BSF - Business Support and Funds

[Chase]

I'd like to see it return but very different than the past BSF.

Conditions:
- No money is spawned, and it is not free. BSF should be a argonath bank government business loan with a quite low interest rate.
- Not everyone should be eligible to deter abuse. Credit history should be done and a criminal background check ran by the FBI.
- Approved clients should sign a contract with conditions and contract may be terminated at any time by Argonath Bank.
- Money should be used for business and business related transactions only. If caught using for personal purposes, Argonath bank should reserve the right to terminate client's contract, and call in the debt via court.
- Should the money be used to launder criminal activities, and if caught, FBI will investigate and client must pay back the money, and/or lose assets, and serve time in Mordor.

etc, etc, etc

[[NP]Monte Montague]

I'd like to see it return but very different than the past BSF.

Conditions:
- No money is spawned, and it is not free. BSF should be a argonath bank government business loan with a quite low interest rate.

Argonath needs to review its entire structure first before doing stuff like that

- Not everyone should be eligible to deter abuse. Credit history should be done and a criminal background check ran by the FBI.

FBI would take the position as Federal Bank Workers?

- Approved clients should sign a contract with conditions and contract may be terminated at any time by Argonath Bank.

That was the case before.

- Money should be used for business and business related transactions only. If caught using for personal purposes, Argonath bank should reserve the right to terminate client's contract, and call in the debt via court.

that's what it was used for before but it had no reservations on what part of teh businesses the money can be used for.

Instead of a business getting a grant of $50,000 for a truck for example, the business got $50,000 and was then told spend it how you want, just show us an f8.

I really do not think the people running BSF had a clue what they was doing.

- Should the money be used to launder criminal activities, and if caught, FBI will investigate and client must pay back the money, and/or lose assets, and serve time in Mordor.
etc, etc, etc

And the BSF people who authorized the money would be Investigated.

[Kewlizm]

Let's suppose I am not talking about BSF, let's suppose I am not talking about getting monthly support, let's suppose I am not talking about BSF encouraging "laziness." What if an owner wants to register his business in the directory, but he doesn't have enough reserved capital to cover the expenses? If your answer to this will be that he should earn the money before starting the business, it will take ages to earn such capital to even cover two month's wages.

I found a way to create an era to pay the wages to the employees and it is the policy I am running my current company on. But the problem is, it's my interest to run the business and therefore I am paying the people by my own expenses. But what will an owner get by running a business? He's just covering the expenses, he's not earning anything.

Government's involvement here gets necessary. Why? Well they need to hand some initial stage cash to the ones interested in a business. Everyone will come to receive the funds and then keep it for themselves? No, they will not if you create a proper organization for registering and considering applications of the ones who are actually there with the intention of one. Use proper application form, with all of the information you guys have to ensure before handing the starting cash to run the business. Once the business has received the starting cash, they will have some support to actually get vehicles, getting resources employed and etc.

Exactly. As a business owner I know there is no way to have both the owner AND the employees profit, it's either or. And currently it means that I pay my employees from my own pocket.

TiMoN encountered this issue with his trucking company. He tried to make both the owner and the employees profit. Of course, it could not work. The employees may have just quit the company and make more profit on their own without needing to follow orders/guidlines/schedules.

Then your business will fail since you're not making a profit at all. The drivers may simply do their own jobs on their own without needing to follow a set of rules and guidelines (work on their own time without time restrictions) and still make their money. It therefore makes the business unneeded. Good day now.

Bringing BSF back with possibly restrictions (many good suggestions were mentioned earlier) would fix this problem.

[[NP]Monte Montague]

Exactly. As a business owner I know there is no way to have both the owner AND the employees profit, it's either or. And currently it means that I pay my employees from my own pocket.

TiMoN encountered this issue with his trucking company. He tried to make both the owner and the employees profit. Of course, it could not work. The employees may have just quit the company and make more profit on their own without needing to follow orders/guidlines/schedules.

Bringing BSF back with possibly restrictions (many good suggestions were mentioned earlier) would fix this problem.

You clearly do not understand business.
What is this faff about "employees can not profit".
The employees are indeed there to make money for themselves, but, YOU NEED them to make yourself money.

Companies main costs tends to be Employees most of the time.

If you do not know how to make a profitable business, you're in the wrong.
If you think you can make money without employees, go ahead.

State should not give you a wage when you can not even show profitability.
If you do not have money to start a business, do not start a business. It's as simple as that.

When I opened my café (which I later sold) with my brother, we spent £7500 doing it up from scratch.  With £5000 set aside for working capital. With £2500 set aside for an emergency fund.
As we worked there we accepted a humble wage of £150 a week each which came out of profit, not some fancy government initiative. Food was eaten in the Café so we did not need to worry about "Groceries" and we could take advantage of the inevitable's in a food business (just eat what was low / soon to expire, what was the cheapest, still was blood fantastic).


Seriously, I can't even bother to explain anymore... you seem to have no clue about business...

[Kaze]

After reading the posts, there are some who support and some who don't. If a member of HQ would initially approve the idea of BSF to return, I will go into detail about my idea of how BSF should be run.

[Kewlizm]

You clearly do not understand business.
What is this faff about "employees can not profit".
The employees are indeed there to make money for themselves, but, YOU NEED them to make yourself money.

Companies main costs tends to be Employees most of the time.

If you do not know how to make a profitable business, you're in the wrong.
If you think you can make money without employees, go ahead.

State should not give you a wage when you can not even show profitability.
If you do not have money to start a business, do not start a business. It's as simple as that.

When I opened my café (which I later sold) with my brother, we spent £7500 doing it up from scratch.  With £5000 set aside for working capital. With £2500 set aside for an emergency fund.
As we worked there we accepted a humble wage of £150 a week each which came out of profit, not some fancy government initiative. Food was eaten in the Café so we did not need to worry about "Groceries" and we could take advantage of the inevitable's in a food business (just eat what was low / soon to expire, what was the cheapest, still was blood fantastic).


Seriously, I can't even bother to explain anymore... you seem to have no clue about business...

So according to you the chairman should also do the mechanic's work. No, that's just not how it works. The mechanics do their work and the chairman keeps the business organized. How often did you see Steve Jobs assembling iPhones?

Oh, and you know why it is hard to gain profit as a business? Well, let's say you work as a mechanic in a company. The company let's you keep your 50 dollars (example) for a repair you did. The trick here is that you can gain the same 50 dollars WITHOUT being part of a company, so why would someone want to work under the guidelines and rules of a company when they can make the same money individually? And if the company gives out paychecks, the company has no profit. And no, CEOs and charimen do not do repairs and such so don't say I should work.