/biz/ - Business & Finance

If you're all of that you have no reason to be a millionaire, you're already happy. Just chill, go buy some beer and a pizza and watch a game

I only have like €800 to spend after deducting stuff like rent, energy, taxes, insurances, internet, etc
Other than buying buttcoins on a 125x leverage in 2014 I don't see how I can possibly have more than a few thousands saved up by now.

>>50188811
I donate 75% of my money to the church. I'd rather be rich in the kingdom of heaven than rich on earth. Have fun burning in hell.

>pay check
ngmi

>>50188921
>Giving money to the biggest scammers on earth
Actually you'll be going straight to hell for not directly lifting your fellow brothers up instead you lazily give to a scam organization known for killing people and stealing money.

>>50188921
You will never be a spirit

I almost agreed with you but consider this counter-assertion which completely defeats your argument:
>society is collapsing

>>50189003
You have 24 hours to make a million dollars before I collapse this ass-beating on your L3 vertebrae.

>>50188811
Explain such a retarded opinion

>>50188811
That's Enie van de Meiklokjes

>>50188811
I'm trying anon. Got 2 years until I'm 30 and have 150k capital trying to start a unique printing biz. Got plenty of other biz ideas though.

>>50189093
2qt4me

>>50189123
Godspeed, anon. Go get it champ.

>>50189180
What would you do if you were in the situation described in your OP?

>>50189236
Become a millionaire, which I did.

>>50189252
As for the specifics, let me preface this with saying that crypto will not make you a millionaire, unless you're extremely lucky, and it's of course the lucky few that get all the traction in media, then everybody buys in on this shit thinking they'll be an overnight success. What you need to do is build a business. I started a small bakery when I was 22, no premises/shop, sales were online only. A couple years, the business grew and I needed to hire a couple more people, whom I also had work from their own homes when they weren't with me experimenting with recipes, defining our product line, and all that stuff. A couple years more we opened a shop and hired two more people. I sold the business at 29, and now I'm here.

>>50189415
Congratulations. How did you market?

>>50189570
Thanks.
>How did you market?
Facebook, unfortunately. I live in a boomer area, and that's what they have access to. I also occasionally rented tents in the farmer's market on Saturdays to promote the business and printed flyers.

>>50189676
Very interesting and how much did you sell for?

>>50189901
1.3M. One of the locals bought it from me, actually. It's still open to this day, and another shop was as well.

>>50188811
you're right

but i never cared about money

>>50189958
How much was the business profiting during the year you sold?

>>50188811
I agree, however I never had a steady paycheck because I'm an unemployable piece of shit NEET. I wish things could have been different, but they aren't.

>>50190006
Our yearly sales got as high as around 75K at our very peak, we incorporated a lot of international recipes into our product line that really jived with the locals. About a year after that I was approached with a sales offer. Truth be told, I didn't need to sell it, but I was kinda getting tired of baking as a business, and my first two parents couldn't continue due to life getting in the way. So I might as well.

>>50190259
>my first two parents
lol
my first two partners*

>>50190186
You could always start a business doing something you actually like. I knew a guy who was a for-hire Warhammer 40,000 figurine painter or something like that. He actually made quite a handsome buck. It wasn't even a business, I think he advertised himself on Reddit or something.

>>50188833
Some people want more out of life than just beer, pizza, and loneliness.

>>50189415
is it normal to become a millionaire from owning a bakery? were you already on track to become a millionaire before selling the business?

i only ask because i always read on places like reddit that restaurants/bakeries operate on razor thin margins and the owners barely make any profits. is there any truth to that? if so, what did you do differently that allowed you to succeed?

>>50192727
I don't know if it's normal or not desu, since a lot of small bakeries become failing businesses too quickly for me to get an idea of what they're worth in 8 years of successful operation. Also from what I've personally seen, I think what really kills a lot of bakeries is too much initial investment (I've seen this happen with an old couple I know. Took out a loan to open a shop with some high fidelity equipment and high-capacity ovens, even they were just barely starting), really poor marketing, and not enough originality. I started with making really basic breads, cookies, muffins, brownies, etc. Then I got more creative, and provided gluten-free options (not to be cynical, but 99% of the time people who go for the gluten free option don't have allergies or sensitivities, they just think gluten is bad for some reason even though bread texture really sucks without IMO but hey it's in demand), and what really kicked up our momentum was the international recipes. For example, pic rel is halva, a middle eastern sweet made with sesame paste as its main ingredient. This thing was a giant hit, and the best part is, super easy and super cheap to make. You don't even bake it, just put stuff together and wait for it to come together.

OK I got off-track, what I'm trying to say is that small bakeries certainly have the potential to be that lucrative, but a lot of them just either fail or close too early due to a variety of factors. I think WHERE you open a bakery is also pretty key. Had I opened my business in an urban area with highly health-"conscious" (read: misguided) hipsters with too many competitors around, I don't think I would have made it.

>>50192727
Also
>were you already on track to become a millionaire before selling the business?
In our last 3 years of operation, our annual sales went from around 52K to 75K. I'd like to imagine it would have went even higher with time. The current owner is actually doing very well with it, he opened a second shop (the name didn't change for brand recognition), and there's possibly a third on the way. He used to be a baker like myself too, so I left it in very good hands, and he's certainly happy for it.

>>50192535
That's called greed. Those people will always want more, they'll work their whole life and die still wanting more. You have to decide that you have enough at one point. I'd say if you have enough to quit waging and chill with beer and pizza, you have enough to be happy. After that it's just a mental game of whether or not you can find a happy mental place

>>50193252
Not necessarily. I wanted more out of life and I'm satisfied with what I got. To say that to want more than beer and pizza is sinful greed is pretty ridiculous. Greed is insatiable, ambition has a goal.

>>50193363
>wanted more out of life
You were 22 anon, at 22 everyone is ambitious, so was I. Now at 33 I couldn't give less of a fuck, all I want is a stress free life

>>50188921
Your tithe should go directly to helling the people suffering around you. The fact you give 75% to a organisation is idiotic. Calculate your personal tithe and see where it is best spend in your community. Jesus Christ helpen those around him. You should try to uplift those in your community the same way. Never donate to a charity far away. Those are top tier scammers.

>>50193399
Hey man, I'm 33 too, and I'm chilling. I'm no longer shooting for something because I'd already reached it. I've settled down and starting a family soon. I'm just saying, greed is one thing and ambition is another. And ambition is certainly not limited to age either, one could always find that calling later on in life. Like the old man who carried on my baking business, he was inspired by it even though he was 60-ish.

>>50193071
>too much initial investment
for you, was it worthwhile to start out online only? Like would you be able to generate a decent amount of sales by renting a kitchen and selling online only via food delivery services? How important was it to have your own shop?

>international recipes
were these customers mostly international themselves? for example, were middle eastern ppl the ones mostly buying halva? or was it popular for everyone?

>more questions
how many customers would you generally have on a daily basis? was it as busy as a starbucks?

did you offer catering/takeout services? or only order-in?

can you give an example of how much it would cost to produce a certain baked good and how much you would charge for it.

>>50193483
>for you, was it worthwhile to start out online only? Like would you be able to generate a decent amount of sales by renting a kitchen and selling online only via food delivery services? How important was it to have your own shop?
Yes, it was, but it wasn't easy when the orders really started rolling in. Had I gone back in time, I would have dedicated a portion of my earnings to hire an employee ASAP. More than the equipment and premises, baking is just really tiring work. I'm up on my feet 12 hours a day mixing, kneading, prepping, WASHING, just... ugh. Getting my first two partners was such a huge load off my back. And it also really boosted our sales, so that's what I would have done differently.

Renting a kitchen is gonna depend on your circumstances. My partners and I all were available to work from our respective home kitchens when we were still an online business, but if something is really getting in the way of that, then yes, renting a kitchen for you all to work would be a pretty good idea. Just don't go for something big, you don't really need it, at least when you're still small.

The shop was a pretty great boost, it helped a lot because it increased the visibility of our business by like ten folds, and having everyone working on the same premises fixed the coordination issues we were having pre-shop. Plus there was already a demand for a walk-in shop, many people approached me when I was still renting out tents on the farmer's market for one. And of course I marketed the shop to be a superior option to online due to freshness (which wasn't completely true, our delivery trucks had on-board ovens to keep our products from going stale en-route, but it still wasn't perfect).

I should also emphasise the location of the bakery. Had my shop been in an urban area, I don't think it would have done very well. What really helped was my relationship with the locals, since I attended the farmer's market often and created a demand for a shop.

(1/?)

>>50188811
You have to be 18 to post on 4chan.

>>50188811
>bachelor
>no bills
>no dependants
>give money to parents monthly to help them enjoy retirement
>not millionaire
While I’m not a millionaire, I have enough financial stability to where I can go a few years without working if it ever came down to that. My end game isn’t to rack up as much money as I can before I die, but to rather enjoy the time I have on this earth with my family. The fags I work for know this and they seethe internally because they know they can’t afford to fuck with me.

>>50194022
Meant to say no debt, not no bills

>>50188833
>>50193252
>"Watch a game"
You're a fucking retard lol.

>>50193399
sounds like u’re just a loser, imagine being content with goy slop and pisswater watching some retards run around on ur goyvision.

>>50193483
>were these customers mostly international themselves? for example, were middle eastern ppl the ones mostly buying halva? or was it popular for everyone?
I assume you're asking with the shop in mind. No, most of our customers were locals, but we did get some people from outta the area occasionally, and some of them were internationals. The products in general were popular with everyone thankfully regarding of culture of origin, there were no market biases.

>how many customers would you generally have on a daily basis? was it as busy as a starbucks?
Funny thing is, our online orders INCREASED with the shop's opening, but the actual shop itself wasn't really hyper active. We were open 8 hours a day from 10 am to 6 pm, and I'd say, on an average day, we get around 100-120 customers.

>did you offer catering/takeout services? or only order-in?
We did offer catering, but we didn't get many orders on that front, only a few corporate and house parties.

>can you give an example of how much it would cost to produce a certain baked good and how much you would charge for it.
OK so this is a lot for this post, so I'll summarize: A simple loaf of sourdough bread cost me around $2.20 to make, and taking a plethora of expenses into account (including my employee's salaries and shop rent) along with inflation, we sold them for $3.20, which is actually cheap for sourdough all things considered.

>>50194098
btw i dont even think being a millionaire is a must. here is what u need to be by ur 30s:
>respected by ur peers
>not let urself go and still take care of urself physically and mentally
>good diet, hygiene etc
>good morals(optional but prefered)
>decent financial situation
It’s literally that easy, not expecting people to be millionaire bad ass supercar driving pussy slayers.

>>50194182
thanks anon

>>50188811
nah, you're anigger
>>50188921
>bribing God
Are you a jew who goes to church?

I make six figures and only have $5k in the bank at all times. I spend my money on rent, food, truck, guns, ammo, camping/hunting gear.

>>50194564
No problem!

>>50194666
Coast moment

>>50188811
>no long-term or short-term debt
>$600 rent bc living with poor friends
>6 fig salary
I love being an incognito rich person

>>50190259
>3 partners
>75k peak sales per year
>gets 1.3 million for his third
No

>>50188811
>muh "dependents"
>doesnt understand the concept of helping family with finances
tell me you're american without telling me

>>50195140
6 employees, 8 years.

>>50195209
75k in sales

>>50195331
I know, the shop wasn't as lucrative as our online side, which was actually boosted by the shop, but not vice versa. It's weird.

>>50192535
Imagine getting lonely. HAHAHAHAHAHAHAHAHAHAHAHAH

>>50188811
The us is not all the world retard, you clearly dont know how fucked third World countries are.

>>50195432
Oh. An online side changes everything

>>50188811
I was a millionaire then I bought LUNA because I believed Do Kwon.
I learned the hard way that you can't trust gooks,

>>50195677
Yeah, it's how we started. It remained our main business to the end desu, the shop was opened more for practicaticality rather than a need, though it did end up being a good investment because it just boosted our online sales so much.

>>50195798
Congrats on making it

>>50195880
Thanks man

>>50195715
>cant trust gooks
i learned this from having a gook father and see how his side of the family was sneakier and snakier the jewiest jews

>>50188921
Based. I love telling liberals that I'm a philanthropist. When they ask what causes I support, I tell them about the huge sums of money I donate to trad/extremist churches, second amendment activists, anti-abortion orgs, and religious private schools/homeschooling co-ops. Watching them seethe is hilarious. What's the matter, I thought you supported charitable giving? Lmao

>>50188811
Go and look up median salarys around the world and you will see that being a millionaire in your late 20s is not doable for 90 % of the population

OP is just larping and it's pathetic
have fun playing pretend
t. millionaire from crypto

>>50192535
Who said anything about loneliness you projecting incel. Who said money would buy you good friends?