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  1. S

    Rules are rules....

    It's been a long time since I posted in the forum...I poke my head in occasionally, but haven't really kept up. I've been swamped with keeping my business afloat the past year. It's been a hellish year. Things were incredible this time last year (and when I first joined the forum)...so much...
  2. S

    Did i make a mistake investing in my wife's business?

    PEOPLE HOT! 
    I think it really depends what you discussed with your wife when you agreed to give/invest the money. If you discussed having a say in the business as a condition of investing, then you have every right to make your case for reducing the company expenses. If you didn't...if you provided the...
  3. S

    New Business Cash needs

    PEOPLE 
    The requirement from banks or the SBA that you put in some of your own cash is there for a reason...so that you have skin in the game. If you stand to lose nothing but borrowed money, the thought is that you won't work as hard to make it work. If you've run the numbers every way possible and...
  4. S

    When to get business valuation?

    I've been reading about formal/professional business appraisals, and considering getting my company's worth checked out. We have no immediate plans to sell, so I'm worried I might be jumping the gun in paying for a valuation now...but thought it may be good to have so that a) we'd know what our...
  5. S

    Local Entrepreneur Fair... UGH!

    MINDSET 
    What's amazing to me is that this variation of small business ownership is exactly what's peddled by most community or govt sponsored seminars. I see announcements for them frequently in our local paper, and the idea is sold in large national mags as well...the idea being "hey, you've been laid...
  6. S

    Occupy Wallstreet Thoughts

    HOT! 
    I agree that list is ridiculous, especially worldwide debt forgiveness (WTF?)...but for the record, that list is not a consensus list, it's just one person's list that is getting media hype. It states that pretty clearly at the top.
  7. S

    Occupy Wallstreet Thoughts

    HOT! 
    I'm going to have to disagree...I am kind of proud of those kids for being there. Let's be honest, the system that wrings 40-80 hour work weeks out of the typical worker in return for paltry vacation time, insufficient health coverage for most, and a retirement investment system that may keep...
  8. S

    What Do You Pay Your US Accountants/Year (for Corporations Only)?

    I can understand why you're asking (just got a surprise $700 bill from our account too), but am not sure it will be an easy thing to suss out on the forum, bc of what bflbob said...diff company sizes and needs. I am like kak, I do all the bookkeeping for 2 companies on quickbooks. With their...
  9. S

    Feedback before I commit $100,000

    WEB/DIGITAL 
    Completed your survey, sounds like a promising idea! Our biggest hurdle would be the whole punching in concept...our employees are highly educated and would be offended. Yeah, we are probably too lax about it, but there's something to be said for a workplace with the honor system. I guess if...
  10. S

    peanut butter business

    Nuts don't make people fat...people eating too many twinkles, big macs, and 64oz sodas makes people fat. Nuts are a healthy natural food.
  11. S

    Tips for Lease with commercial tenant?

    REAL ESTATE 
    Thanks AJ! Would you mind sharing what your sticking points have been, and why you feel they are critical to get right? I did some research, and think a gross lease is probably what fits best for us, though with some modification...prob want tenant to cover their own electric, and maybe...
  12. S

    project mgt/collaboration software suggestions?

    We've been looking at ManyMoon, it's in google apps. Haven't fully implemented yet, but have run a few test projects through it and it seems to be a good fit. It integrates w google docs and email, seemed to be good for assigning components of a project to a specific person, tracking progress...
  13. S

    Hiring/Firing Employees

    OFF-TOPIC 
    First off, I'm not a lawyer, so this info is just to the best of my knowledge and may not be accurate in every state or outside the US. That said, You would have every right to disallow smoking at your gym / place of business. You could probably even disallow the consumption of fast food or...
  14. S

    Hiring/Firing Employees

    OFF-TOPIC 
    If you sign a contract with your employee, you must have 'cause' to fire them...basically both sides have to obey the contract. If there's no contract, employees have been hired 'at will' and can be fired without cause. Never ever say what you said out loud, or in email or print. Research...
  15. S

    Credit Card to Build Credit History? And does credit even matter

    Also, it's worth reading a few articles about what goes into your credit score...it's mostly black magic, but some aspects you can control. For example, length of credit and variety of credit both matter. So pick your first general credit card with care, because it will be to your benefit to...
  16. S

    Credit Card to Build Credit History? And does credit even matter

    My experience has been that, especially in an LLC structure, and especially in the early stages, and especially in the current lending climate...yes. Your personal credit matters...a lot. Definitely start actively building your credit, as soon as you can do so responsibly. One of my...
  17. S

    Tips for Lease with commercial tenant?

    REAL ESTATE 
    Thanks to both replies so far! Yes, triple net is the term I couldn't remember...I appreciate the explanation, because now I realize thats not what we want. Guess we want them to do interior maintenance and insurance, but it's just easier for me to do the rest (from the owner occupied side)...
  18. S

    If You Had $1,000,000...

    While it's not a million dollars in our case, this is actually a pretty real scenario for my company at year end...and I imagine we're not the only company, breathing a sigh of relief at a positive year, who takes a look at projected year end net profits and starts thinking of positive ways to...
  19. S

    Tips for Lease with commercial tenant?

    REAL ESTATE 
    Hoping someone here may have some good tips for what to include (and not include) in a lease agreement with a commercial tenant. Basic details: it is new construction, light industrial space. My company occupies one half of the building, so we'll constantly have an eye on things...but we...
  20. S

    Have you heard of Score?

    Yes, we have an active SCORE chapter in my town. It can be a great resource...basically it is an organization where retired executives volunteer to help people starting or running small businesses. There are at least two ways to make use of this group...by requesting a match online (so that...
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