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fw: re: starting a business

updated fri 21 nov 03


wayneinkeywest on thu 20 nov 03

> Steve and Gary and Bonnie make some very valid points.
> If I need a piece of equipment to get the job done, or to
> make us more efficient, there is no question that I am
> going to go out and find a way to buy it. Doesn't matter
> if it's an electric toilet bowl brush, a computer, a
> floor machine or a truck. Whatever makes us more
> efficient makes us more money, and in business it has to be
> all about the bottom line (and for me, about being
> honest and not screwing my clients...but that's just
> me. Not all businesses are honest, as we all know.)
> Example: I just bought a 28 foot fiberglass step
> ladder. It's actually 16 feet, with an extension that comes
> out of the middle on the top and goes up another 12 feet.
> Took a month to get it, cost more than my first two cars.
> All to reach _1_ lightbulb in a client's foyer. That ladder
> will pay for itself on the first job, and I get to write it off.
> Each time I attempt to figure out the tax code as it applies
> to us and our business (we're a Sub S corp), I must stuff a
> paper towel in each ear to stop my brain (which is sure to
> turn to mush instantly) from leaking out...and I'm GOOD
> at math.
> I want to concentrate on my business, on my (product
> or service). I do not care to niggle about the details or
> tax consequences dreamed up by the minions of satan,
> er, excuse me, the infernal revenoors. That is what I pay
> experts for. And as it was pointed out, a genius in
> (whatever) the field is worth every cent. Doesn't matter
> if it's brain surgery, tax prep, or rocket science. I know
> what I do, and I'm darn good at it. I leave the rest to the
> people I pay to do for me. That's THEIR job, and they're
> good at it too. And thank goodness someone is, 'cuz it
> ain't me! My job is to make the (product or service), and
> make sure that the people I pay to watch the bottom line
> get a CD every month with the business books.
> Would you rather spend your day making pots, or shuffling
> paperwork? That's a decision you have to make. What
> are you better at? Know the limits of what you can do.
> Expand those limits if you want, but know them. If you don't,
> you're going to quickly be overwhelmed. Anyone starting a
> business can find that they are wearing "too many hats". Not
> good for them, not good for their business either.
> All my Best,
> Wayne Seidl