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Anyone familiar with banking procedures?

green_tea

Member
guys, run a real business... it really isn't hard to funnel cash into it.... yeah you pay taxes, but you are under the radar, at least until you get large to the point its better for them to bust you vs let you continue paying taxes.

look for cash businesses... bar, coffee shop, book store, plumber, contractor (building), electrician, etc etc...

read all 3 pages, and reflect on what julian has said...

start early, show growth, and prosper... hell after a few years of learning the business enough to look like you actually do that business, you will probably be able to get out and just do that job...

if you are growing to make money for profit, fine whatever, but dont think you can do it forever!

have a exit plan; money with family / friends. a business to fall back to that isn't owned by you, etc etc..

if you have a big enough grow op, you NEED to start thinking long term, not short term.

EDIT: use your profits to start whatever business you feel you would enjoy, its the only way to prosper in life...

hell if growing pot is what you enjoy, do it as legally as possible... open up a green house, sell some hydroponic tomatoes etc etc.. do what you want with the money.

pot isn't going to get you to movie star status, or rapper status... and if it does, don't expect to stay there long (just like the movie stars, or the rappers)

invest in your education, get a business degree, try to be a lawyer.. the more you know, the less you have to outsource, the safer you are...

construction, wiring, HVAC, PCs, biology.

look back to your young days, when you were in middle school looking through microscopes at cells. again, DO WHAT MAKES YOU HAPPY!
 
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Y

yamaha_1fan

Yeah, sure run a real business.

First problem is if you dont have clean money to start the business, you have an issue. You cant walk into a bar, plop down 300K and say I want to buy your bar. If you do, you better not be growing anymore. Thats the whole point of this thread, is how to get money into the bank so you can do legit thinks.

Electrician, contractor are skill related businesses that you would have to actually work in every day. I owned a small business and had several employees, I still worked 60 hours a week. And if you dont know those trades, you are SOL

If you are going to invest in a business you want to OWN a business that makes money, not WORK in a business that you own. If you need more info read this book called "Rich Dads Cashflow Quadrant". Its a pretty simple concept http://www.richdad.com/store/ProductDetail.aspx?id=22

I was on the wrong side of the quadrant. Hell I still am but doing much better and working towards getting to the other side

I read a few of that guys books




BTW, this is taking the thread off topic. These types of discussions are frowned upon and JJ has been nice enough to leave this open. If we cross the line, he may close it. If you want to talk about it more PM me, start a group etc and I'll be more than happy to talk. But for now lets keep this about banking procedures
 
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