If you had the opportunity to start a small business | TigerDroppings.com
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rented mule
LSU Fan
Member since Sep 2005
776 posts

If you had the opportunity to start a small business

In this economy, would you?


wiltznucs
South Florida Fan
Apollo Beach, FL
Member since Sep 2005
7992 posts

re: If you had the opportunity to start a small business
Like any relatively new situation there is money to be made by those who view the situation as an opportunity. I'm certain opportunities still exist for those who choose to find them.

I think there is still huge money to be made in energy and in healthcare informations/Electronic Medical Records to name a few.


guttata
LSU Fan
prairieville
Member since Feb 2006
20383 posts

re: If you had the opportunity to start a small business
Absolutely.


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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
17183 posts

re: If you had the opportunity to start a small business
Most start ups fail because they are under capitalized. Given current uncertainties with regards to cost of regulatory compliance, it is difficult to forecast the capital requirements for a new business. I would be very cautious trying to start a business with significant capital requirements. Fortunately, I am a CPA, and my business depends on my personal services rather than capital investments.


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Meauxjeaux
Memphis Fan
90248 posts including my alters
Member since Jun 2005
18917 posts

re: If you had the opportunity to start a small business
Just did.

Software development startup.

Got any projects I can work? :)



rented mule
LSU Fan
Member since Sep 2005
776 posts

re: If you had the opportunity to start a small business
I'm mostly curious what the prevalent attitude is to taking that risk in the current environment.


Meauxjeaux
Memphis Fan
90248 posts including my alters
Member since Jun 2005
18917 posts

re: If you had the opportunity to start a small business
A few things:

1- The world still turns

2- My joy is not determined by who's in power - I pray for wisdom for all authorities

3- My wife is Hispanic and we're gonna suck the shite out of whatever dollas Benbama can set aside for us...


(j/k on 3)


JOHNN
LSU Fan
Baton Rouge
Member since Nov 2008
2526 posts

re: If you had the opportunity to start a small business
quote:


3- My wife is Hispanic and we're gonna suck the shite out of whatever dollas Benbama can set aside for us...

(j/k on 3)



Why not use it though? I'll be able to get my company started in the next year or two and I guarantee itll be under my wifes name because of all the tax breaks we would get. In your case if your company would be owned by a woman AND minority, thats big money there.


VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
13478 posts

re: If you had the opportunity to start a small business
I started my current business in 2010. I had a business prior to that but it was a victim of the changing economy.

Our current business is doing very well. Highly recommended.


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hugo
LSU Fan
CenLa
Member since Sep 2007
721 posts

re: If you had the opportunity to start a small business
What kind of breaks would be available if the women owned the business? I am fixing to start doing some work for a buddy of mine doing computer maintenance from home? Would I benefit from starting a business in her name while I do the work?


C
LSU Fan
The Woodlands, TX
Member since Dec 2007
23014 posts

re: If you had the opportunity to start a small business
quote:

Would I benefit from starting a business in her name while I do the work?


Some cities require a certain % of work to go to small minority or women held businesses. It's not a major plus, but it doesn't hurt. There is absolutly no benefit if you are a white male on the application.


Meauxjeaux
Memphis Fan
90248 posts including my alters
Member since Jun 2005
18917 posts

re: If you had the opportunity to start a small business
To be certain, we've started two new businesses. One will be for for a very specific application that we are building and the other for any other software development we can land.

She will own the general software dev one.. although the opportunities for set aside work in that industry are very limited.


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JOHNN
LSU Fan
Baton Rouge
Member since Nov 2008
2526 posts

re: If you had the opportunity to start a small business
There are tax breaks, and also certain business loan programs that are set aside for women owned businesses.


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