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Then you are unwilling to admit being incorrect even when it's looking right at you
Elaborate on how I'm incorrect? Were you not selling possums? Did the Pet Shop owner NOT have a need for possums when he met you? That's supply and demand.
Elaborate on how I'm incorrect? Were you not selling possums? Did the Pet Shop owner NOT have a need for possums when he met you? That's supply and demand.
No I wasn't selling possums or opossums. The luck was in who stopped to help me. This isn't rocket science or even MBA level stuff
I didn't raise opossums, I raised sugar gliders. My marketing efforts did not contribute to my success in developing a successful business. The fact I had a cage in my car, had a flat, a pet store owners stopped to help, saw the cage, inquired and wanted to do business has zero to do with my marketing, business, business plan etc. I got lucky and made a fair amount of money because of it
- Isn't a Sugar Glider a Possum??
- Marketing doesn't ONLY include direct marketing, it also includes indirect marketing. Indirect marketing is when someone within your target prospective customer market SEES your product without you doing anything to directly influence them "seeing" the product. That's what happened in this case. It wasn't LUCK.
- Marketing doesn't ONLY include direct marketing, it also includes indirect marketing. Indirect marketing is when someone within your target prospective customer market SEES your product without you doing anything to directly influence them "seeing" the product. That's what happened in this case. It wasn't LUCK.
Yes sugar gliders are a possum but I wasn't selling any and the pet store owner didn't see any. It wasn't indirect marketing. Again your logic train is off the tracks
Yes sugar gliders are a possum but I wasn't selling any and the pet store owner didn't see any. It wasn't indirect marketing. Again your logic train is off the tracks
My logic train is off the tracks?
- First you say the rodent you were selling wasn't a possum when it was, thank you for finally admitting that.
- Now you say you weren't actively selling any possums, but you said you had one of their cages in the car? When the pet shop owner asked you what the cages were and you said they were for the possums then the cage was used as a tool in the indirect marketing sequence.
You don't understand Supply and Demand, nor do you understand what all is involved in Marketing, you clearly don't because you don't believe that what occurred in your example was Supply, Demand and Marketing forces being used indirectly. You think you were "lucky" and the God of Zeus in the sky blessed you with a sale.
I love how when you lose an argument you throw out insults though
- First you say the rodent you were selling wasn't a possum when it was, thank you for finally admitting that.
- Now you say you weren't actively selling any possums, but you said you had one of their cages in the car? When the pet shop owner asked you what the cages were and you said they were for the possums then the cage was used as a tool in the indirect marketing sequence.
You don't understand Supply and Demand, nor do you understand what all is involved in Marketing, you clearly don't because you don't believe that what occurred in your example was Supply, Demand and Marketing forces being used indirectly. You think you were "lucky" and the God of Zeus in the sky blessed you with a sale.
I love how when you lose an argument you throw out insults though
If it wasn't luck then was it my awesome 16 year old sales skills, my business acumen what was it? If you say opossum most people aren't going to think of sugar gliders, stating I raised sugar gliders is far more specific. Never the less please tell me again what got my business up and running, supply and demand? How did the demand and supply connect? Oh through total chance or err luck
The would have paid tax every year. Income or capital gains? No but that doesn't mean no tax. A single person would have a taxable gain in that scenario
On the house? No cap gain tax unless the house is sold, and a taxable gain is realized.
Or am I misunderstanding what you are saying here?
If it wasn't luck then was it my awesome 16 year old sales skills, my business acumen what was it? If you say opossum most people aren't going to think of sugar gliders, stating I raised sugar gliders is far more specific. Never the less please tell me again what got my business up and running, supply and demand? How did the demand and supply connect? Oh through total chance or err luck
Dude, lol, I already answered this like 3 times now. I don't know how to break it down any further. You might have had some business owners tell you "luck" is why they are successful but that's just not supported by any credible analysis.
Businesses fail due to having improper management, not due to having bad luck unless you are talking luck in terms of having a business in the Great Depression and nobody has any money? Or you are talking about the owner coming down with brain cancer and not being able to operate the business? Or you are talking about Bin Laden blowing up the building where the business operates in? Now you can talk about Luck and Bad Luck in some concept...
But in general, what makes a business successful are all of the following that I posted earlier on in this thread:
- Good accounting
- Good legal
- Good IT
- Good staff
- Good competitive (on quality and price) products
- Good market research and market segmentation
- Good marketing
- Good financing and working capital levels
- Good partners and suppliers
You put all of this together into a big business plan and you have a successful business, if it fails, one or multiple of these items were out of place or improperly managed. For example, you might have everything in place to open up a McDonalds location EXCEPT a good location based on the market research and segmentation studies you did. If you just open up the McDonalds ANYWAY, and it fails, that's not bad luck but it's based on the fact that you had a bad location and your market research should have showed you otherwise.
About the lotto, if you take it in one lump sum, you lose about 50% of your winnings (assuming it is the state or interstate lotto like Mega Millions and Powerball) while if you do yearly installments you get taxed at the normal tax rates. It is a double edge sword as an elderly person like my father who plays lotto fairly regularly is in his early sixties and his father lived to age 79. I doubt he would live the 20+ years to do installments so he would actually not get paid the full amount. Perhaps you do better with the lump sum and paying out 50% of your winnings that year. If you're my age, the installments is better.
You get taxed at normal rates regardless of how you receive the winnings. The loss of 50% (or whatever the actual % is) is a result of taking a lump sum rather than an annuity.
Are you just guessing, or have you done the present value calculations? If you did the calculations, what discount rate did you use?
Dude, lol, I already answered this like 3 times now. I don't know how to break it down any further. You might have had some business owners tell you "luck" is why they are successful but that's just not supported by any credible analysis.
Businesses fail due to having improper management, not due to having bad luck unless you are talking luck in terms of having a business in the Great Depression and nobody has any money? Or you are talking about the owner coming down with brain cancer and not being able to operate the business? Or you are talking about Bin Laden blowing up the building where the business operates in? Now you can talk about Luck and Bad Luck in some concept...
But in general, what makes a business successful are all of the following that I posted earlier on in this thread:
- Good accounting
- Good legal
- Good IT
- Good staff
- Good competitive (on quality and price) products
- Good market research and market segmentation
- Good marketing
- Good financing and working capital levels
- Good partners and suppliers
You put all of this together into a big business plan and you have a successful business, if it fails, one or multiple of these items were out of place or improperly managed. For example, you might have everything in place to open up a McDonalds location EXCEPT a good location based on the market research and segmentation studies you did. If you just open up the McDonalds ANYWAY, and it fails, that's not bad luck but it's based on the fact that you had a bad location and your market research should have showed you otherwise.
I'm starting to think you just don't consider luck something that exist or you don't know the meaning
luck
[luhk]
noun
1.
the force that seems to operate for good or ill in a person's life, as in shaping circumstances, events, or opportunities:
good fortune; advantage or success, considered as the result of chance
He had no luck finding work.
I would consider my run in with a pet store owner a result of chance
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If you're my age, the installments is better. 
