WAYNE0
Well-Known Member
Who here has started a small business ?
OK what's the scoop? Why are you asking and what do you want to know?Who here has started a small business ?
Awesome thanks for the reply I have been doing classic auto restorations part time for about 20 plus years while working a full time job. The place i was working at closed down a few years back. I have been doing restorations full time. I would love to start a small restoration shop. You know go legit. I know all the rules and regulations. They keep coming I keep doing themHave here:
Auto Body/Painting Business 12 years
Auto Upholstery 2 years
17 years in the Home Remodeling/Painting business
Over the Road Trucking, My own Truck. 17 trips to Chicago from MN hauling cereal products.
Last Business I owned was my Computer Service Business 5 years.
Retired and played with the mopars for 8 years now.
These were all my own businesses, only have worked for others for 4 years of my adult life.
Being self employed you call your own shots and the tax advantages are great.
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Learing how to market and promote yourself is a big help to building your business up.
Local Businesses Groups are a great place to get started and network with others.
Sounds like you have already started.Awesome thanks for the reply I have been doing classic auto restorations part time for about 20 plus years while working a full time job. The place i was working at closed down a few years back. I have been doing restorations full time. I would love to start a small restoration shop. You know go legit. I know all the rules and regulations. They keep coming I keep doing them
I was doing classic auto restorations part time now im doing it full time. Under the radar if you know what i mean. Like to start a legit business. Just asking for some pointers. What to do What not toOK what's the scoop? Why are you asking and what do you want to know?
But hurts when you are social security age. My friend is going through that now.i would just stay under the radar a lot less bullshit to deal with , cash is king .
But hurts when you are social security age. My friend is going through that now.
I think a lot depends on how much risk you want to take and how much capital you have to start your businessI was doing classic auto restorations part time now im doing it full time. Under the radar if you know what i mean. Like to start a legit business. Just asking for some pointers. What to do What not to
Number one rule in starting a business, be prepared to fail in the beginning, then gradually succeed from there. lol
Your a very talented guyAs of right now i an swamped. I even have people coming from out of state to get work done. What i hear from them is no one in there area want to do the old cars. I even hear that in my area. The body shops in my area dont want to touch them unless its an insurance job. Thats good for me. Its not like im a rookie at this. Ive done many from just body & paint to full restores. I do every thing but engine & trany rebuilds & seat recovering. Just some of cars ive done and yes i do other brands. lol I just specialize in mopars
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Remember Fotomat?If you dont pay into social security, I think it is 40 good quarters, you will get very little when it is time to collect it. My friend worked off the books most his life, is 70 now did body work up to last year off the books and gets less than 500 a month from SS and has nothing else as income. He is lucky he has good friends.
Hope you paid in your social security tax all of this timeHave here:
Auto Body/Painting Business 12 years
Auto Upholstery 2 years
17 years in the Home Remodeling/Painting business
Over the Road Trucking, My own Truck. 17 trips to Chicago from MN hauling cereal products.
Last Business I owned was my Computer Service Business 5 years.
Retired and played with the mopars for 8 years now.
These were all my own businesses, only have worked for others for 4 years of my adult life.
Being self employed you call your own shots and the tax advantages are great.
☆☆☆☆☆
Learing how to market and promote yourself is a big help to building your business up.
Local Businesses Groups are a great place to get started and network with others.
Hope you paid in your social security tax all of this time
yesWere you live now, could you open a shop there? Is it zoned for that ?