Business Venture
+2
Psycho Bob
MrClark
6 posters
Page 1 of 1
Business Venture
Thinking about purchasing the property to the East of Bass Pro up on the hill above Los Cabos and Charleston's... and opening an upscale lounge/music hall....
Just need someone to invest about $1,000,000 and I could break ground within a week....
Just need someone to invest about $1,000,000 and I could break ground within a week....
Re: Business Venture
i'm in. i'll ups the money immediately.......
did i say it would be monopoly money.
did i say it would be monopoly money.
Psycho Bob- BMMC Post Pig
- Number of posts : 1648
Age : 46
Location : Tulsa/FT. Carson, CO
Car Type : 07 GT
First Name : Bob
Registration date : 2008-10-09
Re: Business Venture
I'll put your money in a CD and release it and all interest gained in 5 years plus give you 15% of all profits gained over the same 5 year period...... actually thats not a bad proposal except I would be borrowing against the million and if the business failed you would be out whatever costs I incurred.... Haha... but thats why investors play the game....
Re: Business Venture
Kirby - I'm in for $500, which will give me a .05% ownership in the business. Let me know when you raise the remaining $999,500.00.
Metric7- BMMC Veteran Member
- Number of posts : 2258
Age : 46
Location : Tulsa
Car Type : Jeep. That's right, I said Jeep. Deal with it.
First Name : David
Registration date : 2008-03-12
Re: Business Venture
well actually if we base it on $1,000,000... that would give you 0.0005% ownership... for .05 or half a percent I need $50,000
but by putting the 1Mill in a cd for 5 years at an avg 4% compounded you would make about $225,000 in interest.... assuming you have 1Mill just lying in an account making 1 to 2% and could go without it for the next 5 years (yes I know.. no one in thier right mind would have 1Mill just sitting in a savings account)
and David... you would make about $9,000 off of your $50,000 in 5 years... plus your .05% of profits that I would pay out quarterly...
LETS DO IT! The First 20 members to put up $50K is in.....
but by putting the 1Mill in a cd for 5 years at an avg 4% compounded you would make about $225,000 in interest.... assuming you have 1Mill just lying in an account making 1 to 2% and could go without it for the next 5 years (yes I know.. no one in thier right mind would have 1Mill just sitting in a savings account)
and David... you would make about $9,000 off of your $50,000 in 5 years... plus your .05% of profits that I would pay out quarterly...
LETS DO IT! The First 20 members to put up $50K is in.....
Re: Business Venture
MrClark wrote:well actually if we base it on $1,000,000... that would give you 0.0005% ownership... for .05 or half a percent I need $50,000.
Kirby, Kirby, Kirby...you're mixing decimal and percent numbers. "half a percent" = .5% of $1,000,000; or $5,000.00. My $500 investment does indeed equate to .05% - or 5 one-hundredths of one percent; or one tenth of one half of one percent. I'll still invest the $500 with you, but you can bet I'll be looking at the books over your shoulder.
Metric7- BMMC Veteran Member
- Number of posts : 2258
Age : 46
Location : Tulsa
Car Type : Jeep. That's right, I said Jeep. Deal with it.
First Name : David
Registration date : 2008-03-12
Re: Business Venture
lol... i'm glad somebody will... i pulled all those numbers out of my ass on the fly just to get the IRS out of my building
Re: Business Venture
by the way.... how much would I have to slip to the city planner to overlook the fact that they really want a mid-rise building on that lot....?
yeah justin... it has come up again... serious this time though
I thought about renting the old Sutherlands buildng behind Bueno on Elm and the BA... but they want $22,000 a month to lease all 63,000 sq ft.....
yeah justin... it has come up again... serious this time though
I thought about renting the old Sutherlands buildng behind Bueno on Elm and the BA... but they want $22,000 a month to lease all 63,000 sq ft.....
Re: Business Venture
take the old sutherlands building and call it.......
(justins idea) "More Incredible Pizza"
(justins idea) "More Incredible Pizza"
Re: Business Venture
groupset wrote:MrClark wrote:well actually if we base it on $1,000,000... that would give you 0.0005% ownership... for .05 or half a percent I need $50,000.
Kirby, Kirby, Kirby...you're mixing decimal and percent numbers. "half a percent" = .5% of $1,000,000; or $5,000.00. My $500 investment does indeed equate to .05% - or 5 one-hundredths of one percent; or one tenth of one half of one percent. I'll still invest the $500 with you, but you can bet I'll be looking at the books over your shoulder.
1 fast 8- 2009 Mustang Challenge Champ!
- Number of posts : 1708
Age : 59
Location : owasso
Car Type : 2008 gt
First Name : kelley
Registration date : 2008-10-15
Re: Business Venture
1 fast 8 wrote:groupset wrote:MrClark wrote:well actually if we base it on $1,000,000... that would give you 0.0005% ownership... for .05 or half a percent I need $50,000.
Kirby, Kirby, Kirby...you're mixing decimal and percent numbers. "half a percent" = .5% of $1,000,000; or $5,000.00. My $500 investment does indeed equate to .05% - or 5 one-hundredths of one percent; or one tenth of one half of one percent. I'll still invest the $500 with you, but you can bet I'll be looking at the books over your shoulder.
so technically off the interest...... he would make roughly $112.00 in 5 years... and I would need 1,999 more people to throw down $500 bones?... and for every $100 in profit they would each get 3/4 of a penny?
Re: Business Venture
what a re you really wanting to do Kirbster?
BMMC1- BMMC Board Member
- Number of posts : 13771
Age : 57
Location : Tulsa
Car Type : 2011 Shelby GT500
First Name : Paul The DILF
Registration date : 2008-03-09
Re: Business Venture
2006GT wrote:what a re you really wanting to do Kirbster?
He is just screwing around
Guest- Guest
Re: Business Venture
2006GT wrote:what a re you really wanting to do Kirbster?
buy a mustang is what he really wants..
Leonard 95- BMMC Elite Post Pig
- Number of posts : 2892
Age : 48
Location : Bixby
Car Type : 08 GT500
First Name : David
Registration date : 2008-12-09
Re: Business Venture
Leonard 95 wrote:2006GT wrote:what a re you really wanting to do Kirbster?
buy a mustang is what he really wants..
Guest- Guest
Re: Business Venture
I really want to to open a pool hall.... with an upscale club in a 2 to 3 story building with a huge outdoor bar and balcony overlooking tulsa from the top of PSO hill (behind charlestons and bass pro).... I've had this idea for about 10 years... and figured the rate BA is growing... why not
Re: Business Venture
MrClark wrote:so technically off the interest...... he would make roughly $112.00 in 5 years... and I would need 1,999 more people to throw down $500 bones?... and for every $100 in profit they would each get 3/4 of a penny?
Assuming 4% interest compounded annually for five years, at the end of the 5th year my initial $500 investment would be worth $608.33 [(FV=P(1+r)y]. Depends upon how savvy a businessman you are as to how much profit I'll rake in; but using your example, for every $100 in profit I would make 5 cents ($100 x .05%). Now...if you leave Broken Arrow at 10:00 A.M. in your Mustang headed towards Dallas and average 65 MPH, and I leave Tulsa in my Mustang at 11:00 A.M. headed towards Ft. Smith and average 60 MPH, what time will we arrive in Kansas City??
Metric7- BMMC Veteran Member
- Number of posts : 2258
Age : 46
Location : Tulsa
Car Type : Jeep. That's right, I said Jeep. Deal with it.
First Name : David
Registration date : 2008-03-12
Re: Business Venture
groupset wrote:MrClark wrote:so technically off the interest...... he would make roughly $112.00 in 5 years... and I would need 1,999 more people to throw down $500 bones?... and for every $100 in profit they would each get 3/4 of a penny?
Assuming 4% interest compounded annually for five years, at the end of the 5th year my initial $500 investment would be worth $608.33 [(FV=P(1+r)y]. Depends upon how savvy a businessman you are as to how much profit I'll rake in; but using your example, for every $100 in profit I would make 5 cents ($100 x .05%). Now...if you leave Broken Arrow at 10:00 A.M. in your Mustang headed towards Dallas and average 65 MPH, and I leave Tulsa in my Mustang at 11:00 A.M. headed towards Ft. Smith and average 60 MPH, what time will we arrive in Kansas City??
Guest- Guest
Re: Business Venture
groupset wrote:MrClark wrote:so technically off the interest...... he would make roughly $112.00 in 5 years... and I would need 1,999 more people to throw down $500 bones?... and for every $100 in profit they would each get 3/4 of a penny?
Assuming 4% interest compounded annually for five years, at the end of the 5th year my initial $500 investment would be worth $608.33 [(FV=P(1+r)y]. Depends upon how savvy a businessman you are as to how much profit I'll rake in; but using your example, for every $100 in profit I would make 5 cents ($100 x .05%). Now...if you leave Broken Arrow at 10:00 A.M. in your Mustang headed towards Dallas and average 65 MPH, and I leave Tulsa in my Mustang at 11:00 A.M. headed towards Ft. Smith and average 60 MPH, what time will we arrive in Kansas City??
My best guess is I would arrive in Kansas City at 10:49 PM assuming I averaged 65 MPH and you would arrive at 5:38 PM if you averaged 60 MPH
BUT!.... its a trick question because I do not own a mustang.........
Re: Business Venture
Bonus points!! You got it right!!
Metric7- BMMC Veteran Member
- Number of posts : 2258
Age : 46
Location : Tulsa
Car Type : Jeep. That's right, I said Jeep. Deal with it.
First Name : David
Registration date : 2008-03-12
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