View Poll Results: what name should i use
Voters: 21. You may not vote on this poll
so..
10-28-2009, 08:59 PM
#21
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10-28-2009, 09:00 PM
#22
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Re: so..
i would like get a pool going of when/if this "shop" opens, when its going to disolve or declare bankruptcy.
dude their are like 4 or 5 shops in the area that are actually successful...the other 10000000 million have failed...failed hard. fuck 3 were on the same street
dude their are like 4 or 5 shops in the area that are actually successful...the other 10000000 million have failed...failed hard. fuck 3 were on the same street
10-28-2009, 09:01 PM
#23
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Re: so..
Well, his ignorance is certainly proving he has never had an college level micro-econ course, nor any business courses.
Kenny, you're jumping into a perfectly competitive market where you don't have much say over your pricing. Lower your prices, and you go out of business because you can't cover costs. Raise your prices, and you lose market share. Your prices are dictated by your direct competitors, competitors that have been doing this MUCH longer than you have and understand the cyclical nature and operating costs MUCH more than you do. Anyone can start a business, but many MANY people have NO idea what they're doing.
Kenny, you're jumping into a perfectly competitive market where you don't have much say over your pricing. Lower your prices, and you go out of business because you can't cover costs. Raise your prices, and you lose market share. Your prices are dictated by your direct competitors, competitors that have been doing this MUCH longer than you have and understand the cyclical nature and operating costs MUCH more than you do. Anyone can start a business, but many MANY people have NO idea what they're doing.
10-28-2009, 09:02 PM
#24
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Re: so..
you are 100% correct however, i had the same wild hair up my ass and researched this endeavour EXTENSIVELY...i dont know all of the in's and out's of starting a business or economics. But i do know of alot of things that tend to get overlooked when you get the idea to "turn sidework into a full time shop".
Last edited by sidewaysil80; 10-28-2009 at 09:07 PM.
10-28-2009, 09:04 PM
#26
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Re: so..
This isn't how you stay above water in a perfectly competitive market...You really need to pick a book up or do some basic research. Do you even have a business plan? Better yet, have you even done a SWOT analysis? If you have, prove me wrong by posting them and I'm sure we'd be able to constructively critique them and help. Until then, this is a pipe dream.
10-28-2009, 09:06 PM
#27
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Re: so..
Well, his ignorance is certainly proving he has never had an college level micro-econ course, nor any business courses.
Kenny, you're jumping into a perfectly competitive market where you don't have much say over your pricing. Lower your prices, and you go out of business because you can't cover costs. Raise your prices, and you lose market share. Your prices are dictated by your direct competitors, competitors that have been doing this MUCH longer than you have and understand the cyclical nature and operating costs MUCH more than you do. Anyone can start a business, but many MANY people have NO idea what they're doing.
Kenny, you're jumping into a perfectly competitive market where you don't have much say over your pricing. Lower your prices, and you go out of business because you can't cover costs. Raise your prices, and you lose market share. Your prices are dictated by your direct competitors, competitors that have been doing this MUCH longer than you have and understand the cyclical nature and operating costs MUCH more than you do. Anyone can start a business, but many MANY people have NO idea what they're doing.
i don't want it to but somethings arn't meant to be but one another point yes i do have a business degree
10-28-2009, 09:09 PM
#28
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Re: so..
This isn't how you stay above water in a perfectly competitive market...You really need to pick a book up or do some basic research. Do you even have a business plan? Better yet, have you even done a SWOT analysis? If you have, prove me wrong by posting them and I'm sure we'd be able to constructively critique them and help. Until then, this is a pipe dream.
10-28-2009, 09:19 PM
#29
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Re: so..
For shits and giggles, let's do a simple S.W.O.T analysis:
From inside the company, what are your strengths/ weaknesses? From outside the company, what are your threats/ opportunities?
There are FAR too many attributes to properly starting a business to get into online. How are you going to market your business? Another simple task you can work on is the 4 P's of marketing: Product, Price, Placement, Promotion. What is your product/ service? What's the price? How are you going to place that service into the market and promote it? What's your edge over the competition? Like I said, there are FAR too many attributes to take into account here. I'd suggest picking up a intro level book on starting your own business. This probably won't cover marketing and accounting principles either. As you can see, it's quite an undertaking starting a business. Also, you have to have skin in the game to get any kind of business loan. What I mean by that is you must have some kind of collateral for any kind of loans you expect to get. My head is spinning thinking about all of this, and I am a Finance/ Business major.
From inside the company, what are your strengths/ weaknesses? From outside the company, what are your threats/ opportunities?
There are FAR too many attributes to properly starting a business to get into online. How are you going to market your business? Another simple task you can work on is the 4 P's of marketing: Product, Price, Placement, Promotion. What is your product/ service? What's the price? How are you going to place that service into the market and promote it? What's your edge over the competition? Like I said, there are FAR too many attributes to take into account here. I'd suggest picking up a intro level book on starting your own business. This probably won't cover marketing and accounting principles either. As you can see, it's quite an undertaking starting a business. Also, you have to have skin in the game to get any kind of business loan. What I mean by that is you must have some kind of collateral for any kind of loans you expect to get. My head is spinning thinking about all of this, and I am a Finance/ Business major.
10-28-2009, 09:25 PM
#30
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Re: so..
For shits and giggles, let's do a simple S.W.O.T analysis:
From inside the company, what are your strengths/ weaknesses? From outside the company, what are your threats/ opportunities?
There are FAR too many attributes to properly starting a business to get into online. How are you going to market your business? Another simple task you can work on is the 4 P's of marketing: Product, Price, Placement, Promotion. What is your product/ service? What's the price? How are you going to place that service into the market and promote it? What's your edge over the competition? Like I said, there are FAR too many attributes to take into account here. I'd suggest picking up a intro level book on starting your own business. This probably won't cover marketing and accounting principles either. As you can see, it's quite an undertaking starting a business. Also, you have to have skin in the game to get any kind of business loan. What I mean by that is you must have some kind of collateral for any kind of loans you expect to get. My head is spinning thinking about all of this, and I am a Finance/ Business major.
From inside the company, what are your strengths/ weaknesses? From outside the company, what are your threats/ opportunities?
There are FAR too many attributes to properly starting a business to get into online. How are you going to market your business? Another simple task you can work on is the 4 P's of marketing: Product, Price, Placement, Promotion. What is your product/ service? What's the price? How are you going to place that service into the market and promote it? What's your edge over the competition? Like I said, there are FAR too many attributes to take into account here. I'd suggest picking up a intro level book on starting your own business. This probably won't cover marketing and accounting principles either. As you can see, it's quite an undertaking starting a business. Also, you have to have skin in the game to get any kind of business loan. What I mean by that is you must have some kind of collateral for any kind of loans you expect to get. My head is spinning thinking about all of this, and I am a Finance/ Business major.
my threats are.....other shops that have a good name and widely known and as for as opportunities...tons