/biz/ - Business & Finance

>>18634903
where is the part where they started with a huge financial advantage in the form of inheritance, good parents, education, and exposure to success from an early age

>>18634925
If you keep repeating those excuses to yourself you'll never make it.

>>18634925
Sweep that under the carpet Anon! That doesn't count!

>>18634925
That's a myth pump by the mainstream media to manipulate you that you not worthy enough. Don't listen to that BS. They are just promoting eye-capture articles to make profit from their advertisers.
>>18634958
Thanks Anon. I'm tired of overly-used bullsh*t excuse why they can't make it in life.

>>18635040
There's plenty of people who started off dirt poor and made something of themselves. Do other people have it easier? Sure. Fuck them! Target them! Take the money from the people who have more of it than sense. The only thing that gets in the way of making money by preying on the consumer is their egotistical pride. People start businesses every day and with this pandemic the opportunities are endless. They sound like my friends who played animal crossing on unemployment and took a nice little break. Fucking losers who don't grow up.

>>18634903
Carnegie was a peasant then turned himself into one of the richest men in the world, only difference between him and any of us is the amount of competition and regulations.

>>18634903
100%: exploiting workers and stealing their surplus value

>>18634925
Literally mix things from under your kitchen sink put it on blotter paper and sell it.

>>18634925
lol no wonder you’ve done nothing with yourself. You’re pathetic. We live in one of the best eras to get rich with the internet. You used to have to be attractive and a natural salesman to become a good business owner. Now it’s faceless. You’re an idiot.

>>18635040
t. silver spoon

Gonna take this time to brag about my ad revenue. I have nothing else to contribute.

>>18635346
Why are you even here loser

>>18634903
Hey guys
Im looking to consolidate the trucking industry to such an extent, in order to be bought out.

I could get a business loan to buy an established small trucking business and use the earnings to buy another small trucking business repeat.

Im waiting after i graduate college to do this.

What do you think?

>>18635378
To drink on you, “””entrepreneur.”””

>>18635346
Lmfaoooooo seething Democrat defected. I hope universal basic income become a thing because I’m going to retire off stupid people like you. It’s an exchange of energy and nobody forces you to work for wal mart. You stupid peasant will be poor for life because you have the wrong mindset. Your life will be perpetual defeat and will bear no fruit. Let’s just hope it’s a short life for your own sake. Pathetic lmaooooo

>>18635375
Where are the ads?

>>18635403
Cope more, wantrepreneur. My net worth is higher.

>>18635388
Make sure you don't buy a trucking company that's hemorrhaging money just because it's cheap. Once you've bought a company make sure to transfer you loan to them so the debt will become company debt instead of yours so in case the company goes bankrupt it won't ruin you.

>>18635326
So find an angle with neither competition or regulations?

>>18635413
iOS app. I forgot to mention it. If it wasn’t passive income it wouldn’t be worth it.

So start a company that invest in stocks and real estate and give yourself a high salary

>>18634903
Unironically how many inherited $1m?

Not salty just genuinely curious

>>18634903
Memes aside, how do you actually go about starting a business?

I mean, you can't just have an idea and make money off that. You need someone to manage the shit, these days everything has a webpage or app, so you need someone to program the shit as well, you don't know how your business will go, so you need marketers and other experts, then you need employees themselves and a place to do your activity in, on top of that, you need to actually pay them.

So really, what is the bare minimum you need to go from man to entepreneur? How the fuck can you be so sure your more capable associates won't kick you out and steal your idea?

>>18635426
Basically, or just befriend a Chinese politician and they'll give you a company. Look for a market that has potential, of course there's going to be a lot of people doing the same so you might have to lobby a politician to change a couple of laws or an advantage. For example: before avocados weren't as big but then some laws were changed allowing import of them, with the increased supply demand also increased. On the opposite end the chicken tax put a large import tax on small trucks which lead to the death of the ford ranger inside the united state, but increased demand.

>>18635489
Probably the biggest chunk of the "business owner" category. You just don't go about starting businesses with no prior exposure to the trade.

>>18634925
You have biz, there is no better education that that. You have advantage

Big opportunities on Ebay. People still scared to outside in some states. As far as what you should be selling? I'd be dumb to give myself competition. It's possible though and if you dyor you should be able to figure it out. There's some irrationally sought after items. Especially now.

>>18635425

I honestly thought that the debt will be forever tied to myself. As in unless i form an LLC i can get fuked. Thanks for the heads up.

>>18635510
You first start out simple. You're one guy who likes chocolate that tastes like raspberries. You make it, try to sell it in farmers-markets. Then you expand with a "small loan" from a bank after 6 months in business. Get a simple store, a core team of production, and yourself overseeing what ways you want to your chocolates to expand. You can get a consultant company that sepcialese in chococlates that helps you in regards to the most optimal of growth
>>18634925
Its not the end all, be all. There are alot of ghetto millionaires i've met who made their fortune selling specialized fast foods in their communities. Not like store fronts, but mutlpite small venders near intersections.

>>18635346
>Profit=Bad

>>18634925
>>18635001
>>18635346
>>18635371
NGMI!

Drop that loser mindset and get a move on, the world is unfair. Some had an advantage, others didn't, what are you gonna do? Cry about it? If you are, let me sell you this straw so you can suck it up.
Anons like
>>18635375
>>18635388
Are gonna fuckin make it. Keep going big anon, also tell us more about your app.
>>18635489 only 20% iirc. A lot of business owners I know either saved up the capital, or made a prototype and pitched it to investors

>>18634903
What a stupid cookie cutter chart. Isn't it common knowledge that most millionaires have multiple streams of income, as in most do all those things on that chart?

>>18635597
I love eBay, but right now the post office is so fucking slow & its really pissing me off

>>18635510
I started by buying the product I wanted to sell, made it look better with marketing and charity shit, then just sold it to friend/family etc. Made about 500 bucks. Not bad for a 15 year old. If yours is a service based company, start by doing a few gigs, do some for free or cheap, then once you have a good rep start charging more. If you aren't sure how much to charge, go with the first number in your head, i.e. 50 bucks an hour for consultancy, then double it. Unless you're clearly green, people won't notice and will take the high price as an indicator that you're high value.

I also wrote an Ebook, that one I can't comment on shit cuz I've been too lazy. See the problem with entrepreneurs is like we're mosquitoes in a nudist colony. So many great ideas, you dunno which one to take. Right now I'm focusing more on Investing in stocks and assets as I'm joining the army for 2 years soon, but I am laying the groundwork for a company I wanna set up.

>>18635510
Also join a sales company for about 3 months. It will be the worst 3 months of your life, but by god you'll learn to fuckin sell

>>18635346
Based

how do i get more traffic to my shopify site?

>>18636052
Post it on here and annoy people

>>>18634903
> /entg/ - Entrepreneur General
feels good to be back <3

>>18634925
>I'm a literal nigger who can't improve in his life

>>18635455
How many downloads you got on this one? How frequent are the ads? I assume you use interstitials and video ads

>>18634925
more than 90% of millionaires are first generation kid

>>18634903
somehow I don't see wagecucking or LINK in this graphic. Am I not gonna make it after all?

>>18634903
I'm torn between developing 'freemium' iOS games or more enterprisy SaaS software.
Seems like with the first one you're mostly hunting for a handful of addicted whales, while for the second your success depends on selling unproven software to big clients, and adapting it to fit their needs.
Does anyone have experience with either of these two?

>>18636920
not if you keep wagecucking. A high paying job can make you affluent but not an entrepreneur

>>18634925
>>18636904
about 67% are fully self made, abou 50 of the remaining managed, to even grow that wealth further

>>18636920
>link not investment

>>18637032
I think with SaaS your better off starting simple as possible. I've worked on a few and they never launch because the goal posts constantly shift.

>>18635346
People will get mad at you for using the word exploiting, even though it is accurate. In the future maybe consider wording it as, "Optimizing placement of workers who's skills in a system to provide the best output for the least input"

We have a discord server? I remember a few links floating around in the past.

>>18637998
Too wordy
“Cost optimization” is enough

>>18637992
Why do the goal posts shift? Feature creep or trying to chase a market trend?

>>18634925
Don't be too pissy anon. They simply have the advantages that we all want our kids to have. They were just lucky enough to have progenitors who planned for their success.

oh wow my entg threads are back. glad to see them

>>18634903
if i start a business that does stonk investments and i pay myself highly, will i be a multi millionaire or just increase my odds of becoming a millionaire?

>>18634925
>Oh no you can't build intergenerational wealth
Literally crabs in a bucket

>>18635375
What app? I'd love to supplement my chump change of daily BAT with some actual cash.
Do you have to actively interact with the apps or can you rig it to just be passive on a phone? I have an extra phone I could just leave plugged in at home for something like that.

>>18635346
>write out a definition of working but describing it using words with negative connotations

>>18637923
>>18636904
I too like random numbers out of my ass

(e/π)% if millionaires are government supported in the US and their parents had at least one doll growing up

>>18635326
Carnegie only made it big after massive investment from Rothschild/Rockefeller can’t remember which one. Even then he turned them down initially, yes he was already rich but not to the levels that made him a part of history.

>>18634925
lmao this guy has low iq ancestors, supersize that butt hurt for me faggot

>>18634925
All born equal, son

>>18636878
I have quite a few downloads unfortunately people basically only use it once or twice because its a video conversion utility. And I use fullscreen ads including video sometimes

>>18639298
I wrote it and its available on the app store. Ad fraud is much harder nowadays to do.