tbimm Posted September 7, 2010 Share Posted September 7, 2010 So after 15 years with the same shop I have finally decided to make a go of it on my own. I have never run my own business and I am a bit nervous. I am at the point now where I am making more on the weekends than I make all week and I have ZERO benefits with my current employer. I really don't see what I have to lose by trying this.?.?.? Oddly enough it was my daughter who gave me the final push to do this. She said, " Daddy I am all grown up now and the only person you need to take care of is you. Your 43, what are you waiting for? " I will be finishing out the month with my current employer while I put together the LLC and insurance issues then I am on my own. Wish me luck! Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted September 7, 2010 Share Posted September 7, 2010 All good fortune to you! Will your current employer see you as a major rival for business? Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted September 7, 2010 Share Posted September 7, 2010 Good Luck, man. It's rough at first, but very, very rewarding. Quote Link to comment Share on other sites More sharing options...
Big John Posted September 7, 2010 Share Posted September 7, 2010 Good Luck Quote Link to comment Share on other sites More sharing options...
ts Posted September 7, 2010 Share Posted September 7, 2010 Good for you. One bit of advice if I may ... assuming you don't have prior experience with the "business end of the business" make sure you get some help from a reputable attorney/tax specialist, if only to try & avoid some of the novice mistakes that can turn things into a financial headache when the state/local/federal governments start to take notice of you. Â Good luck with your new endeavor. Quote Link to comment Share on other sites More sharing options...
tbimm Posted September 7, 2010 Author Share Posted September 7, 2010 All good fortune to you! Will your current employer see you as a major rival for business? Yes and that has been discussed already. My boss and I have really become friends over the years and I fear I may lose that friendship as I grow my business. Where someone takes their car for repairs is up to them not either one of us but I fear he will not see it that way. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted September 7, 2010 Share Posted September 7, 2010 Yes and that has been discussed already. My boss and I have really become friends over the years and I fear I may lose that friendship as I grow my business. Where someone takes their car for repairs is up to them not either one of us but I fear he will not see it that way. That's what I thought. If you already have your own shop, is it quite close to your employer? What about renting some space further away? I ask because it might be possible to work together cooperatively, passing business to each other if you're not next door. Quote Link to comment Share on other sites More sharing options...
nuke'em ttg Posted September 7, 2010 Share Posted September 7, 2010 If anybody's got the ability and drive it's you Tom to succeed.....as much as i hated payin a lawyer the guy did get me ligit and got me an awesome inspection agreement to protect me, actually i traded work with him for most of the cost (fixing deck, retaining wall) maybe you can work somethun like that out ta make it easier on the tacos....GOOD LUCK BRO Quote Link to comment Share on other sites More sharing options...
tbimm Posted September 7, 2010 Author Share Posted September 7, 2010 Also I need a name. Something catchy. I am drawing a blank on this one! Quote Link to comment Share on other sites More sharing options...
keggerz Posted September 7, 2010 Share Posted September 7, 2010 (edited) Congrats and good luck Edited September 7, 2010 by keggerz Quote Link to comment Share on other sites More sharing options...
tbimm Posted September 7, 2010 Author Share Posted September 7, 2010 That's what I thought. If you already have your own shop, is it quite close to your employer? What about renting some space further away? I ask because it might be possible to work together cooperatively, passing business to each other if you're not next door. I dont and wont have a shop at first. I have a pretty nice set up here at the house which is several miles from the shop. When I am ready to take the step of moving into an actual shop I will try to keep it away from his so as not to have that be an issue. Quote Link to comment Share on other sites More sharing options...
NSab Posted September 7, 2010 Share Posted September 7, 2010 Good luck Brother, I have been my own boss for going on 20 years now. Follow the advice above get a good accountant you can work with let them handle taxes etc. You do your thing. Quote Link to comment Share on other sites More sharing options...
Big John Posted September 7, 2010 Share Posted September 7, 2010 Also I need a name. Something catchy. I am drawing a blank on this one! Since you are into darts, Bullseye Auto Repair? Quote Link to comment Share on other sites More sharing options...
NSab Posted September 7, 2010 Share Posted September 7, 2010 I like it! Bullseye. Quote Link to comment Share on other sites More sharing options...
Cameltosis Posted September 7, 2010 Share Posted September 7, 2010 Will you be just repair or will you be towing? If so, may I recommend Camel Towing. Quote Link to comment Share on other sites More sharing options...
rocknrobn26 Posted September 7, 2010 Share Posted September 7, 2010 Best of luck, Tom, in your new venture. As far as a name, I still prefer doing business w/ people that have their name as at least part of the company's name. I'd never call a place to do work for me like "Royal Flush Plumbing". But that's just me. Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted September 7, 2010 Share Posted September 7, 2010 Good luck!!! Â Â Just stay away from boat repair . . and you will be all good. Quote Link to comment Share on other sites More sharing options...
Perchoutofwater Posted September 7, 2010 Share Posted September 7, 2010 Like others have said, get a lawyer and an accountant. It's sad that you have to do that in order to run a business, but unfortunately these are the times we live in. Good luck. Quote Link to comment Share on other sites More sharing options...
tazinib1 Posted September 7, 2010 Share Posted September 7, 2010 That's fantastic news. Wish you all the best brother. Â And Bulls eye hit's the spot!! Quote Link to comment Share on other sites More sharing options...
twiley Posted September 7, 2010 Share Posted September 7, 2010 Good luck tbimm! Quote Link to comment Share on other sites More sharing options...
Footballjoe Posted September 7, 2010 Share Posted September 7, 2010 Â Wish you the best. You can supplement your income by charging for advice on the huddle forum. Quote Link to comment Share on other sites More sharing options...
loaf Posted September 7, 2010 Share Posted September 7, 2010 good luck Quote Link to comment Share on other sites More sharing options...
Bier Meister Posted September 7, 2010 Share Posted September 7, 2010 congrats! all the best tom. go get em! Quote Link to comment Share on other sites More sharing options...
JoJoTheWebToedBoy Posted September 7, 2010 Share Posted September 7, 2010 Also I need a name. Something catchy. I am drawing a blank on this one! Â Call it Puddy...... Â Â Good luck. Quote Link to comment Share on other sites More sharing options...
Thews40 Posted September 7, 2010 Share Posted September 7, 2010 Good luck... they say it's the best way to become rich (work for yourself). Quote Link to comment Share on other sites More sharing options...
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