Business Idea

streamy

I have an idea which I belive can bring in a bit of cash. I'm not talking much, like 15-30 euro per business. Possibly 20 cliants.

It involes pitching to local business's and getting paid in cash.

I have two questions,

Will business's be willing to pay cash for the trading of paper goods?

And what is the status for paying tax? Do I have to? And if i'm got not paying on these amount of profits, what happens?

shoutman

Could you explain this further please?

What are you selling? How do you make money? why would somebody buy whatever you are selling?

I could be reading this wrong but this sounds like the beginning of a pyramid scheme to me, which is illegal by the way.

Entreprenr Show

Streamy, your post is a bit vague (nothing wrong with that), but you might consider asking someone on here who is willing to help to discuss your business idea in private if you have concerns about being too open about your idea. But I doubt you'll get much of a reply to your original post as things stand.

DubTony

Paper Goods ????

Are you talking about jack's roll?

streamy

Entreprenr Show wrote: »

Streamy, your post is a bit vague (nothing wrong with that), but you might consider asking someone on here who is willing to help to discuss your business idea in private if you have concerns about being too open about your idea. But I doubt you'll get much of a reply to your original post as things stand.

Yes I know. It invovles selling business greeting cards. Branded cards for Christmas , Easter. Anyway my only concerne was the tax issue as I have very little knowledge about tax.

DubTony

OK, you'll be operating a business to business enterprise, so my recommendation is that you should be registered for VAT although you don't have to until you reach the required level of turnover (75K p.a. I think).

As for business paying you in cash. It's almost definitely a non-runner. Any company that purchases products of this type to give / send out to customers will obviously record the transaction as a legitimate business expense and the guy who pays the bill would have a hissy-fit if there was anything but a cheque written or bank transfer made.

Now to your idea. I don't want to rain on your parade, but this market has been cut-throat for years. The major charities have a huge stranglehold on it and they are very aggressive. Add to that the current economic climate, and it's probably fair to say that the number of Christmas cards going out this year will be down. Christmas is the only time this is done, unless some very smart operators out there who send out Thank You and birthday cards as well.

You definitely haven't identified a gap in the market, and I'd say that you're starting off on the wrong foot by looking to be paid in cash.

Here's an example of how well one major charity has changed things around a bit in this area. There are literally dozens of companies backing this campaign.

http://www.dubsimon.ie/fundraising/houseofcards.htm

Another is a move toward sending out Christmas cards online. This significantly reduces costs to business while increasing profits for the charities involved.

www.thischristmas.ie


edit: Sorry. missed this bit.

And what is the status for paying tax? Do I have to? And if i'm got not paying on these amount of profits, what happens?

You are required by law to pay tax on all your profits. If you don't they put you in jail.

deman

If it involves any kind of writing on the business greeting cards by you, I really hope you get your act together and learn to spell properly. Your posts are so full of mistakes, I can't even begin to list them.

streamy

DubTony wrote: »

OK, you'll be operating a business to business enterprise, so my recommendation is that you should be registered for VAT although you don't have to until you reach the required level of turnover (75K p.a. I think).

As for business paying you in cash. It's almost definitely a non-runner. Any company that purchases products of this type to give / send out to customers will obviously record the transaction as a legitimate business expense and the guy who pays the bill would have a hissy-fit if there was anything but a cheque written or bank transfer made.

Now to your idea. I don't want to rain on your parade, but this market has been cut-throat for years. The major charities have a huge stranglehold on it and they are very aggressive. Add to that the current economic climate, and it's probably fair to say that the number of Christmas cards going out this year will be down. Christmas is the only time this is done, unless some very smart operators out there who send out Thank You and birthday cards as well.

You definitely haven't identified a gap in the market, and I'd say that you're starting off on the wrong foot by looking to be paid in cash.

Here's an example of how well one major charity has changed things around a bit in this area. There are literally dozens of companies backing this campaign.

http://www.dubsimon.ie/fundraising/houseofcards.htm

Another is a move toward sending out Christmas cards online. This significantly reduces costs to business while increasing profits for the charities involved.

www.thischristmas.ie


edit: Sorry. missed this bit.



You are required by law to pay tax on all your profits. If you don't they put you in jail.

Great Stuff Thanks. As I said, it's only a brainstorm. I have a list of contacts already and was just considering this as an alternative for companys who send out post mail. I understand now that is would indeed be stupid to ask for cash.

P.S get a life Deman.....:cool:

deman

streamy wrote: »

Great Stuff Thanks. As I said, it's only a brainstorm. I have a list of contacts already and was just considering this as an alternative for companys who send out post mail. I understand now that is would indeed be stupid to ask for cash.

P.S get a life Deman.....:cool:

If you can't take constructive criticism and good advice, I can't see your business being much of a success. I was pointing out your faults. Is this not a positive thing? Most real businessmen actually employ people to find faults. Or are you just happy when people are praising you?

Chubbcakes

Streamy, i agree with Deman...I can accept one; maximum two spelling errors, however, if I received an email from you asking for business sense and advice; I would recommend spell check and a good old fashioned 'read over' before pressing 'submit'
I'm sure Deman has a life; as do I!

DubTony

In fairness his spelling mistakes were obviously tpyos ... typos. I think there's an English forum around here somewhere fro .. for those who want to correct spelling and grammar.

niceirishfella

DubTony wrote: »

You are required by law to pay tax on all your profits. If you don't they put you in jail.

ehhhhhhhhhh, who recently saw jail for not paying their taxes?? !!:D

Still, good advice all the same and merry xmas Tony!