Author Topic: Starting a new company is fun!  (Read 6693 times)

Offline Dan

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Starting a new company is fun!
« on: November 16, 2011, 08:37:41 AM »
I almost forgot how much fun it was to work out the big jigsaw puzzle of starting a new company. Getting a resale certificate. Learning sales tax filing requirements and exemptions. Getting general liability insurance. Defining new positions. Setting up new vendors. Haggling over pricing. Working out the details of contracts for customers. Learning the pricing environment of my market and where to price. Figuring out how to do everything well and at the same time on a shoe string until the cashflow starts to come in. Pro formas. Setting up checking accounts and ordering checks. Yada yada yada.
 
This kind of stuff really is fun when you have a good business model and the right partners.  ;D
 
Too bad there aren't any lefties on this site to call me a greedy SOB who is taking their share of the pie by creating a new business, jobs, health insurance coverage and paying a load of taxes. Sales taxes (both state and local). Property taxes (both county and city). Occupational Licenses. A whole host of fees. State unemployment taxes. Federal unemployment taxes. The employer side of FICA. Federal income taxes. And state income taxes. And don't even get me started about all the extra coverage mandates on my health insurance where I am paying for things my people will never use in the name of leftwing redistributive justice.  ::)
If you believe big government is the solution then you are a liberal. If you believe big government is the problem then you are a conservative.

Offline taxed

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Re: Starting a new company is fun!
« Reply #1 on: November 16, 2011, 09:02:32 AM »
Awesome!

Offline Dan

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Re: Starting a new company is fun!
« Reply #2 on: November 16, 2011, 09:25:46 AM »
Yeah buddy, you know what I'm talking about. Same stuff we talked about on the phone. Hoping to get the first facility up by late December and the second one a couple of weeks after that. Then it should take off really fast.
 
I've got my primary vendor lined up, pricing set, financing in place and we think we have hit one of those rare opportunities to cover a lot of ground really fast and more or less unopposed for the next 12+ months. Life is good.  ;D ;D ;D
If you believe big government is the solution then you are a liberal. If you believe big government is the problem then you are a conservative.

Offline taxed

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Re: Starting a new company is fun!
« Reply #3 on: November 16, 2011, 09:40:53 AM »
Yeah buddy, you know what I'm talking about. Same stuff we talked about on the phone. Hoping to get the first facility up by late December and the second one a couple of weeks after that. Then it should take off really fast.
 
I've got my primary vendor lined up, pricing set, financing in place and we think we have hit one of those rare opportunities to cover a lot of ground really fast and more or less unopposed for the next 12+ months. Life is good.  ;D ;D ;D


Execution, baby, execution!  I'm impressed at how you have everything lined up.

Offline Dan

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Re: Starting a new company is fun!
« Reply #4 on: November 16, 2011, 10:20:26 AM »

Execution, baby, execution!  I'm impressed at how you have everything lined up.

My Dad always used to say "Plan your work and work your plan". Words to live by.
If you believe big government is the solution then you are a liberal. If you believe big government is the problem then you are a conservative.

Offline taxed

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Re: Starting a new company is fun!
« Reply #5 on: November 16, 2011, 10:23:15 AM »

My Dad always used to say "Plan your work and work your plan". Words to live by.


They are indeed...

Offline Solar

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Re: Starting a new company is fun!
« Reply #6 on: November 16, 2011, 11:49:25 AM »
Ya know Dan, it really is fun, though I'm past where I have the bug to do it again, I've done it several times throughout my life and loved the thrill of it.
Its like the lottery, its full of hopes, dreams and promises, but the difference in the lottery and starting a new biz is, the lotto has the worst odds in the world, while a biz has a chance of 8 in 10 of succeeding, its just how far you want to take it.

Too many people get freaked out at the idea of all the work and the risk of failure.
But the reward out weighs the risk, because while you're pursuing your dream, you're living it and not being told how to do it.
You work around the clock, but its not like its a job, its your life, one you enjoy as if you were on a honeymoon with the woman of your dreams.
Big difference is, the biz won't get fat and bitch at you, if it does, tell it to  screw off and walk away and start anew....
Koolaid is for kids, TEA is for adults

Offline Dan

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Re: Starting a new company is fun!
« Reply #7 on: November 16, 2011, 12:39:28 PM »
You are so right Solar. I'm not afraid of hard work. In fact, these things tend to consume my every waking moment more like a compulsion. lol
 
If I have one big hit, then I'm done too. But I gotta work and I would rather work for myself than someone else so there you go.
 
The odds of success aren't good for small businesses in general, but if you have a great partner and a great plan and solid financing then those odds get a little better.  ;)
If you believe big government is the solution then you are a liberal. If you believe big government is the problem then you are a conservative.

Offline taxed

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Re: Starting a new company is fun!
« Reply #8 on: November 16, 2011, 01:24:36 PM »
I'm with you and Solar.  It is fun, but I am about spent...

Offline Solar

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Re: Starting a new company is fun!
« Reply #9 on: November 16, 2011, 03:21:12 PM »
You are so right Solar. I'm not afraid of hard work. In fact, these things tend to consume my every waking moment more like a compulsion. lol
 
If I have one big hit, then I'm done too. But I gotta work and I would rather work for myself than someone else so there you go.
 
The odds of success aren't good for small businesses in general, but if you have a great partner and a great plan and solid financing then those odds get a little better.  ;)
I guess what I meant by success was merely keeping your head above water till you can sell it at a profit and begin anew.
Being successful means many different things to so many different people, some want to be able to leave it with the manager and travel the world, others just want to make their bills and enjoy a little extra cash.
But for me, it was having the freedom, thats it, freedom and making ends meet, making payroll and knowing what I'm doing is the right thing and going to bed every night knowing I've never had to compromise my values.

I always did the right thing, even as a defense contractor, I never screwed the tax payer, but had every opportunity and would have been legal, but never sunk so low.
Koolaid is for kids, TEA is for adults

Offline Solar

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Re: Starting a new company is fun!
« Reply #10 on: November 16, 2011, 03:34:24 PM »
I'm with you and Solar.  It is fun, but I am about spent...
Yeah, you need a break.
Take a couple of years off and relax.

Too many irons in the fire can really burn you out, try focusing on one, say...
Like the forum. ;) :)) j/k
Koolaid is for kids, TEA is for adults

Offline taxed

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Re: Starting a new company is fun!
« Reply #11 on: November 16, 2011, 03:48:40 PM »
Yeah, you need a break.
Take a couple of years off and relax.

Too many irons in the fire can really burn you out, try focusing on one, say...
Like the forum. ;) :)) j/k


Totally.  I'm taking some time for the holidays, but I think 2012 is going to be hectic.  I'm thinking I will get my life back in 2013......

Offline Dan

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Re: Starting a new company is fun!
« Reply #12 on: November 16, 2011, 05:07:53 PM »
Success is making enough that you don't have to work anymore unless you want.
If you believe big government is the solution then you are a liberal. If you believe big government is the problem then you are a conservative.

Offline walkstall

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Re: Starting a new company is fun!
« Reply #13 on: November 16, 2011, 06:32:31 PM »
Success is making enough that you don't have to work anymore unless you want.

Very well said young man. 
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline Solar

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Re: Starting a new company is fun!
« Reply #14 on: November 16, 2011, 07:11:50 PM »
Success is making enough that you don't have to work anymore unless you want.
Then I was successful, but I still see doing what you love as being a success, it doesn't always have to be monetary to be fulfilling or successful.
Koolaid is for kids, TEA is for adults

 

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