Comments on: Questions and Decisions! http://www.debtkid.com/questions-and-decisions Get Out of Debt @ DebtKid.com Sun, 21 Mar 2010 04:33:43 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: debt kid http://www.debtkid.com/questions-and-decisions/comment-page-1#comment-1498 debt kid Sat, 28 Jul 2007 03:30:06 +0000 http://www.debtkid.com/questions-and-decisions#comment-1498 Yikes! Some not so nice comments as of late. But no, I am not looking for a book deal. Are you serious? What a waste of time that would be. Most books barely make (if any) money with a huge amount of time commitment that I don't have. Plus, what would I write about? I write here because its fun and I get (mostly) helpful feedback. Yikes! Some not so nice comments as of late. But no, I am not looking for a book deal. Are you serious? What a waste of time that would be. Most books barely make (if any) money with a huge amount of time commitment that I don’t have. Plus, what would I write about? I write here because its fun and I get (mostly) helpful feedback.

]]> By: Name Required http://www.debtkid.com/questions-and-decisions/comment-page-1#comment-1467 Name Required Fri, 27 Jul 2007 04:53:09 +0000 http://www.debtkid.com/questions-and-decisions#comment-1467 I think you're a nut looking for a book deal like Casey Serin. I think you’re a nut looking for a book deal like Casey Serin.

]]> By: catriona http://www.debtkid.com/questions-and-decisions/comment-page-1#comment-1461 catriona Thu, 26 Jul 2007 23:56:09 +0000 http://www.debtkid.com/questions-and-decisions#comment-1461 Just some things to think about: 1. Have you looked into how much the appropriate insurance might cost? You're going to need it, in case anyone gets injured. 2. Have you made sure that your potential landlord is okay with your having employees come to your place? He/she may have problems if you have employees taking up parking spaces and/or adding to wear and tear. 3. Think about what would happen if you got sick or had to go out of town for some reason. If you're having your employees work out of your home, would you be comfortable with them working in the basement(or wherever) while you were lying down with a fever or dealing with a stomach virus? Would you be comfortable with them letting themselves in while you were gone? Or would you be okay with all business stopping during those times? Just some things to think about:

1. Have you looked into how much the appropriate insurance might cost? You’re going to need it, in case anyone gets injured.

2. Have you made sure that your potential landlord is okay with your having employees come to your place? He/she may have problems if you have employees taking up parking spaces and/or adding to wear and tear.

3. Think about what would happen if you got sick or had to go out of town for some reason. If you’re having your employees work out of your home, would you be comfortable with them working in the basement(or wherever) while you were lying down with a fever or dealing with a stomach virus? Would you be comfortable with them letting themselves in while you were gone? Or would you be okay with all business stopping during those times?

]]> By: Ian http://www.debtkid.com/questions-and-decisions/comment-page-1#comment-1439 Ian Wed, 25 Jul 2007 22:41:58 +0000 http://www.debtkid.com/questions-and-decisions#comment-1439 Louise is right. Downsizing is scary. Fear of the unknown is always a big deal. I recently went from an office of 16 to one of 7. And it;s tight. But the change actually improved things for everyone left. Including me. Sounds awful, but those whio left us are now all employed again (worked hard on that and gave references, suggested agencies, etc). The increase in expenditure will repay itself. You will be more productive (after settling in). I'm from the UK, but we now meet our clients in a Starbucks or other equlivalent aroundthe corner should we ever need to meet a client. Don't pay for office space when you meet clients rarely. Spend the infrequent expense on them - a side order is far less than the extra rent. Works for us - and very well too. By the way, our clients are local. Louise is right. Downsizing is scary. Fear of the unknown is always a big deal. I recently went from an office of 16 to one of 7. And it;s tight. But the change actually improved things for everyone left. Including me. Sounds awful, but those whio left us are now all employed again (worked hard on that and gave references, suggested agencies, etc).

The increase in expenditure will repay itself. You will be more productive (after settling in).

I’m from the UK, but we now meet our clients in a Starbucks or other equlivalent aroundthe corner should we ever need to meet a client. Don’t pay for office space when you meet clients rarely.

Spend the infrequent expense on them – a side order is far less than the extra rent.

Works for us – and very well too. By the way, our clients are local.

]]> By: all things good http://www.debtkid.com/questions-and-decisions/comment-page-1#comment-1438 all things good Wed, 25 Jul 2007 21:32:50 +0000 http://www.debtkid.com/questions-and-decisions#comment-1438 I worked for a guy for a while who ran his business out of his home. It never felt right; it never felt official; it always seemed like I was just visiting his house instead of working, and in fact it seemed kind of creepy. I didn't like it. Later we got a real office and things were much better. From your standpoint it's probably a good money-saving idea, assuming you can keep the accounts (personal and business) straight; but from the employees' standpoint I vote for "suckage." I worked for a guy for a while who ran his business out of his home. It never felt right; it never felt official; it always seemed like I was just visiting his house instead of working, and in fact it seemed kind of creepy. I didn’t like it. Later we got a real office and things were much better. From your standpoint it’s probably a good money-saving idea, assuming you can keep the accounts (personal and business) straight; but from the employees’ standpoint I vote for “suckage.”

]]> By: Gaming the Credit System http://www.debtkid.com/questions-and-decisions/comment-page-1#comment-1425 Gaming the Credit System Wed, 25 Jul 2007 03:39:09 +0000 http://www.debtkid.com/questions-and-decisions#comment-1425 I don't know. If it is in a house and you'd set up the office in basement, then maybe. If you were trying to do it from an apartment (with a bedroom dedicated to the "office") then I would say no way. One thing that you need to consider is how much of a hassle it would be. Do you receive much mail? How many clients would need an updated physical address? Do you have a P.O. Box? If not, and you decide to do the move, you should go ahead and get one (they're only like $60 a year for a small one). That way you won't have to tell everybody your new address again when you eventually move the office out of the house. Also, consider expansion. What if your new ideas take off, and you need to hire 3 new employees? Could you do it at your current office? Could you do it at the new place? I don’t know. If it is in a house and you’d set up the office in basement, then maybe. If you were trying to do it from an apartment (with a bedroom dedicated to the “office”) then I would say no way.

One thing that you need to consider is how much of a hassle it would be. Do you receive much mail? How many clients would need an updated physical address? Do you have a P.O. Box? If not, and you decide to do the move, you should go ahead and get one (they’re only like $60 a year for a small one). That way you won’t have to tell everybody your new address again when you eventually move the office out of the house.

Also, consider expansion. What if your new ideas take off, and you need to hire 3 new employees? Could you do it at your current office? Could you do it at the new place?

]]> By: debt kid http://www.debtkid.com/questions-and-decisions/comment-page-1#comment-1420 debt kid Tue, 24 Jul 2007 22:34:56 +0000 http://www.debtkid.com/questions-and-decisions#comment-1420 Thanks for all the advice. My lease at my current office is month to month. I would have to give them 30 days notice. So, if I decide to consolidate my office into a SOHO, I need to decide by the end of the month. I spoke with my Dad about this today. And I just got back from looking at the 1K/month place. I didn't get to see all of it (current tenant was there), but it looks pretty good and is in a nice location. My business has not had a "client" or even vendor come into our office for months. All our business is done over the phone and internet. My employees are college students mostly, so I think the basement office would work for them. The place is available Aug. 1st. So, financially, I would have an overlap with my existing office space. But, on the good side, this would give me a month to sell a few things in the office and slowly transition everything (internet/phones) into the new place. And file bankruptcy this week. Yikes, I love my life! Thanks for all the advice. My lease at my current office is month to month. I would have to give them 30 days notice. So, if I decide to consolidate my office into a SOHO, I need to decide by the end of the month.

I spoke with my Dad about this today. And I just got back from looking at the 1K/month place. I didn’t get to see all of it (current tenant was there), but it looks pretty good and is in a nice location.

My business has not had a “client” or even vendor come into our office for months. All our business is done over the phone and internet. My employees are college students mostly, so I think the basement office would work for them.

The place is available Aug. 1st. So, financially, I would have an overlap with my existing office space. But, on the good side, this would give me a month to sell a few things in the office and slowly transition everything (internet/phones) into the new place. And file bankruptcy this week. Yikes, I love my life!

]]> By: Pups 1 http://www.debtkid.com/questions-and-decisions/comment-page-1#comment-1418 Pups 1 Tue, 24 Jul 2007 20:32:10 +0000 http://www.debtkid.com/questions-and-decisions#comment-1418 07/24/07 One consideration is, do you have a lease on the suite you're in? What is the cancellation clause? In some areas, there are strict rules against home businesses. Would customers/vendors have reservations against going into someone's home? What about your employees? Are you certain your business will be able to move forward in its present form, based on your facing insolvency. 07/24/07
One consideration is, do you have a lease on the suite you’re in? What is the cancellation clause? In some areas, there are strict rules against home businesses. Would customers/vendors have reservations against going into someone’s home? What about your employees? Are you certain your business will be able to move forward in its present form, based on your facing insolvency.

]]> By: louise http://www.debtkid.com/questions-and-decisions/comment-page-1#comment-1417 louise Tue, 24 Jul 2007 20:18:13 +0000 http://www.debtkid.com/questions-and-decisions#comment-1417 I think go for the home office keeping in mind the good advice above about maintaining a professional workplace, but I think you have what it takes to manage that. It would save you a lot of money and it does not need to be forever, you can always review it down the track as things improve. renting a meeting space for clients, or meeting them at thier workplace is a good option, often clients appreciate you going to them, depending on the nautre of the business. good luck and keep chipping away at it, you are doing great. I think go for the home office keeping in mind the good advice above about maintaining a professional workplace, but I think you have what it takes to manage that. It would save you a lot of money and it does not need to be forever, you can always review it down the track as things improve. renting a meeting space for clients, or meeting them at thier workplace is a good option, often clients appreciate you going to them, depending on the nautre of the business. good luck and keep chipping away at it, you are doing great.

]]> By: Jay http://www.debtkid.com/questions-and-decisions/comment-page-1#comment-1413 Jay Tue, 24 Jul 2007 14:51:30 +0000 http://www.debtkid.com/questions-and-decisions#comment-1413 Uh... aren't you already working in a "home office" right now (think about it... you are!)? If the move would save you money in the here and now, I'd consider it. You can always move the business back out later. I do like the suggestion to have a meeting space you could rent when needed, that makes sense. Uh… aren’t you already working in a “home office” right now (think about it… you are!)?

If the move would save you money in the here and now, I’d consider it. You can always move the business back out later. I do like the suggestion to have a meeting space you could rent when needed, that makes sense.

]]>