I would say he's in the wrong business.. Yea I know it wont bring this country out of debt...lol... that was a joke!! but it would sure help. I invested every last dollar I had saved, around 14 grand. I came out with about 65 when all was done. So 50,000 for 8-10 months of work. Small businesses can work but you have to chose the right one.
and yes the bull s#@* is HUGE!!
Good morning everyone.
No hes not in the wrong business.
It is normally estimated that a new business opening the first two years will not make a dime but lose money.(99%) of business go out within two years.
The main reason's company's or business go broke Are one..Lack of management skills. The other is not enough funding to sustain the business until it is established.
The third one they never mention is borrowed capital.At least to begin with.You must have enough money to sustain until you can get the ball rolling.
Every rule and regulation made a businessman is to follow are designed to keep you..the small self employed businessman from ever becoming a large rich businessman.
Large company's and business lobby state legislators and federal legislators to promote laws that keeps the competition out of their business.
Kind of like a government run monopoly.
Part of what is going on especially in the marijuana industry a legal grower will have to contend with.
The local politicians will want their cut.
Growers with deep pockets will lobby for legislation(already have) To limit the number of licenses that will be let out to growers..effectively putting the competition out of business.
They will have those law makers ban home grows(see Washington states new laws)
On top of the huge sales tax the consumer will pay ,you as a grow business owner if you earn 200 K a year..just a example.
You will pay 39% income tax..then you will pay another 15 self employment ss tax.Then you are going to pay 11% state income tax is you live in cali for example.
Then you will pay another county tax.
If the feds legalize it..then there is another layer of tax.
Right there i just showed you almost 70% of your income gone and i havnt even gotten warmed up.
Not to mention bar coded tagged and tracked every plant.
They are going to tell you how much you can grow..where you can grow,what size and kind of container you can grow in,What kind of nute system you have to use.
Hell they are even talking about limiting the amount of THC in a plant you can grow.
Ive never been someone to tell someone else what to do unless it has to do with my business.
I mind my own business..im sure allot of folks on here are more independent minded than the average joe you will meet in society.
The reason we do what we do is we dont like to be told what to do by others.
Enough of the long windedness.