Who's a business owner?
10-22-2008, 03:12 PM
#1
3.0 BAR
Thread Starter
Join Date: May 2006
Posts: 1,967
Who's a business owner?
Alright I know some people on here own businesses. Tell us a little about it, how it got started, what you do, how much it grew etc...
I've been thinking about starting a machine shop, or some kind of business in manufacturing. Not right now but maybe in a few years.
I've been thinking about starting a machine shop, or some kind of business in manufacturing. Not right now but maybe in a few years.
10-22-2008, 03:17 PM
#2
0.5 BAR
Join Date: Nov 2007
Posts: 104
Re: Who's a business owner?
i sell poorly made basemaps for turbo cars
i shrink my own market because everyone who buys one blows their engine and has to ride a bike
the first chip i sold covered the costs of every chip i ever bought +100
the second one covered the cost of my burner
the rest have paid for gas and tug jobs from 12yo at the big bowl buffet
it grows big, then i fire one out and its kinda small for a while
i shrink my own market because everyone who buys one blows their engine and has to ride a bike
the first chip i sold covered the costs of every chip i ever bought +100
the second one covered the cost of my burner
the rest have paid for gas and tug jobs from 12yo at the big bowl buffet
it grows big, then i fire one out and its kinda small for a while
10-22-2008, 03:33 PM
#3
3.0 BAR
Join Date: Sep 2004
Posts: 1,588
Re: Who's a business owner?
My old man and I design and build equipment that blows up plastic pipe.
He started it as a 'partnership' and panicked cause his partners sucked. I took over their part originally and moved operations into my folks garage/basement. Then we hired people little by little as needed.
It's grown to employ around 10 people at one time, now we cut back to 4 + a couple part timers.
leak testing some end caps before sending them for anodizing:
http://www.youtube.com/watch?v=wJcerRTdFIQ
http://www.youtube.com/watch?v=NtRNdgzRoq0
http://www.youtube.com/watch?v=bWcgyyQ19DM
http://www.youtube.com/watch?v=JK4Cxgi4UH0
He started it as a 'partnership' and panicked cause his partners sucked. I took over their part originally and moved operations into my folks garage/basement. Then we hired people little by little as needed.
It's grown to employ around 10 people at one time, now we cut back to 4 + a couple part timers.
leak testing some end caps before sending them for anodizing:
http://www.youtube.com/watch?v=wJcerRTdFIQ
http://www.youtube.com/watch?v=NtRNdgzRoq0
http://www.youtube.com/watch?v=bWcgyyQ19DM
http://www.youtube.com/watch?v=JK4Cxgi4UH0
10-22-2008, 03:35 PM
#4
0.0 BAR
Join Date: Feb 2003
Posts: 0
Re: Who's a business owner?
Originally Posted by Holsquirt.
i sell poorly made basemaps for turbo cars
i shrink my own market because everyone who buys one blows their engine and has to ride a bike
the first chip i sold covered the costs of every chip i ever bought +100
the second one covered the cost of my burner
the rest have paid for gas and tug jobs from 12yo at the big bowl buffet
it grows big, then i fire one out and its kinda small for a while
i shrink my own market because everyone who buys one blows their engine and has to ride a bike
the first chip i sold covered the costs of every chip i ever bought +100
the second one covered the cost of my burner
the rest have paid for gas and tug jobs from 12yo at the big bowl buffet
it grows big, then i fire one out and its kinda small for a while
10-22-2008, 09:23 PM
#6
3.0 BAR
Join Date: Sep 2003
Posts: 5,448
10-23-2008, 02:20 AM
#8
0.0 BAR
Join Date: Feb 2006
Posts: 0
Re: Who's a business owner?
My family owns an independent insurance agency... it's been around for 20+ years, so it's fairly well established. That business is essentially my parents' retirement plan so they will still be drawing an income after they're done.
However, I do have big plans for the company when I'm calling the shots... mostly trimming alot of fat in the office (IE: getting rid of unnecessary personnel). Employees are usually the biggest expense for a small business. Surrounding yourself with the right people is key.
However, I do have big plans for the company when I'm calling the shots... mostly trimming alot of fat in the office (IE: getting rid of unnecessary personnel). Employees are usually the biggest expense for a small business. Surrounding yourself with the right people is key.
10-23-2008, 02:22 AM
#9
0.0 BAR
Join Date: Jun 2008
Posts: 0
Re: Who's a business owner?
Originally Posted by Kenny Rogers
My family owns an independent insurance agency... it's been around for 20+ years, so it's fairly well established. That business is essentially my parents' retirement plan so they will still be drawing an income after they're done.
