Moderator: 3ne2nr Mods
dude2014 wrote:desifemlove wrote:OK, ive started an ecommerce business, but which is the best for business bank accounts? is republic any good? what about the smaller banks like JMMB (used to be intercommercial), or bank of baroda?
Check a few of the recommendations mentioned above. It is useless to ask relatives, even if they know sometimes. Remember the KISS RULE: KEEP IT SIMPLE AND SUCCEED!
Remember to enquire about COMMINGLING OF FUNDS.
i HAVE STOPPED TALKING MY BUSINESS WITH RELATIVES!!!!!!!!!!! and guess what, I am succeeding. Check Development Finance Limited as you may also need business advise and sometimes help with financing, business plans, expansion, etc.
supercharged turbo wrote:Daran wrote:What's the best way to receive large amounts of PayPal money using a Trinidad account. VTMs have too many restrictions.
I'm very interested in this info as well
supercharged turbo wrote:Daran wrote:What's the best way to receive large amounts of PayPal money using a Trinidad account. VTMs have too many restrictions.
I'm very interested in this info as well
desifemlove wrote:if one earns money from overseas, with a business registered overseas, does this mean one has to pay taxes in T&T too?
Best wishes!eliteauto wrote:Best wishes to all entrepreneurs and budding entrepreneurs for the new year. An interesting year ahead with the economic situation being what it is.
eliteauto wrote:Also if you can get a copy of Anthony Sabga's book " A will and a way" it makes for good reading
Trade keeps the business running but then again how many tradesmen honest and some of the lazy ones give problems...The_Honourable wrote:Education up to secondary level is important but it needs to be reformed. Tertiary level you have to be sure on your choices to get a job which many find out the hard way when it's time to go in the job market. That being said, don't be naive to think that one stream of income is enough. It will be enough if you are single and have no mortgage.
Network Marketing is good but pyramid schemes and dishonesty runs amok especially for the past 12 years in T&T.
Forex and Crypto are also good but just like network marketing, dishonesty and schemes are at play right now.
Farming is a good option but there are poor support systems to keep it alive and people nowadays don't want to plant. Easier to use the land to build real estate.
Tutoring/Mentoring is a very good option. Should be looked into.
Can't go wrong opening a business... but you have to satisfy a need and have some form of competitive advantage which many people miss. I'm seeing some being brash especially in the network marketing side opening a "group of companies" calling themselves entrepreneurs hoping to be the next Sabga yet they are financially in the red. If you are selling Nutralite and calling yourself an entrepreneur because you read a Robert Kiyosaki book (his books are good), you are deluding yourself. The real entrepreneurs are the ones who own nutralite/amway and the 1st set of people who started the business in a country.
Once you have a skill, hustling is good. Developing your skills and being honest with your customers will be jackpot down the road.
apole69 wrote:At this point in time agriculture is a viable option. Don't think about back breaking work in the hot sun ; technology has taken agriculture far away from those days. Think about all the imported produce which can be easily grown locally eg. Cauliflowerr, Kale Bell peppers, lettuce celery stalks etc.
Carrots and Beets can be grown locally. Think about the foreign exchange which can be earned by exporting our Hot Peppers esp. Scorpion & Moruga Red .great potential here |
88sins wrote:op, lemme put it like this
a lot of ppl get a degree, with teh idea in mind that it will net them a job that pays a lot of money. but what they don't consider is what happens if the field in which they have the degree is saturated & they can't a job that easily. A degree kinda useless if you can't find a job to utilize the skills you learned in theory in school.
If a person is good with their hands AND brains, a trade isn't a bad option as an alternative to a degree. And depending on what their skill set is, a trade that you start as a part time side income thing or hobby can be turned into a business very easily, depending on how hard you want to work at making it a business of course. Plenty ppl do this on a regular basis.
Of those you mentioned farming have good money in it & a person could make a god living doing it once they established themselves & their routines, but be forewarned it have real plenty work, expense, headache & risk to get started in it before you see enough returns to break even or even make you feel like it worth the effort. Only hard working, tenacious & patient ppl make it as farmers, crops or livestock alike.
You mentioned tutoring/mentoring. It really don't have much of a profitable market for that here outside the bigger more established institutions.
Anybody asks me this kinda question I tell them all the same thing, just get a job to start. Any job, it doesn't matter what it might be, as long as it earns you at least enough to keep you fed, clothed & housed. If you could save something from it better still. Then study what you good at (if anything at all), and see how you could turn that into a side business, then gradually turn that side business into a full time business.
& yes I said it, (if yuh good at anything at all) cuz some ppl eh good at nuttn more than wasting God good air & space. Productivity is against dey religion, & if yuh tell dem to work hard & sacrifice to get what they want is like u tell dem to kill deyself or yuh cuss dey mudda.
Short story shorter, only you could know what you good at & how hard you willing to push yuhself to make it out here.
crazybalhead wrote:We as a people need to stop calling entrepreneurship "hustling".
It takes away from legitimate ideas and limits your scope.
teems1 wrote:crazybalhead wrote:We as a people need to stop calling entrepreneurship "hustling".
It takes away from legitimate ideas and limits your scope.
Likewise, people in MLM pyramid schemes need to stop referring to themselves as entrepreneurs.
Amway, Herbalife, Organo Gold, Avon, Paycation etc need to be properly labelled as pyramid schemes.