 SOT: starting a business |
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| i love porsche |
 Apr 17 2005, 07:53 PM
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Senior Member  Group: Members Posts: 1,547 Joined: 6-May 04 From: Nutley, NJ Member No.: 2,030 Region Association: North East States  |
so...as you guys may know, there is this awesome empty warehouse where my dad works that is for rent, and i really want to make a shop in there for myself and the 914 and future cars.
only one problem. i need to be a registered business with insurance to rent the place. so i was thinking, the place is very large, and i could rent out half of it as long term car storage, and the other half could be my personal use, and hopefully, the revenue could pay the rent and insurance. only one problem, i know NOTHING about starting a business, i wouldnt know where to begin...how do i find out about insurance, where do i get a permit, where/how should i advertise. any help that you guys could provide through reccomendations or personal experience would be appreciated so much..thanks in advance =] -Aaron |
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| CptTripps |
Apr 17 2005, 08:51 PM
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:: Punch and Pie :: Group: Members Posts: 3,585 Joined: 26-December 04 From: Tuscaloosa, AL and Akron, OH Member No.: 3,342 Region Association: Upper MidWest |
Here's the way I do things...
Don't let anyone tell you that you NEED a certain type of business plan. Sit down, and put your thoughts together on ONE PAGE of paper...handwritten. Keep widdeling it down and get it till it's one to two sentances. Don't borrow money from Family...this is the first mistake I see ALL the time. Then the family is more involved than you need them to be. Family is Family, Business is Business... Get to KNOW your banker. Ask them questions...they see a LOT, good and bad. Offer to take them to lunch...it'll be the best $50 you can spend. Some of the best business-people that I know had NO idea what they were doing when they started. Some of the better ones I know/respect the most don't have College educations either. (Myself included.) Don't let ANYONE tell you that you can't do something because you don't have experience... Heart, hard work, and a little luck...you'll be fine. |
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Posts in this topic
i love porsche SOT: starting a business Apr 17 2005, 07:53 PM
mk114 the kind of insurance you needis Limmited Liabillt... Apr 17 2005, 08:27 PM Headrage Find you local SBA (Small Business Administration)... Apr 17 2005, 08:53 PM Verruckt There is a guy here locally that has a huge wareho... Apr 17 2005, 09:24 PM
rick 918-S First, Are you starting a business of just trying ... Apr 18 2005, 07:29 AM |
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