I Search Background
I remember asking my dad when I was around eight or nine years old who his boss was. His response was “noone…I’m my own boss..I’m a sub contractor for a logging company.” All of my other friends parents had a “boss” and worked for someone--I thought at the time that this was not cool. As the years progressed and after I’ve been working for twenty years for a “boss”--I admire my fathers ability to provide for our family on his own. The older I get the more I seem to wish that I had something of my own to build from the ground up and run and be successful at.
I know absolutely nothing about running a business; other than in order to be successful in this day and age you need to be present and physically be at the business. My husband worked at several gas stations when he was a teenager and he runs his own construction business; so he’s aware of the risks involved with running your own business. I do all of his payroll/quarterly taxes; so am familiar with that.
Running a gas station/store/lunch counter came to mind a few years ago. Our local gas station went up for sale for 200 thousand dollars and the building is over thirty years old. I inquired about it but my husband said that you’d need to build the building in the ideal location and have it sit back further away from the road. It didn’t make sense to sink that amount of money into an old building that needed major improvements.
We purchased a lot at the beginning of our street that is in an ideal location at the only major intersection in town. A Take Out in the summertime was tossed around but we also have ITS81 snowmobile trail going across the property which would be ideal for snowbladers for gas, etc.
I have never taken economics or ever worked in a gas station/restaurant. I have the work ethic and the desire to be successful--as I ran a busy medical practice for seventeen years. I’m used to working twelve hour days.
The question at this point in my life is…do you want to run your own business and be tied to it? Will I be able to sell it thirty years down the line and make a profit? My answer early on….is “probably not” because we live in such a small town. I would I’ve seen many businesses come and go--even in bigger towns. The economy is in terrible shape.
However, you do hear stories about the “American Dream” and how people make a go of their businesses and do fairly well. I’m Isearching this topic to “put a rest” to my idea--or perhaps realize that this can be doable.
All of this is going to go into your isearch but not all of it is really background--that happens in the early stages sometimes.
ReplyDeleteBACKGROUND:I remember asking my dad when I was around eight or nine years old who his boss was. His response was “noone…I’m my own boss..I’m a sub contractor for a logging company.” All of my other friends parents had a “boss” and worked for someone--I thought at the time that this was not cool. As the years progressed and after I’ve been working for twenty years for a “boss”--I admire my fathers ability to provide for our family on his own. The older I get the more I seem to wish that I had something of my own to build from the ground up and run and be successful at.
WHAT I KNOW: I know absolutely nothing about running a business; other than in order to be successful in this day and age you need to be present and physically be at the business. My husband worked at several gas stations when he was a teenager and he runs his own construction business; so he’s aware of the risks involved with running your own business. I do all of his payroll/quarterly taxes; so am familiar with that.
BACKGROUND: Running a gas station/store/lunch counter came to mind a few years ago. Our local gas station went up for sale for 200 thousand dollars and the building is over thirty years old. I inquired about it but my husband said that you’d need to build the building in the ideal location and have it sit back further away from the road. It didn’t make sense to sink that amount of money into an old building that needed major improvements.
We purchased a lot at the beginning of our street that is in an ideal location at the only major intersection in town. A Take Out in the summertime was tossed around but we also have ITS81 snowmobile trail going across the property which would be ideal for snowbladers for gas, etc.
WHAT I KNOW:I have never taken economics or ever worked in a gas station/restaurant. I have the work ethic and the desire to be successful--as I ran a busy medical practice for seventeen years. I’m used to working twelve hour days.
WHY I'M WRITING: The question at this point in my life is…do you want to run your own business and be tied to it? Will I be able to sell it thirty years down the line and make a profit? My answer early on….is “probably not” because we live in such a small town. I would I’ve seen many businesses come and go--even in bigger towns. The economy is in terrible shape.
WHY I'M WRITING: However, you do hear stories about the “American Dream” and how people make a go of their businesses and do fairly well. I’m Isearching this topic to “put a rest” to my idea--or perhaps realize that this can be doable.