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Search results

  1. S

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    Read and studied it multiple times. Extremely grateful for the trajectory that it placed me on.
  2. S

    Busy husband and father...

    INTRO 
    We have decided to sell theeasychicken.com. Thanks to all of you who commented on this thread almost a year ago now. Also, my wife's grandmother passed away this spring, so we're piecing together income to meet our needs while we grow Jansen Sharpening. @NateKruse how is your sharpening business...
  3. S

    What's Value of Companies Under $100K Net

    Thank you. Good reality check. I was getting excited thinking that because we'll hit the 40K net income threshold this year from this business that it is sellable. But I realize that I would/will need to put some automated systems in place before it has much value.
  4. S

    What's Value of Companies Under $100K Net

    Thanks. This is completely foreign territory for me.
  5. S

    What's Value of Companies Under $100K Net

    Is there an exception to MJ Demarco's method of valuation of a business asset for very small companies like mine that have revenues under 100K? Our main competitor/counterpart in another city (they appeared on shark tank) said that someone could start up a business and do what we do, and that...
  6. S

    Bookkeeping Needed - Xandoo.com?

    PEOPLE 
    Am I Making the Right Decision? As mentioned above, we are switching bookkeepers due to them not delivering on essential details, commitments with regard to our bookkeeping. The Problem: Included in their monthly fee ($250) they also provide administrative support and good advice. For example...
  7. S

    Busy husband and father...

    INTRO 
    This really resonates. This is the way I'm leaning right now. My wife and I are talking ongoing about our direction. Thank you so much for taking the time to comment.
  8. S

    Busy husband and father...

    INTRO 
    Thank you for the encouragement. If we decide to tread a safer path of doing it very similar to what we've done, I think this is the way to go. Thanks a bunch!
  9. S

    Bookkeeping Needed - Xandoo.com?

    PEOPLE 
    Our accountant friend said risk, with being a startup with 10 employees is that they might go out of business.
  10. S

    Bookkeeping Needed - Xandoo.com?

    PEOPLE 
    What an outside of the box idea. Thank you!!
  11. S

    Busy husband and father...

    INTRO 
    We're thinking about slicing rentals from our repertoire because it is seems to restrict us to a local market, and there's not enough locals to rent that would enable us to hire our jobs like repairing cleaning up coops. We've also considered significantly increasing rental prices to make it...
  12. S

    Bookkeeping Needed - Xandoo.com?

    PEOPLE 
    We are needing to switch bookkeeping services, and I was wondering if anyone has any input on choosing a bookkeeper. While doing a web search, I found xendoo.com and also wondering if anyone knows anything of that company, and can provide any recommendations or cautions. I realize that MJ...
  13. S

    Busy husband and father...

    INTRO 
    Actually, with updated numbers I saw today, our net is around 30K YTD.
  14. S

    Busy husband and father...

    INTRO 
    Jansen Sharpening Control: We're good there Entry: A little too easy, relatively low equipment costs to start out, and have to have good fine motor skills Need: It is awesome to use sharp knives and tools; But on the other hand, you can get every type of kitchen knife at the dollar store; I have...
  15. S

    Busy husband and father...

    INTRO 
    Thanks great input. Yes, we're considering all of the above. I went into detail today with regard to the chicken business in other posts on this thread. Jansen Sharpening is definitely a simpler business. However, our net income this year will be $10,000 (last year, $7000), and I don't see a way...
  16. S

    Busy husband and father...

    INTRO 
    This is one aspect of our business, but the most labor intensive. We also have sales of our packages and hourly consultation visits.
  17. S

    Busy husband and father...

    INTRO 
    Or we could assist people to find chickens locally on their own, by telling them where to look, and give them tips on do's and don'ts. The challenge is when people don't want their chickens any more. Locally, we're always on the lookout for animal-friendly farms that will receive non-producing...
  18. S

    Busy husband and father...

    INTRO 
    So you can see how time intensive this is. Also doing rentals remotely (without a local franchisee) would be difficult because of the cost of shipping the chicken and coop back vs. the total cost of the coop and chicken. So we were to scale nationally without franchising, it would seem to leave...
  19. S

    Busy husband and father...

    INTRO 
    Thanks again for reflecting on this with me. To start, I'd like to mention a few challenges that the business currently has. - We drive ten minutes each way to get to property where we raise the chickens (we live on 1/3 acre in a blue-collar suburb) - The property is offered to us free of...
  20. S

    Busy husband and father...

    INTRO 
    Is @NateKruse the person who is trying to fastlane a sharpening business?
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