Ohhh , yeah ! I know it's double , been in business before . There's an
awful lot about being in business for yourself that the general public just
doesn't know about . And I think you might have the withholding percentages
wrong - though I haven't checked , and I know that since I was last in
business <1992> they have changed the structure of SSI and medicaid/medicare
I wish they'd passed legislation that would let me handle that myself . I
trust me a hell of a lot more than I trust "them" . Been putting 6%+ away
over and above SSI for several years now .
No it's not really double.... There's a magic hole in the back yard of
each employer, that money seems to pop out of, for SSI... the money
kinda "miracles itself there". Where in "THE WIDE, WIDE WORLD of sports"
is Darwin when you need him most????
Good luck on the "putin' out the shingle thing", for me it's worth at
least $25 per hour just knowing what I'm doing tomorrow... Or maybe what
I'm "not" doing (I love to say NO SALE).
BTW, all the stuff about insuring and indemnity, do it (risk based on
books, but shop around). Also real friends don't mind if you take
forever cause you're busy, and you're getting a case of beer anyway (you
better)! Last, be friends with a real walk in welding or fabricating
shop so when someone (city, state, airport, etc.) finds you, you can say
"X" does that a lot and they can slip you in (make the call for them).
Oh, almost forgot, got caught in the AMT window 3 times before talking
to the tax lady about it, didn't know you can plop money in municipals,
get 10%, flip off the state and feds, and still do OK.
Matt (out'a the rat race 15 years now)!
Going into business for yourself, eh? In this business environment? Boy, you
are going to need a lot of luck. I don't want to tell you what the odds of
failure for a new start up are so good luck anyway. You will be needing a
lot of it to even make it through the first year. You'll be needing quite a
bit of money too. I don't want to scare you off but making a new business
pay off is a real challenge. If you can make any money from your efforts
you'll have done a lot better than most.
Easy for you to say. You aren't putting out a dime or risking anything. He's
going to put in all his time and a lot of money. Odds are he'll lose it all.
That's not being pessimistic that's just the reality of a new start up
business. It's very risky. Most people that try it lose everything they put
into it and they work for nothing. It's not for the faint hearted or the
risk averse. Most people are much better off looking for a new job than
risking everything they have on a business. It's sounds like a downer but
that is the reality. Welcome to America.
Snag doesn't sound like "most people" to me. Many who fail have no
previous experience, nevermind degrees in accounting and/or business,
or even doing any homework. Hope is definitely not a strategy. It's
clear to me that Snag understands that because he's reported some
homework and quite likely done a lot more he hasn't reported.
You can't know what the odds are for his success without knowing a
lot more details than have been presented. Percentage of failed
ventures per year is a statistic that could be completely irrelevant
here: it could just as well reflect percentage of attempts by people
who skip due diligence and/or simply don't know enough about business
If your e mail addy is good, I can send you a few basics on the major things
to watch for, or post them here.
BTDT. Check for the local fire laws on releases, and where they are
required. You can get in a boatload of trouble for that. All the rest of
the stuff is small stuff you can solve or negotiate. If some gets fried to
a crisp, you'll be neck deep in it, and the FD investigators and insurance
agents will be crawling in your front yard at first light.
I did what you did when I left the hotel. Never looked back. Had my
contractor's license in two months. There's a lot of advice here, so ask as
you go along. Dance within the lines and be safe.
My reply-to is good , but there might be others that can profit from your
insights too ...
I do need to check with local FD rules , I'm sure there are circumstances
where I'll need a means to open from inside - without compromising security
. For a start , though , I've got a couple of AC surrounds to bid .
Condenser and window unit theft is a major problem here .
That might turn out to be enough business to keep this going ...
First Good luck in your start-up If you provide a good quality product,
show up and get the job done, you won't have to worry about being the low
About bars and releases, ck with your building dept or whatever entity
issues permits and inspects the work. You need to know what building code is
adopted in the places you want to work. Some states have a prevailing code
and then the cities add to it or have a security code of their own. Next
talk to an inspector and get his/her take on it, local interpretation is
generally the final word. Some places the bars don't need a interior release
unless they protect an Egress. The number& dimensions of and egress can be
affected by several factors like: # of stories, distance from grade,# of
apts in building and what type of fire protective systems are in place like
hard wired smoke systems & sprinklers. The idea that you have to have 2 ways
out of every room or apt sounds good but is not true. Unless the fire dept
does inspections they may not know the correct answer. No firefighter likes
window bars because they block a way for us to get out, but that doesn't
mean that you can't have them.
Another good source of info is Nomma, there used to be a section on their
web site that delt with code issues.
On Wed, 26 Nov 2008 18:02:24 -0600, the infamous "Terry Coombs"
I strongly recommend against that, Terry. Once you set a price,
discounts seem to be the rule and people will think you're trying to
cheat them if your regular price is higher.
BTDT and got bitten for it.
Tomorrow is the most important thing in life. Comes into us at midnight
very clean. It's perfect when it arrives and it puts itself in our hands.
Sometimes prices can be too low and prevent sales as well. I once worked
with a friend selling stuff at a hamfest, we had a big box of perfect
new Belden power cords marked $0.50/ea and they were not selling. We got
pissed, marked them up to $1/ea and sold out.
On Thu, 27 Nov 2008 09:41:48 -0600, the infamous "Pete C."
And in Robert Cialdini's book, _Influence_, the shop owner who left
word with her saleswoman to halve the price due to lack of sales is
another good story. The woman thought the note said to double the
price (missed the 1/ in 1/2?) and the items sold out within the week
at the 2X higher price.
Ed put me on to that book and I've quoted numerous items from it ever
since. Highly recommended, and reading it could -literally- save your
life. (Read Devictimizing Yourself in the Social Proof chapter.)
Our greatest glory is not in never falling, but in getting up every time we do.
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