| musicalmechanic |
04-16-2006 08:26 PM |
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She says the two biggest things about starting a buisness are getting an accountant, and ensureing you have the capital.
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Working on both. The contractor I'm working with is referring me to his CPA who is also an attorney. Supposedly he's kinda pricy, but he knows his shit, which is what I want.
As far as the capital, the business plan is coming along. Really pushing for a Friday or possibly Thursday submission.
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Try to get your most succesful competitor to tell you who is their accountant
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Minor problem with this: no actual competitors. We have comic shops, D & D facilities, and coffee shops. I'm not quite in the same category as a game shop/cafe/juice bar/novelty shop. This is both my largest advantage and my biggest issue to overcome. I have to forcast my profits for the next two years, and I have no existing business model to ask.
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Secondly, calculate the maximum amount of cash it will require to start your buisness. Then double the amount. That's how much you actually need.
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Working on it, boy am I working on it. We'll probably be borrowing upwards of $100,000, but I won't know until at least Wed.
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Additionally, be prepared to starve for a year, becuase for the first few months your losses are going to be greater than your proffits.
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Thanks for the advice.
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Ask your mother to invest in your business. Even though it is a family investment, she is a businesswoman. If your plan is good, and it looks like it'll make money, she gives you what you need, you double it, and pay her back with good interest.
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Heh, kinda wish I could. Hard to ask my mom anything when she's on disability. You've got me and Rezero mixed.
And Space Pope, really sneaky. I might just resort to those kinds of tactics if worse comes to worse. As soon as I have my business plan, I'll forward it to you to give a look-see. I'll probably call you sometime tomorrow night if all goes well, and thanks for all the advice man.
Jose'
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