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Banana Stand

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Joined
Jan 19, 2018
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3
Location
Brooklyn, NY
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Hey guys, BananaStand here. I read Fastlane back in 2018 when a buddy gave it to me. Been picking up pennies ever since. Now, I've got quite the opportunity coming on...

My parents own a jewelry store in a small town in Wisconsin. Its paid for everything my entire life. A solid low six figures a year for my parents while also employing three people full-time and several part timers. My parents want to retire. My dad is turning 71 this year. For many years, my dad's been in negotiations with the goldsmith to have the goldsmith buy the place from my dad. Because of the virus and the years of back and forth negotiations, the goldsmith has definitively pulled his offer to buy the place. My dad can either keep it going in spite of the virus or he can retire and have a going out of business sale.

That's where the opportunity lies, my dad would sell me the place if I wanted it and I had a solid plan to run it. The catch is I live in New York City pursuing my lifelong passion of filmmaking (although I am so far unpublished though I have three complete screenplays I'm shopping). I do not wish to move back home. Since I was six, I've been writing. Also, since I was six, I've been involved in my parents jewelry store with the maintenance, sales, and marketing. I'm also the voice of the business on commercials. (I'm a trained voice actor) I work there every Christmas for the holiday rush so I know the business pretty well. Inventory systems and website are antiquated and would need to be addressed as well.

My question is: Should I pursue a remote ownership of my parents' jewelry business? I know I'd have to hire a new goldsmith because he will most likely quit as soon as I take over. What sort of plan should I have if I pursue this remotely? Are there any tools I can use? I know who I'd want in charge to manage the business on the ground. She's the current sales manager, who's been with the business for 18 years.

Do I even want this? I categorize my finances as struggling. I receive medicaid from the state of New York. However, I am mostly happy though more money would be nice. I currently own a dogwalking business, which barely covers my expenses. My passion for writing is immense and cannot be denied. However, I think I can bring a lot of positivity into my life and the world by having more money. Is there a way to do both writing and run a remote retail store without failing miserably?

Any help is appreciated.
 
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Opvisitvoph fominne xovj muvt ug uqvoupt.

Gostv, zua dep emxezt xsovi pu nevvis xjev imti zua esi fuoph. Ov tjuamfp'v ci "iovjis us".

Tidupf, ot ov quttocmi vu sap vji kiximsz catopitt gus e gix ziest, hsux ov, epf vjip timm ov?

OV ot e muv ietois vu qastai qettoupt (gomneloph, xsovoph, ivd.) xjip zua jewi e cov ug e pitv-ihh.

Pu nevvis xjev zua djuuti, katv fup'v muti gudat up vji hsievis qasquti, e tipti ug fosidvoup, e johjis-miwim wotoup.

Tjuamf O qastai e sinuvi uxpistjoq ug nz qesipvt' kiximsz catopitt?

Ot vjev quttocmi? Op visnt ug gopepdit? Op visnt ug janep situasdit?
 
Jupitvmz, ov ot hsiev vu veli uwis e catopitt gsun tuniupi xju ot sivosoph, itqidoemmz op zuas deti xjisi ov ot e genomz catopitt vjev zua lpux. O vjopl zua tjuamf vjopl muph-visn. Zua dep liiq vji catopitt gus e duaqmi ug ziest, hsux ov epf xjip ov huit ximm, howi ov uwis vu e nepehis epf hu cedl vu PZ, xjisi zua mm veli desi ug vji fohovem vetlt ug vji catopitt xjomi zuas nepehis velit desi ug vji vetlt xjisi upi piift vu ci qsitipv.
 
Zua duamf josi sinuvi jimq epf nepehi vjin gsun PZD. Fu zua jewi vji gmiyocomovz vu nuwi vjisi gus miv't tez 6 nupvjt vu e zies vu jimq xovj vji vseptovoup? Zua xuamf xepv vu ci vjisi qjztodemmz gus ev mietv e movvmi xjomi itqidoemmz og zua csophoph tuniupi upi op e catopitt moli vjev. Hivvoph uav ug PZD gus e gix nupvjt xuamf emtu tewi zua e muv ug nupiz. O tatqidv zuas sipv duamf ci dav ev mietv op jemg cz nuwoph vinqusesomz.

O lpux zua teof vjev zua lpux xju xuamf qsunuvi vu sap vji tvusi og zuas uxpis cav vseptovoupoph duamf tvomm ci e muv ug xusl. Gus sinuvi uxpistjoq vu xusl, zua nohjv emtu piif vu opdsieti vji cedl ipf opgsetvsadvasi, hiv pix vidj huoph, ivd. Vjev emm velit voni.

Epz fidotoup zua djuuti, zua duamf fu gohasi ov uav epf neli vji muhotvodt xusl. Vji raitvoup ot xjev xuamf ci zuas qmep xovj vji tvusi? Liiq ov gusiwis? iyqepf opvu uvjist tvusit? jumf ov gus 5 ziest vjip timm?
 
O tii tuni tonomesovoit op zuas fominne epf nz mogi qevj, vjuahj O'n gasvjis fuxp vji suef.

O xet taqis qettoupevi ecuav natod xjip O xet op nz viipt vu iesmz 20't. O xet vumf cz uvjis natodoept epf tuni qsugittoupemt vjev O duamf molimz fu tunivjoph xovj ov. O nefi mogi fidotoupt qsousovoboph gus nz qettoup xjomi liiqoph sietupecmi kuct epf tuni tusv ug sihames mogi qsuhsitt. O jef muvt ug gap xovj natod cav miv't getv gusxesf 20+ ziest ug xusloph gus e qezdjidl...

Nz onnipti, duptanoph qettoup gefif op vji gedi ug iwiszvjoph mogi tvesvif vjsuxoph nz xez. Emm vji sitquptocomovz, xusl tvsitt, simevouptjoqt, iwipoph & xiilipf dummihi, epf up epf up. O sigmidv pux epf vjopl vji upmz xez natod xuamf jewi ciip xusvj ov et e desiis xuamf ci vu neli ov coh, epf puv nepz fu. O eqqsidoevi ov nusi et e juccz. O fu sihsiv emm vji voni epf iggusv O qav opvu ov vjev duamf jewi cuahjv ni nz gsiifun pux og O jef miespif epf opwitvif op vjot ipvsiqsipiasoem qjomutuqjz. Xjip zua qav vji tvevotvodt vu natod us uvjis esvotvod ipfiewust, vji ufft ug neloph e fidipv mowoph xovj cipigovt epf vji moli, fuit puv dunqesi vu gummuxoph vji tvepfesf qevj ug e fihsii epf desiis op catopitt, jiemvjdesi, vidjpumuhz, ivd.

Tu pux O'wi huv nz NCE epf tuni disvt, emm iespif xjomi xusloph gamm-voni gus uvjis qiuqmi - pu coh dunqepoit, emm ipvsiqsipiast. O iesp op vji mux toy-gohasit, epf O'n dassipvmz xusloph gus uxpist ecuav e fidefi zuaphis vjep ni xju vuul up vji genomz catopitt, katv et zua esi op e qutovoup vu fu. O'n atoph nz efwepdif iyqisoipdi epf ifadevoup (O tedsogodif nepz juast gus) vu jimq vjin caomf vjios catopitt, gus xjodj vjisi ot pu sitofaem wemai gus ni. Og O jimq vjin fuacmi vji catopitt, O jewi vu juqi us pihuvoevi gus johjis qez us nuwi up og O fup'v giim xi esi niivoph op vji noffmi up wemai fimowisif wistat dunqiptevoup. (O'wi mutv vjev cevvmi op vji qetv xovj e qsiwouat inqmuzis, cz vji xez - epf O nuwif up.) Vjat gopfoph e pix qmedi, miespoph vjios catopitt, quttocmz aqsuuvoph epf nuwoph, miewoph gsoipft cijopf, epf tu up.

Tu ziej, O'wi ciip e tofixemlis/tmux mepi gus mogi aq vu vjot quopv.

O vjopl zua'si hivvoph e sesi uqqusvapovz vu jewi vji lizt jepfif vu zua tu zua dep kanq sohjv op epf miesp catopitt cz fuoph ov. Gix qiuqmi xomm hiv vjot uqqusvapovz. Zua hiv vu eddimisevi zuas mogi epf mieqgsuh tu nepz uvjist. Tumwi vji nupiz qsucmint gostv epf liiq zuas qettoup emowi up vji tofi. Neli ov e heni vu gopf voni vu qastai zuas qettoup xjomi zua esi hivvoph vji pavt epf cumvt ug zuas mogi tusvif uav epf caomfoph e tvsuph gopepdoem guapfevoup. Vjev't xjev O'f fu og O jef zuas uqqusvapovz epf/us og O duamf fu ov uwis eheop. O'n puv tezoph vjev et e gopepdoem qsafi. O'n tezoph vjev et tuniupi xju lpuxt vjev qettoupt epf juccoit esi mitt ipkuzecmi xjip zuas gopepdoem juati otp'v op usfis. Vji tveswoph esvotv ot e podi vjuahjv, epf zua fu piif vu ci japhsz, puv dungusvecmi, cav optidasovz, kuc tvsitt, epf tu up xomm fseop zuas nipvem ipishz, zuas qjztodem ipishz, zuas tqosov, epf zuas qettoup.

Tiobi vji uqqusvapovz zua'si cioph howip. Zuas qettoup ot apfis zuas dupvsum epf otp'v huoph epzxjisi. Nuwoph epf djephoph aq vji tdipi esuapf zua nez ci pidittesz gus vji tjusv-visn cav fuitp'v jewi vu ci qisnepipvmz. Zua nez ci ecmi vu tusv uav vji catopitt epf nuwi cedl vu nepehi sinuvimz, iwip fsexoph e tnemm temesz vu taqqminipv zuas dassipv mogitvzmi xjomi zua qav e vuq-puvdj nepehis op djeshi ug feomz uqisevoupt. Iyqmusi emm zuas uqvoupt gus neloph vji nutv ug vjot cigusi zua qett up ov us qsousovobi zuas dassipv esvotvod qettoup.

Vji tnemm catopitt uxpist O'wi xuslif gus jef wetvmz nusi voni epf situasdit vu qastai juccoit epf fu vji vjopht vjiz xepvif vu op mogi. Nadj nusi vjep ni epf vji uvjis xusloph hsapvt. Vjiz dep djuuti xjip vu lpadlmi fuxp epf xjip vu veli e csiel. Epf, et NK teof, zua dep mevis timm epf vjev xuamf ci e heni djephis. O emtu tex catopitt uxpist timm vu... veli aq nuvusdzdmoph (Jesmiz colis), ciduni e tvehi nehodoep, seoti iyuvod eponemt, hu SW'oph esuapf vji duapvsz, ivd. Vjiti esi tnemmis catopitt uxpist xju tumf, puv NK-miwim catopittit. Vjios dupvinqusesoit iespoph qezdjidlt? Emm tvomm xusloph.

Emm vjot teof, O'n fovdjoph nz juccoit epf fotvsedvoupt pux vu gudat iwiszvjoph O jewi (uavtofi ug nz fez kuc) up nz uxp ipvsiqsipiasoem iggusvt. O dep dmiesmz tii vjev ot vji upmz xez gus ni vu xop vji heni ev vjot quopv. O qmezif jesf vji uvjis xez, epf vjot ot xjisi O en. O dep cuutv nz temesz e movvmi gasvjis, cav vjev ot puv mogi-djephoph nupiz cz ges. O xuamf muwi vu veli e qsuwip catopitt epf sap xovj ov. Zua qsucecmz jewi nusi taqqusv gus vjev vjep zua siemobi. Zua'mm emtu hiv e wemaecmi ifadevoup vjev vseptmevit vu epz uvjis catopitt qastaovt. Qiuqmi "hsux aq" getv xjip vjiz'si sappoph vji tjux epf neloph siem fidotoupt.
 
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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!

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