Own your own small business? Tried and failed? Success?

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Jan 5, 2006
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#22
A friend called me bout that too that we should do something. Is there paper work to set up shop to be an official business?
depends what youre gonna be doing.. but the basics is youll need money one way or another. youre gonna wanna get a sellers permit and/or a business license. Youre going to want to protect your company/business via LLC, Incorporate it.. etc. If youre applying for a business loan youre gonna need a good business plan to present to them. Gotta set goals that you wanna meet. Youre going to invest alot.. and chances are you wont break even for months/years.
 

eMDe

Sicc OG
Apr 25, 2002
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#25
I run a silkscreening service and started a clothing line selling to local shops just about to expand. (5$ tall tees XL-6X, 1.50 print 20$ screen setup 15$/hr graphics!!!! holla!!!!) Its going good but like big chill said keep it legit and trust no one!Thats how all business is though in ANY LINE OF WORK. Its definetley better to be your own boss, thats how life should be.
 

BASEDVATO

Judo Chop ur Spirit
May 8, 2002
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#29
http://franchise.littlecaesars.com/STEP1Research/FAQ/tabid/56/Default.aspx#cost1

What are the financial requirements for potential franchisees of Little Caesars Pizza?
Little Caesars requires candidates desiring to open one store to have a net worth of $150,000 with a minimum of $50,000 in liquid, unencumbered assets (like cash). You must also be able to obtain financing to cover the total costs of opening a franchised location.

How much does it cost to purchase a Little Caesars Pizza restaurant?
If you are purchasing an existing store, the price will be determined by the seller. If you are building a new store, Little Caesars estimates that it will cost between $199,000 to $299,000. Of course, actual costs may vary.



so if any of you got 50k just laying around, and worth bout 200k your good haha