TO anyone who owns a business. Or has a partnership.?

Question

1. What type of business organization does your business fall under: sole proprietorship, partnership, corporation etc?
2. What are some of your fixed and variable costs?
3. How much does one need to start a business like this?
4. Where does one get financing to start a business?
5. What type of education do you need to work in this business?
6. How much do you make a year?
7. What problems do you run into?
8. Do you have any others workers, that you pay?
9. If so, what requirements do they need to work with you.
10. Does running a company take a lot of your free times. Is it worth it? What are the pro’s and con’s?

Answer 1

1. What type of business organization does your business fall under: sole proprietorship, partnership, corporation etc? S-corporation
2. What are some of your fixed and variable costs? Fixed is for office space ($500/month), Variable is phone, internet, etc.
3. How much does one need to start a business like this? Nothing
4. Where does one get financing to start a business? Depends upon how much you need. If less than $50,000 I suggest from a personal loan or from friends/relatives. Fromm $50000 to about $500000 I suggest an angel investor. More than that, a venture capitalist.
5. What type of education do you need to work in this business? Ideally a masters in business
6. How much do you make a year? My salary? Confidential, but much more than $100000
7. What problems do you run into? None that we haven't been able to solve.
8. Do you have any others workers, that you pay? One assistant and many sub-contractors
9. If so, what requirements do they need to work with you. Experience in the field
10. Does running a company take a lot of your free times. Is it worth it? What are the pro’s and con’s? What do you mean? Running a company takes about 100 hours per week.