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  • Originally posted by Ming View Post
    And where did that $1.5 million dollar come from?
    Maybe a top end restaurant in a big city. But according to most of the Restaurant trade sites, the average is closer to $500K
    And many low end restaurants go for far less.
    If you want to own the property, it will be that in most cities. If you want to own a diner in some Nevada town five miles always from a nuclear test site... Sure. How much money could one possibly make in a cheap restaurant? Again many bankruptcies occur in those.

    I have seen too many people get judgments on them because they fall in the two thirds who fail. Their lives ruined.

    Oh and two thirds isn't some made up number.
    For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

    Comment


    • Originally posted by Giancarlo View Post
      Your own reply was made up... So... Inconsistent..
      You made the claim... your three rules... 90%
      All made up... you have no facts to back it up.
      And then you pull a BK... You can't back up your claim so you demand people to find the facts for you.
      Nice try... but all made up bs.

      How many businesses fail in the first year? Two thirds? How many restaurants? Even more. Bad odds. Then those creditors will pick away at you like vultures. You won't be able to even apply for a credit card.
      Your point? If you don't take the risk, you can't succeed. (and check your stats on failure, many business associations disagree with your numbers)
      So I guess your version of the world is that everybody is guaranteed success? No matter how stupid they are, no matter how many bad business decisions they make, they should automatically succeed?

      Never said that. There are plenty of others that will destroy your little business.
      So again... since there is a risk of failure people shouldn't even try?
      But you are the one that keeps mentioning How Walmart and Amazon are destroying everybody.

      Never said that. And face the reality... Many aren't succeeding.
      And many are succeeding.

      And most of those have capital to drive small businesses out of business. Small businesses suffer disturbingly high failure rates.
      All businesses suffer high failure rates... your point?
      If you have a solid business plan, and don't make stupid mistakes, your chances for success increase.

      Back to the topic... Russian roulette has better odds.
      So your whole argument is that since there is a chance for failure, you shouldn't even try.
      NICE!
      Keep on Civin'
      RIP rah, Tony Bogey & Baron O

      Comment


      • Originally posted by Giancarlo View Post
        If you want to own the property, it will be that in most cities.
        Ahhh... now you want to attach "own the property"... not needed to open a restaurant. Just another disclaimer to try to justify the $1.5 million figure you tossed out there.
        Most restaurant trade associations disagree with you "tossed out number". New York, LA, SF, Chicago... aren't "MOST CITIES"

        If you want to own a diner in some Nevada town five miles always from a nuclear test site... Sure. How much money could one possibly make in a cheap restaurant? Again many bankruptcies occur in those.
        Big difference between NY and a nuclear test site... A lot of ground in between. You should probably do a little more research before tossing numbers around.

        I have seen too many people get judgments on them because they fall in the two thirds who fail. Their lives ruined.
        What, so the government should protect people from failing? No risk, no reward. And many of the failures are because of bad business plans and mistakes.

        Oh and two thirds isn't some made up number.
        Never said it was...
        But succeeding isn't without risks. Are you saying that nobody should ever start a business since there is a chance it's going to fail?

        Hell... many marriages end in divorce, are you saying people shouldn't get married?
        Many people get fired from their jobs, should they have even bothered getting one in the first place?

        Risk and reward...
        Keep on Civin'
        RIP rah, Tony Bogey & Baron O

        Comment


        • Originally posted by Ming View Post
          You made the claim... your three rules... 90%
          All made up... you have no facts to back it up.
          And then you pull a BK... You can't back up your claim so you demand people to find the facts for you.
          Nice try... but all made up bs.
          ABSOLUTELY TOTALLY FALSE.

          You're the one that pulled a BK And not any moment have you debunked any claim. Nor have you backed any of your own.

          Your point? If you don't take the risk, you can't succeed. (and check your stats on failure, many business associations disagree with your numbers)
          2/3rds is well established among small businesses and it's even worse among restaurants.

          Many business associations... such as... no proof.

          So I guess your version of the world is that everybody is guaranteed success? No matter how stupid they are, no matter how many bad business decisions they make, they should automatically succeed?
          My version of the world is nationalization of certain industries.

          But you are the one that keeps mentioning How Walmart and Amazon are destroying everybody.
          Two examples.

          And many are succeeding.
          Some. Not many. And those few have support from rich families and wealth they already inherited.
          For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

          Comment


          • Originally posted by Ming View Post
            Ahhh... now you want to attach "own the property"... not needed to open a restaurant. Just another disclaimer to try to justify the $1.5 million figure you tossed out there.
            Most restaurant trade associations disagree with you "tossed out number". New York, LA, SF, Chicago... aren't "MOST CITIES"
            Leasing would probably be even more and many businesses fail because of disagreements with leases and inability to pay rent. And $1.5 million is a common number to start a restaurant.

            I'm not talking about a ****ing donut shop, where you are the only employee along with that college freshman you hired.

            Big difference between NY and a nuclear test site... A lot of ground in between. You should probably do a little more research before tossing numbers around.
            You haven't backed yourself up a single time. Just like BK!

            What, so the government should protect people from failing? No risk, no reward. And many of the failures are because of bad business plans and mistakes.
            OH wow. So if somebody makes a mistake, they should be punished and ruined? Fine world that is! I won't ****ing stand in favor of that one!

            NATIONALIZATION of several industries needs to occur immediately. That's the only way. The risk and reward is what got us the last recession. It's the same type of crap that made people a load of money and nearly drove this economy into a second 1929. Stronger regulation and in some cases nationalization could prove vital for the safety of the economy. Risk and reward is the same motto of hedge fund managers that nearly ruined this economy and are now back at it. I would jail the lot of them. Their risk and reward nonsense is playing games with the lives of people. I view wellbeing over profits, and at no instance should the two ever be equated.

            I can't stand extreme capitalists, libertarians and other con artists who are giving us this same old Reaganomics bootstrap nonsense.
            For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

            Comment


            • Originally posted by Giancarlo View Post
              ABSOLUTELY TOTALLY FALSE.
              Hmmmmm.... your posts.
              "Depends on the job? Errrrrr... Not really. You just got to either do the following:

              1) Know someone in upper management and brownnose them.

              2) Sleep with someone in upper management

              3) Be related to someone in upper management

              That is how it is generally in the private sector in the US.'

              And then the second...
              "Three very common ways. I am not saying it happens 100% of time. I think probably about 90%."

              SO, ABSOLUTELY TRUE!

              You're the one that pulled a BK And not any moment have you debunked any claim. Nor have you backed any of your own.
              You never supported your claim, but then make demands of others? Now that's a BK.

              2/3rds is well established among small businesses and it's even worse among restaurants.
              Take a look at many association sites... There is some disagreement on how you look at the facts.
              But I won't argue that businesses fail, or that restaurants fail even more. But what's you point?
              Risk, Reward... Many businesses do succeed.

              My version of the world is nationalization of certain industries.
              So you want to nationalize all retail stores and restaurants?

              Some. Not many. And those few have support from rich families and wealth they already inherited.
              MANY BUSINESSES SUCCEED EVERY YEAR, and NOT just those that have rich families.
              Keep on Civin'
              RIP rah, Tony Bogey & Baron O

              Comment


              • Originally posted by Giancarlo View Post
                Leasing would probably be even more and many businesses fail because of disagreements with leases and inability to pay rent. And $1.5 million is a common number to start a restaurant.
                Cite please... Not a single site I saw was near that number... so it isn't COMMON.

                I'm not talking about a ****ing donut shop, where you are the only employee along with that college freshman you hired.
                Yeah... and upscale restaurant in a top ten city... maybe/probably
                But I'm not talking about a ****ing donut shop either.
                You really should do some research before tossing numbers around.

                You haven't backed yourself up a single time. Just like BK!
                Uhhhh... where are your proofs? Feel free to actually post some, and then so will I.

                OH wow. So if somebody makes a mistake, they should be punished and ruined? Fine world that is! I won't ****ing stand in favor of that one!
                So people should be protected from making mistakes? WTF.
                There is a reason why it's a RISK to start a business.

                NATIONALIZATION of several industries needs to occur immediately. That's the only way. The risk and reward is what got us the last recession. It's the same type of crap that made people a load of money and nearly drove this economy into a second 1929. Stronger regulation and in some cases nationalization could prove vital for the safety of the economy. Risk and reward is the same motto of hedge fund managers that nearly ruined this economy and are now back at it. I would jail the lot of them. Their risk and reward nonsense is playing games with the lives of people. I view wellbeing over profits, and at no instance should the two ever be equated.
                So again... should all retail and restaurants be nationalized?

                I can't stand extreme capitalists, libertarians and other con artists who are giving us this same old Reaganomics bootstrap nonsense.
                Gee... extreme capitalists are those that want to risk starting a business?
                Keep on Civin'
                RIP rah, Tony Bogey & Baron O

                Comment


                • Oh but I should take your word for everything... Just like Ben.

                  Your ideology is exactly why the recession happened. Too many stupid risks. This is why I will never go into the private sector. Too much BS and fantasy.
                  For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

                  Comment


                  • If you have Internet access you can start a business for free. There are countless business opportunities online alone.

                    After making a couple $1000 doing freelance writing, I spent about $15 to start my first online business, which I sold a year later (forced to do so for family medical expenses and an accident) for about 1000x invested capital on top of monthly profit.

                    The one I built after that has done much, much better.

                    Sure, you have to work hard at it, and you need a decent idea, be able to do something better than it's being done, or ability to spot niches that aren't filled. You also have to be frugal to start and understand how reinvesting leads to long term benefits. But it can be done, I even have helped others start their own successful online businesses. One, a student from Vietnam who was looking at $200/month graduating from medical school who now makes about $4k a month from his "hobby" online while he basically treats patients for free (in comparison)

                    Comment


                    • There are 600k restaurants in the US, so someone is able to do it.

                      Comment


                      • Originally posted by Aeson View Post
                        If you have Internet access you can start a business for free. There are countless business opportunities online alone.

                        After making a couple $1000 doing freelance writing, I spent about $15 to start my first online business, which I sold a year later (forced to do so for family medical expenses and an accident) for about 1000x invested capital on top of monthly profit.

                        The one I built after that has done much, much better.

                        Sure, you have to work hard at it, and you need a decent idea, be able to do something better than it's being done, or ability to spot niches that aren't filled. You also have to be frugal to start and understand how reinvesting leads to long term benefits. But it can be done, I even have helped others start their own successful online businesses. One, a student from Vietnam who was looking at $200/month graduating from medical school who now makes about $4k a month from his "hobby" online while he basically treats patients for free (in comparison)
                        This sounds like a get rich scheme I read in the gigs section of Craigslist.

                        Could I make $2000 a week answering surveys too lmao?

                        Your advice is terrible and likely to wind up getting someone either swindled or in bankruptcy court. I am cautious with my financials. Not reckless.

                        I will stick to the better pay of my field that truly rewards hard work.
                        For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

                        Comment


                        • Originally posted by Aeson View Post
                          There are 600k restaurants in the US, so someone is able to do it.
                          And most fail.

                          What are you guys going to call me now? A communist because I don't agree with this bootstraps crap? It is dehumanizing. And if someone makes a mistake they don't deserve to have their entire lives ruined.

                          You value money over people. And making money has nothing to do with helping people. Just look at the orange haired troll running for President.

                          George Carlin was right about businessmen. Full of ****.
                          For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

                          Comment


                          • Word.

                            For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

                            Comment


                            • No one but you have said anything about bootstraps. You're just delusional.

                              Have you ever stopped to think why there are so many websites? Even the one you are posting on now is part of an online business.

                              And yes, starting your own business is a risk. That's why the upside is better than just working a regular job.

                              Comment


                              • Originally posted by Aeson View Post
                                No one but you have said anything about bootstraps. You're just delusional.

                                Have you ever stopped to think why there are so many websites? Even the one you are posting on now is part of an online business.

                                And yes, starting your own business is a risk. That's why the upside is better than just working a regular job.
                                There are a lot of websites. Yes... Lots of small businesses involving somebody taking off their pants.

                                I suppose I could get into porn. I'm good looking and have a nice ass lmao. Not gonna happen.

                                George Carlin was right. The internet by the way (besides from major retailers and eretailers is rife with failure).

                                The upside is far from what I'm doing now with fantastic promotion potential. I don't need to selling people **** they don't need.
                                For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

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