The Trinituner Entrepreneurship/Self Employed/ Side Hustle Thread

[urabus]

follow these ...

Step 1. Identifying and defining your problem
Step 2. Developing your approach
Step 3. Establishing research design and strategy
Step 4. Collecting the data
Step 5. Performing data analysis
Step 6. Reporting and presentation

[honda hoe]

Thinking of starting a business .... looking at a women's clothing store

so i have a couple of questions
1. which is better: to go to countries like Miami and shop or shop online(esp with regards to customs fees)
2. how long does it take to breakeven (so i would no how much months capital i should have)
3. Is there any formal classes i cud take with regards to "what types of clothing best suits which body types"
4. What other problems do you encounter or that i should be prepared for

your breakeven point does not depend on time

its that point when your sales revenue is equal to fixed costs plus variable costs

[Computerman]

Hey monkeypeaches,

Before addressing your questions may I ask what type of clothing you wish to sell and target audience? Are you tailoring for the casual woman, business woman, young women, older women, plus size women etc?

Naked wimmen?

Nah... juss some quality beach wear go do!

[c@ri$$@]

follow these ...

Step 1. Identifying and defining your problem
Step 2. Developing your approach
Step 3. Establishing research design and strategy
Step 4. Collecting the data
Step 5. Performing data analysis
Step 6. Reporting and presentation

Like yuh have marketing exam Monday or what???

[Mr Gear]

If you are self employed whether full time or part time, this is a little area for you to share your experiences among other self employed and progressive individuals.

[MG Man]

right now I am looking to leave my employer and trade forex fulltime
My dream was to take over my parents bar, but between crime and competitors who don;t play nice, I gave up on that idea........

[eurogirl]

I trying to find the cheapest way to ship my stuff to barbados to fulfill an order I have for 3 clothing stores across there ..

[TriniVdub]

rent a yacht.... no customs, no duties, life sweet

[eliteauto]

I've found non-nationals or nationals that have spent extensive time outside are more likely to give contracts to or invest in start ups than locals who deal more on nepotism or links than ability

[MG Man]

I trying to find the cheapest way to ship my stuff to barbados to fulfill an order I have for 3 clothing stores across there ..

what options have you checked so far?

[hydroep]

You can pick and choose your clients and there's a lot of flexibility in terms of your working hours.

Income isn't guaranteed though.

It's much less stressful...well, in my situation at least.

[ronsin1]

I have just started an A/C business for the installation and service to residential and commercial customers

[rmlmv]

Wish I was self employed...

But, if any of you interested in hiring me part-time, would love to make some extra $$$, outside office hours though. Good with computers, but willing to do physical work as well.

[eurogirl]

I trying to find the cheapest way to ship my stuff to barbados to fulfill an order I have for 3 clothing stores across there ..

what options have you checked so far?

shipping agents so far ..
Its approximately 3 boxes I trying to fit them into 2 boxes .


fedx starts @ 253US ..
IBC give me a good price as well I can't rem it offhand .. the good thing about them also is they offered a pickup service

[Mr Gear]

Eurogirl, do you manufacture clothing or just resell clothes that you import ?

Also look into CAL shipping. They fly there daily and there rates are bound to be more affordable than a courier company like Fedex.

[MG Man]

Wish I was self employed...

But, if any of you interested in hiring me part-time, would love to make some extra $$$, outside office hours though. Good with computers, but willing to do physical work as well.

thats why I got into FOREX.........to supplement my income
but I so sick and tired of working for people that I just gonna quit, stay home, and trade

[eurogirl]

Eurogirl, do you manufacture clothing or just resell clothes that you import ?

Also look into CAL shipping. They fly there daily and there rates are bound to be more affordable than a courier company like Fedex.

manufacture , thanks

[eurogirl]

Wish I was self employed...

But, if any of you interested in hiring me part-time, would love to make some extra $$$, outside office hours though. Good with computers, but willing to do physical work as well.

thats why I got into FOREX.........to supplement my income
but I so sick and tired of working for people that I just gonna quit, stay home, and trade

thas my mental state right now .. you working and they trying to sabatoge yuh .. making u feel like u so worng because you have u're own style, I lost my ability to judge and make right decisions , i keep doubting myself and I was so scared and nervous .. .. this is why I started working with my mom .. not me n them crazy uneducated wajang and them out there I might shoot somebody .. it like highschool and I was never in de cool kids club so I definitely not going to be in the corporate cool club ..

[apple]

We do screen printing at home

[Mr Gear]

apple do you do sublimation or dispersion or just traditional screen printing ?

[bushwakka]

right now I am looking to leave my employer and trade forex fulltime
My dream was to take over my parents bar, but between crime and competitors who don;t play nice, I gave up on that idea........

how's the forex workin out for u? i''m quite interested in it....went to one of MTI's free seminars the other day....where did u get ur forex education from?

[apple]

We do traditional screen printing for now.

[Monk BANzai]

best feeling, working for yourself. Comes with its hardships, but its all about good relationships with your clients and suppliers...

...stayign on top of your game is also good. I do Print Brokerage, so i handle everthing from the initial client meeting to delivery. The client never meets the supplier and as a result the headaches are less for them, which they appreciate.

YOu always have to keep abreast with what the market is doing....for instance right now, evn though the market is down, majot players are stickin with the Big Angencies due to th comfort zone there. As a self operator, you have to understand and brign soemthing different to th table that the big companies cannot provide. Your profit margins have to be less....if the big companys charge 60% markup...dro pt 40% and gain a slight edge that way....yu cnat get big money "jusso"...it must be earned over time

Understand the market yu in and the "Seasons" involved. There's always a down season when yu work for yourself..understand that and adjust to your secondary money stream accordingly (always have a secondary income stream...)

Service is the main thing...if you go out of your way to do something for a client and its appreciated, then repeat business and loyalty ensues.

I love it..yes there are times of you wanting to be "salaried" for a 20K a month et al....but then there's this....toying this message in yuh draws while sipping on some hot cocoa and working......

*busses fart on patented Leaher chair....

[MG Man]

right now I am looking to leave my employer and trade forex fulltime
My dream was to take over my parents bar, but between crime and competitors who don;t play nice, I gave up on that idea........

how's the forex workin out for u? i''m quite interested in it....went to one of MTI's free seminars the other day....where did u get ur forex education from?

same MTI thing

[cornfused]

There are challenges no doubt , but nothing beats the fact that my inputs , whether knowledge or skill delivers a service people are happy with and are willing to pay.

However I don't like when people get the lines crossed , with my true friends we can do business together , business associates yes , but sometimes other classes of people forget what business is see only their needs and conveniently forget payment

[Kinday]

Being self employed ain't no bed of roses, if you're not prepared to work hard and smart, be prepared to face real tears. That said it can be quite rewarding

I'm in the entertainment business for almost 20 years, started as a teen. Started my own company with a couple friends about 6 years ago. Still in this peaky entertainment industry, it pays very well but you have to create a niche to survive outside of the seasonal issue. Looking to offer additional services outside of the region now, maybe then I won't have to deal with the problem of "industry friends" and my receivables

[rmlmv]

I'm one of those scaredy cats who wanted to wait and see how forex worked out for others. It's a bit daunting to get into for me... but I know a few who do make $$$ from it now. Will checkout the classes some time.

[Monk BANzai]

There are challenges no doubt , but nothing beats the fact that my inputs , whether knowledge or skill delivers a service people are happy with and are willing to pay.

However I don't like when people get the lines crossed , with my true friends we can do business together , business associates yes , but sometimes other classes of people forget what business is see only their needs and conveniently forget payment

pm sent

[TriniVdub]

right now I am looking to leave my employer and trade forex fulltime
My dream was to take over my parents bar, but between crime and competitors who don;t play nice, I gave up on that idea........

how's the forex workin out for u? i''m quite interested in it....went to one of MTI's free seminars the other day....where did u get ur forex education from?

same MTI thing

MG how bout u start your own training sessions, I could be your first trainee. Don't really trust those MTI agents

[wagonrunner]

MG how bout u start your own training sessions, I could be your first trainee. Don't really trust those MTI agents

he IS one those agents. so how you gonna trust him?