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Author Topic: Any business where today you launch, tomorrow you begin making profit...?  (Read 1723 times)
stompix
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August 19, 2023, 04:37:19 AM
 #41

What kind of La La Land are you living in where any business that's started today is guaranteed to make money the next day, it might be true to some level but I don't think that it's a real thing, most businesses that are still starting are working on losses because they've invested money to the business so any money that they get from their customers aren't considered a profit yet but a break even for awhile.

Exactly the opposite, business can be profitable from the next day, it's break-even that can't be achieved in a day!
If I open a cofee hop in which I pour 20 000 euros, of course, I won't be able to make 20 000 next day but if I make 1 euro above what I spent for the day it's profitable from day one!

It’s like you are living in a fantasy mate. No business can ensure quick profits after you have started launching it.

Let's have a bet on this, I give you example after example, and for you give a BTC!
Since it's a fantasy and you say it's impossible I don't think you have a problem with this, right?

Most businesses that start up, usually have a calculation of the amount of money that was invested to start the business and how long it will take them to recoup their capital. Until their initial capital is gotten back, they do not consider any money they make as profit.

Nice, let's re-write basic economic definitions, because...u said so
https://www.entrepreneur.com/encyclopedia/return-on-investment-roi
Quote
ROI deals with the money you invest in the company and the return you realize on that money based on the net profit of the business. Profit, on the other hand, measures the performance of the business.

Now to all, seems like you guys have spent too much time in mining and crypto and have lost a bit of touch with reality and basic economics, no offense!

There is a huge difference between a business being profitable and a different one in recouping the investments made, but no serious business will ever try that, that's not how you plan a successful one. Also, there is this thing about the return of investments, that is not calculated in profits.

Take my coffee shop in the above example which I put 20 000 euros, I make 20 euros profit a day so it will take 1000 days to recover that money but why does it even have to be like that? First most of the machinery I bought including the furniture's still my property, and the assets, so If I sold them it would be a much larger profit and not just break even. Then, why do I have to stop and wait for that ROI, maybe when I put down 8 000 I realize it's quite a good opportunity to have a second coffee shop I borrow 12 000 and now I'm in debt 12 000 but! the business is still profitable. I might never have again 20 000 in cash but I would have a profitable chain with assets that would outscore those 20k by a large margin!

The same applies for my family farm business, if you would look at the debt you're going to say how we survive but just the machinery would easily cover that, we've never had the same cash amount on us or in our account but the profits is there and the assets are bigger than the fiat value at that time, so for most of the views above the business would be bankrupt by now but no, it's quite the opposite.
 

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jossiel
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August 19, 2023, 04:53:18 AM
 #42

I have seen videos of Gary Vee if you know him and I think that's what you need to do, it's just a hustle though but if you're serious then possible to make it a full time thing.

He goes from car garages sale and then picks up items that he thinks has a great value, bargains it for a few bucks and then checks out on the amazon on how much they really are.

It is a just a typical buy and sell thing, you make profit from the margin of those stuff you get for a very cheap price on garage sale and put it up on sale on websites like amazon, ebay, etc.

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August 19, 2023, 05:00:55 AM
 #43

Controlling costs, calculating profits, and having patience are vital to achieving success in any business. You've outlined a realistic approach and focus on building profits over time, not just looking for immediate returns.

Starting a business or venture can be challenging, but with good planning, patience and adaptability, positive results can certainly be achieved. At the same time, regular review and evaluation is a way to ensure that you are moving in the right direction and can adjust your strategy as needed.

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August 19, 2023, 05:14:34 AM
 #44

Starting a business and managing it is a difficult and transformative journey. Many people often see the positive and successful side of businesses without being aware of the difficulties and challenges that founders have to go through from the start.

Building a business from scratch requires patience, investment, and risk taking. There will be times when you will have difficulty, fail, and even lose motivation. But the important thing is to never give up and learn from mistakes.

However, starting a business from available resources does not guarantee success. Managing a business requires creativity, problem solving, and smart financial management. Sometimes, even if you have ready customers and initial capital, the market can change and present unexpected challenges.

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August 19, 2023, 05:24:58 AM
 #45

...sell lemonades and that's for sure gonna give you profit by the time you've started...
Very basic business idea, I think it is very good idea too, I'm always wondering why there isn't a company in S&P500 that is based on selling lemonades.
At some point most of the CEOs and owners that have been into big thing these days, started from somewhere. I'm not sure about the company that's named Lemonade. It's likely that the inspiration came from there but yeah, not selling lemonades.

You wanna go home big quickly?

Try go and do big things in business already and start what you think suits you and you think that will make you big tomorrow.

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August 19, 2023, 05:32:07 AM
 #46

The business that immediately comes to mind is buy and sell. As a matter of fact, you don't even have to wait for tomorrow to make some profit. You can do the buying in the morning and do the selling in the afternoon. That's probably the fastest profit for you. There are many such kind of businessmen here in my locality. They are the middlemen.

Although they're the kind of businessmen that I really hate, I know that they're making good money for much lesser effort. They're just earning from their money. You can do this with fruits, vegetables, and other agricultural products. You can do this will all kinds of raw materials as well.

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August 19, 2023, 11:36:17 AM
 #47

Literally just no. If you want to start a legal and registered business, you aren't going to see profit for at least a year or two. You will be able to make yourself a salary and probably some extra sometimes but the company definitely isn't going to be profitable and it isn't as long as you don't get more than you invested. Products and services can be profitable per job done but that isn't real profit until you get back what you've invested.
And keep in mind that you are in a minus the moment you start a business (you will have expenses when opening and registering, and you need capital to start) and you need an idea of what you want to do - and that isn't something I would ask some random forum users to suggest.

By reading your fantasy post and incoherent answers, I'm presuming that you are young and I would suggest firstly getting a job or something - then you could maybe get a better feel and view of money.
If you want quick returns then you can only try high risk investments - like trading, but even that wont make you a profit overnight.

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August 19, 2023, 11:48:14 AM
 #48

Any business where today you launch, tomorrow you begin making profit...?


Well, @OP, let's look at it in the scenario I am about to give.


You start a food business (like an eatry or restaurant), and perhaps, let's say, your cost for all the food items that were bought is about $5k. Let's say you started on the 1st of September 2023, and on the 30th day of that month, you have sold out of all the food items you bought ($5,000) in that month. After balancing your account for that month, you realize that your total capital has now reached $7,500, plus your profite. In that case, I can categorically say that I started earning profit from the first day I started the business, isn't it?


Ok, let's look at it another way. On the first day you started the business, you prepared a total food cost of $500, and after you closed the sales for that day, you realised a total amount of $650 plus your profit. That is to say, on the first day of sales, you have already started making profits.


So, yeah, there are businesses you can start today, and you instantly start to make profits as long as you are selling. Profit is generated from the sale of your products or items, and you as an entrepreneur will have to keep a sale day book to record your sales so you can give an account for the profit made that day or do it monthly.


As an entrepreneur, I know that the first day you launch your business, you might not really be making a lot of sales, probably because your business has not yet gained too much publicity. But as the days pass and you gain more customers, your profit will increase, depending on how swiftly you are making sales. Although there are still some businesses you can start that might not be making a profit in their early stages, if you have a better strategy, you will still make profit as people get to know you.

Literally just no. If you want to start a legal and registered business, you aren't going to see profit for at least a year or two.

Then the business owner will shoot down the business because they will go bankrupt trying to finance a business that has not made a profit for a whole lot of 2 years, that's 730 days. Oh wow   Roll Eyes

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August 19, 2023, 12:21:38 PM
 #49

Controlling costs, calculating profits, and having patience are vital to achieving success in any business. You've outlined a realistic approach and focus on building profits over time, not just looking for immediate returns.

Starting a business or venture can be challenging, but with good planning, patience and adaptability, positive results can certainly be achieved. At the same time, regular review and evaluation is a way to ensure that you are moving in the right direction and can adjust your strategy as needed.

Various factors should be set in place first and as a businessman, we should know these factors beforehand so that we know what are the risks that lies ahead on us. It will be a challenging road because that's how business operates and even if we calculated the risks and profits carefully, there's no guarantees that it will really go through just like what we imagined it.

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August 19, 2023, 03:11:34 PM
 #50

...it took bitcoin decades and metaphorical scale...
I remember reading bitcoin is stock on steroid where it took day, unlike stock which can take up to weeks of trading to soar to a very high value, which can be witnessed in every bullrun cycle. Obviously bitcoin has to command very high value or it would loss relevant very quickly at any given time.

Quote
...with low capital will not gurantee someone any money...
But we would quickly generate profit too when one of the ideas work like a charm. Do you not see many SaaS do not required high capital, for example tinder, tiktok, uber, even amazon get it's start in a garage with small capital too.

...utopia...can be rewritten with the prefix "not"... no money, no success, no fame...
I don't think so, there should always be miracle in economy, however it would take more than just hardwork to spot one of the miracle.

Quote
...profit lies in the quantity or production due to its cheapness, but not in quality...
Economic of scale might be a very profitable type of business, but honestly it is also what we often called it a "sweatshop" industry, but those are the heavy weight business, which we are not gonna make it too, a giant business to the like of samsung or sony or apple, which required very high capital.

...take years to get settled for proper bench mark...reach your break even point...
If a business would take years, how is it not you are better off to just go for typical nine to five office job? I highly doubt business is as scary as you sound rolf.

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...notebook and a pen... write down roadmap, the timeline... much more
Well, I think those are classic knowledges learned from a business school.

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...come up with some sort of MLM scheme and nothing else... never reach that "next day"
MLM is kind disruptive scheme too, but it is getting very saturated at the moment, when many small business begin to adopt such ideas into their products and services, I had no idea it is still relevant today. Insurance is a very classic business based on MLM concept.

Self hating nerd that want to escape from reality into the cyberpunk.
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August 19, 2023, 03:27:56 PM
 #51

You can have a business like that if you own a physical shop in a crowded area of the city. Otherwise It is pretty hard to have a business that’s going to print money immediately. You can rent a shop near the beach and sell sun creams for example. I am pretty sure that is going to work well. If you want to work online, that’s another story though. Maybe you can follow the same idea on the internet too… You can buy an instagram account with lots of followers and promote your products there… If your followers are interested in these products, some of them will want to buy it.
........And knowing that even building business in crowded areas of whatever cities you reside in would mean plenty of competitors and that's another threat to your business.  Even though there's plenty of potential of customers or profit there and profit "tomorrow" might happen. The cost of living would surely suck at that part. Kinda fast pacing business to do if you would initiate that way.

Not sure how crowded it is in NY, but from how media portrays that city, it could be one of the examples though.

Renting a shop near the beach might be considerable option, but people usually go there during summer and having a sale just due to seasons might not work really well.
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August 19, 2023, 03:39:51 PM
 #52

The only business I know you could start today and begin to earn instantly thesame day is when you're skillful with your hands and can offer something important to serve others people's need and get paid for instantly, this is a direct means of earnings without having to pay for tax or rent before you get started, just have something to deliver in solving people's daily problems through your acquired skills, trades or other vital potentials you've got.

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August 19, 2023, 04:18:45 PM
 #53

What kind of La La Land are you living in where any business that's started today is guaranteed to make money the next day, it might be true to some level but I don't think that it's a real thing, most businesses that are still starting are working on losses because they've invested money to the business so any money that they get from their customers aren't considered a profit yet but a break even for awhile. The only business that is likely to have that are those Ponzi scheme businesses that prey on unknowing people and will only benefit the head of that scheme.

That actually made me laugh cause I think anywhere in the country it would be impossible, cause only thing that comes to my mind where you want this kind of quick money is trading which is high risk of course. Franchising or building your own business would be needing some capital as investment so it would be consider as loss of money because you risk it at business. Even if you made some money from it, its not considered as profit. Maybe if you get ROI in a few months or years then your business is running for a long time, then those money are already profit. If you also think of the equipment, staffs , place and etc. If you deduct it to your profits maybe it might not be huge depends on the business your running.

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robelneo
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August 19, 2023, 04:35:15 PM
 #54



So the business should be: today I officially launch it, the next day, profit start rolling in, and it would last eternally, the income stream keep coming for the next 999 years, and it would be suffice to self sustain, self reliance include financing every operational cost by itself, and only happy ending. Not a single bad ending.

The only business I can think of is the food business, you set it up in a good strategic place and the food should be good profit will start rolling in immediately and it would last eternally because people need to eat and they love to eat food in a place where food is great and with good ambiance, it's self-sustaining, self-reliance because you rely on how good your food taste, and how you serve your customer, it will always have a good ending just look at Mcdonald and other top food business.
There's already one member who recommended it and we believe that this is the business that has all your criteria.  
Everywhere you go there is always a restaurant, food stalls, and fast food it's a business that is easy to sell because are always on the look for something to eat almost every hour.

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PeRo
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August 19, 2023, 04:39:54 PM
 #55

Literally just no. If you want to start a legal and registered business, you aren't going to see profit for at least a year or two.

Then the business owner will shoot down the business because they will go bankrupt trying to finance a business that has not made a profit for a whole lot of 2 years, that's 730 days. Oh wow   Roll Eyes
Read what I've considered as a profitable business first. You don't go bankrupt or close up, you either work with a small loss or are around zero in the first year at least. Keep in mind you have money invested, loans/debt - you surely aren't going to pay that out that fast considering we are talking about a real registered business, not some freelance type of organization. You have to pour in money right when you start and you also have regular taxes to pay.

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qwertyup23
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August 19, 2023, 04:56:41 PM
 #56

Any business where today you launch, tomorrow you begin making profit...?

So the business should be: today I officially launch it, the next day, profit start rolling in, and it would last eternally, the income stream keep coming for the next 999 years, and it would be suffice to self sustain, self reliance include financing every operational cost by itself, and only happy ending. Not a single bad ending.

If there exists a business where it is profitable the moment that you open it, then anybody would be doing such business.

Remember that business itself is a risky venture where you have to be knowledgeable on the market vs the needs of your customers. If this were that easy, then everyone would open up their respective businesses and be profitable.

What you are suggesting is the dream scenario but I doubt that such exists currently. You also have to remember that there are businesses in which they reach ROI around 1-4 years in operation depending on its nature.

R


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August 19, 2023, 05:49:50 PM
 #57

One has to wait for a long time to get profit from the business and operate for a long time without any profit and have to spend money from one's own pocket to improve the business. there is no business that can make you profit overnight. A person who starts a business with this idea can never become a successful businessman.  It is guaranteed that he will lose the business. Patience is a must needed if you want to do well in business

usekevin
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August 19, 2023, 06:40:32 PM
 #58

You like to get profits in short period of time,which is not the easy task.Most of the people will spend huge time to buy the particular coin,because they investing their valuable money.Only the good project will give you returns,the scam or fake project will take your money gradually and finally your holding will become a zero value.Many people hold their money in the valuable coin,they need to wait for the profit from such coin.Patience is the key needed for the good profit from your holding money.
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August 19, 2023, 07:13:36 PM
 #59

Any business where today you launch, tomorrow you begin making profit...?
If there was a business like this, we would all be millionaires but hey nothing is impossible. Even in business school they are yet to find out. The critical part is doing doing that people need. The hospitality business is what comes to mind but you will not make profit the next day, say maybe six monthish. That I can guarantee of course if other factors have been duly considered like, location, start-up capital, marketing plan etc.

Quote
So the business should be: today I officially launch it, the next day, profit start rolling in, and it would last eternally, the income stream keep coming for the next 999 years, and it would be suffice to self sustain, self reliance include financing every operational cost by itself, and only happy ending. Not a single bad ending.
profit cannot roll in for eternity...innovation would occur and if you don't adapt the business then, you will fail. And if you always have profits in business you will never learn anything.

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Cling18
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August 19, 2023, 07:24:16 PM
 #60

You like to get profits in short period of time,which is not the easy task.Most of the people will spend huge time to buy the particular coin,because they investing their valuable money.Only the good project will give you returns,the scam or fake project will take your money gradually and finally your holding will become a zero value.Many people hold their money in the valuable coin,they need to wait for the profit from such coin.Patience is the key needed for the good profit from your holding money.

Putting a business and making profit from it will take time. You need to undergo a trial and error first to apply specific strategies to make your business grow. There's no shortcut to successful business as you still need to consider lots of things to ensure that your business will work in an specific location, target consumers and people's demand.
If you want to have an assurance of making profit from your business, you need to polish everything first but that doesn't mean that you will not experience hardships and challenges. There's no instant success in building a business as competitions are everywhere but if you put hardwork and dedication, things will surely work.
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