Thursday, February 18, 2010

There is always a risk

How much would you pay a month to do something you love?

I have a friend who likes racing. He doesn’t have a sponsor, so each race has a cost. Tires, gas, repairs, all of these add up. Not to mention, he bought a Honda S2000, which included a monthly payment for five years. I have no idea what that totals to each month, but it isn’t cheap. I have another friend who loves to play Xbox. The Xbox is a couple hundred dollars and then monthly fees can be as much as $10. Both of these guys work all day to come home and do what they love.

The Lord gave me a passion to start a business. I didn’t hear His voice or see a sign, but I haven’t been able to shake the desire for years.

My goal is not to make money; my goal is to do what I love. I am like a sports player trying to make the pros.

If this works I get to live my dream and start a business. If this fails I get to save back up and start another business. This is more like a hobby with big consequences.

Thursday, February 4, 2010

I am a blogger?

My wife just told me she read my first blog. She liked it, but apparently I misspelled a word or forgot a word or something. If anyone out there sees it let me know.

[How you ever seen Julia and Julia? Every time I think about the blog I picture that movie]

I have to be upfront. I think blogs are lame. People spend way to much time watching the lives of other people. Go live your own life! That is exactly why I am doing this. I hope me writing about pursuing my passion helps encourage someone else chase their dream. No matter how this turns out I will keep posting. Who knows...this could be my story about how I went bankrupt. :-)

Sweet Weepeats! I still feel lame saying that too, but I like the name. I think it will work in our target market well.

How did this all begin?

For long story start here or skip ahead to short story...

My best friend Robbie and I began talking about business in high school. We tried going after quick money in pyramid schemes (almost lost all of our savings) and we even tried legitimate business. For example a home improvement venture. Just a note...hard work and a lot of zeal do not always equal a good finished product. [Mr. Myers if you are reading this. If and when Robbie and I make a little money, we are going to pay someone else to redo your foyer. I still feel bad about how it turned out.]

That was when we were 17 or 18. I am 29 now and we have talked about business all of these years. We decided we had to either do something or quit talking about business once and for all. All of our friends were tired of listening to our ideas. I was tired of being all talk. I felt like a poser.

So, we got serious and decided to pick something. We went through a couple of ideas seriously. We tried writing business plans but it got boring and we fizzled out. We took our ideas to more experienced businessmen but that didn't work either. Finally we had a a break. By break I mean accident.

Short Story

Robbie's wife found a resale business for sale. They were only asking $10,000. If there is any inventory in the store that is a no brainer. A business for $10k is cheap! However, when he investigated it turned out to be $110,000.

He called me sometime during all of this and we started talking about the potential for a resale business. People want to save money regardless of good economy or bad economy. Not to mention that we live in a country that buys children way too much. It was a strange business for two guys, but the business model was solid. We discussed buying the business for $110k but didn't have the money, and we thought it might be fun to figure it out on our own (we didn't know what we were getting into).

So here we are. We are trying to figure it out.

Once again I need to get to bed. I have a business and I still have to work my 9-5 to pay the bills. These first few posts might not be incredibly interesting. I probably won't go through all of the details during the last 6 months, but I still need to get caught up to the present.

Until the next time

Wednesday, February 3, 2010

Not what I thought

I am 6 months in a few thousand dollars out as I take 3,000 pictures of my first childrens clothes. That's right! I started a children's resale business. Yes, it is random. Check it out and let me know what you think:

This isn't the mental image I had 12 years ago when I decided I would start a business. I have had a gazillion ideas of businesses to start, but every idea has had one thing in common...great idea and 0 (zero) action.

So why a kids resale clothing store? I will explain later, but right now I am going to go to bed. My wonderful wife is already in bed asleep and I should be there with her.

I have been doing this for about 6 months now. So, I am going to have to bring this blog up to date. Maybe someday my kids (that I don't have yet) will enjoy looking back at how all of this began.

Good night!
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