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Forum ยป Is trying to start a side business worth the risk in this current economy?
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Thread: Is trying to start a side business worth the risk in this current economy?

post 1687133863 07-24-2023, 09:23 PM
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  1. MarxStomper
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Is trying to start a side business worth the risk in this current economy?

This may be a generic question, perhaps some pointers or experience from brahs that are currently self-employed? Thanks
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post 1687133873 07-24-2023, 09:24 PM
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  1. OliverHeldens
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Yes. This is actually the best time to start a business. No competition.

The last 12 months have flushed all of my competition away, so although the pie is much smaller, I'm getting a much larger chunk of it. And I don't have to deal with these other fuks undercutting me and causing me to waste time chasing deals that don't amount to anything.
post 1687134063 07-24-2023, 09:31 PM
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Originally Posted By OliverHeldens⏩
Yes. This is actually the best time to start a business. No competition.

The last 12 months have flushed all of my competition away, so although the pie is much smaller, I'm getting a much larger chunk of it. And I don't have to deal with these other fuks undercutting me and causing me to waste time chasing deals that don't amount to anything.
"Who was 12 months?" Good to know that
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post 1687134153 07-24-2023, 09:33 PM
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Originally Posted By MarxStomper⏩
"Who was 12 months?" Good to know that
You could probably make $50k before the end of this year as a Window Washer. All you need is a ladder and like $10 worth of tools and a bucket.
post 1687134423 07-24-2023, 09:42 PM
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Originally Posted By OliverHeldens⏩
You could probably make $50k before the end of this year as a Window Washer. All you need is a ladder and like $10 worth of tools and a bucket.
Right on. Was thinking of something like boat detailing or something similar. inb4 West Marine or Juan Depot
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post 1687134723 07-24-2023, 09:50 PM
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"Side businesses" don't work.

I explain this to people all the time.

A successful business is "worth it" when it beats an average of 10% returns on investment, as that's the general market behavior.

So anything less than that and you're wasting your time and energy when you could just put it into the stock market and put 0 amount of effort into it

Anything more than 10% and you're wasting your opportunity cost by not doing it as your main source of income 100%. If you can beat 10%, you should put everything you can into it to maximize That return.

Side businesses are a dumb as f*ck idea.
post 1687134803 07-24-2023, 09:52 PM
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  1. MarxStomper
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Originally Posted By Condo41⏩
"Side businesses" don't work.

I explain this to people all the time.

A successful business is "worth it" when it beats an average of 10% returns on investment, as that's the general market behavior.

So anything less than that and you're wasting your time and energy when you could just put it into the stock market.

Anything more than 10% and you're wasting your opportunity cost by not doing it as your main source of income 100%. If you can beat 10%, you should put everything you can into it to maximize That return.

Side businesses are a dumb as f*ck idea.
What about both?
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post 1687134883 07-24-2023, 09:55 PM
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Originally Posted By MarxStomper⏩
What about both?
Again, if you're doing less than 10% in your side business, put all of it into the market

If you're doing more than 10%, put all of it into the business and quit your job and maximize the 10% return.
post 1687134903 07-24-2023, 09:55 PM
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Depends on what business, which market, and what are the barriers to entry.
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^^^Racist police officer who also cries about how racism doesn't exist, also cries reverse racism and typifies the stupidity of the racist right, referring to black people as "they" and regurgitating racist stereotypes.
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