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Same here BMore.. No management skills, limited education, but all the drive and determination and willingness to learn of a dozen others.
And that drive is what can help all of us become succesful. Not every business owner has the skills to run a business, a prime example of this is franchisees; I'm sure we all know what that is and that's one thing I'll consider doing someday. I'd love to own a few Krispy Kreme franchises as well as Chick-Fill A although I lack the management skills that an entrepreneur may possess.
So the regulations in 1974 were the same as today are they? I very much doubt that somehow.
The levels of unemployment were the same in 1974?
Nowadays, you almost need a license just to cross the street.
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?
nothing to do with attitude - it's more a dose of reality.
Actually, it was very similar in 1974. I know, because I started my own business less than 6 months before in 1973. I had to buy a business license and register with the state and the city.
I started with $7,000, saved up by my wife and I, helped along with the sale of my car (Which gave me enough to buy a used work truck and add to the kitty), and some help from our parents. I was 28.
I operated it successfully for the next 15 years, and when I was offered a good deal on it, I sold the biz. Times were changing by 1988, and I either had to make a very substantial equipment investment or sell the business. I chose the latter.
It can be done. That $7,000 had to equip my rented shop,pay for all the needed supplies, and keep us alive long enough to get the businesses' wheels rolling in the middle of a recession. I did it.
I went in to another line of work later, and went out on my own a 2nd time a decade later. In the beginning of another recession. Before I retired, I had gone through 4 recessions, some more severe than others.
Nontheless, it is nowhere as easy as most folks think it is, and relatively few folks are cut out for it. Unless a person has skills in a rare occupation, or an extremely good head for keeping money in motion, and a personality capable of shrugging off worries, doubts and fears, it is very hard to start and run a business.
Same here BMore.. No management skills, limited education, but all the drive and determination and willingness to learn of a dozen others.
lol, jump in and swim hard. I remember one time I ran into a road block and feeling a little down I thought to myself "who the hell did I think I was to think I could do this". Funny thing, I dug in anyway and worked around it. That's not to say I don't have down days but the results are damn worth it to keep on swimming and in you're freightshaker case keep on trucking.
And that drive is what can help all of us become succesful. Not every business owner has the skills to run a business, a prime example of this is franchisees; I'm sure we all know what that is and that's one thing I'll consider doing someday. I'd love to own a few Krispy Kreme franchises as well as Chick-Fill A although I lack the management skills that an entrepreneur may possess.
Kispy Kreme, not to close to my house please lol.
I think buying a franchise is more like buying a job though.
Actually, it was very similar in 1974. I know, because I started my own business less than 6 months before in 1973. I had to buy a business license and register with the state and the city.
I started with $7,000, saved up by my wife and I, helped along with the sale of my car (Which gave me enough to buy a used work truck and add to the kitty), and some help from our parents. I was 28.
I operated it successfully for the next 15 years, and when I was offered a good deal on it, I sold the biz. Times were changing by 1988, and I either had to make a very substantial equipment investment or sell the business. I chose the latter.
It can be done. That $7,000 had to equip my rented shop,pay for all the needed supplies, and keep us alive long enough to get the businesses' wheels rolling in the middle of a recession. I did it.
I went in to another line of work later, and went out on my own a 2nd time a decade later. In the beginning of another recession. Before I retired, I had gone through 4 recessions, some more severe than others.
Nontheless, it is nowhere as easy as most folks think it is, and relatively few folks are cut out for it. Unless a person has skills in a rare occupation, or an extremely good head for keeping money in motion, and a personality capable of shrugging off worries, doubts and fears, it is very hard to start and run a business.
Oh yea, keep the money moving. About your truck, was it during the recession where we waited in line for hours to fill up our gas tanks? Oh those were the days and even though times were hard somehow we managed to get though it without hating the world.
When I was first starting I met a very sophisticated woman who owned an established business. We were talking about business and I had a good laugh when she said, yea, when I first started I drove a car that drove sideways, it was a clunker but it got me where I needed to go.
I think buying a franchise is more like buying a job though.
I'll open in it directly in your neighborhood. But are you required to work in the franchise? I can't afford to work in a Krispy Kreme franchise, I'd eat myself to death. LOL
I'll open in it directly in your neighborhood. But are you required to work in the franchise? I can't afford to work in a Krispy Kreme franchise, I'd eat myself to death. LOL
lol. yea, it would be too tempting to eat the profits.
I do hear that buying a franchise is like buying a job though. I of course don't know what I am talking about as far as franchises are concerned though.
start your own business - what happens when the market is saturated?
It all ends up the same.
20% can find work, perhaps 20% can start a successful business.
But those 20% need staff - what if those staff aren't happy with their wages?
Of course, they just 'start their own business'
And round and round it goes.
So are those people working for the start ups worth paying a reasonable wage or not?
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But are you required to work in the franchise? I can't afford to work in a Krispy Kreme franchise, I'd eat myself to death. LOL
