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  1. Replies
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    Business partner v.s. b2b

    So I've been doing business for a client for the past 6 mos now. We've had a good working relationship when he was my boss in a previous life. He has a company, I have a company, primarily much of...
  2. Ok thanks, so this is what I need then. ...

    I am using in Quickbooks on my mac, have separate files for several different businesses. One could use QB to keep track of their personal finances as well, although Quicken is probably better for...
  3. I got the latest version that exist on the...

    I used to use Quicken a long time ago -- it is really for personal finance, keeping track of your own checkbook and personal investments. I don't really think of it as a business application -- I am...
  4. This, This is what I did, I made a separate...

    By no mean am I an accountant and I've never used Quicken. That said, you do want to keep business and personal separate and the Boy Scout money shouldn't be tied with either. The Boy Scouts should...
  5. Need assistance with Quicken in managing my business(s)

    I have a copy of Quicken 2017 and I'm planning to use it to manage multiple things, but I'm pretty lost right now with using the software. I have a small software company that is more less one...
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    Thanks, So I've been pulling up some...

    I am not a tax professional, but here are a couple thoughts --

    Your LLC is presumably a single-member LLC? It is a disregarded entity as far as the IRS is concerned, so you would be taxed as a...
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    Corp-to-Corp v.s. 1099

    I'm going to be doing some work for someone that will average around 150K a year in total services per year. The issue is that I need to make a decision to do this via 1099 or Corp-to-corp. It...
  8. I'm asking if you are starting a business, have...

    Unless I'm missing something, I don't think it's unprofessional. Are you asking about taking on a client and then paying someone at UpWork to do the work or are you working for a company and...
  9. Using UpWork to gain early business work/contacts

    Just curious,

    I've done some small jobs for a company. I've been looking at UpWork as another alternative. Is this unprofessional?
  10. Ok Thanks, So this got me thinking. I haven't...

    Never equal partners. SOMEONE has to be in charge and make the big decisions. My rule: Whoever is risking the most money owns the most shares.

    For the management work you do, you should outline...
  11. Getting into a "home rental" business with a neighbor

    Ok here's the deal. I have rental experience and have managed rental property for around 6 years so far. I've dealt with everything from taking my tenants to court and dealing with...
  12. $7,400 fixed firm per year. It's a yearly...

    Now, I'm a tad bit confused here. Did the state actually pay the prior contractor $7,400 as a flat, annual wage rate... Or was $7,400 simply the accumulative amount from every work order the State...
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    Business plan creator

    Just curious do you guys know any websites that create business plans (preferably free). I started using planbuildr.com. Seems it's OK, but requires payment.
  14. Bidding on a potential Printer Maintenance contract with the State

    I've asked enough questions from the State to determine what this is. Just to give you heads up, I'm a new business and I'm trying to get my feet wet in a contract. The incumbent is doing the work...
  15. I did some back searching through closed quotes...

    Distributors are buying thousands (if not tens of thousands) at a time of these items. This drives down the price per unit that they pay and their price could easily be reduced by 50% of what a low...
  16. These are gov customers. I don't believe they...

    Yep. You are selling items that companies can order off the internet and get free second day delivery. Hardhats sell for $11, unless you can buy them for a buck each, you aren't going to be able to...
  17. So 5% of the sale is around 260 dollars or so. ...

    A good profit margin is between 2 and 500%, depending on the market and type of business. Right now you can make about 5-8% in the market at low risk. So I wouldn't go much lower than that.

    So 5%...
  18. Yeah, I'm running this out of my house. As far...

    Unless you have funds to burn through to run your business, you need to take your total operating costs per month or year (assuming this one contract will be the only contract you get this month to...
  19. What is a good profit margin for a new business with no customers (contracting)?

    So I'm bidding on a contracts, mainly supply contracts.

    I'm bidding on a supply contract of about 13 different workers safety materials (eyewear, hard hats, glasses, vest (various sizes,...
  20. Getting a price for a quantity of hard drives (reselling)

    OK,

    So I'm looking at a IT supply contract for 60 SSD hard drives. My company is new. For the most part I've looked online and ebay. The cheapest I've found retail (online) is B&H video for...
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    Yes, I think I understand the idea.

    References are from people you've done work for. There is no shortcut, you have to get those kinds of jobs that look good on a resume' and give good references.

    Not sure what you're asking. Are...
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    Getting references to do contracting

    So major issue I"m having is when trying to bid on state contracts I see many of the are in need of at least 3 references. I'm into IT application development etc. I've been looking on Craigslist...
  23. What if I simply bid on the item, provide a...

    They must give the illusion of being fair. Down here there was a bid put out by the Air Force for some planes between EADS and Boeing. EADS won, Boeing went nuts, called in every politician they had...
  24. But how is it fail to the public if their...

    It's pretty normal with government contracts, especially if they have a vendor that has a proven relationship and quality of service at a reasonable price.

    I've seen some where a vendor had a...
  25. State contracts that are written directly for a company that hasn't won it yet????

    So here's the deal. I was perusing the state gov bid site and looking at some RFPs. I found an interesting contract for 30 Laptop Charging carts (chromebook), and 10 tall charging carts. These are...
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