The Trinituner Entrepreneurship/Self Employed/ Side Hustle Thread

[Bizzare]

per year??? i doh think so i saw some sites have one time fees

To keep it registered is 1k a year


Can't remember

I got 3 ppl there to do it for me

Charge the OP and have it done by your ppls for him.

[Kish]

Just to share some input. I've recently registered my business and I must say it's kicking off better than I expected. The key to getting the business running is advertising. Online advertising helps alot and i've noticed that facebook ads are more responsive than the google ads, mainly cause facebook has a larger audience.

I'm looking to to some more non-internet based advertising and also need someone to make some signs for my store. My product line is not that big right now but hopefully by mid next year it will be in gear.

Another tactic I'm trying is to fish around to see which types of products would appeal to the consumers more so this has also helped with my product lineup.

Any tips on the advertising and signs?

[^Pretty^]

Financing... The ADB only gives loans with reasonable % for very secure projects...
e.g. If you want to go with a Greenhouse I heard they only offer 35% funding... I'm going to find out myself tomorrow.

I checked this morning... (26-05-11)

ADB terms for agricultural projects:
Ceiling on Principal.... = None... "open ended"
Land purchase.......... = Can be included in loan.
Downpayment........... = 20%... (10% for used vehicles.)
Loan %................... = 80%... (70% for used vehicles.)
Collateral required...... = Real estate, fixed deposits etc... just like a commercial bank.
Interest Rate............ = 3-5% per annum.
............................ = 1% less for approved advanced technology ...(minimum rate is 3%.)

A lot of paperwork is req'd, including Feasibility Study, Business Plan & Cash Flow projections... (Hire an Accountant.)
Still looks like a good deal IMHO.

My $0.02¢

Most ppl don't like to hire accountant's as they feel they have no real purpose to their business.

You can check Small Business Development Co as well....i think they provide 50% financing on business loans but the only thing that remain's constant with any financial institution, paperwork required is the same across the board.

[Redman]

Most ppl don't like to hire accountant's as they feel they have no real purpose to their business.

This is a massive mistake.

Surround yourself with professionals-you are paying for their experience and knowledge, and in some cases their contacts.
Just be sure that you dealing with the right professionals.

Later

[Skanky]

Somebody on here once gave me some info on trading Forex early last year or so.I took a year and educated myself from learning as much as I could find online and now I have become a profitable trader.
Anyway my search does not work or else I'd have asked in the forex thread but I can't search for some reason..for weeks now.
Do I have to pay taxes on any money I make from trading Forex?

[^Pretty^]

Somebody on here once gave me some info on trading Forex early last year or so.I took a year and educated myself from learning as much as I could find online and now I have become a profitable trader.
Anyway my search does not work or else I'd have asked in the forex thread but I can't search for some reason..for weeks now.
Do I have to pay taxes on any money I make from trading Forex?

Yes....you should speak to an accountant for further info.

[Skanky]

Thanks ^Pretty^.

[Rooki3]

Most ppl don't like to hire accountant's as they feel they have no real purpose to their business.

This is a massive mistake.

Surround yourself with professionals-you are paying for their experience and knowledge, and in some cases their contacts.
Just be sure that you dealing with the right professionals.

Later

damn good advice, sounds like an excerpt from rich dad poor dad

[^Pretty^]

I am looking for a part time data entry clerk located in the east.
If you know anyone who may be interested, please have them email a resume to:
expertaccountingsolutions@gmail.com

Thanks much.

[NZE guy]

As a fist time self employed person, should i register a limited liability company or small business ?

[^Pretty^]

As a fist time self employed person, should i register a limited liability company or small business ?

There are different factors you need to consider when making the decision to go limited liability or small business.
Speak to your accountant if you have one....if not as mentioned before...engage one from the beginning so as to guide you accordingly and help you make the right decisions.

[Kronik]

This is a feeler to see the interest. i know there are a lot of people out there who wanna have their own business but dont have the capital to start up. i know what it is like.

well i have an alternative i want to share with any motivate individuals. it's basically an opportunity where you can have your business and dont need a stack of cash to get started

anyone interested can pm me for more info

[Kronik]

^^interested persons, can see the details saturday, so if you contact me before that would be great

[suffocate69]

Most ppl don't like to hire accountant's as they feel they have no real purpose to their business.

This is a massive mistake.

Surround yourself with professionals-you are paying for their experience and knowledge, and in some cases their contacts.
Just be sure that you dealing with the right professionals.

Later

I actually totally disagree with this, unless you're absolutely incompetant.

Do you have any idea how easy accounting is? It's just tedious. But any business owner should take an active role in their business's finances. Once you carefully research what you need to be doing and learn about the tax and banking systems. Then accountants are useless for any small business.

None will understand your buisness like yourself. If you have the time LEARN the accounts yourself. Do not let a 'professional' account fool you.

[Redman]

Most ppl don't like to hire accountant's as they feel they have no real purpose to their business.

This is a massive mistake.

Surround yourself with professionals-you are paying for their experience and knowledge, and in some cases their contacts.
Just be sure that you dealing with the right professionals.

Later

I actually totally disagree with this, unless you're absolutely incompetant.

Do you have any idea how easy accounting is? It's just tedious. But any business owner should take an active role in their business's finances. Once you carefully research what you need to be doing and learn about the tax and banking systems. Then accountants are useless for any small business.

None will understand your buisness like yourself. If you have the time LEARN the accounts yourself. Do not let a 'professional' account fool you.

LOL

Not IncompetEnt breddo- just a different POV



If you are starting your own business-the best use of your time is in fact pushing and developing the business-not handling paperwork.


Do what you are good at and is the best for the business.There is a cost to your time-maximize the return.
Doing everything limits your ability to expand beyond a certain level.
Jack of all trades master of none.
But we all can do things how WE want to-thats the point of being SELF EMPLOYED-there are many ways to bell the cat.


Later

[suffocate69]

It comes down to me only trusting myself.

But honestly, I do outsource and but somethings I like monitoring myself.

[napster16]

Just wanted to know if there's anyone around with experience in the Stage Lighting and Effects Business (incl. Tent Rental and so on) that would like to share any knowledge that they have.

Thnx...

[napster16]

[ronsin1]

all yuh need is a box ah match and yuh could light up the stage what you worried about

[gastly369]

[rankhl]

Is now a good time to buy or own a Dump truck (6 or 10 wheeler)?

Thinking about making an investment, but the good ones cost an arm and a leg.

[EXODUS]

ammm y u doh consult yuh broker instead of posting on chuna. after all its an investment in a business U r making so who wud knw whats best...not U sir?

[kurpal_v2]

Is now a good time to buy or own a Dump truck (6 or 10 wheeler)?

Thinking about making an investment, but the good ones cost an arm and a leg.

Honestly, if you going to be driving the truck and wake up 3am and reaching home after 7pm with hopes you have no repairs to be done, hell a overnighter or two in a quarry. Then maybe it could be a viable business once you are prepared to sacrifice for it.


If you going to be hiring a driver, I won't advise it, better you buy some land with the odd $3-400,000 you might be investing. Reason being, the market is over saturated with trucks, the bigger fleets are pushing the small man aside and running down Work to cover expenses etc. Your driver won't hustle work as hard as you would so unless u have some government Padna or sum it's not a viable option.

ammm y u doh consult yuh broker instead of posting on chuna. after all its an investment in a business U r making so who wud knw whats best...not U sir?

How would a broker know what the local transport business is like? Apart from hear-say a broker wouldn't be able to relate to this man real world experience From tuners involved in the trucking industry. Think before you post na.

[uncle sam]

Is now a good time to buy or own a Dump truck (6 or 10 wheeler)?

Thinking about making an investment, but the good ones cost an arm and a leg.

Honestly, if you going to be driving the truck and wake up 3am and reaching home after 7pm with hopes you have no repairs to be done, hell a overnighter or two in a quarry. Then maybe it could be a viable business once you are prepared to sacrifice for it.


If you going to be hiring a driver, I won't advise it, better you buy some land with the odd $3-400,000 you might be investing. Reason being, the market is over saturated with trucks, the bigger fleets are pushing the small man aside and running down Work to cover expenses etc. Your driver won't hustle work as hard as you would so unless u have some government Padna or sum it's not a viable option.

ammm y u doh consult yuh broker instead of posting on chuna. after all its an investment in a business U r making so who wud knw whats best...not U sir?

How would a broker know what the local transport business is like? Apart from hear-say a broker wouldn't be able to relate to this man real world experience From tuners involved in the trucking industry. Think before you post na.

take ah bump

[EXODUS]

Is now a good time to buy or own a Dump truck (6 or 10 wheeler)?

Thinking about making an investment, but the good ones cost an arm and a leg.

Honestly, if you going to be driving the truck and wake up 3am and reaching home after 7pm with hopes you have no repairs to be done, hell a overnighter or two in a quarry. Then maybe it could be a viable business once you are prepared to sacrifice for it.


If you going to be hiring a driver, I won't advise it, better you buy some land with the odd $3-400,000 you might be investing. Reason being, the market is over saturated with trucks, the bigger fleets are pushing the small man aside and running down Work to cover expenses etc. Your driver won't hustle work as hard as you would so unless u have some government Padna or sum it's not a viable option.

ammm y u doh consult yuh broker instead of posting on chuna. after all its an investment in a business U r making so who wud knw whats best...not U sir?

How would a broker know what the local transport business is like? Apart from hear-say a broker wouldn't be able to relate to this man real world experience From tuners involved in the trucking industry. Think before you post na.

ok wiki... i shal shaddap ...

[ru$$ell]

Is now a good time to buy or own a Dump truck (6 or 10 wheeler)?

Thinking about making an investment, but the good ones cost an arm and a leg.

Honestly, if you going to be driving the truck and wake up 3am and reaching home after 7pm with hopes you have no repairs to be done, hell a overnighter or two in a quarry. Then maybe it could be a viable business once you are prepared to sacrifice for it.


If you going to be hiring a driver, I won't advise it, better you buy some land with the odd $3-400,000 you might be investing. Reason being, the market is over saturated with trucks, the bigger fleets are pushing the small man aside and running down Work to cover expenses etc. Your driver won't hustle work as hard as you would so unless u have some government Padna or sum it's not a viable option.

ammm y u doh consult yuh broker instead of posting on chuna. after all its an investment in a business U r making so who wud knw whats best...not U sir?

How would a broker know what the local transport business is like? Apart from hear-say a broker wouldn't be able to relate to this man real world experience From tuners involved in the trucking industry. Think before you post na.

basically,wouldnt even tell you to invest,run far away as possible.Go into the food business

[ray d saint]

Is now a good time to buy or own a Dump truck (6 or 10 wheeler)?

Thinking about making an investment, but the good ones cost an arm and a leg.

Honestly, if you going to be driving the truck and wake up 3am and reaching home after 7pm with hopes you have no repairs to be done, hell a overnighter or two in a quarry. Then maybe it could be a viable business once you are prepared to sacrifice for it.


If you going to be hiring a driver, I won't advise it, better you buy some land with the odd $3-400,000 you might be investing. Reason being, the market is over saturated with trucks, the bigger fleets are pushing the small man aside and running down Work to cover expenses etc. Your driver won't hustle work as hard as you would so unless u have some government Padna or sum it's not a viable option.

ammm y u doh consult yuh broker instead of posting on chuna. after all its an investment in a business U r making so who wud knw whats best...not U sir?

How would a broker know what the local transport business is like? Apart from hear-say a broker wouldn't be able to relate to this man real world experience From tuners involved in the trucking industry. Think before you post na.

^^^This and it is coming from someone IN the industry....

[Gx7]

its a good business to get into im into it , but like everything else in this country , once you know the rite people , ull make alot of money with a dump truck .......... a ten wheeler dump is a good truck to make fast $$ with the rite amount of work .
Gd Luck with your investment if u decide to go true with it ...............

[FullStop]

if u need to ask if its a good investment then don't do it, the big guys in the industry who have the links still have trucks parked up...unless you have lots of links its very hard...and like someone said above, if u hire a driver chances are ur just going to end up with serious expenses...Additionally, you need to know about trucks and stuff pretty well to buy one, lots of schemers selling trucks built with mixed and matched parts, real failure waiting to happen...

[FullStop]

Food production is an epic good investment like ru$$el said...you should probably look at specializing at something though rather than attempting massive multi cropping...