Be like her

She is more responsible than some people in their 30s or 40s.
 
RiskyStuff said:
At least she made it into the news. Money is not everything. 🤩
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Anyone can get into the news. It's not that tough.

Money is everything if you want to live though isn't it. It's not everything depending no the lifestyle you want though.

My point is she was paying her mum 3000 a month to work there then she discounted all the stock because the shop went quiet. Because she discounted 50% she needs to sell 2-3x as much as before to continue paying that 3000 to her mom.

Not a big deal eh? Because turnover is increasing?

But profit margin is actually dropping, if there is one at all. Then one day your 1 bill away from cashflow being killed off or even ruin. This is why businesses fail or why people post on these kind of forums looking for money, because they dont understand that.
 
The point is she took action and doing this at such a young age common give her some props ignore the losses

As time passes she will definitely grow provided she joins this forum 😁
 
She hasn't taken any risks guys... you think the shop was leased to a 12 year old or her mom / parents?

These kind articles pop up all over the place, sometimes they are worth the press and admiration, this one comes off as a slow news day.

Yes kudos to her doing something and taking some action. Not to be snuffed at. But that business won't last and there is no risk to her.
 
t2van said:
Id rather not.

She cut her costs by 50% to bring more people in. Because sales stalled. So now she has less or no margin to actually grow and move on. Discounting heavily for sales is a race to the bottom.
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Imagine learning this lesson at 12. Cutting the revenue by 50% is essentially her lead magnet.

At 12 I barely figured out how wipe the toilet after I pee
 
I was freelancing for the first time at 12 😂. Parents/guardians are very involved here obviously, she's still a 12 year old kid, even if economically active. Nice, this will help her in the future. Somehow can't see her getting a 9 to 5 once she grows up even if she makes mistakes.
 
roydan said:
Imagine learning this lesson at 12. Cutting the revenue by 50% is essentially her lead magnet.

At 12 I barely figured out how wipe the toilet after I pee
Click to expand...
Really? I could calculate with ease that something like she did is not a good business model in terms of finances when I was 13.

She's so good at customer acquisition. Maybe she read Hormozi... My 18 year old brother read that and then what happened next? He failed his exams. Oops. Now he's learning about theory of physics. What a journey.
 
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t2van said:
Still learning to lift the seat? Or?
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I'm a lot smarter today. I pee sitting down, just in case.
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RiskyStuff said:
Really? I could calculate with ease that something like she did is not a good business model in terms of finances when I was 13.
Click to expand...
How's that different than a free audit agencies offer? Or UAC campaigns for lead magnets?
It gets traffic and she can upsell them at the register. A lot easier to upsell someone who already have the credit card in their hand.
 

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