INEEDPARTZ

Currently I got everything taken care of for my company. I applied for a trademark, register as an LLC, and website is about to up and running by the end of this week. But now I am stuck in a situation...I have to choose to either purchase a car or invest that money into the company. If I was to buy a car I would be mobile and it would easier to sell my merchadise if I can get around and could even sell them out of my trunk. Or I could spend the money into the company...buy more shirts..print out more designs..buy more equipment..etc...but I won't be mobile and would have to rely on public transportation...which one do you think I should buy???
Please I really need someone advice on this....thanks in advance

 

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Comin'OutSwingin

Have you been using public transportation? If so, you know the pros and cons of public transportation very well.

Just from a personal perspective, I've used public transportation in the past, in a city where public transportation doesn't really go everywhere. So, I would ride, then walk.

I also have been in the situation of having to work were public transportation didn't go, and had to ride a bicycle to work. So, I know all about public transportation.

But, I sacrificed buying a car, so that I could be in a better position financially later on.

So, I guess it comes down to what you want more. Do you want to try and make your business grow by investing money in it, or do you want to put it on hold for a while and have your own transportation?

Really, only you can answer which is more important.

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INEEDPARTZ

Which one would you choose? I've been using public transportation and im really to upgrade

 

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Comin'OutSwingin

How long would you have to put off investing in your company if you chose to buy a car?

Is that too long for you to wait? If so, continue to use public transportation, and try to get your business off the ground.

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INEEDPARTZ

I will have to put the clothing line on hold if I was to get a car because money would be tight with insurance and car payments..compared to investing more money into the company..i guess this is an no brain..its probably best invest in something thats going to make money besides investing in some that loses 30% of value when i drive it off the lot and than will have more bills..only thing is clothing line going to take along time before I see any profit back..and the car would give more utlity tho

 

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Comin'OutSwingin

Quote: Originally Posted by INEEDPARTZ its probably best invest in something thats going to make money besides investing in some that loses 30% of value when i drive it off the lot and than will have more bills..

This is exactly why I don't do debt, especially car debt.

I rode my bicycle and took public transportation because I wanted to pay cash for everything. It was a sacrifice, but looking back one that was well worth it, as I can pay cash for just about anything I want.

I think running a business is the same way. You sacrifice your time, money, and energy for something that you believe in.

I know how hard it can be sometimes taking public transportation. Maybe you don't can to get a new car, or even one that has payments. Maybe, just maybe you can find a car that can get you where you going, and save some money for your business as well.

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ino

A car is like a ice cube very rapidly melting away.
All your money should be invested in your machinery and stock to create more money.

 

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