Many people have asked me if buying an existing shop is a good idea. I have actually looked at many shops for sale but the biggest issue I always see is that most owners think their shop is worth two or three times more than it actually is. The reason for this phenomenon is that we become emotionally attached to our stores. That is not a bad thing, as it normally keeps us in check.
Blended families are just like any other family when it comes to seeing and getting autographs from famous celebrities. One Charleston blended family got a real treat this weekend when they got to hang out with the Atlanta Falcons. The Falcons were in town to do some training this weekend.
Half way through a business trip, I’ve just left Amsterdam after yet another couple day “field research” trip – one of a number I’ve made to the City of All Delights over the last few years. I’ve had the opportunity to do research in many cities I’ve been to over the years, but probably none as in depth as the beautiful home of Van Gogh. It’s a city full of canals and houseboats, bicycles, tulips and souvenir wooden shoes. Old men playing chess in the plaza with 2′ tall Kings. Museums. Parks. Windmills. Prostitutes. Water taxis and trolleys.
,000 divided by 3 = ,000 divided by 12 = 80 (approx). This is what should be spent monthly, P&I (principle and interest) on debt service. This does not include the down payment recoup, which should come out of the buyer’s pre-tax discretionary cash flow AFTER debt service. As a buyer, getting the down payment back should take 12-24 months based on the business growth and future potential. So say that your final sales price is 0k. The buyer should recoup k down payment within 24 months via the discretionary cash flow.
When trying to build a savings, every bit you put it in can help. Instead of dropping by a coffee shop, make your own in the mornings. You could be saving 00 a year with a simple change. You can save money by taking the bus to work instead of driving. You might save a couple hundred a month. All this extra money you spend can add, instead put it towards retirement, or some other investment that will help make you more money. That will help you out a lot more than the store-bought cup of joe.
Second, there are places where you can upload video reviews of products. These are great, you get paid for the review itself, plus you can make money today from the page views that each video receives. This is definitely worth a mention because in just a few minutes a day you can make a lot of money by the end of the month. This is definitely worth of being on our 5 ways to make money online list.
One of the most difficult things for people to start feeling is love and respect for oneself. This is not about arrogance or selfishness; those thoughts were placed there by others when you were too young to filter their short-falls for yourself. How do you expect anyone to love you if you transmit lack of love and respect for yourself?
One of the biggest revenue builders for you is going to be the sale of whole bean coffee as well as your coffee beverages. Make a big deal to your customers about what they’re drinking and give them tips and tricks for brewing the same beans at home. This might mean they’ll skip a few trips to your store, but a bag of beans costs way more than their three cups of coffee for the week. Most times customers will spend more on whole bean coffee if they get hooked, or introduce it to their office. All great opportunities.