How about a cheque cashing/payday loan business in today's scenario?
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Chandresh
Advice is free – lessons I charge for!!
Quote:
Originally posted by chandresh
How about a cheque cashing/payday loan business in today's scenario?
Quote:
Originally posted by mcg7
Quote:
Originally posted by chandresh
How about a cheque cashing/payday loan business in today's scenario?
Great idea, I see so many such shops in my area.
how this business work ?
shop owner get commission for cashing cheque ? why cheque owner can't cash it in bank or take line of credit ?
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Quote:
Originally posted by mcg7
Quote:
Originally posted by chandresh
How about a cheque cashing/payday loan business in today's scenario?
Great idea, I see so many such shops in my area.
how this business work ?
shop owner get commission for cashing cheque ? why cheque owner can't cash it in bank or take line of credit ?
HONEST. : I consider myself 50% honest the other 50 hard working.
RELIABLE : 100% Reliable.
TRUSTWORTHY : 200% Trust wothy. I will take care of your life together with mine. That brings it up to 200.
Now, what can you start with a five grand capital and clear two grand.
Get back here with a few good ideas. When you do and the others jump on it, we have something going between all of us here.
FH.
HRH LMC
Adamthorat has given a mixed picture - on one end he says that it is a business controlled by big companies (so obviously quite lucrative), but at the same time the gloomy side is that one has to deal with people who are hand to mouth, or without proper documents and who owe taxes etc.
Any other views on this business which I know has huge profit margins but seemingly not a high capital investment?
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Chandresh
Advice is free – lessons I charge for!!
I know a retired gentleman who always worked with furniture for a hobby. After retirement, he went into furniture restoration business. Turned part of his basement into work space and gets business through KIJIJI ads. Makes quite a bit. But you need to have a zeal, dedication and actually be interested in doing things. Can't go out, get a bunch of tools and suddenly tell yourself, you will start fixing puters (for example) so look inside yourself and see if ya got any skills or hobbies that you can turn into cash on the side. You can always use kijiji to look for business. The furniture restorer has now become so popular with old folks around town, he can't accept all the jobs that come his way! Don't make it sound like an official business to avoid tax issues.
If all ya got is a pair of arms for use, your options maybe very limited... Skills and hobbies rock!
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