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  1. #11

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    KCBJJ
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    Shawnee, KS
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    1,926
    I used to believe that it took 3 - 5 years of commitment before you could decide whether or not a business was profitable or not. Then I saw James Keenan Maynard's documentary about his wine vineyard where he said, “It took the world seven years to get Tool, seven years to get A Perfect Circle, and it’ll take it seven years to get this,”

    The conventional wisdom was 3-5 years. The only reason why Maynard succeeded at anything he did was because he had more tenacity than that of conventional wisdom. That idea alone reinvigorated me toward my own entrepreneurial endeavors. I am now at year 4.

  2. #12

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    School
    10thplanetjj.com
    Location
    Canton, OH
    Posts
    474
    Quote Originally Posted by John Alighieri View Post
    Well the easiest and the most complete business plan you'll ever come across to is simply a long term business visa application form from the immigration hahaha they are making you fill a fucking crazy application form which is basically a solid business plan. It goes over your goals. Strength and weaknesses, opportunities, partnerships with other local or overseas businesses... To a profit and loss forecast over 3 years and so on. And it's all explained really well. A friend helped me with mine ( and he's a real successful businessman running under a dozen of businesses) and he said that it was the most complex and in depth business plan he's ever worked on! Coming from him says a lot. Pm me and I'll send you a link so you can download the form. You'll save some cash
    Sounds Great . . . I Think . . .

  3. #13

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    10thplanetjj.com
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    Canton, OH
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    474
    Question: have any of you used legalzoom www.legalzoom.com ? If not who do you use, a lawyer right but what type of lawyer?

  4. #14

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    10thplanetjj.com
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    Canton, OH
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    474
    Quote Originally Posted by AJ Camacho View Post
    The conventional wisdom was 3-5 years. The only reason why Maynard succeeded at anything he did was because he had more tenacity than that of conventional wisdom. That idea alone reinvigorated me toward my own entrepreneurial endeavors. I am now at year 4.
    Awesome AJ, you'll make it happen.

  5. #15

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    10th Planet Vista
    Location
    San Diego
    Posts
    297
    I have had many different businesses with many different partners.

    Some quick advice;

    Make it a LLC, do not do it in your name.
    Make it something you can do yourself if your partners bale.
    Have a contract no matter what, make sure it spells out everything, even if a partner dies etc.

    Good luck

  6. #16

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    10thplanetjj.com
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    Canton, OH
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    474
    Quote Originally Posted by Ron Almeida View Post
    I have had many different businesses with many different partners.

    Some quick advice;

    Make it a LLC, do not do it in your name.
    Make it something you can do yourself if your partners bale.
    Have a contract no matter what, make sure it spells out everything, even if a partner dies etc.

    Good luck
    Thanks for that advice

  7. #17
    Quote Originally Posted by Michael McGuire View Post
    All owners/operators of a business and especially those of a 10th planet moon, would you be so kind to share with the rest of us any and all advice on how to open and operate a business of our own?

    I'm sure many of us would love to own a business someday, especially a 10th planet moon, so any advice you could give us would be greatly appreciated.

    THANKS
    The most important thing is to start. That is 100%! After that, create an idea and a plan. After that you can took loan, for example and move on. That is it. You just have to start!

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