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Recent content by Kokaka

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  1. K

    Opening another location 7 hours away?

    Yes this is what Im afraid of. Because its a service business the staff is paramount and the bwtter the staff, the easier it is to manage. What I want to do is do some ads that Im looking for a clinic manager and beauticians. If someone good send in an aplication, I will meet them and see if I...
  2. K

    Opening another location 7 hours away?

    Thanks. May I asked your thought process when you decided to open so far away. How are you able to maintain controll and that your product meet your expectations? Thanks guys. For this business, it is just copy everything we have made uptil now just one more time. It seems almost too easy to do...
  3. K

    Opening another location 7 hours away?

    Its most psychological I believe. I dont have to be at any clinics because they will work as independent businesses and I structure them like franchise agreements but I own the place. Get one manager who will run it and get a bonus each quarter depending how the clinic runs. Because everything...
  4. K

    Opening another location 7 hours away?

    Thanks. Will check it out. The downsides is only the distance. Because everything is electronic now. Be it payment, customer register and journals. It is mitigated. I also just saw that on the city next to the 7 hour away city. There is a similar local ready so even more advantages.
  5. K

    Opening another location 7 hours away?

    Hi all. So as some of you know, Im in the beauty business and am currently looking to open my second beauty clinic. I have one clinic at the moment and my goal is to open 20 clinics. I have been working to open my second in a city that is 1 hour away but it seems this deal will be to expensive...
  6. K

    How to buy a business that is making a loss?

    Thats correct. Didnt think about the lease so ghey would probably just want to give it up. I can offer some toys and a full client base for him and if we split 50/50 from the profit he makes. I have the clinic etc. He just shows up, plus he can sign documents for my other clinics. It will be a...
  7. K

    How to buy a business that is making a loss?

    Here where I live. Only doctors, dentists and nurses can do botox and filler. Before, everyone could do it. This has driven up the demand very high for a small group of people. They thought they would buy the clinic, work there part time and make big profit. Turned out it was not that simple
  8. K

    How to buy a business that is making a loss?

    Yes I think so. Before the doctors, there was another beauty clinic there for 25 years but the former owner retired. So they have 25 years worth of customers and the clinic is almost 1600 square feet. Too big for 1 doctor to work 4 hours a week in there. This can be good
  9. K

    How to buy a business that is making a loss?

    Yes this is what I have been thinking. Cashflow 0 + expenses for furniture and decoration. Should land on 10k.
  10. K

    How to buy a business that is making a loss?

    Hi all. So just now, I got a fantastic opportunity to buy a beauty clinic and incorporate it into what will become a chain of clinics. Long story short, 2 doctors bought the clinic, one got sick and stopped working. The other didnt have time to work sufficient to make the place make a profit...
  11. K

    EXECUTION Building a Beauty Empire. From 0 to 180k profit in 8 month and beyond

    Haha thank you. Yes Im very new but I try to read up and learn as much as possible and take all the help I can get and listen to anyone who have things to tell and just learn as I go. Revenue-share is a very interesting idea. I have not thought about it nor do I really know what it is but I...
  12. K

    EXECUTION Building a Beauty Empire. From 0 to 180k profit in 8 month and beyond

    Yes that is a sound advice. However I wont buy the car cash, I will lease it for 300usd a month so it wont affect my liquidity. Also the reason why Im looking for a partner is to scale the business world wide. Because if I can get someone with deep pockets and knowledge and contacts from...
  13. K

    EXECUTION Building a Beauty Empire. From 0 to 180k profit in 8 month and beyond

    Thanks Yes Im not going to stop. Hopefully I can get a partner and investor soon to help me with business structure so I dont have to run 2 companies as a beginning entrepreneur myself and everything is just getting bigger and bigger at supersonic speed. In a few month time, I have clinic nr 2...
  14. K

    250k On Hand, Now What?

    I would start or buy a business that incorporate your military training because you know so much normal people dont. (Im also an ex military of 7 years). Be it to sell gear to military or outdoor personal, a security firm, a leadership consultant firm etc. Try to see what you are good at and...
  15. K

    EXECUTION Building a Beauty Empire. From 0 to 180k profit in 8 month and beyond

    Update of the week: Clinic Company Nothing much has happend here because we have been closed. Machine Company Had training with my technicians Repaired 1 machine for a customer Repaired 1 of my machines Serviced 1 of my machine Sold 3 more machines for 55k profit that just came in out of the...
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