- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: entrepreneurs- help needed
Posted on 3/22/16 at 6:06 pm to MLSter
Posted on 3/22/16 at 6:06 pm to MLSter
So your Daddy's friends are going to donate you well into the 7 figures for a business idea.
They're going to donate well into the 7 figures for a business idea you have.
You have zero experience running the business. You don't know anything about commercial real estate, business plans, procuring equipment, commercial construction, hiring staff, making a payroll, or managing a single employee.
You have <0 experience, but your Daddy's friends will donate multiple 7 figures in an idea you admit already exists in Baton Rouge. You dismiss this evidently because of the money your Daddy's friends will donate to you which will allow you to simply "throw money at the competition," and "bump them out," as you put it.
Your step to overcoming any objection about possible business failure is that, "it's foolproof."
Now that we've covered your comments and what they entail, let me ask you a question:
I'm sure your Daddy loves you very much. But do you think his friends love him-and you-enough that they are willing to donate multiple millions of dollars in an idea that you have that you have <0 experience doing even the most rudimentary, elementary level of?
If you answer yes, listen closely...
You're deluding yourself, and your Dad has spoiled you. Go to school, get a job, and if you truly want to be an entrepreneur, schedule the right classes and find a job that's probably beneath you but will quickly allow for you to gain supervisory experience. Things like making a schedule. Hiring employees. Working out schedules. Making a payroll. Handling customer service issues.
Build a business resume.
If you absolutely, positively aren't sold out enough to expose yourself to the experience necessary to start and build a business, you will absolutely, positively never be successful running one.
Darling Daddy and his friends aren't going to float you a donated loan to business tycoon status. You're going to have work to earn it, Bro.
Telling yourself anything else is lying to yourself.
They're going to donate well into the 7 figures for a business idea you have.
You have zero experience running the business. You don't know anything about commercial real estate, business plans, procuring equipment, commercial construction, hiring staff, making a payroll, or managing a single employee.
You have <0 experience, but your Daddy's friends will donate multiple 7 figures in an idea you admit already exists in Baton Rouge. You dismiss this evidently because of the money your Daddy's friends will donate to you which will allow you to simply "throw money at the competition," and "bump them out," as you put it.
Your step to overcoming any objection about possible business failure is that, "it's foolproof."
Now that we've covered your comments and what they entail, let me ask you a question:
I'm sure your Daddy loves you very much. But do you think his friends love him-and you-enough that they are willing to donate multiple millions of dollars in an idea that you have that you have <0 experience doing even the most rudimentary, elementary level of?
If you answer yes, listen closely...
You're deluding yourself, and your Dad has spoiled you. Go to school, get a job, and if you truly want to be an entrepreneur, schedule the right classes and find a job that's probably beneath you but will quickly allow for you to gain supervisory experience. Things like making a schedule. Hiring employees. Working out schedules. Making a payroll. Handling customer service issues.
Build a business resume.
If you absolutely, positively aren't sold out enough to expose yourself to the experience necessary to start and build a business, you will absolutely, positively never be successful running one.
Darling Daddy and his friends aren't going to float you a donated loan to business tycoon status. You're going to have work to earn it, Bro.
Telling yourself anything else is lying to yourself.
1
Posted on 3/22/16 at 6:18 pm to MLSter
quote:
Actually it's kinda here but not on the level it should be and any reasonable person will see that and invest.
OR...it's the size it needs to be for the BR market and reasonable people see this and do not want to invest more money into an idea that has already reached it's potential in that market.
Posted on 3/22/16 at 6:30 pm to GFunk
Haha first he said one person would donate, second I still have to pitch it to them and present it in a well put together business plan and present them numbers like others have told me.
I've come up with many ideas and asked "daddy" for his money and he shot them all down. Except for this one because I have some experience in the field and did my research and he sees how it can work. He's said I have to get the shite together for him then he'll pass it along to the right people.
out of all the things you listed im lacking experience in, commercial realestate is the only one and I'm asking for help on BP but have it mostly done. but these people he's mentioning have to tools and assets available. Plus my "daddy" has experience in owning and operating businesses and again can put me in contact with the people and tools necessary.
I know it sounds cocky but it's pretty fricking foolproof. And back to your comments about running a business. The people running the only other competition are completely incompetent and if they can do it and be successful I can do it and do it way better
Haha I'll mention it again because you felt the need to bring it up so much but I have seen countless business be run by complete morons and losers that could operate 100 times better with anyone else. This shite isn't impossible
I've come up with many ideas and asked "daddy" for his money and he shot them all down. Except for this one because I have some experience in the field and did my research and he sees how it can work. He's said I have to get the shite together for him then he'll pass it along to the right people.
out of all the things you listed im lacking experience in, commercial realestate is the only one and I'm asking for help on BP but have it mostly done. but these people he's mentioning have to tools and assets available. Plus my "daddy" has experience in owning and operating businesses and again can put me in contact with the people and tools necessary.
I know it sounds cocky but it's pretty fricking foolproof. And back to your comments about running a business. The people running the only other competition are completely incompetent and if they can do it and be successful I can do it and do it way better
Haha I'll mention it again because you felt the need to bring it up so much but I have seen countless business be run by complete morons and losers that could operate 100 times better with anyone else. This shite isn't impossible
Posted on 3/22/16 at 6:38 pm to stout
Not exactly. I think they wanted to do more and go bigger but couldn't get the funding because of scared investors. Which I understand, like I've said the startup cost and land are extremely high but it is what's needed to bring it to the level it could be at.
I'm just hoping to use them as an example. Showing the market is there and what they missed out on because of location and size. Plus like I said they manage it terribly and it could be so much better
I'm just hoping to use them as an example. Showing the market is there and what they missed out on because of location and size. Plus like I said they manage it terribly and it could be so much better
Posted on 3/22/16 at 7:11 pm to MLSter
Posted on 3/22/16 at 7:46 pm to BioBobcat
What's the over/under that this is the same dude that came to the MT pumping biotech stocks?
Posted on 3/22/16 at 8:23 pm to GFunk
I had forgotten about that guy. I looked up the price for BLUE and they were at $195 a share in May and now are at ~$45...
As for your question, I do not think that they are the same person, but they do have the same naive enthusiasm.
As for your question, I do not think that they are the same person, but they do have the same naive enthusiasm.
Posted on 3/22/16 at 8:31 pm to MLSter
No one is going to "donate" money to your for profit business. And if you can't write a competent business plan, you aren't going to convince anyone to invest. Sure, they might take you to lunch out of affection for daddy, but they're going to eye roll when you're not looking and laugh their asses off when they recount this story to their actual friends.
Posted on 3/22/16 at 8:52 pm to MLSter
No offense bro but I just went back through your posting history the past few weeks. This is the person you think is about to have mid 7 figures "donated," to you for a business.
- Banged a 33 year old married coworker at age 23. Made her pay for the hotel room. Definitely a sign one could point to re: your financial responsibility.
- Complained that you are working for family. Termed it a "fallback" job and openly whining about the fact that you can't quit. So you're wanting to open your own business-with other people's money of course-and then you'll quit. Man what a work ethic!
- Used your free time at a property you owned near state lands by screwing with ducks and spray painting armadillos for laughs.
Does this person sound as if it's someone who will be a successful entrepreneur of a multimillion dollar business?
- Banged a 33 year old married coworker at age 23. Made her pay for the hotel room. Definitely a sign one could point to re: your financial responsibility.
- Complained that you are working for family. Termed it a "fallback" job and openly whining about the fact that you can't quit. So you're wanting to open your own business-with other people's money of course-and then you'll quit. Man what a work ethic!
- Used your free time at a property you owned near state lands by screwing with ducks and spray painting armadillos for laughs.
Does this person sound as if it's someone who will be a successful entrepreneur of a multimillion dollar business?
Posted on 3/22/16 at 8:54 pm to GFunk
quote:
Used your free time at a property you owned near state lands by screwing with ducks and spray painting armadillos for laughs.
And it gets even better!
Posted on 3/22/16 at 9:08 pm to MLSter
quote:
The concept is proven in other markets. As usual LA and BR are just behind the curve.
There is always a reason why something is not in a particular location, and it is never because no one has thought of it. You need to answer the question of why it is not already in LA and BR.
Posted on 3/23/16 at 12:12 am to MLSter
quote:
MLSter
Brehh,
I've launched two businesses in the last 2 years and let me tell you this: No amount of research or money (donated or otherwise) will prepare you for the owning and successfully running your own business. If you can't figure out how to write a business plan with the wide variety of information easily available on the internet WITHOUT consulting an LSU message board, you don't have what it takes to get a business off the ground. Granted, the posters here raised some fantastic questions that will need to be answered before someone donates (read: loans) you the start up cash you need. Most of your responses seemed defensive that someone else would shoot holes in your "foolproof" business idea.
I'm not just going to jump down your throat about being a naive entrepreneur. My advice is to be sure you cover everything you can think of without being too lengthy in your business plan. Everything from Employees to Permits, Insurance to Marketing, even location and the competition. Here's a link to a business plan worksheet. It may be a little more detailed than you need, but it will make sure you've got almost every question you need to cover regarding your business model for your investors.
Posted on 3/23/16 at 6:03 am to GFunk
Haha yeah I've lived a pretty sweet life. I'll tell the story about raccoon hunting later.
As for wanting to quit my current job. And it already being my fallback because it's family. I was more or less meaning why quit working for family with out anything to go into it just doesn't look good and why would they want you back
And for the poor work ethic. I'm currently running a job in Enid Fricking Oklahoma. This place is depressing and a shite hole. That's why I want to quit. I was fine when I was set up in BR. I obviously won't actually quit.
And the reason it doesn't exist here is because of the tons of money needed upfront and it's hard to convince people to put it up. Which is why I came looking to see if anyone could help or tell me about programs offered that can help make my pitch better
And thanks to the guy who said he's opened a couple business. When writing my BP I felt like I was putting to much in it. I've read where you don't want to put to much in it but at the same time you need to discuss everything. I think my problem was talking about to much of the setup of some of the service and need to focus more on the money not how the services will be orginize. If that's makes since
As for wanting to quit my current job. And it already being my fallback because it's family. I was more or less meaning why quit working for family with out anything to go into it just doesn't look good and why would they want you back
And for the poor work ethic. I'm currently running a job in Enid Fricking Oklahoma. This place is depressing and a shite hole. That's why I want to quit. I was fine when I was set up in BR. I obviously won't actually quit.
And the reason it doesn't exist here is because of the tons of money needed upfront and it's hard to convince people to put it up. Which is why I came looking to see if anyone could help or tell me about programs offered that can help make my pitch better
And thanks to the guy who said he's opened a couple business. When writing my BP I felt like I was putting to much in it. I've read where you don't want to put to much in it but at the same time you need to discuss everything. I think my problem was talking about to much of the setup of some of the service and need to focus more on the money not how the services will be orginize. If that's makes since
Posted on 3/23/16 at 6:11 am to MLSter
quote:
Haha yeah I've lived a pretty sweet life. I'll tell the story about raccoon hunting later.
quote:
MLSter
Good luck, Bro. I'm sure you've got a beautiful future.
Posted on 3/23/16 at 7:53 am to GFunk
There should be a test or some criteria to post on the money board. It can be a great way to share information. Then there's the OP and this thread. 
Posted on 3/23/16 at 8:18 am to VABuckeye
You could have contributed something. Others have helped and some made me double check some things and brought up some good points.
Posted on 3/23/16 at 8:46 am to MLSter
quote:
I honestly don't see it flopping. At all. There is a demand and very very limited supply. In fact there is currently one other company providing the service but they missed the opportunity to corner the market and meet the demand. This is where I will slide in. Knock them out and be the sole provider for BR and surrounding areas.
said everyone ever. This thread has potential.Posted on 3/23/16 at 8:55 am to MLSter
quote:
MLSter
quote:
You could have contributed something. Others have helped and some made me double check some things and brought up some good points.
Several folks have tried. Go back and look at what you've told them. You're 24 going on 54 Bud.
But please...don't let us bother you anymore. Keep living the dream and prepping for this multi-million dollar business idea.
We should probably let you get back to networking using the OT Lounge to find people involved with Hangout Fest down on the Gulf Coast of Alabama so your company can start a business relationship providing scaffolding for them so you can simply score VIP access tickets.
Don't be deterred bro. Keep your feet on the ground, and keep reaching for the Stars!
This post was edited on 3/23/16 at 8:56 am
Posted on 3/23/16 at 8:57 am to MLSter
Why don't you work and save $500,000 or so and then maybe you'd be able to ask for $6 million with a straight face?
Because based on your posts in this thread so far, you're more likely to end up on the autism spectrum than with $6 million of other people's money.
Because based on your posts in this thread so far, you're more likely to end up on the autism spectrum than with $6 million of other people's money.
This post was edited on 3/23/16 at 8:59 am
Posted on 3/23/16 at 9:04 am to boosiebadazz
Not to mention, people who have $8-10 million laying around to donate to people, also have the connections (and ruthlessness) to steal your "foolproof" idea and hire more experienced people to run it.
Also - what makes you think you will take donations that big and be your own boss? Thus bringing you back to your current state where your "fallback" is to be working for a family business. In short: If you take $8-10MM in donations, you are still in the family business. Doesn't sound like you want that.
Also - what makes you think you will take donations that big and be your own boss? Thus bringing you back to your current state where your "fallback" is to be working for a family business. In short: If you take $8-10MM in donations, you are still in the family business. Doesn't sound like you want that.
Page 2 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News