AcquireCurrency
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- Joined
- Jul 20, 2011
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Welcome
My name is 'AcquireCurrency' and I am 17 years old living in the UK
I have created this thread so that I can document the progress of my journey in the fastlane - I have read MJ's book, and plan too read it again once my paperback version gets here.
After many frustrating days of looking for business ideas, I 'accidently' spotted an excellent oppurtunity to start a fastlane business. The idea came to me after saying “I wish there was ...", and after some brief research of the idea I noticed that this market hadn't be exploited to anywhere near it's full potential in the UK - the only TWO competitors I found had done a shit job on both their websites and overall marketing.
My budget is just about $4,500 - I earned this through an ebay business I ran for several months. Click here for some info about that
Within a year I hope to rent a small warehouse, which is only a 3 min bicycle ride from my house.
Goals for this month
Planning
Research (Legal, Payment systems etc)
Decide on a name
Build pre launch website
LIFE GOALS
Pay off my parents debt and mortgage
Own a house near the beach in either florida, spain or cali
Have a silver Ferrari 599 GTB Fiorano, an executive type car for feeling like a boss (Merc, BMW, Bentley) and a Shelby GT500
Own an exotic car club with my father and brothers, with annual cruises across USA & Europe
Help others by starting my OWN charities
BUSINESS GOALS
(£1 = $1.63)
December 2011
Revenue of £500 p/month
Achieve atleast 100% growth in revenue every SIX MONTHS
Change from Sole Proprietorship to a Limited Company
June 2012
Revenue of £1,000
Move into warehouse (used for storage of stock)
December 2012
Revenue of £2,000 p/month
June 2013
Revenue of £4,000 p/month
Upgrade size of warehouse (storage room, office and delivery bay)
Employ a worker (Roles: warehouse and deliveries)
December 2013
Revenue of £8,000 p/month
Employ a sales rep
June 2014
Revenue of £16,000 p/month
Upgrade size of warehouse (LARGE storage room, LARGE office, delivery bay and an EXTRA room)
Employ a manager
December 2014
Revenue of £32,000 p/month
I don't know when I will update this, could be hourly or monthly - whenever good progress is made or problems occur.
Don't hesitate to post some questions for me!
Thanks
My name is 'AcquireCurrency' and I am 17 years old living in the UK
I have created this thread so that I can document the progress of my journey in the fastlane - I have read MJ's book, and plan too read it again once my paperback version gets here.
After many frustrating days of looking for business ideas, I 'accidently' spotted an excellent oppurtunity to start a fastlane business. The idea came to me after saying “I wish there was ...", and after some brief research of the idea I noticed that this market hadn't be exploited to anywhere near it's full potential in the UK - the only TWO competitors I found had done a shit job on both their websites and overall marketing.
My budget is just about $4,500 - I earned this through an ebay business I ran for several months. Click here for some info about that
Within a year I hope to rent a small warehouse, which is only a 3 min bicycle ride from my house.
--------------------------------------
Goals for this month
Planning
Research (Legal, Payment systems etc)
Decide on a name
Build pre launch website
LIFE GOALS
Pay off my parents debt and mortgage
Own a house near the beach in either florida, spain or cali
Have a silver Ferrari 599 GTB Fiorano, an executive type car for feeling like a boss (Merc, BMW, Bentley) and a Shelby GT500
Own an exotic car club with my father and brothers, with annual cruises across USA & Europe
Help others by starting my OWN charities
BUSINESS GOALS
(£1 = $1.63)
December 2011
Revenue of £500 p/month
Achieve atleast 100% growth in revenue every SIX MONTHS
Change from Sole Proprietorship to a Limited Company
June 2012
Revenue of £1,000
Move into warehouse (used for storage of stock)
December 2012
Revenue of £2,000 p/month
June 2013
Revenue of £4,000 p/month
Upgrade size of warehouse (storage room, office and delivery bay)
Employ a worker (Roles: warehouse and deliveries)
December 2013
Revenue of £8,000 p/month
Employ a sales rep
June 2014
Revenue of £16,000 p/month
Upgrade size of warehouse (LARGE storage room, LARGE office, delivery bay and an EXTRA room)
Employ a manager
December 2014
Revenue of £32,000 p/month
--------------------------------------------
I don't know when I will update this, could be hourly or monthly - whenever good progress is made or problems occur.
Don't hesitate to post some questions for me!
Thanks
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