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Recent content by Tony100

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    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    The founder of Gymshark (number 5 on the list) talking about Shopify: They've grown fast so it's probably easier to scale leaning on Shopify's expertise. I remember in another video he said they work closely with Shopify on Black Friday to make sure the website doesn't go down.
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    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    You could approach product photography costs as more of an investment decision than something to factor into pricing. Will better product photography increase sales enough to cover the cost of the photography and generate good extra profit on top? If so, do it. You could calculate photography...
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    Trying to save the planet the fastlane way

    EXECUTION 
    There's a supply chain behind each vegan restaurant/store and there might be opportunities there. Maybe do some research into what problems these vegan businesses have. Is it difficult for vegan restaurants/stores to find good vegan suppliers? Do they struggle to recruit staff that are...
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    From an 8-figure e-commerce business to $280k in debt. What to do now?

    GOLD! HOT! MINDSET 
    Thanks for the encouragement! You're right it's part of the learning process you have to go through. That's a fair question. I have a lot of inventory that I want to sell. I could try liquidating everything this month and close the business. However, I think I will get more money by continuing...
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    From an 8-figure e-commerce business to $280k in debt. What to do now?

    GOLD! HOT! MINDSET 
    Great story and you really achieved a lot in such a short time. I'm in quite a similar situation right now, albeit with lower numbers. I started my ecommerce business at 19. Sales - year 1: $105k, year 2: $248k, year 3: $135k, year 4: $124k. Same! In year 2 our sales were high because my niche...
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    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Completely agree the whole idea is stupid. https://www.scmp.com/news/people-culture/environment/article/3178228/rubbish-bin-balenciaga-trainers-cost-us1850-slammed "The idea behind the trainers is to promote awareness of how human consumption impacts the environment and the role fast fashion...
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    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Do you find these shoes offensive? These shoes are for sale for £1,290 ($1,609). The designer builds a new shoe then uses tools like scissors to make the shoes look old and battered. The FT posted on Linkedin "Some critics have said it is ‘beyond offensive’ for Balenciaga to sell destroyed...
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    An appreciation post

    INTRO 
    @MJ DeMarco A quick appreciation post. Before I found the fastlane forum I used a different site, a UK business forum. When the pandemic started the conversation there was dominated by people predicting the end of the world, a complete economic collapse like internet/energy outages. The...
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    Are 20-40 Years Old More Lonely Than Ever?

    NOTABLE! HOT! PEOPLE 
    I came across this podcast @MTF and was reminded of your post. (Watch from 25:18). I hate Love Island but I heard Molly Mae got a backlash from this interview so I had a listen. She has done really well for herself and only 22 years old - 6 million instagram followers, creative director of...
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    The Ukraine War, implications, outcome?

    HOT! CHAT 
    From my understanding Russia has broken the Budapest Memorandum. But reading the document it looks like the UK and US have not broken it, unless Russia uses or threatens to use nuclear weapons on Ukraine then they would have to act. I'm not a lawyer though and to be fair I've heard that it is...
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    The Ukraine War, implications, outcome?

    HOT! CHAT 
    I think we should be thankful Jeremy Corbyn wasn't elected! He wanted to disband NATO and ruled out ever using nuclear weapons, even hinting he would scrap our nuclear defences. He was opposed to the concept of having a military, deploying troops or ever supporting NATO allies. What kind of a...
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    The Ukraine War, implications, outcome?

    HOT! CHAT 
    How close are you to the Ukraine border?
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    Social Media Destroys Entrepreneurs. Grow Your Business Without It.

    HOT! RANT 
    You're right, it does depend on the situation. I think using it to get into direct conversation with people can be useful. Another example: a business author/podcaster I follow has a facebook group that is similar to this forum. The group is really active and has like minded business owners...
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    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    I don't think that's true. Business 1: $30 million revenue but little profit. 45 employees. Variety of services offered and business model is chaotic/disorganised. Business 2: $800k profit in a month. 6 employees. 2 services offered. Simple business model. In Business 2 it is much easier to...
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    Social Media Destroys Entrepreneurs. Grow Your Business Without It.

    HOT! RANT 
    What do you think about using social media as a tool for building a personal brand? For example if you were an online coach/consultant and had a website. Would you use social media, not as a source of website traffic but to generally raise brand awareness?
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