Search results
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Import/Export to India
SOURCINGUPDATE: Since the last update, I took the advice from others on a different thread and found a SCORE mentor. Super helpful. One of my two mentors started his own successful chemical company that imported and exported products internationally, he has proved to be a valuable asset when trying to...- Mikkel
- Post #15
- Forum: Business Models, Niches, Industries
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Introducing Myself
INTROWelcome to the forum @KDO You will certainly find the motivation when one of two criteria is met: 1. You hate the situation you are in so much that working on your business is a better alternative 2. You love the project or business you are starting that is all-consuming Ask yourself what...- Mikkel
- Post #2
- Forum: Introductions
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Import/Export to India
SOURCINGUPDATE: A quick monthly update. I officially have an LLC for this business. I spoke with my CPA, long story short, he believes it is best to speak with an Import/Export Lawyer first so that I have the correct business structure in place so that we can set up a system of how the money will flow...- Mikkel
- Post #14
- Forum: Business Models, Niches, Industries
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Where do you put your money now? Is real estate in a bubble? For you yes, for me no.
INVESTINGReal estate is not my strong suit, so take this comment with a LARGE grain of salt. Everyone knows inflation is ravaging the US economy at this moment. If inflation continues to rise but the interest rates spike, leading to higher interest rates on mortgages, I would assume housing prices...- Mikkel
- Post #2
- Forum: General Business Discussion
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Legendary Contributor
OFF-TOPICYou need to re-read what you write. You have a lot of grammatical errors which makes it difficult to read. Be concise.- Mikkel
- Post #4
- Forum: Off-Topic Threads
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CULTURE OF IRAN
HOT! OFF-TOPICThis is simply not true. Not all cultures are made equal. Many, not all, middle eastern countries have the unfortunate habit of curbing freedom to certain groups of people and the use of gruesome tactics including stonings people, which one research article notes at least 150 stonings over the...- Mikkel
- Post #13
- Forum: Off-Topic Threads
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CULTURE OF IRAN
HOT! OFF-TOPICHopefully this is not viewed as political, as it is not meant to be. I assume that when most people dislike a country it is typically not because of the character of its people, but rather the leaders. For instance, China and Russia are on a lot of peopl's sh*t list as of late. I strongly...- Mikkel
- Post #5
- Forum: Off-Topic Threads
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Tax Help!
I suggest speaking with a CPA, as it may be different in each state. Taxes are confusing. In my opinion, trying to figure out taxes on your own especially when you are starting up is too much of a headache. Usually, you just register your business with the state you are doing business in. If...- Mikkel
- Post #2
- Forum: Legal, Tax, Regulation
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Is it better to use debt or live debt free?
QUESTIONMost people are looking at US markets, but it appears a global financial downturn is in store. I don't know much about the UK financial outlook, but the US and European Union have both reported bad inflation numbers recently. Most countries understate true inflation numbers by artificially...- Mikkel
- Post #18
- Forum: General Business Discussion
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How to Get Motivated When You Desperately Need Things Done
MINDSETFor sure it is not a sustainable situation, but the point is that people get motivated when the alternative to working hard on a side business is hard work and being unhappy in your current situation. At least, when I am working hard on my side business, it is on my own terms. I also have a...- Mikkel
- Post #4
- Forum: Mindset and Self-Development
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How to Get Motivated When You Desperately Need Things Done
MINDSETThey need to find a strong motivator. Maybe their life is too easy or they don't understand what the trajectory of their life will be if they don't change. Have them become aware of their trajectory and show them an alternative, like starting a business or writing a book. Personally, I HATE my...- Mikkel
- Post #2
- Forum: Mindset and Self-Development
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College student who dreads the idea of being a wage slave...
INTROWelcome to the forum, @JoshSilveous. If you only plan to be a one-man operation for your web-design business, this would not meet the requirements of CENTS. Setting up systems where you can step away from the day-to-day of the web design business would adhere to CENTS. Two options I can...- Mikkel
- Post #2
- Forum: Introductions
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Who wants to start their entrepreneurship journey? An accountability thread
SIDE HUSTLE EXECUTIONA suggestion, use this forum as your accountability. Start a progress thread to show your thought process. Along the way, if you stick with it long enough, you might grow a following of people who are interested in what you are doing. People can give you tips and ideas that you might find...- Mikkel
- Post #2
- Forum: General Business Discussion
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Hello - Introduction
INTROWelcome to the forum. Take a look at some of the Gold and Notable threads. There is a lot of great content to consume!- Mikkel
- Post #2
- Forum: Introductions
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How do you know when to 'Give Up'?
EXECUTIONI fail to see how giving up on a bad idea makes you a loser. Some ideas are bad ideas. Other ideas are not worth pursuing for a variety of reasons. We live in a world of finite resources. Some ideas are not worth pursuing because they might not provide enough value to the marketplace...- Mikkel
- Post #4
- Forum: General Business Discussion
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How do you know when to 'Give Up'?
EXECUTIONI doubt there is a science to when to give up. If you wish to give up because it is "too difficult" or because it is lonely and boring, this is not a great excuse to give up. If you have exhausted all your options and you don't believe you can find a viable solution to a problem, then maybe...- Mikkel
- Post #2
- Forum: General Business Discussion
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White-Labelling
SOURCING CHAT EXECUTIONFind a distributor --> Create an account --> Ask if you can white label their product --> If they say yes, buy products you want to white label --> Then label them- Mikkel
- Post #2
- Forum: Business Models, Niches, Industries
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How do you Automate, Minimize and Simplify Your Life and Your Business?
EXECUTIONI like using Trello. Great for planning and ensuring you stay on track. There are some great automation tools built into Trello or you can use IFTTT. Zapier is a good alternative too! When I was doing product research, I used a Stream Deck. Usually used for gamers, but has powerful macros that...- Mikkel
- Post #2
- Forum: Process and Execution
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2022 Side Hustle
SIDE HUSTLEWork in reverse. Look into sectors and industries that have the potential to bring is lots of momey if you solve the right problem. No point in learning a skill which the return on value will not suffice. Ridiculous example: Is it worth learning to knit scarfs just because you found a niche...- Mikkel
- Post #12
- Forum: Side Hustles, Freelancing, Web Design
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What is a waste of time, while taking action?
LANDFILLIf you hate what you do, is it worth escaping from the slow lane job you might hate just to go to a potential fastlane job that you equally hate? It seems to me that you are somewhat new to the entreprenurial journey. Find a skill or niche that you find intresting: Copy writing Sales Marketing...- Mikkel
- Post #4
- Forum: The Landfill (Low Value)
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