/biz/ - Business & Finance

was all that time spent working to fly private instead of business worth it? is there an amount of money above which it isnt worth it?

>>56362160
depends how much you fly. i enjoy traveling a lot, but airports really fuck me up, i get sick half the time too. so i mean yea it's a pretty awesome benefit
to answer your underlying question, the biggest benefit is not having to work obviously. being able to eat whatever you want, do roughly whatever you want whenever, with few limitations, is 90% of it. cars get old really quick, most stuff does. having a nice home with top tier speakers and a gigantic pool is at the top of my list of what made it worth it
in my experience it's hard to only make a few million. once you can make a few, you can reltaively easily make 10-100x that because you (roughly) 1. figured out how to choose good industries/products, 2. scout talented people, 3. delegate and incentivize said people, 4. they grow your shit for you endlessly, in addition to investments

>>56362132
Did you come here when you were building those businesses? And if so, in what way did it help you?

>>56362256
to biz? yea ive always come here. ive learned a few things from various posts over the years but it was pre-crypto so i couldnt tell you what. its a shit show now

>>56362383
And what keeps you coming back here after all the success you’ve had? I know ‘we’re here forever’ but what value do get in here?

>>56362132
>>56362206
>>56362383

Ok, what would you do if you had to start over today with 2k usd in the bank?

>>56362447
the anonymity and randomness that it manifests is a more entertaining experience than anywhere else. i mean what else am i gonna do, go on reddit and read about retards selling tshirts on etsy to fund theri vaginoplasty? fuck that
i dont come here that often, its almost the only place i use a browser to visit besides work shit. i love vidya but theres nothing thats interested me in a long time. i like pvp mmos which i think to be fair are technically and creatively the hardest possible projects, and with probably the smallest audience so its not a very intriguing opp cost for the shops that could do it

>>56362477
i dont operate like this anymore because at my level everyone knows what the score is (usually), but starting out you go to war...

1. business is war. your partners and executives are your biggest liabilities. read the prince, and take it literally like a non-retard. so you start there, by understanding that, and that ethics and morals go out the door immediately. if you aren't ready to go to war, stay a slave
2. start finding your victims (partners). go to reddit entrepreneur and send out 100 dms to new guys looking for partners that are also poor. manpower is what you need. you can get that without money
3. realize the legal system is the new entrepreneur's largest ally. it allows you to legally eviscerate everyone and reap all the rewards at your discretion. it allows you to build an army of slaves. they won't see it coming, they won't understand the words on the paper, they won't even bother reading. they're green, and they don't know they're at war. it's called equity and keeping majority shares and director positions (or manipulate the doc so theirs is meaningless), vesting schedules with cliffs, and non-competes. there's not much else to it
4. now you have people working for free on equity. keep having your equity slaves work with you to find something that clicks. you want diff people depending on what you're doing. you always need a marketer. your marketers are your omst important people, and arguably the only ones you won't fuck with.
5. if nothing works out, fire everyone before the cliff and go find new pratners and start over again. if something does work out, fire everyone and keep only the people you can't easily replace
6. you can scale this and have 60 partners working fulltime for sweat equity across 15 companies and just fire them all before cliffs if they suck, rinse repeat, but you're limited by time and have no money to delegate managers. this is what accelerators do

smth like that im not writing a book

Bump

I wonder how everyone who was here in 2014/15 is going now. I'd say you've done better than most.

Is the key to making businesses to have other people? I guess the marketing at least, like you said. I can imagine putting the pieces together for some products but wouldn't have any idea how to make people aware and desire it.

>>56362132
Half the cost of a private jet is entirely insurance.

>t I used to work in the luxury yacht industry

>>56362613
Don't you need a clever business idea first?
I'm guessing your post does not really apply to starting a signs business, or a landscaping company.

I make 180k a year drop-shipping and I don’t really care to hire anyone to help. I just log on and work when I feel like it and see bank account get bigger. I can live anywhere in the world. I have money for any stupid little thing I want and I was never materialistic in the first place. Growing a legitimate business with employees and partners seems insanely stressful to me compared to little e-commerce/drop-shipping niches that can secure you a comfortable life (real estate, hot GF/wife) with magnitudes less worry

>>56365577
Can you tell me how you do this? I recently became a dealer for some products but not selling much

How do you go about selling a company with around a 10 million dollar/year revenue, no patents and no connection to software or finance? The ultimate revenue if every potential customer in the US used my product is around half a billion/year, but I don't have the skills to push it that far.

There are a lot of things that can go wrong, but I know how to make a consumable product that can solve a common problem in construction. However, the process was mostly figured out in some other industry 40 years ago so there is little chance of patenting it. In other words, all I have to protect myself are trade secrets. Someone could probably reverse engineer it, but they would have a hell of a time figuring out how to make it at scale.

What can I do a year out from actually starting mass production to increase the odds of selling the company when I have pushed it as far as I can?

What are some common mistakes people without much business experience make when developing a company to sell?

What kind of people would buy a company like this? Is it the same companies that go around buying up software companies, or some other demographic?

>>56362132
What do you think of this idea I had of starting an illegal gold mine? Do you think there are some rich people that are ready to help invest in such an operation?

"Starting an illegal gold mine in a corrupt African country like SA or Zimbabwe can't be that difficult. Right? When I think about it it probably can't cost more than 500K upfront investment for a small operation that could net 500g per day at 60K/AuKg. You could pay 10 workers like 3K per month which is a lot in their country so you could attract not totally incompetent workers with one day's production. the rest is operating costs, but there has to be some massive profit margin if you can launder that Gold."

>>56362613
>1. business is war. your partners and executives are your biggest liabilities. read the prince, and take it literally like a non-retard. so you start there, by understanding that, and that ethics and morals go out the door immediately. if you aren't ready to go to war, stay a slave
how is this not obvious to everyone? I find it funny that people defend capitalism, yet capitalism is usually painted as darwinism and savagery. well... it IS that. you want a civilized world in which everyone respects one each other, then why the fuck would you defend capitalism? lmao....

>3. realize the legal system is the new entrepreneur's largest ally. it allows you to legally eviscerate everyone and reap all the rewards at your discretion
you need lawyers for this, don't you? or, are you a a lawyer?

>>56362132
So I think I've found a valuable niche in a developing software industry that's unexplored. I recently had a rare bit of insight leading to me filing for a provisional patent. I'm not sure if I should try to build this business myself, I'm a reasonably good software developer and I have money to burn, but I'm a bit nervous about the execution. My last project failed, and while I'm reasonably confident in the value of this discovery, I was also incorrectly confident about my most recently failed venture as well. I'm almost certain that if I don't bring this innovation to market, someone else will. I'm trying to decide between seeking to license this innovation vs commit to investing the time/resources to build a proof-of-concept.

How about raising money from rich assholes. You've had some successful exits. What's the pitch need _in today's economy_? What's that boomer wanna hear? Which grant money are you looking for? What has been your fundraising experience?