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  1. K

    The man who know nothing

    INTRO 
    https://www.nytimes.com/ https://www.theguardian.com/world/europe-news https://www.aljazeera.com/ https://www.reuters.com/news/archive/businessNews If you read an article and want to know more about a subject. Read up on wikipedia.
  2. K

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

    GOLD! HOT! EXECUTION 
    Hi all. So this year has been a ride and Im thinking about writing a progress blogg to get input but also to organise my days. Maybe I will get some good advice and maybe others can get some ideas. This all started in june last year with my first business which was a beauty clinic where we...
  3. K

    Opening a business in Dubai. Any experience?

    Hi. Thanks for the advice about finding a company that helps with the structure. I know there are the Free Zones but I really want to open in Jumeirah or other "prime" locations. With the new rules, can you as a foreigner open outside the Free Zones? Also appreciate the point about how the...
  4. K

    How can a college student set himself up for life of freedom after undergrad?

    FTE 
    Work for McDonalds on the side until you figure out how to get into fastlane and try to learn as much as possible. I have been blessed with a mentor who owns all McDonalds in my state and it is just amazing how they operate. Try to pick up everything from logistics, HR questions, daily routine...
  5. K

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    Finished the audio book a few weeks ago. I liked the concept of CENTS and how it helps you organise thoughts and ideas.
  6. K

    Where do we invest while building our business?

    I will give you an advice if you want to fastlane. Get yourself a 100% wool charcoal suit (not black!) and get it fitted at a tailor. Get nice black leather belt, a tie-bar that match the metal of your watch. Get some black leather shoes and learn to make a mirror shine (lots of tutorials...
  7. K

    Where do we invest while building our business?

    Will reiterate what was said by MTF and MJ Demarco. Reinvesting in your busniss will just give an insane return of investment. I love to invest in marketing. Hard to beat a better ROI than that.
  8. K

    How Do You Deal With Burnout?

    MINDSET 
    Heavy excercise and healthy eating. I have been diagnosed and recoverd from a burnout and this has helped immensly. When I was in med-school, I did alot of thaiboxing as a way to handle stress. Got injured with a burnout that followed. Recoverd and picked up thaiboxing again and it cured my...
  9. K

    Growing to fast and I need help. Partner, employees or outscourcing?

    When I talk about automatisation, its not that Im tired of the business or am not botherd with it. But I need crack how to remove the parts that can be done by others while still under my control. First to get more time, but most of all to remove stress, because I have unrealistic high standards...
  10. K

    I feel like I'm wasting my time

    MINDSET 
    As drop out from medschool who is just entering fastlane I have 2 tips. Try to find an club at the uni that does stock trading, business, investment etc. There you will find likeminded people. Also if you want to do something on the side, try working for McDonalds. There you will probably learn...
  11. K

    Growing to fast and I need help. Partner, employees or outscourcing?

    Yes I totally agree. Thats why I need to remove the selling part and customer service part to someone else. I just need to se what would be the best and how to proceed. If I outscource the selling to an Account Manager firm, they will take a big provision, but they will do all the incall sales...
  12. K

    Opening a business in Dubai. Any experience?

    Hi all. So as some of you know, Im a starting entrepreneur in the beauty business. So yesterday, I got a very good proposition from a partner who wants to open an advanced beauty clinic in Dubai. She is from Dubai herself and has had 2 businesses, so the Idea is that I stand for the machines...
  13. K

    Growing to fast and I need help. Partner, employees or outscourcing?

    Hi all. So as some of you know, Im in the beauty industry and it seems as I have struck gold. When I opend end of october, I was a burned out med-student who started from 0 (actually from negative if you factor in student loans) and now I have a business that has had a turnover of 230k with just...
  14. K

    Hit and run with a master franchiser contract. Genius or idiotic?

    Hi all. So as some of you know, Im in the beauty clinic industry and have 2 business at the moment. 1 business that sell machines to theese clinics, working on creating a brand and 1 business that is a Beauty Clinic which I aim to first make to a chain of clinics and later franchise. Been...
  15. K

    Should I finance my customers product?

    Thats a great Idea! I am willing to pay anything to remove the worst case scenario. Thanks alot. Will call insurance company tomorrow.
  16. K

    Should I finance my customers product?

    Yes I have been thinking about this deal for a long time now. And as long as she pays for 12 month. I cant loose. The only risk I see is that she gets bankrupt after 3 month. Happend to another customer of mine but they where super inexperienced and did everything wrong. Luckely for me, I got...
  17. K

    Should I finance my customers product?

    Yes that is what is worrying me. The thing is, with every payment after the first. My risk will diminish. After 12 month I will be break even and the profit is very high. So lets say the customer gets bankrupt after 3 month. That will give me about 9 month before I will start to pay out of...
  18. K

    Should I finance my customers product?

    Yes. And with the 6 month upfront payment that should give me some time to sell it to someone else. I could also keep the machines for myself because I need them when I open my second clinic regardless and will have "gained" 10k from her down payment. Everything is just a little scary for my now...
  19. K

    Should I finance my customers product?

    Hi all. So Im currently in my 5th month of my medical aestetic machine business and as it stands, no bank or leasing company is willing to finance anything. That got me thinking, why dont I finance for my customers? So I got a customer who wants to buy machines for about 100k and we cant get the...
  20. K

    Should I start to hire more employees?

    Thanks. Yes I have heard that hiring people is a hastle. Hiwever for my current situation. I have an employee ready and the question is only when ia the right time to hire her because it will bring a new expense to this, still very new business

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