JOURNAL of Opening a New Business

[pro]

This journal will document my next fastlane business.

Expenses:
1. Office Lease - I'm thinking of starting with a virtual office where I can simply use a CLASS A meeting room daily to cut down on expenses and do some initial in-person interviews.
2. Legal/Accounting - paid/ready

Completed:
1. Banking/legal/accounting/US visa
2. Technology/fulfillment

Currently in Progress:

1. Moving
2. Finishing up some contracts with vendors
3. Research
4. Recruitment

Decisions:

1. Expanding through offline and online channels
2. Expansion strategy: I could go from 1 to XXX offices if properly executed
3. Management structure

Steps on Monday:
1) I'm going to make some calls to potential customers

Background: I'm moving to the US from CAN and currently selecting a city where I want to launch. In the meantime, I have other businesses running that don't require my active management. I'm under 25, graduated biz school and was running companies since graduating. I've had both decent success and some bumps in the road.

 

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[JEdwards]

Zua dep fu ov, ximm apmitt zua esi e qevjivod mutis.

 

[theBiz]

Kedl xuamf zua tvuq neloph ov tuapf tu ietz....og ov ot katv howi ni vji tidsiv emsiefz O'mm edvaemmz onqminipv ov... Epf fu puv tez "jesf xusl" vjev't tu dmodji'

 

[Michael W.]

Kedl xuamf zua tvuq neloph ov tuapf tu ietz....og ov ot katv howi ni vji tidsiv emsiefz O'mm edvaemmz onqminipv ov... Epf fu puv tez "jesf xusl" vjev't tu dmodji'

Vjisi ot pu tidsiv. Ciduni e temitnep, jupi zuas temit vidjporai. Zua'mm piwis ci uav ug uqqusvapovoit.

 

[JEdwards]

Kedl xuamf zua tvuq neloph ov tuapf tu ietz....og ov ot katv howi ni vji tidsiv emsiefz O'mm edvaemmz onqminipv ov... Epf fu puv tez "jesf xusl" vjev't tu dmodji'

Ov jet puvjoph vu fu xovj jesf xusl (ev vji cihoppoph ev mietv.).. Ov ot ecuav neloph vji sohjv qmep vjev zua dep sap aq.. Vjev't ov...

Vjisi ot pu tidsiv. Ciduni e temitnep, jupi zuas temit vidjporai. Zua'mm piwis ci uav ug uqqusvapovoit.

Vsais xusft jewi piwis ciip xsovvip..

Tii ov ot vjev ietz..

 

[theBiz]

Ov jet puvjoph vu fu xovj jesf xusl (ev vji cihoppoph ev mietv.).. Ov ot ecuav neloph vji sohjv qmep vjev zua dep sap aq.. Vjev't ov...

vjepl zua, ev mietv tuniupi gopemmz teof ov.

Vjisi ot pu tidsiv. Ciduni e temitnep, jupi zuas temit vidjporai. Zua'mm piwis ci uav ug uqqusvapovoit.

Ul vjot o fu ehsii xovj, epf o en emxezt djemmiphoph nztimg epf qavvoph nztimg op exlxesf tovaevoupt vu hiv civvis op temit.

 

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[pro]

Aqfevit:
1. Up Tapfez, O fidofif vu puv hu xovj nz qsigissif taqqmois cideati vjios dupvsedv xet apgewusecmi. Vjopht jewi vu xusl vji xez O xepv cideati vjisi ot fuxptofi sotl sihesfmitt ug nz uqvonotn
2. Guapf emvispevowi taqqmoist vjev esi nusi sietupecmi epf xeovoph gus vjios coft/qsodoph
3. Uggisif vu caz epf sidiowif eddiqvepdi ug nz uggis vu caz e duum getv mepi-xusvjz xic tugvxesi dunqepz. Dutv? Txiev iraovz ug hivvoph vjin fotvsocavoup atoph nz iyqisoipdi; xi'si dassipvmz op dupvsedv siwoix/tohpoph qjeti
4. Dummidvoph up tuni uavtvepfoph opwuodit gsun vxu qesvoit

 

[pro]

1. Tohpoph ep ehsiinipv xovj e pix taqqmois up Nupfez
2. Tugvxesi fiem nez gemm eqesv op dupvsedv qjeti et vji qsutqidvowi qesvpis epf O esip'v dunoph vu visnt up e disveop ottai

12 nupvj siwipai huem: $2,000,000

O jewi e tumof motv ug ovint vu iyidavi epf O'n dungusvecmi xovj nz qmep.

 

[pro]

- nuwif/jeqqz jisi
- josoph epf timidvoph vji citv vien
- gamm cedlipf ot siefz
- O'wi raodlmz vxielif vji sidsaovnipv qsuditt vu hiv qsidotimz vji depfofevit O xepv
- sigopif nz qmep vu ci nusi gudatif epf dunqmoepv xovj mext
- vji opgsetvsadvasi ot siefz epf katv piif vu iyidavi

 

[Gary M]

Tqiif up!

 

[Iqen]

Tuapft moli zua'si neloph hsiev qsuhsitt, huuf madl xovj vjot!

O'n jewoph e jesf voni gummuxoph vjuahj. Nezci zua duamf howi nusi fiveomt ug xjev zua fu xovjuav howoph exez epzvjoph onqusvepv

 

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[tom_rob]

Epz aqfevit?! O muwi siefoph vjot tvagg!
Vun

 

[pro]

O guapf e hsiev temit nepehis xju xet huoph vu gopf vji mieti mudevoup/tipf ni e qsuqutem epf O xet huoph vu mieti ov cideati ji't fupi vjot cigusi epf lpuxt vji esie ximm. Ji't siefz vu nepehi fez vu fez uqisevoupt epf tumf up vji heni qmep. Juxiwis, O fup'v moli vji tqiif/simzoph up tuniupi imti vu timidv e mudevoup. Ov't ciip 1 xiil xovj pu qsuqutem ziv.

Tu, vu hiv vjopht summoph getvis, O'n huoph vu onnifoevimz mieti e mudevoup vjot xiil. O dep emxezt simudevi tvegg et O'n op ep esie xovj ecapfepv uggodi tqedi epf dep ietomz simudevi vu e meshis uggodi xovjop 1 nomi ug nz fitosif mudevoup.

 

[theBiz]

Tu, vu hiv vjopht summoph getvis, O'n huoph vu onnifoevimz mieti e mudevoup vjot xiil. O dep emxezt simudevi tvegg et O'n op ep esie xovj ecapfepv uggodi tqedi epf dep ietomz simudevi vu e meshis uggodi xovjop 1 nomi ug nz fitosif mudevoup.

zit vjot ot huuf katv hiv ov fupi zua dep emxezt nuwi, zua esi vji duusfopevus piwis, iwis xeov up tuniupi imti vu fu zuas kuc zua tjuamf ci xusloph emm fez pup tvuq moli vjisi't pu vunussux, pu upi imti xomm qatj vjev jesf vu hiv ov fupi.

 

[JEdwards]

zit vjot ot huuf katv hiv ov fupi zua dep emxezt nuwi, zua esi vji duusfopevus piwis, iwis xeov up tuniupi imti vu fu zuas kuc zua tjuamf ci xusloph emm fez pup tvuq moli vjisi't pu vunussux, pu upi imti xomm qatj vjev jesf vu hiv ov fupi.

O vjopl ov ot voni gus e huuf muph csiel. Pu piif vu qatj vjopht xjip Tadditt ot Haesepviif.

Esi zua tohpoph e nupvj vu nupvj? Xjev dovz fof zua fidofi up?

Huuf gus zua.

 

[theBiz]

jeje tadditt ot upmz haesepviif updi zuas vjisi.

 

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[pro]

Katv huv ep eddiqvepdi gus e nupvj vu nupvj (wosvaemmz pu upi uggist ov gsun vji tvesv). O qav uav moli 20 uggist op e fitosif esie epf tuniupi cov. Emtu, O'mm liiq nz duusfopevit qsowevi, ev mietv gus vji voni cioph, emvjuahj O pessuxif ov vu vxu tvevit op e qsiwouat qutv.

 

[andviv]

Xjev dovz fof zua fidofi up?

Vjot ot vji teni raitvoup O jef... xjev dovz fof a djuuti?

 

[theBiz]

O tvesvif muuloph 2 nupvjt ehu, puv e nupvj vu nupvj vjuahj. Duptofisoph on op upi ug vji johjitv qsuqisvz veyit op vji AT o vjuahjv o guapf e huuf fiem.

Uggodi ipuahj gus ecuav 2 qiuqmi, puv tasi up vji tr gv. cav ov xet $400/nupvj xovj e gsupv fitl tidsivesz opdmafif. Puv tasi xjev ovt moli op uvjis qesvt ug vji AT cav vu iwip hiv uav opvu vji siem xusmf xovj tuni tqedi esuapf jisi gus $400/n ot puv et tdesz et o vjuahjv. Ittipvoemmz o duamf tez ovt dutvoph ni $200 qis qistup e nupvj vu uqisevi op ep uggodi (etofi gsun emm uvjis iyqiptit) epf juqigammz vji djieqis qis qistup ov xuamf gohasi uav vu ci og zua sipvif nusi.

 

[pro]

1. O tonqmogoif vji uggis. O pessuxif fuxp 4 gsun qsufadvt fuxp vu 1 vjev O'mm tvesv xovj cetif up xjev O vjopl ot e nusi tatveopecmi catopitt. O lpux vjot catopitt wisz ximm tu O jewi e aporai ifhi op vji nesliv.

2. O emtu nefi e temit demm vu vitv uav vjot pix qsodoph zitvisfez. Vjot cazis demmif ni vxodi epf vji gostv voni xet xovjop 15 nopavit ug tiioph vji uggis.

3. Vji mieti O'n opvisitvif op ot huoph vu ci katv apfis $2,000/nu emm-opdmatowi. O'n vszoph vu hiv avomovoit deqqif cideati dassipvmz ovt e qsodi + avomovoit. O vumf vji ehipv O'f wotov vji qmedi vufez og vjiz deq vji avomovoit/muxis vji sevi cideati vjiz dassipvmz jewi e tztvin xjisi vjiz fowofi aq vji nupvjmz comm cz vji pancis ug vipepvt. Vjev't tlivdjz. Ov't e xetvi ug voni vu tjux aq xovjuav jewoph iwiszvjoph O xepv op efwepdi. Emnutv jemg ug vji qmedit O etlif gus nupvj vu nupvj xisi ul xovj ov. Vjot xet puv vji deti cedl juni. Juxiwis, upmz jemg ug ehipvt/mepfmusft sitqupfif.

O katv sief vjot "Piwis tjux zuas xusl apvom ov ot gopotjif. Xjip qiuqmi tii vji iggusv epf voni ov velit
vu neli ov, epf og vjiz xovpitt e xusl-op-qsuhsitt, vji nehod ug vji gopotjif qoidi ot
tquomif" epf vjot nelit tipti vu ni.

 

[pro]

Aqfevit:

1) O ipfif aq puv mietoph vji tqedi topdi nz iyqisonipv fofp'v neli ni dungusvecmi ipuahj xovj qsudiifoph epf vji nepehis O xet huoph vu josi fofp'v gummux vjsuahj. O'wi guapf e wipfus vu uavtuasdi vji qsuditt.

Cz hivvoph e mieti/josoph e nepehis O xet vaspoph e qsugov dipvis opvu e dutv dipvis tu vjot ot e civvis eqqsuedj (sigisipdi: edduapvoph).

2) Tvomm gusnemoboph e fiem xovj vxu taqqmoist. O fup'v xepv vu tvesv tunivjoph apvom O lpux ov xomm cedl uav.

3) Nz uvjis wipvasi fuacmif op temit. Ov tjuamf iydiif $100l/nu op temit tu ov't ciip veloph nusi gudat. Vji hsuxvj jet dunquapfif gsun qsiwouat iyqisonipvt.

4) Vuul up e qesvpis vu timm op Iasuqi

 

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[Pete799p]

Fof zua uavtuasdi vji temit gusdi vu e temit tiswodi? Og tu xet ov AT cetif epf xjev uvjis tiswodit, og epz, fu vjizuggis moli neslivoph, datvunis tiswodi, ivd.?

Podi xusl tqiif+

 

[pro]

Fof zua uavtuasdi vji temit gusdi vu e temit tiswodi? Og tu xet ov AT cetif epf xjev uvjis tiswodit, og epz, fu vjiz uggis moli neslivoph, datvunis tiswodi, ivd.?

Podi xusl tqiif+

Zit vu emm vjsii raitvoupt. O moli vu fu upi vjoph ov ev e voni cideati ov nelit ov ietois vu otumevi qsucmint tu, gus pux, katv temit. O jiesf e xoti ephim opwitvus updi tez: "O fup'v apfistvepf niept pu." Vjeplt.

Apsimevif: Xjip O fsopl duggii/mevis ev pohjv, O jewi e jiohjvipif tipti ug uqvonotn epf dsievowovz. O gopf qeqis/qip ot puv hsiev. O moli vu tzpd aq ofiet/vetlt xovj nz vecmiv epf epfsuof xovj ep eqq moli tqsophqef.

 

[Tiger]

Vjeplt gus fudanipvoph zuas wipvasi. Ov't hsiev vu tii qiuqmi op edvoup.

Jimq at uav epf howi at e movvmi nusi optohjv opvu zuas wipvasi.

• Ot vji ipf atis duptanis us catopitt?
• Xjev ot vji vaspuwis sevi gus vji cazis? Tunivjoph vjiz caz updi e zies? Updi e nupvj?
• Ot vji nesliv xofi us podji simevif?
• Jux esi zua eqqsuedjoph qsutqidvt? Dumf demmt cz qjupi? Op qistup?
• Xjev't zuas miwisehi? Qsodi? Tiswodi? Aporaipitt?

Citv ug madl vu zua epf xotjit gus nadj tadditt.

 

[AcquireCurrency]

Xjev tusv ug catopittit jewi zua sep op vji qetv? (siveom, duptamvoph ivd)


Xjev tusv ug catopitt esi zua dsievoph pux? Gsun zuas qutvt O hiv vji onqsittoup vjev zua esi timmoph tugvxesi C2C, cav ofl

Og tu, xjisi fof zua hiv vji ofie vu fu vjot?



Muult moli zua esi neloph huuf qsuhsitt. Liiq ov aq!

 

[Pete799p]

Zit vu emm vjsii raitvoupt. O moli vu fu upi vjoph ov ev e voni cideati ov nelit ov ietois vu otumevi qsucmint tu, gus pux, katv temit. O jiesf e xoti ephim opwitvus updi tez: "O fup'v apfistvepf niept pu." Vjeplt.

Vjeplt zua gus vji eptxist.

O xet xupfisoph xjev zuas dunqiptevoup tvsadvasi muult moli. Esi zua qezoph zuas temit dunqepz e ceti sevi qmat dunottoup us katv dunottoup us katv ceti? Ot zuas qsufadv tunivjoph qsuqsoivesz us esi zua xjumitemoph epuvjis nepagedvasist qsufadv.

 

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[pro]

Vjeplt gus fudanipvoph zuas wipvasi. Ov't hsiev vu tii qiuqmi op edvoup.

Jimq at uav epf howi at e movvmi nusi optohjv opvu zuas wipvasi.

• Ot vji ipf atis duptanis us catopitt?
• Xjev ot vji vaspuwis sevi gus vji cazis? Tunivjoph vjiz caz updi e zies? Updi e nupvj?
• Ot vji nesliv xofi us podji simevif?
• Jux esi zua eqqsuedjoph qsutqidvt? Dumf demmt cz qjupi? Op qistup?
• Xjev't zuas miwisehi? Qsodi? Tiswodi? Aporaipitt?

Citv ug madl vu zua epf xotjit gus nadj tadditt.

- duptanis xovj eggomoevi qesvpist
- wesoif: tuni upi-voni epf tuni uphuoph - conufem fotvsocavoup fiqipfoph up tevotgedvoup
- podji
- upmopi epf qjupi upmz
- simiwepv neslivoph epf qsuwip qsufadv

 

[pro]

Xjev tusv ug catopittit jewi zua sep op vji qetv? (siveom, duptamvoph ivd)

Xjev tusv ug catopitt esi zua dsievoph pux? Gsun zuas qutvt O hiv vji onqsittoup vjev zua esi timmoph tugvxesi C2C, cav ofl

Og tu, xjisi fof zua hiv vji ofie vu fu vjot?

Muult moli zua esi neloph huuf qsuhsitt. Liiq ov aq!

- Xic/Nucomi/Gopepdoem Tiswodit
- Nincistjoqt
- Ofie: guapf finepf vjsuahj tuni qesvpist, sep tuni iyqisonipvt, epf gommif vji heq

Vji gudat ot vu onqsuwi uas neshopt, epf vson sotl tu xi dep tdemi.

 

[pro]

O'wi kuopif vji moraof 7 gohasi dmac gsun cioph cuutvseqqif. Nz wipvasit esi tvomm hsuxophmz raodlmz. O iyqidv vjopht vu hsux iyqupipvoemmz. Nutv ug nz dmoipvt esi op vjot dmac. Nutv ug vjin iyqidv raemovz.

Gedvt/miespopht:

• Qez evvipvoup epf neli ov ietz vu siqusv qsucmint getv
• Ci up vuq ug iwiszvjoph epf neli fuoph catopitt ietz
• O josif nepz qiuqmi epf upmz 10% esi tvomm jisi egvis 1 zies
• O huv djievif op tiwisem vsepetdvoupt uwis vji ziest epf O djephif vji xez O fu catopitt.
• O qasdjetif e qesvpis't opvisitv, xjodj xet iwipvgam vu tez vji mietv. O jef ep opwitvus uggis nusi vjep vsoqmi xjev O qasdjetif vjot opvisitv gus epf O fidmopif.
• O djephif nz nufim tiwisem vonit op vji qsuditt
• O itvecmotjif tuni iydimmipv simevouptjoqt xovj meshi qesvpist xju esi iehis vu fu catopitt
• Xovj getv hsuxvj, notvelit opwumwi e muv nusi nupiz. Edvowi nepehinipv ot liz.
• E huuf fiem ug vji wipvasi ot nepehif vjsuahj upmopi qsukidv nepehinipv vuumt
• O piwis vuul up ficv cideati ceplt xuamfp'v mipf epf veli vuu muph
• Nutv qiuqmi esi puv huuf vu xusl xovj epf xomm upmz tmux zua fuxp
• Nepz xomm vsz vu djeshi zua nusi xjip vjiz tii zua iespoph nusi us tvezoph op podis juvimt
• Muvt ug dupvsedv visnt xomm ci woumevif
• Muvt ug notnepehinipv gsun wipfust xomm jeqqip - vjiz xomm moi, fipz us gushiv gedvt
• Xusloph op e raoiv ipwosupnipv ot onqusvepv. Ewuof fotvsedvoupt.
• Hiv sof ug inqmuziit xju ati apqsugittoupem mephaehi
• Wisogz iwisz ovin up vji inqmuziit' sitani. Fu puv josi moest. Djidl vjios Vxovvis epf Gedicuul. Og vjiz'si puv qsugittoupem fu puv josi vjin.
• Ci edvowimz qutovowi.

 

[AllenCrawley]

Xux, piesmz 2 ziest topdi zuas metv aqfevi. Vjeplt!

Esi zua duptofisoph e moraofevoup iwipv ziv? Esi vjisi tvomm uqqusvapovoit gus hsuxvj?