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AlanTone

posts: 17

Jul 27, 2008 11:13 AM ET    Quote  Report Abuse
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Hello All,
 
I have been an entrepeneur all my life and earning a living online since 1999 with a couple web design businesses and a web hosting company that I sold in 2001. I currently have two ventures going, a company called The Virtual Tour Pros LLC (http://wcf.thevtpros.com) which has been running for 2.5 years and that I plan on selling or franchising in another year (I have not decided yet which path to take). And my new venture called My Video Spokesmodel (http://myvideospokesmodel.com) where we are in the final stages of implementing a checkout system and adding to our bank of models.
 
My great love is starting businesses and proving concepts, day to day operations are a necessary evil, but not my favorite aspect.
 
I am wowed by all the information and great ideas flying aroung this site, and am glad to have found it. I plan on being an active contributer and I`ll surely gain some knowledge along the way.
 
sarastvnsn

posts: 10

Jul 27, 2008 11:32 AM ET    Quote  Report Abuse
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I have been a business owner for some time and I have had big success and some failures.  I went back to the security of a full time job, but I am finding it very unfulfilling. I was curious what first got you started and how you stayed focused through all the day to day mundane workings of the business world.  Now that I have deided to get back into it again I am so burnt out from my full-time job that I find it hard to keep my why in mind and stay focused.  Any advice would be great from somebody who has more expierience starting up business, I am a little rusty and just got started on the web.

-------------------------

Jewelry desighns using nature and gemstones
http://www.southpointstudios.com
My Email
AlanTone

posts: 17

Jul 27, 2008 5:18 PM ET    Quote  Report Abuse
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My first job out of College was as a Construction Superintendent for a custom home builder in Austin. One of my clients was a young (40ish) guy names Doug Foreman. Doug and I built his 3 million dollar home over a year and a half and we became friends. Doug owned a company called The Guiltless Gourmet. One day I asked him how he got started and heres what he told me. He said to find an idea and think about it for a while. If after 60-90 days and after a bunch of conversations with friends and family you still think it`s a winner and you decide to go forward, then ask your self this? No matter what happens or what hurtles you must get over, no matter who tells you it`s not going to work, and no matter the number of hours and late nights are you going to keep going? If the answer is yes then go for it, but go with both feet in...part time rarely works.

Then he told me that he had 4 businesses fail, his wife left him, and was on the verge of bankruptcy when he started The Guiltless Gourmet. He sold that company during construction for $20mil. And now everything he touches turns to gold. 

I have had numerous companies and each was a little more successful than the previous. Now they always make money. I sold my last company for $2mil. I guess the secret is to determine if you are really an entrepreneur at heart, if so then plan on struggling and things not going as planned, but know that if you stick with it, there is a great payoff in the end.

I do get bored with the day to day grind of running a business that doesn`t change, but thankfully being a startup entrepreneur no two days are ever the same. 

Two more pieces of advice:
1. Try not do do it on a shoestring if you can help it. Having only a few hundred bucks in the bank makes things many times harder.
2. If you love your wife and she`s not 100% on board stick with your day job. My first wasn`t but my 2nd is. :-)
sarastvnsn

posts: 10

Jul 27, 2008 8:17 PM ET    Quote  Report Abuse
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thanks for all the great advice, sometimes its good to hear from somebody that has been there and done that

-------------------------

Jewelry desighns using nature and gemstones
http://www.southpointstudios.com
My Email
CraigL

posts: 9051

Jul 27, 2008 8:38 PM ET    Quote  Report Abuse
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LOL! I like the part about the wife, and being onboard. :-D

I was a musician for the first half of my life, and I see how closely related they are to entrepreneurs. After all, a musician is pretty much on his (or her) own, most people tell them to get a "real" job, and there`s a gazillion other musicians in the competitive arena. Music is a passion and a lifestyle, and so too, many (if not most) end up divorced.

The question I always faced, whenever I got thoroughly discouraged with the music business, was pretty simple: "So...ya wanna work for a corporation?" For the most part, the answer was definitely a resounding no!

Then came the time when I was just exhausted, and simply wanted a mindless job that paid a steady salary. That lasted for awhile, but the problem is you can`t turn off your personality...your basic self. You can`t shut down your mind forever, really, unless you just go into a coma.

So there`s always that back-and-forth: a steady paycheck, versus the satisfaction and fulfillment of doing something creative. Sometimes it can only be resolved by trying both ways....maybe even repeatedly. But ultimately, each of us comes down solidly on the one or the other side of the equation.

Interestingly, in today`s world that steady paycheck working for a corporation seems to be getting increasingly more difficult to find. :-) So even the risk assessment of starting your own business begins to change.
AlanTone

posts: 17

Jul 27, 2008 8:40 PM ET    Quote  Report Abuse
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My oldest friend of 25 years asked me the other day "Alan, what do you do for fun?" As a pilot for Southwest and he just couldn`t understand when I said, "I work for fun" 
CraigL

posts: 9051

Jul 27, 2008 8:57 PM ET    Quote  Report Abuse
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Been there, done that, and heard the same thing...a LOT! Oh well, it just leaves more room for the entrepreneurial minded adventurer. 
AlanTone

posts: 17

Jul 27, 2008 9:14 PM ET    Quote  Report Abuse
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Craig,
Unfortunately it`s true about wives and girlfriends. Luckily my first wife and I are still friends. When we met and I told her I wanted to be a Homebuilder when I got out of school.(like my parents)  What she didn`t realize was that I really meant that I wanted to work for myself.  She didn`t sign on for the months of almost zero income followed by a good paycheck and a sellable business. She wanted a traditional home life, and I wanted to work my ass off, retire by 50, live on a 65` cat, and sail the world. I have 5 years to go and it`s looking pretty good.

My Current wife is an entrepeneur  herself so she totally understands that she`ll make money and I`ll be broke, then she`ll be broke and I`ll make money... it`s a give and take. In the end it`s all about what makes  you happy.


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