Running your own wee business

[Timber020]

Getting advice on running your business from people with different businesses is like asking what bike to buy. what works in some industries will bomb in others.

I got alot of advice from well meaning people in different industries, alot of it would have driven me broke. Be careful who you listen to and about what. Find someone in the same industry outside the area you intend to work in so that your not competition, and ask questions, see how they do things, although what works in one place may not work where you are.

[Big Dave]

Getting advice on running your business from people with different businesses is like asking what bike to buy. what works in some industries will bomb in others.

I got alot of advice from well meaning people in different industries, alot of it would have driven me broke. Be careful who you listen to and about what. Find someone in the same industry outside the area you intend to work in so that your not competition, and ask questions, see how they do things, although what works in one place may not work where you are.

Yeah - but good governance is good governance too.

[nudemetalz]

Well, I've started my own wee business...as well as still working for WCC.
It's a lot of hard work setting it up, and a heap of government rules, ie IRD, GST etc.
However, governement-run outfits like Bizinfo and the like do offer support.

I'm trying to get it into a position where the busness can at least equal my salalry before I quit my mortgage-paying job and that is a lot of work.

BTW my business is called "Nudemetalz Ltd". Some of you may have seen my brake-disc clock I made for a client in an earlier thread.

[degrom]

Well, I've started my own wee business...as well as still working for WCC.
It's a lot of hard work setting it up, and a heap of government rules, ie IRD, GST etc.
However, governement-run outfits like Bizinfo and the like do offer support.

I'm trying to get it into a position where the busness can at least equal my salalry before I quit my mortgage-paying job and that is a lot of work.

BTW my business is called "Nudemetalz Ltd". Some of you may have seen my brake-disc clock I made for a client in an earlier thread.

Hey.. Love the stuff you build!!! love the table's....

But if you have a site,why don't you advertise it?

I believe this is your site??? http://www.nudemetalz.co.nz

[nudemetalz]

Yup, that's my site alright.

Getting there with it, take a lot of time and resource to advertise.

Thanks for the kind input.

[mikey]

once i find the companies office or where ever you go to register one ill have a business.

watch out for it

autistic autopsies - specialsts in unethical solutions

[SwanTiger]

http://www.companies.govt.nz/

once i find the companies office or where ever you go to register one ill have a business.

watch out for it

autistic autopsies - specialsts in unethical solutions

[degrom]

So,What's everyone's opinions about the new year?

Is it going to be a better / Worse year for business?

[nudemetalz]

Well my new year is going to produce some amazing and innovative designs for Nudemetalz which I'm going to prototype and showcase.

[peasea]

I ran my own business for nine years and am basically still self-employed freelancing but with one permanent part time job. The business was a double edged sword some days; you could call all the shots but if required you worked Sundays. I hope you have a good paper shuffler, I've seen the most talented people go belly up for want of good accounting and creative tax methodology. Don't do anything illegal but claim for everything. A lot depends on your field of work and where you're doing it.

[Brian d marge]

Well I just revied my business plan , and am content with it ,,penciled in a few changes , nothing major

Plans for this year . increase sales a bit more and invest in a bit of kit...

Lined up till june for work , thats cool ...as I am racing in 2 series next year and the wife WILL have a spaz if she sees the expenses ! ( why am I thinking of Caparossi on that DVD　Faster ..about the speed of the Ducati ,,,,its a good yeah??)

Sometimes I feel bummed about the money side of it ,,but othertimes I feel good that I am bang on track ,,Exactly what I planned for a year ago , has /is happening ..so that makes me feel better


Finally on the Marketing side... I tried that questionaire ,,all I got was err its ok ... crap answers ( to possibly crap questions ~)

My wife was PAID to test fridges the other day ,,,she was watching the answers that others gave ,,,, they were a whole lot better ,,,,

So me thinks ..... in return for your Opinion ,,, you get something ,,,now that might work...

Hey ho ..its all fun in the end !

Stephen

[scracha]

Just passed the magic "1 year in business" mark. Even made a small profit which REALLY surprised me as it's often felt like I've been running about like a headless chicken for nothing. Hopefully I can make it to 24 months.

Couple of mates back in the UK advised me not to try and grow things too quickly so my main areas to concentrate on will be keeping existing customers happy and finding cheaper (but still reliable) suppliers.

Hoping to push the ReadyNAS side of things more. Maybe looking at importing some other NAS devices land expanding to GPS units. Thought about selling computers this year but I think I'll just stick to repairing them.

Been using a FREE product called "Volutive" for my invoicing. It's worked well the first year. Agree with the accountant bit but you can save yourself a fair bit of money by sorting invoices by company/date and even just listing them in a spreadsheet.