daily ad

Wednesday, January 18, 2017

finances for collapse book 9


FINANCES FOR COLLAPSE BOOK 9

SMALL BUSINESS SUCCESS

Okay, you’ve decided that a second income should be rewarding and a stress release rather than just a soulless pursuit of more money.  You will do what you love rather than what makes the most money ( with our first spawn on the way, the Bison Master Plan was to sell all our assets, get the hell out of the rapidly sinking state of California, move to the Sooner State and enroll the Ball And Chain in pilot school and then I’d be Mr. Mom.  That only worked out to the benefit of the ex, but my point was that while planning the move I also got a second job.  I refused to duplicate the main job as a manager which was high stress, but rather picked a fun job.  When an income isn’t necessary for food you can actually find one you enjoy.  Mine was working at a movie theatre.  I love movies, so it wasn’t even like real work.  And my abilities far outshone the teenage scum there and I was golden.  Even working for The Man, you can have a rewarding second income ).

*

But of course, working for yourself is a far better option if at all possible.  Most of us are highly unskilled.  We have a narrow specialty we excel at and can’t do much else, thank you very friggin much public education and the FedGov killing off the apprenticeship avenue for advancement.  Our hobby’s are where our creative juices are applied, and for almost anyone who applies themselves seriously to that hobby, your abilities there probably outshine your paid skills.  Now, obviously, talking about engineers or brain surgeons don’t apply here, but most other jobs are really nothing more that micro slots filled in by high specialization.  Which are mostly on the job training.  Instead of highly skilled apprentices we have low skilled repetitive motion experts.  We are essentially paid to baby-sit the robots or the bureaucracy or as a means to bypass increased insurance costs.  As wasteful as all that is, you can’t really do it cheaper.  The system is optimized to the corporations ( who really just work for the bankers and the government ).  Not the small business owner.  You simply cannot compete with those kinds of businesses.  You need to focus on niche markets.

*

However, far more important than that, you cannot have the debt or overhead those kinds of businesses have.  Think about it.  You use your 20% interest credit card to buy small lots, but the corporation uses a 1% interest loan to buy container ship loads of product.  You cannot compete, period.  You can be in the same business but you cannot do it with debt or overhead.  That means no employees and almost no equipment.  AND NO DEBT.  I don’t think I can emphasize that enough.  A economic downturn, a mega-corporation gets another 1% loan.  If you have a loan, in a downturn you go bankrupt.  A corporation looks at regulations and employee grievances as the cost of doing business.  A micro business gets one employee misbehaving-theft, suing for perceived whatevers, fraud-and they go bankrupt.  You MUST build in redundancies to weather the unforeseen.  You MUST eliminate problems before they occur.  Eliminating debt eliminates reduced income issues.  Eliminating rent lowers overhead cost.

*

To take low skill examples ( for the benefit of low skill entrepreneurs ), you don’t buy a pickup truck and a riding mower and employ foreign guest workers to landscape.  You have a push mower you place in a small bicycle trailer.  His cost, $50k and $5k a month expenses.  Your cost, $1k with $20 monthly expenses.  Guess how fewer lawns at which cheaper price you can cut.  A bicycle shop has insane building rental costs and employee costs to cover.  A bicycle mobile repair business is nearly cost free.  You can’t sell enough guns to pay rent on a retail building, but you can gunsmith out of your home, with the garage as your official site ( taking into consideration the BATF rules, you don’t want them sticking their noses into your house ).  Okay, gunsmithing is a higher skill level-but the point of lower costs stands. 

*

Anyone can be a book publisher today.  It doesn’t even entail using Kindle ( a whole other subject ).  You can go to Lulu.com ( who I’ve had very good luck with ) and get a single copy of a book printed at a very reasonable cost.  Excluding shipping, a 400 page book is a mere $8 your cost.  Look at the slop Paladin Press offers at much higher costs.  That is what high overhead does to them.  You can undercut them on any subject matter, and have a much higher quality content.  Okay, you face the issue of exposure, but that isn’t insurmountable.  You mail a few free copies to high exposure blogs covering the same subject.  If you order more than one book at a time, reduced print cost and shipping make advertising a sub-$100 cost.  There are means and ways of manufacturing available to cheap start-ups, besides the 3D printing.  Whatever your skill/business is, you can start it easily enough just by following the Three Rules.  No debt, no overhead, filling the niche rather than directly competing. 

*

Of course with the caveat that a niche business makes a micro income.  If it grows, great.  But NEVER take that expectation to the bank.  For the longest time, greed was the primary skill in business.  You borrowed easy credit and followed the suckers.  Now, most of the economy already having become parasites, you need to do things much smarter.  And much more ethical.  Standard business teaching completely ignores this of course, but by intelligently minimizing costs you can pass the saving unto your customers.  Rather than pleading Po’ Mouth ( “but my costs are X a month!” ) you can claim doing things smarter rather than harder.  Since EVERYONE is chasing the high cost/high price paradigm, you have about zero competition with ultra low cost/low price.  Don’t follow the herd.  Their collective intelligence is scary low.

END

Please support Bison by buying through the Amazon ad graphics at the top of the page.  IF YOU DON’T SEE THE AD, DISABLE AD BLOCK ( go to the Ad Blocker while on my page and scroll down the menu to “disable this site” ). You can purchase anything, not just the linked item. Enter Amazon through my item link and then go to whatever other item you desire. As long as you don’t leave Amazon until after the order is placed, I get credit for your purchase.  For those that can’t get the ads because they are blocked by your software, just PayPal me occasionally or buy me something from my Amazon Wish List once a year.  Pay your author-no one works for free.  I’m nice enough to publish for mere Book Money, so do your part.*** 
*Contact Information*  Links To Other Blogs *  Land In Elko*  Lord Bison* my bio & biblio*   my web site is www.bisonprepper.com           *wal-mart wheat
*Link To All My Published Books
* By the by, all my writing is copyrighted. For the obtuse out there

11 comments:

  1. Interesting comment. I have been building model airplanes and designing them for over 50 years now. I was working for a large defense contractor and the aircraft like bomb was having a problem. I gave them my input and was told that they would get the input from a real aerodynamicist. 100K later he came up with the same solution. I never get a sorry or anything approaching acknowledgement from management.

    ReplyDelete
    Replies
    1. "real" input protects the job of the person in charge. What it cost the company/customer isn't a consideration. It is simply CYA.

      Delete
    2. Ha, at my last slave camp I pointed out that they were paying $50,000 a year to have empty bins emptied. The bosses did - not - care. Yet when I asked for another $1 an hour, oh no, there's not enough money in the budget for that. Really? I know where you can find it and come out ahead.

      I'd call them retards but I'm not the one bringing in $20million in profits a year

      Delete
    3. You can be retarded and bring in millions in profit. Case in point, Obama.

      Delete
  2. A hobby business can be a profit center that exceeds a "regular job" income. One problem is we have less community interaction for word of mouth to grow and FaceBook isn't the same.

    ReplyDelete
    Replies
    1. Facebook is gossip for retards. But you are right about word of mouth locally. Even established businesses aren't really commented on.

      Delete
  3. You are spot on with regards to carrying debt.

    I'm currently struggling with a low end middle class mortgage whilst running a sole trader business that brings in roughly the minimum wage. Specific numbers are meaningless as we all run in different economies (You pay sweet FA for things we pay through the nose for yet last year I suffered an injury requiring Ambulance, ER visit & 12 months physio and that cost me a grand total of $0 whereas if I were in the US I'd be bankrupted - so swings and roundabouts. Still, I'd love access to your firearms and to live in an open carry state. Hell, I'm trying to buy a handgun and I have to pay $600 BEFORE I can purchase one and even then I'm only allowed to buy ONE and the path I'm on I've just discovered it can't be a caliber higher than a .38 and even THEN the .38 has to be hand loaded to lower than off the shelf power. Right now I've got my heart set on a S&W Victory .22lr but that's likely to change because I've got about 7 months to wait (But I'm angry NOW!!) )

    I digress. My mortgage repayments are less than or equal to what rent for a similar (as in a house) costs. I've got car repayments but I'm reluctant to sell off my car to remove that burden because should my business fold I need transportation to my new slave master and should I not have a job I couldn't get a loan. Yes I do have a bike but my fellow citizens HATE cyclists and riding is almost a contact sport.

    I've got credit card debt. That was run up when I sold my last house by paying for repairs. The ball and chain just thought well meaning elves paid for everything. *rolleyes*

    Still, I'm onboard the Bison Train as much as I can. Apart from gym fees and putting aside $ for a handgun I'm alternating between preps & debt although to be fair getting out of debt is preps.

    Geeze I whine a lot ;-)

    ReplyDelete
    Replies
    1. You whine a lot? Have you been reading my articles much? On bike riding, it is location specific. I'd never go back to the riding of my youth if still in California. Too much traffic, and half of those illegal. If they hit me they just go back home. I harp a lot on bicycle only transport, but that goes part and parcel with getting out of the major urban areas. Even a middlin city is far better.

      Delete
    2. Nah, I don't think it is really whining. Just showing how someone can work towards the Lord Bison Ideal without having to sacrifice everything (just being READY to do so).

      Delete
    3. Centerfire handgun of "smaller caliber" than .38 that can be versatile is Tokarev in 7.62x25 or .357Magnum revolver (can load and fire .38sp safely), or 7.62Sig Glock. All can be handloaded to whatever legal requirement. Rimfires don't reload.

      Don't kid yourself. Riding a bicycle for transport IS a contact sport. In 2016, I hit the ground on ice and was T-boned by a Chevy s-15 Blazer. Doing better in 2017. Stronger for it.

      pdxr13

      Delete
    4. Christ, what is it with Redneck Irregulars and bicycle accidents? I'm starting to get nervous here, myself.

      Delete

I must moderate-trust me. You don't want to see what happens otherwise. Sometimes it takes awhile to respond as I only check two or three times a day. No N-Bombs, nothing to get me libeled. Otherwise, have at it. If you criticize me, make sure to praise my hair first.