About Exchanging Rates
I want to share about exchanging rate. Recently I started a business that requires us to spent at most AU$ 1750. In our rate it's quite amount of rate, it's equal to 5 months salary for someone who has a good job in white collar's level. But the amazing things is that this business is really booming in my place. I don't know what's going on but it seems that everybody here want to make a better life. And this business has proven that could change our life in quite instant compare to any other business.
The corelations with the exchange rate is I believe that in some other place maybe AU$ 1750 is just small amount of money. If AU$ 1750 could make at least AU$ 3000 in about 1,5 months would it be a worth thing to take?
Please do share with me your opinion. It would be useful to make a consideration to develop our business.
Comments (2)
Ari Gustian Abdi6
Logo And Tees Designer
Good analysis Eric, thank you for your kind comment. It will help me to develop my business.
Eric Smith7
Online Professional
With Todays exchange rate...
AU$1 is about US$0.90... (So it's pretty close to dollar for dollar)
Its hard to answer your question without knowing what your business is...
- An established Bricks and Mortar Business could cost $1,000,000 or more
- A typical Franchise business (lets say a lawn mowing franchise) could cost around $20,000 to $50,000
- A typical Network Marketing Business could cost from $50 to around $500 to start up (Plus product and marketing materials)
You