G
GuestUser140
Guest
What an acheivement Michael congrats and thanks for the thread.
I have a few questions, when you started out were you focused on a particular market or were you just buying and selling anything? If you were buying and selling anything how did you build a brand around it? Did you brand yourself as a buy and sell anything type of a store?
In terms of tax how did you structure your business at the beginning? did you do more offline transactions to beat the taxman? If it was online were you paying any tax? If not then how when everything is tracked online?
Focused on one thing from the start. It doesn't take half a brain to know what sells best. Be driven by popularity rather than margins, 8% margins buy you a Ferrari if you got need/demand/volume on your side.
Your problem is that you're worrying about taxes before you've even earned a dime. Get an accountant. You want to be a business that hands out invoices with warranty. A company people tell each other about, not just a dodgy guy trying to make a quick buck. It's good to think about how you can maximize your bank account, but use your creativity on a different playing field. Aka, "how can I make more people buy from me?"
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today