open mouth or balding

>>21442360

True,but the consumer wins, by getting a product for cheaper.These big companies have one major downside though, just like a soldier with too many supplies, big companies become a sitting duck. If you kick google in its ass it takes 2 years for the head to notice. Making anything possible like snapchat tiktok or instagram is impossible for google because the administration takes 18months to approve any project at all for example while the competition has already released their app, so they're always in the process of buying them up, sometimes their offer is refused and the next big company emerges over time.

>>21442360
Just be creative bro

>Just work at McDonalds bro, w-what do you mean I need a degree for that?

>>21442360
>>21442609
Too add to this
The Wal-Mart creator was working for J.C. Penny's as a simple clerk before he opened his own grocery store with the right idea that made him the leading grocery seller in the us and before J.C. Penny was the number one you had Montgomery ward or Sears.

>>21440388
>A scalable business

>>21440388
Start a Chainlink collection agency. The goons will be knocking for you soon enough.

>>21442632
Creativity doesn't matter when the giant corporate competitors can just copy your idea afterwards. Look at all the social media startups that got absolutely demolished, despite having novel ideas, because faceberg just saw what they're doing and a week later copied the feature.

>>21441465
>effort
I haven’t heard that phrase in a long time...

>>21440388
>starts his own business
>gets psy-op'd buy a fake pandemic 3 months later.
>loses everything.
Land of the free kek

>>21442609
>>21442778
this
big companies have economy of scale and the ability to invest in high capex projects but there’s always room for the little guy in the market. big companies are risk averse and don’t try new things, especially when the founder of the company leaves and its run by MBAs

>>21442778
Okay but for every one Walmart Dude there are millions who crash and burn. The whole point with this stuff is that There Can Be Only One, highlander style. And the chances of you being The One are so astronomically low that it's not worth bothering.

>>21442903
wrong. for every walmart there are dozens of local grocers and farmers markets. there can only be a few publicly traded companies but there’s always room for others (assuming govt regulation isn’t too overbearing)

>>21442903
>The whole point with this stuff is that There Can Be Only One, highlander style.
good analogy

>>21442896
They don't need to try new things, they can just rip off successful ideas with no repercussion. It's like watching two animals exhaust themselves fighting over a carcass and then a third swoops in and snags it.

>>21442970
Local grocers are dying off. No one makes much money organizing farmer's markets.

>>21440388
with what money

>>21443141
> They don't need to try new things, they can just rip off successful ideas with no repercussion
intellectual property? sure, small companies sell out a lot like was mentioned earlier with the social media apps but that’s not stealing. as far as non-IP goes the smaller companies offer a customer experience that big corps can’t, ie local credit unions offering better interest rates and personalized service for mortgages and business loans
> No one makes much money organizing farmer's markets.
it’s not about being a millionaire, it’s about being able to provide for your family and not have to suck corporate cock. if you’re talking about the lifestyle that gary vee and tai lopez offer, then yes, there can only be one

>>21440388
Official Webpage:
https://www.standardcryptofund.com


https://medium.com/standard-crypto-fund/standard-crypto-fund-qqqf-f8ced06ac82c

>>21442970
>>21443141
There are niches in the market simply because of laws, transportation or physical space. Wal-Mart can undercut so many stores by getting huge amounts of produce to giant stores which allows them to cut costs of transportation. The Wal-Mart stores are usually in sub-urban areas adjacent to main traffic streets with many parking spaces.

Wal-mart can't undercut transportation in cities like New York, Manhattan. There is simply not enough space, the streets are too full for big truckloads of items, parking spaces costs an enormous amount of money and store walking-proximity is the dominating factor in buying groceries to begin with. Wal-mart can't make anything cheaper there so classical grocery stores can survive in that niche.

>>21440955
probably make more money then you

tfw
> applied for voluntary redudancy, will give me 5 months post-tax pay, over 1 year of expenses in total
> got stacks in the bank, a further year of expenses
> big portfolio I expect to 100x over next golden bull
> currently a tech consultant, will start a startup if my application gets accepted

feelsgoodman, stars are aligning

>>21440955
>infuriates me
get a fucking life lmao

>>21442778
You believe these fairy tales?

>>21440955
As someone that can bridge the reality between a normie and autist I can tell you its all as shallow as it seems. Normies that post on instagram live a worse life than you think. Its not hope of a better tomorrow that drives them like a link marine. Its the views and likes they get and that dopamine rush fades faster than nutting in an old sock.

>>21442360
Wrong. Larger companies need to operate at scale in order to make a product profitable. They wont even get out of bed if a product isnt doing minimum revenues of hundreds of thousands or millions per month.

There are products that do thousands to 10s of thousands a month that they dont touch. Also, if you have an in house operation, your expenses are practically zero if you dont need to store products in house.

>get a degree as a software engineer
>get paid $50-150 hour for small odd jobs that are easy as fuck while still studying
>$91k salary out of the gate
>can work in my underwear at home no problem
>still investing in crypto and shit at the same time
all other degrees are worthless
when I start my business, I'll make millions of dollars
software is comfy as fuck anons

>>21442609
>snapchat tiktok or instagram
These apps went viral via luck and probably someone involved had money to market it and get the ball rolling. They aren't anything special.

Also lol at selling anything outside of Amazon. You can't. They are Skynet:

https://www.youtube.com/watch?v=x6U2Un5kEdI

And selling shit on Amazon is also luck. If you see someone posting pics of how much money they make on Amazon, when hard pressed, they basically admit it's luck, they don't even know how the fuck things work, because you can't, the algorithms are closed source.

>>21445220
What business?

>>21445467
Planning on getting into AR development, honestly wherever the wind blows is fine for most companies to build a decent one, and I'm not retarded.

>>21440388
>I will open my pub in 17 years when my mortgage is paid off

>>21440388
I worked and studied for about 4 years and now I have a 100k. I can now be free to start my own business and live on very low expenses.

>>21446086
I studied engineering and worked for a construction company to make about 70k a year. I lived at h0ome and ate ramen. I've been putitng my money into ETH and LINK/;.

>>21445677
how do I connect with you and give you money to gofoirwad

>>21442360
Ngmi with that attitude bro, big companies have so many fucking holes in their systems you could turn most of them into a unique specialised business

>>21441810
I live in the UK, you have no idea

Literaly any fucking brainlet can run a food truck or coffee shop. Learn to make some coffees and buy a machine and rent a small place.

>>21446809
He said Europe....cleary you dont past the mandatory 50 IQ to start a business.

>>21442858
>incorporate
>pay State $400/yr for the chance to make money and give to them

>>21442609
>True,but the consumer wins, by getting a product for cheaper
Until they try to get housing and are priced out by all the mexicans, orientals and pajeets.

>>21440955
>instagram
NGMI

>>21445220
where'd you find odd jobs?

>tfw have a pretty nice business idea
>not motivated enough to start
>scared it might fail

>>21440388
nothing wrong with starting your own business.. i know someone who did and she's been extremely successful so far.

>>21447123
Teaching/tutoring is a good way to do it.
You just need to be confident and communicate well.
Another way is looking for people who want app dev consultations.
Old people's tech problems is pretty good too - surprisingly. You get to help sweet old ladies who bring out some tea, tip you *really* well, and you're really only fixing simple issues.

Most of the real money in computer science jobs is not in being an autistic code monkey that sits in a closed office to code all day.
It's being a likeable autistic code monkey that gets along with everyone and makes themselves valuable. None of these jobs would work for me if I didn't have soft skills to back up software skills.

>>21446931
UK is special, even for europe

>>21447331
I hear ya. It's taken me the past year or two to learn to slow down and dumb it down at work

>>21447158
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>>21440388
>just put a bunch of borrowed money along with your life savings not to mention time into something that will most likely fail leaving you bankrupt
>NOOO YOU CAN'T JUST INVEST IN ESTABLISHED BUSINESSES WITH GROWTH POTENTIAL!!!

>>21441887
Good question. I only check it every so often

>>21440388

thank me later

>>21448192
>>21448192

>>21443479
I'm not talking about selling or being acquired. It's very easy to take an idea, change a minor thing and have it still be "good enough". And how long will customer experience matter when no one has any money? God bless globalism.

>>21441465
growing a business to the point where you can pay yourself a livable wage with health/dental/life/etc. insurance is hard as fuck. look at the number of bullshit scam artists who A-L-W-A-Y-S quote their business success in terms of sales and not net income. no one gives a fuck about your """$10k/mo""" business if you're netting $1k/mo.

God damn you fags are so defeatist. We get it. Everything is shit and pointless. Please just fucking off yourselves already

>>21442105
There's lot of businesses that are not risky. You have a warped reality of what a business is because every business that the media talks about it is a money losing VC backed startup or a fortune 500.

You can literally buy businesses at 2-5X EBITDA with 5% down using a mix of SBA 7a loan and seller financing, up to $5M. First 6 monthly loan payment are forgiven because of covid.

Starting a business is easier than ever especially since most small businesses are service based and you don't need like any capital to start. The businesses that fail are low IQ retards opening retail/restaurants/construction firms only to realize the industry average net profit margin is <3%.

>>21440955
The trick is to bait the normies with the Instagram self improvement platitudes and sell them merch with those platitudes printed on it.

>>21445429
Nice to see another amazon chad on here.
My peak sales so far is $2k/day, with 1 product. Gotta pump out a couple more projects to get to your level, but working on it!

>>21448815
Nah.

>>21440388
I did and it fucking sucks. No different than waging

>>21449501
>>21449608
another dumb nigger quoting revenue. how much do you actually bring home, dropshitter?

>>21448596
i agree globalism and crony capitalism is a problem that makes it harder for people to operate successful businesses. but to suggest that owning your own business is a one-in-a-million chance is wrong and counterproductive. 4chan has a lot of non-npcs and the best way to counter what’s going on is to make as many people as self-sufficient as possible. i’m not going back and forth with you to be a dick or win an argument, it’s just not true that it’s near impossible and people with ability need to know that

>>21445891
W

>>21449627
Read the E-Myth Revisited.

>>21445429
>>21449501
What this?
White label, print on demand, dropshipping?

>>21449627
Business owner here, this guy is more or less correct, your customers become your bosses and you work 14 hour days getting shit off the ground. Still, there are pros and cons for both.

If you think starting your own business is going to be easier, or if you think if you put in a few years of work you can sit back and have employees handle everything, just stick to your wage job instead. If you want truly passive income, you need capital or luck.

>>21442896
In the old days they did. Now companies like Facebooks and Google can just swoop in buy, build what works based on their data mining.

Also the BCs now love to employs the strategy of employ something similar and keep it running even if its at a loss until the competition is run out of business.

>>21449501
>>21449857
Not me, it was some guy here that once hard pressed said it was basically luck, couldn't explain what he exactly did to get organic traffic on his products. A product went viral somehow.

Same as this guy if you asked him:
>>21449501

>>21449887
going off this, it's also important to consider what kind of business it is. software meme business threatens to fail, who gives a fuck because you had $0 invested in it. a business which requires actual capital investment threatens to fail, or products with a 5+ figure COGS won't sell? you're going to be killing yourself pulling 16 hour days because failure means real money goes up in smoke.

>>21450073
this. but you still have to spend money on marketing. theres no way instagram and twitter and tiktok and all this shit became viral out of nowhere, there were probably trust fund babies spending money on ads

Most successful entrepreneurs are 35+. At that point you've built up a large amount of business experience and know what it takes. The young start up guys are retards who think they can just make something and it will work.

>>21449740
40% net profit margin, so approximately $400/day on $1000 rev. Sometimes more.

>>21449340
deluded

>form band
>create LLC
>run crypto gains through LLC as payment losses
>profit

>>21450000
Random products = luck
improving other popular sellers and buying reviews = process

>>21449783
I know it's not impossible, it's just incredibly difficult, many time to the point of futility. I wouldn't even say that many successful businesses are worth it. A lot of them are perpetual work and stress. And like the guy correctly calling out drop shippers mentioned, what is your net vs your gross revenue. I don't really know what the answer is. The dream is to be able to work for yourself and not be chronically overworked. If you had a few million it'd probably be just as easy to throw them in SPY and live off of that.