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  1. BKMoney

    Anyone going to the Canton Fair?

    PEOPLE 
    Just bought plane tickets yesterday. I'd love to meet up with other like-minded people and create some new connections while I'm there.
  2. BKMoney

    Do you regularly make smoothies?

    This is what I usually have for breakfast. It tastes like ice cream and I love it: Organic home made raw goat's milk kefir Scoop of grass fed stevia sweetened whey protein powder crushed flax seeds chia seeds hemp seeds crushed raw cocoa nibs matcha powder ashwagandha powder blueberries...
  3. BKMoney

    Open a US Bank Account. Non US Citizen Non Resident

    I am not sure about the "Let the agent open the bank account for you" part. As an non-US resident owning several LLCs in the US the only way to open a real bank account I've found so far is to go there in person and provide the required documents (you can ask each bank what documents are needed...
  4. BKMoney

    Open a US Bank Account. Non US Citizen Non Resident

    You can use a solution like worldfirst or payoneer, but they both have their limitations. Why do you need a US account in the first place?
  5. BKMoney

    What are your written goals?

    MINDSET 
    Writing down your goals is the single most important step in designing your future. I can't stress enough how much it has helped me. It gives you purpose and meaning. Without written goals I was feeling lost and unmotivated.
  6. BKMoney

    What are your written goals?

    MINDSET 
    I write down my goals on a clean sheet of paper each day and I try to take at least one small action aimed at each goal daily to stay motivated.
  7. BKMoney

    What are your written goals?

    MINDSET 
    After listening to some Brian Tracy seminars on motivation and what's driving people forward and reading the Miracle Morning about 2 years ago, I wrote down my goals and started rewriting them on a clean sheet of paper each day after waking up. This simple exercise has helped me tremendously to...
  8. BKMoney

    American bussiness ideas that do not exist in UE

    IDEA 
    Watch Shark Tank if you want to get some food for thought.
  9. BKMoney

    How I Lost a Million Dollars, But Am Happier And Stronger Than Ever

    GOLD! 
    I really enjoyed reading the topic as it reminds me of my current situation. Started a company with my best friend at the time and shortly after he decided to work with his father on their family business so I was left all alone. "Our" company was my only source of income at the time and I had...
  10. BKMoney

    Selling a product in Europe, that is patented in the US?

    I would like to manufacture a product in the EU that I think there might be huge demand for, but it is patented in the US. I haven't been able to find any patents in the EU and I don't think it is patented over here. The idea has been validated in the US already. Do you think I might run into...
  11. BKMoney

    Progress Thread: Losing Weight

    HEALTH 
    Loosing weight is the simplest thing out there, once you decide you really want it. If you only cut out sugar (including fruit juices, sodas, etc.. ), white flour and starches (bread, pastas, pizzas, potatoes, etc..) from your diet completely it becomes very very easy. I substitute sugar for...
  12. BKMoney

    Running a dropshipping business from Europe

    EXECUTION 
    I understand where are you coming from. Dropshipping can work if you want to make SOME money online. But if you want to build a fastlane business with the potential to make millions, developing your own product/brand and taking it to the market is the best way to go. So I can't agree with the...
  13. BKMoney

    Running a dropshipping business from Europe

    EXECUTION 
    Besides that investing time and money to develop someone elses brand is a waste. And dropshipping suffers from a huge lack of control. As WestCoast mentioned when dropshippers run out of stock and screw up orders it's all blamed on you and your business. Here is a better business model: 1. Find...
  14. BKMoney

    Running a dropshipping business from Europe

    EXECUTION 
    Regarding the second part of your question if you have an US based company you will have to pay income and state tax in the US. And if your country has a double tax treaty with the US (which it most likely has) you will not have to pay any taxes in your home country again. And VAT is only due if...
  15. BKMoney

    Running a dropshipping business from Europe

    EXECUTION 
    English is not my native language so I do make some mistakes here and there which I apologize for. Thanks for the correction.
  16. BKMoney

    Running a dropshipping business from Europe

    EXECUTION 
    I was looking into dropshipping like 5 years ago and it seemed like the perfect business model to me at first... Until I realized margins are close to nonexistent, the hundreds of issues that may arise when dropshippers screw up an order (especially if you sell on Amazon and Ebay, one mistake on...
  17. BKMoney

    Most practical college major for an entrepreneur?

    Totally agree with everyone else. Only thing I can think of college is good for is creating contacts, but contacts can be created in may other ways as well. I would get a sales job and learn to manipulate people. Learn NLP and this alone will change your life forever.
  18. BKMoney

    Quitting my job for christmas ?

    INTRO 
    Ask a friend to hire you on Upwork and leave you your first feedback. As a person who is hiring people on Upwork on a regular basis I can tell you that having positive feedback (even a single one) makes a huge difference. Also a clean cover letter right on point increases your chances of being...
  19. BKMoney

    Investing in an automated production line

    EXECUTION 
    I still haven't validated this idea yet but I'm in the process of doing so. The beauty of this is that it can be expanded both ways - you can manufacture products for other brands (as contract manufacturer) and you can be building your own brand simultaneously.
  20. BKMoney

    Quitting my job for christmas ?

    INTRO 
    First start freelancing right away. Make a profile on Upwork, PPH and Freelancer.com and secure some clients. That way you will be able to replace your day job income right away. Second start working on your big idea cause freelancing will only help you to pay your bills but won't make you...
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