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    Saturday, October 5, 2019

    Today I wrote a spreadsheet estimating my income over the last 13 years. Roughly $450,000 before taxes, working multiple jobs. I want to understand how to achieve that same income in 1 year or less. Please advise. small business

    Today I wrote a spreadsheet estimating my income over the last 13 years. Roughly $450,000 before taxes, working multiple jobs. I want to understand how to achieve that same income in 1 year or less. Please advise. small business


    Today I wrote a spreadsheet estimating my income over the last 13 years. Roughly $450,000 before taxes, working multiple jobs. I want to understand how to achieve that same income in 1 year or less. Please advise.

    Posted: 04 Oct 2019 09:58 AM PDT

    I've been freelancing for the last 13 years as a design engineer.

    I've worked on alot of different stuff, but essentially I helped companies develop products.

    My income per year seemed pretty low, most of my work came through Craigslist with a handful of exceptions.

    I was miserable most of the time because of how I was treated and the work wasn't always fulfilling.

    I do love this type of work when it's challenging and purposeful and the people I work with are encouraging and respectful.

    But in those 13 years, my health went from bad to worse, I went from seeing friends and relatives several times a month to only a few times a year if at all, only took 2 vacations in 2016, spent most of the time struggling with money, never felt valued, and honestly never really found a way to improve.

    In the last 3-4 years I started an actual business, but today I decided to look at my professional career as if it were a business and my past employers as clients. It took 13 years to generate an estimated $464,616 before taxes. However my actual business has not generated any income. At first it was a sole proprietorship and I was just learning and planning and saving money. Then 2 years ago I incorporated an LLC and have been working towards government funding but have had no success yet.

    How do I improve my financial situation, what can I expect to learn from observing my income over the past 13 years. It seems the more I hold on to this failing company the more isolated and miserable I become, the shittier my life gets, and the harder it is to survive.

    On a more positive note, I've learned alot in the last 2 years about my business. I'm 100% focused on sbir funding (small business innovation research). This is government funding which is awarded as a grant only to small us companies working on innovative technology. It's super competitive and takes several months just to find out if I'll get anything or not.

    But my opportunities are awesome!

    In 6 months I can match my income from the last 2 years, and in 1 year I could more than double it. That's the potential opportunity for income. If successful I could spend the rest of my days doing awesome fulfilling meaningful work alongside incredible people. All while earning a decent living and having the opportunity to spend more time with friends and relatives as well as take better care of my health.

    I k ow I've made alot of mistakes along the way, and I know this sbir thing is a Longshot. But the potential payoff is so great I feel awful thinking about giving it up before I find out what I might have done if I stayed with it.

    Right now my bills are all late or behind, credit cards are sinking to shit levels, my expenses are way out my ability to handle. By Saturday the landlady is expecting the rent which is already late, and of course I don't have it.

    Right now there is this full time job I was offered through an old co-worker who ended up working at this awesome big company. They already interviewed me and definitely like me alot. It's not from Craigslist so quality there should be really good. However they have me waiting for the past couple weeks to receive an email with a job application link that they were supposed to upload. Like they interviewed me and already liked me, but I still have to comply with their formalities and apply through their website then go to another interview and wait to see what happens.

    A full time job, even a part time job is a huge distraction from my company. Commuting time, overtime, stress, all of that stuff takes my mind away from what really matters to me professionally. However I just simply don't have any other way of making this happen. I think I definitely need to take this job, I've applied for others with nothing so far whereas this one simply landed on my lap, although it's not mine yet.

    I don't know what the landlady is gonna say, its not the first time I've had this issue with her but she's super reasonable. I think I'll tell her the truth, but honestly I don't know when I'll have the money to pay her.

    I already submitted a proposal for review earlier this year. It wasn't selected for funding, but they sent me a report with their decision. I've literally learned a ton from this experience and am preparing to submit at least 1 proposal for next year although ideally id like to send 3-5. Each proposal could be awarded up to $100k. My submission deadline is March 2020, and by August I could be earning $500k from all those proposals.

    It's super hard and I don't know what else to do now. It's been like this for months, I've been basically running on empty for a long time, barely getting by.

    I don't want to quit it, and I honestly don't know what I'd do if I quit, plus all my debts and responsibilities wouldn't just go away. But every year it's the same thing: just hold on a bit longer until whatever deadline then nothing.

    Maybe there's some way I could increase my freelance earning potential but so far all I've done is increase my rates. Never found freelance work outside Craigslist and all the work I found was for people who really didn't want to pay what they paid.

    I think mainly this is a rant, nothing crazy but i don't know what else to do.

    Thanks for reading and commenting.

    submitted by /u/I_attractTrash
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    Being passionate and knowledgeable?

    Posted: 04 Oct 2019 08:07 PM PDT

    Is one of the keys is having knowledge better than the competitors and public? Using the knowledge to come up with something that a mass group of people enjoy and want more of? is that one of the keys to success?

    submitted by /u/Seeking___freedom
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    CPA Choice

    Posted: 05 Oct 2019 03:48 AM PDT

    What are the most important factors to consider when choosing an accountant/Financial Adviser. How crucial is this decision for a company with Revenue over 1 million annually, difference in my net income from a really good account versus mediocre?

    submitted by /u/Jaseiker
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    Starting my first business - Advice

    Posted: 05 Oct 2019 02:41 AM PDT

    For someone starting their first business with very little business experience, what advice would you give to learn all of the requirements to the start up process? Should I hire an advisor? Is there a book I should read to get aquatinted with the standards practices of running a business? Or is all the information I need on starting a business on SBA.Gov?

    submitted by /u/Jaseiker
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    S-Corp or LLR?

    Posted: 05 Oct 2019 02:29 AM PDT

    Hi I'm starting a small business and am researching different filing options. Is there any downside to starting an S-Corp for a really small business that won't have investors ect? From what I understand I can pay myself as an employee and not have to pay self-employment taxes on profits.

    submitted by /u/Jaseiker
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    I'm buying wholesale from someone and she's wanting my W-9. Any reason why?

    Posted: 04 Oct 2019 06:50 AM PDT

    So, I'm buying some recycled stuff wholesale from a company and the lady is asking for my W-9. I've purchased from similar companies but none have ever asked for one? Any idea why she'd ask for it? I'm a bit apprehensive because I don't have an EIN so I'd be putting my SSN on there (which makes me nervous). What do y'all think?

    I wanted to ask her why but figured that might seem sketchy on my part if I show any apprehension of sending one over so decided not to.

    submitted by /u/alwaysconfused95
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    Overcoming Technical Roadblocks to Build a $1m/year Business

    Posted: 04 Oct 2019 10:43 PM PDT

    Please introduce yourself (name, age, country, job before starting a company) and what you are working on

    My name is Robin, and I am 39. I am from India and lived in the United States from when I was 23 to until a few years ago. Currently, I am the product lead for E-junkie, which is a copy-paste solution to sell downloads and more anywhere.

    What's your backstory and why did you decide to start a business?

    When I was 17, I just wanted to read, hang out with dogs and go on walks. In 1997 I got access to the internet in India and the reality of how things work sank in when I started paying phone bills for my internet use. My first gig to pay phone bills was to collect download software demos, write them on waste partially burnt music CDs, and selling them in my college.

    I saw tasks that I needed to do to make money as a means to an end something I had to do to buy time. The time that I can choose to spend on anything that I wanted to do. It was that freedom that gravitated me to working as a freelancer, instead of doing a regular job.

    A misspelled email put me in touch with Danny, an ex punk-rocker and filmmaker in Tucson, and I ended up moving to the US in 2003. One of my side ventures was to sell a 4 dollar software utility online, which I then had to manually email to buyers. Tired of that, and unable to find a solution I then wrote a script to automate that task. Which led me to start another side venture of installing that script for musicians and ebook authors who wanted to sell their content on their website. Tired of that again, I decided to make a platform which will let them do that themselves, and that's what became E-junkie in 2004.

    I think that's what I loved about the US the most; you get solutions for almost any problem you have, and when you can't find a solution, you've most likely come upon a product idea for which there's a market.

    Describe the process of starting and launching the business.

    I rented a few blades in a server farm called Opus1 across town and started coding. I didn't need much money to start E-junkie and the code I wrote wasn't complex. Having breadth helped me keep my momentum since I didn't have to wait on someone to set up servers, fix the DNS, or create graphics.

    I started my day job early in the day and then worked on E-junkie in the night. When it grew so large that I needed more hours, I hired the webshop I worked for using its Adsense income.

    My approach has always been hackish – in any domain – from tech to now sustainable farming. I paid little attention to 'good practises'. I'm an innovator – a problem solver – not a business person, and sales and marketing were foreign to me. So things were slow, but rapidly growing. It became clear then that my salvation would come from E-junkie itself, so I abandoned my content publishing website.

    Around 2006, Google approached me asking if I was interested in being part of Google Checkout beta and implementing it in E-junkie. This was a game-changer. At that point, E-junkie was providing only PayPal Buy Now buttons for makers selling anything digital – files or codes. Most of the folks using E-junkie were artists, software developers, and authors.

    To offer two different payment processors, E-junkie needed a shopping cart. At that point third-party carts were ugly, and as far as I remember they did not do digital delivery complete with files, and access codes, etc. So I started working on a cart that would work inside the merchant's website in a lightbox. There was nothing like that at the time, and for good reason! There was no good tech to implement something like that. So I wrote my own, which I called JSOD (Javascript on demand). With some hacks, the JS code was generated on E-junkie servers and then embedded itself in the DOM of the page where our cart was being generated. I called it the "Fat-Free Cart". This got widely popular, and we got on TechCrunch, and PayPal loved it so much that I was even on the banners of the PayPal Innovate Conference.

    Our clients were still DIY artsy people who didn't have the need for too many custom solutions. They liked us for the ease of use. We had dissolved the technological barrier to entry for enabling eCommerce on your website. Big companies like MTV or Google Kitchen even started using E-junkie.

    I became a victim of my own success. From being a one man army, I now needed people for customer support, writing docs, and more developers – I needed to build a functioning business. Funny thing, although the whole idea of E-junkie had originated from not wanting to wake up in the middle of the night to manually deliver, I was now waking up in the middle of the night to reconcile any customer support email. My partner – Shivani – was helping me, but living and working together gives rise to a lot of personal tension too.

    Hiring and team-building were again so alien to me (remember that I started coding to be away from people). For most of what I needed in life – buying things, selling things, help with moving – I went to Craigslist. I love the website, and I liked Craig. He actually responded when I sent him an email ?? So naturally, I posted a wanted ad on Craigslist, and I met Tyson – our first customer support person other than Shivani and me – and then later Thad, the second developer.

    At this point, we had outgrown the server farm and we invested in buying a few boxes of our own – running CentOS, firewalls, switches, KVM, power strip with remote access the works and moved to Login, a highly secure co-lo facility. Not very long after moving we got DDoSed. Again, there were sleepless nights of manually finding and adding the offending IPs to the firewall. Luckily for us, there was a startup called RioRey which shipped us two of their boxes overnight. I was able to work with them to modify the firmware and add a feature that helped us tweak its filtering for the attack specific to us.

    As you can see, a lot of the initial years were overcoming very tangible technical hurdles. Things which seem so simple and stupid now that we have AWS.

    E-junkie did not start with a grand vision or a master plan. I and Thad just kept adding what our clients wanted. Most features we added helped us bring more clients.

    Since launch, what has worked to attract and retain customers?

    Since the beginning we have focused on two things – one, getting artists up and running under 5 minutes, and two, making the solution available at just 5 dollars a month. So the ease of use for selling digital goods, and competitive pricing attracted clients.

    The credit of retaining them goes to Tyson and Josh, who go above and beyond the customer support….

    For the detailed interview, images, and videos check out https://careermove.io/stories/e-junkie

    submitted by /u/zackdaly1
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    How can I pay an artist for a one-time job from my single member LLC?

    Posted: 04 Oct 2019 09:22 PM PDT

    If the artist is doing contract work, wouldn't they need a 1099MISC from my end? Do I need to do any special record keeping?

    Thanks

    submitted by /u/GlassActress
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    Consignment Legal Issues

    Posted: 04 Oct 2019 09:09 PM PDT

    A couple of years ago I shipped some items to a shop in a neighboring state run by some guys I met at a convention to be sold on consignment. There was a contract drawn up but I never received my copy of it. I never heard anything back from them about how the items were doing, nor any of the monthly checks that I was supposed to get.

    In July I contacted them to end the contract and send me my inventory and money. I got the items shipped back to me in August but I have yet to receive the ~$100 that they admitted to owing me. I've sent them e-mails and Facebook messages and they haven't responded. It's been nearly two months since they promised me they'd send the check and I'd like my money.

    If they were in state, I'd look into pursuing small claims court but they are not. So what are my options here other than giving them bad reviews and posting what they've done on their social media pages?

    submitted by /u/Sarkarielscall
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    Question about legal ownership of an LLC

    Posted: 04 Oct 2019 07:41 PM PDT

    Hi all. I am a college student and some time ago I was approached with an idea to develop an app. The idea sounded interesting and we are now nearing launch.

    The LLC was formed in Florida and we have signed an operating agreement. My concern is that the only place my name exists is on the operating agreement. I have also given up my intellectual property by signing the agreement.

    I do not have much of a business background and googling this question did not provide any definitive answer.

    So essentially, where must my name reside to legally be a part of the company. I wish to avoid bring pushed out after a successful launch.

    Thank you for any advice and resources.

    submitted by /u/mr_super_doodle
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    Finding a good book keeper.

    Posted: 04 Oct 2019 07:29 PM PDT

    Wondering if you all have any good advice for finding a CPA/book keeping service to do quarterly tax estimates, monthly state sales and use, and monthly reconciling. My small service business is getting to the point where I'm feeling less and less comfortable doing it myself, and I'm no where near the point of being able to hire a full time CPA. I've interviewed a few highly rated CPA's around my area (Raleigh NC), but they all seem to be stuck in the stone age. They all want to work with physical paper bank statements, and aren't willing to work with quickbooks.

    Any information or advice would be greatly appreciated.

    submitted by /u/youaboveall
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    Quicker payment processors? Other than merchant services.

    Posted: 04 Oct 2019 12:08 PM PDT

    So I take rather large deposits, somewhere between $1500 and $10,000. I'm finding that QuickBooks sometimes takes a day or 2, but sometimes takes up to a week to process money. This really puts me in a bind if a customer puts a order in on the weekend or before. We end up waiting a whole week or so to get money deposited. Wondering if there's another processor that does it quicker.

    It'd be a bonus if I could process written checks too.

    I don't care about the book keeping aspects, and I've been up the merchant processing road and on slow months, we pay more than we should for it.

    Thanks in advance.

    submitted by /u/friggityfrig
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    Lenticular or “holographic” business cards?

    Posted: 04 Oct 2019 08:45 AM PDT

    I've been wanting to acquire some lenticular business cards for a while now but every time i look for a place to do it the websites seem less than trusting. Has anyone had any experience with this and know of a place where I could get it done? If you have actually ever gotten one made before that's be an AMAZING help! Thank you!

    submitted by /u/vanniall
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    Consulting for first time - how much to charge.

    Posted: 04 Oct 2019 04:17 PM PDT

    Hi everyone,

    Preface this by saying I need to work out how much to charge someone for helping market their social media page and eventually monetise it. I want to work out how to structure the pay etc.

    I currently work as a business analyst but studied marketing at Uni. A guy posted he wanted help with marketing his social media page which currently has 20,000 likes. He wants to create a structure, gain more followers and eventually try and monetise it. Currently, it makes no money so he said he wanted us to both be happy but doesn't want to fork out a lot which I understand. Im 26M and currently make 75K (equates to roughly 34/35 an hour) so I have a decent job and more want the experience but also don't want to be working for free.

    The page is very poorly run but a great idea (food blog) - I can really turn it around and hopefully will eventually the page will start making some money. In terms of payment, we arranged 80 dollars for the first two weeks and then we will reassess.

    I was thinking of pitching these options -

    1) base of $80 a week for 4 hours work (20 dollars an hour) and 20 percent off all money we make. 2) base of $60 a week for 4 hours work (15 an hour) but 30 percent off all money we make. 3) Base of $40 a week for 4 hours work (10 an hour) and 40 percent of all money we make. 4) nothing base but we go 50/50 partners on the page - I'm happy to pay him a little money and we go from there.

    I want to stress that he has created a good page but the value I'll bring will be enormous - I would bet my house if he kept the page, it will never make a cent.

    I also want to stress two things 1) He paid the last guy to do some posts 15 dollars a week. 2) it's my first time doing this sort of marketing hence I don't want to promise the moon and land on the sun.

    Thanks!

    submitted by /u/NotoriousBenji1
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    Giving Out UPS, FedEx, DHL, etc. Shipping Account Number Dangerous?

    Posted: 04 Oct 2019 11:40 AM PDT

    So it seems like a very normal thing to give out your shipping account number so suppliers can charge you.

    I have a problem though. I specifically told them NOT to ship out anything until I see how much it costs.

    They then give me No quote and sent an email with a FedEx label ALREADY printed. I have no idea how much this is going to cost.

    I call FedEx panicking. They chose International Priority. After some troublesome talking with customer service, SURPRISE! it is going to cost about $155. I am only ordering tiny samples that cost like $5 max.

    How do I stop this from happening prior? FedEx customer service was snotty as hell. FedEx lady, "Well, you shouldn't have gave them your account number" Ok...If I don't give them my account number they won't ship it.

    Is there no way to authorize charges on your account before allowing supplier to ship?

    SURPRISE, Supplier just charged your FedEx account $1000 in shipments. There is no way to find out prior or STOP them?

    submitted by /u/itsreallymedoh
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    How do you keep biz files secure working with a VA?

    Posted: 04 Oct 2019 03:04 PM PDT

    I am getting ready to hire my first VA. I have a huge collection of design files that they will be working with to complete their duties. How can I secure those so that the VA I hire and dont know just doesnt walk off with them?

    submitted by /u/Divine__Hammer
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    Embroidery Patches

    Posted: 04 Oct 2019 07:49 PM PDT

    Hi all, We make Embroidery patches. If some one needs embroidery patches to be in bulk please let us know. We can make 1 to 100,000 pieces or more and will ship it to your mailing address

    Please feel free to contact me at [frank](mailto:frank@usadigitizers.com).usad@gmail.com

    or pm me

    submitted by /u/K4T4Ri
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    Need a partner Cryptomo.co.uk

    Posted: 04 Oct 2019 04:41 PM PDT

    I own a website called Cryptomo.co.uk it's a Crypto Exchange where users can purchase Cryptocurrencies in the UK easily.

    I am looking for a partner to help.

    Get in touch via email hello@cryptomo.co.uk with subject "partner"

    submitted by /u/Mdab3898DotCoDotUk
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    What's the best online platform for small-businesses to use?

    Posted: 04 Oct 2019 08:50 AM PDT

    What online marketplace platform is best for small-businesses to use in terms of business growth & management?

    1. PAYMENT ESCROW: You connected with a job. Client deposits your quoted funds and Procally holds them in escrow. Upon completion funds are released directly to you. You are charged % fee of the transaction
    2. LEAD GENERATION: You connected with a job. You are charged a nominal fee per each new job connection made, even if the job does not go through.
    3. SUBSCRIPTION: You are free to make new job connections at your will - you are charged a monthly subscription fee for using our platform.

    Thanks a lot for your feedback!

    submitted by /u/Procally
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    I really want to start my own business (retail) but don’t have the start up funds. Any advice?

    Posted: 04 Oct 2019 12:15 PM PDT

    So I already sell online, but I want to actually open a store. In order to do that, I would need a much bigger inventory and backup funds and everything like that, but I don't have the funds available.

    From my understanding, it is pretty hard to get start up funds since most lenders want to see an established business. What tips do you guys have that could help?

    I sell crystals right now and if I opened an actual store, I would want to include home decor items.

    submitted by /u/Melssenator
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    Independent contractors and resale certificates

    Posted: 04 Oct 2019 10:50 AM PDT

    So we have an independent contractor who is asking to use our resale certificate to purchase items used on the jobs they are doing for us.

    Have any of you dealt with this before? Are they able to use my certificate or should they be using their own?

    Another note is they don't want to have to set up a sales and use tax account since they aren't making the sales (sales come through us). And without setting that up, they can't apply for a resale cert.

    submitted by /u/KingCornIV
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    Software to manage payments to freelancers/gig work

    Posted: 04 Oct 2019 10:43 AM PDT

    How do you manage payments for event-based freelance workers?

    I'm looking for software that can manage both by individuals and by event.

    What are the different products that you have tried?

    submitted by /u/bprflp
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    Traveling for business

    Posted: 04 Oct 2019 10:41 AM PDT

    Hi all - quick question. I'm in my first year of business (haven't had taxes or anything yet) and I had a question about traveling.

    My profession is photography and I sell some prints on my site too. I was thinking of taking a trip to Iceland to refresh my prints for my site and was wondering how I would go about this.

    Since the trip will directly contribute to my business, can I run this trip through my business and expense it or, is it better to take the trip and pay my way personally?

    Some things I would have to pay for would be, travel, rental car, accommodation not limited to Airbnb (whatever's cheapest), fuel and food.

    I've heard others say that I can totally expense it and others say not to, so I wanted to come here and dive a little deeper. Anything I should/shouldn't do whilst traveling on business that someone in their first year wouldn't know?

    Thanks in advance! Everyone here is always so insightful so I hope I'm not asking too much.

    Location: New Hampshire, USA

    submitted by /u/smolcall
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    37, disabled & my husband is self employed- we are looking to start our business & have hit a wall in how to get started.

    Posted: 04 Oct 2019 10:31 AM PDT

    TL/DR at the bottom. Thank you in advance for your suggestions.

    I am a retired police officer (I became chronically ill after the birth of our son and had to retire from law enforcement 8 yrs ago). At the time, my only option was to allow my house to foreclose because it was in an area with MANY foreclosures (SW Florida) & we were unable to find a buyer for a very long time. I recieve disability and am unable to work physically because of my chronic condition.

    My husband was a web design/ programmer, making around 80k before the company he worked for folded, which pushed him to start out as a lighting & sound engineer. After a short stint doing events, he got heavily involved in the installation side of technology, and he's now making upwards of $200/hr between installing & programming systems & equipment.

    He was an independent contractor, but now he's gotten in on the ground floor with a friend's business- the entire business is in the friend's name, but my husband is an intregal part (the business couldn't run w/out his knowledge & abilities). They are doing very well and picked up multiple HUGE contracts for chains of businesses- currently they are working on 180 new vet clinics accross the US and that's only one of many.

    We live with extended family & have very few bills; no mortgage, no rent- just a single car payment, insurance, our phones. We help out with electric/gas, etc- but the bulk of the household bills are my parents (who we share the house with)- my husband maintains thier vehicles, we renovate and care for the house and they pay the bills.

    Our only major expense is that we are currently paying for three storage units a month- $1100 total- for a MASSIVE collection of Lego and Lego related products that I've been collecting for many years. This collection has been my way of working towards the business I want to start.

    The Business; My goal has always been to open a Lego related business consisting of multiple parts;

    -A new & used Lego shop selling everything from current items, to custom printed parts, build-your-own figures, bulk brick, specialized parts, etc etc etc.

    -A model building studio- where adult Lego model builders can come work in a place with a massive parts library- (both professional builders who do commission work- artists who work in Lego - as well as hobby builders who work on large complex builds but may not have a place at thier home to work on or store thier builds.)

    • A large museum-like display area w/ interactive exhibits, activities- with large walk-through displays, building challenges, the history of Lego (and displays of many classic themes and sets throughout the ages).

      • Classes & clubs for kids (after school, summer camps, scouts & home school groups)- Based on robotics, engineering, team building, creativity, etc. (As well as birthday parties)
      • We also want to have entertainment based area, themed to Lego- Car ramps where you can build & race your builds. Challenges where you can try to solve puzzles using Lego- an indoor "Lego" Minigolf course where you can experiment with changing the design of the course was/ obstacles similar to giant Legos...

    -A secure storage area where adult collectors can store thier Lego collections (built, unbuilt, boxed, etc)- because many people have HUGE collections but not enough room at home to store them (and storage facilities are NOT ideal temp and settings for these type of collections).

    & Finally (but also most importantly)- We are HEAVILY involved in two charities that we have been running(not official 501c3 corporations)- For 5 years, we've been running Project Christmas- adopting local families in need at Christmas & providing everything the families need (5 years old, last year we helped 64 families with 119 kids). We also run a charity that creates custom Lego kits for kids and adults suffering from health issues, chronic pain, etc- and delivers them to families in domestic violence shelters, children's hospitals, etc.

    We have the entire business EXTREMELY well planned out, we have a focus-group online that has both volunteered to help with the set up and opening, but has been heavily involved in the ideas & planning of the business. We own nearly everything necessary for the inside of the business... Including displays, shelving, signage, promotional & decorative Lego related displays, and all of the Lego necessary for the massive displays, the new & used Lego shop, the model building studio, etc etc etc.

    What we don't have- is a location for the business. Although my husband makes GREAT money- we don't have any real organization when it comes to our income, and neither of us have fantastic credit thanks to young mistakes. (Mine is all paid-off, with no outstanding debt- and he's been steadily clearing up about $13k in remaining student loans).

    I have no idea how one goes about starting a business that needs a $300,000 warehouse-like building, and affords to hire contractors to do a $40,000 build-out. (this is approximately the costs we've come up with, through our research).

    If I continue paying $1200 a month in storage unit fees- I'm throwing that money away. And yet- I need the contents of the storage units to open the business. I'd like to move everything into a rental property and start with SOME of the ideas, growing the business to another location or expanding in the same location if we're able. We contacted a local owner of a 12,000 sq foot building with fantastic road-frontage, a huge parking lot, just minutes from our house- asking if we could possibly rent PART of the building, and then expand as we grow... Because the entire warehouse has sat empty for more than 15 years...

    ...but the owners response was that they "would really rather focus on selling it". I can't imagine we could EVERY get a $3000 a month mortgage with our credit & my husband's being self employed. - even if we DID get the mortgage, at $3000/m, we wouldn't be able to afford to improve/build out the empty warehouse. We were really disappointed that they weren't interested - and that they'd rather have it sit empty (it's been through 3 realtors with zero inquiries besides us in more than 10 years).

    We live in an area with an ABUNDANCE of mixed use space, but this building was really IDEAL in location for our needs.

    Anyway- I have absolutely no idea how people get started when they have a passion project that they want to turn into a real business. We need to stop throwing away money in storage fees every month- and I genuinely want to move everything into one place, and turn my hobby into an actual business. We have a TON of support from the Lego community, we live in a major suburb of a huge City, and the support for our idea is VERY BIG.... I just don't know where to start.

    For years, I have been amassing all of the products & display items, retail fixtures, signage- literally everything necessary to open the business - we have it all. Just no place to actually open.

    Your suggestions, comments and feedback are very much appreciated. I am in no way,.a business major, and I can't thank you enough for your patience with my LONG post.

    TL/DR; Our family has a huge hobby/project that we believe could be a very successful business- we just have no idea how to transition or get started. We have a good amount of disposable income, but that income fluctuates vastly bc my husband is self employed, and our personal credit is not good (but it IS improving.) Without an investor to start us off with a large sum - I have no idea how to move forward with starting our business. Thank you <3

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