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jake_j_m
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Join date: Mar 2008
Posts: 3329

@DN: Wow, that is amazing for a 26 your old. Got any business books that inspired you or were just born awesome?

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krazykoukides
Level 1

Join date: May 2008
Posts: 1440

For those of you who have owned businesses and made a decent living from them:

Would you suggest getting an education in business management or something similar?

or would you value work experience in your business niche over a formal business education?

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HoustonGuy
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Join date: Jul 2011
Posts: 7255

krazykoukides wrote:
For those of you who have owned businesses and made a decent living from them:

Would you suggest getting an education in business management or something similar?

or would you value work experience in your business niche over a formal business education?


I have an MBA, which I earned before entrepreneurship, so I couldn't compare education vs. no education but experience would be needed for sure.

I think a BS business degree at the least is useful, understanding basic financial and accounting processes and business function in general certainly doesn't hurt, plus you have access to a large and generally successful network to tap in to for advice, support and connections.

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BobParr
Level 3

Join date: Mar 2008
Posts: 1479

I'm self-employed for the time being. I work as a writer, editor and (sometimes) marketing consultant.

Krazykoukides, to answer your question -- it depends on the nature of the business. In my case I do creative work, and that's not the sort of thing that MBA programs have in mind. Sure, you need some business management skills regardless, but you can pick them up easily enough through experience and self-study. I don't think the cost/benefit would be there for someone in a field like mine or Iron Dwarf's to pursue a formal business degree.

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kaisermetal
Level 1

Join date: Jul 2006
Posts: 3748

jake_j_m wrote:
@DN: Wow, that is amazing for a 26 your old. Got any business books that inspired you or were just born awesome?

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roon12
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Join date: Jan 2011
Posts: 241

BobParr wrote:
(sometimes) marketing consultant.


Would you mind sharing how you got into this field, and any advice you have on starting out.

I'm in the same position as Jake, just about to finish university and have no clear idea on what I want to do, other than the 9-5 grind does not sound appealing.

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Marzouk
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Join date: Jul 2009
Posts: 3209

DarkNinjaa wrote:
I'm 26. Been in the BDSM business since age 19. Made a few millions by selling my very first company at 22. I own a couple of fitness modelling agencies and a porn/BDSM site, I model too and I'm a strength and conditioning coach.

Money is good. Never will have to worry about my old days. I can retire any time Id like to but, I just like working a lot..and make shit load of money....


Hmm i don't know if this is an elaborate story or not lol?

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Marzouk
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Join date: Jul 2009
Posts: 3209

Just had a meeting with a possible investor in my new website, guy is connected as fuck and has the money.

He made a good point about company %.

He wants 40% for the money he's going to front.

But he said he can really help us out, and why have a huge percentage of business thats could easily fail when you could have a little less of a company that could be huge.

Any ideas?

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HoustonGuy
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Join date: Jul 2011
Posts: 7255

Marzouk wrote:
Just had a meeting with a possible investor in my new website, guy is connected as fuck and has the money.

He made a good point about company %.

He wants 40% for the money he's going to front.

But he said he can really help us out, and why have a huge percentage of business thats could easily fail when you could have a little less of a company that could be huge.

Any ideas?

If this is cartel shit, remember OPEC. That is all.

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Marzouk
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Join date: Jul 2009
Posts: 3209

HoustonGuy wrote:
Marzouk wrote:
Just had a meeting with a possible investor in my new website, guy is connected as fuck and has the money.

He made a good point about company %.

He wants 40% for the money he's going to front.

But he said he can really help us out, and why have a huge percentage of business thats could easily fail when you could have a little less of a company that could be huge.

Any ideas?

If this is cartel shit, remember OPEC. That is all.


Cartel shit would have a lot more financial potential lol!

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StevenF
Level 4

Join date: Feb 2003
Posts: 4353

I have some solid ideas but for some reason I am afraid to take the leap. What can I do to make myself get out of my comfort zone? It pisses me off but not enough to make me go after it. I have 2 kids to worry about so that definitely is a factor. Anyone else in my position?

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HoustonGuy
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Join date: Jul 2011
Posts: 7255

StevenF wrote:
I have some solid ideas but for some reason I am afraid to take the leap. What can I do to make myself get out of my comfort zone? It pisses me off but not enough to make me go after it. I have 2 kids to worry about so that definitely is a factor. Anyone else in my position?

It's most likely run of the mill performance anxiety and a fear of failure aggravated by external responsibilities.

Assuming you've done research and projected success in your ideas and are not just flying by the seat of your pants, take a note from John Wayne, "Courage is feeling the fear but saddling up anyways."

Or Nike, "Just do it".

If you fail, you can always get another job.

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HoustonGuy
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Join date: Jul 2011
Posts: 7255

Also, StevenF, check out "People Are Idiots And I Can Prove It" by Larry Winget.


Yes, it is a self help style "business" book like any other but I think he gives some good perspective for fence sitters.

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DarkNinjaa
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Join date: Feb 2011
Posts: 5422

jake_j_m wrote:
@DN: Wow, that is amazing for a 26 your old. Got any business books that inspired you or were just born awesome?



Nah, I wasn't born awesome. Sex sells and I just took advantage of it.

As for my first business, I created a website just for fun and a competitor got nervous and wanted me out of the way.

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DarkNinjaa
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Join date: Feb 2011
Posts: 5422

Marzouk wrote:
DarkNinjaa wrote:
I'm 26. Been in the BDSM business since age 19. Made a few millions by selling my very first company at 22. I own a couple of fitness modelling agencies and a porn/BDSM site, I model too and I'm a strength and conditioning coach.

Money is good. Never will have to worry about my old days. I can retire any time Id like to but, I just like working a lot..and make shit load of money....


Hmm i don't know if this is an elaborate story or not lol?


Sorry. I kept it short.

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four60
Level 1

Join date: May 2006
Posts: 7341

DarkNinjaa wrote:
jake_j_m wrote:
@DN: Wow, that is amazing for a 26 your old. Got any business books that inspired you or were just born awesome?



Nah, I wasn't born awesome. Sex sells and I just took advantage of it.

As for my first business, I created a website just for fun and a competitor got nervous and wanted me out of the way.


OH-REEL-EE....Hmmmmm, Time to put on my Detective hat. And scan the web. No worries, I keep secrets like the dead.

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DarkNinjaa
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Join date: Feb 2011
Posts: 5422

four60 wrote:

OH-REEL-EE....Hmmmmm, Time to put on my Detective hat. And scan the web. No worries, I keep secrets like the dead.


Teeheeeee...

Happy hunting.

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HoustonGuy
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Join date: Jul 2011
Posts: 7255

Marzouk wrote:
HoustonGuy wrote:
Marzouk wrote:
Just had a meeting with a possible investor in my new website, guy is connected as fuck and has the money.

He made a good point about company %.

He wants 40% for the money he's going to front.

But he said he can really help us out, and why have a huge percentage of business thats could easily fail when you could have a little less of a company that could be huge.

Any ideas?

If this is cartel shit, remember OPEC. That is all.


Cartel shit would have a lot more financial potential lol!

Do you project failure? If not, what purpose would he serve?

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Marzouk
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Join date: Jul 2009
Posts: 3209

HoustonGuy wrote:
Marzouk wrote:
HoustonGuy wrote:
Marzouk wrote:
Just had a meeting with a possible investor in my new website, guy is connected as fuck and has the money.

He made a good point about company %.

He wants 40% for the money he's going to front.

But he said he can really help us out, and why have a huge percentage of business thats could easily fail when you could have a little less of a company that could be huge.

Any ideas?

If this is cartel shit, remember OPEC. That is all.


Cartel shit would have a lot more financial potential lol!

Do you project failure? If not, what purpose would he serve?


Definitely no projecting failure... but shifting a few hundred kilos of heroine is serious money lol.

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HoustonGuy
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Join date: Jul 2011
Posts: 7255

Marzouk wrote:
HoustonGuy wrote:
Marzouk wrote:
HoustonGuy wrote:
Marzouk wrote:
Just had a meeting with a possible investor in my new website, guy is connected as fuck and has the money.

He made a good point about company %.

He wants 40% for the money he's going to front.

But he said he can really help us out, and why have a huge percentage of business thats could easily fail when you could have a little less of a company that could be huge.

Any ideas?

If this is cartel shit, remember OPEC. That is all.


Cartel shit would have a lot more financial potential lol!

Do you project failure? If not, what purpose would he serve?


Definitely no projecting failure... but shifting a few hundred kilos of heroine is serious money lol.

Sounds like an interesting new polymer.

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