5 Business Ideas That Will Actually Make You Money

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James Sinclair

James Sinclair

Күн бұрын

Пікірлер: 174
@jayeasy619
@jayeasy619 Жыл бұрын
- Food service (not restaurants) - Child care, day nursery, child service - Insurance brokerage - Importing or manufacturing for repeatable businesses - Trading business + commercial property investment
@EducationinUK
@EducationinUK Жыл бұрын
Absolute truth, I did a car recovery business and it started slowly at some point I accumulated some repetitive customers I started finding more jobs from the internet, but because I have only one vehicle, and I took a credit to start the business I used my savings to survive the first few months, and insurances costs , fuel and so on, at some point I started realising that despite all the money I make I barely make any money above all the expenses. I really appreciate your honesty, and follow all your videos with interest!
@calebadeleye
@calebadeleye Жыл бұрын
i don't understand
@erdogantabur5140
@erdogantabur5140 16 күн бұрын
And than what? Bankruptcy?
@facebook1492
@facebook1492 Жыл бұрын
How have I only just found this channel. I have a business degree and this man is speaking more knowledge than my full degree tought
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
Best comment ever! Thanks for watching!
@vivdoolan6846
@vivdoolan6846 3 ай бұрын
Unfortunately business degrees are not taught by successful entrepreneurs in the main , they are taught by people who are employees of the university..... the antithesis of entrepreneurship.
@joecarty8579
@joecarty8579 Жыл бұрын
Fantastic videos James, you should be selling these to the schools as they could really inspire people. I started my own business at 19 but only lasted 2 years and ended up working for a company but hats off to anyone that can make it work.
@DewaldtFourie
@DewaldtFourie 7 ай бұрын
You are a brilliant business man. There is an amazing business personality behind your businesses. Successful businesses depend on whether people like you or not first not what you sell. Key number one.
@dalydetailz2120
@dalydetailz2120 9 ай бұрын
I have been working my arse off in my own passion/vanity project for a number of years, and it has been my ego that has stopped me from chucking the towel in. I am good at what I do, or so I am told and that's nice, but having my ego stroked by my customers isn't getting me anywhere, and it certainly doesn't pay the bills. My overheads are massive, and I could earn a better living working in a supermarket. The only upside of being self employed is that my time is my own, but I do have deadlines to work to, so I end up working late in to the night because I had to deal with a family issue during the day, so in reality, I am worse off !! Your videos have told me what I have always avoided telling myself. Thanks
@nicke6394
@nicke6394 Жыл бұрын
And not forgetting subscription businesses. Especially if you’ve written unique software that other businesses can use. Super low overhead, huge margins and consistent turnover.
@bened22
@bened22 Жыл бұрын
That's the kind of stuff Richard Stallman warned us about! XD
@webstercat
@webstercat Жыл бұрын
I remember many many years ago installing a “free” anti virus software. Of course next year I didn’t hesitate to pay the yearly fee and continued…
@calebadeleye
@calebadeleye Жыл бұрын
Do you think it is just easy like that? what of the huge advertising budget to talk to people about your software.
@sy247
@sy247 9 ай бұрын
Software development is a J curve business with very high upfront costs before profit is made
@McFlashh
@McFlashh 2 ай бұрын
SaaS is not the best business model, it's actually very unprofitable for the first couple of years because so much has to be invested in R&D.
@michaelstanbrook7194
@michaelstanbrook7194 Жыл бұрын
This guy is great,no BS just logical good advice.
@elizabethward5685
@elizabethward5685 Жыл бұрын
Some really great points James. New business owners never drill into margins enough in my experience.
@highlandmalt6368
@highlandmalt6368 Жыл бұрын
Couldn't agree more. I see so many people working all hours on a hopeless model. I've been there too some years ago. One other rule I have, and it does conflict a little with some if the models you suggest: I wont operate a business with a negative cashflow. I know there are great businesses out there that do, but, personally, I just hate the costs and stress associated with operating that way. My father used to have a sign on his office desk saying "Happiness is a positive cashflow" (whilst running a business with a negative one). I would urge inexperienced entrepreneurs to be cautious about diving into a business with a negative cashflow unless the margins are spectacular.
@robertemmett906
@robertemmett906 Жыл бұрын
How does a business work with negative cashflow? I'm not sure I understand that concept. Is that the same as a 'loss making' business.... and you make your many through no tax or something?
@NiaArifah-br6cr
@NiaArifah-br6cr Жыл бұрын
loan @@robertemmett906
@GerbenWulff
@GerbenWulff Жыл бұрын
My ideal thing is things like vending machines. You can scale it up without having to employ huge amounts of personnel. In the country I am in now, there are a lot of machines where people throw in a coin to get wifi, because most people don't have an internet subscription, or GSM subscription. Of course, that wouldn't work in the UK. In the UK, if I had a few locations, like that store selling ice cream, I would put down a few vehicle chargers in my parking lot to make extra money. But also think of machines selling coffee or candy. I am amazed when in Europe I see a fast charger and people walk to the nearby gas station to buy coffee. Why don't they add a simple coffee machine next to the fast charger? These are self-reinforcing businesses. Chargers where you can buy coffee are more attractive and of course people who need to charge are very likely to buy something. They just let their customers walk to the competition. In addition to trying to own your real estate (otherwise your rent lord will just raise the rent until you have no more profit left), you should get some solar panels on them. That's a no-brainer these days.
@LDW1961
@LDW1961 Жыл бұрын
Solar only works in sunny countries. 😂
@oludayosanya
@oludayosanya 2 ай бұрын
The amount of value in your videos are incredible.. Thank you
@mossig
@mossig Жыл бұрын
If you borrow on your property you no longer own it. And monthly payments can escalate. Own your property and never borrow money is the key to a good life.
@oleopathic
@oleopathic 3 ай бұрын
Disagree as a lender. Leverage is important to growing quickly. You must do it correctly and build in safety buffers for negative events. Be methodical and conservative in your calcs. Don't borrow on a whim and hope for the best! Have mentors and partners to double-check your assumptions. Very important as a QA/QC control mechanism for checking over-optimism and other human deficiencies we all have.
@mossig
@mossig 3 ай бұрын
@@oleopathic Need is a mental state that you should control. Be patient and ern funds before purchases. If you start borrowing to cover your needs, a big portion of your life earnings will make someone else richer not you. Lending only make things more expensive especially properties. Lenders want things to be more expensive because then they make more money.
@oleopathic
@oleopathic 3 ай бұрын
@@mossig that's right. It's a fine balance one needs to perfect. And it comes with time.
@benndanny12
@benndanny12 Жыл бұрын
I had, what I thought, was a brilliant idea for a business -building canoes. Not just boring ones but ones with unique colors and patterns. I sourced a good, cheap decorative pattern library and easy build canoe templates on the internet for free. All seemed good to go. Then I walked past a stack of simple, practical canoes that can easily go into the boot of your car, all for the price of £150 quid at the local supermarket. Darn it.
@briansykes2806
@briansykes2806 Жыл бұрын
I agree with some of the general comments here, but I think that insurance brokers belong to the last century. Nowadays competitive insurance can be obtained on-line - direct. Then importing businesses (with warehouses!) can be undercut by ordering through Alibaba, etc (although I agree that if the customer needs to buy one inexpensive item then Alibaba or something similar is not an option). Some well established and perhaps famous private schools in UK make good profits. But many fail each year. One needs a significant capital outlay to start a private school - just to pay for the premises. Day centres for children can be profitable, if they are in an area where the parents can pay. As others have pointed out in the comments, those offering a service where one's own premises are not required can make good money, providing the competition is not too stiff. I know little about the catering industry, but I think that those providing catering for companies involved in short-term projects in the area could make reasonable profits.
@Mrhaydentv
@Mrhaydentv Жыл бұрын
Great video. What I’ve discovered is that it’s not so much about what business you pick, but more about how long and hard you work at it, and you have to be the right person for that buddy. Obviously this isn’t in all cases! Look forward to chatting to you on the podcast soon :)
@bevansmith3210
@bevansmith3210 Жыл бұрын
Would be great for you to make a video about your view on debt and living with debt as you invest in your businesses. It seems necessary but is quite stressful for some to take on
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
I never borrow to live and only borrow to make. That little rule serves you well. Business debt is very different to personal debt IMO. We’re all different with different comfort zones. For example. I wouldn’t want an investor telling me what to do or the pressure to have to perform for them; that would keep me up at night!…..others love the support of an investor!
@milestaylor7096
@milestaylor7096 Жыл бұрын
Thank you. Excellent. The advice about being wary of passion and staying focused on a good business model is spot on.
@PaulFieldWFP
@PaulFieldWFP 5 ай бұрын
This is a great video and in my opinion very altruistic, I have a couple of young (15 & 24) people in my life showing the signs of entrepreneurship, this is a brilliant video to provide an overview of what the future could look like for them and I have passed this on. Thank you for doing this (and all the other stuff you do) James.
@lukecarr9570
@lukecarr9570 Жыл бұрын
Would love for you to go on the midnight podcast with Matt, would be such an interesting watch it's a uk business podcast.
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
I don’t know them, if they reach out to me I’ll definitely go on it. If you know them please tell them about me and your dreams will come true. Have you listened to my podcast?
@knightofbrokenglass9237
@knightofbrokenglass9237 Жыл бұрын
Thank you so much James
@johnballesteros8257
@johnballesteros8257 Жыл бұрын
Great video James, what about competitors ? For instance, coffee is great industry, people are hunting to get a coffee every day but there are a lot of traders in the industry. Thanks for the video !!
@LDW1961
@LDW1961 Жыл бұрын
Slightly better than a restaurant but not much. High rent usually cripples you, even if you're selling from a Barrow! Selling wholesale products to coffee shops is where the gold is. A coffee shop is cutthroat unless you're in a building like a huge hospital, with a captive market.
@DerpEye
@DerpEye Жыл бұрын
You're absolutely right. But. Society wouldn't exist without less profitable businesses. If everyone just concentrates on making a lot of money for himself without any regard for anything else, you end up with places like USA: a very rich country, but basically a shithole for normal people to live in, compared to elsewhere.
@AnimalAce
@AnimalAce Жыл бұрын
True! I was hoping someone would say this. The world would become very stale if everyone had this mind set.
@ummeumran7925
@ummeumran7925 Жыл бұрын
Hi, recently aquired a commercial premises, going to start a retailing bespoke kitchens, what do you think about kitchens?
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
I have no experience in this sector. Things I don’t like about it….. When you find a customer they only need you once. Companies that smash it, get regular, repeat customers. Once you have repeat 🔁 customers you’ll love your life and business. I’m bespoke kitchens… You’ll be starting from zero each month. That said, you’ll get big margins when people do buy. To smash it, you’ll need to make sure you have leads coming out of every nook and cranny you know! Spend more time on marketing than anything else.
@barryhaeger4284
@barryhaeger4284 Жыл бұрын
James good video and straight talking. I wish I'd had access to this straight-talking 20 years ago when I was staring off, but retired now.
@VisionCarrierDreamCatcher
@VisionCarrierDreamCatcher Жыл бұрын
Un-retire yourself
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
Thanks for watching, start again?
@4amwaj
@4amwaj Жыл бұрын
This is GOLD.
@fancythatmeal9136
@fancythatmeal9136 Жыл бұрын
His advice is on point.
@WeeShooey
@WeeShooey Жыл бұрын
Great video James, and excellent advise, only thing missing was a pipe.
@silverkitty2503
@silverkitty2503 Жыл бұрын
Sir you are amazing! Keep making the videos. Business can seem intimidating and like a closed circle these videos are great!
@itspatrickwalsh
@itspatrickwalsh Жыл бұрын
Awesome video James!
@theegamerdotcom
@theegamerdotcom Жыл бұрын
Always wanted to start a business. But my credit rating is so shot, I can not even get anywhere with the banks/brokers. Wish everyone luck in business!
@PatrickLauruol
@PatrickLauruol Жыл бұрын
A temporarily unfavorable credit rating may be a hindrance for businesses with high upfront capital requirements, yet don't let that stop you. There are many businesses that don't require high capital inputs to start or run. Best of luck to you in your endeavors!
@polihronisikonomou1301
@polihronisikonomou1301 6 ай бұрын
I am thinking entering into real estate and I would love to hear views and directions of do's and dont's
@IvanVujica-CertifiedTrainer
@IvanVujica-CertifiedTrainer Жыл бұрын
Using the Bill Gates as an example of a "good" businessman, doesn't impress at all. Ethics needs to be considered if we want to look up to entrepreneurs.
@bhangrafan4480
@bhangrafan4480 Жыл бұрын
It is great to see a real expert on here instead of BS merchants. One lesson I learned today: piggy back on other people's volume.
@thomasdale6217
@thomasdale6217 Жыл бұрын
@James Hi mate, I’ve been in the insurance industry for nearly 20 years but always as an agent. How would I go about setting up an insurance brokerage firm, what advice have you got for a middle aged man on applying for an FCA license! The pit falls to avoid and what to do etc Any help from anyone would be massively appreciated x
@keysersoze4388
@keysersoze4388 Жыл бұрын
Awesome advise James!
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
Thanks for watching!
@michaelmckeary1165
@michaelmckeary1165 8 ай бұрын
Stumbled across you on Utube, great videos. 👍👍
@ManpreetSingh-iy4mo
@ManpreetSingh-iy4mo 3 ай бұрын
Hi James, I love listening to your KZbins. Question - what’s your thoughts on a funeral home business, please don’t be scared to talk about death. You’re an entrepreneur that doesn’t shy away from good, profitable, predictable, businesses. I’m sure all you’re viewers would like to know as well, please don’t stop sharing your knowledge because it adds value to my business journey Thank you Manpreet Singh
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur 3 ай бұрын
I think they can be good business models. I had a funeral business on the podcast. Take a watch on my podcast channel here on KZbin.
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur 3 ай бұрын
Here it is 24 Year Old Starts Funeral Business after Personal Tragedy (4K) kzbin.info/www/bejne/rqTCgWmnr6d8gpo
@ManpreetSingh-iy4mo
@ManpreetSingh-iy4mo 3 ай бұрын
Hi James, thank you for your quick response, I’ll definitely listen to your podcast regarding funeral business. I use your knowledge in my business, please don’t stop sharing. Thank you Manpreet
@micaleleon6944
@micaleleon6944 Жыл бұрын
Love your content James! Is supplying supermarkets with food items a good business model?
@johnbridges5461
@johnbridges5461 Жыл бұрын
NO, they screw you to the floor..no margin. Avoid!
@LDW1961
@LDW1961 Жыл бұрын
You have to beg, or even pay them, for shelf space. Why not sell your stuff direct to the consumer online?
@micaleleon6944
@micaleleon6944 Жыл бұрын
Thanks for your reply@@LDW1961 it was my initial plan but I don't have storage.
@micaleleon6944
@micaleleon6944 Жыл бұрын
Thanks@@johnbridges5461 Ive been talking with some local supermarket procurement in South Africa where I'm from and the margins are way to small.
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
We do sell direct to supermarkets. Some of the biggest brands in the UK. I have to say they have been good payers and when we have had price rises; they have paid them. I suppose if you don’t have a strong brand they will screw you for shelf space. The trick to mastering the process of price erosion…… have a product they really want and build a business that means you don’t need them. If our supermarket customers demanded unreasonable terms, we’d be…. “ thanks for the offer, but we’re out” We probably help ourselves to circa 500k of supermarket sales a year. They’re also slow to accept changes, or to communicate with.
@nevarcruz4852
@nevarcruz4852 Жыл бұрын
Real Talk
@businessmarriagepod
@businessmarriagepod Жыл бұрын
What a brilliant video - as always! In our opinion, the OG of brilliant business insights!!
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
Thanks James !
@mindcache5650
@mindcache5650 Жыл бұрын
Subscribed because you are straight talking without the waffle. Born trader . Best businesses? No inventory, no large fixed or variable costs with an insatiable demand that’s repetitive. Work for yourself with the best skills that can’t be imitated and you’re a moat . CK Rowling , Elton John, Floyd Maywether (£300 million a year ) for appearing once a year.
@robertemmett906
@robertemmett906 Жыл бұрын
JK* Rowling
@LDW1961
@LDW1961 Жыл бұрын
There are millions of writers and musicians in the world. But yeah, be a genius outlier and you'll be good to go. 😂
@lucasmoreno5330
@lucasmoreno5330 Жыл бұрын
With regards to money making. It should be nowhere near education and health. I've sent my kids to private school since nursery and would never chose a For Profit schoool.
@ariperdanagredy4999
@ariperdanagredy4999 Жыл бұрын
You’re the best james!
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
Thanks so much
@Mrhaydentv
@Mrhaydentv Жыл бұрын
I think advertising agencies can be a great model too. Low overheads costs and large regular clients repeated monthly
@carlocossham1450
@carlocossham1450 Жыл бұрын
Saturated market though
@Mrhaydentv
@Mrhaydentv Жыл бұрын
@@carlocossham1450 depends what industry it’s in and how well known you are. For example, I’m about to start an advertising ppc agency for Amazon sellers as I already have lots of contacts in that field :)
@johnholland2825
@johnholland2825 Жыл бұрын
Ai will destroy that industry
@Mrhaydentv
@Mrhaydentv Жыл бұрын
@@johnholland2825 for many reasons it won’t, the main reason being Amazon has already put a block on AI to infringe on its internal date, therefor a service to rank products on the platform for clients will always be around. Even if it did infringe though, we would simply adapt and work with it and not against it. :)
@johnholland2825
@johnholland2825 Жыл бұрын
@@Mrhaydentv - your response is replete with denial and cope.
@widipriyanto9876
@widipriyanto9876 Жыл бұрын
Great Insights. The dude is basically a Teddy Bear Salesman
@chrisdavies6633
@chrisdavies6633 Жыл бұрын
Fantastic advice
@BonBonShrimp
@BonBonShrimp Жыл бұрын
You missed what is perhaps the most profitable type of business - service business.
@fascinationmama
@fascinationmama Жыл бұрын
Thank you
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
Thank you to you too!
@gundarsnuka6921
@gundarsnuka6921 Жыл бұрын
Thanks for information ☺️ Hiya from Latvia.
@GodricThe
@GodricThe Жыл бұрын
I just googled and realized that private day care for kids must me non-profit in Croatia. Insane
@BlackSeedOil20
@BlackSeedOil20 Жыл бұрын
They want free babysitters
@vlnow
@vlnow Жыл бұрын
How do you find good and trustworthy managers or operators for your many businesses ? Im just imagining its impossible for one man to manage all of this .
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
It’s absolutely paramount. I have a core team. I don’t manage any day to day parts.
@UsmanAbba-bb5jg
@UsmanAbba-bb5jg Жыл бұрын
Nice one guys
@OanaTheMeerkat
@OanaTheMeerkat Жыл бұрын
The business models look interesting, but one should also take into consideration the mentality of the people who'll be your customers. For example, in my country, a business regarding children will not work (or will work, but the profit will be so little). Why? Because in my country most parents have this mentality that 1) if I survived with X grades, so can this kid, no need in too much education; 2) grandparents should take care of the kid while I'm working, this is what they are good for now 3) why buy him [insert any object here]? can't he do without it? can't we borrow or buy second hand?
@Anthonybrother
@Anthonybrother Жыл бұрын
That makes sense. That notion should indeed be part of an entrepreneur's market research.
@mjpm2409
@mjpm2409 7 ай бұрын
Albanian?!
@OanaTheMeerkat
@OanaTheMeerkat 7 ай бұрын
@@mjpm2409 Romania
@mpestana2
@mpestana2 7 ай бұрын
Nice video but here is my opinion. Business that are over licensed, over taxed by governments can bring you down very quick. Not to mention dealing with employes in 2024 is diferent than it was in 2005 (worker rights, sues etc). All of that together can bring you down very quick. By your accent I suppose you are from UK, so you must know what I am talking about. It will depend greatly where are your business located. That´s why major comnpanies are located in Ireland and the Netherlands but their origins are not from there. I rented my business 2 years ago, I receive a rent and I work for others now. I have lots of time now for my family and friends, sports and so. Im in Portugal, a heavily taxed country. In a heavy taxed country the best way is to get big real quick because you will get small margins but since you work the masses you ll be fine. That´s the main goal, but extremly dificult.
@mitomon
@mitomon Жыл бұрын
That discord notification sound at 5:03 really threw me off for a minute
@magneticinteriors8530
@magneticinteriors8530 Жыл бұрын
Great ideas...no love for insurance tho - IMO :)
@Poszlakowaneopinie
@Poszlakowaneopinie Жыл бұрын
Your initial claim that the role of the employee is safer and less stressful is based on what exactly?
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
Experience of doing the do. I do think the pressure on some business owners to meet payroll, sign PGs, deliver and constantly steer the sheep isn’t for everyone. Why so many business owners start a business and see how tough it is and go back to be an employee where it’s safer. In summary facts and experience.
@villagevaliant
@villagevaliant Жыл бұрын
Real spit mate. Seriously though, Could tell it came from the heart common sense almost although painfully experienced growth perceived
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
Thank you! Glad you liked the content.
@stanleymcvay9283
@stanleymcvay9283 Жыл бұрын
That's life!
@qualityking1068
@qualityking1068 Жыл бұрын
fuel depot/gas station/property/spare parts for vehicles
@magicalsounds7966
@magicalsounds7966 6 ай бұрын
What about plumbing businesses?
@Drivingexplorer
@Drivingexplorer Жыл бұрын
Great video
@godisgood789
@godisgood789 10 ай бұрын
Can I give you a compliment! You look like the Lead Singer of Level 42😅👍
@tomoreilly9742
@tomoreilly9742 Жыл бұрын
Well I'm a window cleaner 250 customers each month 15 pounds each 60 grand the year.
@tomoreilly9742
@tomoreilly9742 Жыл бұрын
@NoNonsenseJohnson And that's just with one van, Not to mention potentially franchising.
@MaanBPygg
@MaanBPygg Жыл бұрын
tbf the only "risk" you take is become an employee if you fail
@danf4447
@danf4447 Жыл бұрын
NO!!.if you sell your own ice cream to other stores you are literally giving your competitors your same advantage! and if your retail sales slow you also hurt your wholesale business! and if your base ingredients go up in costs (butter for example and whole milk) now both businesses are hurt because they are in the same business. and its a seasonal business . and its labor intensive. so..just no If that were true then you should buy a dairy farm next...then it wont make money...etc etc
@RobertBoscarato
@RobertBoscarato Жыл бұрын
I was in the wrong business for 24 years Auto salvage I got into it ten years too late
@michaelpickles1422
@michaelpickles1422 Жыл бұрын
sound advice!
@readmycomment3157
@readmycomment3157 Жыл бұрын
Great video, I like the presentation style and some great ideas here.
@oleopathic
@oleopathic 3 ай бұрын
Good x2.
@theonlykingclayton
@theonlykingclayton Жыл бұрын
another banger James, great info!!
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
Cheers! Thanks for watching !
@JustCharlieVideos
@JustCharlieVideos Жыл бұрын
How about a simple parking lot litter cleanup service? It's almost as easy as going for a walk! The work is done on-foot with simple hand tools outside commercial properties for property management companies. I started doing this as a side gig in 1981 and grew it into a six-figure business. It's not sexy or glamorous but fortunes are being made by ordinary people who are willing to clean up after others.
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
Great story!
@cleanlots
@cleanlots Жыл бұрын
Thanks James @@JamesSinclairEntrepreneur
@mavrosyvannah
@mavrosyvannah Жыл бұрын
Is this a long commercial for you and your cream?
@dwaynerapley111
@dwaynerapley111 Жыл бұрын
Trade business + commercial property investment = McDonald's
@clubgel
@clubgel Жыл бұрын
Online businesses make brick and mortar look so weak/poor in comparison. Near unlimited scale from a laptop and small lean team. Not talking ecom although i know 2 guys with fashion brand at $30 mil with 30% profit.
@lnicko
@lnicko Жыл бұрын
I threw away a profitable business to work on my passion. word of advice.. unless your "passion project" is monetizable, then you best keep searching, dont be like me!😂
@clivejefferies
@clivejefferies Жыл бұрын
Take a shot every time he says business.
@kenbroadbent7288
@kenbroadbent7288 Жыл бұрын
Hiw do you recruit and retain staff?
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
Education leads to motivation. Be wary of toxic behaviour and stamp it out as fast as you can. Recruit on attitude over skill set. Ask for happy and hard working people. Education leads to motivation ( if you want to keep people) Look out for my new book Dream Team. Comes out very soon.
@kenbroadbent7288
@kenbroadbent7288 Жыл бұрын
@@JamesSinclairEntrepreneur That's great advice thank you.
@johnholland2825
@johnholland2825 Жыл бұрын
Why don't you say how much the tickets are? (£360 - £420 - £2400). It's like you are hiding something, like you think it's too expensive or something? Just explain the 3 different tiers and what each tier can expect! Seems more professional? can someone explain to me please how i am wrong since James is better at business then almost everyone.
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
Not hiding anything. The 2400 is consulting with me plus a ticket. The tickets are around £360 depending on which seminar it is. I don’t think it’s too expensive, I think they’re jaw dropping cheap for what we deliver. I do them because I like doing them rather than to make loads of money, but they cost to put on so I like to cover that cost. The ticket covers the venue, AV, teas, coffees, my team and my time. I know people pay wayyyyyy more for seminars and then just sit in the room to be upsold onto the next programme; not with ours. We literally deliver all we know. I wouldn’t explain all the ins and outs of the 4 different seminars on a KZbin video as it’s perfectly clear on my website. Hope that clarifies my position.
@gappdanc7736
@gappdanc7736 Жыл бұрын
Good video 😊
@sarahfranco6802
@sarahfranco6802 Жыл бұрын
2:50, 5:30
@chris_h_7749
@chris_h_7749 Жыл бұрын
I buy businesses and failing businesses, to the put the building and rent in my pension and then we work of the businesses profits.
@kostadintoshanov
@kostadintoshanov Жыл бұрын
Cool
@johntate5050
@johntate5050 Жыл бұрын
I'm starting out as an entrepreneur. I've just started a business making wigs for snakes but I'm already planning my next business. I'm going to borrow 1.5 million to start a buttock washing business.
@minttrax
@minttrax Жыл бұрын
😂😂😂😂 legend
@Anthonybrother
@Anthonybrother Жыл бұрын
Might be profitable in Canada where the elderly are left to rot in subsidized elderly care facilities
@HalesowenLocksmiths
@HalesowenLocksmiths Жыл бұрын
child care and nurseries not great businesses, know many people involved in the industry and no one is making good money!
@robertemmett906
@robertemmett906 Жыл бұрын
James, I've got an idea for a company. It's count how many times you say businuss every day and sell you the information. What do you think? Haha. Fucking love your videos, never change. I'm sure you won't. Your honesty and openness is just world class.
@danf4447
@danf4447 Жыл бұрын
NO! selling to a school is a volume low margin business. you are competing with huge companies like pillsbury, bryers etc. who have sales reps and can drop big vovlume and even come stock the schools freezers and may even adapt their billing to match the schools billing cycles. NO
@blueskinkitchen9708
@blueskinkitchen9708 Жыл бұрын
This is the second video that I watched. The first one he said "do not do restaurant/hospitality" in this one he says it is great. On the previous video he also said "don't use Amazon" in this one he shows example of his company using Amazon. No following, not subscribing.
@RyotaMitarai
@RyotaMitarai Жыл бұрын
previous video? this video is 5month old, when was the video you watched made?
@hosoiarchives4858
@hosoiarchives4858 Жыл бұрын
What are the 5 ideas?
@foodhead4677
@foodhead4677 Жыл бұрын
Hey mate love your content, might want to reconsider using Bill Gates as a role model after he *injected all his passion into his last project.
@JamesSinclairEntrepreneur
@JamesSinclairEntrepreneur Жыл бұрын
He’s not a role model or someone I’ve studied. Just the first thought that came to my head in this example. I know some people question his practices - I haven’t researched it to know if it’s true or not.
@foodhead4677
@foodhead4677 Жыл бұрын
@@JamesSinclairEntrepreneur fair play, what do you think about adding lower volume and lower profit items to an existing business? Like product customizing and such that could have residual marketing impact but little direct impact on the bottom line?
@MrCheswickMusic
@MrCheswickMusic Жыл бұрын
I've heard Gates' latest 'product' has zero customer retention ha ha
@Gtweet85
@Gtweet85 Жыл бұрын
Carwash 😉
@adakkristinn
@adakkristinn Жыл бұрын
Great video. I started watching your videos last year as a beginner before giving stock and crypto market a trial. I was able to make $17,300 in one month with a capital of $4,000 trading with an experience expert who guided me through out my trading.
@Miaisabelle-yk6rd
@Miaisabelle-yk6rd Жыл бұрын
I highly recommend Mr Chrissy Barymoer. He is my current trader and His strategies are working amazingly well
@Edinkrama
@Edinkrama Жыл бұрын
The best thing I can do now is to invest in bitcoin, which has many better advantages over other cryptocurrencies. Although I haven't fully understood it yet, but l've been able to earn 500$ everyday since I started trading with CHRISSY BARYMOER , which I couldn't imagine before
@Karagoldberg7
@Karagoldberg7 Жыл бұрын
Search him by His name "Chrissy Barymoer”
@Karagoldberg7
@Karagoldberg7 Жыл бұрын
“ On F acebook “
@LeeWalton6
@LeeWalton6 Жыл бұрын
Professional Chrissy Barymoer has changed my financial status for the best. All thanks to my aunty who introduced me to Him on facebook•
@axiomfinity
@axiomfinity Жыл бұрын
Mine crypto in spare time to create a crypto income.
@md.walidhasan7760
@md.walidhasan7760 Жыл бұрын
Please speak little slow and clearly.
@hamshank29
@hamshank29 Жыл бұрын
Is this a joke? He's so easy to follow
@bigjohnhansome5779
@bigjohnhansome5779 Жыл бұрын
If he speaks any slower we'd have to speed it up so it sounds normal. This a good speed.
@gianni300rpm
@gianni300rpm Жыл бұрын
i keep hearing to many { IF ] and i came to the conclusion that i will start a seminar business , charge the people a couple hundred bucks and tell them the same BULLSHIT your telling us
@MUSABBPT
@MUSABBPT Жыл бұрын
Excellent advice
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