Operating Your Own Business

[Tuff Gong]

Re: Operating Your Own Business

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Kerriann</div><div class="ubbcode-body">Have you ever try starting a business of your own? If Yes what challenges have you face in trying to make a success of it?

I would appreciate all the answers I can get regarding this vox poll. Thanking you in advance. </div></div>

I have tried tons of times.
Failed a lot.
Most of my problems start and end with me.
I hate dealing with people and always prefer to do business through my GF, which is not always a very good thing because sometimes a loved one is an unwilling partner.

Even so I have been able to keep food on my table mostly.
Problems I have had have been too many:

Dishonest partners.
Made bad deals due to my inexperience.
Bad locations.
Break ins.
Shootings (never st the locations but related).

For the last ten years I have only been doing business on eBay. I quit for six of those ten but I strated forward last year.
It is almost as bad as bricks and mortar in terms of dealing with folks but this time, they are not in my face, they do not know what colour, race or class I am and I can open and close when I like.

[Nylah]

Re: Operating Your Own Business


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> I hate dealing with people and always prefer to do business through my GF, which is not always a very good thing because sometimes a loved one is an unwilling partner.
</div></div>


you know I have to laugh after you for this right?!

[Tuff Gong]

Re: Operating Your Own Business

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Nylah</div><div class="ubbcode-body">
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> I hate dealing with people and always prefer to do business through my GF, which is not always a very good thing because sometimes a loved one is an unwilling partner.
</div></div>


you know I have to laugh after you for this right?! </div></div>
I try every time and it fails so I am an expert at doing that.

[Tuff Gong]

Re: Operating Your Own Business

One secret I learned that gave me a little edge.
If you need to start in a strange place find out if there are local or State permits needed.
For instance I discovered that in Indiana to buy or re-sell almost durable goods as a business you needed a Second Hand Dealers Permit.
There was also a very stringent usury law.

That one little piece of paper and the usury law acted as a check on business and kept out many Franchise and Chain Store type business out of the State.
When the various car dealerships, National Pawn Shops and Fly by Night Mortgage Dealer finally convinced the State to removed those restrictions the State and the Town where I did business in was flooded with many Chain Pawn Shops and Money Lenders competing for the same pool of customers that we were use to.

Needless to say it drove many small operations out of business and the Payday Loan scam reduced the deposable income that in the hand of the potential customers as they were always in debt to these Loan Sharks, who could now operate legally.

So to sum up sometimes License and Permits are actually a positive for the one-man or small time operator operation.

Speaking of which there is a very good book called the <span style="font-family: 'Arial Black'">Small Time Operator</span>. It is not very thick I can recommend that to anyone who wants to go into business for himself or herself in the USA.

[Nylah]

Re: Operating Your Own Business

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Tuff Gong</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Nylah</div><div class="ubbcode-body">
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> I hate dealing with people and always prefer to do business through my GF, which is not always a very good thing because sometimes a loved one is an unwilling partner.
</div></div>


you know I have to laugh after you for this right?! </div></div>
I try every time and it fails so I am an expert at doing that. </div></div>