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Old 04-09-2013, 01:23 PM
 
41,110 posts, read 25,740,361 times
Reputation: 13868

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Quote:
Originally Posted by swagger View Post
I guess Kenny decided to take his ball and leave. I've asked him twice now to cite the laws that were stopping him from starting his business, and he's ignored that request. There's nothing left to do now but assume he's a troll.

Ciao, Kenny.
This thread showed that it can be done but that didn't fit in the whiny liberal regime where they convince people "they can't". All is not lost, it showed others who are willing to at least think about it. If even one person can be encouraged to give it a real try it's a good thing.
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Old 04-09-2013, 01:25 PM
 
Location: Jacksonville, FL
11,142 posts, read 10,713,172 times
Reputation: 9799
Quote:
Originally Posted by petch751 View Post
This thread showed that it can be done but that didn't fit in the whine regime. This thread does not have to end. If even one person can be encouraged to give it a real try or to keep thinking then it's good.
Agreed. I know plenty of people who have started their own business and been successful. Many of them started with little or no capital to invest and still managed to swing it, so people who, like the OP, try to say it can't be done are in my opinion nothing but "Negative Nancys."
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Old 04-09-2013, 01:29 PM
 
Location: Los Angeles
14,361 posts, read 9,790,545 times
Reputation: 6663
Quote:
Originally Posted by Kenneth-Kaunda View Post
this is one of the tired old slogans of the right - 'start your own business' - used as a kind of master play to support the suppression of wages.

OK, well let's get rid of the regulations first and I"ll be happy (happier than working MacD's anyway), to sell Cd's, t-shirts etc.. on the street corner.

Doubt that would go down too well though.

So how can we have it both ways?
After being forced into bankruptcy, because of the condition of the construction industry in Cali, I was forced to start a new business with little cash. Starting over at 50 isn't easy, but I still opted to earn my living rather than take any welfare. I also paid back more than 75% of my bankrupt debt.
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Old 04-09-2013, 01:39 PM
 
41,110 posts, read 25,740,361 times
Reputation: 13868
Quote:
Originally Posted by steven_h View Post
After being forced into bankruptcy, because of the condition of the construction industry in Cali, I was forced to start a new business with little cash. Starting over at 50 isn't easy, but I still opted to earn my living rather than take any welfare. I also paid back more than 75% of my bankrupt debt.
I love it, not the bankruptcy part but the fact that you refused to be another welfare number. When you were down you kept going and got back up. and almost there.

You are doing it in the worst economy in our lifetime. Can you imagine when the economy turns around
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Old 04-09-2013, 03:09 PM
 
Location: Tyler, TX
23,861 posts, read 24,115,793 times
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Quote:
Originally Posted by petch751 View Post
You are doing it in the worst economy in our lifetime. Can you imagine when the economy turns around
My company is going to grow very quickly, and I stand to make a lot of money, when the economy finally gets in gear. I make money when stuff is being trucked around the country - a strong economy means that a lot more stuff is moving around on the roads.

Know what's interesting? The two biggest factors that affect my business are weather and politics, and politics is a much stronger force. Weather is regional - there could be a storm on the east coast, but stuff is still moving around in the midwest and on the west coast. Politics is a completely different animal. For example...

During the first half of last year, our business was ramping up to the summer rush as normal. In fact, we were busier than expected, and it looked like we were going to have a very profitable summer. During the morning of June 28th, we could barely get anything done, because our phones were ringing off the hook. It was really looking good - frantic and exhausting, but good - for July & August.

Then the Supreme Court decision came down on Obamacare.

June 29th was a Friday, which is about tied with Monday for being our busiest day of the week. We should have been swamped. That Friday, however, it was dead. Completely. Totally. Dead. Doornail dead. Nobody was moving ANYTHING. The industry basically shut down, and it took months for it to just get back to regular Fall/Winter levels - the summer was totally lost, and along with it, our banner year. All because of politics.

The industry still isn't quite back to normal. It's a lot better now than it was then, but normal, it isn't. Businesses just don't understand how this law is going to affect them yet.

Things slow down leading up to a major election, too. But no single political event has impacted our business like the SCOTUS decision on Obamacare did. That was quite remarkable.
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Old 04-09-2013, 03:30 PM
 
4,837 posts, read 4,168,316 times
Reputation: 1848
Well, during the course of today I have drawn out a vague plan. I have two large chunks of debt that I need to get rid of & then once that's gone, I'm debt free. So, I figure paying those two off will take about two years give or take a few months. So, I'll stay at my current job (puke) while I pay those off. Meanwhile, I'll figure out some side job to bring in more money. Once that debt is paid off, my credit rating will increase thus hopefully opening the door for a business loan. Maybe the economy will be better by then & banks won't be so hesitant to give business loans. In the meantime, I'll be conferring w/the owner of that bar up north, see how the business works, the ups & downs, if he has any people interested in buying, etc. Hopefully, he can hold out for that long or a year or two longer & if he can, I can maybe partner in w/him. This is a very vague plan I realize. I don't have all the details & I know nothing about business but at least it's a plan. I've dreamt about owning that bar/resort up there for a long time so maybe this is my chance. We'll see.

Any suggestions would be appreciated.
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Old 04-09-2013, 04:01 PM
 
9,855 posts, read 15,207,220 times
Reputation: 5481
Quote:
Originally Posted by Kenneth-Kaunda View Post
I"m prepared to start a business as stated in the OP - I want to begin a 'selling T-shirts on the street business' - but that's not allowed by law.

So it's an empty slogan.

Another empty rightist slogan like all the rest.
That is because you live in a country that is heavily regulated and is very much closer to a socialist state of affairs than a country such as the United States. The very socialist activities that you endorse every day are exactly the things keeping you from starting a business. The Philippines are ranked 97th in the world in terms of net overall economic freedom. Labor markets are very rigid in your country (which came about in an attempt to 'protect the worker') and that resulted in a situation where it is very difficult to start a business. Leave your country for one with a freer market. In your country it takes an average of 36 days and 16 different government procedures to start up a business. In the United States you can do the same thing in an hour for only a few dollars.

Ranked in order, here are some countries close to you who actually provide their citizens with the freedom to start businesses (instead of one like yours which due to 'pro-worker', semi-socialist policies have created economic distress for people such as yourself)


1: Hong Kong
2: Singapore
3: Australia
4: New Zealand
5: Taiwan
6: Japan
7: Macau
8: South Korea
9: Malaysia
10: Thailand
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Old 04-09-2013, 04:26 PM
 
Location: Tyler, TX
23,861 posts, read 24,115,793 times
Reputation: 15135
Quote:
Originally Posted by northnut View Post
I've dreamt about owning that bar/resort up there for a long time so maybe this is my chance. We'll see.

Any suggestions would be appreciated.
Watch "Hotel Impossible." Pay particular attention to the owners that didn't have any experience in hospitality, but always dreamed about owning a resort/hotel. Don't be one of them.

You have a couple of years. See if you can find some kind of course, whether it be night school, weekends, online or whatever where you can learn the basics of hospitality without spending a small fortune. Maybe check out what the library has to offer. And don't even CONSIDER purchasing the business unless the owner can show you the financials, and they have to be complete, well organized and in the black.

I'm also a little confused about what business you're talking about. Maybe I missed something in your earlier post, but I thought we were just talking about basically a bar with a kitchen and a gas pump. Now you're using the word "resort." Whoa there, pardner. Which is it? There's an enormous difference. If there's a hotel involved, I would strongly advise against getting involved with it, considering that you have no prior experience in that field. That's not the kind of business you can just step into as an owner and expect anything to go right.
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Old 04-09-2013, 04:29 PM
 
Location: Ohio
24,621 posts, read 19,170,143 times
Reputation: 21738
Quote:
Originally Posted by Kenneth-Kaunda View Post
this is one of the tired old slogans of the right - 'start your own business' - used as a kind of master play to support the suppression of wages.
And no doubt Liberals are just trembling in fear that people might actually start their own businesses becoming empowered.

Liberalism is diametrically opposed to individual empowerment.

Quote:
Originally Posted by Kenneth-Kaunda View Post
OK, well let's get rid of the regulations first....
A Liberal calling for the end of government regulation?

How refreshing.

Quote:
Originally Posted by Kenneth-Kaunda View Post
So how can we have it both ways?
Set up a Straw Man Fallacy......like you did.

Quote:
Originally Posted by Kenneth-Kaunda View Post
Nowadays, you almost need a license just to cross the street.
But Big Government is Good.

How did you put it.....

Quote:
Originally Posted by Kenneth-Kaunda View Post
So how can we have it both ways?
....Big Government and no regulations is oxymoronic.

Quote:
Originally Posted by Kenneth-Kaunda View Post
It's more like 'start your own business but only if you push enough money up the chain first' - notice the double standard and hypocrisy here?
Yes, your refusal to put forth any effort and expecting someone else to do it for you is the hypocrisy.

Quote:
Originally Posted by Kenneth-Kaunda View Post
I"m prepared to start a business as stated in the OP - I want to begin a 'selling T-shirts on the street business' - but that's not allowed by law.

So it's an empty slogan.

Another empty rightist slogan like all the rest.
Then re-locate to a place where you can sell T-shirts on the street, or obtain a license to comply with the laws in your municipality.

Because you refuse to expending even one iota of energy, you're probably not aware that there's a co-op that allows you to sell under their license......

.....and if there is not, then that smells like a job opportunity....you obtain the license in the name of your private corporation, LLC or LLP and let other people operate under your umbrella......for a modest fee....so that everyone benefits.

Capitalistically...

Mircea
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Old 04-09-2013, 05:09 PM
 
4,837 posts, read 4,168,316 times
Reputation: 1848
Quote:
Originally Posted by swagger View Post
Watch "Hotel Impossible." Pay particular attention to the owners that didn't have any experience in hospitality, but always dreamed about owning a resort/hotel. Don't be one of them.

You have a couple of years. See if you can find some kind of course, whether it be night school, weekends, online or whatever where you can learn the basics of hospitality without spending a small fortune. Maybe check out what the library has to offer. And don't even CONSIDER purchasing the business unless the owner can show you the financials, and they have to be complete, well organized and in the black.

I'm also a little confused about what business you're talking about. Maybe I missed something in your earlier post, but I thought we were just talking about basically a bar with a kitchen and a gas pump. Now you're using the word "resort." Whoa there, pardner. Which is it? There's an enormous difference. If there's a hotel involved, I would strongly advise against getting involved with it, considering that you have no prior experience in that field. That's not the kind of business you can just step into as an owner and expect anything to go right.
Oh, I thought I mentioned it earlier. Not a resort like you think of in Dirty Dancing & not a hotel. Along with the bar on the lake, they also have say 5 cabins you can rent. Some people rent a cabin the whole year or maybe for the season, many people rent a cabin for a week in the summer, a vacation place to stay. So it's not a huge hotel operation, no. It's just the bar w/5 cabins to rent & the other little things I mentioned. Personally, I would think they're sitting on a gold mine, especially in the summer w/the location & all. So I think the main thing to know about would be the bar business & then also making sure all the cabins are in good condition & getting the right price for them for rentals. I said resort because in that area many years ago, there were a lot of these operations on the lakes, a bunch of cabins that you could rent & they just called them resorts. I believe my grandfather owned a few cabins to rent as vacation places. That was before my time. He's no longer w/us. You're right about taking some business classes, I was thinking about that today. I think our library offers some finance classes & possibly some business classes, I'll look into those. Thanks for the other advice about looking at the financials of the bar & such.
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