So I've been thinking...

[Caleb]

I'm thinking about starting a personal business, maybe either guns or bakery/java shop...anybody have any experience? suggestions and advice would be appreciated...

 

[Scutter01]

maybe either guns or bakery/java shop

Why does it have to be one or the other? You could call it "2nd Amendment Crullers". The motto could be "The right to bear claws shall not be infringed."

 

[henktermaat]

Rule 1: Do something you really love.

 

[Caleb]

Why does it have to be one or the other? You could call it "2nd Amendment Crullers". The motto could be "The right to bear claws shall not be infringed."

Rule 1: Do something you really love.

Guns are one thing I love, but not more then my wife

 

[ATM]

Rule 1: Do something you really love.

Guns are one thing I love, but not more then my wife

[STRIKE]Do her too.[/STRIKE]

um... I meant... what a nice thing to say! Treat her special.

 

[Scutter01]

Do her too.

You stay classy, ATM.

 

[henktermaat]

Er- wrong thread

Yes. Stay Classy.

 

[ATM]

I meant it in the good way.

 

[Bigum1969]

I meant it in the good way.

How else can you take that?

 

[Glock21]

How else can you take that?

...I suppose in a Soprano's kinda way.

 

[ATF Consumer]

Don't go into debt to start it...if you don't have the capital to start it, either save up or find a silent partner for funding.

Don't grow faster than you can handle.
Make a business plan and stick to it, keep it up to date.
The less employees you have, the more profit YOU get to keep. The government loves you to have employees, as they tax you in all sorts of ways.
Don't buy anything that you did not seek to purchase on your own, avoid solicitors at all costs.

Oh, and offer INGO members price discounts and free donuts.

 

[Indecision]

Do the research before you do anything. Make sure you know what you are getting yourself into.

 

[versuchstier147]

Caleb - If you start anything that has to do with Firearms and Coffee, I'm behind you 100% and you'll get a lot of business from me. And seeing as you're located not too far down the road.... Yeah... I'm anticipating this greatly.

 

[Caleb]

Caleb - If you start anything that has to do with Firearms and Coffee, I'm behind you 100% and you'll get a lot of business from me. And seeing as you're located not too far down the road.... Yeah... I'm anticipating this greatly.

That's good to hear....unfortunately I don't have capital in hand, is it possible to work out of the home to help out? Keep the suggestion going, I'm serious about this.

 

[twocoughs]

I owened a bar for ten years. No extra $ to pay for help, my wife and I worked 18 hrs. a day to make it. What a pain, Lost about 10 grand when I sold it and was happy.
Don't depend on other people to make your living.

 

[ATF Consumer]

That's good to hear....unfortunately I don't have capital in hand, is it possible to work out of the home to help out? Keep the suggestion going, I'm serious about this.

It is very possible to work out of your home...my printing business I had for 7 years was started in my basement and ran it that way for the first 3 years. I worked the first year and a half without drawing any pay from it, but eventually was able to pay myself enough to cover my living expenses. On our third year, we grossed over $326k, but only about $47k was actual profit after expenses including payroll. UPS was picking up at my house everyday around 5pm and had to use a dolly because we had so much going out. I usually had about 8 carton sized boxes full of trash that I set out with our regular trash each week and was surprised they always picked it all up without ever causing an issue. We never had any of our neighbors complain about our operation, so we didn't have to worry about that either. I've heard that if you get neighbors complaining about traffic and whatnot, you can be forced to shutdown or move your business to a business location. After we moved into lease space and hired employees to grow, our profit went down to ZERO and never recovered once the market went south.

I am starting over with another venture in my basement similar to my previous, except this one is on an all cash basis, meaning if I don't have it to spend, it doesn't get purchased.

 

[Cain71]

Watch out around Columbus,the local bakery just went out of business after about 20+ years. The thing to remember is you are going to do all the work,long days. Wife and I did it for some time close to Columbus. Bakery and Catering. Made lots of money,didn't have time to spend it. The other thing is get an accountant. State taxes could get you in a pickle if not handled correctly. And the last piece of advice,location,location,location.

 

[Pami]

And you don't have to spend a fortune, but don't forget about marketing. If you don't tell people you exist and find some way to make them remember you, you'll never have any business. When [not if] you make a website, keep the information current, fresh, and relevant.

 

[Benny]

You stay classy, ATM.

Pfft, you say that like it's even possible.

 

[Caleb]

hmmm...I hardly know where to start researching.....mmmm