Business, home/small business owners chat

I echo that. Go for it.

My wife and I quit very good jobs to become, basically, "Carnies." We loved it and made about $1/4 M per year for 12 years.

I for one have been wanting to start a home business for some time now, slowly getting there with a young family of two and working full time. Also working through fears and the how's. That's my experience so far hehehe..looking forward to hearing from others!

That's amazing mate, didn't 'carnies' would earn that much.

What kind of business, bud?

I work full time and traffic in computer, computer peripherals, tablet, and phone maintenance and repairs on the side. My business: Easy PC - Repairs Made Simple. I'm hoping to drop the full time job around March next year and pursue my side business full time. I intend on expanding my repertoire a little more to include more involved network setup and maintenance, as well as more technical hardware repairs (such as soldering on printed circuit boards), too.

My experience in running my own business is fairly limited. All I can say for now is to hope to succeed yet prepare to fail; the latter isn't a pessimistic attitude, but advising to err on the side of caution. If my business fails, I have savings to fall back on and can pick up another job or go back to school. A safety net is probably all the better to have for someone with a family.

Hey mate, that sounds great. Where do you work at the moment?
Me I'm freelancing web development/design and also want to get into computer maintenance and repair. I'd also like to get into computer consultancy in the future, like advising businesses on what they need/require etc...thanks for posting. I pray you all the success on your business, if you have questions or concerns be sure to post them here mate!

Thanks! Currently I work for a computer reseller that customizes laptops. I'm their primary technical support person.

Web development is pretty lucrative, isn't it? I have a friend that designs web pages as his side gig, and even small jobs seem to pay fairly well (but not sure how much time is invested into development). Hoping for all the best with your goals, too!

Hmm, questions... How does itemizing and writing things off work? The whole tax(es) thing in business ownership seems a little daunting. I've heard you can write off your residence if you practice your business out of your home also, but am clueless as to what the process is for that.

Hi guys,
I'm just starting a thread for all business owners to share about experiences, fears, failures and successes, concerns and tips and tricks about owning a business. Mainly to encourage, edify, exhort and share one others burdens as best we can!

I for one have been wanting to start a home business for some time now, slowly getting there with a young family of two and working full time. Also working through fears and the how's. That's my experience so far hehehe..looking forward to hearing from others!

Hi cmarieh, thanks for your encouragement. I am wanting to keep finances seperate! I've been looking how to do it so the money that is earnt is not mine but the business'. I don't want to draw a wage from it for a while yet. I am seeing an accountant today about this and so far, I think the way to go is to register a company and have business units under it as I want to do more than one business eventually but I will have this clarified further today.
I'm reading a book called Rich Dad, Poor Dad at the moment, totally eye-opening.