I work as a dog walker and my boss just can’t seem to find competent people willing to work. Everyone just disappears these days

09 employees is what I call fully staffed

After years of hard-work staggering 09 employees, and her parents working for her.. What an achievement!!! And guess what, tomorrow when her business goes down, she can go to any large corporate business and get herself a job like "VP of dog walking at Barclays" and retire at the proper age and might even become a philanthropist!!

@@ArslanMajeedLol. Your comment drips with jealousy. You poor troll. And I do mean poor. You probably can’t afford a dog. Do you even have dogs in Pakistan or wherever you’re from?

@@is2jzge 09 is obviously a typo for 90. However, every business has its unicorns. She's a unicorn.

Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

Not at all, having monitor edge my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.

@@hasede-lg9hj Please pardon me, who guides you on the process of it all?

The adviser I'm in touch with is Vivian Carol Gioia. You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on.

So has my father. Your customers are loyal and they rely on you. I think it's a bit like cigarettes - they need you, they're happy to pay for you and they tend to stick with you.

It all depends on ones mindset regarding personal drivers and ambition too; not everyone wants to be a billionaire in X amount of time-some folk just want enough money so that they can pay all their bills and have enough disposable income to do their hobbies and have a healthy amount of personal down time. Personally, If I had a disposable income of around £2-3K I could do anything I realistically wanted which is namely, childcare cover, martial arts, Scuba Diving, Bushcraft training, 1 holiday abroad a year.

That’s his point… a great job… just not a great business. Very difficult to sell it… *you* are what people are buying… and good on you for that… proves trust etc… but if you broke your hip and are on the bed for 6 months… your business needs to be able to support both you and the person who you employ to run it… they better be as good or better than you because your business success relies solely on them! I had a business that folders for exactly this reason. I bought in a contractor to look after my business clients while I went on a month holiday… the guy I bought in I thought was reliable… turns out… not! Cost me to train him up (had to pay him while I worked with him)… etc. people wanted me and my skills, not him and his less-skilful babysitting… so they went elsewhere. I realised… I could never sell my business so sold my clients to another person and went and got another job. Loved working for myself… but the wrong business model to retire on.

Your strategy is different. The dog walking effectively is marketing higher-value services too. That is helpful to pet owners.

Good for you! But his points are still fully valid!

Exactly. This is unfortunately very true.

I’m a hobby mechanic. I’ve taught myself pretty much all about car repair/maintenance. Even full engine rebuilds. I am ready to open my own garage. Will I also last a year or two? I’m passionate about people avoiding being ripped off and having fair pricing. Is that a solid foundation for business?

@@likhwadube5937 if by fair pricing, you mean you'll be cheaper than the competition, then you've got to ask yourself truthfully if that is going to be sustainable. The trouble with passion projects, is once the pressure of having to balance the finances kicks in, it can actually take the shine off the hobby you used to enjoy.

@@likhwadube5937 Car repair is extremely expensive on modern cars as you need a lot of computerized diagnostics & programming tools with expensive subscriptions. I would strongly suggest you focus on a particular make and year range. Also, generic services (oil changes, tires, etc) have much, much higher margins than actual repair and are repeat customers. Finally, learn to turn down work and make customers pay for diagnostics work, with a high enough fee to discourage problem customers. You should also consider being mobile or specializing in a specific area (electrical diagnostics, AC repair, etc) for existing garages. How do I know all this? I restore old cars for fun but I also share a shop with a professional mechanic, so I've learned this over the last 20 or so years.

@@likhwadube5937no

So in summary, the "servicing" and "entertainment" sectors are the industries to avoid. Better find a SKILLED profession.

Another key takeaway is owning the customer data

@@trivadpt Learn to repair something and you have a good future.

@@llothar68 teach me then.

@@trivadpt 10years learning by doing. If you think you can learn it online it's not a skill

Thanks! Glad you liked it, check out the rest of the Channel! There’s plenty more where this came from.

@@JamesSinclairEntrepreneur James do you think people starting businesses should always stick to areas that they know or experiment?

​@@VincentRE79 as an accountant, I'd say it depends on how you plan to find it. If you can manage to get sufficient funding by raising capital on new business ideas you can give them a try. However, if you are self funded and don't have much money to spare, a low risk approach will be a more realistic choice. You'll have to assess if what you know can make you enough money to cover for your initial capital and ongoing costs.

@@JamesSinclairEntrepreneurThank you too- I was wary it would be one of those “get rich quick “ videos but you do make a lot of sense.

It was excellent

Ah, this explains why all businesses and contractors seem to suck nowadays! Sounds like they’re all fly-by-night, and inexperienced. I would gladly pay for someone experienced who knows what he’s doing and doesn’t break stuff on his way through

@@Emiliapocalypse Sad but true.

Some yahoo canvasses my neighborhood about every 6 months on a segue. Told him I do just fine with a pump sprayer and Spectracide.

Makes you wonder where the future if business in general will be when everything is saturated. It's depressing

My number one fear is clowns. Do you spray for clowns?

"His daughter is going to buy him out when he fully retires" He's not gonna just give it to her? What a cheap bastard...

@@foljs5858 it’s his retirement plan , she’s gonna be just fine 👍

Maybe the daughter wants to pay???

Maybe he wants some money for retirement?

​@@foljs5858You give more value to something you paid for, rather than something you received for Free.

Best comment here without likes. The people don't want to here the true.

How about farming?Young people generally get degrees and work in cities.Yeah farming is hard but once you get into it,can be quite profitable as I know.

@@Polymath9000 Absolutely, you bring up a valid point about the trend of young people pursuing degrees and urban careers. However, the agriculture sector, especially farming, presents an intriguing opportunity that can be both challenging and rewarding. As you mentioned, once young individuals venture into farming and navigate its demands, it has the potential to be profitable, highlighting the significance of exploring diverse industries beyond traditional urban pathways.

@@Polymath9000 farmers are mostly struggling, living off animals' carcasses is highly karmic

What about Tourism?

I had a similar story on Etsy. Zero customer service, nobody to help, business dead overnight.

​@@chaosflower4892surely the lesson learnt there was not adapting ? Maybe he should have transitioned to online as the high st became threatened

@@chaosflower4892LMAO! 😂😂😂😂😂😂 90% of your comment was very balanced and insightful, then the last 4 lines became incredibly unhinged 😂😂😂 I do see your point and I agree though

EBay can ruin someone livelihood over night , for no fair reason !

Brilliant and relevant.

Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

Stock when ordered wrong, can kill a company. You make a good observation.

We would only buy basic stock that would go within 4 weeks. Anything special or odd we would get only when we had the customer.

Your first loss is your best loss.... I was in Fruit n Veg for 20 years

Yep, the phrase we used was "No sentimental attachment to inventory". You got to move it, move it, move it.

Your comment reminds me of a fellow on an episode of Shark Tank. He had a warehouse full of something (I forget what), and the sharks quickly discovered the truth. He wasn't looking for investors into business per se, but someone to buy the crap and do something with it. Kevin O' Leary (Mr. Wonderful) said: "No one wants it. Distributers don't want it, wholesalers don't want it. So I would have to try to sell it one at a time. That's a retail hell I have no interest in following you into."

oooh this actually makes more sense

"If your not scared shitless, your naive and have no idea how badly your about to fail". Ask me how I know

​@@keithmarlowe5569how

I was not scared at all, but I started in my early 20's, took me 7-8 years to be profitable, that is the age to start business, when you have room for failure and learning.

I have seen this many times in my line of work - a start-up business with an uncertain future signing 10 or even 20 year leases on commercial property, then going bust after 18 months and having to negotiate tough exit deals from the lease. I strongly advise anybody taking out a commercial lease to negotiate break clauses into the lease so they have shorter cut-off points to manage the risk. And don't agree to take on a commercial property that's falling to pieces on a full repairing and insuring lease otherwise you'll potentially face massive end-of-lease repair costs too.

@@chriscousineau4537 I ran a business and nearly came a cropper. Business leases, bank account overdraft agreements, credit accounts….they all routinely have personal guarantees attached these days. I had a bank manager that tried to convince me “it’s not worth the paper it’s written on, they never pursue it” - some online research shows that to be untrue.

Even with a limited liability company?

What you are talking about is the difference between a business owner and an entrepreneur. The business owner run a business. It might be to support them or to grow wealth through return on capital. They don't have any interest in expansion. The goal is to earn a living. An entrepreneur wants to build something. They want scaleability and growth.

You dont pay restaurant loans out of profit, you pay all costs out of turnover, the government takes money from your profit not your overheads. Sone very good points.

I had one big client, when I started one of my Tech businesses. They owed me money. But, they hickuped on paying me. they asked for an extension. Before you know it, they owe you 100K, and are declaring bankruptcy. Their bankruptcy, ended my business. I however, paid my bills, I just lost money.

If you have a fully working product, the customers WILL come to you. Good luck!

For the customer to come to you, they need to know you exist. Paying influencers to advertise for you can be relatively cheap but cost effective.

Nonsense. That’s what’s turbo tax is for

A good accountant that knows how your industry works. Otherwise you will spend a lot of money and receive little value.

Buy a Port

@@ranjithpowell6791 If you can afford a port, I'm going to assume you are already a multi-multi millionaire.

Yep

Pfizer? 😂

I’m Canada (Alberta) here, government requires an in-car examination of all new drivers before licensing all done by private licensed businesses of driver examiners suddenly after thirty years they said oh we’ll do that in house now , result hundreds of small businesses out of business overnight. If the government is your only client beware .

For a similar thing, look at what Buffet calls it a moat. Same idea: something that someone else can't just start doing too.

Can't compare a business on a technical degree specialism. Than anything else. But not everyone can be an engineer, because that will clog the market

@@luiscobos123 That is babbling gobblegook. What a ridiculous post.

Always think,if you can make £20 a week, but run 100 small businesses (run by good managers),your earning over £100k per year!

@@williamrae9954 100 businesses?? you must be joking. It would cost more than 20 a week just in accounting for each business.

@williamrae9954 good managers? They are running their own business! Most run by managers fail have seen it over and over. A professional wants a business gets a franchise puts in a manager ! Fail

A buddy closed his club. It's weird. Always wanted one myself.

Das klingt nach einem 'daitschen' Kommentar. 😁✌🏾

*That's because 100% of people on the planet can associate pleasant notions with eating and enjoying food, VS how many people can relate with recapping a truck tire, or desquirreling a house's attic*

Wow! Cool to know people are watching from Japan. What sort of cafe is it?

@@JamesSinclairEntrepreneur Woodfired pizza cafe

Thanks for understanding the point, a lot think I’m making it to make no one open these businesses to stop competing with me….. like I have a chance of doing that. All businesses are hard, from my 20 plus business lines, these are the struggles I have identified in these particular ones…… and what you can do about it! Thanks for noticing!

Reminds me of how Jab Jab Right hook compares how companies failed their social media ads and how to fix it

I think it’s turnover taxes that have killed those businesses, they’re all doing decent revenues… people still use them. Then the government puts them out of business with more turnover taxes than I can remember. ( Vat and Business rates being the main 2 ) 70% of businesses don’t make money and are paying more in turnover taxes than they actually pay themselves. Government should keep turnover taxes to an absolute low and start taxing profits.

If VAT is like GST in NZ, then it is a payroll tax. Almost all tax on costs gets run against tax charged on sales. But staff and your own wages have no reclaimable GST on cost but GST on the profits that pay those wages. Business taxes are on profit, not turnover, typically 30%, so only payable if a profit is being made, minimising taxable profit is an art.

As a frequent eBay user (NEVER Amazon), I capture any address/contact info from sellers. Cutting out the middleman is what the internet is all about!

@@lorenzoboyd6889 - I didn't even know that was allowed. I've learnt something today.

how do you mean rent seeking?

@@mrm8818extracting an unfair profit

E-Bay as well. E-Bay is caving to big tech like Apple, shutting down refurbished sellers or repair businesses. They aren't "Authorized Partners" Apple says, so E-bay closed accounts. One guy had been doing it a long time and had stellar rating. Shut down overnight.

right, they don't care about the profit of their sellers they care about their own. but as James hinted to they can be great tools for brand awareness.

I like what you wrote. It sounds so much dignified than the whole bussines talk. Off course, not all we do and need can be done your way, but still it sounds just right.

That sounds like the Microbrew scene in the USA prior to the pandemic. Too many guys who loved to brew decided to make craft beer for a living and open a pub. The sector was becoming crowded and unprofitable even before the pandemic.

I love your comment. I’m contemplating starting a niche business that will be hard to research because it is so niche. It’s almost like I’ll just have to do a business plan and jump in(or not) without being able to research. But your comment encourages me because it’s something I should be good at and have a passion for. Thanks again for sharing your experience and wisdom with all of us. It is is appreciated:).

You’ve got to fail at least one badly to make something work. At least you tried.

@@JP-gy3sr that's it mate people told me I'd fail but at least I think on my death bed, "at least I gave that a try". As my own mum said "I'll never make it in life" probably reason why my second venture gaining some traction 🙌. All the best on your venture buddy

@@LAH92 big up you bro, I wish you success in your venture inshallah

"I started a business and all I got was 2000 T-shirts" Now, put that on the shirts and people will pay an arm and leg to get one of them! Give each one a number 2000 to 1 and have a count-down. :-)

What changes did you incorporate to make it work?

Wait for the next pandemic and a shutdown of your biz. Times have changed. What worked in the past, does not need to be successful in the future.

The big problem with Ebay is that many business illegally operate as "private" accounts over there, and are thus able to undercut real businesses. Amazon is a nightmare because of it's stupid "Buy box"....if you're not in the magic buy box, say goodbye to sales. Etsy fees are ridiculously high. And almost all other marketplaces have hardly any traffic and are not worth bothering with. To sell on marketplaces you have to be selling things that are both rare, collectible and in high demand, otherwise don't bother. If you sell household items then Chinese sellers will undercut you, they are happy to make a loss if it puts you out of business.

@@bretton_woods Funny you should say that regarding ebay, ive noticed a hell of a lot more lately doing exactly that, Is that actually illegal? As you're pretending to be a person when you're actually a business? And yeah there's absolutely no point buying/selling things that can just be imported/sold from China as you have no chance

​@@oliverspooner2483 Yes it is illegal, because if you are a business but you pose as a "private" seller, you are depriving the customer of their legal rights (such as: being able to make a "change of mind" return within 14 days for any reason; being able to know the physical address of the business, being guaranteed to receive items that are "fit for purpose" lest they be returned, and so on). It does not matter if the goods are brand new or second hand, either. There are many many legit businesses who deal mainly in secondhand goods (Musicmagpie, Cash Converters, pawn brokers, etc). It also applies to anyone who MAKES items to sell, such as if you're selling homemade cards online, then you're a business in the eyes of the law. Unfortunately the problem has always been enforcement, which is why "Fake private" sellers are running rampant at the moment. To be clear, even if those sellers are registered to pay self-assessment tax, they are still operating illegally if they are posing as a private seller for reasons mentioned above. It really is not difficult to switch an Ebay account to a business one, so there's no excuse for these people - especially those who sell 1000's of items. Ebay are very very slow to encourage such sellers to become correctly registered, but are fast to take down any item they consider breaches their offensive material policy, for example! If HMRC ever got properly staffed and ever decided to do an audit of Ebay's marketplace then Ebay would be in deep trouble for allowing such sellers to operate for so long illegally.

Could you elaborate more on this please 😊

The first step to wealth creation, is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.

You’re right! Working with a financial advisor will genuinely set you up for success in life. I’m glad I was able to hire a financial advisor John Desmond Heppolette, earlier this year while others were complaining about the downturn in the financial market, I was busy cashing out from my investment, eventually making over seven figures in the first quarter alone…

That's great, your financial advisor must be really good, I have seen testimonies of people using the help of financial advisors in making them more financially stable. I just discovered his exceptional resume when I made a Googled search of his names. I consider it a blessing that I discover this comment area!

It amazes me greatly how I go from living an average lifestyle to making over £63k monthly, utter shock is the word. I've learned a lot in the past few years to doubt that there are plenty of opportunities abound in the financial markets; the only thing is know where to focus.. Thanks to John Desmond Heppolette.

I’m impressed by John Desmond Heppolette, professionalism and expertise in financial planning. He took the time to understand my financial goals and provided personalized recommendations that have proven to be successful, with this guide I make monthly returns from investing in assets and mutual funds..

And that's absolutely true. So if you don't have lots of money, make a business plan and get a business loan.

Money is one barrier but not a great one. Skill is another. Anything that's not easy to replicate that people want. Brand is one of the most valuable---if you build one. Also, nothing wrong with a 'good' business if it supports the family and you into old-age.

@@noseboop4354 Business plan regardless.

Can you help to get into that? i speak english and spanish

These skills will be replaced by AI soon. Having a physical store will train you on customer retention, inventory management, invaluable skills for growth

@@RalphNgOfficialI think there is a lot to gain with translating legal documents and contracts. Because who would trow a contract in de a translation app and just sign it with potential translation errors of misinterpretations. But you do need to understanding of international law to interprete and explain legal terms.

Designing what? Be aware of that AI thing. The entry level for a designer is not very high. Everybody can be a designer.

Thanks Andrew. For your kind words. Glad you like what we make!

Self employment and owning a business aren't the same thing. It doesn't matter the service: accountant, doctor, plumber, dog poop picker upper. If you don't earn if you don't work, you are self employed and essentially own a job. Not to knock it or diminish it.

Here in Texas, and in the United States generally, Skilled Trades are becoming an issue. I know some people in this business here, specifically in building/construction. 1. The majority of tradesmen are aging out quickly. I believe the median age is about 50 here locally, but I could not find an objective source. 2. You have as much work as you can take. One of my acquaintances (electrician) worked about 70 hours a week for 6 months, with offers for an additional 40 minimum. He has backed off to 50-60 since. 3. Lots of these skilled trades have pay (as an employee) far in excess of the average. Statistics from 2022 put electricians at about $65k/yr. My friend made more than that in that 6 month window.. 4. Progression is fairly easy. Employee to individual Sub-contractor to multi-employee business owner can happen rapidly if you have a reputation for quality work.

@@buffewo6386 You have to be willing to work a lot of OT to make money in the trades. That's where the guys get to 80 or 100 K is by working 70 hours a week which really isn't for a lot of people. Truth is the youth malign the trades I don't think your going to see a lot of young people going into them the 30K for trade school is a big barrier as well.

Investing in alternate income streams should be the top priority for everyone right now especially given the global economic crisis we are currently experiencing, Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

​@@michaelandrenio993You're right, it's obvious a lot of people remain poor due to ignorance

Investors should exercise caution with their exposure and exercise caution when considering new investments particularly during period of inflation. It's advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields

I subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how do you go about touching base with your advisor ?

​@@popsarah7805 I will personally introduce you to my account manager Mrs Catherine of UCLA Anderson financial Institute

How very kind of you to say! Thanks for watching, have you just found the channel?

Bless you! Thanks so much.

Glad you think so! Appreciate it.

Hooker?