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Starting A Company, Tips?  
User currently offlineAirworthy From , joined Dec 1969, posts, RR:
Posted (11 years 7 months 1 day 15 hours ago) and read 798 times:

I'm starting a company pretty soon, it's going to be like British Airways, just bigger. No, just kidding, it has nothing to do with airplanes.

Does anyone have any tips? What kind of outside help did you have, a CPA, a lawyer?

10 replies: All unread, jump to last
 
User currently offlineFlyVirgin744 From United States of America, joined Jul 1999, 1313 posts, RR: 1
Reply 1, posted (11 years 7 months 1 day 15 hours ago) and read 795 times:

Awesome! What kind of business though?


Sometimes I go about in pity for myself and all the while a great wind carries me across the sky.
User currently offlineAMSMAN From Ireland, joined Jan 2002, 1016 posts, RR: 6
Reply 2, posted (11 years 7 months 1 day 14 hours ago) and read 784 times:

Yeah, what business....it might help to tell ppl what type of business your starting...that way they'll have better insight on what help you need.

P.S. I'll be your CEO.  Smile/happy/getting dizzy



Aer Lingus, Proud to be Irish.
User currently offlineArtsyman From United States of America, joined Feb 2001, 4745 posts, RR: 34
Reply 3, posted (11 years 7 months 1 day 14 hours ago) and read 778 times:

There are many things that are important, some of the main ones are:

Be competitive

Don't promise what you can't deliver

Treat Customers as you want to be treated

When conflicts come up, try to look at the big picture as bad news spreads a lot faster than good

Treat your employees like they are your hero's

Be fair

Power can often be misused, sometimes try to let your logic make decisions, and not your ego.

Always have good eye contact with your customers and employees

Try to enjoy what you are doing, it is always best to have a business in a field that you actually like.

Do not let your employees have access to airliners.net

good luck

Jeremy



User currently offlineAirworthy From , joined Dec 1969, posts, RR:
Reply 4, posted (11 years 7 months 1 day 11 hours ago) and read 767 times:

It's nothing fancy, just some stuff in real estate or grocery store.

User currently offlineIllini_152 From United States of America, joined Jan 2001, 1000 posts, RR: 2
Reply 5, posted (11 years 7 months 1 day 3 hours ago) and read 753 times:

Best advice you'll get on this board: Don't come here for advice! People you should be talking to-

Tax attorneys, accountants, customers, business lawyers, banks, loan officers, clients, competitors, other business owners, and potential customers.

Not anonymous 16 year olds who hang out on the internet all day (no offense, there are some knowlageable people out here, but if I wanted to get information about something I had little experience in, this is one of the last places I'd come; too hard to seperate the wheat from the chaff.)

- Mike



Happy contrails - I support B747Skipper and Jetguy
User currently offlineJwenting From Netherlands, joined Apr 2001, 10213 posts, RR: 18
Reply 6, posted (11 years 7 months 20 hours ago) and read 736 times:

Best advice (apart from going to pros and not coming here):
DON'T do it right now. Wait until the economy settles down, things are far too unstable to give you any realistic chance of success.



I wish I were flying
User currently offlineJwenting From Netherlands, joined Apr 2001, 10213 posts, RR: 18
Reply 7, posted (11 years 7 months 20 hours ago) and read 733 times:

Another good piece of advice: start small and expand slowly and cautiously.
Most companies that fail fail because they expand too quickly (or because they didn't have a market at all and should never have started in the first place).



I wish I were flying
User currently offlineRyanb741 From United Kingdom, joined Mar 2002, 3221 posts, RR: 16
Reply 8, posted (11 years 7 months 16 hours ago) and read 722 times:

Also, if you are going into partnership with someone, no matter how well you get on now you WILL end up suing/being sued by them if the business goes well. A lot of people turn real nasty when the lure of even more $$$ (instead of a 50-50 split) manifests itself.


I used to think the brain is the most fascinating part of my body. But, hey, who is telling me that?
User currently offlineRyanb741 From United Kingdom, joined Mar 2002, 3221 posts, RR: 16
Reply 9, posted (11 years 7 months 16 hours ago) and read 718 times:

Also, never EVER be complacent and think your product is the best out there. Remember, what we invent at breakfast somebody else has copied by lunch and has bettered by dinner. Never ever stand still.


I used to think the brain is the most fascinating part of my body. But, hey, who is telling me that?
User currently offlineAirworthy From , joined Dec 1969, posts, RR:
Reply 10, posted (11 years 7 months 16 hours ago) and read 716 times:

Thanks for the tips everyone.

I know it will be hard work but I think I can do it.

>>Do not let your employees have access to airliners.net<<

I better not have access to a.net, because I'll spend more time here than trying to run the business.


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