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Even if it failed, the experience they get is invaluable.. Not something a fixed salary job can teach you...
1. I have served the nation in a combat unit for 2.5 + 10 years. I had fulfilled my duty as a citizen, but has the country do it's part for me?
2. I don't know where the threat of CCP is, but I know the threat of CECA is already at my doorsteps
3. I had been called a CCP, JHK, Pinoy, but they never called me a CECA..
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(09-10-2021, 01:10 PM)sgbuffett Wrote: I had a long discussion with a potential business partner on a car rental business 2 yrs ago. Idea was to was to start with 4 vehicles rental to grab and gojek drivers use the cashflow to buy more cars.
Its a decent idea but I wasn't keen on this type of business as there lots of admin and do not like cars due to pollution.the guy whom I talked to now as 8 vehicles for rent after 2 yrs ...for him was quite smoothly because he used to be a car rental employee so was familiar with all the procedures insurance etc. But still had to work really hard.
But thus group of youngsters pulled it off with a very small capital
20k.................toy cars , huh ?
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(09-10-2021, 03:32 PM)Napoleon Porlumpar Wrote: 20k.................toy cars , huh ?
In Singapore, 20K can buy only 4 car tires..
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(09-10-2021, 03:35 PM)debono Wrote: In Singapore, 20K can buy only 4 car tires..
Can buy 1 9yrs old car lah u dumb ass
(This post was last modified: 09-10-2021, 03:36 PM by
EXBB.)
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I went Langkawi abt 5 yrs ago and rented a car from this Chinese Malaysian. He came to Langkawi with his wife after his business failed in KL.
Saw the opportunity in car rental after becoming a tour guide there. Within 10 yrs he was able to buy a bungalow there together with another 7 cars.
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Now pandemic still got business?
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(09-10-2021, 03:49 PM)Notdumb Wrote: I went Langkawi abt 5 yrs ago and rented a car from this Chinese Malaysian. He came to Langkawi with his wife after his business failed in KL.
Saw the opportunity in car rental after becoming a tour guide there. Within 10 yrs he was able to buy a bungalow there together with another 7 cars.
Then what happen ?
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20k down payment 500k loan
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(09-10-2021, 04:06 PM)SeewhatLook Wrote: 20k down payment 500k loan
500K loan no collateral or no guarantor..?
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(09-10-2021, 01:10 PM)sgbuffett Wrote: I had a long discussion with a potential business partner on a car rental business 2 yrs ago. Idea was to was to start with 4 vehicles rental to grab and gojek drivers use the cashflow to buy more cars.
Its a decent idea but I wasn't keen on this type of business as there lots of admin and do not like cars due to pollution.the guy whom I talked to now as 8 vehicles for rent after 2 yrs ...for him was quite smoothly because he used to be a car rental employee so was familiar with all the procedures insurance etc. But still had to work really hard.
But thus group of youngsters pulled it off with a very small capital
he talked sensibly and looks enterprising. gd to hv that positive thought although failure or success is a different matter.
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