crashmonitor Posted November 11, 2015 Share Posted November 11, 2015 Pretty much covered all the potential pit falls...restaurants, hotels, pubs, holiday lettings. They are not viable business especially in our richly valued property world. Wetherspoons manages a profit through economies of scale, without that it's a good way to burn through money. The biggest laugh is that these business' are often the subject of media property porn such as Escape to the Country. Basically they are business' for final salaried or cash rich boomers that want to play at being a businessman. 90% will never turn a profit as it is sucked into refurbs and on going costs. Forget it and be a consumer instead of these services because you are getting the product at virtually cost whilst the hotelier, restaurant owners etc are slaving away for nothing...well may be tax credits. Link to comment Share on other sites More sharing options...
porca misèria Posted November 11, 2015 Share Posted November 11, 2015 Travel agent in Yorkshire .... I want a discount on that price! Link to comment Share on other sites More sharing options...
crashmonitor Posted November 11, 2015 Share Posted November 11, 2015 Local delivery service? If you are going to make a spectacle of yourself, you may as well do it for money. Rather reminds me of the monkey man of Llandudno who wheels around a monkey in a pram all day every day whilst doing a bit of a caper to music...if you've been to Llandudno recently I'd be very surprised if you hadn't bumped into him because I do every time. And all this effort for nothing, the guy doesn't have a collection tin. http://www.dailypost.co.uk/news/north-wales-news/the-monkey-man-of-llandudno-5320264 Link to comment Share on other sites More sharing options...
porca misèria Posted November 11, 2015 Share Posted November 11, 2015 Local delivery service? Hmmm. Extrapolate from the dates of the books, and Wilt must be somewhere in his 70s by now. Hasn't aged too well, judging by the picture. Link to comment Share on other sites More sharing options...
John51 Posted November 11, 2015 Share Posted November 11, 2015 Guy I once knew went into business making red telephone boxes. He started with a £40k redundancy payout and ended £40k in debt. Didn't get a single customer. Selling insurance is a good scam. Hire women canvassers to get appointments door to door, ie the low grade domestic market. Commission only guys to sell the paper. Collect commission from the insurance company (close to 2 years worth of monthly premiums) and pay yourself well. When the policies start bouncing, (low grade domestic remember,) the company becomes insolvent as there are no funds to repay the commission but you've already had your generous wages. Rinse and repeat. Also of dubious morality is the charity game. I thought I knew the difference between right and wrong before I got involved with it but now I see all cats as grey. Link to comment Share on other sites More sharing options...
MrPin Posted November 11, 2015 Share Posted November 11, 2015 Wedding tackle hire? Interesting. He always bought shit cars that blew up. A good chauffeur, but not much of a mechanic. Link to comment Share on other sites More sharing options...
frozen_out Posted November 11, 2015 Share Posted November 11, 2015 Guy I once knew went into business making red telephone boxes. He started with a £40k redundancy payout and ended £40k in debt. Didn't get a single customer. Selling insurance is a good scam. Hire women canvassers to get appointments door to door, ie the low grade domestic market. Commission only guys to sell the paper. Collect commission from the insurance company (close to 2 years worth of monthly premiums) and pay yourself well. When the policies start bouncing, (low grade domestic remember,) the company becomes insolvent as there are no funds to repay the commission but you've already had your generous wages. Rinse and repeat. Also of dubious morality is the charity game. I thought I knew the difference between right and wrong before I got involved with it but now I see all cats as grey. When me and my Mrs. Were potless in Australia she took a job as a charity collected - you kept a third of everything up to 400 AUD and half after that. She made a packet the first week, so I thought I'd get in on the game. Unfortunately I'm not cut out for knocking on doors asking for money so I quit after about 5 houses having collected the grand sum of zero. Link to comment Share on other sites More sharing options...
happy_renting Posted November 11, 2015 Share Posted November 11, 2015 Halal Pork Butcher. Link to comment Share on other sites More sharing options...
justthisbloke Posted November 11, 2015 Share Posted November 11, 2015 A good one in the papers a few years back was Christmas hampers as I recall. Take punters money all year then go bust in November. Although that one may have crossed the threshold into actual crime - it certainly looked like it. Link to comment Share on other sites More sharing options...
sPinwheel Posted November 11, 2015 Share Posted November 11, 2015 World Peace Organisation. Link to comment Share on other sites More sharing options...
shindigger Posted November 11, 2015 Share Posted November 11, 2015 . Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted November 11, 2015 Share Posted November 11, 2015 Stuff that involves the apparatus of the City of London in some way seems like a good place to start. Always felt that much of what was listed on AIM was the type of outfit the OP described- taking other people's money and , ermm, that's it. Come back to market for a rights issue now and again, a couple of interim statements here and there- sorted. Even better if you are based abroad and in a line of business which is tantalising in terms of knockout potential- game changing tech, or drugs research etc. A certain amount of opaqueness is obviously required in such lines of business which inevitably makes it easier to limit information in the public domain. Link to comment Share on other sites More sharing options...
MrPin Posted November 12, 2015 Share Posted November 12, 2015 A good one in the papers a few years back was Christmas hampers as I recall. Take punters money all year then go bust in November. Although that one may have crossed the threshold into actual crime - it certainly looked like it. Yes, there was some Christmas saving club that went bust. I felt really sorry for their customers. http://www.thisismoney.co.uk/money/markets/article-1603407/Xmas-hamper-club-goes-bust.html Link to comment Share on other sites More sharing options...
Northerner Posted November 12, 2015 Share Posted November 12, 2015 Stuff that involves the apparatus of the City of London in some way seems like a good place to start. Always felt that much of what was listed on AIM was the type of outfit the OP described- taking other people's money and , ermm, that's it. Come back to market for a rights issue now and again, a couple of interim statements here and there- sorted. Even better if you are based abroad and in a line of business which is tantalising in terms of knockout potential- game changing tech, or drugs research etc. A certain amount of opaqueness is obviously required in such lines of business which inevitably makes it easier to limit information in the public domain. Sounds like Renovo .... https://en.wikipedia.org/wiki/Renovo_plc Link to comment Share on other sites More sharing options...
Orleans Posted November 12, 2015 Share Posted November 12, 2015 Yes, there was some Christmas saving club that went bust. I felt really sorry for their customers. http://www.thisismoney.co.uk/money/markets/article-1603407/Xmas-hamper-club-goes-bust.html I never understood these clubs. "Lend us your money at regular intervals throughout the year and we'll let you buy something at the end if we don't go bust in the meantime." What's wrong with the coffee jar next to the kettle? Is it just a discipline issue? Similarly the private change-converting machines in the foyers of supermarkets. Your money is already legal tender, no? Bizarre. Link to comment Share on other sites More sharing options...
Niall of the Nine Hostages Posted November 12, 2015 Share Posted November 12, 2015 I vaguely remember a thread here about the coaching bubble. Link to comment Share on other sites More sharing options...
@contradevian Posted November 12, 2015 Share Posted November 12, 2015 Web hosting Any form of 'day trading' Link to comment Share on other sites More sharing options...
John51 Posted November 12, 2015 Share Posted November 12, 2015 I never understood these clubs. "Lend us your money at regular intervals throughout the year and we'll let you buy something at the end if we don't go bust in the meantime." What's wrong with the coffee jar next to the kettle? Is it just a discipline issue? Similarly the private change-converting machines in the foyers of supermarkets. Your money is already legal tender, no? Bizarre. Some people just can't save on a regular basis but they are able to get by on a bit less than usual. iow, if it's available, they spend it. For people like this, knowing (hoping?) there will be a hamper and.or a lump sum come crimbo is a boon. Link to comment Share on other sites More sharing options...
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