• Business discussion
    66 replies, posted
[QUOTE=Incoming.;41685829]Oh, forgot to put in the name of the stock. It was POTash, which I feel confidant will [I]eventually[/I] rebound a bit, but what I've recently come to be concerned by is a massive sell-off. The stock had the appearance of a slow climb initially, but it dropped 40 cents. I do understand their industry is in trouble, and from averaging out two credit ratings it was a target price of 38. Personally, I believe it's only going to 33 dollars, so my target to sell is 32. Pretty much what I'm asking would be another opinion whether I should buy even more of the stock, or other ones that are interesting.[/QUOTE] You have to understand why the stock tanked in the first place. The reason is because previously, the potash industry was pretty much fixing prices due to their chokehold on the supply of the world's potash. However, recently, Uralkali, a major supplier of potash involved in this informal cartel, broke ranks and started selling outside of this agreement. They've upped production and started selling more. Potash prices, currently $400 per ton, are predicted to fall below $300 by the end of the year. This will naturally severely cut into their profits, which is why the stock tanked in the first place. It is up to you to use this new information (the future price of potash) to value the company, e.g. based on how much potash it mines per year, how much revenue and profit can it make at this new price? A stock isn't cheap just because its price is low. A stock is cheap because it is selling at below what you think its worth. Is Potash Corp worth $29 per share? Is it worth more? Or less? That's up to you to decide.
I was going to buy some Tesla Motors stock about 7 months ago when it was at 36 dollars but I didn't have much money so I didn't. It's at 135.33 last I looked. Damn. [editline]2nd August 2013[/editline] [QUOTE=Prez;41682388]It's always a good idea to brainstorm venture ideas, so I wanted to post my latest one here. If you guys have the time to give questions about the idea or critiques, please feel free. So my latest idea would be to have a "University Thrift Store", which is basically where university students (at the start just the one I attend) can bring in their items and we resell them. Usually what happens (with companies like Value Village) is that clothes and other items are given in for free as there is usually a charity involved. However, I was thinking of doing it a little differently - the person bringing items in would pay a small cost for each item (so it can be cleaned and properly prepared for resale), and they would get a certain percentage of the revenue generated from selling it. If possible, I would make it so the person bringing items in would always make a profit, in order to make them happy (however it would be difficult to keep my side profitable in some cases). Do you guys see any big holes in this idea? In my opinion, I think it has potential to be popular within the student community, because students are always looking to make money. On the flip side, having a place to buy cheap clothing for wear is a huge plus as well.[/QUOTE] A lot of thrift stores operate on Consignment. You sell items for other people and you both get profits from it.
Hey guys. I'm 19 years old. I'm studying Arts and I live on a country that is filled with corruption and stupidity. I'm going for my last year on highschool and I still don't know what to do. I don't want to go to the University because here (in Portugal) it's almost nothing. And I'm in Arts. I'm really good at drawing with pencil and I have a lot of knowledge about a lot of stuff (building houses, music, how to manage a company [my father owns one and I manage his client's files]) but I want to earn money from what I love. I'm also really good with design and colours and that kind of stuff. But I want to create something original. Something that makes my father and my family proud of me. I want to marry and to live with my girlfriend. And I don't want to stay in this country full of greed. I need help guys. Can you please give me advises about what do I do and where do I go to have a business of my own so I can "live" and work for myself and not for the others? And sorry if I kicked English's butt. It's 01:35 here and I really tired. And thank you for the attention.
[QUOTE=MajesticPT;41692049]Hey guys. I'm 19 years old. I'm studying Arts and I live on a country that is filled with corruption and stupidity. I'm going for my last year on highschool and I still don't know what to do. I don't want to go to the University because here (in Portugal) it's almost nothing. And I'm in Arts. I'm really good at drawing with pencil and I have a lot of knowledge about a lot of stuff (building houses, music, how to manage a company [my father owns one and I manage his client's files]) but I want to earn money from what I love. I'm also really good with design and colours and that kind of stuff. But I want to create something original. Something that makes my father and my family proud of me. I want to marry and to live with my girlfriend. And I don't want to stay in this country full of greed. I need help guys. Can you please give me advises about what do I do and where do I go to have a business of my own so I can "live" and work for myself and not for the others? And sorry if I kicked English's butt. It's 01:35 here and I really tired. And thank you for the attention.[/QUOTE] Freelance graphic design or maybe some kind of silk screening business at a tourist location where they can get custom shirts made.
I had a business idea a while ago. If anyone has capital, feel free to run with it without credit: Its like subway only with burgers. You have different types of buns, burgers, and toppings to choose from: Buns White Wheat Potato Crispy Onion Burgers Turkey Beef Juicy-Lucy Bacon infused burger ** (speciality) Option to have their bun toasted Toppings standard burger toppings plus shit that primanti brothers has (slaw, fries) There was more to this idea when I was actively thinking about it, but this is all I got now. Oh, and the burgers are made to order. Not frozen or pre-cooked. All meat is ground in-house.
I had an idea just like that haha.
Hey guys, what are some tips that you guys can give me for landing a job? Currently, everyone inside my household is unemployed, and we've had extra people essentially living here for free for about a year, so my family is in dire need of some form of income. Any and all help is appreciated, since most of my family refuses to help themselves.
[QUOTE=Smas;41694949]Hey guys, what are some tips that you guys can give me for landing a job? Currently, everyone inside my household is unemployed, and we've had extra people essentially living here for free for about a year, so my family is in dire need of some form of income. Any and all help is appreciated, since most of my family refuses to help themselves.[/QUOTE] Where do you live (city, state), what's the education levels of your family, and are there any previous employment experience that are applicable to the current job market?
[QUOTE=Smas;41694949]Hey guys, what are some tips that you guys can give me for landing a job? Currently, everyone inside my household is unemployed, and we've had extra people essentially living here for free for about a year, so my family is in dire need of some form of income. Any and all help is appreciated, since most of my family refuses to help themselves.[/QUOTE] Get a resume, get active in the community, have a broad range of skills. Apply everywhere that is hiring and be aggressive about it. It's not that difficult.
Stocks are lots of fun. I like to day trade when I get the chance, but it does require a bit of research beforehand, and lots of caution and planning. Made $2k a few years ago on a single trade and used it to buy a new laptop, but haven't hit it quite that big since (in one trade, that is)
[QUOTE=shingda;41681190]Welp, here goes. Last week i've launched my first clothing brand. I've become focused on marketing it, but I am trying to get as many people looking at my stuff as possible. I've bought buttons and stickers, and i'm planning on going to NYC and sticking stickers up everywhere where people usually commute. I'm also on social media (Facebook, Instagram.) What are some good ways to market my clothing brand besides these? Also, in all seriousness, Critique would be nice. I don't know if i'm going to get banned for this but if you guys want, just let me know what you guys think of my designs. (idk if this is counted as self-premoting your shit, which im pretty sure is against the rules, but i'm really just looking on ways that I can improve) [url]www.cetitoff.com[/url][/QUOTE] Do you manage your own production? Do you have a t-shirt 'printer' / 'presser' or do you get another company to produce them for you? Do you do just design, sales and marketing? [editline]3rd August 2013[/editline] ---------------- Personal story. I've been running up against a personal wall. I have a lot of ideas for companies. I type out financial projections, see they're profitable (on paper at least) but it's been hard to get off that paper-company stage. I currently have a law advise firm, which does money collection as well. I have had some lucrative jobs but currently it's just fallen flat on it's ass. No more jobs. I feel too insecure to start investing in marketing about it... So I started a second company, in which I hire myself out to schools, to give lectures to students about their virtual identity and that they should be conscious about it. I gave 3, but now it's summer and there's no school so currently no work either. I've also been designing an intermediary business platform where businesses bid competatively for a joboffer, and pay me a middleman fee. I'm having real trouble getting it off the ground though. Hard to get it started, since I need several people who offer their services before I can start finding people who would buy the services. Hmm. Maybe I'm diversifying too much.
I'd like to get into Stocks to make some sort of profit, it doesn't have to be immediate it's actually better if it's somewhat long term. I'd like advice on this. I also want to know about the whole buying property thing and then turning it out for rent. I have a moderate understanding of how it works I'm just wanting to know the nuances of it.
[QUOTE=id05245;41700712]I'd like to get into Stocks to make some sort of profit, it doesn't have to be immediate it's actually better if it's somewhat long term. I'd like advice on this. I also want to know about the whole buying property thing and then turning it out for rent. I have a moderate understanding of how it works I'm just wanting to know the nuances of it.[/QUOTE] I just started to read investment books such as The Richest Man in Babylon, The Intelligent Investor, and others. Also Reddit has pretty good information on it ([url]www.reddit.com/r/investing/wiki/faq[/url])
[QUOTE=id05245;41700712]I'd like to get into Stocks to make some sort of profit, it doesn't have to be immediate it's actually better if it's somewhat long term. I'd like advice on this. I also want to know about the whole buying property thing and then turning it out for rent. I have a moderate understanding of how it works I'm just wanting to know the nuances of it.[/QUOTE] This helps: [url]https://www.khanacademy.org/science/core-finance/stock-and-bonds[/url]
[QUOTE=Grasp;41695136]Stocks are lots of fun. I like to day trade when I get the chance, but it does require a bit of research beforehand, and lots of caution and planning. Made $2k a few years ago on a single trade and used it to buy a new laptop, but haven't hit it quite that big since (in one trade, that is)[/QUOTE] The only thing stopping me from actually day trading is broker fees. My broker charges 10$ an order, so that means to just break even I would have to make 10$, but more for a profit. Changing by a few cents would result in some large losses, unless I was dealing with many many many shares, but I don't have that much capital to do many many many shares, so for now I am sticking to medium and longer term and hoping for the best. It's all a learning experience for me though, not in it to get rich or something.
The biggest thing keeping me from starting a business is the actual starting of a business. I don't know everything that's required to "start" a business. Every site I look at says the obvious, like: oh well you need a business plan, capital investment, etc, etc. But what do you actually [I]do[/I] to start a company? Day 1: Where do I go, who do I talk to, what do I do to start a legally registered company? Is filling out a LegalZoom form and getting an EIN with the IRS enough?
Same here and I'd actually really like to have one.
[QUOTE=OvB;41704790]The biggest thing keeping me from starting a business is the actual starting of a business. I don't know everything that's required to "start" a business. Every site I look at says the obvious, like: oh well you need a business plan, capital investment, etc, etc. But what do you actually [I]do[/I] to start a company? Day 1: Where do I go, who do I talk to, what do I do to start a legally registered company? Is filling out a LegalZoom form and getting an EIN with the IRS enough?[/QUOTE] I'm not sure about the US but in Australia there isn't much you need to do to actually start a business. I assume you intend to establish your business as a sole proprietorship (you have complete control, but unlimited liability). If you establish the business under your own name (eg John Smith if that is your name) then no, you don't need to register the business name. However if you do want a business name you will need to register the name, here in Australia that is done with the Australian Securities and Investment Commission. As a business, sole proprietorships do not pay tax; however the income of the business is the owner's own personal income and so it contributes to the owner's income that is subject to taxation. So if you receive $100,000 in income from your business in a single financial year, then that means you pay tax on that income at personal income tax rates along with whatever other earnings you have. This is of course a disadvantage of sole proprietorships as if you earn enough here in Australia at least, you can lose roughly half of your income to tax alone. So yeah in summary the only thing you need to register is a business name if you don't do business under your own name. I'm not sure if the US is any different but. [editline]4th August 2013[/editline] Starting a company on the other hand is a completely different thing, and I am not sure of the process. It's probably going to be more complicated but it does have its benefits such as limited liability. If you only intend on having a small business (less than a dozen employees) then you should probably just stick with being a sole proprietorship.
Me and a friend were exploring the idea of starting a drop shipping partnership (LLC) and I'm just unsure how to get things going. (If you're unfamiliar with drop shipping: [url]http://en.wikipedia.org/wiki/Drop_shipping[/url]). From what I've gathered so far, to get a drop shipping account with wholesalers you need to have an Employer Identification Number and be a legal company. Both of which can be applied for online (through the IRS for the EIN, and LegalZoom for the LLC) Another problem is he lives in Canada and I live in the States and we're unsure how that would work with taxes and what not. I'm not sure it would make a huge deal as the company would be based in the States. I just don't know what [I]else[/I] there is besides those. Debating whether or not I should just wing it and see what happens.
[QUOTE=OvB;41705345]Me and a friend were exploring the idea of starting a drop shipping partnership (LLC) and I'm just unsure how to get things going. (If you're unfamiliar with drop shipping: [url]http://en.wikipedia.org/wiki/Drop_shipping[/url]). From what I've gathered so far, to get a drop shipping account with wholesalers you need to have an Employer Identification Number and be a legal company. Both of which can be applied for online (through the IRS for the EIN, and LegalZoom for the LLC) Another problem is he lives in Canada and I live in the States and we're unsure how that would work with taxes and what not. I'm not sure it would make a huge deal as the company would be based in the States. I just don't know what [I]else[/I] there is besides those. Debating whether or not I should just wing it and see what happens.[/QUOTE] Definitely wing it - you should forget about setting up the business for now and drop shipping, and just see if whatever it is you want to sell, actually sells well first. Would definitely save a lot of time and hassle if it doesn't work out. Also in regards to you being in the US and your friend being in Canada, I should imagine it depends on where the sales are made and where the profits are remitted to. It would probably be easier to have a company set up in each country and let the money shift between the two, prevents issues of your friend doing work for a US company or vice-versa.
get da fuck outta my binez, these is my corners!
FP Buisiness You didn't copuright? PHHAHAH
Pretty nice thread here so I'll go ahead and share my own story so far and also have a few questions about it. I'm currently 17 living in England and still in school and recently started up a 'business partnership' with a friend as a hosting business. So far we're focusing on Minecraft servers (hate it or not it's working either way) and also have a few customers who have dedicated servers with us. As it's still only a small-fry business we currently rent our servers rather than owning them and colocating, but that's not to say we don't know what we're doing - we've been up for around 7 months now and have a few hundred clients, and before this my other partner had run a hosting company before but PayPal shut him down (underage account lol). Profit margins are lower than expected as just before we started the prices of our rented dedi's went up and therefore profits down as we have to keep prices low to be competitive. However, recently the prices for new customers from our host have dropped so we may rebuy servers at the lower price and migrate to them. Now here's my question: by migrating to the new server, existing IPs for our customers will have to change. We will obviously warn them in advance and I'm thinking of giving everyone say 50% off of their price for that month should they continue with us. Do you think that's a fair deal considering when we rebuy the servers we will be getting better specs as well improving their quality and will also do all of the work ourselves rather than letting the clients sort themselves out (which would be extremely stupid on our behalf if we didn't anyway). Also if anyone has any questions about setting up UK businesses I can try to help if you need!
[QUOTE=Borked;41732144]Pretty nice thread here so I'll go ahead and share my own story so far and also have a few questions about it. I'm currently 17 living in England and still in school and recently started up a 'business partnership' with a friend as a hosting business. So far we're focusing on Minecraft servers (hate it or not it's working either way) and also have a few customers who have dedicated servers with us. As it's still only a small-fry business we currently rent our servers rather than owning them and colocating, but that's not to say we don't know what we're doing - we've been up for around 7 months now and have a few hundred clients, and before this my other partner had run a hosting company before but PayPal shut him down (underage account lol). Profit margins are lower than expected as just before we started the prices of our rented dedi's went up and therefore profits down as we have to keep prices low to be competitive. However, recently the prices for new customers from our host have dropped so we may rebuy servers at the lower price and migrate to them. Now here's my question: by migrating to the new server, existing IPs for our customers will have to change. We will obviously warn them in advance and I'm thinking of giving everyone say 50% off of their price for that month should they continue with us. Do you think that's a fair deal considering when we rebuy the servers we will be getting better specs as well improving their quality and will also do all of the work ourselves rather than letting the clients sort themselves out (which would be extremely stupid on our behalf if we didn't anyway). Also if anyone has any questions about setting up UK businesses I can try to help if you need![/QUOTE] Where do you rent from? You might also want to think about giving your customers free subdomains for their servers (like myawesomeserver.minecrafthost.com) so they don't have to give people different IPs when you switch hosts. On an actually business related note, you should just go through with the move but make it clear that it's improving the service for everyone. If people complain, give them a coupon for some amount off their next invoice.
anyone have any idea how to go about setting up a web layout business for people, or a great way to freelance computer projects for people, or how to learn how to be able to do either of those things?
[QUOTE=supersnail11;41740100]Where do you rent from? You might also want to think about giving your customers free subdomains for their servers (like myawesomeserver.minecrafthost.com) so they don't have to give people different IPs when you switch hosts. On an actually business related note, you should just go through with the move but make it clear that it's improving the service for everyone. If people complain, give them a coupon for some amount off their next invoice.[/QUOTE] Currently with OVH Thanks for reminding me about the sub domains as well - we currently offer them on request as it is so I had overlooked them in my email I think we'll go through with the move starting next month so people can get ready. Appreciate the ideas!
[QUOTE=OvB;41704790]The biggest thing keeping me from starting a business is the actual starting of a business. I don't know everything that's required to "start" a business. Every site I look at says the obvious, like: oh well you need a business plan, capital investment, etc, etc. But what do you actually [I]do[/I] to start a company? Day 1: Where do I go, who do I talk to, what do I do to start a legally registered company? Is filling out a LegalZoom form and getting an EIN with the IRS enough?[/QUOTE] I just started a business this year as a sole proprietership. I build quality tarps to cover pretty much anything. I'm not sure about other states but in Kansas all I had to do was apply for a Kansas retail sales tax license online and that is it. I also applied for a federal EIN too because it is required by some lenders but it is not necessary unless you have employees or are an LLC. Be prepared for a high down payment percentage if you are wanting a business loan, most banks are 25%-50%.
[QUOTE=id05245;41741712]anyone have any idea how to go about setting up a web layout business for people, or a great way to freelance computer projects for people, or how to learn how to be able to do either of those things?[/QUOTE] I think a good way to start is to go around to your local universities/colleges and hang up ads on noticeboards, this is a common thing at my university at least. You'll want to promote your services where your target audience will be most, and I think those places are good to start at. You could try online like creating a Facebook page but I have doubts over the effectiveness of that for a start up. I assume you're talking about the marketing side of things anyways.
This thread seems a bit dead, but i'll give posting here a shot. I've got to conduct research into a business of my choice for a piece of coursework, I've been given a set list of tasks that I have to choose a question from and i've got to answer that question using my research as a reference/source. The problem is that the choice of questions is quite traditional, they're mainly suited for shops, etc. I'm planning on researching a business I visited for work experience, they do front and back end web development. It's a pretty small business, only about 3 people work there. The issue is that I have no idea what question to pick, i've narrowed it down to three, "What has been the most important enterprise skill required by the owner of a local business?", "To what extent are financial objectives more important than non-financial objectives for people who choose to start their own business?" and "What is the most important way the small business you have chosen meets customer needs?". Any input as to what question would be best would really be appreciated, I'm stuck.
[QUOTE=Dorkslayz;41784870]This thread seems a bit dead, but i'll give posting here a shot. I've got to conduct research into a business of my choice for a piece of coursework, I've been given a set list of tasks that I have to choose a question from and i've got to answer that question using my research as a reference/source. The problem is that the choice of questions is quite traditional, they're mainly suited for shops, etc. I'm planning on researching a business I visited for work experience, they do front and back end web development. It's a pretty small business, only about 3 people work there. The issue is that I have no idea what question to pick, i've narrowed it down to three, "What has been the most important enterprise skill required by the owner of a local business?", "To what extent are financial objectives more important than non-financial objectives for people who choose to start their own business?" and "What is the most important way the small business you have chosen meets customer needs?". Any input as to what question would be best would really be appreciated, I'm stuck.[/QUOTE] I'd say the second one - 'to what extent' seems a better question to answer for coursework than 'which is the most important'
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