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  1. pro

    JOURNAL of Opening a New Business

    HOT! 
    I found a great sales manager who was going to find the lease location/send me a proposal and I was going to lease it because he's done this before and knows the area well. He's ready to manage day to day operations and sold on the game plan. However, I don't like the speed/relying on someone...
  2. pro

    Just bought physical silver!

    INVESTING 
    Summary of this post: consumer pays producer
  3. pro

    JOURNAL of Opening a New Business

    HOT! 
    - moved/happy here - hiring and selecting the best team - full backend is ready - I've quickly tweaked the recruitment process to get precisely the candidates I want - refined my plan to be more focused and compliant with laws - the infrastructure is ready and just need to execute
  4. pro

    Best place to register an LLC + best registeration company

    The problem with a US LLC as a non-US resident is you need a social security number with many banks. I opened an account with Chase 5 years ago without an SSN. However, Wells Fargo needs an SSN. You can't do many transactions without one. For LLCs: Nevada just due to volume of people who...
  5. pro

    JOURNAL of Opening a New Business

    HOT! 
    1. Signing an agreement with a new supplier on Monday 2. Software deal may fall apart in contract phase as the prospective partner and I aren't coming to terms on a certain issue 12 month revenue goal: $2,000,000 I have a solid list of items to execute and I'm comfortable with my plan.
  6. pro

    Advice on Turning My Shit Life Around?

    OFF-TOPIC 
    First World Problems. Try explaining these issues to someone who has Third World Problems. It's simple - find people who you want to be like and hang out with them
  7. pro

    New sustainable energy solution - Generating power from windows

    This is what entrepreneurship should be about--producing real value and innovation to society There is not enough of a real incentive to produce real value. Look at virtually unproductive activities like day trading and selling many consumer products that cause more harm than good. Whether you...
  8. pro

    Anyone a member of EO?

    Instead of joining one of these groups, why not just pick up the phone or email the people directly who you want to access?
  9. pro

    Customer Service Trumps Price

    The crux of the issue: Surveys = flawed methodology. To get a real answer, you need to look at empirical data.
  10. pro

    JOURNAL of Opening a New Business

    HOT! 
    Updates: 1. On Sunday, I decided to not go with my preferred supplier because their contract was unfavorable. Things have to work the way I want because there is downside risk regardless of my optimism 2. Found alternative suppliers that are more reasonable and waiting for their bids/pricing 3...
  11. pro

    JOURNAL of Opening a New Business

    HOT! 
    This journal will document my next fastlane business. Expenses: 1. Office Lease - I'm thinking of starting with a virtual office where I can simply use a CLASS A meeting room daily to cut down on expenses and do some initial in-person interviews. 2. Legal/Accounting - paid/ready Completed: 1...
  12. pro

    Should I learn programming or pay someone?

    WEB/DIGITAL 
    This is more of a financial question. Unless you have enough capital/creativity to hire 3 programmers for the time it takes to be profitable (in case the 2 others can't do it - you have backups), it might make sense to learn it yourself or get enough capital to make this possible
  13. pro

    Since reading the book, how many have become successful?

    I hit play on The Secret and manifested myself into a life coach, MLM rockstar...100% success rate The Fast Lane stuff involved reading a book. But really: It strengthened the case of focusing on business instead of other models like trading
  14. pro

    Diary of Opening A New Business

    NOTABLE! 
    QFT - Work at home deals rarely work out; the attrition and quality of work suffers. I've tested this with several unique cases and roughly ~ 25 subjects cumulatively in a few industries. Mr. Ferriss is a bad influence on employees.
  15. pro

    How to Buy A Ferrari for $20K

    NOTABLE! 
    Let's hear how the deal went down Biophase
  16. pro

    Server Purchase Strategy

    458 - mcjon77 is right. I'm guessing you're over 40 years old? If you're not convinced, I'd like to get your name and number so I can sell you some floppy disks, vinyl records and Sony Walkmans
  17. pro

    Dead-End Sh*t Jobs ... Yours?

    NOTABLE! 
    My physically most demanding job: Age 15: Golf caddying - 4 hours per 18 holes and sometimes I'd do 2 rounds in a day so 8 hours of physical work carrying a bag per day, out in the sun or rain. It was sometimes cold and I still had to wait for 1-2 hours in a caddy shack. I was paid $28-35 per...
  18. pro

    "Allowance" for kids?

    OFF-TOPIC 
    Allowances should be at fair market wages. For example, compensation for the real cost of mowing a lawn or cleaning a house by taking a real market wage. This is the best way to be fair. Also, if your kid doesn't do their job, they should understand and be treated like any employee and not...
  19. pro

    How to Trade Credit Spreads

    INVESTING 
    If you think legalized gambling with negative sum odds, is equivalent to businesses where you can assess financial feasibility and serve a real market, then I can't help you. You clearly don't get it or haven't done it so you don't know. Either way, I'm out of this thread.
  20. pro

    Support can be a key selling point, learn how to do it

    WEB/DIGITAL 
    I will always host important servers with 24/7 telephone support. I've made calls and within 5 minutes and had my server remotely reset when it was down in the past. Being able to do this is worth a premium. I've tested chat extensively and find it to be mostly a waste of time from a support...

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