1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Who run's their own business?

Discussion in 'General Discussion' started by Stax10, 24 Jul 2006.

  1. Stax10


    Joined: 15 Aug 2003

    Posts: 320

    Location: Leicester

    Just wondering what members of this forum who run their own business (or are thinking of doing so/or would like to) actually do/(like to do).

    Do you enjoy it?

    Are the rewards worth it?

    Etc, etc.

    Just fill us in with the details. How long have you been doing it? You get the idea, just interested in how many members are working for themselves.

    Oh, if you dont mind, age please as well.

  2. Rosbif

    Wise Guy

    Joined: 29 May 2006

    Posts: 2,278


    interesting thread mate... im curious about the ins and outs of small business too... but more specifically the ins and outs of certain industries as opposed to generalities of business... any florists here? i walk past an interflora now and then and always wonder about the industry...

    i mean who grows up dreaming of being a florist? ... stock broker, astronaut, formula 1 driver, but florist? hehe

  3. Sone


    Joined: 18 Oct 2002

    Posts: 7,671

    Did seriously look at starting an ebay buisness, selling various bits and bobs (don't want to say incase i decide to give the same thing a second try). Got as far as trying it out while working but sales were far less than expected from research so i gave up. Lost about £300 and 100+ hrs but the experiance was well worth it and i am going to try again probably with a different product.

    Loved every minuite of doing it though and the effort was well worth what the benefits could of been, just didn't work out that time.

    Aged 20 btw.
  4. The_KiD


    Joined: 19 Apr 2006

    Posts: 2,342

    Location: West Yorkshire

    Am just trying to get my own PC repair business up and running at the moment:

    Link removed - no business promotion

    Nothing new here, just been repairing PC's for companies for most my life and dont see why I should continue making someone else money.

    Am 28 now, so would be good if I got it going before I was 30.

    am also interested in the questions you've asked, but more specifically business banking (see other thread here: http://forums.overclockers.co.uk/showthread.php?t=17604457)
  5. Beansprout

    Man of Honour

    Joined: 31 Jan 2004

    Posts: 16,319

    Location: Plymouth

    19...two years...web design & hosting...great fun, still going to uni in September though :)
  6. Jonny69

    Man of Honour

    Joined: 3 May 2004

    Posts: 17,670

    Location: Kapitalist Republik of Surrey

    28, been doing a callout PC repair service for about 5 years now. Getting a bit bored of it now though as I want to get back into engineering. On the other hand I get by on working about 2-3 days a week and muck about making stuff in the garage the rest of the time.
  7. rich_g85

    Wise Guy

    Joined: 12 Jun 2003

    Posts: 2,033

    Location: Either Tonbridge or Biggin Hill

    I can see this turning into a "Stop pimping your personal website" thread :p
  8. Tru


    Joined: 18 Oct 2002

    Posts: 2,959

    Location: OcUK Peoples Champion

    I ran a wee IT support business (as a sole trader) for a couple of years, I enjoyed it at the time but my heart wasn't in it for the long term. Doing the work and meeting clients was great but I couldn't be arsed with the minutiae like accounts and crap.

    As a person you need to be a lot of things to make your own business work; driven, organised, passionate (about your work, obviously), dedicated etc, and you can forget about being particularly socially active. You need to have a plan, a vision of where your company will be in 5 and 10 years time and unless you know exactly how to get it there, you can forget it.

    You always hear successful businessmen being described as charismatic and confident, but that's only the tip of the iceberg. It's the calculating, and usually ruthless, person that lies behind that who achieves success.
    Last edited: 24 Jul 2006
  9. teaboy5


    Joined: 12 Jan 2006

    Posts: 5,556

    Location: NI

    I noticed you didn't have a normal number, how about getting a voip setup in your house which means you can buy a number its cheaper than renting a new line.

    A draytek Vigor2800V / Vigor2800VG should do the job
  10. Xinn


    Joined: 5 Apr 2006

    Posts: 4,103

    Location: Wakefield

    I sell my body for a living....

    Jokes :p

    Although my mum had her own small business selling designer baby clothes. lasted a good few year but she got bored so gave it up lol.

    My old next door neibour used to (and still does I think due to the 4x4 been full of parcels all the time) buy and sell stuff on ebay. Must make a decent amount to carry on doing it this long.
  11. yermum

    Perma Banned

    Joined: 16 Sep 2005

    Posts: 2,205

    Location: Buckinghamshire

    I used to run a business with my beloved OH for many years. We were in the catering business and used to work from 6 in the morning until whenever at night, 7 days a week. We ended up completely exhausted and never saw the family. The beaurocracy is endless, the red tape mind numbing and the paperwork mountainous. Only gave up when the beloved OH had a serious accident.

    Would we do it again? Probably, but smaller scale and somewhere else eg. France. You need to be self motivated, confident, able to juggle many balls at once and keep going no matter what. Get lots of advice before you start anything and learn by others mistakes.
  12. Bumhucker


    Joined: 8 Nov 2005

    Posts: 919

    Location: Not in ham

    I'm 20 and I'd love to do my own little business thing. Unfortunately I don't really have any marketable skills yet. I looked into the whole Ebay buying/selling thing but it's very inconsistent.
  13. Dr House


    Joined: 17 Oct 2002

    Posts: 13,228

    Location: London / Prague

    Do you enjoy it?

    Yes I do at the moment its not like having a normal job, if im not at university I can be working from 8 in the morning to 11 at night. I am constantly in the car going from meeting to meeting. My phone never stops ringing, I literally never mange to get through a meal without my phone going off.

    Are the rewards worth it?
    Yes they are, its a lot of hard work but at the end of the day I am my own boss and I make enough to pay for university, my cars and watches. I meet lots and lots of interesting people.

    How long have you been doing it?
    3 and half years. It did not make any money for the first 2 years.

    age please as well.
  14. Carl


    Joined: 1 Nov 2003

    Posts: 3,517

    Paras what do you do?
  15. Inquisitor


    Joined: 12 Apr 2004

    Posts: 11,788

    Location: Birmingham

    Out of interest, are you a reseller when it comes to hosting, or do you actually own servers in a datacentre?
  16. fanger


    Joined: 23 Oct 2004

    Posts: 670

    Location: South, England

    I've been running my own biz for about 10 years now and wouldn't/ couldn't work for an organisation now even if I tried.

    That said, I work with lots of organisations as part of a team to get a project finished, but at the end of day I answer to myself.

    This has an upside and a downside.

    Upside: It's great - you work the hours you want, on your terms, and to your strategy.

    Downside: It's ****** hard to find the motivation sometimes to do anything (OCUK aside ;) You have to force yourself to get motivated, etc.

    I generally create music/ video for broadcast and net and weeks can go by without an actual contract I'm working on.
    At the end of the day it's down to you. Any fool can start up their own business - but any fool can starve as well.
    You have to be well determined to make it work and that's usually born of a dislike of being told what to do by others.

    Oh, and a good idea ready to fit a niche market!
    Good Luck and go for it.
  17. atomiser

    Wise Guy

    Joined: 28 May 2003

    Posts: 1,845

    this is something i have always wanted to do, but part-time alongside my 'proper' job. i never really seem to be able to find any concrete information on running a business as a sole trader whilst still in permanent employment though. from what it looks like it's 'just' a case of keeping books and filling in a tax return at the end of the year... but im 100% sure that is no where near as simple as it sounds!!! to do it all legit, of course(!), would probably make it not worth it from a financial standpoint!
  18. fanger


    Joined: 23 Oct 2004

    Posts: 670

    Location: South, England

    You're not wrong. Sorry to get ever so slightly political but a certain chancellor with the first name Gordon, has NOT made it easy for small business Startups over the last few years. The biggest thing being Invoicing laws - absolutely crippling for a small business (with stressed cashflow) to have to wait for some BIG company to pay Invoices at their liesure - sometimes 90 days. OK for them - end of show for the limited cashflow small business.

    Damn nearly sunk me a few times.
    That having been ranted there are plenty of schemes and grants available to the "Guy With A Good Idea".
    Business Link should be a first port of call if you're serious.
    (Won't post the link as don't want to upset MODs) google it.
  19. William


    Joined: 26 Jul 2003

    Posts: 10,948

    Location: Derby

    I'll do it for my Dad if you want:

    Do you enjoy it?

    Did until a few years ago.

    Are the rewards worth it?

    I get paid craploads but still hate it and still have to drive up and down the country all week.

    What is it?

    Civil & Structural Engineering Contractor
    Project Management contractor.

    How long have you been doing it?

    Err, since 1971 he had his charters by 25. (Which is impressive)

    Age - 58.

    And he's retiring soon so he can fix his 1938 Morris 8. :)
  20. homerio


    Joined: 3 Apr 2003

    Posts: 2,785

    Location: Uni - UCL | Home - Woking

    I believe he either imports or exports stuff from Prague.