TIPS For First Time Entrepreneur"s Anyone??? flo_keenan22: Hi! So i had an idea a couple of days ago that i would REALLY like to start my own errand service business. Running errands for senior's, busy professionals, parents, businesses even and i would really like some input from any small business owners, entrepreneur's out there? Im planning on doing this solo to begin with. Im want to make it a fully legit business, licensed and insured. Any pointers would be appreciated!! Thanks meatpacker: ...Another thing for you to know is your margin of profit and cash flow,If you planning to take on debt,....then never allow your debt payment per month become more than half your cash flow...myself i would rather see it at a quarter to a third..it's more comfortable to handle..Love to chat with you some time am a trader myself..hope this was some help...take care foosquad: Free Cash Flow (FCF) is the most important metric to track and nurture. Beyond that: invest for the long term and keep cash in your business for as long as possible. Also, consider using your business as a tax-advantaged investment vehicle (your business can own a portfolio of securities and debt as well as any individual). sammybabe10: I teach people how to profit from digital currency or anyone who wants to i can show you a great way to earn big money in a short time if interested message me I also do property investment that gives 7 per cent guaranteed return in a growing 5 star destination with guaranteed 5 per cent yield ASK FOR FREE INFORMATION Thanks Sam meatpacker: the funny thing is for those buying into digital currency......it's not that easy to sell it after u made a profit....for what i understand......... so i wish u all the best of luck...lol Jack Scott: Meatpacker, it's funny you say that because I was thinking the same thing. People are bragging about what their digital currency is worth but I really want to ask them, "Is there someone who wants your digital currency? Is there someone waiting in the wings to buy it up from you the moment that you want to exchange it for US dollars?" meatpacker: Jack....Another big problem is lot of these countries don't have the same valuation in the digital currency.....so it's buyer beware.... meatpacker: Jack,,,If u want something to invest into something try robotic stocks.....they are the future of tomorrow, if you check out Robo, Mzor, Botz, they all trade on NASDAQ (But u have to do your home work).... Another stock i like for the long run is NVO/ny......they make insulin, supply is always in demand...diabetes is not going away anytime soon.. Cheers The giant midget: You guys are all spot on about the digital money I personally not into that stuff because I don't have any faith or trust in crypt currencies as its value is the same as Monopoly board game I don't even trust the traditional banking sector, I personally just keep enough funds to cover household bills and cars trucks bike insurance I pay cash for daily or weekly necessities Don't label me as a pessimistic person which I am not I don't think that our banking system will run away with my handful of pennies I just dont trust our infrastructure specially and foremost Electricity In times of crisis cash is always King Without electricity a citizen flashing all his/hers credit cards,their atm debt cards you can't even purchase a bottle of water to crunch the thirst of a child You may have a million dollars sitting in a bank account but you don't have access to it you are good as penniless Society has been addicted to plastic money past 20 years Jack Scott: Based on what you're saying Giant Midget, it would almost make more sense to buy everything with plastic while stockpiling your cash. That way in the event of a crisis, you'll have the cash on hand while everything else you need is payed for with borrowed money. The giant midget: True to a point Jack Borrowed money isn't cheap But in time of ""crisis """ that little plastic card is useless meatpacker: The best tip,,, I could give u is always have 2 sets of books... Never tell the government more than they need to know.....90% of the time, they already know anyways.....lol (Post deleted by Mahdi19 ) | Business Chat Room Similar Conversations |