Deleted
Joined: Oct 7, 2024 16:23:56 GMT -5
Posts: 0
|
Post by Deleted on Apr 10, 2013 13:01:55 GMT -5
Don't be silly.. women have those kind of parties in the privacy of their own home... they're not going to "walk into a place like that"... That is because they are always afraid to be judge. To this day my wife will not buy condoms. We all know that you insist on buying them so you can wink at the cashier when she rings up your magnums.
|
|
Sum Dum Gai
Senior Associate
Joined: Aug 15, 2011 15:39:24 GMT -5
Posts: 19,892
|
Post by Sum Dum Gai on Apr 10, 2013 13:02:02 GMT -5
LOL!
I think you found your advertising tag line.
|
|
midjd
Administrator
Your Money Admin
Joined: Dec 18, 2010 14:09:23 GMT -5
Posts: 17,720
|
Post by midjd on Apr 10, 2013 13:02:13 GMT -5
Just curious, if your IRA money is going to finance the business, how are you paying living expenses in the meantime?
|
|
thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,763
|
Post by thyme4change on Apr 10, 2013 13:03:42 GMT -5
Just curious, if your IRA money is going to finance the business, how are you paying living expenses in the meantime? Ah - come on. Are we really going to make this about money?
|
|
jeffreymo
Familiar Member
Joined: Jan 21, 2011 12:32:17 GMT -5
Posts: 969
|
Post by jeffreymo on Apr 10, 2013 13:06:53 GMT -5
Just curious, if your IRA money is going to finance the business, how are you paying living expenses in the meantime? Good question, because it could take up to a year before there is any money available for personal expenses.
|
|
Cookies Galore
Senior Associate
I don't need no instructions to know how to rock
Joined: Dec 19, 2010 18:08:13 GMT -5
Posts: 10,891
|
Post by Cookies Galore on Apr 10, 2013 13:07:28 GMT -5
Just curious, if your IRA money is going to finance the business, how are you paying living expenses in the meantime? Snowflake money!
|
|
Bob Ross
Junior Associate
Joined: Dec 21, 2010 14:48:03 GMT -5
Posts: 5,883
|
Post by Bob Ross on Apr 10, 2013 13:08:15 GMT -5
Just curious, if your IRA money is going to finance the business, how are you paying living expenses in the meantime? That's where the $2 tug jobs come into play.
|
|
Sum Dum Gai
Senior Associate
Joined: Aug 15, 2011 15:39:24 GMT -5
Posts: 19,892
|
Post by Sum Dum Gai on Apr 10, 2013 13:08:25 GMT -5
Yes and no. Before I wanted to open a game store. A toy store that also sells some games is slightly different. It's a larger market for one. Toys are purchased online less frequently. It's still one of those things most people buy in person, because you want your kid to see and touch it, and make sure it's something they want. A pack of Magic cards is a pack of Magic cards whether you get them in person or from Amazon.
I probably won't replace my salary with a toy store anytime soon though. Before the bar was something that had a good shot at making me six figures within two years. Now it's something that doesn't make me miserable and keeps a roof over our heads and food on the table. If I can make $50k we'll be fine.
This town is a little too small (56k) to get there with just a game store, I think. A well run toy store could do it though. The only local competition right now is Target and Kmart. Most people don't shop at the Kmart though because honestly the place is a little sad.
|
|
Bob Ross
Junior Associate
Joined: Dec 21, 2010 14:48:03 GMT -5
Posts: 5,883
|
Post by Bob Ross on Apr 10, 2013 13:10:06 GMT -5
why the retirement money? WHY the retirement money ? Because when you own your own business, EVERY day is a retirement. Have you learned nothing on here?
|
|
Cookies Galore
Senior Associate
I don't need no instructions to know how to rock
Joined: Dec 19, 2010 18:08:13 GMT -5
Posts: 10,891
|
Post by Cookies Galore on Apr 10, 2013 13:10:08 GMT -5
There was a cool store in Seattle called Toys in Babeland... Good luck! Retail huh... That is a great shop! I've been to the one in nyc.
|
|
Sum Dum Gai
Senior Associate
Joined: Aug 15, 2011 15:39:24 GMT -5
Posts: 19,892
|
Post by Sum Dum Gai on Apr 10, 2013 13:10:31 GMT -5
Non-retirement savings.
|
|
CarolinaKat
Junior Associate
Joined: Dec 21, 2010 16:10:37 GMT -5
Posts: 6,364
|
Post by CarolinaKat on Apr 10, 2013 13:13:50 GMT -5
Don't be silly.. women have those kind of parties in the privacy of their own home... they're not going to "walk into a place like that"... That is because they are always afraid to be judge. To this day my wife will not buy condoms. But if you know how to hit the right spot, a welcoming place where they will not feel judge and can easily frequent for an expert opinion (nothing shady, crazy) they will come and keep on coming. FWIW: DO NOT take a call about picking up some groceries for your female friend while you're standing in an adult toy store looking at purple dildos. And If you do, don't just stand there and have a normal conversation about what to get without moving away from the sex toys. I think the looks you get when this occurs might be the reason girls don't go into sex shops.
|
|
Chocolate Lover
Distinguished Associate
Joined: Dec 17, 2010 15:54:19 GMT -5
Posts: 23,200
|
Post by Chocolate Lover on Apr 10, 2013 13:16:52 GMT -5
If you're going to target the female population with the adult store, make sure the parking is in the back and not visible from the road. Last thing most soccer moms want is to have someone see their car parked in front of the adult book store.
|
|
Deleted
Joined: Oct 7, 2024 16:23:56 GMT -5
Posts: 0
|
Post by Deleted on Apr 10, 2013 13:22:13 GMT -5
r u looking 4 partners or investors?
|
|
973beachbum
Senior Associate
Politics Admin
Joined: Dec 17, 2010 16:12:13 GMT -5
Posts: 10,501
|
Post by 973beachbum on Apr 10, 2013 13:26:05 GMT -5
Independent toy store. ETA - Or adult bookstore. I haven't decided yet. Thyme was right. It is porno!
|
|
Sum Dum Gai
Senior Associate
Joined: Aug 15, 2011 15:39:24 GMT -5
Posts: 19,892
|
Post by Sum Dum Gai on Apr 10, 2013 13:30:43 GMT -5
Possible. Maybe even likely.
The flip side of the argument would be that middle class kids who grew up with two working parents that always did the same thing, never rocked the boat, and would rather become high functioning alcoholics to deal with a job they hate for a couple decades than look for something else are too terrified to ever strike out on their own or approach life differently. They create a generation of offspring that don't like their life, feel pushed into their decisions, and are too chickenshit to change anything.
Let's look at the worst case scenario. We'll say the business takes every penny I can scrape together to get started and never has a single customer. I lose every last cent. Do my wife and kids starve and die? Do I? Will I be locked in debtor's prison? Will the word failure be permanently branded on my forehead? No. It's just money. I'll go back to some IT job, make more than most of the US working population, we might have a bankruptcy on our credit, and we move on. It's not that big of a deal.
I've been broke before. You can recover from broke.
|
|
jeffreymo
Familiar Member
Joined: Jan 21, 2011 12:32:17 GMT -5
Posts: 969
|
Post by jeffreymo on Apr 10, 2013 13:32:24 GMT -5
Every business venture has the potential of bankrupting the founder. Even though you might register the business with the state as an LLC, S corp etc... the vendors you use and your landlord will have you sign a personal guarantees which means they will come after your assets if the business fails. Sometimes when a business fails an owner has to file a personal bankruptcy as most of their assets were used to fund the startup operations. I've never filed bankruptcy, but I thought I've read here and other areas that retirement accounts are protected under bankruptcy laws. This is something you should look into before you decide to fund it with your IRA.
|
|
souldoubt
Senior Member
Joined: Jan 4, 2011 11:57:14 GMT -5
Posts: 2,756
|
Post by souldoubt on Apr 10, 2013 13:37:09 GMT -5
Of course you can recover from broke but the older you are and/or the more you have (house, kids, etc) the harder it is to bounce back. I'm not saying that to criticize your choice because quite frankly it's a decision you and the Mrs. have to make, I wish you the best and really don't care because it's not my life. That said being broke when you're in your early 20's, still working your way up, have a negative net worth and less to lose is a lot different then when you have retirement accounts you use to fund a business, a mortgage, kids, etc.
|
|
Pants
Junior Associate
Joined: Dec 27, 2010 19:26:44 GMT -5
Posts: 7,579
|
Post by Pants on Apr 10, 2013 13:40:40 GMT -5
|
|
Deleted
Joined: Oct 7, 2024 16:23:56 GMT -5
Posts: 0
|
Post by Deleted on Apr 10, 2013 13:43:48 GMT -5
As my MIL love to say : Qui ne risque rien n'a rien.
|
|
Deleted
Joined: Oct 7, 2024 16:23:56 GMT -5
Posts: 0
|
Post by Deleted on Apr 10, 2013 13:51:07 GMT -5
There is so much fucking in that post I thought it was a porno. one ass and two fucks does not a porno make.
|
|
Sum Dum Gai
Senior Associate
Joined: Aug 15, 2011 15:39:24 GMT -5
Posts: 19,892
|
Post by Sum Dum Gai on Apr 10, 2013 13:57:06 GMT -5
And now I have DP quotes from Orgazmo running through my head. Thanks.
|
|
Deleted
Joined: Oct 7, 2024 16:23:56 GMT -5
Posts: 0
|
Post by Deleted on Apr 10, 2013 14:05:07 GMT -5
How about opening a dry cleaning business? I hear that can do so well that you can afford a deluxe apartment in the sky.
|
|
Sum Dum Gai
Senior Associate
Joined: Aug 15, 2011 15:39:24 GMT -5
Posts: 19,892
|
Post by Sum Dum Gai on Apr 10, 2013 14:08:11 GMT -5
I'm not Asian.
|
|
Deleted
Joined: Oct 7, 2024 16:23:56 GMT -5
Posts: 0
|
Post by Deleted on Apr 10, 2013 14:11:38 GMT -5
|
|
Deleted
Joined: Oct 7, 2024 16:23:56 GMT -5
Posts: 0
|
Post by Deleted on Apr 10, 2013 14:12:04 GMT -5
How about opening a dry cleaning business? I hear that can do so well that you can afford a deluxe apartment in the sky. Now I have this stupid song stuck in my head Movin' on Up [Theme from The Jeffersons] by Well we're movin on up, To the east side. To a deluxe apartment in the sky. Movin on up, To the east side. We finally got a piece of the pie. Fish don't fry in the kitchen; Beans don't burn on the grill. Took a whole lotta tryin', Just to get up that hill. Now we're up in the big leagues, Gettin' our turn at bat. As long as we live, it's you and me baby, There ain't nothin wrong with that. Well we're movin on up, To the east side. To a deluxe apartment in the sky. Movin on up, To the east side. We finally got a piece of the pie.
|
|
Deleted
Joined: Oct 7, 2024 16:23:56 GMT -5
Posts: 0
|
Post by Deleted on Apr 10, 2013 14:12:55 GMT -5
And Dark- shouldn't that comment be in Loony's thread? Also since our not working how about the next financial class for Loony already?
|
|
Deleted
Joined: Oct 7, 2024 16:23:56 GMT -5
Posts: 0
|
Post by Deleted on Apr 10, 2013 14:14:07 GMT -5
How about opening a dry cleaning business? I hear that can do so well that you can afford a deluxe apartment in the sky. Now I have this stupid song stuck in my head Movin' on Up [Theme from The Jeffersons] by Well we're movin on up, To the east side. To a deluxe apartment in the sky. Movin on up, To the east side. We finally got a piece of the pie. Fish don't fry in the kitchen; Beans don't burn on the grill. Took a whole lotta tryin', Just to get up that hill. Now we're up in the big leagues, Gettin' our turn at bat. As long as we live, it's you and me baby, There ain't nothin wrong with that. Well we're movin on up, To the east side. To a deluxe apartment in the sky. Movin on up, To the east side. We finally got a piece of the pie. Stupid song?? you take that back mister, or ELSE!!
|
|
Sum Dum Gai
Senior Associate
Joined: Aug 15, 2011 15:39:24 GMT -5
Posts: 19,892
|
Post by Sum Dum Gai on Apr 10, 2013 14:14:22 GMT -5
Who's George?
|
|
Opti
Community Leader
Joined: Dec 18, 2010 10:45:38 GMT -5
Posts: 42,242
Location: New Jersey
Mini-Profile Name Color: c28523
Mini-Profile Text Color: 990033
|
Post by Opti on Apr 10, 2013 14:15:37 GMT -5
Orgazmo was a great movie! Things may be different there but out here I know both Toys R US and KB Toys had most of their competition from grocery stores and Walmart. I don't remember whether KB Toys folded or not, but a high risk choice IMHO. Education stuff and children's game stores appear to do a little better. I wish you luck. So reading your posts above, if you don't make it to the 6 year mark, your exit strategy is to lose it all?
|
|