Should I use a loan to finance my Shopify Business?

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No… 

Oh I am sorry do you want more? To start most of these businesses are not needs based businesses. Meaning the behavior of your customers are too unpredictable to depend on. Secondly what if the platform changes? Or what if the digital method of converting customers change? The answer is no, it is not “you never know!” Dumbest platitude you hear about businesses that are not needs based operations. Just no do not loan finance your business. 

Here is how a $1,000 loan looks in these common repayment time frames from a bank at an interest of 25% compounded monthly:

I = J/M  .25/12 = 0.02083333333333333333333333333333 

PV= 1,000

N= 12 per year. 12 * 1 , 12 * 2 , 12 * 3 

PV * (I+1) ^ 12

PV * (I+1) ^ 24

PV * (I+1) ^ 36

  • 1 year of the loan principal unpaid, $1,280.68
  • 2 years of the loan principal unpaid, $1,640.14
  • 3 years of the loan principal unpaid, $2,100.50 (Three years to double the principal amount) Is it clear this is a scam?

Do not start a recreational business on a small business loan, capital or anything else.Don’t even put it on a credit card. I am serious! Unless you want to lose your business, go bankrupt or any other wonderful thing. Do not do it!

I wish I could go to the lady who was starting my bank loan application in 2015 for a business I should not of wanted and yelled “NO!” in her face for even suggesting it. Web Marketing businesses are terrible to take a loan out on. I’ve met small business owners in Canada who think their Facebook page is their website. Plus people are kind of going the do it yourself direction. So I was aiming for an outdated profession. 

Do not start with debt or capital. Start with a hobby and grow organically! Financing a creative, or hobby business is actually a lot like financing a bachelors in Art. Just do not do it! Waste of money & time. 

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Re-Unite Toronto Pride and our police force

Bail us out

Click the website to view the info-graphic. Here are some highlights to the info-graphic:

  1. We need Police working together with marginalized people to improve the community relationship. 
  2. 1,482 hate crimes were reported in 2013. 
  3. Olivia Nuamah is not managing the Toronto Pride deficit whilst alienating her community. 
  4. The Irresponsible Press is polluting the minds of scared individuals to instill fear rather than create solutions. 
  5. Many Officers are LGBTQ+, immigrants and marginalized people themselves who wish to partake in our pride events. 
  6. Fear of our officers is making policing and creating safe communities harder for our men and women in uniforms.
  7. Division and alienation is not a solution, it is destruction.  
  8. The crimes of the United States Police force should not reflect the view of Canadian police officers. 

 

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Ashton Deroy Consulting services

Have a business, Public relations or Sales problem? Use Ashton Deroy’s Consulting services :

  1. Solutions tailor made for your brand range from: 
  2. Expert sales advice from a seasoned sales man
  3. Marketing & social media advice
  4. Public relations advice
  5. Web marketing strategy 
  6. Media strategy – Media includes pictures, graphics & content.