NightsWatch
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It's them guys that jump through all the hurdles that will be successful and not everyone has got what it takes to do this but for the 1s have the rewards are epicI think today investors are cautious, especially when it comes to the MJ scene with the economy as it is there holding onto there money.
And investing in real venture capitals
Sure there loan sharks out there lol, or land owners that i guess you can say , not really invest but lease you land.
@ something like 60 / 40 return so in a sense raping you . or rent to own agreements with stupid unrealistic year end payments
When dealing with organized sponsored illegal grows . that is another Risk in its self .
Where as its not if but when you do not meet there Quota's and your floating down a river face down haha.
I seriously wish anyone luck that is trying to make a go out of this and if you find investors and you go on public trading .
Please let me know I"ll make my money in shares instead :)
But my gut feeling tells me there is going to be a ton of hurdles ahead for who try's ,
It will hurdle after hurdle and for many they will used up there life savings and Fail
Only way i can see someone doing it is having like 10 friends having 100k in cash then perhaps
I know big dollar investors they will not touch anything unless its up n running and can show couple years of books and right profits and no gray areas.
i don't get it. are you saying people here are dumb/lazy or people in general are dumb/lazy?How many people know how to put together a business plan?
I'm sorry buddy but in no way can I relate to what she said to being dumb or lazy do u wanna clarify last time I checked not knowing how to do something is neither dumb or lazyi don't get it. are you saying people here are dumb/lazy or people in general are dumb/lazy?
anyways, like what was said previously someone doesn't own/operate/manage/etc their own business; tho that may be what most "medicinal growers" are doing now because of such small scale.
a big thing being overlooked is how these large companies coming in will need a network of people, and recreational in general legitimizes the cannabis industry in general. i think this will lead to a lot of opportunities in the agriculture industry, upgraded/updated current MJ companies having grown from legalization and a lot of ideas or products for MJ can now be big business instead of for a select niche.
I do... anywhere from 16 to 50 pagesHow many people know how to put together a business plan?
My buisness plan are done in my head u don't need a degree to be successful just drive with a little bit of passion and the money will follow it's as simple as making it better than any 1 else can and straight away there's a marketI do... anywhere from 16 to 50 pages
This is true... my uncle is a millionaire and cant spell it... no im not a trust fund kidMy buisness plan are done in my head u don't need a degree to be successful just drive with a little bit of passion and the money will follow it's as simple as making it better than any 1 else can and straight away there's a market
And how will u ever know unless u step out of your comfort zone and get your hands a little dirty no 1 ever said this shit is guna be easy but it's there for the people with drive and ambitionIf it was that easy wonder why the middle class is disappearing at such a rapid rate
Anyone can have a idea its making it work efficiently is a total different ball game
my uncle is a millionaire
the middle class is dissapearing because they pay all the taxes comparable to their incomeAnd how will u ever know unless u step out of your comfort zone and get your hands a little dirty no 1 ever said this shit is guna be easy but it's there for the people with drive and ambition
the middle class is dissapearing because they pay all the taxes comparable to their income
although the rich pay over 90% of federal tax
the middle class pay a disproportionate amount to their income
as well as they are the ones forced into things like obama care which mandates you pay insurance at an incredible rate which pays for the poors insurance
while the rich pay for themselves....outside the market
as well jobs for the middle class have disappeared to 3rd world countries because of lower corporate taxes as well as zero carbon immisions tax and the fact that there is no regulation on minimum wage or labor laws of any kind
that guy or gal whom used to work for Ford making $20.00 an hour plus bennies and health insurance
is now out of a job
while someone in Mexico is being paid $10.00 a day with no bennies or health insurance
wanna bring back the middle class
use you wallett
that is why this country is being segregated between the rich and poor more and more
as the middle class is pushed further down the totum pole so to speak
I also believe another problem is the tax systemAnd this is just the start of the failing process again and why only 4 percent of new business succeed
Problem is were not able to hold back save lets really think about Save money ?? shit i am even to blame taking money out of my corporate account for personal use be it anything from unexpected expenses or just upgrading my home
There is only so much you can Write off so it becomes a company personal loan
and you have one year to pay it back out of your own pocket
My down fall i never did and guess what another 30,000 added to my personal income
POW now i am fucked so i know take more money out of my company pay the taxes off
But realizing i am in the rears and chasing the true bill
the start of the down ward spiral to bankruptcy
Now i hate to say it as it is but that is how it usually will start
And i am sure some can relate what its like chasing bills, you never catch up.
Life is to short to take high risks that will never go away but follow you to your grave or ruin what little credit you may have left ..
I am not here to change your mind or thinking its your life.
Do what you think is best
I just ask please just do not jump off the bridge before you have all your P's and Q's in order
I also believe another problem is the tax system
if you make 80k a year your bring home is about 50
if you make 250k
after taxes your take home is about 80k
so what is the incentive to make more
until you make over 1mil a year....can you really say you are semi livin the dream
I agree with you completelyPeople think owning a company is how to make it rich
The problem with that no matter how much money you make 96 percent of the people will spend that money and only 4 percent will utilize that money and invest
I for one am at fault more money you make the more you spend on toys and shit
owning a company only benefits people that invest in company assets which become taxable benefits and tight offs etc to a point
So lets figure it out @ a corporate level company brings in 120,000
with 35 percent corporate tax and usually they add 4 percent to that so lets round it to 39 percent tax its bit high but you can surely bet your going to be in the 37 percent area
So 44,400 in corporate tax that leaves you 75,000 @ .37 percent Tax
now you pay your self 50,000 @ 25 percent tax bracket you dished out 12,500 in tax to bring home 37,500
You just payed 56,9 thousand in taxes
which leaves company assets after paying you out 25 k
25k in your business account
then you have to also account for state tax and federal tax i think ??? then you also have to pay WCB @ 1.25 per 100 dollars if you made 50,000 do the math
then corporate insurance you know someone chokes or dies from your product liabilities etc ..
then operating costs accountants, lawyers bef before you really know it one could easily say .
For what its worth fuck it
Only benefits of owning a business is believing your in control. after all your the Boss
I'm sorry buddy but in no way can I relate to what she said to being dumb or lazy do u wanna clarify last time I checked not knowing how to do something is neither dumb or lazy
How many people know how to put together a business plan?
the question was so broad that i assumed it was a statement; it just seemed like most anyone somewhat serious about starting a business would at least know how to make a business plan (not necessily have one laid out).i don't get it. are you saying people here are dumb/lazy or people in general are dumb/lazy?
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