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it is small, excellent coffee and they have their own unique design.. It is always clean, friendly staff and the price is not too expensive. As you said and many would agree, the location is very important.
How about a tattoo removal business? You could call it..........Regrets......
Services like that, here in Toronto, charge 100 an hour, and most customers need 5 to 10 hours of work.
Machine and training course provided by the maker of the equipment. Cost ? About 25 k . Can be financed with monthly payments of about $300. Un-regulated in my Province.
Could be combined with a spa, or beauty parlour that is all ready up and running, that has a room to rent out. Word of mouth advertising is the best kind . Satisfied customers are a good recommendation, for any type of business operation.
How about a tattoo removal business? You could call it..........Regrets......
Services like that, here in Toronto, charge 100 an hour, and most customers need 5 to 10 hours of work.
Machine and training course provided by the maker of the equipment. Cost ? About 25 k . Can be financed with monthly payments of about $300. Un-regulated in my Province.
Could be combined with a spa, or beauty parlour that is all ready up and running, that has a room to rent out. Word of mouth advertising is the best kind . Satisfied customers are a good recommendation, for any type of business operation.
Jim B.
Toronto.
I do imagine tattoo removal would be a good business.
Where I live in L.A, it seems almost everyone has tattoos of a certain age, probably 16-30s and sometimes even older. I don't know if these people will want to keep them forever.
I would create a small investment fund(Private Placement). That will cost you about $6,000. I would than solicit private investors for capital with the goal of raising $2 million in 6 months. I'd use the $2million for a down payment of a $10-$12 million dollar business in a industry that I could expand in. I would expand by way of buying my competitors as well as synergistic companies. After 5 years of expansion, I would sell the company to a Private Equity firm."
Rocco, you wrote the above, can you elaborate exactly how this would work, I'm guessing you are knowledgeable in the field of private placement investment funds?
Become a plumber or electrician and have the GF be the office manager, receptionist, phone service etc. If you have the apptitude for it which you might with an automotive background. These jobs can pay more than most with a college education can make.
Become a plumber or electrician and have the GF be the office manager, receptionist, phone service etc. If you have the apptitude for it which you might with an automotive background. These jobs can pay more than most with a college education can make.
While I agree with your post there are a few considerations:
1. Licenses/trade experience may take years to acquire
2. Girlfriend working is an opportunity cost. If she makes 30-40K a year and now stays home to answer the phone/office manager you would have to make 30-40K extra just to replace her lost income.
3. You have to be good at the trade! A plumber with leaks or an electrician with sparks is never going to be a ticket to riches!
I would create a small investment fund(Private Placement). That will cost you about $6,000. I would than solicit private investors for capital with the goal of raising $2 million in 6 months. I'd use the $2million for a down payment of a $10-$12 million dollar business in a industry that I could expand in. I would expand by way of buying my competitors as well as synergistic companies. After 5 years of expansion, I would sell the company to a Private Equity firm."
Rocco, you wrote the above, can you elaborate exactly how this would work, I'm guessing you are knowledgeable in the field of private placement investment funds? Yes
Cheers,
WI
What do you mean by "how this would work"? This isn't some trick or loophole tactic. It's one aspect of Investment Banking. If you have to ask your above question, this is probably not for you.
I have a VERY strong background in Investment Banking.
That's just a very small version of what Private Equity firms do.
Why do you assume I thought this was a trick, or loophole tactic? I asked the question because unlike you I have no knowledge of investment banking so I was hoping you would be more open to sharing your knowledge versus choosing to be judgmental about what I wrote.
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