Who wants to open a school?
- Felgerkarb
- Sir Felgerkarb, Kt Pb
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No cover, no chance.
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Why are the gods such vicious cunts?
Where is the god of tits and wine?
Why are the gods such vicious cunts?
Where is the god of tits and wine?
i never said a school has to make money to be decent, where did i say that?....but really, how are you going to pay your teachers and attract good teachers if you are not profitable???
i never said i did not have 25,000 of my own to start with...maybe it is sitting in the bank waiting for the right opportunity.....or perhaps it is in other businesses now....or perhaps i prefer to do setting-up as opposed to daily operation for several years...or maybe there is another reason i did not state my personal financial status on a forum message board for your approval..or...most likely...i am trying to get some sucker to wire 25k to my account in Nigeria so i can free-up funds i recently inherited from my uncle the great King Shimsham the III.
really guys and gals...are you just a bunch of cynics or what? can't believe what anyone says? always suspicious and quick to assume something negative just because someone does not give you all the information you think you need to draw a conclusion?
suggesting that i may end up in jail like others because the business climate here is unfamiliar to me?
"many others here to share their wisdom"...hahaha...so far i have not read anything on this thread that seems very bright or insightful...just a lot of critics and cynics to an innocuous post.
too many geniuses here for me....adios
i never said i did not have 25,000 of my own to start with...maybe it is sitting in the bank waiting for the right opportunity.....or perhaps it is in other businesses now....or perhaps i prefer to do setting-up as opposed to daily operation for several years...or maybe there is another reason i did not state my personal financial status on a forum message board for your approval..or...most likely...i am trying to get some sucker to wire 25k to my account in Nigeria so i can free-up funds i recently inherited from my uncle the great King Shimsham the III.
really guys and gals...are you just a bunch of cynics or what? can't believe what anyone says? always suspicious and quick to assume something negative just because someone does not give you all the information you think you need to draw a conclusion?
suggesting that i may end up in jail like others because the business climate here is unfamiliar to me?
"many others here to share their wisdom"...hahaha...so far i have not read anything on this thread that seems very bright or insightful...just a lot of critics and cynics to an innocuous post.
too many geniuses here for me....adios
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- Wun Gwo Pee
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I think it's fair to ask why you're not putting your own money up, especially as you're asking people to invest their own cash without revealing your own situation.
The fact you want $25,000 but, hey, $150,000 would be nice too suggests you either don't know your arse from your elbow, or you are just a chancing shyster.
The fact you want $25,000 but, hey, $150,000 would be nice too suggests you either don't know your arse from your elbow, or you are just a chancing shyster.
I think the right person can make a great business from properly set up and organized schools, so I am with you on that one. I am not very experienced in this, but the experience I do have seems to indicate that the quality is low. I presumed from your writings that you were talking more of an English language school rather than the provision of mandatory schooling to kids, if so I think you can start on a much lower budget if you get the formula right.
I think the cynicism comes out as people have not seen your full business plan. In fairness to them $25k or $50k (if you put in an equal amount) is a relatively small amount to open a school comparable to most that you see around the city, where premises and renovations alone could run you close to that sum. However maybe you have another business model that doesn't leverage a prime location premises as a way of attracting customers.
Do you have a business plan? if not it will be hard to attract real investors.
Good luck
I think the cynicism comes out as people have not seen your full business plan. In fairness to them $25k or $50k (if you put in an equal amount) is a relatively small amount to open a school comparable to most that you see around the city, where premises and renovations alone could run you close to that sum. However maybe you have another business model that doesn't leverage a prime location premises as a way of attracting customers.
Do you have a business plan? if not it will be hard to attract real investors.
Good luck
- chkwoot
- 2000+ Posts! Aghh I Have No Mates
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Ok. Bye.SteveB wrote:i never said a school has to make money to be decent, where did i say that?....but really, how are you going to pay your teachers and attract good teachers if you are not profitable???
i never said i did not have 25,000 of my own to start with...maybe it is sitting in the bank waiting for the right opportunity.....or perhaps it is in other businesses now....or perhaps i prefer to do setting-up as opposed to daily operation for several years...or maybe there is another reason i did not state my personal financial status on a forum message board for your approval..or...most likely...i am trying to get some sucker to wire 25k to my account in Nigeria so i can free-up funds i recently inherited from my uncle the great King Shimsham the III.
really guys and gals...are you just a bunch of cynics or what? can't believe what anyone says? always suspicious and quick to assume something negative just because someone does not give you all the information you think you need to draw a conclusion?
suggesting that i may end up in jail like others because the business climate here is unfamiliar to me?
"many others here to share their wisdom"...hahaha...so far i have not read anything on this thread that seems very bright or insightful...just a lot of critics and cynics to an innocuous post.
too many geniuses here for me....adios
PS : do you even realise that you completely misquoted me? I said:
I was trying to be nice to a newbie, and give you the benefit of the doubt, but you are either severely delusional, or just a troll... and a very bad one. I sure wouldn't want to do any kind of business with you. Thanks for making this clear fairly early on!Maybe others more experienced and wise will wish to share more.
- chkwoot
- 2000+ Posts! Aghh I Have No Mates
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Hey, SteveB, what's your username on CEO? I'd like to follow your progress in Cambodia. Don't worry, I rarely post there anymore. You'll be safe from my negative cynicism.
See what I did there? A double-negative!
See what I did there? A double-negative!
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- MerkinMaker
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I'm surprised most 440 posters aren't more entrepreneurial. The fact that someone is living here already displays a certain degree of risk tolerance and it's well known that there's a strong correlation between risk tolerance and entrepreneurial leanings.
440 tends to poke holes in ideas, but ideas are worthless, all that matters is our ability to execute the idea, the agility to change direction based on data and the stubbornness to continue regardless of the magnitude of challenges that weren't foreseen at the outset. As they say, no battle plan services contact with the enemy.
A school is about as safe as business start-ups come, it's an idea that's already been validated over hundreds of years in every country and region known to man. The only question is whether the OP can execute, can he build a product that has higher perceived value than his competitors? The start-up capital will only limit the scale with which that value can be delivered initially and once you have that beachhead you can scale up from there.
I'll always say go for it whenever someone suggests a new business, you'll never know unless you try and even if you fail you'll come away with a load of experience which will give you a much better shot the next time around.
440 tends to poke holes in ideas, but ideas are worthless, all that matters is our ability to execute the idea, the agility to change direction based on data and the stubbornness to continue regardless of the magnitude of challenges that weren't foreseen at the outset. As they say, no battle plan services contact with the enemy.
A school is about as safe as business start-ups come, it's an idea that's already been validated over hundreds of years in every country and region known to man. The only question is whether the OP can execute, can he build a product that has higher perceived value than his competitors? The start-up capital will only limit the scale with which that value can be delivered initially and once you have that beachhead you can scale up from there.
I'll always say go for it whenever someone suggests a new business, you'll never know unless you try and even if you fail you'll come away with a load of experience which will give you a much better shot the next time around.
- chkwoot
- 2000+ Posts! Aghh I Have No Mates
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His original post sounded like an ad for Trump University. I wanted more info to see if he truly knew what he was talking about, or just blowing smoke. His response gave me my answer. I also think another school could possibly do quite well here. But trusting a newbie who thinks that doing business in the KOW is the same as anywhere else, and who just wants to throw my money against a wall and see if it sticks, is a very bad idea.
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- Feminist Watch List
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The amount of people over the past decade and a half who have come to me and said they have a great idea and I should invest but they have no money of their own to risk but they want a substantial amount of the equity is enormous.
Not one of them has succeeded.
People with a history of successful ideas usually have some money with which they can back themselves.
Anyone else is just gambling with your money, taking a chunk of the upside without any pain of the downside, but with no skin in the game they do not succeed.
If anyone says to you (in business) that "you should do this"; invite them to put their money where their mouth is.
If they cannot take the financial risk they should be afforded they same credibility as a tarot card reader or con-person.
Not one of them has succeeded.
People with a history of successful ideas usually have some money with which they can back themselves.
Anyone else is just gambling with your money, taking a chunk of the upside without any pain of the downside, but with no skin in the game they do not succeed.
If anyone says to you (in business) that "you should do this"; invite them to put their money where their mouth is.
If they cannot take the financial risk they should be afforded they same credibility as a tarot card reader or con-person.
Note to self: Must be nice to morons.
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- I've got nothing better to do
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Fine advice when you are using your own money. In this case the OP wants to use someone else's money.starkmonster wrote:
I'll always say go for it whenever someone suggests a new business, you'll never know unless you try and even if you fail you'll come away with a load of experience which will give you a much better shot the next time around.
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- I live above an internet cafe
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We look forward to the staff recruitment - Nigerians, Pakistans, Filipinas or the most
desperate wretched down-and-out Westerners, the twitching alkies and meth-heads?
desperate wretched down-and-out Westerners, the twitching alkies and meth-heads?
What kind of school?SteveB wrote:the competition is everywhere but the quality is nearly non-existent....
if you are interested in discussing the details and have approximately 25,000 usd to invest, then we can talk....
yes that's right, 25,000 usd to start a school that will be better than 95% of what exists now...with a normalized growth projection in line with GDP and middle class expansion forecasted metrics, the school will be running an operating profit starting the second year....that's very fast in just about any industry....projecting another five years out and ROI can be 100% per year...no i am not joking or scamming....
the education business is not that difficult or complicated, and the likelihood of success is much greater than other investments of similar capital needs, like a restaurant for example..which is a labor intensive business and often only has a 20% success rate
Where?
How many investors do you need? 25k is nearly nothing unless you plan to build a wooden school in some remote area, but then you'll have no staff and no revenues.
The idea can be a good one, but I think some practicalities will stand in your way, esp. when you only have 25k to spend.
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