B
Black Swan
Reasons to be cheerful, parts 1,2 and 3;
Reason one; how many businesses (and that's what it is) can you start from such a low capital base? I've lost count of the individuals I've known/met that have (bright eyed and bushy tailed) set up businesses that have taken 4-5 years of trading to just break even but mostly failed. And who wins, a few employees (temporarily) and the tax and vat man, your principal job during the failure has been unpaid tax collector for the revenue...mug...
Look at the past 7 years of ridiculous unsustainable hubris and we can all pin point businesses that are on respirator or will die. Can *we* ride out the next ten years and more importantly profit from it, coming out the other side winning? Too fookin right...
90% of new businesses fail, don't buy into the meeja 5hite re. self employment, it's incredibly hard to make a niche work, equally hard raising the risk capital; unless you're Nat Rothschild who has just raised 750ml to *buy up* mining assets...and that's another thing, wanna borrow 50K to set up another 5hitty cafe on your high st? Banks'll lend it to you if you hock the homestead. Want 500K line of credit to play markets? You may be surprised at how seriously the great and good of the city will give your plan an audience and the introductions 'they' may help you with, particularly if you reckon/can prove only 10% if it will be risked. Tell me another legal business were the upside is limitless? Assuming capitalism doesn't eat itself...
Reason two; you can really be in this game for less than 5K with no overheads, no obligations, no pressure, other than the self inflicted pressure to perform. Stop moaning re. the price of the spreads, the clunky platforms, the spikes, the whipsaws...FFS spreads on cable were 20 pips 10 years ago, and you didn't have broadband and free state of the art platforms and charting packages, and suites of forums to increase your knowledge exponentially. It is unfookin believable what we get for free and the oportunity this represents. And with that 5K you can make consistently a grand/two grand a month after a year or two of *learning*. That's not fireworks, but again I've known multi million T/O businesses never make a dime before having the plug pulled and as they go the collateral damage can be significant..
Reason three; the freedom, the creativity, the intelligence spike, the being there at the event horizon of business on a daily basis, the lack of risk (if managed), the contest, the intellectual curiousity...
Reason one; how many businesses (and that's what it is) can you start from such a low capital base? I've lost count of the individuals I've known/met that have (bright eyed and bushy tailed) set up businesses that have taken 4-5 years of trading to just break even but mostly failed. And who wins, a few employees (temporarily) and the tax and vat man, your principal job during the failure has been unpaid tax collector for the revenue...mug...
Look at the past 7 years of ridiculous unsustainable hubris and we can all pin point businesses that are on respirator or will die. Can *we* ride out the next ten years and more importantly profit from it, coming out the other side winning? Too fookin right...
90% of new businesses fail, don't buy into the meeja 5hite re. self employment, it's incredibly hard to make a niche work, equally hard raising the risk capital; unless you're Nat Rothschild who has just raised 750ml to *buy up* mining assets...and that's another thing, wanna borrow 50K to set up another 5hitty cafe on your high st? Banks'll lend it to you if you hock the homestead. Want 500K line of credit to play markets? You may be surprised at how seriously the great and good of the city will give your plan an audience and the introductions 'they' may help you with, particularly if you reckon/can prove only 10% if it will be risked. Tell me another legal business were the upside is limitless? Assuming capitalism doesn't eat itself...
Reason two; you can really be in this game for less than 5K with no overheads, no obligations, no pressure, other than the self inflicted pressure to perform. Stop moaning re. the price of the spreads, the clunky platforms, the spikes, the whipsaws...FFS spreads on cable were 20 pips 10 years ago, and you didn't have broadband and free state of the art platforms and charting packages, and suites of forums to increase your knowledge exponentially. It is unfookin believable what we get for free and the oportunity this represents. And with that 5K you can make consistently a grand/two grand a month after a year or two of *learning*. That's not fireworks, but again I've known multi million T/O businesses never make a dime before having the plug pulled and as they go the collateral damage can be significant..
Reason three; the freedom, the creativity, the intelligence spike, the being there at the event horizon of business on a daily basis, the lack of risk (if managed), the contest, the intellectual curiousity...
