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Excellent stories like that everywhere Marty. While i think a lot of Robert Kioyasakis stuff is silly thats one concept of his i really agree with. While i was reading your post i thought the line "And his name was Jim Penman" might pop up...:)

Thats a great policy Geoff. Getting good staff and dealing with employees is the hardest part of being in business in my opinion. You can only get better at it with practice and experience but judging by the above statement youre off to a flying start.

I stand by any previous statements made under any names. What makes you think i wouldnt. Can you explain what you mean by "why did you have your previous posts deleted'? If you are impying that i requested the forum owners or admin to delete my previous posts, youre crazy. If they are...

As the world relies economically on a fast growing China and it eventually becomes the worlds largest and most powerful economy it will want political influence and power in proportion (just as America has done this century). Scary concept that and will be interesting to see how America attempts...

Im involved in the tourism industry at the moment and have been doing it for a couple of years. Sometimes i have business interests overlapping. At the moment i have become (sort of unintentionally) involved in a semi- passive way in a vending business in Sydney that i originally helped a friend...

OK Its common knowledge that i used to be brains. I would have reregistered as brains but couldnt. But speaking of pasts....well we all have a past hey Kev. If we dont then we should go out and get one. ;)

Jamie, Sounds like you had a few last night mate. :D If you read my earlier posts you'll see i did address the issues in the original question of which there were a few diffrenet ones. The point i was making was that all busineses' expenses are paid by its customers no matter what spin...

Bill I love your doom & gloom baby boomer retirement scenario but i disagree with it as i think there will be major government/RBA/ATO intervention before they let it ruin our economy long or short term. Also funds keep cash for redemptions and should be able to handle a minor run on funds...

Finance these days gives you all sorts of options to refinance the bus loan. You could pay it out with a LOC or use a redraw loan as you mentioned. Or just put in a higher % of your profits to pay the loan down asap. You would be in an enviable position to own a managed, unencumbered Subway...

Hey John, Admire your honesty and determination to succeed. You would already know that academic achievement isnt required for financial success. I have a friend who left school in year 9 (he was at the bottom of all grades) and wasnt getting anywhere. Well he surprised everyone and had a...

My typing is getting worse. Thanks for the reply. At that rate (with the 8.5%/10yr. bus. loan) you will be buidling equity in the business extra quick, which benefits you no end.

Geoff, (off topic) As you have stated the property boom has been good to lots of us with increased equity and wealth over the past few years and the prospect of using that equity in many ways to create more wealth (as you have done). I'd say its more than partly responsible for the...

Good advice i reckon.

David, Your customers do pay for the things you mention, ultimatley a businesses' customers pay for all expenses. Either directly or indirectly.

Have a look at Guppy's MMA (multiple moving average) as used by Alan Hull. http://www.justdata.com.au/Journals/DarylGuppy/profitable_trades.htm Im not a big fan of TA by itself and prefer FA. But TA is good after finding great fundamentals in a company to time entries and exits but dont...

I did similar but not by predicting a boom or a wave, just by deciding that 9% yields in particular areas were about as good as it will get and i bought and bought and waited and waited. Thats a different strategy to buying and selling and buying selling in front of a wave of rising prices.

I have owned Italian cars and have an Italian wife and yes, you are right on both counts. :)

How about a retro picture theatre showing indie/world films with a cafe/restaurant. Thats if its in the right area for that sort of thing. Ive seen a few of those work.

I think theres a few reasons this strategy isnt as good as it sounds: How do you know there is going to be a 'boom' before the fact. Just because we've just had a big one doesnt mean there will be another similar one. Aint hindsight great. Its easy to write this stuff after the fact, not...

Im not sure, check with the Real Estate Institute and/or the Dept. Of Fair Trading in your state. www.reiv.com.au www.consumer.vic.gov.au Let us know how you get on. btw: Have you signed a contract with the agent yet?