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The American Dream ????

I hope i don't come off sounding like I am insensitive or trying to hold somebody back, but....... I see a lot of people making threads about getting businesses for nothing. I don't want to sound like a jerk but nobody is going to throw you a business, at least one that is worth a damn, without significant money down and a proven track record in the industry they are looking to get in.
Unless you are extremely lucky to fall into a moneymaking opportunity the rule of thumb is this: Work hard! When you can't work any harder, WORK HARDER! Save your money, when you can't save any more, SAVE EVEN MORE!!!!
I guess I am cynical but I know the American Dream is out there-- it's just nobody is going to give you that dream unless you work for it, though.
"Well, what if I find an investor?" Great! Think about it though. These people aren't going to give you free money unless you pay them back with lots of interest and probably give them a piece of the company and future profits. Is it worth

Answers (2)
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Don Barrick

The BAF Group LLC
MD

I agree with you, to a large degree. The other thing I keep thinking is that these people that are looking for something for nothing are just the kind of people that don't belong in business - at least not yet. They obviously don't know what it means to do the kind of cash and operations management, research and savings that needs to be done, even once you get a business. If they understood these issues, they would not be asking the kinds of questions they are putting out there. They need to do a LOT of reading and obtaining experience that would answer many of their questions, BEFORE they start looking at specific opportunities. Otherwise, they are doomed to failure, no matter what they do.

Web reference: www.bafgroup.com

Jul 10, 2009
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John Pasqualino


Me? I risked everything. It worked out but I had to finance my business through my own money, my own credit and my own hard work. Banks don't finance anybody without money down, home equity and a great credit score. Look at these franchises--- you have to be worth sometimes in the millions to even qualify. I wanted to open a Five Guys and the minimum net worth was 400k with 250 in liquid assetts. For a burger joint!!!
Be realistic, 12k is not going to give you the bar/nightclub of your dreams. The bottom line is in this country, the rich get richer, and the poor will only get rich if they take control and responsibility for their own destiny.
Sadly it just isn't about blood and guts. You need money also and lots of "luck." Make your own "luck."

 

Jul 10, 2009
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