Sample income of family business owners?

[Throttle2]

snip snip, chop chop...heh heh....

[Curahee]

Wah 在赚钱还是给钱赚？

[Watwheels]

My relative who runs a curtain design shop with 5-6 sales person said that he has at least $10K income even if business is so so.. Another relative who used to subcon factory workers in the 90s makes $30K per month during those days supplying to panasonic etc

 

Do you have other examples to share? Like property agent? hawkers? financial adviser?

 

If your relative's curtain shop is Pte Ltd and he/she is the Director with the appointed salary of 10k/mth, business good or bad he/she still get paid so much anyway.

 

If he/she is a sole proprietor there are overhead costs and misc costs to consider. Minus all those, what he/she gets is not a lot.

[Poper]

It's a Pte Ltd.. So, he's drawing fixed salary then..

[Throttle2]

just make sure the cashflow can sustain.....

 

otherwise draw until "kang kang" the company "peeet"

[Silver_blade]

Agree. There is really no life for them. They could hardly spend on anything else...except on cars. Simple pleasure like watching a movie is a luxury for them.

[Silver_blade]

They also want to take things a little easier...but their customers prefer them to open most of the time. So to please the customers, they only take 1 day break easch month.

[D3badge]

My relative who runs a curtain design shop with 5-6 sales person said that he has at least $10K income even if business is so so.. Another relative who used to subcon factory workers in the 90s makes $30K per month during those days supplying to panasonic etc

 

Do you have other examples to share? Like property agent? hawkers? financial adviser?

 

why not?? commom la... you go "seafood paradise" and eat, see what car the owner drive!

 

that guy also quite soild and successful resturant owner

[Carndablues]

My brother's in-laws are pig farmers in the far north of Malaysia. The monthly expenses total 1.2 million RM.

 

Yet they still live very simple lives....except for the youngest son who has a penchance for Bulgari's, Breitling's, Patek Phillipe's and of course German car brands!

[Yaloryalor]

my friend relative sell rojak live in landed property. whampoo rojak

 

That stall owner took the photo with Zhou Ren Fa?

[Knightskid]

My army fren owes a western food stall in ang mo kio central copi shop.he did not tell me how much he earns but he told me his rental($11000) a month.and heard his stall is quite famous there ,havent had a chace to try yet.

I do heard more than $10K but dunno exact......if i am not wrong is the amk central blk 7xx S11, very famous...i like to eat their western, big pieces and very nice also...value for money.....

[Hondacub777]

Yeah tat shld be the stall.i think i remember tat he told me tat the rent use to be abt 5-6k a month,but after s11 took over,it comes up to 11k.but that was abt 6-8 years ago,it might go up again .

[Comfy]

I have a friend helping his family run zi char stall at Geyland. His monthly 'allowance' is around $10K. So I reckon the whole stall make around $60K in profit (assuming every members have an equal pay). But their life is really no life.....work from 4pm to 7am (including buying ingredients). Rest only 1 day/mth. Even for CNY, they only rest for the 1st day.

 

 

I rather earn much lesser and have a more balanced life.

 

well... got money also no time to spend...

[Boyboy]

you earn more = you spend more.

 

not true. sometimes to earn more, u work like dog, no time to spend

[Chrispie]

It is normal to 'gian' when you hear of other's biz that has already gone autopilot to be making quite a good income..

 

But dun forget for every 1 that made it, 9 failed.

 

It is right that they are paid well, as they should be rewarded for taking up risks.

Edited December 9, 2008 by Chrispie

[Garlic]

My neighbour has an incense business, the whole family is involved in managing the factories and shop.

 

Working >12 hrs a day, 6 days a week.

 

Staying in a semi-d with several vehicles.

[Yuan]

My relative who runs a curtain design shop with 5-6 sales person said that he has at least $10K income even if business is so so.. Another relative who used to subcon factory workers in the 90s makes $30K per month during those days supplying to panasonic etc

 

Do you have other examples to share? Like property agent? hawkers? financial adviser?

 

why not?? commom la... you go "seafood paradise" and eat, see what car the owner drive!

 

that guy also quite soild and successful resturant owner

 

I thought he looked quite young and good looking.

[Zanter]

You will heard only of the 10-15% who do well. Just like when people make $ in stocks, wah whole world knows. If lose $ tiam tiam. Many many businesses close down, they slinker away tiam tiam but for the lucky few that make it, everybody knows. I have often heard of financial advisors or aka insurance salesman who paid for their cars in cash 1 year, just to be in financial trouble next year.

 

Business always has it up & down. One day u can be rich, next day can be bankrupt. I was just looking at some 8 year old stock books. So many of these small SESDAQ companies are not longer in business and these companies have a capitalisation of> 50 million, what more small setups which dont have economy of scale and strong financial backing?

 

Not saying cannot do well in small business but success is not easy as the market is competitive & entails hidden sacrifices.