/biz/ - Business & Finance

>>16302990
I've been looking at buying a small business. I've probably looked at a few hundred, dug into the financials on maybe 70 or 80.

>>16302990

Dear vishnu...

>>16302990
>or are you all just investing your McDonalds paychecks into cryptos?
yes. All in btc

>>16302990
I run an online "business". I've been making $100k-$250k/ year in profits for the past 5 years. I don't want to explain exactly what I do as it's a very niche field and I don't want competition from a million /biz/ pajeets.

>>16302990
best I got is im looking at buying a couple of closed down business in the cabin town i moved into. they havent been opened in years and would really help the area out a ton. just not sure I wanna put the effort and loss of money into them. And I started by nickel and diming and putting my your unfit for society gubment checks into crypto.

>>16303271
> How did you get there
Found out that there's money to be made doing it 7 years ago. Spent 1-2 years learning, setting everything up and growing. Since then the "business" has been pretty stable.
The market will probably die off over the next 7-10 years so I'm looking for new busines opportunities.

My advice would be to keep your eyes open and don't assume X business idea is dead or there's no money to be made just because that's what most people say. Most people are retarded and suck at entrepreneurship. When they fail at X business they assume everyone else can't make it either.
I have a friend who makes/ has made tons of money from running dropshipping shopify stores (if you believe everything you read you would think dropshipping is dead). He's very smart/ talented though, I'm sure it's not easy money.

>>16303236
I wouldn't recommend buying a business unless you know the industry inside and out. You can buy a shitty, poorly run, unprofitable business for dirt cheap and turn it around into a money making machine if you know what you're doing. The other alternative is paying a shit ton for a well-run profitable business, but it will take years before you recoup your initial investment.

>>16302990
i get paid in crybto, ama

My uncle recently decided to invest in me and pay for me to get my FFL (federal firearms license) and we’re gonna meet in December to develop a business strategy for getting into the gun business. Pretty fucking excited because I currently work in a gun store and they’re being dicks about letting me see my family on Christmas and this pissed my uncle off so we’re gonna siphon business from them

300,000. Restaurant/Bar

>>16302990

>>16302990
source the video this screencap is from now or i will gouge out your fucking eyeballs

>>16304118
https://www.xvideos.com/video41213859/best_ass_ever_-_dizzy_fitness

Own a design and build company

Expected turnover 450k next year

I am in UK

>>16304142
i need those buttcheeks in my life

I own a bar and restaurant.

Protip get number one on Yelp.

I drive a 2011 Jetta and invest everything back into my businesses

I work 7 days a week in weekends you can see me taking out then trash at the bar and even washing dishes.

I haven't had a day off in forever. I support about 10 families

Pic related

>>16304326
Damn, I want my own comfy bar

Not a small business owner, but I work in government contracting so I do a lot of awards with small business if that’s something

>>16304142
>>16304287
pornography kills boards, it killed /b/ it can kill anything.

pornography is a legitimate weapon, don't bring it here.

>>16302990
Real estate operating a business. 11 units...rent them out. That’s it. Two rules...no families with kids or pets and I don’t live in my own property. I rent an apt and my tenants don’t know I own the building...they think I’m the super and I work for an office that manages the building.

>>16304468
About 150k a year and I work a freelance gig in the side...wife works her own job as well and we don’t have any kids yet.

>>16304468
Who collects the rent?

>>16303271
>>16303325
thanks for the advice

Can any /biz/ people give me advice with liability insurance, like what can I expect to pay each year? I need to talk to an insurance broker but there is so many out there I want to get an idea first.

Basically I want to start an earthmoving business and need some liability insurance for my startup company just incase for example I hire an excavator off someone and somehow blow a motor worth 500k up or accidentally hit someones truck on a job. I plan on trying to avoid these things but 1 mistake like that could ruin me.

>>16304577
Not very expensive. I pay $480 a year in real estate, which is supposed to be a more expensive area.

>>16303271
I remember you, are you the guy who sells fishing equipment?
>>16304445
Based.

>>16304577
I pay product liability insurance - its 4K on 500K sales - but, its a medical device that I sell - so more pricy that paperclips (insurance wise)

>>16303824
okay, i'll bite. what is your profession?

>>16302990
Imagine how stained her panties must be

>>16302990
imagine getting up in that b hole. imagine her sphincter puckering around your meaty shaft