Opening a new business

[Havoc Powesports]

land leases to purchase. tractor supplies, Doller Generals, etc.
Storage Units (my brother is a sales rep for a company if needed hint hint).
Rv Park.

 

[Riverbound]

Service plumbing

Ditto. Our PLMG division is Killing it.

 

[JUSTWANNARACE]

The disciples and weed practitioners that push the glories of cannabis but have been hit with the bong waaaaay too many times and have absolutely no business acumen or common sense. Some were good people, some had great products, some had good processes, some had good black market businesses and all had the belief that weed was god. Unfortunately they were the majority when things were opened up here

And this is a common misconception of people that have no experience.. it's like getting information from the main stream media!! Dont make assumptions without known self information. It's almost like all the anti-gun activist. They actually dont understand the truth!!


I could sit here and explain the benefits of THC and CBD. But it would be like trying to explain 2A to a gun grabber..

 

[RandyH]

Bomb Shelters , walk in Vault remodels.

 

[Done-it-again]

Service plumbing

I know a guy who closed his commercial pluming business in Upland... Dude made a killing and did very very well for him and his family.

If I knew that industry I would have been game.... At the same time, he didn't want someone else to own his company he and his wife built.

 

[beerrun]

Indoor RV storage with sewer dump propane and detailing also icefor sale

 

[Canuck 1]

And this is a common misconception of people that have no experience.. it's like getting information from the main stream media!! Dont make assumptions without known self information. It's almost like all the anti-gun activist. They actually dont understand the truth!!


I could sit here and explain the benefits of THC and CBD. But it would be like trying to explain 2A to a gun grabber..

Not a misconception. The point you are missing is that we were one of the first companies open when it became legal, I am not getting into the benefits or negatives of thc or cbd just the people who worship the product.

 

[pixrthis]

Gun store

 

[propcheck]

Semiconductor /microchip manufacturing company would be my choice.

 

[JUSTWANNARACE]

Not a misconception. The point you are missing is that we were one of the first companies open when it became legal, I am not getting into the benefits or negatives of thc or cbd just the people who worship the product.

Maybe I used the wrong word with "misconception" I should have used "stereotyping". If you knew the people that benefit from it on a daily basis keeping them from the "vise" of "big pharma" maybe you could possibly open your mind to "therapeutics".

Man made pills, God made Pot! God may not be perfect, but man is definitely not!

I'm not arguing with you. But "actual" information is out there. Funny thing is, I have had people argue my stand on pot, as they stand there and try and debate with a cigarette in one hand and a beer the other hand!

 

[Riverryder]

Build a boat shop in LHC that has AC haha

 

[Vib]

If you were to open or purchase an existing business right now, what would it be? Literally anything other than a food franchise.

RV Park in Utah lol

 

[rivrrts429]

Self Serve Carwash’s or storage facilities (not the Havasu boat storage type).

 

[Skinny Tire AH]

Self Serve Carwash’s or storage facilities (not the Havasu boat storage type).

I have two friends in the hunting world that own car washes. These guys are flush. Weiss guys here in Phoenix has been a customer for 30 years. The owner there long since quit coming to work. Great people.

But yea, Car Wash is spelled Cash Machine.

 

[D19]

Self Serve Carwash’s or storage facilities (not the Havasu boat storage type).

Both companies that make a lot of money but I just do not understand the logic behind the consumer. Lol

Pay money to store stuff that should just probably be thrown away.

Pump $10 worth of quarters to use a pressure washer and vacuum and still have to supply your own cleaning stuff and labor. For another $10 you can watch someone else do it.

 

[J DUNN]

What's the problem with a franchise? We have been looking into a couple options to invest in.

Agreed. #1 gross sales for a Crumbl franchise was in Indiana and they hit that #1 for many months in a row. If I were to do food I would seriously look at Crumbl or Baskin Robbins. Crumbl worries me though about being trendy, may turn into a pump and dump.

 

[rivrrts429]

I have two friends in the hunting world that own car washes. These guys are flush. Weiss guys here in Phoenix has been a customer for 30 years. The owner there long since quit coming to work. Great people.

But yea, Car Wash is spelled Cash Machine.

I have customers who own both. The car wash customer it’s his play money and there’s a lot of it. The storage unit customer builds and owns them. Guy has unobtanium dollars. They’ve both asked me to jump on board and buy-in. I’m getting close.

 

[evantwheeler]

I have customers who own both. The car wash customer it’s his play money and there’s a lot of it. The storage unit customer builds and owns them. Guy has unobtanium dollars. They’ve both asked me to jump on board and buy-in. I’m getting close.

If they have so much money and are so successful, why do they need someone to buy in? The only reason I would want a partner in a business, would be to do the work I didn't want to do, and that wouldn't really make us partners.....

 

[rivrrts429]

Both companies that make a lot of money but I just do not understand the logic behind the consumer. Lol

Pay money to store stuff that should just probably be thrown away.

Pump $10 worth of quarters to use a pressure washer and vacuum and still have to supply your own cleaning stuff and labor. For another $10 you can watch someone else do it.

It’s a high demand low availability business model. Lots, and I mean a shit ton, of people operate their businesses out of them. Especially in high density urban areas where housing is a premium and storage, like residential garage space, is a minimum.

The internet has actually driven demand exponentially because now a lot of people can operate a business from home but use the flooring space for their product by renting storage space.

 

[Orange Juice]

If you were to open or purchase an existing business right now, what would it be? Literally anything other than a food franchise.

Nothing that requires employees.

 

[rivrrts429]

If they have so much money and are so successful, why do they need someone to buy in? The only reason I would want a partner in a business, would be to do the work I didn't want to do, and that wouldn't really make us partners.....

I’m a critical piece to their building side of the biz. He wouldn’t ask you to buy in. This is a biz that he solely owns and has actually helped a couple people through the years get started.

.

 

[C-Ya]

If you have any sort of creativity whatsoever……… Produce Large Art as a business.

Art is the only product in which you can invest a little and make a lot. Typical business margins don’t exist.

If you go to Aaron Bros, Target, Hobby Lobby, Etc, there is a limit to the size of a picture/Art piece you can purchase, generally it has to fit in a car. You can’t purchase a 4’ by 8’ piece of Art or anything close to that.

More Americans have larger interior walls than ever before. My wife and I could not find large Art, so we went to Home Depot and purchased 2, 4’x6’ sheets of high grade plywood, then made a frame around out side that gave the illusion of the sheets being 5” thick. We then used multiple colors to give a modern look, that highlighted our home interior. Most people, if asked, would think we paid thousands for this, since it is a total of 14’ long on the wall. Looks professional. We spent approx $70 total, then spent several days layering the colors. We could sell it for thousands! We have often thought that if we did not have our current gigs, that this would be a fun business to own. We certainly like the profit margins.

The key is to build a website that catalogs previous work. Therefore, you don’t make the Art piece until it has been ordered. There’s no shame in stealing art ideas too!

If the Art does not leave in a box truck…….. it’s not big enough!

In our last home, we made a 7’ wide by 8’ high, Snakeskin Leather headboard with backlighting. We invested $300. The new homeowner bought it from us for 3k. She loved it!

 

[wallnutz]

Boat storage with fuel / launch / service concierge on the river.
Ballers - take a number

25 years ago the boss I was working for got an offer to buy 16 acres close to Lake Pleasant in Phoenix for pennies on the dollar. I didn't really have any $$ to help invest at the time, but told him to buy it and I would work my ass off to build a boat storage with gas, detailing and trailer repair and he could help or sell it to me down the road. Even had a guy willing to do the fuel station. He passed on the deal, someone bought the property (I believe it was the Baptist Foundation) and nothing has ever been built on it. Probably worth 20 times or more for what he could have bought it for.
If I could find the right piece of land now I would do it in a heartbeat, only now I have better plans.

 

[lbhsbz]

Something that requires only your services, and no goods. Acquisition of goods is a problem right now, and if your business depends on suppliers, you may be in a world of hurt. If your business just depends on you and your brain, you'll probably be in good shape

 

[Orange Juice]

Something that requires only your services, and no goods. Acquisition of goods is a problem right now, and if your business depends on suppliers, you may be in a world of hurt. If your business just depends on you and your brain, you'll probably be in good shape

1099 employees live better lives.

 

[Done-it-again]

1099 employees live better lives.

Just be carful if you employ them full time.

 

[CoolCruzin]

Boat mfg !
But for reals I l know a machine shop for sell
And have their own product line .

 

[WhatExit?]

Sales as in business-to-business sales - professional, work from home sales with base pay, commission, bonus and benefits.

Also, buy a piece of property in a vacation area, run some power, septic, water and call it an RV park (as has been detailed here by someone up in Utah who did it). I've thought about doing it here. You can run the numbers based on sites booked per year to check the value

 

[riverroyal]

Nudie bar havasu

 

[HTTP404]

If you have any sort of creativity whatsoever……… Produce Large Art as a business.

Art is the only product in which you can invest a little and make a lot. Typical business margins don’t exist.

If you go to Aaron Bros, Target, Hobby Lobby, Etc, there is a limit to the size of a picture/Art piece you can purchase, generally it has to fit in a car. You can’t purchase a 4’ by 8’ piece of Art or anything close to that.

More Americans have larger interior walls than ever before. My wife and I could not find large Art, so we went to Home Depot and purchased 2, 4’x6’ sheets of high grade plywood, then made a frame around out side that gave the illusion of the sheets being 5” thick. We then used multiple colors to give a modern look, that highlighted our home interior. Most people, if asked, would think we paid thousands for this, since it is a total of 14’ long on the wall. Looks professional. We spent approx $70 total, then spent several days layering the colors. We could sell it for thousands! We have often thought that if we did not have our current gigs, that this would be a fun business to own. We certainly like the profit margins.

The key is to build a website that catalogs previous work. Therefore, you don’t make the Art piece until it has been ordered. There’s no shame in stealing art ideas too!

If the Art does not leave in a box truck…….. it’s not big enough!

In our last home, we made a 7’ wide by 8’ high, Snakeskin Leather headboard with backlighting. We invested $300. The new homeowner bought it from us for 3k. She loved it!

Got any pics of that?

 

[WYRD]

I would start selling books online and eventually expand into hosting an online market place where vendors can sell there products. After that who knows maybe dabble in the entertainment industry or perhaps space travel?

 

[monkeyswrench]

I would start selling books online and eventually expand into hosting an online market place where vendors can sell there products. After that who knows maybe dabble in the entertainment industry or perhaps space travel?

After you finish building that time machine?

 

[WYRD]

After you finish building that time machine?

Well if I had that I wouldn't need the online gig now would I?

 

[monkeyswrench]

Well if I had that I wouldn't need the online gig now would I?

Then it remains to be seen...Orson Wells, or Doc Brown?
Hell, I just want to turn back the clock 2 years. If I'd have known things were going to be this messed up, wouldn't have been so well behaved at the counter protests!

 

[Boatymcboatface]

I like in this order.

1.Tree service landscape management
2.plumbing
3.Vacation style RV park (this is the one I like the most but would cost the most upfront and I have a great location and idea for one)

Also high on list is long term mobile home park (not the shity ones of the 10 in banning but the ones with little 9 hole golf courses and old fart pickle ball!) I know a few very rich people that own them.

 

[NicPaus]

Plumbing service always will have work through a downturn in economy. If there was more time in the day I would focus more on a second dedicated division for it. I have 1 Plumbing van but it sits alot as we are slammed with work. Have work lined up for the next year or 2. Can't take on much more as everyone is slammed and can't sub it out.

 

[Singleton]

1099 employees live better lives.

Outside of CA = yes. With all the CA BS laws, qualifying as a 1099 is a PIA.

 

[hallett21]

Outside of CA = yes. With all the CA BS laws, qualifying as a 1099 is a PIA.

My CPA in-laws said that by this year or next you basically have to be incorporated or be an employee in CA. They say that’s all CA “wants”

 

[caribbean20]

Depending on location, something in the self storage business. On the few occasions I’ve ever used them, they all seemed to be at or near capacity. With housing prices continuing to rise, many people need to downsize but need extra room for their stuff. I dunno, just spitballing here.

Here in the Denver area, RV condos seem to be hot now. Like owning a condo only for your RV stuff. A friend has a deposit down on a new construction. Spending about $400K for his unit, and the development is sold out.

 

[RiverDave]

Nudie bar havasu

City won’t allow it..

 

[BassLakeCruiser]

Laundromat. Lower income or ag area?

 

[Done-it-again]

My CPA in-laws said that by this year or next you basically have to be incorporated or be an employee in CA. They say that’s all CA “wants”

Our business neighbor got nailed from doing this a couple of years ago.... Had a 1099 guy for many many years and kept him employed full time. Not sure what they ended up citing him for but had to pay around 60-80k.

 

[hallett21]

Ouch

Our business neighbor got nailed from doing this a couple of years ago.... Had a 1099 guy for many many years and kept him employed full time. Not sure what they ended up citing him for but had to pay around 60-80k.

 

[Done-it-again]

Ouch

The issues is, if the 1099 guy only shows 1 1099 year after year then its a red flag.... If said guy has multiple (more the better) then it doesn't show that he's full time with 1 business.

 

[Mandelon]

A family friend owns two Bright Star franchises. A home medical care business. They just bought ba multimillion dollar home in Vegas. They are killing it with that model.

 

[Meaney77]

Indoor Boat and RV Storage with concierge service.

Elderly Care- Purchase a home and fill it patients and a nurse. Monthly elderly care isnt cheap and a few patients would easily cover mortgage, staffing, food, etc...

Mobile Auto Maintenance/ Fleet Service- (basic service) dropping you car off to get the oil changed, tires rotated is a hassle. Need to take time away from work/family to drop car off and then need to get a ride back etc... Would be nice to have a service come to your house and do the work for you.

 

[brendellajet]

Weed at the wholesale level is starting to fall off. Not a good time in my opinion to be getting into that at this level. There are alot of established companies here in Oregon that are seeing the drop and are worrying about the future. The market is flooded and peeps are damb near giving shit away. 5yrs ago, yes set your shit up and watch the $ flow. But to get in at this point is going to he tough if your name is not established.

I think most people are going back to buying unregulated weed. The shit being sold at dispensaries is loaded with pesticides.

 

[Waterjunky]

I think most people are going back to buying unregulated weed. The shit being sold at dispensaries is loaded with pesticides.

Yea, the unregulated is even worse. Trust me on this. Unless you truly know the grower through the entire process. If you are buying from your neighbor who is the actual grower, you might be okay. The lions share is still raised large scale and is off the hook crazy with what is used.

 

[JUSTWANNARACE]

I think most people are going back to buying unregulated weed. The shit being sold at dispensaries is loaded with pesticides.

I'm not sure how it works in other states. But the pesticide situation is not an issue in oregon. The weed it heavily test for pesticides, bugs, chemicals, thc and CBD. Its actually a pretty extensive process. Commercial growers are not using "pesticides" they use essential oils and extracts. If it test positive at all for any pesticide the batch # is rejected and that batch has to be destroyed. I just sat around a 26lb burn a couple months ago because it tested + for pesticide by .001..

 

[Canuck 1]

I'm not sure how it works in other states. But the pesticide situation is not an issue in oregon. The weed it heavily test for pesticides, bugs, chemicals, thc and CBD. Its actually a pretty extensive process. Commercial growers are not using "pesticides" they use essential oils and extracts. If it test positive at all for any pesticide the batch # is rejected and that batch has to be destroyed. I just sat around a 26lb burn a couple months ago because it tested + for pesticide by .001..

Tested here as well