Thread: Diary of Opening A New Business

Great Day today. Closed a big deal, got an email from someone else that wants to move forward in April.

I have been working on this other idea I have had for a while, But I would need vested suppliers, well, I had one of them offer me $240k in funding today. (all that I need, and the first guy I pitched) Not sure if I am going to take it as I have a lot of other pieces to put together, I kind of wanted to spread it around to some other suppliers, so they have an interest in me making it. It was too easy though. 1 hour in he asked why I would want someone else to put money in when he was willing to do the entire thing.

This is starting to be a lot of fun.

VOIP can suck it.

does everyone have issues with voip lines?

what is the average cost of voip?

What is the average cost per person now that you have switched to regular phone lines, are you calling nationally?

I would appreciate a price breakdown as im looking into this myself and i can not afford the "no experience, trial and error issues" im sure i will face off with. thank you

Quick Update:

Business has been going well. The business is cash-flowing itself. So Step one is accomplished, now it is all about scaling up. I expect many more hiccups, but we are looking pretty good. Finally got a ringer salesperson, so she is dragging up the others.

The regular lines were 50 -60 bucks a month with unlimited long distance, so it doubled what I was paying before, but now I am not hearing "can you hear me" anymore.

this is really inspirational...to bootstrap a company with 15k and it have multi-million dollar potential...NICE!!

Thanks...

yeah this is amazing for sure, starting with such little capital and having potential to make millions.

any updates Jack?

ive been waiting for some updates as well to be honest.

Quick update.

Moving to a bigger, (not much) just better suited office at the end of the week. Still on month to month. Wish I knew exactly what I need space wise, cause I feel within 6 weeks I will be moving again, but I do not want to over pay or get something to small, right now I am not sure what i will end up with, I am thinking 4k sq feet, just not sure of the layout yet. At this point though every dollar counts.

Friday bought some new-used furniture, have to move it today. Not looking forward to that. I need to buy some cubicles, not looking forward to that either cause cubicles are a pain in the a.. to move and set up.

But that will be when I move to the bigger office, (I literally gave away 32 nice cubicles when I sold my last business. I wish I had those back)

Sales are going. New employees are there, Still trying to hire everyday.

The plan is in the next 90 days to have 25 full time employees. Let's see what happens.

Very nice Jack, good progress. I've seen businesses that have taken a year plus just to get where you're at now.

Jack those cubicals are more than i thought. Im sure if you look around craigslist for a while you will be able to get a steal. Especially now with most offices hurting, even ebay.

Oh I would never by new cubicles, I have found many, they are just a pain in the neck to move and set up... $$$ I hate spending, but I must.

thanx for the update jack...i have been anticipating ur posts...we're getting a real birds eye view of the growing pains associated with growing a business in this rough economy and its insightful as well as motivational...it has me thinking whats the best to invest 15k for those type of potential returns?

Quick Update:

Everything is going good, no worries.

Look's like something else I am working on (different product, but same kind of deal) is working out even better, So very busy.

Nice. thanx for the update.

Wow, two at the same time? You must be a real pro at this

Moved into a new (well new for me office) 1,700 sq feet office today. Bought 10 "matching" cubicles yesterday.

I am so sick of looking at furniture that does not match.

Wanted to move into a 3,400 sq footer, but they leased it right out from under me, Well not really, I am on a month to month and the new people signed for two years, so I can understand. and besides I just saved myself 4k over the 90 days in rent. Vanity has its price, but no need to over spend on wasted space.

Hoping to be out of this office in 90 days or less, to something more suitable. If not, then I am not reaching my sales goals.

Going well.. Will keep you all posted.

Plus I have decided that I think I am going to go for 25 million in sales in year 2. So I got's a ton of work to do.

I really hope this turns into one of those, wow, he started that kind of deals.

Originally Posted by andviv

Man, your updates make me itchy!!!!

I keep scratching my head thinking on what business you are running.

Your story is very inspirational. Thanks for your updates.

Get used to scratching...

Actually.. It is to simple of an idea. People will think it is way to easy to duplicate but it isn't.

I am not re-inventing the wheel.

If I remember to take some pics tomorrow, I will post them up..