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Small business owners, what do you usually make gross when initially starting up?
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[quote:Anonymous Coward 24011342:MV8yMDc3OTIxXzM0OTgyMjczXzFEM0JCRjY4] [quote:Anonymous Coward 3558872:MV8yMDc3OTIxXzM0OTgyMTg0XzY4MTg4NUQ=] [quote:Anonymous Coward 24011342:MV8yMDc3OTIxXzM0OTgyMTQwX0FENTkwMzQ4] [quote:Anonymous Coward 3558872:MV8yMDc3OTIxXzgxMkFCQzU5] Just kind of curious, approximate figures ok. Just trying to get a feel of how much you initially were making starting your own business, and how long it took before you made more, or it failed. Thanks! [/quote] If you are asking this question here, then you by no means should start your own business! I am not trying to be a jerk, but, you have to know your business...plain and simple. You need to know the usual margins in the type of business you are going into. Here is a list of types of books to go check out... Marketing for a small business. Accounting for a small business Tax law for a small business You need to think about risk and insurance and the form of the business...LLC, S type corporation, D type corporation... local laws...getting tax ID numbers, filing the paperwork for your business....licenses for your business....do you need insurance for your business...which may vary with how you "incorporated." Take the time to think and plot out your business...don't just jump into it! Here is a question for yourself...not us here...but for you... What is the failure rate of this type of business once it starts up? [/quote] I already have a business plan, attorney, accountant, etc. Basically I am trying to get input from other business owners to see what they may have focused on in the early terms that would have made a difference in revenue, sales, etc. Thanks. [/quote] Then your first order of business is to fire your accountant...and then fire your attorney. Your accountant should be able to answer the questions on revenue...and your lawyer should have given you the best type of business to start...which would affect how your accountant crunches the numbers. If they want extra money for that type of help...then either get new accountants and lawyers...then go down to the nearest SBA and ask to speak to an accountant...who should be able to help you out for free. [/quote]
Original Message
Just kind of curious, approximate figures ok. Just trying to get a feel of how much you initially were making starting your own business, and how long it took before you made more, or it failed. Thanks!
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