/biz/ - Business & Finance

>>53174280
1: Get money
2: Hire hot college girls as employees for all the shit that doesn't really matter
3: Get a jew to run financials

>>53174353
Note taken about hiring hot young whores, but still, how would I go about starting it? Has anyone here started physical businesses where you need to buy/rent out a physical space and probably customize it? What Licenses and shit would I need to get, how much it would all cost etc?

>>53174728
>how much would it cost
You could start by browsing the commercial section of real estate websites. Then you need inventory, unless it's a service like yoga. Banks definitely won't lend you money, unless you have at least some start up capital. A good way to start raising money is crowd funding. To get inventory, you need to contact suppliers. I doubt it's hard to buy from them, as you are giving them money. There are also state and provincial laws, depending on what business you start.

>>53174782
How viable would it be to start a business in your own home before scaling out to a commercial building. Like If I started a small scale spa or massage therapy center?

>>53175476
idk how many people will show up to a stranger's home for a massage/spa, but be safe

>>53175476
You'd have to check with your local laws and it's against a lot of HOAs. It might be better for you to go to the customer's house

>>53174280
Probably the best way is to legally register as a corporation or LLC
Outline an actual plan
Go to the bars, mainly upscale ones, and continue to pitch your idea until you get more investors
Use money as you promised
Or, if you already have the money to fund it, then start purchasing or renting what you need, and hire some hot chicks as independent contractors

1. Have cash as a private individual
2. Set up a company (Dependant on state/province and type)
2.5 Set up company bank accounts
3. Transfer money from private to company

Once you have done that you are good to go to get started. This example is for a gym:

Have a business plan and figure out what things are going to cost you. What are your revenue and expenses?

Revenue - Period (Week/Month/Year) subscription, pay per use
Expenses - Variable Costs - Water, electricity, gas, etc. Fixed Costs - Least/rent, property tax, depreciation of purchased assets, etc.

Determine your style of making money and costs and calculate a breakeven. Example, Monthly subscription for 10 dollars with 3 dollars in variable costs and 10000 in fixed costs per month, you would need 1,429 [10000/(10-3)] subscribed per month just to breakeven.

Ask yourself, is 1,429 people possible? Is there enough capacity for those people? Am I running 24/7 when I need to set a specific period of time to reduced fixed costs? What costs can I reduce to achieve the same goal with less breakeven? Can I make enough money to replace capital, maintenance, repairs?Tons of questions, this is part of the business plan to determine feasibility and sustainability.

Assuming you say yes, this is possible, run some basic scenarios. Pretend inflation is 100%, how is your business doing? Pretend you just lost your building in a fire, how is your business doing? Run it though an NPV, calculate tax savings for capital, etc. etc. till you think you have covered everything reasonable.

Remember that you are dedicating a ton of time and money to your business. Ensure you are happy with the framework before proceeding.

>>53174353
lmao the ppl that go to gym are all incels. whores will scare them off.

>>53174280
massage with happy ending. simple.

>>53178538
Thank you, this seems like genuinely good advice. I want to do something that combines various forms of memeish therapies and have it available in one place, it would likely be popular with gym bros or people who go to spas. I'd likely have both a pay per use and subscription model. Things like redlight saunas, cryo etc. Assuming it's a success I would want to expand it to include more services and be able to open up multiple centers. That's why I wanted to use Gym/Spas as a reference.

>>53174280
If you have to ask you are probably not ready. All the information is out there and If you really wanted to you would figure ist out.

>>53178716
Shit, I’d pay her for it

>>53178561
Not if the whores offer to fuck them.

>>53178561
Gyms already have thots, having friendly thots would help

>>53179171
Of course I'm not ready, I'm asking so I can know how to begin even conceptualizing it. Was hoping some anons would suggests resources to gain that information from. Usually people's experience helps narrow it down as information on the internet is incredibly vast and also diluted.

>>53179229
Pro Tip: figure it out yourself. You will have to figure out a whole lot of shit once you actually run a business.

>>53179161
Don't listen to the people that are telling you to figure it out yourself, there are companies out there that still haven't figured everything out because they have never asked.

If you are doing memeish therapies, what I would do is set up some a kind of "product mix". These would be called your profit centres/revenue streams/etc. Calculate based on each service you want to provide and set constraints for each service.

Example (Per month)
Redroom Sauna - Revenue: 4,000, Expense: 2,000, Profit 2,000, Sqft - 400, Capital Cost: 20,000
Cryo - Revenue: 6,000, Expense: 7,000, Profit -1,000, Sqft - 200, Capital Cost: 40,000
Suntan: Revenue: 6,000, Expense: 3,000, Profit 3000, Sqft - 1,000, Capital Cost: 100,000
Fitness Trainer: 4,000, Expense: 3,000, Profit 1,000, Sqft - 300, Capital Cost: 1000

Assume you have 1,500 sqft available and 100,000 in available cash.

You would use the product mix of Redroom Sauna (x3) and fitness trainer since that gives you the highest margin at 9000/mo. You would use 1500 sqft and spend a total of 61,000 dollars. You would have a payback in about 7 months (61,000/9,000)

>>53179279
I have years to plan things out and gather resources, I fully expect the hurdles when I actually start the thing. Nothing wrong with asking.

>>53179633
Thank you, I now have a better idea of how to actually put it into writing and how to calculate.

How do you feel about taking out a business loan? 100k capital is about the minimum I would want to have before starting, would it be wise to take out a loan and have a bigger product mix from the get go, or should I just try to start small and expand organically?

>>53179715
Leverage is just another administrative (generally) fixed overhead cost, your interest expense. This is part of your business plan.

In the previous example, assume you now have 100,000 loan availability, bringing your total cash to 200,000 for 1,000/mo interest and you have the option to expand 500 sqft for 40,000 capital outlay. Do you take the loan?

Yes, you buy an additional 1,000 sqrt feet for 80,000 and change your product mix to only Redroom Saunas (x5) for a total profit of 9,000 (10,000 - 1,000 interest) (Mistake in previous example, highest margin was 7,000) Your total outlay is 180,000 for Saunas (5 x 20,000) and additional sqrt feet (80,000).

This gives you the basis to determine expansions, capacity constraints, where you should negotiate to get a better deal, grow organically or if you should obtain a loan, etc.

I have seen small coffee shops start and run well with 100k capital so it is feasible as long as you can get the feet in

You gotta be rich or know rich people. If you're leasing a building, that's at least gonna 10 grand a month for gym + spa, maybe half that for one or the other (depends on the area, but obviously you need enough people in the area to justify the massive overheads).

Assuming you haven't just bought a pre-existing business, you'll need equipment too. For a spa+gym this could easily get as high as 7 figures, for one or the other you might be able to do it for 6 figures. Individual saunas will maybe cost $10k, a decent spa is even more expensive, cold plunges might be the cheapest.

Then there's overhead: Electricity, water, staff, whatever service is handling membership, all that shit can easily end up being 10 - 20 grand a month for a spa+gym.

A business like that would need to making ~50 grand a month to be worthwhile. And that likely wouldn't happen until 5 years, at which point you'd finally be able to start taking care of the creditors you would have likely accumulated.

>>53179863
To add, leverage is a gain and loss amplifier. Assume you did everything in the above and got the loan, but it turns out less people were interested in redroom sauna than expected and you had zero people. You would have an additional 1,000/mo that you are obligated to pay, whether or not you are profitable. You may also have certain covenants that you are required to maintain. These loans can tank your business faster than if you went with only your own cash, especially if the bank secured your assets

>>53179715
sure if you want to play pretend than ask all the questions you want. If you want some real life advice maybe listen to someone with experience but you do you fren I wish you the best of luck