Originally Posted by MARTINSR
All I am saying guys is to respect the business side of it. Yes I ran my shop making money for all it's 13 years, I bought a house with a large down payment all with what I made from that shop, but it didn't have to be so hard, it didn't have to end, I could have made much more, I could have done much more with it, if I had understood business more.
I see a lot of guys struggle like made because they don't look at the business side of it, and I know of a number of them that do wonderful and retire without a problem because they did take the business side of it serious. That is all I am saying, take it serious, it is the life blood of the business more so than what the average guy (me) thinks when he opens.
And when you are put in charge of things like your own taxes (not being taken out of your check book every check) you can get into real trouble, which was my mistake. I am not saying everyone will do this, I am not saying this to anyone personally saying they are dumb or something, this is a general statement and should be taken as such.
I can't imagine how it can be a bad thing for someone to suggest to study business when opening a business.
I think that's a great idea. If I ever decide to venture out I will probably do that. There's too much I don't know about in those regards to knock it, but everything has it's time and place, and to me, I think up front should be the hustle, the making your mark, and barely breaking even. As the demand comes so should the eagerness in business type stuff, but no doubt right off the bat you should have some ideas from a business stand point. I just feel at the beginning it will always be about winging it and busting your arse to put out good work, then later if it's meant than it gets more complicated. Bottom line, you know more about it than I do, but I do have plenty of experience in other trades in which I saw a lot of companies come and go.
Heck, the place I'm at now was sold to a business oriented guy and it makes more money now.