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Do you dislike business owners ?


Business and Professional Relationships Networking and maintaining a positive environment in the work place is important! Surviving the 9-to-5 within.

Old 6th June 2008, 9:25 PM   #211
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Check it out. Bill and Melinda Gates Foundation.

http://www.gatesfoundation.org/default.htm
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Old 6th June 2008, 9:58 PM   #212
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Be reasonable now, 4 millions dollars in income
I said that Art was really close....fact of the matter is the revenue, (not income) topped out at about 5.2 million last year. We'll be closer to 7 by the end of our fiscal year in Febuary, this, (being a valued added reseller in the CAD industry) is the most profitable of my companies.
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hasn't seen his business in a year, just collects the checks
Nice isn't it? I do occasionally talk to my GM when the accountant tells me the shop needs to spend some money to balance the books.....I'd rather invest back into the shop than pay taxes on the income.....after all, everyone is making good money with the niche market we cater to, so as long as they're happy....I'm happy.....
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caught the low end of the housing market boom.
Actually, I built this home during Katrina....it wasn't the, "low end" as far as materials are concerned....
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In my opinion the need for welding would lead to most of his workers going out on their own
That's a good / valid point. Several have, but with my help. In turn, they take our overflow and they throw me a bone or two every now and again as well....

I know you were being sarcastic, but let's not generalize all business owners into one pool.....some are total jerks and I agree....BUT, in my opinion, it's a requirement in some cases....I've been threatened, my family has been threatened, I even had my vehicle turned upside down by a disgruntal employee who's now my best friend and partner in the BBQ business....it's all good.....
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Old 8th June 2008, 2:20 PM   #213
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Moose, I like your story- its interesting and inspiring.
Good for you.

And you are right about generalising all business owners in the same pool. Its a ridiculous thing to do.
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Old 27th June 2008, 11:57 AM   #214
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Originally Posted by a4a View Post
....

and it feels so good to pay cash for a truck.....

...
way way OT, but no matter how much cash you have, you should never pay up front for a vehicle in todays interest rate climate.

poor use of your hard earned cash.

back to the topic at hand?

1) business owners take the risk, employee's take very little and therefore are by definition commoditized. what? the owners are running a charity? provide value to the business or you will be moved along.

2) education. of course it is valuable, but education comes in many different ways. one if through attending classes at university, but thats not the only way to gain valuable education and anyone who thinks otherwise is not only a snob, but also clearly has not benefited from that education because they are clearly not smart enough to think beyond their own filter.
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Old 27th June 2008, 12:01 PM   #215
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way way OT, but no matter how much cash you have, you should never pay up front for a vehicle in todays interest rate climate.

poor use of your hard earned cash.
Why ??... Paying cash for a depreciating asset stops the bleeding right away...

Buying it on credit makes the bleeding continue for up to 5 years..that is 7% for 5 years..
In the end a 30k auto will cost you close to 40k

Auto loans are still fairly high.. 6-8%..
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Old 27th June 2008, 12:02 PM   #216
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but no matter how much cash you have, you should never pay up front for a vehicle in todays interest rate climate
WHAT???

I can walk into in any dealer and get any vehicle 3-5k under sticker price by routing cash to their account.....you're telling me it's better to give them a down payment, then pay interest???? Not me pal.....cash up front, save money, drive away.....
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Old 27th June 2008, 12:21 PM   #217
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Originally Posted by Moose View Post
WHAT???

I can walk into in any dealer and get any vehicle 3-5k under sticker price by routing cash to their account.....you're telling me it's better to give them a down payment, then pay interest???? Not me pal.....cash up front, save money, drive away.....
still way off OT, but interesting none the less

example A
you buy a 25k car for cash. in 4 years its worth 13k and the warrenty is over, which means just at the time the car will start requiring a heavier maintenence and repair burden, you wont be covered. so you own a 13k (ands till declining) asset with a significant cost risk

example B
you lease a 25 car and it costs you 12k over that period. after 4 years instead of "owning" a 13k and decling asset (plus R&M exposure), you have saved the difference and own a 13k cash investment (and growing). and yes you start again leasing another vehicle, but it works in your favour.

leasing vehicles is always the best option.

you own assets that appreciate
you rent assets the depreciate.

there is no upside at all to owning a vehicle. i never understand, is there is anything else in this world that people so easily agree to turn 25 into 20k the minute its purchased?

ps ... lease rates in canada top out at 1.9% give or take

Last edited by demrea; 27th June 2008 at 12:24 PM..
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Old 27th June 2008, 12:24 PM   #218
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The long-term cost of leasing is ALWAYS MORE than the cost of buying, assuming the buyer keeps his vehicle after loan-end.

It doesn't take rocket science to figure out that the cost of buying one car and driving it for ten years is less expensive than leasing or buying five different cars over the same period.
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Old 27th June 2008, 12:36 PM   #219
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Originally Posted by Art_Critic View Post
The long-term cost of leasing is ALWAYS MORE than the cost of buying, assuming the buyer keeps his vehicle after loan-end.

It doesn't take rocket science to figure out that the cost of buying one car and driving it for ten years is less expensive than leasing or buying five different cars over the same period.
i disagree, ....

we can hash it out in a different thread though!
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Old 27th June 2008, 12:36 PM   #220
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Dang Art.....just take my thoughts and post them already.....lol

Example Moose:

Buy a 25k vehicle for 20k, take care of it and drive it until it won't drive anymore......(about 20 years) or pass it on to one of the fruits of my loom, or donate it to someone who needs it...or drive it off a cliff for the fun of it...
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Old 27th June 2008, 12:41 PM   #221
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i disagree, ....

we can hash it out in a different thread though!
No need to too.... numbers don't lie...
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Old 27th June 2008, 12:45 PM   #222
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Originally Posted by Moose View Post
Dang Art.....just take my thoughts and post them already.....lol

Example Moose:

Buy a 25k vehicle for 20k, take care of it and drive it until it won't drive anymore......(about 20 years) or pass it on to one of the fruits of my loom, or donate it to someone who needs it...or drive it off a cliff for the fun of it...
fine ... you keep it 20 years you are right and i defer. but most people do no keep a vehicle for 20 years.

so, what 1987 unit are you driving now?
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Old 27th June 2008, 12:47 PM   #223
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Originally Posted by Art_Critic View Post
No need to too.... numbers don't lie...
yes they do!

id much rather put my money in the bank, you prefer to put your money into metal, plastic and rubber. thats your choice. i will pay for 50% of the car in 1/48th increments.

to each his own, but i dare say if we both started off the with the same $$, at 10 years not only would i be driving a nicer car, my bank account would be better off than yours (without other inputs of course).
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Old 27th June 2008, 12:49 PM   #224
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I have 2 88' Pontiac Fieros that are still in great condition if you really must know.....

They don't rust and get better gas mileage than most new cars now....
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Old 27th June 2008, 1:03 PM   #225
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Cool, Moose...one of the more forward-thinking DeLorean designs. The lines are still contemporary.

I paid cash for the last new vehicle I bought, back in 1985. It was a diesel truck I bought for my then-new business, and still drive it today. Hate putting fuel in it at 5.00/gal, but I digress
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