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^ what business are you running recycledpaper?
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Originally Posted by recycledpaper
Executive76: yes
Originally Posted by Much Respected
^ what business are you running recycledpaper?
recycledpaper wrote:
this guy is doing it wrong.
you will only work 24/7 if you WANT TO. why do you think people want to be business OWNERS? cuz they wanna OWN the business, not WORK on the business everyday. you say you envy the 9-5 people, but for what? vacation time? how about vacation whenever you want to because you have an automated system? how about never getting yelled at by ANYONE and never having to answer to ANYONE? yeah you don't get that with a 9-5 job.
the people who WORK 24/7 are 1) too cheap to want to pay wages to employees, 2) too lazy to hire and train, and/or 3) too lazy to revamp the way they do business and make it more efficient
This is probably the most ill-advised comment I've read all day.
First. When you're a business owner, you don't want to work 24/7. You NEED too. Your on the clock all day, every day. Here's a perfect example. This morning, I got a call from my ADT security company at 7:30 in the morning saying there was a possible break-in because something triggered the alarm. So the police were notified and I had to jump out of bed to my car and meet them there ASAP, at 7:30 with no shower, brushing teeth etc. Come to find out, a paper-thin poster had fell off the window and the motion from poster falling triggered the sensor.
On the way to my store, I was like this:"I swear to God if I catch whoever robbed me Im gonna ..."
Well I got there before the police did and I immediately went:,.....................after seeing no glass broken and the poster laying in the middle of my store.
So to recycledpaper, I take it you have a lot to learn about being an entrepeneur. You can't just hire anyone to run your hard-earned business. You can't just trust anyone. A bad employee can be the downfall of your business. That is why you'll usually see family operated franchise business. Ill stop right here.
This is probably the most ill-advised comment I've read all day.Originally Posted by Animal Thug1539
recycledpaper wrote:
this guy is doing it wrong.
you will only work 24/7 if you WANT TO. why do you think people want to be business OWNERS? cuz they wanna OWN the business, not WORK on the business everyday. you say you envy the 9-5 people, but for what? vacation time? how about vacation whenever you want to because you have an automated system? how about never getting yelled at by ANYONE and never having to answer to ANYONE? yeah you don't get that with a 9-5 job.
the people who WORK 24/7 are 1) too cheap to want to pay wages to employees, 2) too lazy to hire and train, and/or 3) too lazy to revamp the way they do business and make it more efficient
Originally Posted by wawaweewa
Recycledpaper, you're talking out of your %@%. That is not the way it works. Nor has it ever worked that way.
The majority of businesses that are run with a hands off approach by the owner are your typical piece of !**+ businesses that are just getting by because there is sufficient demand that even a number of poorly run businesses can "succeed".
I work with a guy who has the same train of thought as you. He thinks that owners can just hire people, sit back, and rake in the profits.
Originally Posted by recycledpaper
This is probably the most ill-advised comment I've read all day.Originally Posted by Animal Thug1539
recycledpaper wrote:
this guy is doing it wrong.
you will only work 24/7 if you WANT TO. why do you think people want to be business OWNERS? cuz they wanna OWN the business, not WORK on the business everyday. you say you envy the 9-5 people, but for what? vacation time? how about vacation whenever you want to because you have an automated system? how about never getting yelled at by ANYONE and never having to answer to ANYONE? yeah you don't get that with a 9-5 job.
the people who WORK 24/7 are 1) too cheap to want to pay wages to employees, 2) too lazy to hire and train, and/or 3) too lazy to revamp the way they do business and make it more efficient
First. When you're a business owner, you don't want to work 24/7. You NEED too. Your on the clock all day, every day. Here's a perfect example. This morning, I got a call from my ADT security company at 7:30 in the morning saying there was a possible break-in because something triggered the alarm. So the police were notified and I had to jump out of bed to my car and meet them there ASAP, at 7:30 with no shower, brushing teeth etc. Come to find out, a paper-thin poster had fell off the window and the motion from poster falling triggered the sensor.
On the way to my store, I was like this:"I swear to God if I catch whoever robbed me Im gonna ..."
Well I got there before the police did and I immediately went:,.....................after seeing no glass broken and the poster laying in the middle of my store.
So to recycledpaper, I take it you have a lot to learn about being an entrepeneur. You can't just hire anyone to run your hard-earned business. You can't just trust anyone. A bad employee can be the downfall of your business. That is why you'll usually see family operated franchise business. Ill stop right here.
you are never going to be rich with that attitudeOriginally Posted by recycledpaper
Executive76: yes
bc60997: no, it's not. it's the difference between successful and smart business owners and your average, run of the mill business owners. why do you think some entrepreneurs are known to own multiple businesses? once they have a set system + trusted employees running the show, they start on another business. that's the only thing i can think of where you're working long hours because you're constantly working on something new. but after a year in business and you're still working 24/7? something is wrong with your business plan or you are spending wayyyyy too much than is necessary. that's what i call a FAILING BUSINESS. even if your company is making profit, you have failed because you are putting too much time into your business. how can you expect to enjoy the fruits of labor when you're busting your %%# everyday? a successful business can run without a hitch even if the owner/founder isn't there.
First off, public and private corporations have 2 entirely different structures. You want to talk about private or public?Originally Posted by recycledpaper
Originally Posted by wawaweewa
Recycledpaper, you're talking out of your %@%. That is not the way it works. Nor has it ever worked that way.
The majority of businesses that are run with a hands off approach by the owner are your typical piece of !**+ businesses that are just getting by because there is sufficient demand that even a number of poorly run businesses can "succeed".
I work with a guy who has the same train of thought as you. He thinks that owners can just hire people, sit back, and rake in the profits.
so what about all the businesses that started off with just one store but are now full blown corporations? they all have to start somewhere. hell amazon started off in the founder's garage and i'm sure as hell he aint working 24/7 in order for amazon to stay running now lol.
This. Man. Knows. What. He's. Talking. About.Originally Posted by Animal Thug1539
roora85 wrote:
REMEMBER THIS WILL BE YOUR LIFE. YOU WILL WORK 24/7.
I ENVY people with 9-5 jobs. weekends off, and vacation time with benefits/insurance and so on.
...the only thing is, soon, if that Manager is anywhere near intelligent ( and if you're business is successful then I'm assuming he may be ), he will leave and start his own operation. He'll realize that he's actually running the business and only making 50% of the profits.Originally Posted by wawaweewa
Originally Posted by recycledpaper
This is probably the most ill-advised comment I've read all day.Originally Posted by Animal Thug1539
recycledpaper wrote:
this guy is doing it wrong.
you will only work 24/7 if you WANT TO. why do you think people want to be business OWNERS? cuz they wanna OWN the business, not WORK on the business everyday. you say you envy the 9-5 people, but for what? vacation time? how about vacation whenever you want to because you have an automated system? how about never getting yelled at by ANYONE and never having to answer to ANYONE? yeah you don't get that with a 9-5 job.
the people who WORK 24/7 are 1) too cheap to want to pay wages to employees, 2) too lazy to hire and train, and/or 3) too lazy to revamp the way they do business and make it more efficient
First. When you're a business owner, you don't want to work 24/7. You NEED too. Your on the clock all day, every day. Here's a perfect example. This morning, I got a call from my ADT security company at 7:30 in the morning saying there was a possible break-in because something triggered the alarm. So the police were notified and I had to jump out of bed to my car and meet them there ASAP, at 7:30 with no shower, brushing teeth etc. Come to find out, a paper-thin poster had fell off the window and the motion from poster falling triggered the sensor.
On the way to my store, I was like this:"I swear to God if I catch whoever robbed me Im gonna ..."
Well I got there before the police did and I immediately went:,.....................after seeing no glass broken and the poster laying in the middle of my store.
So to recycledpaper, I take it you have a lot to learn about being an entrepeneur. You can't just hire anyone to run your hard-earned business. You can't just trust anyone. A bad employee can be the downfall of your business. That is why you'll usually see family operated franchise business. Ill stop right here.
i am young, i always have a lot to learn, and i do appreciate you taking the time to tell me your story. i do agree that when certain things happen, your presence and attention is needed and no one else's will suffice. when the DHL van that was supposed to deliver our weeks shipment was stolen at gunpoint, i was the one on the phones and i was the one making sure our insurance claim went through and we got compensated.
but for everything else, my presence is not required. that is the point i'm trying to make. i allow people certain decision-making abilities if it's under a certain cost level so that i do not have to be bothered with trivial issues. that is my way of streamlining everything so i can focus on other things, maybe spend time with my family before it's too late, spend the day listening to my vinyl collection, etc. where we share similarities is that in both of our cases, they're not your average responsibilities. does your alarm go off that often? no it doesn't. if you're managing your store, can you find and hire a trustworthy manager to fill in your position? yes you can, if you have good interview skills (not saying you don't). would you be willing to pay the manager almost 50% of your store's profits in order to keep them around and make your life easier? that's the problem most business owners face because on one hand, that extra 50% profit is VERY nice and heck, why pay someone else when you can do it yourself? but then you find yourself complaining that owning your own business is a pain in the +%$, the hours are long, haven't had a vacation in 10+ years, etc etc. these problems can all be avoided but most are just too greedy to accept the solution that's right in front of them. it's easy to quantify money, you can touch it and feel it and spend it and count it. time... not so much.
but yeah, again i respect everyone that's posting in here because it really does take a special skill set and passion to do something you love and to make a profitable business from it. i'm just trying to argue that time is a very valuable asset that also plays into how successful a business is. and i think that's the #1 complaint business owners have is that running their business takes too much of their time.
sorry if some of the things i said don't make 100% sense.. i'm a bit tired.
Originally Posted by recycledpaper
then you let him walk. how many managers you know quit their job at pizza hut to start their own pizza hut? how about quitting a management job at sport chalet to open another sport chalet? it's called complacency and a majority of people are very complacent.
Originally Posted by senor chang
Animal Thug, I'm looking to open a metro store next year with a friend when I have enough money. Any advice?do or don't do?
Originally Posted by roora85
i own 3 brick and mortar sneaker/clothing stores and a pretty successful online website, no I will not mention what site it is. I will stay anonymous.
my advice to anyone who wants to get in to this business; DON'T. This will become your life, if you like it then go for it but prepare to be in debt for a long time. The days when you make money from a brick and mortar store aka mom and pop shop are over. everything is debt, more debt and bills.
if you decide to do a shop, then do something related to service, and no products. the hardest part about a sneaker store is ordering merchandise. YOU WILL NEVER ORDER ONLY THE HOT STUFF THAT SELLS. Out of the 1500 pairs of sneakers i order each month, i might sell about 400-500 a month. yes that is all. you will be stuck with the other 1000 and then pray to GOD for them to sell. if you do not understand this, go to your local mall and look at macys. DO YOU SEE HOW MANY ITEMS ARE ON SALE? why do you think they are on sale? BECAUSE THEY DONT SELL. and you will be stuck in the same situation and so on.
REMEMBER THIS WILL BE YOUR LIFE. YOU WILL WORK 24/7.
I ENVY people with 9-5 jobs. weekends off, and vacation time with benefits/insurance and so on.
Originally Posted by wawaweewa
Originally Posted by recycledpaper
then you let him walk. how many managers you know quit their job at pizza hut to start their own pizza hut? how about quitting a management job at sport chalet to open another sport chalet? it's called complacency and a majority of people are very complacent.
Your logic doesn't make much sense.
A complacent person would not make a good manager. If you entrust the bulk of your operations to a manager then that means he would have to be the opposite of complacent if you were to succeed.
You are trying to apply a public corporate structure to a private business/ corporation. It doesn't work. Two entirely different beasts.
Again, I'll say it. In a majority of markets there is enough demand even to sustain (some) poorly run businesses. If you are a hands off owner, you will "get got" and you will bleed talent constantly.