Help me choose a career.........karma for good help

[Mass_Sedation]

Just make sure you don't get a Liberal Arts degree, unless you want to teach. Ain't worf a shite.

 

[SofaGeorge]

For a bunch of knuckleheads... you guys are smart. Yup business business business.

( out of 10 businesses fail... usually for the same reason - the person running them doesn't know anything about business.

 

[MiamiStyle245]

I am currently knee deep in my accounting major. I think you should consider accounting. I am not positive, but I believe that if you owned a gym, you could legally depreciate the gym equipment. You might end up operating at a paper loss, but have positive cash flow TAX FREE. A gym is pretty much a cash cow...there is a constant flow of cash coming in on monthly membership fees. I would have to get down with the actual numbers to see how it would work out, but it seems to me like it could be a promising business. Something else to consider: buying the property instead of renting it. When dealing with commercial propery, the building can be depreciated and the amortization on the mortgage is a legit business expense.

 

[Stillgoing]

I am currently knee deep in my accounting major. I think you should consider accounting. I am not positive, but I believe that if you owned a gym, you could legally depreciate the gym equipment. You might end up operating at a paper loss, but have positive cash flow TAX FREE. A gym is pretty much a cash cow...there is a constant flow of cash coming in on monthly membership fees. I would have to get down with the actual numbers to see how it would work out, but it seems to me like it could be a promising business. Something else to consider: buying the property instead of renting it. When dealing with commercial propery, the building can be depreciated and the amortization on the mortgage is a legit business expense.

True, depreciation is nice from a tax perspective. The only obstacle to owning equipment and land & building is capital. Gotsta have the green (or borrow it and if you borrow it you now have to cover the interest expense)......

 

[nikolai_bolkov]

Accounting LOL...it's good for you but it hurts...I worked for PwC for some 3 years...

Just get a really good degree in business and then apply it to whatever.

I am not in the fitness industry per se, but it's like everything else...the big corps rule and small fry struggle.

 

[Lift Chief]

I don't think there would be very much depreciation on gym equipment because the initial cost isn't very high (relatively speaking) and it would have a very long useful life. It would have a positive impact on cash flows, but i dont think it would make very much difference. But then again i've never owned a gym and this is all theory so i can't be sure.


If you want to own a gym i would invest in one of those pussy fitness centers. Put in a tennis court and lots of stairclimbers or whatever and make it look nice and you'll be able to charge a lot of money for memberships... at least that's what the guy that owns the gym that i belong to does- and he does well for himself.

 

[Lift Chief]

Oh and i wouldn't suggest a degree in accounting unless you are excited by the prospect of watching paint dry

 

[sjhaxp]

def. get some education in business, b/c that's what you'll be running....a business.

 

[FreakMonster]

By owning a gym you really won't make too much money. If your looking to make alot of money get into something else like flipping houses or something.

 

[haxedout]

since everyone is thinking of every damn thing...i say.. sell yay...

some got jobs, some sell yay, others just smoke and fuck all day.... or you could incorporate the white bussiness into your gym..