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Author
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Topic: How Many Here Have Owned A Business?
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Randall
Webmaster Posts: 23212
From: Saturn next to Charmainec
Registered: Apr 2009
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posted November 16, 2012 09:46 PM
  
With the talk about the economy in mind, I am just curious if anyone here has owned a business and had to make payroll along with all of the other challenges associated with running a business?IP: Logged |
YoursTrulyAlways
Knowflake Posts: 4177
From:
Registered: Oct 2011
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posted November 16, 2012 09:49 PM
Yo.  Tried three types: S Corp, LLC and LP. All the same. Businesses with small balance sheets and taxation on earnings and distributions. No, the payroll never came close to 50 W2s. IP: Logged |
Randall
Webmaster Posts: 23212
From: Saturn next to Charmainec
Registered: Apr 2009
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posted November 16, 2012 10:18 PM
Gotta love the S Corp!IP: Logged |
Ami Anne
Moderator Posts: 38185
From: Pluto/house next to NickiG
Registered: Sep 2010
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posted November 16, 2012 10:36 PM
I have a very small business with one assistant who is very part time but I can tell you one thingOBAMA DID NOT BUILD IT! ------------------
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IP: Logged |
PixieJane
Knowflake Posts: 1227
From: CA
Registered: Oct 2010
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posted November 17, 2012 12:33 AM
quote:
Originally posted by Ami Anne:
I have a very small business with one assistant who is very part time but I can tell you one thingOBAMA DID NOT BUILD IT!
Obama was talking about the infrastructure (schools, police, roads, telecommunications, etc) that make businesses possible and is mostly maintained by the government (especially taxes), not the businesses themselves. For example, I had a job and was forced to hire someone to keep up with the demand I had but without roads (that come from taxes) that business would've been impossible. That said, Somalia proves you don't need a government to have these things. Since their government fell lifespan has increased, new businesses have opened and even major corporations have moved in (so biz is doing just fine), and they even opened a new university, IIRC. Granted, they have a lot of problems but that seems based more on clan hatreds and fundamentalists religions at war with each other than a lack of government (OTOH, that murderous hatred that comes from religious & clan rivalries is why they don't have a government because every clan is scared if one seizes power that the rest of them will be be mass murdered Rwanda style which is why every time a group is about to establish dominance the other clans temporarily ally together and tear the strong one down and thus no government). The point being that perhaps Obama was incorrect in his assumption that the government (and thus taxation & federal regulation) was necessary to maintain the infrastructure that allowed for education and business to happen in the first place...but even if he is, he was still referring to the infrastructure, not individual businesses that use and benefit from that infrastructure. Granted, I understand FOX (along with others) distorted what he said, which is what they do and why a study showed people who got most of their information from them actually knew less about what was happening than those who watched no news at all.
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pire
Knowflake Posts: 2004
From:
Registered: Apr 2009
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posted November 17, 2012 12:52 AM
I haven't. I genuinely admire those who manage to keep humanity. I realise that when you earn money, or save it, it becomes easy to develop greed. I have worked with all types of bosses. I personnally look up (?) to those running business as a wise dad. In french: en bon pere de famille which means : as a good family's father. Meaning in a responsible and humane way. Obviously making profit but not at the expenses of his/their employees. It requires huge humane skills though, that need to be praised IMO. And this type of bosses disappear behind the bad image given by the greedy ones.IP: Logged |
Linda Jones
Knowflake Posts: 1425
From:
Registered: Jan 2012
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posted November 17, 2012 12:30 PM
Yes to business, but single handedly, so no payroll, and while studying for an advanced degree.@ Pixie's post 
@ Pire
I completely agree with you! It is the same thing my Dad told me growing up ... that in business particularly, one has to be very honest for the business to be successful (one's word is one's honor), and being humane toward others is key to one's growth ... materially as well as spiritually. I find this to be very true in life.
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I have a DO NOT DISTURB sign on my imagination IP: Logged |
mockingbird
Knowflake Posts: 781
From:
Registered: Dec 2011
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posted November 17, 2012 04:01 PM
My husband and I are laying the groundwork to start one, but we'll not take the leap until the healthcare exchanges are up and running.------------------
If I've included this sig, it's because I'm posting from a mobile device.
Please excuse all outrageous typos and confusing auto-corrects. IP: Logged |
mockingbird
Knowflake Posts: 781
From:
Registered: Dec 2011
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posted November 17, 2012 04:04 PM
^ My grandparents had one, though.
They employed about 30 people.They were also democrats who provided healthcare for all of their employees. They were not, however, a union house - their employees were happy enough with their good treatment to not want to put up with the drawbacks of belonging to a union (note: their company was in a heavily unionized sector). ------------------
If I've included this sig, it's because I'm posting from a mobile device.
Please excuse all outrageous typos and confusing auto-corrects. IP: Logged |
AcousticGod
Knowflake Posts: 7083
From: Pleasanton, CA
Registered: Apr 2009
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posted November 17, 2012 08:00 PM
I am only now catching the bug to do so, but have no immediate plans.My dad owned his own business while I was growing up. It did pretty good for a good number of years, but ultimately failed. I've also worked in many small businesses, and my experience is that the business is only as good as its leader. If the leader is undisciplined, it will trickle down into the rest of the business. IP: Logged |
MoonWitch
Moderator Posts: 1131
From: The Beach
Registered: Apr 2009
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posted November 17, 2012 11:10 PM
My husband is partial owner of 4 businesses (3 partners). So I suppose I am too By marriage and he's giving me a lot of insight into what it takes and what he has to deal with.IP: Logged |
juniperb
Moderator Posts: 5472
From: Blue Star Kachina
Registered: Apr 2009
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posted November 20, 2012 10:17 AM
I do but in recent years, mainly subcontract.------------------
We need to listen to our own song, and share it with others, but not force it on them. Our songs are different. They should be in harmony with each other. ~ Mattie Stepanek IP: Logged |
Lindaland
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