Sorry for the confusion. PM = private message
PM means "Private Message".
You can click on the users profile/name and send a message directly to their mailbox and only they can see the message. It is private, not public.
Hope this helps.
Thank you for your post. The figure was incorrect when I posted it last night. It should actually be 90k for the first year of operating expenses. This is with my salary of $45k a year, one technician of $20k, and a clerk to take calls etc at $14k a year and 21k for business expenditures.
If the business takes off a fair salary would most likely be 55-60k. This is the average in my area of town for Technology Directors/Managers.
What are your thoughts?
If I were an investor, I would expect 30% annual return on investment into other people`s business.So, the number needs to work out 27K dividend on 90K investment.
Using your fair salary level, your expense would be around 120K (you need to add payroll tax, benefits etc, and some padding for unexpected expenses). That leaves 60K profit before tax, or about 45K after tax, depending on your state.
That means, I would want 60% equity if I were the investor.
Please do not go to the web address prlife45 posted on this thread. All 4 of his posts have been SPAM and SOLICITATIONS. I think the forum moderators need to delete his posts and delete his account.
Thank you for your message.
I contact the local SCORE chapter who has been assisting me with starting this company and the local SBA. SBA backed loan seems like the direction I am going to attempt to take.
I have a good working relationship with a local bank here in town and going to speak with the Bank Manager tomorrow about this.
Thank you for all of your advice....I will keep you posted on the outcome of the loan.
You mentioned early in the thread that you are looking to start a service company. Generally service companies have very little need for start up capital, and there are often ways to boot strap your way to generating the cash flow to fund growth. Its not easy, but you retain 100% equity which is great.
If you still need cash to start, go with the 4 F`s - Family, Friends, Founders and Fools.