How many Nsx owners here are business owners/entrepreneurs

[robr]

i haven't been w-2 in probably 10 years, but i'm just doing contracting work for the most part. it's not making me wealthy, but it paid for the nsx back in the late 90s. some things are in the works but not worth reporting on yet. a company i have a decent sized piece of signed a million dollar contract with seagram's umg, but i just got word today that as soon as that happened, some of the board members started raiding the cash and the only capable person left - the one who got the deal - quit because of mismanagement and incompetance. i was told to prepare to wipe my butt with my stock certificates. oh well, maybe next time.

 

[Modernceo]

I have owned a automotive performance and cosmetic parts business for 8 years now. Have 5 employees other than myself. Just started another business on the side for fun.

 

[rickysals]

I own a furniture store. Second location opening sometime in February!

I love some of that furniture!!
--------


Welp, I'm 21, and no NSX..

but I do own my own business with a friend.

We're a design company (see link in signature, placeholder webpage temporarily), and have done mostly websites for small businesses, bands, and photographers. We also do print, identity, motion graphics, and basically anything the client wants

havent done much with it since summer, as I have 3 studio classes, and 3 other jobs... art director of two campus magazines, and advertising designer for the newspaper. blah this better pay off!!

now who needs a website for their small business?!?

 

[dawggpie]

I'm also amazed at how many people on this thread are associated with real estate.

Is that really that amazing these days? =) Everyone is into real estate at least part time. Get on the ball

 

[GT-N]

technically im not one, but my family has been doing the Chinese restaurant business for over 25 years now.. I'm still working at the same Chinese restaurant, and attending college at same time..
I'm also interested in real esate..

 

[Red]

I started with a Pro Photography Studio, which I sold in 1st year university and switched my major from Film to Accounting/OB.

While working for a few seconds as an Accountant (2nd year) I realised that I could make more money as myself and started an IT consulting shop (in 1988!)

By 1994 I had offices in Toronto, NY, and Mexico City and started selling off the clients.

Many of my clients were in advertising & Marketing so:

I started a Marketing Company (Technology based - database, web, IVR, etc.), which, in 1999 I sold to WPP.

Shortly after I started to build office buildings in Russia - until the Yukos thing hit the fan.

Now I have an Consumer Auto Finance Co. www.maclease.ca for people with bad credit.

Throughout the whole process I have been involved in several start-ups and various Merchant Banking projects.

My wife is in Real Estate Development with projects all over North America.

My advice to anyone starting or thinking about starting anything:
1) Create a long term biz plan
2) Forcast revenues and expenses out two years
3) Figure out how to operate on half to 10% of your revenue forcast

I have seen more business fail that rely on lots of start up capital than businesses that don't rely much on startup capital - that IS the secret!

If you have a biz idea I'm always happy to be "grey hair" and chat, I don't need the $$ and I'm not an investor (I invest in my own stuff only now), but I've travelled the road a few times and am happy to point out pot holes!

 

[queenlives]

<snip> If you have a biz idea I'm always happy to be "grey hair" and chat, I don't need the $$ and I'm not necessarily an investor, but I've travelled the road a few times and am happy to point out pot holes!

great story for people to hear... and, i like your "grey hair" comment(s)... i'm in the same boat and this week am in oregon being the grey hair for a fx software company started by a former employee of mine.

i enjoyed the climb up - ups and downs, all - but enjoy mentoring even more.

thx again for sharing your story, i enjoyed reading it.

hal

 

[Alittleboost]

NSX-Prime Business Owners thread?!

I remember a while back there was a thread about what type of business are you in. I did a search and no prevail, maybe we can post here what type of business we are in?! so maybe we can network, and get some discounts or valuable information from one another. I guess I'll start.

1. Name of business
2.Location
3. What you do and sell.
4.contact info/web-site.


1. Providence capital Funding
2. Brea California (so-cal)
3. Assisting business owner with equipment leasing and financing. Also tayloring to their business with finance options on equipment to improve cash flow and tax deductions.
4. www.providencecapitalfunding.com ask for Mark.

 

[C-speed]

Re: NSX-Prime Business Owners thread?!

1. Name of business: GroupMediaCI Inc/Corrupt Interactive Inc. - www.groupmediaci.com
2.Location: Vancouver, BC Canada/Bellingham, WA
3. What you do and sell: Software Development - We create/built online multiplayer strategy games (mostly car/racing related)
4.contact info/web-site:

www.TOPSHIFT.com - The NEXT Shift in Racing Evolution
www.MIDNITECHALLENGE.com - The ULTIMATE Online Racing Experience
www.STREETHEIST.com - Extreme Grand Theft Auto

 

[NSXCELERATE]

Seamless aluminum rain gutter installation/repair.
www.chopperbicycle.net
Realestate investor when the opportunity arises

Background in aviation maintenance but never touched a commercial airliner..Or anyones plane for that matter.

Never held a major job working for anyone else

 

[Daves_X]

I would love to work for myself and I have lots of dreams and ambitions but I just dont know how to get my foot in the door as I like to call it. But after being in the Marines for 10 yrs I wouldnt have it anyother way but it has come time for me to make a choice. Any of you guys out there who have started their own resturant or anything like that want to help a person out with some advice. I also have a secret dream of driving race cars so if someone knows how to get that all started it would be great as well. I love to drive fast and can handle a car like the best of them.

Thank You for your time

 

[Red]

Any of you guys out there who have started their own resturant or anything like that want to help a person out with some advice.

The Resturant biz is one of the #1 businesses for speed into bankruptcy. If you haven't worked in a successful one for long enough to REALLY know what it takes to run one I wouldn't touch it with a 10 foot pole.

I have a friend who buys bankrupt rests for cents on the dollar, a quick coat of paint, all the same everything else (maybe a name change) and a new menu and he makes a killing - he owns about a dozen now. He's a genius, don't let guys like him fool you - he says he looks at about 20 bankrupt spots to buy one - to me that means that the 19 guys started rests where they never had a chance!

My advice, look for soemthing you love doing that doesn't need much capital to survive - preferably based on your life experience. Those are the biz's that survive!

I also have a secret dream of driving race cars so if someone knows how to get that all started it would be great as well. I love to drive fast and can handle a car like the best of them.

Unless you've consistantly won seriers championships you will not have a chance of makeing money driving cars. Some of my friends who are professional drivers make more money being driver agents than they do driving themselves!

Make lots of money at something you're good at so you can afford your toys! (Most of the Grand AM GT and Cup drivers pay thier own freight)

 

[steveny]

The Resturant biz is one of the #1 businesses for speed into bankruptcy. If you haven't worked in a successful one for long enough to REALLY know what it takes to run one I wouldn't touch it with a 10 foot pole.

\

Excellent advice!

 

[Shaun Ray]

I work for the man, but my wife has been self employed (has her own jewelry company) for 10 years. Since she pretty much bought me an NSX, I thought that might count.

She and her sister are highly competitive - back stabbing, whatever you want to call it. Two years ago, the sister's husband complained about a lousy Christmas gift his wife gave him (some stupid exercise equipment). I opened the door to my garage to show him what I got (NSX). Sister is in hot water.

Last Christmas, same issue so I open the garage again to reveal the parking lift (with NSX on top) that my wife was so generous to provide. Sister is in hot water, again.

The NSX and lift are just paybacks for me supporting my wife's business in the earlier years, but the sister doesn't need to know that...right? :wink:

Shaun
'95 NSX-T green/tan

 

[BioBanker]

Im a Sell Side Research Analyst at a privately held investment bank.

Biotech.

 

[Mike-san]

The Resturant biz is one of the #1 businesses for speed into bankruptcy. If you haven't worked in a successful one for long enough to REALLY know what it takes to run one I wouldn't touch it with a 10 foot pole.

I have a friend who buys bankrupt rests for cents on the dollar, a quick coat of paint, all the same everything else (maybe a name change) and a new menu and he makes a killing - he owns about a dozen now. He's a genius, don't let guys like him fool you - he says he looks at about 20 bankrupt spots to buy one - to me that means that the 19 guys started rests where they never had a chance!

My advice, look for soemthing you love doing that doesn't need much capital to survive - preferably based on your life experience. Those are the biz's that survive!



Unless you've consistantly won seriers championships you will not have a chance of makeing money driving cars. Some of my friends who are professional drivers make more money being driver agents than they do driving themselves!

Make lots of money at something you're good at so you can afford your toys! (Most of the Grand AM GT and Cup drivers pay thier own freight)

The most sound advice I've read regarding how to start a racing career is in Carrol Smith's book "Drive to Win" -check it out ( if interested )

 

[steveny]

Im a Sell Side Research Analyst at a privately held investment bank.

Biotech.

Are you doing drug trials personally?

 

[apple27]

I started www.appspireconsulting.com and have a few hotel projects in the pipeline.

 

[Factor X Motorsports]

My advice to anyone starting or thinking about starting anything:
1) Create a long term biz plan
2) Forcast revenues and expenses out two years
3) Figure out how to operate on half to 10% of your revenue forcast

I have seen more business fail that rely on lots of start up capital than businesses that don't rely much on startup capital - that IS the secret!

I completely agree with this having made that mistake in the past. When ever I look over a plan I immediately cut out 50% of the revenue, double the development time, double the budget. That seems to be the biggest mistake made by the young or those lacking experience with start-ups. Every single person says their estimates are conservative.

I am a serial entrepreneur having started a small sports related site that went to acquisition, then went on to start a personalization company in the dot-com days that went to acquisition. Followed by Factor X Engineering that went private:wink: Now it looks like I’ll be going back to the sports related game.

Once you have it in your blood its tough to get it out. No greater pleasure or pain then being a business owner.

 

[Lady Six]

After a failed attempt at a driving school, im now starting a record label. nice little career hop eh?

Currently im a student though...

 

[emvanderpol]

Great thread, with lots of good info.

I am an independant consultant (Forensic Biomechanical Engineering). It's a fancy way of saying that I analyze accidents, and determine how people get injured...or not injured. Spend a lot of time in court and dealing with attorneys.

I'm from the school of learning on other people's money. Did that for three years, and started on my own company 8 years ago. Never looked back.

 

[710]

oops

 

[Ryanmcd2]

I have worked for people, owned a IT business and day traded for a living. What I am doing now is having someone run my money and make 20-30% a year and I got a job doing IT again. People may laugh but running a business sucks, you deal with all the problem and the business owns you. Even trading sucks because there is nothing to do but watch charts and ya it was a 4 hour day and I could make millions but after a life changing event money is not worth spending all your time trying to make it. Now I take care of my health and have fun with my friends and family. Remember this when you want to make lots of $$$$ you have 2 things in life. Time and your health that is IT! I know someone who has made over 500 million $$$ and it took him 20 years to do it, now he has so many problems and so many people trying to screw him and his problems are "What Jet should I get this Year". Think about it before you want huge money is it worth 60-70 hours a week for YEARS or even 10's of years? For me getting in kick ass shape, helping people and enjoying life, family, and friends is what it's all about.

 

[Red]

What I am doing now is having someone run my money and make 20-30% a year

PLEASE tell me who's managing your money and getting you 20-30% annual returns!

I want them to do it for me too! I have enough trouble getting those returns by myself doing biz in north america.

Help us all out with your secret!:wink:

I'd rather be working out too!

 

[Sig]

The Resturant biz is one of the #1 businesses for speed into bankruptcy. If you haven't worked in a successful one for long enough to REALLY know what it takes to run one I wouldn't touch it with a 10 foot pole.

Creating a restaurant concept from scratch is a dicey game... too risky for my current tastes. That said, I am heavily invested in a franchise restaurant chain. There are many benefits to going the franchise route, but there are trade-offs as well. For example, owing a portion of every dollar to the franchisor and living by their code. On the other hand, quality franchise concepts have significantly higher success rates than one-off's.

For any type of food business, there are several things you want to be sure of before you start:
1) The concept has a true competitive advantage that is recognized by the public and not just your 'happy ears'
2) You have a solid management team with the ability to properly run the restaurant
3) You have adequate capital to get open and run the restaurant for at least a year.