Announcement

Collapse
No announcement yet.

Starting your own business...

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
  • #1

    Starting your own business...

    So I am constantly thinking of different ways to make more money and what not. I have been toying with the idea of opening a business for a few years now, but I've never really got into the specifics of doing it and would it be something I would be willing to take a risk on, etc... I've posted on here a few times about the tshirt business idea because my buddy and I already have the printing equipment for that. This would be an on the side of my full time job kind of business. I can't seem to come up with a great name for it though and while using google, I see thousands of tshirt companies out there. That is still an idea in the works.

    But this thread is more about a for real full time business. Any of you owners got any tips on what research I need to do, how do you figure up if it's worth leaving a pretty good paying job to try and make more, what gotchas are out there, is the economy in a position to sustain this business, etc...I plan on picking my step dad's brain about this too because he is a business genius in my opinion, but I want to get as many opinions as possible on this deal. Also, the business would be a conflict of interest to my current job so I can't really get a clientele going before leaving my current position. If I could do that, I would have already gotten this ball rolling..

    So let me have it....what you got?
    "He woke up because I kept punching him in the face." --Thiago Alves

    "I'm telling you, once your car's been stolen, it never runs the same again. It's like a guy sleeping with your girl. He leaves his mark all over her."- Drama (Entourage)
    Tags: None
  • #2
    Only word of advice, don't quit your day job. Been there done that. Had almost no life for 5 years before finally throwing in the towel.

    Comment

    • #3
      Re: Starting your own business...

      What was the type of business if you don't mind me asking? Why did it not work? My business would be phone system installation and maintenance and some networking added in there as well. I just see so much potential for this type of work out there. I do it right now for AT&T and I go in some of these business and see the installation that has been done and it is just ridiculous how bad a job the company did and there is no telling what they charged.
      "He woke up because I kept punching him in the face." --Thiago Alves

      "I'm telling you, once your car's been stolen, it never runs the same again. It's like a guy sleeping with your girl. He leaves his mark all over her."- Drama (Entourage)

      Comment

      • #4
        Re: Starting your own business...

        Originally posted by chrisotpherm
        As Suprfast suggested never quite your current income. However be ready to work two jobs as when you get off the one you have to go to work for the dream you pursue. I would say that depending on the business you are trying open will take you at least a year to truly see a profitable income as it tales time to build up customer clientele.

        What can you do or specialize in? I'm pretty good with helping people with starting a business.
        I specialize in telephone system installation and maintenance, voicemail systems installation and maintenance, voice/data cable installation and maintenance, and I have networking certifications in the Cisco field of equipment. I have been doing this for AT&T/Bellsouth for going on 12 years
        "He woke up because I kept punching him in the face." --Thiago Alves

        "I'm telling you, once your car's been stolen, it never runs the same again. It's like a guy sleeping with your girl. He leaves his mark all over her."- Drama (Entourage)

        Comment

        • #5
          Re: Starting your own business...

          i want to start my own business some day 2 i cant for the life of me figure out what i have no special sklls or trade
          I never meant to be better than anyone, I was just born that way. Its hard being a god amongst peasants!

          Comment

          • #6
            Re: Starting your own business...

            There's just too much money out there man. I have 1 buddy that makes millions (literally) with his UPS (battery backups) business and I have another friend that makes 250k a year with his landscaping business. And I live in a SMALL town. I personally think it's all in what you are offering and how well you market yourself. If I could get 20 maintenance contracts at 10k per year (which is REALLY cheap in this business), that's 200k a year right there. That doesn't count new installation or equipment sales. That's just a maintenance contract on their current equipment or added in with a new installation. And from what I have seen within the business, lightning strikes are about the worst thing that can happen to you.
            "He woke up because I kept punching him in the face." --Thiago Alves

            "I'm telling you, once your car's been stolen, it never runs the same again. It's like a guy sleeping with your girl. He leaves his mark all over her."- Drama (Entourage)

            Comment

            • #7
              Re: Starting your own business...

              Originally posted by chrisotpherm
              then offer a trial period at a discounted price for a period of time to get ur foot in the door. Once ur in, begin contract negotiations then ur on ur way.
              Never thought about that idea! Nice!
              "He woke up because I kept punching him in the face." --Thiago Alves

              "I'm telling you, once your car's been stolen, it never runs the same again. It's like a guy sleeping with your girl. He leaves his mark all over her."- Drama (Entourage)

              Comment

              Previous template Next
              Working...
              X

              We process personal data about users of our site, through the use of cookies and other technologies, to deliver our services, personalize advertising, and to analyze site activity. We may share certain information about our users with our advertising and analytics partners. For additional details, refer to our Privacy Policy.

              By clicking "I AGREE" below, you agree to our Privacy Policy and our personal data processing and cookie practices as described therein. You also acknowledge that this forum may be hosted outside your country and you consent to the collection, storage, and processing of your data in the country where this forum is hosted.

              I Agree