SRC business and entrepreneur club

[ml708]

Hi, I want to check how many of you are have a small business, or are planning to start one. Its always great to network with fellow reefers!

Would be nice to know what business you are in/planning to go into!

[surreal1228]

I plan to set up a forum. Any tech savvy?

[asg]

[ml708]

I plan to set up a forum. Any tech savvy?

what kind of forum?

[thomas_lim]

I plan to set up a forum. Any tech savvy?

Way to go bro.

[andrewttw]

Im currently selling some not so common light bulbs. Planning to start an iPhone app soon. Hopefully can generate some side income.

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[ml708]

Im currently selling some not so common light bulbs. Planning to start an iPhone app soon. Hopefully can generate some side income.

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sounds interesting, what are those bulbs for?

[andrewttw]

Just some decorative type bulbs. Www.thebulbgarage.com

How bout you guys?

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[ml708]

Just some decorative type bulbs. Www.thebulbgarage.com

How bout you guys?

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wow, your bulbs sure look groovy!

I'm thinking of going into orchid culture and marine aquaculture. Currently looking for partners

[andrewttw]

Yeah they are called edison lights bulbs.

Wow looks like a big project you have. I'm sure some guys on this forum interested in that

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[ml708]

Yeah they are called edison lights bulbs. Wow looks like a big project you have. I'm sure some guys on this forum interested in that Sent from my iPhone using Tapatalk

Haha now I'm thinking of starting a small project locally. Investment is not substantial.

[andrewttw]

For me it's all about getting extra cash flow and not large capital gains. Just started working a few years so slowly increasing the inflows. And starting these small projects is fun

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[Edmund Koh]

Having a hobby turned into an income is always a good thing, having been there myself once.

But the journey is tough, especially so if there are no other sources of income. But the experience and lessons learnt can never be bought with any amount of cash.

[ml708]

For me it's all about getting extra cash flow and not large capital gains. Just started working a few years so slowly increasing the inflows. And starting these small projects is fun

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yeah, couldn't agree more. its more about learning how to run a business at this stage.

[ml708]

Having a hobby turned into an income is always a good thing, having been there myself once.

But the journey is tough, especially so if there are no other sources of income. But the experience and lessons learnt can never be bought with any amount of cash.

definitely, bottom line is that there still are bills to be paid. some sort of passive income is essential if one is to run a startup full time.

not to say I'm pessimistic or what, but my idea is that when people go into a business, they must go in with the mindset of being prepared to lose whatever money they have sunk in, instead of dreaming big from the get go. always unforeseen bottlenecks and stuff especially when one is new in the biz.

[andrewttw]

Biggest problem I faced so far is not having the right skills. Wish I learnt some form of programming or am better at designing.

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[andrewttw]

Having a hobby turned into an income is always a good thing, having been there myself once.

But the journey is tough, especially so if there are no other sources of income. But the experience and lessons learnt can never be bought with any amount of cash.

Care to share what u were in to?

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[Edmund Koh]

We had a company providing training for the robotics CCA in schools.

The company is still running but I have passed on my shares to one of the younger ones.