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Starting ur own business

Ja Rhule

By Ja Rhule,
in Huddle Lounge

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mr beauxjangles Newbie

mr beauxjangles

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Co-owned a business that I started with some friends back in high school and another in college. Yes, they were real businesses and not just playtime.

 

I am a minority owner at my current place of employment and will eventually become the majority owner.

 

My advice is to think very carefully about your life goals (personal and professional) and the ways in which being a business owner (risk and reward) can and will impact your ability to achieve those goals. Once you've gone through that entire thought process and thorough evaluation (with your family, duh), do it again about ten more times. Seriously. Then go get some serious outside perspective on what you are trying to build. Then evaluate some more. And some more.

 

All of my comments apply to starting a business where you will employ others. If you are not employing others, it's a very different and much more simple evaluation process in my opinion.

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Hugor Hill Collaborator

Hugor Hill

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I started up a business with 2 other fellows last year doing the same thing we were doing before. The company we used to work for was going to phase out several of our sections of the company and just focus on web development. So I guess I was kinda forced into it. Sure there has been bumps in the road, and many times I wanted to give up, but I enjoy what I do and I love being my own boss. The start up was the hardest part about doing it. The clients found out what was going to happen and we kept all of them with us, so we didn't have to go out and try to drum up business. We've actually added a couple more accounts with a few more on the horizon. 

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Anybodyhome Grand Master

Anybodyhome

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Started my own business in Virginia and was doing exceptionally well. Moved to NC last year when the wife took a contract down here and found out there is no reciprocal agreement between NC and VA in my licensed profession, so NC says I have to re-license down here and essentially start over, which would cost me thousands and a couple years to get back to where I was. Needless to say, it won't happen.

 

The local Chamber of Commerce had start-up grant money and funded 50% of my initial costs, which was great when I found out how much my website was going to run me. Site had a few nuances to it as part of the business, so it wasn't your run-of-the-mill website.

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Ja Rhule Grand Master

Ja Rhule

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I'm planning on starting online business with possibility of branching out.  I have couple of ideas.  I will do research and then I'll make my decision in which direction I will go.  I realized that US is a service industry and so I'm focused on providing a service.

 

 

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