Comments on: I Think Everyone Should Be In Business For Themselves http://mysuperchargedlife.com/blog/i-think-everyone-should-be-in-business-for-themselves/ Good Habits for a Great Life! Thu, 09 Feb 2012 23:41:46 +0000 hourly 1 http://wordpress.org/?v= By: Chris http://mysuperchargedlife.com/blog/i-think-everyone-should-be-in-business-for-themselves/comment-page-1/#comment-5325 Chris Wed, 10 Jun 2009 04:16:30 +0000 http://mysuperchargedlife.com/blog/i-think-everyone-should-be-in-business-for-themselves/#comment-5325 While small home businesses may not require it, the minute you have a location insurance will be a must. If you are running a service business, an LLC or S/C Corp might not protect you for services you provide so make sure you don't need professional liability insurance either to protect you or because it is required by statute. This could include anything from workers compensation (required by state law) or professional liability insurance (real estate, architecture, etc). Find a small business broker, not your home or car insurance broker and find out how many clients he has in your business field. They can help you get the best program and if you do work for larger companies they will require you to evidence anyway. <abbr><em><abbr><em>Read Chris´s latest article - <a href="http://followmybusiness.blogspot.com/2009/06/advise-of-billionaire.html" rel="nofollow">Advise of a billionaire</a></em></abbr></abbr></em> While small home businesses may not require it, the minute you have a location insurance will be a must. If you are running a service business, an LLC or S/C Corp might not protect you for services you provide so make sure you don’t need professional liability insurance either to protect you or because it is required by statute. This could include anything from workers compensation (required by state law) or professional liability insurance (real estate, architecture, etc).

Find a small business broker, not your home or car insurance broker and find out how many clients he has in your business field. They can help you get the best program and if you do work for larger companies they will require you to evidence anyway.

Read Chris´s latest article – Advise of a billionaire

]]> By: Rob Wilson http://mysuperchargedlife.com/blog/i-think-everyone-should-be-in-business-for-themselves/comment-page-1/#comment-2085 Rob Wilson Sun, 14 Sep 2008 00:35:28 +0000 http://mysuperchargedlife.com/blog/i-think-everyone-should-be-in-business-for-themselves/#comment-2085 Another quick one to add is make sure you have a company creditcard and don't use your personal account. If you keep moving money from personal to company fund it becomes difficult to know if you are really making money. Another quick one to add is make sure you have a company creditcard and don’t use your personal account. If you keep moving money from personal to company fund it becomes difficult to know if you are really making money.

]]> By: FinancialGuruOnline.com » My favorite stumbles of the past week - Happy St. Patrick’s Day! http://mysuperchargedlife.com/blog/i-think-everyone-should-be-in-business-for-themselves/comment-page-1/#comment-1605 FinancialGuruOnline.com » My favorite stumbles of the past week - Happy St. Patrick’s Day! Tue, 15 Jul 2008 05:16:23 +0000 http://mysuperchargedlife.com/blog/i-think-everyone-should-be-in-business-for-themselves/#comment-1605 [...] I Think Everyone Should Be In Business For Themselves - Jeff offers up some great advice on how to start your own business and where you should focus your attention. I completely agree with him, that everyone should be in business for themselves at one point during their lives… [...] [...] I Think Everyone Should Be In Business For Themselves – Jeff offers up some great advice on how to start your own business and where you should focus your attention. I completely agree with him, that everyone should be in business for themselves at one point during their lives… [...]

]]> By: Financial planning tips and Roth IRA conversion planning for those in their 30s and 40s » My favorite stumbles of the past week - Happy St. Patrick’s Day! http://mysuperchargedlife.com/blog/i-think-everyone-should-be-in-business-for-themselves/comment-page-1/#comment-256 Financial planning tips and Roth IRA conversion planning for those in their 30s and 40s » My favorite stumbles of the past week - Happy St. Patrick’s Day! Tue, 18 Mar 2008 11:35:16 +0000 http://mysuperchargedlife.com/blog/i-think-everyone-should-be-in-business-for-themselves/#comment-256 [...] I Think Everyone Should Be In Business For Themselves - Jeff offers up some great advice on how to start your own business and where you should focus your attention. I completely agree with him, that everyone should be in business for themselves at one point during their lives… [...] [...] I Think Everyone Should Be In Business For Themselves – Jeff offers up some great advice on how to start your own business and where you should focus your attention. I completely agree with him, that everyone should be in business for themselves at one point during their lives… [...]

]]> By: Jeff http://mysuperchargedlife.com/blog/i-think-everyone-should-be-in-business-for-themselves/comment-page-1/#comment-206 Jeff Wed, 12 Mar 2008 19:56:16 +0000 http://mysuperchargedlife.com/blog/i-think-everyone-should-be-in-business-for-themselves/#comment-206 Ron - I had a company that provided technology services to small businesses. We installed networks, provided support, and did programming. It was a lot of fun. You have quite a bit of entrepreneurial experience! Ownership in a lumberyard that is netting over $800k is pretty big stuff. It sounds like you have some great plans. When do you plan to sleep? :) Ron – I had a company that provided technology services to small businesses. We installed networks, provided support, and did programming. It was a lot of fun.

You have quite a bit of entrepreneurial experience! Ownership in a lumberyard that is netting over $800k is pretty big stuff.

It sounds like you have some great plans. When do you plan to sleep? :)

]]> By: Ron@TheWisdomJournal http://mysuperchargedlife.com/blog/i-think-everyone-should-be-in-business-for-themselves/comment-page-1/#comment-203 Ron@TheWisdomJournal Wed, 12 Mar 2008 15:10:14 +0000 http://mysuperchargedlife.com/blog/i-think-everyone-should-be-in-business-for-themselves/#comment-203 Great advice Jeff. What type of business did you own? I've owned a shaved ice place for two years and did really well with it. I sold it for too little money after my daughter was born because I thought I needed a "real" job with regular hours and medical insurance. Dumb move (I'll blog about it later) I've also been a co-owner of a very successful lumberyard. We built it to almost $9 million the last year I was there and were netting $870,000. My problem was that I was minority owner and you might as well own none of it if your ideas are ignored. I sold out after 4 years and went to work in the corporate world. Ugh! It hasn't been what I was looking for. I'm hoping to use my blog to help kick start a consulting business sometime in the next 18 to 24 months. I also have some ideas on some educational products for primary, secondary schools that I want to take to market. I may even included some colleges in there as well! And in addition to all that, I'm looking at starting a seminar and life/business coaching business. I'll boot strap everything to keep my up front costs low. Great advice Jeff. What type of business did you own?

I’ve owned a shaved ice place for two years and did really well with it. I sold it for too little money after my daughter was born because I thought I needed a “real” job with regular hours and medical insurance. Dumb move (I’ll blog about it later)

I’ve also been a co-owner of a very successful lumberyard. We built it to almost $9 million the last year I was there and were netting $870,000. My problem was that I was minority owner and you might as well own none of it if your ideas are ignored. I sold out after 4 years and went to work in the corporate world. Ugh! It hasn’t been what I was looking for.

I’m hoping to use my blog to help kick start a consulting business sometime in the next 18 to 24 months. I also have some ideas on some educational products for primary, secondary schools that I want to take to market. I may even included some colleges in there as well! And in addition to all that, I’m looking at starting a seminar and life/business coaching business. I’ll boot strap everything to keep my up front costs low.

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