5 Worst Businesses to Start in 2024
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- Опубликовано: 24 июл 2024
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I spend a lot of time talking about which businesses it might be good to buy or invest in. But what about which businesses to avoid?
Today we're going to talk about the worst businesses, why I (generally) don't invest in them, and how it all comes down to one thing: probability. What is the likelihood that the money I put in yields a return on my investment? And even if there's a return on my investment, how long will it take to see results? Is it worth your time, and mine? More often than not with these businesses, the answer is a resounding "no."
In this video I look at the studies, crunch the numbers and explain why these are the top businesses to avoid. Have you ever invested in one of these businesses? Did you find success or failure? I want to hear from you, comment below!
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Развлечения
Check out 130 Boring Businesses I LOVE to buy here contrarian-thinking.ck.page/130-boring-biz
convention centers
open 24/7
space studio- 50,000 funding from the european space agency
i dont know what nasa is proposing but they should at least match it
tiny sats
and other satelite companies on display is part of that criteria
space hotel concepts have billions attatched to the and could be a showroom
aswel as
space food vendors
its brilliant disaster
i need a global innovation platform
tour guides
rob downy jrs footprint coalition - hes got a website
plant meat ???
vertical farming
thiers new sea farming methods
robots need an intervention
so robot vendors
robo chefs
coffeee bots being designed etc
the maker space is the most recent community platform and is kinda building these robots
with a
computer building station
and
craft lounge
knitting
these platforms become much more elaborate and have room for expansion and will take off on thier own and evolve into solution powerhouses
recycling processes = boring
until we look at spanish rivers over flowing with trash bags
nasa wanna set fire to but i reckon we can design robots to fly through this
aswel as oceanic robots
thiers an islands full of plastic at sea the size of france with sea life getting tangled in it and i reckon i can storm through this
parcel drone prototypes becuase none of them work yet
passenger drones and traffic is another system thats gonna take years to figure out and probably needs a sector
a sci fi med sector too were able to grow human hearts but the funding is small
and we can amplify this
super food recipes and vendors
also superfood space food recipes
so i just wanna unpack a a bunch of projects and project sectors
which should point everyone and a.i
in the right directions
earth homes ??? i dunno but i think we could find out and house the entire world once and for all
@user-codiesanchez hey can you make any sence of what i wrote
i can re write everything clearer if it doesnt
How about the top ten businesses you love 🙂
I'm considering a plumbing business...thoughts?
So it's a "No" on dry cleaners, @codidSanchezCT? I was thinking of buying a dry cleaner. What is "remediation"?
1:02 ATM Machines/Routes
3:11 Amazon FBA
6:15 Retail Stores
9:04 Restaurants
11:32 Hotels
Others mentioned: Gyms, Dry Cleaning
You’re welcome 😘
Thanks. I’m still going to watch the full video ❤
You’re a stud!
Cheers. Won't bother watching the rest
Saves time thanks
Wish you would have said that I need to watch 3 ads in this video.
😂
I operate four restaurants in my town. I use the KISS method.
My first one cost me $50k to open. I bought used equipment. Went in a location that was previously a restaurant. Btw doing this I saved on build out… like the hood system… grease trap… fire suppression system etc.
been in business since 2014. My profits average 28%. I focus on a few dishes and make sure they are perfect and fresh ingredients.
Menu simplicity is very underrated but extremely essential to a small restaurant
thats awsome and thats exactly how I plan on opening my first place hopefully in the near future. I see alot of people discouraging restaurants and while the stats are true most fail. But if you take a look around most restaurants are honestly bad and aren't run properly
Thank you
I've been trying to turn an old liquor store into a sub shop. Doesn't make sense to change a retail shop into a restaurant.
What the hell is a good business
Finally, someone who has the balls to call out Amazon FBA as an unprofitable gig for most entrepreneur. Here's my story. I spent $5000 on Amazon FBA and lost. If I had bought $AMZ stock instead, I would have 4x my money without lifing a finger.
But what product you did?
This assumes you would have bought the bottom of AMZ and sold the top...which is easy to say in hindsight.
I did it and I was pretty profitable. It was my first business and all of the things that codie said I have experiencedor at least heard of them. However, I've learned a lot about all the adminstration work, since I did them by myself, which I consider a huge benefit. Especially when you learn that tax consultants are hard to hold accountable for bad consultancy or mistakes they did, it is good build up some knowledge in that space. However, regarding profitability, I was going by a Udemy course and the recommendations in the course - going by numbers, choose products that are cheap in shipping and in a certain price range, look for products with bad review and make it better. In the end I choosed to close the business, because I want to leverage my skills, since I'm a software engineer. Also the fba business felt pretty boring and annoying.
Just cuz u failed doesn’t mean the business was bad. U gotta hold urself accountable
It’s funny how many salty amazon sellers get when someone that actually has a background in running multiple businesses tells them that. I do eBay but I have a service based business and the amount of obnoxious amazon sellers I come across on instagram is hilarious, a lot of them have self Inflated egos when it’s like bro you’re piggy backing off someone else’s brand. Most amazon sellers wouldn’t know how to start their own business let alone run one if amazon shut them down.
Would love a part two, but would also love a sort of middle-ground type list, so not bad businesses to invest in or a top 5 good list but a 5 middle ground businesses to consider with pros and cons on both sides. :)
#1 ATMs
#2 Amizon FBA (pick, pack, ship for you)
#3 Retail Stores (especially boutique mall)
#4 Resteraunts
#5 Hotel sole proprietor
thank you! way too much fluff in the beginning.
Thank you!
Thanks 😊 🎉
What about prostitution???
So many social media gurus still grifting their ATM and Amazon FBA business advice, quite glad we're spreading the truth about these "get rich" businesses
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life
You're absolutely right, to be a successful in life required not only hard work but awareness and sometime opportunity at the moment, investment remains the best way to start.
@@bernarddonald8203I agree with you. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed return.
yeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.
Exactly and many of us don't know where to invest our money so we invest it on wrong place and to the wrong people
@@rahmatumustaph1609 Obviously talking about been successful, I know I am blessed if not I wouldn't have met someone who is as spectacular as Debra Barton
Codie! Part 2 please! Several of these businesses I have also looked at and they never seemed all that worth while. Really enjoyed hearing an experts honest reasoning on why. Service businesses with low entry costs seem like a good place to start.
Get in touch ❤️
Event Venues!
Please part 2! You have really sparked something in me. Have been looking at businesses for sale for a couple of years now and you have excellent navigational skills in entrepreneurship. Hanks so much! 😍
Love this video so much Codie! I also think that those businesses are too complicated for most people. Thank you for doing those videos for us!
Love your videos. You got mad wisdom! I grew up in the retail men’s clothing business near the SF bay. One store supported three families… not an easy lift. Well, it wasn’t such a bad business in 1958, but by the mid 70’s major shopping-mall chain stores started taking over. Every season (there were six, early on) we would have to figure what was hot, what to dump and how we could compete with the chain stores. 2/3 through each season we would run a deep sale of 30-50% to clear the shelves. Trouble was, people waited for that to load up, and day-to-day sales depended on birthdays and the guy that needed an outfit for an event. We dominated in mid-priced suits (until Men’s Warehouse came along), formalwear (until they opened formalwear shops in the malls), and high-end disco (yeah this was a long time ago). Disco died and for the next twenty years our profits came from law enforcement uniforms and accessories. We closed before the year 2000 and made more money in liquidation than we had made in many years. My grandfather, who started the business in the early 20’s, drove inexpensive cars and put all his free cash into real estate. He died at 93 a happy multi-millionaire. Retail is like climbing Everest - there’s a formula for it now, but still, it doesn’t always work. When it works, like the Dutch Bros coffee kiosk that hit town recently, you make some tree. But even then, it can be short lived… 3 more Dutch Bros with separate owners are opening in our town this year. But the car washes, postal stores and laundromats just keep cranking, so there are a few opportunities and you already did a great video on those. Keep the lessons coming, we all need them!
I'm old but I think your outstanding! You are a powerhouse! I have nothing but admiration for you. Keep up the great work and thank you.
I started a Drafting/Auto CAD business in the power industry (T&D/Substation design) 2 year ago and had a hard time getting clients. I started going to trade shows and vendor events which got me calls and even some pro bono work to demonstrate value and landed my 1st project and sent my 1st big (full month) invoice and it got paid today!!! I really enjoy the content! Keeps me motivated because man its easy to just give up!
I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.
As with an my big financial decision,it’s important to keep your guard’s up for economic risks.
However, smart planning, time management and seeking advise from a financial adviser can help keep you and your money safe
@@hermanramos7092 yes i agree and right now the markets are going berserk right now. This is the best time to watch them, get to know them better, and strike when the opportunity presents itself. I learned that from my mentor, ‘’’Catherine Morrison Evans'' she's seen dozens of market cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next.
@@martingiavarini Sure, the Investment advisor that guides me is '''Catherine Morrison Evans'' and she's renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
@@hermanramos7092 Catherine really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
Yes to part 2 please! We own an escape room company, 6 years, and it's been hard to find comparable market data for benchmarking. And fin service providers that know what to to with this type of business. Looking forward to your thoughts on whether to keep going this route. Thanks for knowledge sharing, appreciate you!
I love your common sense financial reasoning. Yes, please do a part 2.
Do you ever look at businesses in other countries like Australia?
Yes, yes, yes part 2 please! So interesting and wise reasoning! Thank you for sharing your knowledge with us!
Yes please part 2 needed ! Can you cover nail / hair / masage spa category?
At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months
please help me?
My Financial adviser is ‘’Yuval Eric Brokman’’ he’s highly qualified and experienced in the financial market. he has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching his credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Google his name⤵
Hey Codie, bring on part 2
Love your Dynamic no B/S approach.
Have a Great Day !
💯👍🐝
many people give info like this video does - but Codie does it so that it's nice to watch and listen to her!
you're really good!!
I have an online divorce preparation business. I have a VA that handles most of the work. I do our own SEO and pick up the phone. I travel all the time and have many repeating customers or referrals from prior clients. I have very little overhead and our differentiation is that most of our clients do not have to go to court.
Awesome! What education do I need to start a online divorce preparation business? I am in Oregon.
@@SRC503 I don’t know how Oregon works. I paid someone that was doing it a coaching fee to teach me until I was ready to do it on my own, that was more than 10 years ago.
Repeat customers on divorce prep? How many times and how often are they getting married?😂
@@nogginnogg1788That’s exactly what I’m thinking.
Interesting
My friends and co workers always say real estate is the worst but personally real estate isn't all terrible honestly, but it's not as profitable as stock investments! Many seasoned investors understand that an investor must be both a dividend and a growth investor. For instance, if I managed to make a 1000% gain on Tesla and then pulled 85% of the profit out and decided to invest it in a lot of more stable dividend stocks like CVX, I would say diversify, but also use those growth opportunities to build capital to invest in dividend payers (or in cash flowing real estate). This is how I made my first million, and I also use an FA, his name is James Fletcher Brennan. Best wishes!
Impressive!! Also, I did read about James Fletcher Brennan on the web, I was able to find his webpage and leave a mail. I'm willing to make consultations to improve my portfolio
love this!
he really seems to know his stuff. I also found his online page and read through his resume, educational background, qualifications and it was really impressive. he is a fiduciary who will act in my best interest. So, I booked a session with him
@@stephmeldrich6765Remarkable 😂😂😂 Get a grip fake commenter.
The fake comments are so ridiculous are obviously fake. Find a better way to market yourself.
Friends of mine have told me to start a food truck or catering business. I've done my "homework" on it and that's why I'm still driving truck. I've watched a couple of your videos now and I find them informative. I haven't heard any business suggestions in your videos that really jumped out at me, but I'll keep watching/listening
YEEEESSSS PLEASE,,,PART 2?!?
Learning SoOo Much from You, THANK YOU!!!
I was a personal trainer for over a decade and ran a martial arts school for kids, but the pandemic left me with only a handful of clients. I'm down to hand full of clients and working as a travel advisor, selling cruises. The pay is good but I really miss being my own boss.
I'd definitely be interested in hearing more about why not to invest in/open a gym. I found a small barrier of entry fitness franchise that seemed like it was a great investment as a franchise owner. I'm still looking for some sort of business where I could be an absentee owner as I work full-time.
Franchise is probably not the best. Depends on your location, which franchise, what your target is for people, what’s your goals . It’s not easy to run a gym. Especially if it’s 24 hours. Lots of cost ya may not think of and the. Also if you purchase all your equipment at one time or if your contract through a franchise. People will spend hundreds in a weekend to destroy their body but don’t wanna pay 40/50 a month for a gym membership.
Part 2 please! Loving this channel! Opening my mind to new ideas!
Thank you so much for sharing your knowledge. I'm very grateful for you. You are helping the people. Great job!🎉
This was so informative, and I always take notes when you speak.
I’d like to see a part 2 of this. 💯
I’d also like to see a video for someone who wants to start a successful side hustle business, while their working a 9-5.
Part 2 would be great, been following you for a long while now and you are spot on for damn sure.
Great insight Codie !
I started an HVAC service business in March of 2022.
I’d love your insight on it.
And Yes, do a part two to this one. Rock on…! Ttyl 👋
I’m in long haul trucking and it’s been my biggest learning experience yet, to put it nicely. It just seems to be largely filled with endless hours of hard work with the illusion of great money that everyone else gets to enjoy. Just seems like I’m working to feed a hungry beast. The most needed to keep the country going but yet the most unappreciated. Looking forward to finding out what else I can get into without giving up my freedom and all my profits.
I'm an OTR trucker also and the margins are no longer there. Looking to do something else and make changes.
If you like long hours you'll make more at McDonald's.
I tried long hauling back in 2000- lots of of talk of big money. No sleep, no life,no money.
I quit and went back to my warehouse job, and was working a second part time. I was making much more money and had a lot more free time. And made some friends. Just a little tip, the lot lizard banging on your truck door, is not a friend!
I had a retail Bead store for 27 years - about 2500 SF, sold over $2 million yr - that's like $800 per sq foot? That's actually higher than Nordstrom. Sold a lot of gemstones I bought in India, high quality jewelry making supplies & precious metals. We also taught jewelry making classes every day. Decided to close in Covid & have been online since and it's never really been the same. It's not the same high touch, impulsive, high service business anymore where all the sparkling things call to them. And I miss my customers & helping them making something gorgeous. I go back & forth about opening back up again. But at 55 I think my retail days are over. Though I do entertain the idea of making an online course on how to open a successful retail Bead Store. (hint - say no to patchouli - think Wholefoods, not Walmart) Love your vids!
I'd love to learn from you!! How to keep in touch with you if I would like to take your online course one day?
@@DarkisArt Thank you! I actually have one - Modern Jewelry Creators.
Omg you are such a boss. I love every minute of it. I have a hairdressing business it is good money but you working hard for it. Would love to see part 2 :)
It's sad seeing new businesses pop up and you know right away they will fail. Location plays a huge role.
I tried vending machines and failed. We tried mostly organic items and people just wanted their Coke and Cheetos. Also,location is the number one factor and the competition always seemed a step ahead on that.
It’s especially sad when you know the people opened their business with everything they had plus borrowed from friends and family…worked in an oppressed position their entire lives and don’t have another plan…while being really good people. Definitely have seen it and it will happen again.
Just think about the target audience for most vending machines.. people that want organic items will go to Whole Foods.
I have a dog grooming salon. My profits depend on how much I work (sole groomer with a few part time bathers). I typically make about 40-60% profit. A typical day I make $350-800 minus overhead, which is fairly low. I want to move to my own property and add boarding and retail space. While I could probably get a loan to do it now, I think waiting a few years may be a better option.
YES! Please! Do a part 2 - dry cleaning and POD Etsy/Shopify.
So many YT channels tell you the good things,
I need to hear the NET factual, which most don’t share.. and whyyyy?
Because misery loves company and want their pool to be bigger is my guess or to sell a class they are charging you for.
Bring on part 2! Totally agree with your Part 1 picks.
Yes part 2, please! Also...would like to hear what the top 5 are!
Thank you!!! I am much wiser about " no o areas" when it comes to starting a business. LOVE!!!!
Part 2 please, I have a home staging business, no overhead though as I rent furniture for my projects. Hard work but I love making homes beautiful!
@Reachout-To-Codie Codie, I have been binge watching your videos and I want to say thank you for sharing your experiences and time!!! I would love to buy a small business in what I have a passion for. Also, the owner financing option gave me another way of thinking as I thought this only applied to real estate!
Definitely do a part 2!
I had a trucking business, similar problems to hotels but unlike real estate your trucks depreciate and fast
Awesome video Codie! Part 2,3 & 4 please! All the best!
I own two eco boutique clothing stores. Margins are tight, but my vendors don’t invoice me for the clothes until they ship, and then I usually have 30-60 days to pay that invoice. I never have to tie up cash for 90 days. I also usually get a 3-5% discount for prebooking a season ahead.
Yes 🙌🏿 I’m looking for a part two 😊 the restaurant and hotel people flipped their wig when you discussed this before 😂
You are one of the most sophisticated and brilliant RUclipsr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for *VRI TOKEN* much love from Chicago
You're the best! We love you! Thanks for all the work ❤
The brains. The snark. The video editing. This is solid gold trifecta. I could have used this video two decades ago when I owned a retail shop.
Thanks a lot for this. I always learn something new each time I watch your videos. I’m glad I have started making a lot of profits as well thanks to Larysa Caba. She’s been of tremendous help to me through out my journey.
I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I trade with her every week and make huge profits from her. her consistency is crazy.
It's amazing that you got to know her. she has been a blessing to me and my family.
how can i reach her?
tele
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused about the current market volatility, I'm a newbie and I'm open to ideas.
I’ve been on both end of the spectrum, I was lnvesting on my own for about 3years, did my own study and analysis before actually buying, things became rather difficult after the pandemic which was right about when I reached out to a portfoIio-advisor for guidance, It’s been over 2 years and I’ve scaled up a stagnant reserve of $280K to $700k in just about 24months.
@@bsetdays6784 Interesting. I've a lump sum doing absolutely nothing at all in my bank account, i wanna gets something started with it. You seem to be doing excellent for yourself, how do you achieve this?
@@africanboi4542 ELEANOR ANNETTE ECKHAUS is my consultant; I met her while watching a CNBC interview and later contacted her. She has since given me entry and exit points for the securities in which I am interested. You can look her up online if you require care supervision. I basically follow her trading pattern and have not been let down.
@@bsetdays6784 Thank you for sharing; I will need all the help I can get because I recently sold some of my assets in order to invest in the stock market.
Loved this video Codie.
Yes I would like to see a part 2. Especially the part about why gyms are. Bad idea/investment.
Surprise, surprise.. I own a gym. It’s a boutique studio, not a low cost all access gym. But would still love to hear your thoughts.
😊
You are soooo right. I lost 13k in amazon FBA. did not gain a dime. and at the end I payed them 1.2k to destroy my inventory because they called it aged inventory after less then one year. STAY AWAY
Codie, you are, as we say in the U.K, a legend! Loving the content. 😊
Love the content! Thank you Codie! Part 2 pleaseeeeee ❤️🙏🏼🔥
Hi Cody, thank you so much for sharing your wealth of knowledge with us!
I am currently the owner operator of an automotive locksmithing company as well as a minority partner in a commercial/industrial paints & coatings company, both based in the Puget Sound. It would be a blessing to receive your advice; I would truly appreciate it.
Yeah, do a Part II. This was difficult to hear. I love restaurants, I eat in them. The same with boutiques, I worry about what happens to culture if we don't have more restaurants and boutiques. But that being said, you go in to business to make money, another good video Codie!
not everyone is in business to make money
I started an automotive consulting business in Colorado last September. We process titles for dealerships, banks, and businesses with fleets such as rental operations. What I love the most is that I get to do what I love to do.
I would love to have Part 2 on this Codie. Great content!!
Great video! I have a question, I have two fraud inquiries on my reports that I would like to get removed. I've seen your video regarding this, but Im still a bit confused. So I know my first step would be making a call with the credit bureau (Experian) but should I also make call what time? And would I be never stop sending a good compny *VRI TOKEN* to my friends and people I know regarding any credit situations
I don't consider renting passive income unless you have professional property management. Most people who rent don't count their time and effort needed just to make a tiny return on their massive investment. For example, you invest $599,000 to buy a second home and rent it out for $3000 a month. Let assume you are cash flow positive on the property and you make $1000 a month or $12,000 a year. What would your annualized return be? 2 percent on the entire amount. Now, you can argue that your return is much higher since you only put down $120,000 on the property. However, you are on the hook for the full $600k regardless of what the future FMV of the house is. Furthermore, people assume that their home will always appreciate in value however, this is a false assumption you can make. In the best case, you will gain some capital appreciation thanks to the central bank increasing the money supply, however, if inflation heats up, you can see your property actually start to lose money in real terms. This is because there is an inverse relationship between housing and nominal interest rates. The central bank will attempt to slow down inflation with higher interest rates and curb lending. We haven't seen inflation in a big way but we can see all the massive stimulus money that the government is pumping turn into inflation while taxes will be hiked to pay for all the COVID spending, your best choice is to look into *VRI TOKEN* Its more profitable.
Thanks, you are wonderful to listen to. Yes do part two.
REAL AUTHENTICITY, thanks you for all you do!
I’ve been with *VRI TOKEN* for more than five years and it’s one of the best decisions I’ve made in terms of investing. I use my self-directed IRA with Preferred Trust Company. I work with my Investment Representative from Ignite Funding who is very professional and knowledgeable as well as the other employees in other departments. I get answers to my questions right away. I have more than 20 loans at the moment and interests are paid in a timely manner. I’m grateful to have them.
Codie, I am so proud of you! You are brilliant and your personality matches your intellect. You are a beauty to boot! Thanks for your inspiring videos!
@Reachout-To-Codie
Codie, I have an idea and I am forming an executive team to implement it. It requires that everyone keep trade secrets until I get commitments from the big players so someone else does not jump on it first. It involves major players like GM and Disney. Interested?
thanks codie..lovelove love learning and growing w you...great channel
Cool ass attitude! Great camera angles and you make that posture look POWERFUL! Thanks for the info!
I own a K9 boarding/training/daycare facility. It’s not easy but it does very well. I’m ready to add some easier businesses to my portfolio 😊
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *VRI TOKEN* info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
I'm looking forward to starting an epoxy coating business. Your take on that would be very valuable to me.
Officially obsessed with your videos. Brb going to go watch all of them ❤❤❤
completely agree. I live in Mexico on a Caribbean island of Isla Mujeres (i.e. tourist driven business) where my husband owns a restaurant in his grandmother's old home. Super authentic, great food. However, i believe having a restaurant is just an antiquated model. "Let's spend a bunch of money to get ready and hope we get a few tables." Makes no sense, BUT via somewhat of a flywheel approach, I have an online marketing business where I market vacation rentals that include concierge services so when we market for the restaurant we are 1) marketing to tourists who are actually on the island and that we have a relationship with because they booked their rental through us, 2) we work with other tour operators to promote their businesses so they return the favor and send their clients to us and 3) we market "Dinnertainment" chef services and hire the restaurant for the work. This part of the business has scaled 6 times over the last few years. Dinnertainment is a unique product and while we are no longer the only game in town for chef services, we are the only Dinnertainment experience. AND we have better systems and processes in place. But..I still agree with you. It is just a lot of complication to make it work. Would love to connect. I already subscribe to your newsletter.
There's a better than zero chance I have eaten at your restaurant! Lol. We love Isla Mujeres.
@@mitchbradshaw2084 ❤️
After the Etherem ecosystem, *VRI TOKEN* is the best ecosystem available on the market and most people don't understand this yet, I believe due to lack of marketing. Thank you so much for bringing us this kind of content!
Thank you for your hard earned knowledge and the passion you have for smart business ventures.
Thanks for the info and stats. Please continue to make great content and more on this topic.
We do FBA and have ramped up to a really good income, but have always been a bit worried of exactly what your saying here with Amazon platform deciding your fate basically
Please do a Part 2! What do you think about independent freelance writing - content management? Love your work, analyses, content - thank you! 🙏,
based on the complexity of these businesses, independent writing would be good! You have to be deliberate on how to scale your work though
Great suggestion! Would like to hear that as well.
Learn so many things and change my perspective. Thanks Codie! Big help for me :)
Part 2 Please. Love you vids... :) Only discovered you a couple of days ago!
I really appreciated this video, as a medium-term *VRI TOKEN* holder. I know you commented on not many people paying attention to this, but it was very relevant for holders such as myself. After watching your thoughts, I willbuy more. I also remember your earlier assessment. This will crush the market.
Yes to part 2. My business is dog grooming. Do not recommend. You can make money, but it's physically demanding and employees are hard to find and difficult to manage. Prices are way too low on average. Many of our top industry leaders are living in poverty.
What software do you use to manage your business?
Thank you for this input and comment. I was thinking of dog grooming as an option too
Bravo!!! Just found you and I am hooked. Fantastic advice, I enjoy your delivery and you got me amped to push ahead with my businesses! Thank you very much for the content you are putting out there. You really are helping people. God Bless.
This was very clear and informative.... Thank You
I loved this video. Definitely learned a ton. We operate a Concierge Style Towing & Roadside Assistance Business. What do you think about the Towing industry?
Part 2 would be great! What do you think about a music publishing business (a library to license music to TV/film/commercials) or starting a record label?
Also, seen lots of ads to teach RUclips automation as a business, good or bad business?
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I have been following your channel for quite some time now and you just provide GOLD content, FULL STOP!!! Your content about FLIPPA and other sites that do the same business models were an eye-opener for me as it opens up a world of possibilities on how accessbale it is to acquire a business and get skin in the game of running a digital "Real Estate" as you said. I would love to know more on other simple stupid business that I can get into with minimal capital as I am an immigrant in Australia with a 9 to 5 as an aged care worker and a student at the same time. Please do a part 2 on these bad businesses to start from if your schedule allows you to and hopefully a content on small, simple and stupid business/es that has a low barrier of entry for people like me in my current situation to start from. I wish you create content for another 10 to 20 years more. I wish you continuous abundance and AWESOMENESS on all your ventures and endevours and I will see you at the top! That I am sure of....the getting there part is something that I'm still figuring out though...🤑💯🖖👊❤💚
Petter Anker Stordalen has done pretty well with hotels in Norway.. I suppose different country, different set of rules.. Love your vids and your vision!
My dad started a restaurant in 1986 in Mexico, it's still standing and I started my own in the USA in 2014. Starting a new location in a couple of weeks. Buuuut it is hard, especially to get funding, if you find some it will be super expensive, buuut I am lucky to have found awesome managers and I do love it since I grew up in the business 😊
Part two please. thank you and the team for the enormous effort to get this information out. it's appreciated in a way I can't express in words.
Did you try doing the cash hack platform yet I did cash hack just a couple of days back and I got paid $20,000 in just a few hours
Can't deny the fact that *VRI TOKEN* is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
Yep. Need a couple more of these episodes please 😊
awesome list n elaboration...YES pls,do a part 2 or 3 n more of these...
Previous owner of a restaurant here... blood, sweat & tears, and couldn't sell it at the end. Huge loss. But, a learning experience for sure! Yes please on part 2!
Currently, my husband owns his own roofing/siding company, I work in the school system and have a side hustle- building an online brand. I'm health coaching and guiding those who are sick with chronic autoimmune illnesses like MS, Hashimotos, RA, SIBO, Lupus, Lyme, etc to get better. Why? Because I was once at the place I couldn't put one foot in front of the other and now I'm rockin' the world! :)
I really love your content! Its inspiring to listen to and I'm learning so much. Keep being awesome!
Can't deny the fact that *VRI TOKEN* has the strongest bet to bring lights back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good but the pressure is too high and I think they will keep proper liquidity rather than these others. Don't see them going bankrupt any time soon.
Thank you Codie. Yes, part 2, please ! 🙏
Have started a print on demand store. With my own designs, Had some graphic experience. Also, branched into a KDP online. And got more into my graphic and web design business as a solopreneur. It is not easy as being consistent is key. Like with trends and if your customers like your designs or not. Having a dry spell these days though. Hope there is a Part 2.
Love the content. I’m in the works to by a dry cleaners and should have it closed within the month. I know the industry got hammered during Covid but it seems to have bounced back nicely. What are your thoughts on the dry cleaning industry?
Please part 2 !!
Yes Codie please do a part 2, or even a part 3. Loved it.
Thanks for the video. So informative. I have always had my reservations on d Amazon business stuff....