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Being tradie business owner is so underrated
07-16-2018, 06:17 PM
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#91
- chickenbroccoli
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Originally Posted By GonHx⏩
Like I said I thought they were full of chit too, but then I saw their financial statements with a CPA’s phone number on them.Who would do project estimations? Normally, the owner would be able too.
You haven't a clue, so you need to hire one. You are you gonna pay 3k/month for a junk estimator, or 5k/month for a skilled one?
What about a foreman, who are you going to hire that you can trust enough to over-see all work done? You ready to start paying over 6k/month for one?
Also, you can't even answer a simple question of "what would you do to stand out amongst competitors?".
Guarantee your friends arent making as much money as they claim, and like I said before, you have a small piece of the whole story they are telling.
You haven't a clue, so you need to hire one. You are you gonna pay 3k/month for a junk estimator, or 5k/month for a skilled one?
What about a foreman, who are you going to hire that you can trust enough to over-see all work done? You ready to start paying over 6k/month for one?
Also, you can't even answer a simple question of "what would you do to stand out amongst competitors?".
Guarantee your friends arent making as much money as they claim, and like I said before, you have a small piece of the whole story they are telling.
As for the question “what makes you stand out amongst competitors?”
Honestly in my business that question rarely comes up since I usually give an introduction for myself and background. Then I proceed to answer every one of their questions thoroughly. Because I know they are testing my like you are now. So that question should be self evident. I’m not going to stop them from interviewing others. If the question does come up I’ll do a little self promotion.
I am very logical, and very diplomatic. I am complimented all the time. So I can tell you what other say about me. Not what I think of myself.
As the project progresses I am always reachable and firm in my answers. Always. If I don’t know something I admit it. Because there is not much I don’t know in my business.
As always there is the question of price versus value. A good salesperson convey’s that without saying it.
And always always always listen more than you talk.
07-16-2018, 07:03 PM
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#92
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Originally Posted By hotsaucebrah⏩
Yeah yeah we all heard this taleFriend of mine is a tradie who owns a couple of businesses, makes bank, Baja boat, lakehouse, travels a lot, always banging some hot 22 year old srs. Looks 25 and is 34. Meanwhile desk jockey's getting that dad face, extra lbs, eye bags, and dark circles from their soul sucking office job staring at a computer screen all day.
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07-16-2018, 07:17 PM
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#93
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Originally Posted By Azn00Superman⏩
LMAO thisYeah yeah we all heard this tale
everyone has that friend who makes a million per year selling lawnmower parts or installing hot water heaters. We've all heard the stories.
Jennifer_Lawrence_okay.gif
07-16-2018, 07:30 PM
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#94
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Originally Posted By Maestro⏩
Well, how many people actually try it? That’s probably part of why you don’t here about it very often. Like I said I’ve seen the financial statements, and it’s real. With some sizable upfront capital investment and hard ass work starting a business can payoff exponentially.LMAO this
everyone has that friend who makes a million per year selling lawnmower parts or installing hot water heaters. We've all heard the stories.
Jennifer_Lawrence_okay.gif
everyone has that friend who makes a million per year selling lawnmower parts or installing hot water heaters. We've all heard the stories.
Jennifer_Lawrence_okay.gif
Or sit there in you cubicle and your ******** and CNN with your soy getting minfukked. It’s up to you.
This is assuming you don’t live in the middle of no where.
Im sure you doubt huge stock market gain stories too. Okay.gif
07-16-2018, 07:37 PM
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#95
Originally Posted By chickenbroc****⏩
Can't think of any business owners that would show a friend "financial statements" for no reason. Even to brag. You are full of ****.Well, how many people actually try it? That’s probably part of why you don’t here about it very often. Like I said I’ve seen the financial statements, and it’s real. With some sizable upfront capital investment and hard ass work starting a business can payoff exponentially.
Or sit there in you cubicle and your ******** and CNN with your soy getting minfukked. It’s up to you.
This is assuming you don’t live in the middle of no where.
Im sure you doubt huge stock market gain stories too. Okay.gif
Or sit there in you cubicle and your ******** and CNN with your soy getting minfukked. It’s up to you.
This is assuming you don’t live in the middle of no where.
Im sure you doubt huge stock market gain stories too. Okay.gif
Then again, you are probably full of **** about everything.
You say "listen more than you speak" yet you are here saying you can make XXXX amount of dollars if you open a trade business out of your ass pretty much.
Dumb.
Also "financial statements" mean ZERO without context.
I've picked up 100k checks for home repairs and renovations, etc. I know most of that money isn't going to the owners pocket, because I know how much labor and material costs. YOU HAVE NO IDEA ABOUT THESE THINGS
07-16-2018, 07:41 PM
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#96
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Originally Posted By chickenbroc****⏩
Most people don't try it because they don't have the financial means to do so. It takes money to make money.Well, how many people actually try it? That’s probably part of why you don’t here about it very often. Like I said I’ve seen the financial statements, and it’s real. With some sizable upfront capital investment and hard ass work starting a business can payoff exponentially.
Or sit there in you cubicle and your ******** and CNN with your soy getting minfukked. It’s up to you.
This is assuming you don’t live in the middle of no where.
Im sure you doubt huge stock market gain stories too. Okay.gif
Or sit there in you cubicle and your ******** and CNN with your soy getting minfukked. It’s up to you.
This is assuming you don’t live in the middle of no where.
Im sure you doubt huge stock market gain stories too. Okay.gif
Also, Its a catch-22, which is why its so rare. If you live in the middle of nowhere its easy to save up money, but you'll never have enough clientele to make a sizeable income, but if you live in a major Metropolitan city you'll have the clientele, but you won't have the money to START the business because living expenses will eat you alive monetarily.
Every rich person I know thats my age (early 30's) is rich because their parents are rich. If you don't have car payments or tuition or rent to worry about and your parents let you take out a $20K loan in their name (because lets face it, no bank is gonna loan that much money to a 20 year old) of course they're gonna be in a better position than the average joe going to a 4 year getting into debt and plopping their ass in an office chair crunching numbers for 30 years.
07-16-2018, 07:42 PM
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#97
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Originally Posted By Maestro⏩
Are there stories about people who make millions selling lawnmower parts? I'm referring to someone who makes 400-500k owns or is a partner in several businesses. One being a venue they rent out during the year for various events and then during June/July is dedicated to selling fireworks.LMAO this
everyone has that friend who makes a million per year selling lawnmower parts or installing hot water heaters. We've all heard the stories.
Jennifer_Lawrence_okay.gif
everyone has that friend who makes a million per year selling lawnmower parts or installing hot water heaters. We've all heard the stories.
Jennifer_Lawrence_okay.gif
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07-16-2018, 07:44 PM
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#98
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Originally Posted By hotsaucebrah⏩
I was being facetious.Are there stories about people who make millions selling lawnmower parts? I'm referring to someone who makes 400-500k owns or is a partner in several businesses. One being a venue they rent out during the year for various events and then during June/July is dedicated to selling fireworks.
07-16-2018, 07:45 PM
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#99
Originally Posted By Maestro⏩
man, things are NEVER this cut and dry.Most people don't try it because they don't have the financial means to do so. It takes money to make money.
Also, Its a catch-22, which is why its so rare. If you live in the middle of nowhere its easy to save up money, but you'll never have enough clientele to make a sizeable income, but if you live in a major Metropolitan city you'll have the clientele, but you won't have the money to START the business because living expenses will eat you alive monetarily.
Every rich person I know thats my age (early 30's) is rich because their parents are rich. If you don't have car payments or tuition or rent to worry about and your parents let you take out a $20K loan in their name (because lets face it, no bank is gonna loan that much money to a 20 year old) of course they're gonna be in a better position than the average joe going to a 4 year getting into debt and plopping their ass in an office chair crunching numbers for 30 years.
Also, Its a catch-22, which is why its so rare. If you live in the middle of nowhere its easy to save up money, but you'll never have enough clientele to make a sizeable income, but if you live in a major Metropolitan city you'll have the clientele, but you won't have the money to START the business because living expenses will eat you alive monetarily.
Every rich person I know thats my age (early 30's) is rich because their parents are rich. If you don't have car payments or tuition or rent to worry about and your parents let you take out a $20K loan in their name (because lets face it, no bank is gonna loan that much money to a 20 year old) of course they're gonna be in a better position than the average joe going to a 4 year getting into debt and plopping their ass in an office chair crunching numbers for 30 years.
I live in the middle of no where, 70k people on the island I am on, and the trade business is booming.
Of course, this is due to different factors.
So you really can't say, "If you live in the middle of nowhere its easy to save up money, but you'll never have enough clientele to make a sizeable income"
200k/year not sizable enough for you?
Also, for newbies, starting up in the middle of no where with little competition is probably the BEST place to start. Its hard for new people to stand out, unless, their strategy somewhat differs from the current establishment/market
07-16-2018, 07:47 PM
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#100
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Originally Posted By GonHx⏩
How many times did I clearly say YTD P&L and Balance Sheet prepared by a CPA will be the judge.Can't think of any business owners that would show a friend "financial statements" for no reason. Even to brag. You are full of ****.
Then again, you are probably full of **** about everything.
You say "listen more than you speak" yet you are here saying you can make XXXX amount of dollars if you open a trade business out of your ass pretty much.
Dumb.
Also "financial statements" mean ZERO without context.
I've picked up 100k checks for home repairs and renovations, etc. I know most of that money isn't going to the owners pocket, because I know how much labor and material costs. YOU HAVE NO IDEA ABOUT THESE THINGS
Then again, you are probably full of **** about everything.
You say "listen more than you speak" yet you are here saying you can make XXXX amount of dollars if you open a trade business out of your ass pretty much.
Dumb.
Also "financial statements" mean ZERO without context.
I've picked up 100k checks for home repairs and renovations, etc. I know most of that money isn't going to the owners pocket, because I know how much labor and material costs. YOU HAVE NO IDEA ABOUT THESE THINGS
WTF else is there to say? Reading these statements is investing 101.
Just admit you don’t know what I’m talking about.
I’m not a fukkin tradie, I get driven around in Maserati’s while drinking Asahi’s, I don’t touch tools. I am interested in being an owner. All I care about is the numbers.
07-16-2018, 07:57 PM
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#101
Originally Posted By chickenbroc****⏩
and im trying to tell you, the trade business is the wrong business for you 100%. there you go, helped you realize this.How many times did I clearly say YTD P&L and Balance Sheet prepared by a CPA will be the judge.
WTF else is there to say? Reading these statements is investing 101.
Just admit you don’t know what I’m talking about.
I’m not a fukkin tradie, I get driven around in Maserati’s while drinking Asahi’s, I don’t touch tools. I am interested in being an owner. All I care about is the numbers.
WTF else is there to say? Reading these statements is investing 101.
Just admit you don’t know what I’m talking about.
I’m not a fukkin tradie, I get driven around in Maserati’s while drinking Asahi’s, I don’t touch tools. I am interested in being an owner. All I care about is the numbers.
The ones who succeed here, are those who are the most knowledgeable of the trade. They are the company's that will always have the most business and best reviews.
If you only care about being an owner, open a retail shop like I did. You control all numbers/profit margins. Also, you only need to know a small fraction of "insider knowledge" compared to the trades.
TRADE BUSINESS OWNERS = TRADIES AT ONE POINT (or they are partnered with a TRADIE)
07-16-2018, 07:58 PM
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#102
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Originally Posted By chickenbroc****⏩
Can you blame us for our skepticism?How many times did I clearly say YTD P&L and Balance Sheet prepared by a CPA will be the judge.
WTF else is there to say? Reading these statements is investing 101.
Just admit you don’t know what I’m talking about.
I’m not a fukkin tradie, I get driven around in Maserati’s while drinking Asahi’s, I don’t touch tools. I am interested in being an owner. All I care about is the numbers.
WTF else is there to say? Reading these statements is investing 101.
Just admit you don’t know what I’m talking about.
I’m not a fukkin tradie, I get driven around in Maserati’s while drinking Asahi’s, I don’t touch tools. I am interested in being an owner. All I care about is the numbers.
Everyone has these stories of friends who have ridiculously lucrative jobs that are apparently sitting right under our noses.
07-16-2018, 08:20 PM
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#103
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Originally Posted By Maestro⏩
I am all for going to school and doing what it takes to get a good education in a financially rewarding field. Even if it means taking out a loan.Most people don't try it because they don't have the financial means to do so. It takes money to make money.
Also, Its a catch-22, which is why its so rare. If you live in the middle of nowhere its easy to save up money, but you'll never have enough clientele to make a sizeable income, but if you live in a major Metropolitan city you'll have the clientele, but you won't have the money to START the business because living expenses will eat you alive monetarily.
Every rich person I know thats my age (early 30's) is rich because their parents are rich. If you don't have car payments or tuition or rent to worry about and your parents let you take out a $20K loan in their name (because lets face it, no bank is gonna loan that much money to a 20 year old) of course they're gonna be in a better position than the average joe going to a 4 year getting into debt and plopping their ass in an office chair crunching numbers for 30 years.
Also, Its a catch-22, which is why its so rare. If you live in the middle of nowhere its easy to save up money, but you'll never have enough clientele to make a sizeable income, but if you live in a major Metropolitan city you'll have the clientele, but you won't have the money to START the business because living expenses will eat you alive monetarily.
Every rich person I know thats my age (early 30's) is rich because their parents are rich. If you don't have car payments or tuition or rent to worry about and your parents let you take out a $20K loan in their name (because lets face it, no bank is gonna loan that much money to a 20 year old) of course they're gonna be in a better position than the average joe going to a 4 year getting into debt and plopping their ass in an office chair crunching numbers for 30 years.
But so many people don’t even use their degree for their job so it’s really a waste in so many ways.
When instead you can go to school and learn logic, math, and stuff that actually matters in a 1/4 of the time and a 1/16 of the cost it takes to get a useless political science degree.
I promise there are ways to get loans at 20 for $20,0000. You just need to dig, no one is likely to walk up to you and tell you how.
People are going to tell you what benefits them. For business reasons or emotional reasons. You can’t trust what you college instructor tells you, or you manager tells you. Knowing a trade that people need but no one really realizes is hugely under valued. Which is why I named the thread that.
The banks will give a $100,000 loan for a crappy elementary school teaching degree. Come on.
07-16-2018, 08:36 PM
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#104
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Knew a landscaper who hired work release dudes
He was rich as **** because he could undercut all the competition and only have to pay 6$ an hour for a job a Mexican does for 15
OP if you can find a brilliant business idea like that one then you're gonna be rich
OP if you can't be creative enough for any ideas like the very basic one above then be prepared to be extremely hardworking and persistent if you want to be rich
2 choices
He was rich as **** because he could undercut all the competition and only have to pay 6$ an hour for a job a Mexican does for 15
OP if you can find a brilliant business idea like that one then you're gonna be rich
OP if you can't be creative enough for any ideas like the very basic one above then be prepared to be extremely hardworking and persistent if you want to be rich
2 choices
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07-16-2018, 08:43 PM
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#105
07-16-2018, 08:51 PM
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#106
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Originally Posted By GonHx⏩
The guy with the license gets the jobs. The one who knows city code gets the jobs. It’s about winning the jobs, and then getting guys (like you since you probably don’t have a license) to work for them.and im trying to tell you, the trade business is the wrong business for you 100%. there you go, helped you realize this.
The ones who succeed here, are those who are the most knowledgeable of the trade. They are the company's that will always have the most business and best reviews.
If you only care about being an owner, open a retail shop like I did. You control all numbers/profit margins. Also, you only need to know a small fraction of "insider knowledge" compared to the trades.
TRADE BUSINESS OWNERS = TRADIES AT ONE POINT (or they are partnered with a TRADIE)
The ones who succeed here, are those who are the most knowledgeable of the trade. They are the company's that will always have the most business and best reviews.
If you only care about being an owner, open a retail shop like I did. You control all numbers/profit margins. Also, you only need to know a small fraction of "insider knowledge" compared to the trades.
TRADE BUSINESS OWNERS = TRADIES AT ONE POINT (or they are partnered with a TRADIE)
Because the worker guys always had rent to pay, DUI school to attend, child support payments. So they never “had time” to get a license. So they work for the guys who can sell jobs and own companies.
So that’s why your gonna be waiting a LONG time, like you say, (actually never lets be real) for those workers to decided they want to run a business.
07-16-2018, 09:22 PM
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#107
07-16-2018, 09:42 PM
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#108
Originally Posted By chickenbroc****⏩
..... what??? They ALL have licenses. You are competing against other's with licenses for the job. Isn't that obvious? What are you even trying to say... wow...The guy with the license gets the jobs. The one who knows city code gets the jobs. It’s about winning the jobs, and then getting guys (like you since you probably don’t have a license) to work for them.
Because the worker guys always had rent to pay, DUI school to attend, child support payments. So they never “had time” to get a license. So they work for the guys who can sell jobs and own companies.
So that’s why your gonna be waiting a LONG time, like you say, (actually never lets be real) for those workers to decided they want to run a business.
Because the worker guys always had rent to pay, DUI school to attend, child support payments. So they never “had time” to get a license. So they work for the guys who can sell jobs and own companies.
So that’s why your gonna be waiting a LONG time, like you say, (actually never lets be real) for those workers to decided they want to run a business.
07-16-2018, 09:55 PM
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#109
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Originally Posted By chickenbroc****⏩
tradie business owners I have been hanging around with are netting $12,000 to $24,000 a month
It’s time to step away from the laptop cubicle.
Owning a tradie business is where it’s at. Especially when most of society is turning I to yoga Tech workers.
You heard it here first.
It’s time to step away from the laptop cubicle.
Owning a tradie business is where it’s at. Especially when most of society is turning I to yoga Tech workers.
You heard it here first.
ITT OP cherry picks the top 1% of tradies who managed or inherited a successful business or customer list and combines that with a STRONG survivor-bias.
In real life any competitive business niche (tradies included) are:
• High failure rates
• Large upfront cost/debt/risk
• Extreme competition/low margins
• 90+ hours per-week
These tradie cope threads are cringeworthy. You can tell 99% of the copers know 1 or 2 people who stepped in crap and cling to their stories for dear life. The harsh truth is, the average trade in making average to below average wages and there is nothing romantic about what they do... 100% cope.
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07-16-2018, 10:01 PM
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#110
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Originally Posted By Maestro⏩
THIS.Can you blame us for our skepticism?
Everyone has these stories of friends who have ridiculously lucrative jobs that are apparently sitting right under our noses.
Everyone has these stories of friends who have ridiculously lucrative jobs that are apparently sitting right under our noses.
Every tradie I know claims they kill it, or know someones friends, uncles, brother twice-removed who does 24 grand a week laying concrete or putting up fences.
But every tradie I see is leasing their trucks and houses, joints and back are destroyed, are alcoholics and opioid abusers that constantly complain about money or divorce. lol
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07-17-2018, 07:14 AM
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#111
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Originally Posted By OutdoorsBrah⏩
Keep coping.THIS.
Every tradie I know claims they kill it, or know someones friends, uncles, brother twice-removed who does 24 grand a week laying concrete or putting up fences.
But every tradie I see is leasing their trucks and houses, joints and back are destroyed, are alcoholics and opioid abusers that constantly complain about money or divorce. lol
Every tradie I know claims they kill it, or know someones friends, uncles, brother twice-removed who does 24 grand a week laying concrete or putting up fences.
But every tradie I see is leasing their trucks and houses, joints and back are destroyed, are alcoholics and opioid abusers that constantly complain about money or divorce. lol
07-17-2018, 07:28 AM
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#112
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I work for a medium size earthwork company, the owner has an landing airstrip & 2 hangers that fit his 2 private airplanes in his backyard SRS. Did i also mention that he has his own private island in the Bahamas.
07-17-2018, 07:38 AM
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#113
Originally Posted By chickenbroc****⏩
no company has their financials prepared by a solo CPAHow many times did I clearly say YTD P&L and Balance Sheet prepared by a CPA will be the judge.
WTF else is there to say? Reading these statements is investing 101.
Just admit you don’t know what I’m talking about.
I’m not a fukkin tradie, I get driven around in Maserati’s while drinking Asahi’s, I don’t touch tools. I am interested in being an owner. All I care about is the numbers.
WTF else is there to say? Reading these statements is investing 101.
Just admit you don’t know what I’m talking about.
I’m not a fukkin tradie, I get driven around in Maserati’s while drinking Asahi’s, I don’t touch tools. I am interested in being an owner. All I care about is the numbers.
no investor is shown one annual financial statement to determine whether or not a business is doing well
no one with any ounce of business intelligence would continuously refer to financials as "YTD P&L and Balance Sheet" unless they were sitting on investopedia trying to build bs
no one with an ounce of intelligence would make up this story without referring to cash flow
no one would see their business struggling and think, before anyone else, that they should approach some marketer or whatever you think you are to save their business
in the name of reddit thats gonna be a yikes from me pal
07-17-2018, 07:53 AM
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#114
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Originally Posted By DumbBarBell145⏩
LOLLOLLOOOLLLLL lord you had me going until I saw that last part c'mon man those guys all work for like 5/hrKnew a landscaper who hired work release dudes
He was rich as **** because he could undercut all the competition and only have to pay 6$ an hour for ajob a Mexican does for 15
OP if you can find a brilliant business idea like that one then you're gonna be rich
OP if you can't be creative enough for any ideas like the very basic one above then be prepared to be extremely hardworking and persistent if you want to be rich
2 choices
He was rich as **** because he could undercut all the competition and only have to pay 6$ an hour for ajob a Mexican does for 15
OP if you can find a brilliant business idea like that one then you're gonna be rich
OP if you can't be creative enough for any ideas like the very basic one above then be prepared to be extremely hardworking and persistent if you want to be rich
2 choices
Cut City Mode 220# with a goal of 180#
07-17-2018, 02:52 PM
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#115
- chickenbroccoli
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- chickenbroccoli
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Originally Posted By Gezora⏩
Uhh you’re a legit idiot.no company has their financials prepared by a solo CPA
no investor is shown one annual financial statement to determine whether or not a business is doing well
no one with any ounce of business intelligence would continuously refer to financials as "YTD P&L and Balance Sheet" unless they were sitting on investopedia trying to build bs
no one with an ounce of intelligence would make up this story without referring to cash flow
no one would see their business struggling and think, before anyone else, that they should approach some marketer or whatever you think you are to save their business
in the name of reddit thats gonna be a yikes from me pal
no investor is shown one annual financial statement to determine whether or not a business is doing well
no one with any ounce of business intelligence would continuously refer to financials as "YTD P&L and Balance Sheet" unless they were sitting on investopedia trying to build bs
no one with an ounce of intelligence would make up this story without referring to cash flow
no one would see their business struggling and think, before anyone else, that they should approach some marketer or whatever you think you are to save their business
in the name of reddit thats gonna be a yikes from me pal
Don’t even know what to say.
07-17-2018, 03:02 PM
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#116
07-17-2018, 03:16 PM
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#117
Originally Posted By chickenbroc****⏩
He is absolutely right. first mistake taking you seriously and trying to educate you, you are obviously just trying to intellectually flex using irrelevant terms (lmao)Uhh you’re a legit idiot.
Don’t even know what to say.
Don’t even know what to say.
You are an arrogant loser, you honestly don't know jack **** except for what you are doing now. congrats.
07-17-2018, 03:20 PM
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#118
- Mike86er
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- Mike86er
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Originally Posted By NukYavlen⏩
Damn, what's his trade? Hitman or something?Uncle of mine makes well over 200k/year with his tradie business. Best part? He works alone.
Always Pick 4
07-17-2018, 03:22 PM
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#119
- chickenbroccoli
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- chickenbroccoli
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Originally Posted By GonHx⏩
Sorry you are so mad about others finding success. Maybe you are over thinking things a bitHe is absolutely right.
You are an arrogant loser, you honestly don't know jack **** except for what you are doing now. congrats
You are an arrogant loser, you honestly don't know jack **** except for what you are doing now. congrats
No one that I know is an MBA. Sorry if my simple and common sense references to financial statements offends you.
It’s not the fukking rocket science you are making it out to be.
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