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  1. AgainstAllOdds

    What are you thankful for?

    MINDSET 
    Being healthy mentally and physically. Having supportive friends and family. The opportunity to make something of myself in whatever shape I choose. A business that's growing with supportive clients and partners. Enough capital to take on new ideas and eliminate most of the stress. Enough...
  2. AgainstAllOdds

    2019's Black Friday Discussion... What Are You Up To?

    HOT! 
    Increase prices. 5% at a time until you hit a point where you're not at capacity.
  3. AgainstAllOdds

    Does your plan for success often involve moving to a desired location?

    OFF-TOPIC 
    Dallas isn't expensive.
  4. AgainstAllOdds

    Dilemma: buy from wholesaler vs. trying to find overseas manufacturer

    Take @biophase 's advice. In regards to your question: You start with the U.S. manufacturer. Build the market even at break even. If there's a market, then you monetize. For my business, I'm starting to buy certain products from a competitor and sell them off at cost as they come in. Low...
  5. AgainstAllOdds

    Let's talk about franchising

    HOT! 
    Start by searching on BizBuySell for the keyword: Search Businesses For Sale - BizBuySell.com. Turnkey businesses are good for wealth preservation. Not good for wealth growth. One of the greatest pieces of advice my mentor ever gave me: "The easiest way to get rich is to buy an existing...
  6. AgainstAllOdds

    Let's talk about franchising

    HOT! 
    It's important to note that a lot of these athletes/celebrities are given franchises at terms that are not available to the general public. LeBron is an endorser of Blaze. Same way that Peyton Manning was the face of Papa John's for awhile. However, Manning ended up selling the second he could...
  7. AgainstAllOdds

    Chicago Meet Up...

    MEETUPS 
    Headed to southern California next week, then probably Colombia or Bali for NYE. However, I'm definitely in for a meetup when I'm here.
  8. AgainstAllOdds

    Let's talk about franchising

    HOT! 
    For a lot of the food franchises, you need to have experience already running a restaurant or chain of restaurants. Next, you need a high net worth, for McDonald's around $1M+ Then, you have to go through 9-18 months of training before you're ready to launch. The reason a lot of the income is...
  9. AgainstAllOdds

    Let's talk about franchising

    HOT! 
    The biggest is leverage of capital, and leverage of human resources. With a franchise, you're not putting up your own capital. You're using the franchisee's capital to open a location. Next, you're getting a manager with the deal. Let's say you run a small specialized business. To open a new...
  10. AgainstAllOdds

    Let's talk about franchising

    HOT! 
    The links you provided are not "turnkey". "Turnkey" implies that all you have to do is turn the key and your doors are open for business. With the Alibaba links, the process works as follows: 1) Identify a location to run your business. 2) Rent that location. 3) Hire the factory from Alibaba...
  11. AgainstAllOdds

    Should I buy this business?

    HOT! 
    What kind of multiple are they looking for? Without any other info, the numbers look good. In regards to Amazon, how confident are you that there's a market there? If you add on Amazon, how much additional revenue/profit can you add on? What about offline? How many dealers do you have? How...
  12. AgainstAllOdds

    Let's talk about franchising

    HOT! 
    Recently, I started looking into the world of franchising and gathering as much info as I could. Why? At first because it's something that I wanted to potentially structure my business for in the future. My mindset was that franchises are proven money making systems. Their value is immense...
  13. AgainstAllOdds

    (Complicated) Unpaid Invoice

    Get a lawyer and send him a letter informing him that you'll be suing him for £3000. At this point he's not your customer anymore, just a collection.
  14. AgainstAllOdds

    Walter Hay's Business Books

    MARKETPLACE 
    Hi Walter. I want to purchase the franchising book. I purchased the Proven Global Sourcing years back. Do I just send the money to [email protected]? https://www.scalebyfranchising.com doesn't seem to be up yet. What amount do I send, and how do I specify the book that I'd like...
  15. AgainstAllOdds

    What's the MOST amount of money that you've made in a day? (With Your Business)

    HOT! 
    I'm in building materials. A $100k+ day happens on bigger projects. Working up to that project takes awhile though.
  16. AgainstAllOdds

    Smoking

    HEALTH 
    I agree with the posts before me that smoking is bad, but in my unprofessional opinion, if you're increasing your antidepressant intake in place of smoking, then that's even worse. Here's what I take for the nicotine high. It's 3mg a pouch. I started taking it not for the nicotine, but...
  17. AgainstAllOdds

    Must See Movies, Recommendations?

    OFF-TOPIC 
    Something I do whenever I want to find a new movie: 1. Go on IMDB and find a movie you like. 2. On the right side there's user generated lists. Open up to 10 tabs with the different lists that look appropriate. 3. Go through the lists and find movies that you think you'd be interested in...
  18. AgainstAllOdds

    Project: BellaPippin | Real Estate, Social entrepreneurship, Art and YouTube, and who knows what else

    EXECUTION 
    Let's get some Chicago people together after Thanksgiving. I'll make sure @Greg R comes.
  19. AgainstAllOdds

    $500 Monthly passive income challenge?

    I'm in to watch your animated series. What's the product? And you can just start with that. A monetized course. It's not that hard to create a course that brings in $6k a year as long as the course is valuable enough to enough people.
  20. AgainstAllOdds

    I have a good Idea that no one is doing but I'm pretty sure that If I do it it's going to be stolen by Giants

    IDEA 
    Get funding and go hard at the idea. If the founders of Snapchat, etc stayed too scared to launch then they would've made it nowhere.

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