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Posted: 11/7/2012 5:17:19 AM EST
...I'm trying to figure out how to profit from what I predict as 4 more years of sluggishness and a growing welfare class.

I'm pretty sure I'm going to close my brick and mortar business. Not out of spite or anger, but because this makes expanding a gamble I'm not willing to take in this climate.
I've just begun looking at samples for a product I plan to market online. I even arranged drop shipping from the US manufacturer! So I plan to concentrate on that, but I want to do something else that will capitalize on atmosphere that we will most likely see....

So, fields I think will grow that I'm looking into:

Debt consolidation and consumer law (people going broke)
Security and security cameras (higher property thefts)
Healthcare tourism (Obamacare)


Please feel free to add to this list of industries you think will GROW in the next 4 years.


Speed

Link Posted: 11/7/2012 5:19:31 AM EST
crime
Link Posted: 11/7/2012 5:20:36 AM EST
Originally Posted By speedracer422:
...I'm trying to figure out how to profit from what I predict as 4 more years of sluggishness and a growing welfare class.

I'm pretty sure I'm going to close my brick and mortar business. Not out of spite or anger, but because this makes expanding a gamble I'm not willing to take in this climate.
I've just begun looking at samples for a product I plan to market online. I even arranged drop shipping from the US manufacturer! So I plan to concentrate on that, but I want to do something else that will capitalize on atmosphere that we will most likely see....

So, fields I think will grow that I'm looking into:

Debt consolidation and consumer law (people going broke)
Security and security cameras (higher property thefts)
Healthcare tourism (Obamacare)


Please feel free to add to this list of industries you think will GROW in the next 4 years.


Speed



Green energy.
Link Posted: 11/7/2012 5:21:17 AM EST
Open a cash advance center, mobile phone store, etc, etc.
Link Posted: 11/7/2012 5:22:01 AM EST
Originally Posted By robb01:
Open a cash advance center, mobile phone store, etc, etc.


Unfortunately have to agree with cash advance center. The ones here in town have lines of people waiting to use their services.
Link Posted: 11/7/2012 5:22:02 AM EST
[Last Edit: 11/7/2012 5:22:20 AM EST by HRomberg]
Booze.

ETA, cheap booze.
Link Posted: 11/7/2012 5:23:54 AM EST
Booze and tobacco will always sell no matter what.


Link Posted: 11/7/2012 5:24:04 AM EST

Originally Posted By HRomberg:
Booze.

ETA, cheap booze.

Ya...that's illegal


Speed
Link Posted: 11/7/2012 5:25:48 AM EST
[Last Edit: 11/7/2012 5:26:04 AM EST by mo98]
Accounting the haves are going to be scrambling to hold on to their wealth. Those that are moving up will have to to fight tooth and nail to keep what they've earned.
Link Posted: 11/7/2012 5:26:22 AM EST
Weed sales will be through the roof!
Link Posted: 11/7/2012 5:26:51 AM EST
Originally Posted By TwoDogKnight:
crime


Isn't that the sad truth.
Link Posted: 11/7/2012 5:27:23 AM EST
How about a business that helps middle-aged white males make the transition to shrugging?
Link Posted: 11/7/2012 5:27:54 AM EST
Anything that you can accept EBT's for.
Link Posted: 11/7/2012 5:29:27 AM EST
Thats easy.

1. Decrease wages
2. Decrease hours
3. ??????
4. Profit
Link Posted: 11/7/2012 5:31:58 AM EST
Originally Posted By BiggEZ:
Originally Posted By robb01:
Open a cash advance center, mobile phone store, etc, etc.


Unfortunately have to agree with cash advance center. The ones here in town have lines of people waiting to use their services.


The amount of these popping up amazes me.
Link Posted: 11/7/2012 5:32:14 AM EST
[Last Edit: 11/7/2012 5:32:40 AM EST by tommyrich]
I'm a business owner too and last night squashed my plans to expand into Texas next year. No way I can afford to take that risk with level of uncertainty right now.

Instead, I'm investing more into my inner city properties. Here's how they work. I pay shit loads in taxes, that money goes to shitheads that live off my tax dollars, they're living in my property, they (and the .gov) pay me rent so I get some of my tax money back. Then around and around we go.
Link Posted: 11/7/2012 5:33:01 AM EST
Link Posted: 11/7/2012 5:33:50 AM EST
we will continue to automate so we can do more with fewer people. health insurance went up 90% this year. Its cheaper to buy equipment. Too bad its all made in Italy.
Link Posted: 11/7/2012 5:41:34 AM EST
I am now looking for a cash job.

Posted Via AR15.Com Mobile
Link Posted: 11/7/2012 5:44:41 AM EST

Originally Posted By speedracer422:
...I'm trying to figure out how to profit from what I predict as 4 more years of sluggishness and a growing welfare class.
...


Please feel free to add to this list of industries you think will GROW in the next 4 years.


Speed


Anything gun or prep related.
Link Posted: 11/7/2012 5:45:41 AM EST
Pot farms.
Link Posted: 11/7/2012 5:46:18 AM EST
Dope
Rolling papers
Bongs
Link Posted: 11/7/2012 5:48:26 AM EST
Funeral Home?
Link Posted: 11/7/2012 5:49:55 AM EST
Originally Posted By speedracer422:

Originally Posted By HRomberg:
Booze.

ETA, cheap booze.

Ya...that's illegal


Speed


The more stuff they make illegal, the more profit centers pop up for the folks that provide said stuff. Not advocating. Just pointing out the economic truth.
Link Posted: 11/7/2012 5:50:41 AM EST
printing EBT cards for the .gov


Gonna be tens of millions more of them soon
Link Posted: 11/7/2012 5:52:34 AM EST
Originally Posted By robb01:
Open a cash advance center, mobile phone store, etc, etc.

Block after block in Phoenix proper you'll literally see a title loan place, a cricket store, a booze store, a pawn store, and some sort of salon. It's hilarious in the stereotyping. They all look rundown and have bars.
Link Posted: 11/7/2012 5:53:05 AM EST
Definitely make sure whatever business you have to get it classified as minority or woman owned.
Link Posted: 11/7/2012 5:58:27 AM EST
Why not stay in your current business?

Speed's Mattress Emporium, We Accept EBT!

Speed's Mattress Shoppe, "Buy Here, Pay Here"

Speed's Mattress Rentals.

Link Posted: 11/7/2012 6:00:13 AM EST

Originally Posted By stockshift:
Why not stay in your current business?

Speed's Mattress Emporium, We Accept EBT!

Speed's Mattress Shoppe, "Buy Here, Pay Here"

Speed's Mattress Rentals.


I've done more "layaway" business in the past week than I did straight sales
It's been tough for the past month or so...


Speed
Link Posted: 11/7/2012 6:09:20 AM EST
Originally Posted By ScopeScar:
How about a business that helps middle-aged white males make the transition to shrugging?


Oh damn!

+1

TRG
Link Posted: 11/7/2012 6:10:58 AM EST
Oversize pants and pre-paid cellular store?
Link Posted: 11/7/2012 6:19:31 AM EST
Link Posted: 11/7/2012 6:20:25 AM EST
Originally Posted By robb01:
Open a cash advance center, mobile phone store, etc, etc.


That takes the EBT.
Link Posted: 11/7/2012 6:21:11 AM EST
Originally Posted By speedracer422:
I've done more "layaway" business in the past week than I did straight sales
It's been tough for the past month or so...


Sorry to hear that. At least you still have the fireworks stand, right?

In all seriousness –– perhaps consider high margin lending. (No, I don't mean Speed's Loan Shark Service.) Look at Greece, Spain and (soon) the United States. Borrowing money is no longer a stigma –– it is getting to be an entitlement.

Back in the day, if you couldn't pay cash for it, you couldn't afford it –– so you saved until you could afford it. Today, folks are willing to shell out big bucks just to get their wants (not needs) now. Borrowing is no longer a shameful event. Today, people define what they can afford by what payments they can tolerate, not whether they can shoulder the fully loaded cost of the item they are purchsing. The sad part of this story is that they believe that by being able to make those payments, they can "afford" the item in question, when this is patently inaccurate.

It won't be long before you see ads like this: "Why pay $600 for an iPhone 7 when you can have one for just twenty four easy payments of $39.99 per month?" I bet there will be more than just a few suckers that will pay $960 (not adjusted for time value of money or compound interest) for a $600 iPhone.

I predict an increase in payday loan and car title loan businesses. I'm already starting to see more of them in my area. The rates charged by these businesses border upon usurious when analyzed in real terms, but inexplicably people use them. May as well make the system work for you, as sad as it may be.
Link Posted: 11/7/2012 6:25:45 AM EST
Originally Posted By mo98:
Accounting the haves are going to be scrambling to hold on to their wealth. Those that are moving up will have to to fight tooth and nail to keep what they've earned.


I sure hope you're right.

I will not, however, raise my rate to take advantage of those trying to keep every last dime. I'll legally fight tooth and nail for someone wanting to keep what they worked so hard to earn.

But, if by chance some welfare leech thinks he/she needs help, they better hope they have more cash reserves than Apple, because I'm not about to help some fucker that stuck me in the back and not get my "pound of flesh" before I'm done. If they thought the IRS could make their money disappear quickly, they haven't seen shit. I'll make David Copperfield look like a rank amateur.
Link Posted: 11/7/2012 6:26:25 AM EST
Originally Posted By speedracer422:
...I'm trying to figure out how to profit from what I predict as 4 more years of sluggishness and a growing welfare class.

I'm pretty sure I'm going to close my brick and mortar business. Not out of spite or anger, but because this makes expanding a gamble I'm not willing to take in this climate.
I've just begun looking at samples for a product I plan to market online. I even arranged drop shipping from the US manufacturer! So I plan to concentrate on that, but I want to do something else that will capitalize on atmosphere that we will most likely see....

So, fields I think will grow that I'm looking into:

Debt consolidation and consumer law (people going broke)
Security and security cameras (higher property thefts)
Healthcare tourism (Obamacare)


Please feel free to add to this list of industries you think will GROW in the next 4 years.


Speed



That single sentence defines the last 4 years of economic struggle.

McCain would have fixed it. Having Obama re-elected will extend that concern for 4 more years. Romney would have been a breath of optimism for business owners to go ahead and do those expansions. It didn't happen.

Prepare for 4 more years.
Link Posted: 11/7/2012 6:28:30 AM EST
I am going to take the next person who asks for "cash" to buy my groceries up on that offer. 2 FSA dollars for 1 of my earned dollars seems right.
Link Posted: 11/7/2012 6:28:49 AM EST
Originally Posted By TwoDogKnight:
crime


I posted this last night as the FSA advanced. Once the money starts to run out, they will be coming for your shit.

http://www.ar15.com/forums/t_1_5/1387436_Safe_Houses.html
Link Posted: 11/7/2012 6:30:43 AM EST

Originally Posted By BiggEZ:
Originally Posted By robb01:
Open a cash advance center, mobile phone store, etc, etc.
Unfortunately have to agree with cash advance center. The ones here in town have lines of people waiting to use their services.

The one adjacent to my business is open 24/7, with CONSTANT traffic. We buy gold, nullify credit cards and mortgages, do short-sales, and are expanding to include a pawn shop. Should be a very good run for the next few years...


Link Posted: 11/7/2012 6:32:26 AM EST

Originally Posted By stockshift:
Originally Posted By speedracer422:
I've done more "layaway" business in the past week than I did straight sales
It's been tough for the past month or so...


Sorry to hear that. At least you still have the fireworks stand, right?

In all seriousness –– perhaps consider high margin lending. (No, I don't mean Speed's Loan Shark Service.) Look at Greece, Spain and (soon) the United States. Borrowing money is no longer a stigma –– it is getting to be an entitlement.

Back in the day, if you couldn't pay cash for it, you couldn't afford it –– so you saved until you could afford it. Today, folks are willing to shell out big bucks just to get their wants (not needs) now. Borrowing is no longer a shameful event. Today, people define what they can afford by what payments they can tolerate, not whether they can shoulder the fully loaded cost of the item they are purchsing. The sad part of this story is that they believe that by being able to make those payments, they can "afford" the item in question, when this is patently inaccurate.

It won't be long before you see ads like this: "Why pay $600 for an iPhone 7 when you can have one for just twenty four easy payments of $39.99 per month?" I bet there will be more than just a few suckers that will pay $960 (not adjusted for time value of money or compound interest) for a $600 iPhone.

I predict an increase in payday loan and car title loan businesses. I'm already starting to see more of them in my area. The rates charged by these businesses border upon usurious when analyzed in real terms, but inexplicably people use them. May as well make the system work for you, as sad as it may be.

Thanks. It's an idea that a national competitor already is doing in my area (not counting the rent a center type places). The financing is done by separate companies and you have to have a certain volume in sales to qualify. There are smaller companions that will do it, but it involves a LOT of paperwork and a slew of checks to be faxed in. They use a loophole that instead of charging "interest", they just have fees Screw up the paperwork or your customer lies, and you don't get paid and you're out the product.

Anyway, I'd need a banking license to do it myself and not use an outside company; thus free layaway.

The truth is the business has grown overall, better than the projections in my original business plan, and I'm starting to have a real presence in my area. However, due to so many other competitors closing down in the past few years, more national guys have moved in. Without going into a lot of detail, I HAVE to expand and move to a bigger/better location within the next year if I want to keep growing, otherwise, I'll be out marketed by my competitors. No question.

I don't want to take that risk if the economy stays this sluggish and everybody's taxes, fuel costs, and health insurance goes up
I hate to close up shop and watch years of hard work go down the drain, but I'd feel even worse if I had to take out a mortgage to pay off business debt because I was just a too bit optimistic and refused to look at the signs.

It is what it is and I don't want to get all depressed about it.
It's just time to do something else is all...


Speed
Link Posted: 11/7/2012 6:32:42 AM EST
Invest in section 8 housing projects and "green energy" initiatives.


Actually, my company will look to do more business internationally because Obama will surely not be friendly to the oil sector in the coming four years. We should actually do ok, we've done business in Europe and Asia before and plan to go back abroad in 2013.
Link Posted: 11/7/2012 6:33:03 AM EST
No/few employees

Offshore

Drop ship

Etc.

Link Posted: 11/7/2012 6:33:18 AM EST
Herein lies the failure of your theory.

Originally Posted By mo98:
Accounting the haves are going to be scrambling to hold on to their wealth. Those that are moving up will have to to fight tooth and nail to keep what they've earned.


It will become increasingly difficult for anyone to move up. That's the dirty little secret of taxing the "rich" ever more. This creates a huge barrier to creating more rich people. (however it is defined)
Link Posted: 11/7/2012 6:33:34 AM EST
OP, open a pawn shop.

Really.
Link Posted: 11/7/2012 6:34:44 AM EST
I have decided to ponder my tshirt business to the other side and charge 50% mark up instead of the usual 10-20% for designs I like.

I'm gonna get some of my money back from these assholes one way or another.
Link Posted: 11/7/2012 6:35:49 AM EST
[Last Edit: 11/7/2012 6:36:34 AM EST by Bubbatheredneck]

Originally Posted By mo98:
Accounting the haves are going to be scrambling to hold on to their wealth. Those that are moving up will have to to fight tooth and nail to keep what they've earned.


Good luck with that.

Accountants will become de facto IRS agents.

Makes pretty good sense from the .gov's perspective.






Link Posted: 11/7/2012 6:37:51 AM EST

Originally Posted By piccolo:
OP, open a pawn shop.

Really.

Lol. No.

There is one in my town right now; opened up about a little after I opened my shop.
They get plenty of advertising in the Police and Fire section of our paper every week I don't really want to be in the position of handing out cash for police evidence all day; regardless of the profit

Speed
Link Posted: 11/7/2012 6:38:17 AM EST
[Last Edit: 11/7/2012 6:40:08 AM EST by AA717driver]
Originally Posted By Sajer:
Booze and tobacco will always sell no matter what.




And THOSE stores need to be right next to the Cash Advance store.

The Trifecta of The New America.

TC

ETA: Make sure all three places sell scratchoff lotto tix. Sure win.
Link Posted: 11/7/2012 6:42:01 AM EST
Originally Posted By piccolo:
OP, open a pawn shop.

Really.


Not really. Lots of working poor haven't got anything left worth pawning. You should see some of the crap people bring in.CD collections, computers that run Windows XP, rusted Chinese generators, dishes, etc. We'll continue to make money, but people mostly sold their gold when it went over $1700 and what they've got left is junk. I rarely see power tools worth a dime now. The contractors are either toughing it out or they gave up. They seem to not understand why we don't want to buy their Ryobi tools.
Link Posted: 11/7/2012 6:45:33 AM EST
I am thinking about opening a store that only excepts EBT cards. Make the bums feel at home while they are shopping. No more guilty stares from the guy that just worked his ass off. It will be like a Sams Club for scum.
Link Posted: 11/7/2012 6:48:00 AM EST
Originally Posted By OKC556CPA:
Originally Posted By mo98:
Accounting the haves are going to be scrambling to hold on to their wealth. Those that are moving up will have to to fight tooth and nail to keep what they've earned.


I sure hope you're right.

I will not, however, raise my rate to take advantage of those trying to keep every last dime. I'll legally fight tooth and nail for someone wanting to keep what they worked so hard to earn.

But, if by chance some welfare leech thinks he/she needs help, they better hope they have more cash reserves than Apple, because I'm not about to help some fucker that stuck me in the back and not get my "pound of flesh" before I'm done. If they thought the IRS could make their money disappear quickly, they haven't seen shit. I'll make David Copperfield look like a rank amateur.


Hmmmm, I like the cut of your jib.

I don't make enough to warrant the services of a CPA more than once a year, but I'm open to shopping for a new one. Are you in the OKC metro area?
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