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re: Relationships with coworkers. Your stance?
Posted on 10/26/13 at 8:56 pm to Pigfeet
Posted on 10/26/13 at 8:56 pm to Pigfeet
Well, for me, I have no debt. Not even a car loan.
I guess what some people stress about, paying bills, paying loans, etc, I replace with business stress.
It's about being happy. One large contract I have is for 8 total years. It makes my LLC worth quite a bit. I've thought about selling, putting that money back....reducing my house size and being a greeter at Walmart the rest of my life.
I would be happy. I'm not a flashy person. I'm pretty simple. It doesn't take much to make me happy.
I've got to decide how many employees I want to hire so that I have none working over 29 hours a week coming up. I've got to live with cutting a couple of my best folks hours, because I can't afford all this healthcare jazz that's about to go into place across our country.
I feel bad about that. I've got friends in my line of business that are doing the same.
I'm wanting to move locations of one business right now. There is an ideal location for me, closer to the UofA, but the person at this address prior didn't pay their sales tax for 5 months. In Arkansas, sales tax goes with the address, so I would have to pay someone else's sales tax because I would have that address. It boggles my mind. We aren't talking about $900 in taxes either.
I guess what some people stress about, paying bills, paying loans, etc, I replace with business stress.
It's about being happy. One large contract I have is for 8 total years. It makes my LLC worth quite a bit. I've thought about selling, putting that money back....reducing my house size and being a greeter at Walmart the rest of my life.
I would be happy. I'm not a flashy person. I'm pretty simple. It doesn't take much to make me happy.
I've got to decide how many employees I want to hire so that I have none working over 29 hours a week coming up. I've got to live with cutting a couple of my best folks hours, because I can't afford all this healthcare jazz that's about to go into place across our country.
I feel bad about that. I've got friends in my line of business that are doing the same.
I'm wanting to move locations of one business right now. There is an ideal location for me, closer to the UofA, but the person at this address prior didn't pay their sales tax for 5 months. In Arkansas, sales tax goes with the address, so I would have to pay someone else's sales tax because I would have that address. It boggles my mind. We aren't talking about $900 in taxes either.
2
Posted on 10/26/13 at 9:05 pm to Pigfeet
quote:
You may not like this but we are now BFF, and I agree 100%.
Hawgeye, I completely get it that owning and operating a business of any kind is a tremendous amount of work, and many times, you must bring it home with you. There's not really a clock to punch in & out. Depending on what business, and particularly in the first few years, it can be a 24/7 thing, but in the long run, you aren't dependent on others for your livelihood.
Although you have many responsibilities, i.e. employees, taxes, etc., etc., at least you have the freedom to do what you enjoy and your livelihood isn't dependent on corporate policies, philosophies, or the altering of them. I do believe it takes a certain type of personality to be a successful business owner - a very self motivated, disciplined, & driven type. I don't think everyone is cut out to do it nor would everyone be happy doing it, but, overall, a successful business owner does have more freedom and more options, but it is certainly a huge amount of time and effort.
Posted on 10/26/13 at 9:10 pm to Arkla Missy
I think a lot of it has to do with trying to get this one contract for the last 5-6 years. Now I've got it......and I'm like...okay, now what? This isn't as fun as it was....
Posted on 10/26/13 at 9:25 pm to Pigfeet
quote:
Just don't see how I would have ever been in my position (unless I was the Pres or CEO) if I worked for a company up until now.
You probably wouldn't be in the same position that you are now, particularly, having been at it since the age of 26. It's great that you knew what you wanted at such a young age, and enjoy doing it. I definitely am a believer in people making a living or having a career doing something that really makes them happy considering they'll be doing it for quite a while, and at the risk of sounding like someone from the 1950s, I think it is especially important for a male to do something he really enjoys.
Even today, most of the earning responsibility for a family falls on the man's shoulders, so it is important for him to be as happy as possible doing it. Of course, there are exceptions, and more women have full time careers (any women libbers who might be lurking, please don't kill me), but typically, the male will always have to work, so his being content doing so is pretty important to the happiness of the family as a whole.
Posted on 10/26/13 at 9:43 pm to Pigfeet
My dad has owned his own fencing company for quite some time. The money is great, but his life isn't any easier than what it would be if he were simply one of the guys on the construction crews.
Posted on 10/26/13 at 9:50 pm to Hawgeye
quote:
Well, for me, I have no debt. Not even a car loan.
That is most definitely a stress reducer.
quote:
I guess what some people stress about, paying bills, paying loans, etc, I replace with business stress.
Yep, it seems there is always something to stress about, no matter what.
quote:
It's about being happy.
Could not agree more.
quote:
I've thought about selling, putting that money back....reducing my house size and being a greeter at Walmart the rest of my life.
You can't imagine how many family members & friends I have who feel the same, and are serious. My advice is whatever makes you happy and reduces the bad type of stress.
quote:
I would be happy. I'm not a flashy person. I'm pretty simple. It doesn't take much to make me happy.
Most of the happiest people I know feel this way.
quote:
I've got to live with cutting a couple of my best folks hours, because I can't afford all this healthcare jazz that's about to go into place across our country.
That has got to suck tremendously. I have a feeling this healthcare shite is going to be just horrible in many ways people haven't considered. Just a really bad snowball effect.
quote:
I'm wanting to move locations of one business right now. There is an ideal location for me, closer to the UofA, but the person at this address prior didn't pay their sales tax for 5 months. In Arkansas, sales tax goes with the address, so I would have to pay someone else's sales tax because I would have that address. It boggles my mind. We aren't talking about $900 in taxes either.
Things like this are why I got out of accounting, actually, didn't do it for long because I hated dealing with the asinine, ever changing tax laws. This is one of the biggest drawbacks to owning your own business, imo. The 2 most valuable things for a business owner to have is a fantastic, trustworthy CPA and attorney. Are there any loopholes your accountant might find to help with the sales tax law? Issues like that drive me nuts. Just so ridiculous and unfair.
Posted on 10/26/13 at 9:54 pm to Arkla Missy
Huh?
Posted on 10/26/13 at 10:04 pm to Hawgeye
quote:
I think a lot of it has to do with trying to get this one contract for the last 5-6 years. Now I've got it......and I'm like...okay, now what? This isn't as fun as it was....
Well, I think, as with many things, the challenge or chase of going after a goal is most of the fun of it. Once it's achieved or caught, there's kind of a letdown. It's pretty normal to feel that way, but it's kind of a never ending "thrill of the hunt" vicious cycle.
Posted on 10/26/13 at 10:04 pm to Arkla Missy
quote:
Things like this are why I got out of accounting, actually, didn't do it for long because I hated dealing with the asinine, ever changing tax laws. This is one of the biggest drawbacks to owning your own business, imo. The 2 most valuable things for a business owner to have is a fantastic, trustworthy CPA and attorney. Are there any loopholes your accountant might find to help with the sales tax law? Issues like that drive me nuts. Just so ridiculous and unfair.
No loop holes.
If I were to move, I couldn't add that address for my sales tax. The sales tax only goes with address. So basically, I can't even file my paperwork for new sales tax location because of the previous person/business.
Yes it sucks, bad.
Posted on 10/26/13 at 10:06 pm to Ole Geauxt
quote:
Huh?
You'll have to be more specific. I've typed a lot.
Posted on 10/26/13 at 10:07 pm to Arkla Missy
So have I.
Posted on 10/26/13 at 10:17 pm to Hawgeye
quote:
If I were to move, I couldn't add that address for my sales tax. The sales tax only goes with address. So basically, I can't even file my paperwork for new sales tax location because of the previous person/business.
Ludicrous.
How the powers that be find it a good idea to punish someone for the faults of another is beyond me. That really is one of the more illogical and moronic tax laws I have heard about.
Hopefully, you can find another location that is just as well suited, but ideally, they would amend the law.
Posted on 10/26/13 at 10:19 pm to Ole Geauxt
Orly?
Did you find the LSU game?
Did you find the LSU game?
Posted on 10/26/13 at 10:22 pm to Arkla Missy
Yes, seek and ye shall find.. Please do seaux.. 
Posted on 10/26/13 at 10:28 pm to Ole Geauxt
quote:
Please do seaux..
Ok. You know, I think y'all's LA spelling probably confuses kids.
Posted on 10/26/13 at 11:13 pm to Hawgeye
Drewbie, where you at?
Me and Porker are here at West End. You on Dickson ?
Me and Porker are here at West End. You on Dickson ?
Posted on 10/27/13 at 12:06 am to I Ham That I Ham
quote:Nah I'm at home. I got hired the same week as a payroll deadline so my first check was garbage. Gotta with till the 6th before I let loose money-wise.
Me and Porker are here at West End. You on Dickson ?
Got all those deposits and first month fees to pay next week. Posted on 10/27/13 at 10:49 am to I Ham That I Ham
I was there so I'm told.
Posted on 10/27/13 at 9:56 pm to Drewbie
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