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October 04, 2007


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Timely post. My husband is thinking of going into business for himself. His current sales job isn't going really well. We're not ready for him to completely take the self-employment plunge yet, so in the meanwhile, he's looking for a interim job that will give him a couple of weekdays off to focus on his self-employment venture. He'll do both until his new business reaches the point that it can support our family.

That's the plan anyway. We're still in the very early stages of discussing it, so our plan may change.

Starting my own with some friends. Software is developed and ready, patent application is being put together by the attorney, website and marketing material is in the works, only thing left now is to start selling and making money!

Good post... Just can't think of any lucrative ideas to go after right now!

My husband started his business on the side while still working in corporate communications for a major pharmaceutial company. He probably worked 20/hours per week for his own clients while still holding a full-time day job. When the pharm company moved its headquarters, it offered severence packages to those unwilling or unable to move across the country. The severence package gave us the "float" we needed to cover expenses while our own business transitioned into a full-time venture. Interestingly, one of his first big clients was the company he'd perviously worked for! We've been on our own for 8 years now, doing great.

I meant to write "previously," since "perviously" is not a word! Sorry.

Good call reminding folks about their health insurance. The cost of going on your own can increase as you get older because of rising insurance costs. Sometimes it pays to spend a little time with a financial planner ahead of time to understand health insurance, disability insurance, buy sell agreements and so forth.

Former radio talk show host Bruce Williams (I assume he must be retired by now) used to describe buying a going sole-prop business as buying a job.

I've long thought this might be a great idea for a low-income worker with experience in the same field as the target business. If you're earning $15K, and a retiring business owner has a business which generates $50K net, that would seem to be worthwhile if you can get reasonable terms from a seller who doesn't need to cash out.

If you're accustomed to living on a shoestring, you'd have a lot of money left over to pay the seller and grow the business.

Is it feasible? I haven't seen this sort of thing written up anywhere.

If impervious is a word, imperviously should be a word. If imperviously is a word, shouldn't perviously be a word?

My husband and I started our business 5 years ago. It was originally started as a side business to earn money for his motorcycle. But then his job got really stressful so he decided to quit and try his business full-time. We had already bought all the necessary equipment and saved up a good amount for our emergency fund.

Our business took off and our income from the business is growing remarkably each year. Each year we try to find new streams of revenue for our business in case one stream dries up, then we have plenty of options for more revenue.

I do have health insurance from my job. I work from home for a small non-profit and they don't pay much in salary but the health plan is really great so that covers out health insurance. That can be a huge drain on business income!

fought with this idea when i got out of college, but couldnt get anything to float.

i then started researching real estate investment (not speculation). started my company at 24 and couldnt really do anything with it for a year (no money for downpayment). have been expanding mentally and physically for the last year, and am very optimistic about the next couple of years.

i am currently still full time employed, and am looking to find a new job where i can post up for another year or five, depending on how time consuming my real estate becomes. i plan to take it to where i do not have a desk job any more. i just need sustainable income enough to cover eating/health insurance/etc.

i would recommend starting a business, i would recommend real estate investment. if only for the tax incentives and cashflow. people NEED what you are selling.

Hmmm... I start and run a business when I was 19. Yep, I didn't study in any university or even work for anybody. Now after 5 years of working hard, I can tell you from my experience that - starting a business is tough and much more than getting a steady paycheck from a job. However, if you do everything correctly and pass all the hard time, you will get the results. So starting a business is risky if you are giving up each time you have a problem. But if you know you can continue no matter what happen, then a business is not as risky as you think.

Of course, my case is different as my parent support me on this. I also don't have any life commitments such as a family. So I can take any kind of risks. But if you are different, then you must think probably, I think starting a part time business is a good choice for you.


I'm looking for a no-cost business opportunity but I don't know where to find them? Do you have any recommendations?

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