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21-07-2021, 04:52 PM
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ever thought about or run your own business?

After leaving BT to run with Sue our own business what a different world. No more regular pay check- no more paid holidays- getting clients/customers- advertising the list is endless with going it alone.

So why do it? Simple every £ earned went into our pocket apart from expenses,ie tax insurance etc. not into someone elses who often doesn't deserve it .

Was it worth it? yes 100 percent is the short answer.

So would you "go it alone"?
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21-07-2021, 05:08 PM
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Re: ever thought about or run your own business?

Err, yes. Several. Started while still employed.
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21-07-2021, 05:15 PM
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Re: ever thought about or run your own business?

Itís great that it worked out for you and Sue realspeed

But for meÖErÖ no. Itís difficult and scary to branch out on your own with a single income.
The risk is mine alone and I have one more kid to get through Uni then itís just me, myself and I.

Perhaps then I can consider scaling down and doing my own thing whilst travelling.

I have a loooong way to retirement and I still need to continue to save up. Being employed affords me great benefits
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21-07-2021, 05:26 PM
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Re: ever thought about or run your own business?

I worked in sales for a Corporate Hospitality company for a while in the 80s, saw an opening for a corporate party consultancy. Did it from home for 11 years, made nothing for the first couple of year, but then it took off. Google killed it: come 2000 all the options were on the internet.
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21-07-2021, 05:27 PM
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Re: ever thought about or run your own business?

I would rather be employed and having a sure paycheck coming in. But if I was stuck, then certainly I would try to give running my own business a shot. It takes years to make a profit though because you need to plough everything back into the business. Including time.
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21-07-2021, 05:54 PM
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Re: ever thought about or run your own business?

Originally Posted by Pixie Knuckles ->
I would rather be employed and having a sure paycheck coming in. But if I was stuck, then certainly I would try to give running my own business a shot. It takes years to make a profit though because you need to plough everything back into the business. Including time.
There are ways whereby you DON'T need to plough everything back as you build a business. Not even time.
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21-07-2021, 06:05 PM
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Re: ever thought about or run your own business?

Originally Posted by The Artful Todger ->
There are ways whereby you DON'T need to plough everything back as you build a business. Not even time.
I don't really know enough about it, to be honest Todger....It would be nice to see some return sooner rather than later though. But doesn't it depend on the business you go for? Like...online ventures seem to be successful a lot sooner than regular bricks and mortar business
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21-07-2021, 06:08 PM
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Re: ever thought about or run your own business?

Originally Posted by Pixie Knuckles ->
I would rather be employed and having a sure paycheck coming in. But if I was stuck, then certainly I would try to give running my own business a shot. It takes years to make a profit though because you need to plough everything back into the business. Including time.

So true it took us about 7 years to get established. The kennels and cattery were really run down and very few clients to start with. Nearly packed it all in several times but had no option but to make a go of it
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21-07-2021, 06:12 PM
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Re: ever thought about or run your own business?

Well you made a real success of it Realspeed, and that is testament to your dedication. I think running a business does need a certain amount of determination, patience, and late nights!
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21-07-2021, 06:17 PM
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Re: ever thought about or run your own business?

Running my own business would not be for me.

I grew up with my parents running their own business for many years.
The worry gave my poor old Dad two heart attacks. The second one killed him.
 
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