About Me

I have always been an entrepreneur since my early years. I try a lot of things and have been fortunate to have had many great experiences in my life, all of which I have learned from. I have a passion for life, reading, learning, and teaching others how to improve their lives. This is the purpose of this blog.

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    Archive for the ‘Business’ Category

    Adventures in the vending business… and I wrote my first book!

    Sunday, December 7th, 2008

    As you may know, I have been spending a lot of time over the past few months on getting into the Bulk Candy Vending business, expanding my business, and getting it all running properly and optimized.

    When I was getting into the business, I did as much research as possible. I talked to people in the business and people that were selling routes. I didn’t know many of these people very well in the beginning. It was difficult to tell what information was real and what was a sales pitch. I read several eBooks that I purchased online about the Bulk Candy Vending business. I found some blogs associated with vending and read all the posts on them. I devoured all the information that I could. I wanted to make sure that I knew what I was getting myself into.

    Then, I started buying. I bought half a dozen preexisting routes as small as 6 machines up to the largest being 165 machines. I bought all the Vendstar 3000 machines that I could find for sale on Craigslist. Even if people were asking $100 or $150 each, in the end I never paid more than $50 for a machine. I stopped buying when I got to 500 machines. Based on my initial research, servicing a route of 500 machines would basically be a full time job.

    Even after all the reading and research that I did, there was still a lot that I had to learn the hard way. (more…)

    Passive income– Laundromat vs. Vending

    Sunday, May 11th, 2008

    Bulk Candy VendingI’ve heard a lot of great things about the vending business. It’s a cash business. The profit margins can be unreal. I had read books on it several years ago and thought it would be a great business to get involved in, but at the time, my life took another direction.

    Lately, I have been looking for a passive income or semi-passive income business to buy. First, I was looking at laundromats. Over the past 6 months, I have looked at a half a dozen laundromats. Laundromats are also a great business that I have researched a lot and read a lot about. I put this “book knowledge” to the test when I got out there and made offers to purchase and analyzed laundromats that I was looking at. The thing about any cash business is that the income is usually not reported but instead is spent or put under the mattress. People trying to sell laundromats apparently use this as an excuse to brag about all the unreported cash the business generates. Of course, there is usually no way of verifying this. Or is there? (more…)