Home | Community | Message Board

NorthSpore.com BOOMR Bag!
This site includes paid links. Please support our sponsors.


Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Shop: Kraken Kratom Red Vein Kratom   Original Sensible Seeds Bulk Cannabis Seeds   Unfolding Nature Unfolding Nature: Being in the Implicate Order   North Spore North Spore Mushroom Grow Kits & Cultivation Supplies   PhytoExtractum Kratom Powder for Sale   Bridgetown Botanicals Bridgetown Botanicals   Left Coast Kratom Buy Kratom Capsules

Jump to first unread post Pages: 1 | 2 | Next >  [ show all ]
InvisibleZippoZM
Knomadic
 User Gallery


Registered: 06/17/03
Posts: 13,227
Loc: Pongyang, North Korea
So you want to start a business? Get info and ask questions here!
    #7854558 - 01/09/08 04:08 PM (16 years, 23 days ago)

Starting up a business can be one of the most exciting and financially lucrative ventures one can embark on. but the fact of the matter is that many many businesses fail in their first few years due to poor planning and or other small mistakes.

Im going to start this thread to help people with business concepts, and also to help get through the red tape of actually opening up a legitimate business.

First off, im going too have to give you one of the best resources you can ask for. Its called the SBDC. The us Small Business Development Center. http://www.sba.gov/aboutsba/sbaprograms/sbdc/index.html

this is a free service provided by the federal government, they will walk you through every step of opening up a business including Writing your business plan, planning out cash flow, handling your legal incorporation, and almost any other thing you could need. I highly recommend making an appointment with them if you are planning to open a business.

so if you have any questions, ideas, or anything else you would like to discuss ask it here!


--------------------
PEACE

:mushroom2:zippoz:mushroom2:



"in times of widespread chaos and confusion, it has been the duty of more advanced human beings - artists, scientists, clowns, and philosophers - to create order. In such times as ours however, when there is too much order, too much m management, too much programming and control, it becomes the duty of superior men and women and women to fling their favorite monkey wrenches into the machinery. To relieve the repression of the human spirit, they must sow doubt and disruption"

"People do it every day, they talk to themselves ... they see themselves as they'd like to be, they don't have the courage you have, to just run with it."


Extras: Filter Print Post Top
Offlineemrandel
Love iS freeD


Registered: 03/03/07
Posts: 94
Last seen: 15 years, 9 months
Re: So you want to start a business? Get info and ask questions here! [Re: ZippoZ]
    #7854894 - 01/09/08 05:13 PM (16 years, 23 days ago)

This is exactly what I needed, thanks a lot man.


--------------------
"No drug, not even alcohol, causes the fundamental ills of society. If we're looking for the source of our troubles, we shouldn't test people for drugs, we should test them for stupidity, ignorance, green and love of power!" - P.J. O'Rourke


Extras: Filter Print Post Top
InvisibleYidakiMan
Stranger
Male User Gallery

Registered: 09/28/02
Posts: 2,023
Re: So you want to start a business? Get info and ask questions here! [Re: emrandel]
    #7855226 - 01/09/08 06:21 PM (16 years, 23 days ago)

I'm past most of the establishment phase... business plan, projected sales, marketing data, trademarks.

My dad is content with me operating an sole proprietorship until I have more sizable assets. Right now my only large asset is my truck and I have 0 money in the bank. But I'm just curious,
How do I set up an LLC myself, without outside help? I'm filing my own trademark and I'm saving a small fortune on lawyers fees.


Extras: Filter Print Post Top
InvisibleYidakiMan
Stranger
Male User Gallery

Registered: 09/28/02
Posts: 2,023
Re: So you want to start a business? Get info and ask questions here! [Re: ZippoZ]
    #7855247 - 01/09/08 06:25 PM (16 years, 23 days ago)

I read your other post and I think I'm going to go with my Dad's intuition here. When I have assets to protect I'll incorporate WITH a lawyer's help.


Extras: Filter Print Post Top
InvisibleZippoZM
Knomadic
 User Gallery


Registered: 06/17/03
Posts: 13,227
Loc: Pongyang, North Korea
Re: So you want to start a business? Get info and ask questions here! [Re: YidakiMan]
    #7855426 - 01/09/08 07:05 PM (16 years, 23 days ago)

just remember that while you are operating a sole proprietorship you have UNLIMITED personal liability. if you hit someone with your truck, and the damages exceed your insurance limits, you will be on the hook for the rest of the bill. this can extend into millions of dollars.

if you get a judgement against you, you could end up paying for it for the rest of your life.

i dont know the nature of your business, but its something to consider.


--------------------
PEACE

:mushroom2:zippoz:mushroom2:



"in times of widespread chaos and confusion, it has been the duty of more advanced human beings - artists, scientists, clowns, and philosophers - to create order. In such times as ours however, when there is too much order, too much m management, too much programming and control, it becomes the duty of superior men and women and women to fling their favorite monkey wrenches into the machinery. To relieve the repression of the human spirit, they must sow doubt and disruption"

"People do it every day, they talk to themselves ... they see themselves as they'd like to be, they don't have the courage you have, to just run with it."


Extras: Filter Print Post Top
InvisibleYidakiMan
Stranger
Male User Gallery

Registered: 09/28/02
Posts: 2,023
Re: So you want to start a business? Get info and ask questions here! [Re: ZippoZ]
    #7855632 - 01/09/08 07:34 PM (16 years, 23 days ago)

We've kinda talked about this and my dad's opinion is that no one can take from me what I do not have. If there's an outrageous judgment that I can't pay and have no way of paying, then I file bankruptcy, end of story right?

My business is wholesale food production(not processing) and my liability bond covers me up to $2mil.


Extras: Filter Print Post Top
InvisibleZippoZM
Knomadic
 User Gallery


Registered: 06/17/03
Posts: 13,227
Loc: Pongyang, North Korea
Re: So you want to start a business? Get info and ask questions here! [Re: YidakiMan]
    #7856269 - 01/09/08 09:35 PM (16 years, 23 days ago)

oh they can take what you dont have, for sure.

look at oj simpson, a judgement was made against him in the civil trial for killing his wife, somthing to the tune of 35 million i believe. hell be a poor man for the rest of his life, bankrupcy or not.

if you are liable for some bad meat that kills some people (think back to the jack in the box ecoli out break back in the 90's 30 plus people died, and there were some major judgments, and settlements. by the way, the liability for that case was found to be on the Manufacturer of the beef.

im no lawyer here, but im pretty damn sure that you should really consider incorporating a llc to cover your ass.

http://www.about-ecoli.com/news/jack-in-the-box.htm

Quote:

  • Quote:

    In 1993, hundreds of people were injured and four children died after eating at Jack in the Box restaurants. The primary cause of the outbreak was adulterated hamburger patties manufactured and sold to the restaurant chain by one of its suppliers.

    Litigation that resulted from this outbreak took years, and tens of millions of dollars, to resolve.








--------------------
PEACE

:mushroom2:zippoz:mushroom2:



"in times of widespread chaos and confusion, it has been the duty of more advanced human beings - artists, scientists, clowns, and philosophers - to create order. In such times as ours however, when there is too much order, too much m management, too much programming and control, it becomes the duty of superior men and women and women to fling their favorite monkey wrenches into the machinery. To relieve the repression of the human spirit, they must sow doubt and disruption"

"People do it every day, they talk to themselves ... they see themselves as they'd like to be, they don't have the courage you have, to just run with it."


Extras: Filter Print Post Top
InvisibleEgo Death
Justadropofwaterinanendlesssea
 User Gallery

Registered: 04/27/03
Posts: 10,447
Loc: The War Machine
Re: So you want to start a business? Get info and ask questions here! [Re: ZippoZ]
    #7877276 - 01/14/08 07:47 AM (16 years, 18 days ago)

The sole biggest problem with any business is customers.

Thats why people sell drugs because theres usually always more demand than supply.

I tried running a PC repair business. My marketing and advertising did nothing. I would get about 1 call a week from my advert in the paper yet the advert cost $32 a week for the cheapest one!

I found that despite my adverts being excellent getting customers was the hardest thing. I found most customers through friends and family; word of mouth was far superior (and free) to any advert, leaflet system etc

I think the best industries are food, clothing etc Things that have a big customer base but then the problem is finding somewhere thats not already saturated.


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 3 hours, 46 minutes
Re: So you want to start a business? Get info and ask questions here! [Re: Ego Death]
    #7878097 - 01/14/08 12:25 PM (16 years, 18 days ago)

Don't forget, you can sucessfully enter a saturated marketplace IF:
  • You can do/make the service/product better.
  • You can sell it cheaper without compromising quality.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
InvisibleEgo Death
Justadropofwaterinanendlesssea
 User Gallery

Registered: 04/27/03
Posts: 10,447
Loc: The War Machine
Re: So you want to start a business? Get info and ask questions here! [Re: geokills]
    #7879094 - 01/14/08 04:31 PM (16 years, 18 days ago)

Yeah true, but they both rely on convincing the customer.

Having a cheaper or better service doesn't necessarily convince them.


Extras: Filter Print Post Top
Offlinekristofer
Oneironaut
Male User Gallery

Registered: 01/01/06
Posts: 230
Loc: Indianapolis
Last seen: 8 years, 1 month
Re: So you want to start a business? Get info and ask questions here! [Re: Ego Death]
    #7880848 - 01/14/08 10:41 PM (16 years, 18 days ago)

We just opened a design/development shop back in August.. we're battling for an equal distribution of funds at the moment because we pay out based on how many "billable hours" are put into a project. Everyone gets a ratio of the loot minus the company cut.. unfortunately some projects, like a catalog, are all design work, so a developer gets cut out of that project completely. it's making life difficult. any ideas on how to improve the distribution of wealth? everyone puts in a fair amount of "company time" even if there's no billable hours for one person or another.. there's always work to be done.


--------------------
dewbie dewbie dew


Extras: Filter Print Post Top
OfflineGnosticWarrior
Hermit
 User Gallery

Registered: 03/11/07
Posts: 241
Loc: Oahu, Hawaii
Last seen: 14 years, 8 months
Re: So you want to start a business? Get info and ask questions here! [Re: kristofer]
    #7881569 - 01/15/08 02:25 AM (16 years, 17 days ago)

Starting and Running your own business has big rewards and risks. For me, I probably have just enough capital to start my own business without getting a loan. But I'm scared to loose that money. I think that its safer for me right now to invest it in stocks or commodities. By investing in stocks, you learn different business models, ideas, and concepts. Small companies, that do not know where their edge lies can be out of business, but if successful, have lots of room to grow. Large companies, tend to have a proven model and a moat or comparative advantage over competition. The potential growth is not as great, but have a smaller chance of permanent capital loss.

I'm not there yet myself, but from what I read, if you do what you're passionate about, then you'd love to do it with or without monetary compensation. Sure, you need money to survive, but the money then just becomes a means to put in more time in doing what you enjoy. When your doing what you enjoy, you can feel confident that your doing your best work possible and not too many people can be doing a better job at it than you. That's your edge.


Extras: Filter Print Post Top
InvisibleZippoZM
Knomadic
 User Gallery


Registered: 06/17/03
Posts: 13,227
Loc: Pongyang, North Korea
Re: So you want to start a business? Get info and ask questions here! [Re: kristofer]
    #7883473 - 01/15/08 01:29 PM (16 years, 17 days ago)

Quote:

kristofer said:
We just opened a design/development shop back in August.. we're battling for an equal distribution of funds at the moment because we pay out based on how many "billable hours" are put into a project. Everyone gets a ratio of the loot minus the company cut.. unfortunately some projects, like a catalog, are all design work, so a developer gets cut out of that project completely. it's making life difficult. any ideas on how to improve the distribution of wealth? everyone puts in a fair amount of "company time" even if there's no billable hours for one person or another.. there's always work to be done.




this can be a big problem with new and up comming businesses, you have a small amount of income, and everyone wants a bigger slice of the pie.

first off, this is something that should have been addressed in your cash flow statement portion of your business plan.

secondly, do you have any money invested in this business? if so you should have a portion of the profits coming to you at the end of the quarter or year.

also as a developer are you actually doing any work on these design projects?

post some more info and i would be happy to help.


--------------------
PEACE

:mushroom2:zippoz:mushroom2:



"in times of widespread chaos and confusion, it has been the duty of more advanced human beings - artists, scientists, clowns, and philosophers - to create order. In such times as ours however, when there is too much order, too much m management, too much programming and control, it becomes the duty of superior men and women and women to fling their favorite monkey wrenches into the machinery. To relieve the repression of the human spirit, they must sow doubt and disruption"

"People do it every day, they talk to themselves ... they see themselves as they'd like to be, they don't have the courage you have, to just run with it."


Extras: Filter Print Post Top
InvisibleShroom Empire
Myco Matrix
Male User Gallery


Folding@home Statistics
Registered: 12/26/07
Posts: 1,365
Loc: Plugged In
Re: So you want to start a business? Get info and ask questions here! [Re: ZippoZ]
    #7888365 - 01/16/08 02:04 PM (16 years, 16 days ago)

I hear you on the pc repair business Ego Death,
I too run a small shop. Business is about to put
me out of business. No matter how hard I try to
gain customers, it seems to be a loosing battle.
I might get 3-4 new clients a week, not even
enough to cover the overhead of my store-front.
I'll give it 6 months before I'm bankrupt.

On another note, what's the potential profit margin
of running a mycological supply website, something
similar to MycoSupply or Mushy Mart?

[Vendor Input Appreciated, don't be shy]


Extras: Filter Print Post Top
Offlinerizingfire
Mycoticus psychoticus
Male User Gallery


Folding@home Statistics
Registered: 09/10/07
Posts: 875
Loc: North-east USm'f'nA
Last seen: 4 months, 11 days
Re: So you want to start a business? Get info and ask questions here! [Re: Shroom Empire]
    #7895371 - 01/17/08 10:44 PM (16 years, 15 days ago)

I started New Tech Environmental 2.5 yrs ago. It is a toxic mold testing and treatment company. The 1st year was awful, I am almost out of debt from it but I tell ya the 1st time I made $10k profit in a single month I almost shit myself....for a week and a half of 6hr days no less. I got into network marketing because a company had a product that went well with my mold business. It was Ecoquest and their air purifiers do what they say and then some, but now that I have the beginning of COPD I am looking to keep the amount of money but from somewhere with less chemicals. So I started working Prepaid legal. It is basically legal insurance, since 80% of europe have prepaid legal plans it will follow suit here as well. Plus Fortune, money, wall st Journal and every other respected financial publication has run articles on how we really are making it possible for this broken justice system to work for the average American without breaking the bank. Donald Trump and Robert Kiosaki both recently praised the company as well as saying they wish they had thought of it here, they also said that network marketing (mlm) is the most perfect business plan on the planet and the only way for the majority of Americans to become financially independent. If you look at all the losers who post against every mlm on ripoff report, 9x out of 10 the person thought money would fall from the sky when they signed up. They usually have broken rules and then blame the company when they fail. I looked up several companies that I know are legit, same thing. Then again look at microsoft, I don't think anyone can top their # of complaints worldwide...lol but most of us still don't have Mac's. All I know is the guy above me is lazy and not business savvy IMO and he is averaging about $10k/month in his 13th month. If his stupid ass can do it, so can I. Plus the mold business is growing rapidly due to referalls.

I would love to get into gold like Wiccan cuz that is the safest bet. Money Mag said PPL stock (which was rated the 13th best stock of the decade, Microsoft was 17(for the 90's) Was recently rated the #3 company in the world for future growth or stock performance or something, it is PPD on the NYSE. It has been floating at the low $50 mark but I want to get some before it goes up. We just hit 3% market penetration in nevada, when we hit 5% nationwide I will be one rich mofo and the stocks are gonna match Liberty Mutual and all the other major insurance stocks. Med insurance is a trillion $$ industry and with 2x the legal issues as med issues in this country it will be a trillion$$ enterprise as well. It isn't often that you can see an opportunity so clearly and get in front of it.


--------------------
aka NHMI


Extras: Filter Print Post Top
Offlinerizingfire
Mycoticus psychoticus
Male User Gallery


Folding@home Statistics
Registered: 09/10/07
Posts: 875
Loc: North-east USm'f'nA
Last seen: 4 months, 11 days
Re: So you want to start a business? Get info and ask questions here! [Re: rizingfire]
    #7895386 - 01/17/08 10:47 PM (16 years, 15 days ago)

The site for info is in the shroomery classifieds and the opportunity video is at www.iCanDoMore.net


--------------------
aka NHMI


Extras: Filter Print Post Top
Offlinerizingfire
Mycoticus psychoticus
Male User Gallery


Folding@home Statistics
Registered: 09/10/07
Posts: 875
Loc: North-east USm'f'nA
Last seen: 4 months, 11 days
Re: So you want to start a business? Get info and ask questions here! [Re: Shroom Empire]
    #7896255 - 01/18/08 07:12 AM (16 years, 14 days ago)

Quote:

Shroom Empire said:
I hear you on the pc repair business Ego Death,
I too run a small shop. Business is about to put
me out of business. No matter how hard I try to
gain customers, it seems to be a loosing battle.
I might get 3-4 new clients a week, not even
enough to cover the overhead of my store-front.
I'll give it 6 months before I'm bankrupt.

On another note, what's the potential profit margin
of running a mycological supply website, something
similar to MycoSupply or Mushy Mart?

[Vendor Input Appreciated, don't be shy]




I tried selling mush stuff on ebay but the contamn issue and returns and shipping became too much of a pain in the ass and not enough money for the time. What kind of store do you have? I may be able to give you a few ideas to help your situation out.


--------------------
aka NHMI


Extras: Filter Print Post Top
InvisibleShroom Empire
Myco Matrix
Male User Gallery


Folding@home Statistics
Registered: 12/26/07
Posts: 1,365
Loc: Plugged In
Re: So you want to start a business? Get info and ask questions here! [Re: rizingfire]
    #7896802 - 01/18/08 10:09 AM (16 years, 14 days ago)

Well, my idea is rather simple: Sell Superior Kits at a Cheaper Price.
Let me explain, the vendors who sell the myco kits, generally charge you in excess of $200 for what you can pick up at Walmart for a combined total of maybe $20.00.

I'll sell the same exact things for 1/4 of the price.
I'm sure anyone who's ordered a noob kit will agree with me that they got thier face ripped off.


Extras: Filter Print Post Top
Offlinerizingfire
Mycoticus psychoticus
Male User Gallery


Folding@home Statistics
Registered: 09/10/07
Posts: 875
Loc: North-east USm'f'nA
Last seen: 4 months, 11 days
Re: So you want to start a business? Get info and ask questions here! [Re: Shroom Empire]
    #7897125 - 01/18/08 12:02 PM (16 years, 14 days ago)

That would work. I would run a test advertising in the shroomery classifieds 1st and see how many hits you get. Factor all the materials and choose your price. Once you know your startup costs compare your advertising fees so you can turn a profit even if only a small one in the beginning. I think after shipping and advertising there wont be much money left. Some kits go for as low as $100 that I have seen, I think...my brain makes stuff up and plays tricks on me sometimes...but I think this was real. Anyway after that you can see how it goes. Make sure you have a steady source of income otherwise you will likely fail. Most startups can produce enough to keep going but not enough to live, so I would avoid getting stuck all together. If you work it PT it will eventually grow and you are going to need more products than that cuz I haven't seen too many people buy kits over the last year or so. Most just make their own...but I think Shroomery and the Hip forums are good places to start since they are so huge. Whatever you do, I suggest you read "think and grow rich" by Napolean Hill. It will give you the tools to guarantee success. No one has ever failed who has stuck to the system in that book, at anything in life or for any business. I can send it to ya for free if you like? I want everyone to read it, ultimately my goal is to be responsible for putting the info in front of as many as possible so when I look back I can say I made more millionaires from scratch than Andrew Carnegie, I have my work cut out for me, but I will do it, as long as I don't quit. Edison failed over 10,000x before getting the light bulb right and his response was he knew he was gonna get it sooner or later because he had run out of ways to fail.As long as you take that attitude with you, you can't help but succeed.

Anyone interested in getting in on the toxic mold testing and treatment industry let me know. It is a killer market in the west and even in the NE it is still really good. I have a friend who I was helping get started but he is procrastinating on finishing his certification. He is already getting calls, which he has been passing to me til he is certified and I throw him a referral fee. After all the saying in TX is, "Mold is gold!", might as well be. I got into it after getting sick from mold in a basement I was remodeling. Anyway 3 months went by and I was still sick and found my house had mold too. So I did some research and got certified in PA and took some online stuff too. Some companies are better than others with member benefits so hit me up before you do anything if you are interested. Picking the wrong company can mean the difference in a $1500/yr insurance cost for E&O or $15-20k...so it is important. Micro and NORMI are the two best companies right now. I just got a 6500 job that will take less than a week of 6 hr days and I will clear $4500 when it is all said and done. I just did a $3k job that took 2 days cuz there was some roofing involved but the mold part took 4 hrs. I did a $1200 job yesterday in 2hrs but I got my truck stuck in the driveway so I was there for the afternoon. I have another 2k job on Feb 1st and am waiting on a $5500 bid as well for late Jan, early Feb.


Extras: Filter Print Post Top
Offlinesnoot
look alive ∞
Male User Gallery


Folding@home Statistics
Registered: 01/30/05
Posts: 9,640
Loc: 45º parallel Flag
Last seen: 5 hours, 21 minutes
Re: So you want to start a business? Get info and ask questions here! [Re: ZippoZ]
    #9243903 - 11/14/08 12:23 PM (15 years, 2 months ago)

I like this post, good info. I've got seriously plans in motion, to start up a .Com selling loop/music licenses. All the music will be made by myself and with help of others, and the web team is in works. Anyone curious about it or wanting to join in please PM me with serious response thanks. :boobs:


--------------------



I am incapable of conceiving infinity, and yet I do not accept finity.
- Simone de Beauvoir -


Extras: Filter Print Post Top
Jump to top Pages: 1 | 2 | Next >  [ show all ]

Shop: Kraken Kratom Red Vein Kratom   Original Sensible Seeds Bulk Cannabis Seeds   Unfolding Nature Unfolding Nature: Being in the Implicate Order   North Spore North Spore Mushroom Grow Kits & Cultivation Supplies   PhytoExtractum Kratom Powder for Sale   Bridgetown Botanicals Bridgetown Botanicals   Left Coast Kratom Buy Kratom Capsules


Similar ThreadsPosterViewsRepliesLast post
* Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects
( 1 2 3 4 ... 500 501 )
geokillsA 250,330 10,002 01/27/24 05:04 PM
by geokills

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: geokills, automan
5,489 topic views. 0 members, 3 guests and 0 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2024 Mind Media. Some rights reserved.

Generated in 0.026 seconds spending 0.005 seconds on 16 queries.