Your Questions About Successful Trading Business

Sharon asks…

Would this be a good time to start franchising my business?

I clean carpets. I do a really good job and made some really good choices in equipment. I got in at a relatively low cost compared to some others. Despite the weak economy, I’m doing well. I am doing over $4,000 a week in sales. I have two techs on the road, I do sales and estimates, sometimes I clean carpets too.
I started this alone in 1997. Honestly, the first year was tough, but I hired my first helper in 1998. 2001 was about as bad as my first year and I worked alone from spring of 2001 until summer of 2002, Since the summer of 2002, things have gotten better and better every month.
I’d like to think I am an expert in this business. I have successful experience as well as over 500 hours of formal training from trade associations and manufacturers.
I do both residential and commercial work. I see some companies sell you about $3,000 worth of equipment and train you for about 30 hours. They charge you 5x the cost because I suppose they consider their training so valuable. I once hired an employee of a franchise. He was not very good. He had more training in high pressure sales tactics than anything else. I think I’m better than that. I operate my business based on quality work at a fair price, not grab the cash and dash. This business isn’t going to make you rich, but it pays OK, if you want to work hard. I fear most people looking into franchises are looking to get rich quick. I can’t help you with that.
Any ideas are appreciated.

John answers:

From what you’ve said, you sound like you have your stuff together. I mean, you’ve been in business for about 12 years, so the experience is there.

I believe you could do well on improving your business, no matter how the market is right now. I think it mainly depends on how you market yourself and your business!

Sandra asks…

what is good for the goose, is good for the gander?

A while back I was in court with my female client defending a request by her husband that she be ordered to pay him spousal support. My client was irate over the fact that her husband would even think to make such a request, notwithstanding the fact that her net worth and earnings significantly outgrossed his. As we argued the case to the judge, my client kept telling me that this was ridiculous, a man should not be seeking spousal support from a woman. I told her that in my view, what is good for the goose, is good for the gander and while as a principal I, myself, was opposed to spousal support, if one spouse could get it from the other, it had to go both ways.

This conversation reminded me of a similar one I had at an earlier time with a female colleague of mine. Her husband sought spousal support from her and she was equally outraged over it. As she put it “it’s not something you bargain for when you get married”. I reminded her that most people did not bargain for divorce at all, and that, while I was sympathetic to the fact that she did not want to pay the support, there had to be equal treatment under the law. If she could get it, why shouldn’t he also be able to?

In my more than 23 years of practicing family law I have heard just about all there is to hear when someone comes into my office. These were not the first times I have heard this complaint from women about spousal support. It also is not the first time I have heard similar statements when it comes to custody. Just last week a female client told me that she did not understand why her husband had a right to share equal time with their children when she was the mother. She complained to me that if they were still married, he wouldn’t have equal time, he never spent that much time with the kids before. I told her that this is one of the consequences of divorce, if you want to get divorced, you have to understand that the other party has rights just like you do and that one of those rights, is the right to spend equal time with the children if their father is willing and able to do so.

These talks in my office really emphasize the double-standard that seems to exist in the minds of many women caught in the midst of a divorce. It is totally acceptable to have the man pay spousal support, but not the woman. It is totally acceptable to have the mother raise the kids, but not the father. All of this makes me wonder, what was the point of the battle for equal rights? In this day and age, these women are the daughters of some of the same women who I remember burning their brassieres in the 60s, the daughters of women who stopped being stay at home mothers so they could go out and work, the daughters of women who went back to school to get advanced degrees. In many cases, these women themselves are the embodiment of the example that their mothers set for them. Some of them are overachievers, who can and have accomplished major feats in the business world, but somehow still see it as appropriate to be treated differently in the arena of the family law court. In the context of a child support dispute, one of my female clients lamented that “so I went out and built this successful business and my reward is I have to pay child support to him?”.

For years men bore the brunt of fallout of a divorce proceeding. They built businesses and professional practices and then had to buy their wives out of those businesses, or trade their homes for the businesses in the property settlement. They had to pay spousal and child support on top of it. And, to add insult to injury, many of them were relegated to visits with their children on alternating weekends and one night per week. This situation was commonplace in the days when men were the primary breadwinners and women stayed at home with children. However, times have changed. It has taken years of lobbying by father’s rights organizations to the state legislatures, lots of time spent educating judges about the benefits that fathers can provide to their children if given the time to spend with them, and yet, it seems, that to a large percentage of the female population, this change to a more egalitarian legal system is somehow unjust. Society has changed and the family has changed. The traditional role models are not what they used to be. Women are out in the workforce, are often the breadwinners, and provide the same function in many families and in society that were primarily the province of men up until recent decades. It is only appropriate, therefore, that women and men be treated in an equal manner when it comes to the painful subjects of support and child custody that arise in divorce proceedings.
Men are put in the spot light of being the main culprits of inequality. But it seems that many women at this day and age don’t want it themselves. There is less or no shame towards women for this.

John answers:

I think you make a good point.

I think this shows that men face more discrimination than women, as men don;t try to stop women from getting jobs, but women do feel more entitled when it comes to these things.

Steven asks…

I feel discouraged and angry every time I call my family?

I have graduated from college for 2 years now I want to achieve financial freedom. I resigned from my job and begin to prepare to do international trade business. I need to think about it, to read business books, to communicate from other people who is successful at international trade, to apply for credit card from a bank, to inquire suppliers,etc. In the meantime I also post advertisements to do interpretation as a side project so I can earn some money to support myself. But by now (one month from resignation) I have not earned any money. When I call my family members, they don’t appreciate my effort, let alone supporting me or encouraging me. My mom often scolds me. She thinks I’m fooling along. Her point is unless I can make a lot of money right now, I should go to work in a company like others. She is so shortsighted.Every time I call my family, I feel discouraged and angry. I feel reluctant to call my family because being scolded doesn’t feel so good.They often ask me “what are you doing”. When I answer “I am thinking, learning, reading books,preparing, communicating with helpful persons, running through necessary procedures,etc.” Then they reply, “oh,you are doing nothing. Are you making money now? Why do you still need to read books? You have studied in schools for 16 years, haven’t you read books? How many books do you still have to read? When can you make a lot of money? Are you evading your responsibility by reading books? Many people don’t read any books, but they still manage to make a lot of money. You have read many books,but you have not made a lot of money so far. What are you doing?’ I feel so bad,angry, humiliated, a sense of failure,etc. What can I do? Please suggest! I think I am trying my effort so far.
How can I talk to my family?
How can I talk to my family so they can understand me and support me?
How can I talk to my family so they can understand me and even support me?

John answers:

If calling your family bums you out, then the answer is obvious: don’t call them.

That said, they do have a point about working until you can get your international trade business up and running. Why couldn’t you read your books during the nights and weekends? Why couldn’t you have a day job to bring in the cash to support yourself while you build up this business, maybe even save enough to contribute to start-up capitol? Wouldn’t going to work for another company give you a chance to network, finding potential clients, and, maybe someday, potential employees for your business?

Michael asks…

do i have to have a sharp brain to be successful in business?

am 24, I think i have adhd/scattered brain since school. I think i am smart, but when it comes to paying attention to details i tend to get distracted very easily. I daydream a lot, i am very open minded. i am very good at giving feedbacks, i look at things in a big picture. Basically im like them jack of all trades but masters of none kinda person. i play almost every sports and i am quite good at every one of them.

John answers:

You need to answer that for yourself, people on yahoo answers don’t know you and most don’t know sh it.

Betty asks…

Is trading in stock market more like a skill rather than business?

Like it requires highly analytical skills to observe trend of a stock….so it seems more like a skill or talent ….thats why most people loose money bcoz they lack analytical skills……so my question is that which sign people can be successful in this segment??

State your sun/moon/ascendent/mercury
I have Aries/taurus sun
Aquarius moon
Aries mercury
Scorpio rising

John answers:

If you think horoscopes will help you invest in the stock market, you’re gonna be one heck of a bagholder.

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