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  1. Ronak

    Can this thread save your life, and perhaps countless others? Yes.

    GOLD! HOT! MINDSET 
    Sad. The massive downside risk of alcohol is one of the big reasons I choose to abstain totally. Logically, it makes perfect sense-- little upside, huge cost over time, and russian roulette level downside. Texting and driving is another seemingly benign decision that can have massive...
  2. Ronak

    I met a celebrity today while marketing. You never know who you might meet.

    MARKETING PEOPLE 
    Or, flip the script. Instead of reaching out when you need something, actively seek out ways to help your rolodex. That way, your touch points are "deposits" rather than withdrawals.
  3. Ronak

    Need a 3rd view opinion on my partnership situation

    PEOPLE 
    OK-- can you be more specific? What you mean by an exit? What are your other options besides an "exit"? Is it? This suggests otherwise...
  4. Ronak

    Need a 3rd view opinion on my partnership situation

    PEOPLE 
    Partnerships are difficult. When they work, they work phenomenally well, but that takes maturity, commitment, mutual respect, and open communication. Sounds like you are quite fed up with the conflicts. A few questions to ponder: 1) What did you contribute to the business' initial success...
  5. Ronak

    Using a SBA Loan for Biz Acquisition

    Do you have a backup lender in your pocket?
  6. Ronak

    Looking for Mixed Use Commercial Hard Money Lending help

    You run a successful towing business and have spent years developing skills around the industry. While there are limitations, which you have mentioned, you may want to look at it from a different angle. Generating leads on Google is a skill. Likely one that others would pay for, either as a...
  7. Ronak

    E-commerce: $100k in one hour

    NOTABLE! HOT! MARKETING 
    Lower unit margin, but you make sales that otherwise wouldn't have happened. A good tool to use in a surgical manner, and assuming the gross margin isn't cut to zero, the volume bump more than makes up for the lower margin. Key number is total gross profit, which can be several weeks worth of...
  8. Ronak

    We do what we WANT

    HOT! MINDSET 
    Another overlooked tool is the planning behind a decision. Most of the time, we rely on self discipline or will power to follow through on a promise to ourselves, but lack the planning and infrastructure required to carry it out. For example, after deciding to eat healthy, throw away all junk...
  9. Ronak

    Roast My Idea: Aggregator for open-box and returned products

    IDEA 
    Most sites have an affiliate program, you can use that to validate the market.
  10. Ronak

    Business Owning acquaintance offering to take over business and give royalties on each product sold

    EXECUTION 
    This guy may be correct with his strategy. Building the product, and building the business around the product require two different skillets. What do you prefer to spend your time doing, given the choice? That's the first question to answer. Then, what is your vision for the business? Like...
  11. Ronak

    A "savage" mindset in business life

    MINDSET 
    Just shows that's there are many "types" that can be successful, there is no single personality. Common thread: bring value to the marketplace. I would say though, the biggest enemy is ourselves. Everyone needs to overcome that inner critic at some point; to leave their comfort zone, and that...
  12. Ronak

    Has Learning a Second Language Helped your Business?

    OFF-TOPIC 
    2 stories: One of my suppliers was Miami based, or, the republic of Miami as I jokingly call it. He didn't (or claimed not to) speak any English. I had to make an in person visit to get things going, and ended up unexpectedly stumbling through a broken conversation in Spanish. The message got...
  13. Ronak

    The crazy world of online coaching/consulting and how to cash in and learn from my mistakes

    Lots of predatory behavior in this world. One of the worst is unscrupulous gurus hijacking true principles and distorting them to manipulate people into mediocre programs. For example, "invest in yourself. You paid 100k for a degree and nothing to show for it. My 5k program is a fraction, and...
  14. Ronak

    Raising Pre-Revenue Angel Cash Is A PITA

    HOT! MARKETING 
    It also has a lot to do with what market is "hot". If you were doing a saas, investors would be beating a path down to your door. Ok, probably not, but it's a much easier sell vs a consumer type product. But 30 is a small number in the grand scheme of things. Are the ones you've targeted...
  15. Ronak

    Share your Valuable experience Please

    What would be your cost structure to put on an event? How much revenue do you need to generate per event to make it worthwhile?
  16. Ronak

    27 years old, $140K in the bank and but feel broke

    INTRO 
    The thing that most people get wrong is expecting businesses to fill our personal needs. "I want it to pay my bills", or "I want it to fund my killer lifestyle," or any other variation. That's the slow-lane approach, because the premise is that the business exists in the marketplace primarily...
  17. Ronak

    Is it actually true as MJ claims that starting a business doesn't require much capital?

    HOT! 
    What are you actually willing to do?
  18. Ronak

    Private Equity or buy & hold?

    I would start with the buying and growing part and worry about the rest later.
  19. Ronak

    B2B Marketing Service w/Money Back Guarantee?

    MARKETING 
    I've done this before for clients directly, not as a white label. If the right circumstances were present, I would consider a partnership arrangement. The challenge with most local type businesses is lack of volume. The end client needs to be able to handle the incoming business, otherwise it's...
  20. Ronak

    How to overcome "The chicken and the egg" problem on peer-to-peer marketplace?

    This is one of the most difficult problems, that's why they had to raise billions of dollars to actually scale, and mostly lose money. But, if I had to do it, I would find a raging need, where it's so great, that people would be willing to pay in advance and get on a waiting list before the...

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