I've been bullshitting on this shit for YEARS. I have all the qualifications, necesarry for a small start up operation, including a few prospective clients. I just haven't been really on it.
A couple of hard knocks later and now I'm ready.
I'm counting on y'all to keep me honest.
So I reached out to some entrepenuers I know, and they actually need some help. They want to get their books built up, regular accounting, etc.
I'm pretty sure I can handle all of this on top of my 9-5. They hit me back today, asking for solid prices.
I hit them w/the per hour rate, then the montly rate, which are less, but slightly more money upfront. I've worked w/these cats before and know what they want and how they want it. More importantly, they've know how I do. This won't be a tough sell, but I WILL have to work out the prices.
After this, I intend to push hard with the tax business I've been back burnering, and the restaurant I've been str8 procrastinating on. With luck, I'll be able to nail down this bowling alley I've had my eye on for years. I'm making a MAJOR push next year. Wish a brother some luck, give me advice, keep me honest & Stay tuned....
4. "Ok, It's Monday, still haven't heard anything." In response to Reply # 0
On the one hand, I'm not TOO concerned. They move a lil slow. Still tho, man, I'm already budgeting that money - lol
I wanna know what's up. How soon is too soon to check back in? Admittedly, I'm not the best/most experienced sales person. I was thinking, that if I don't hear anything by tomorrow morning, that I'd shoot them another line, checking in on them?
That would be a wait of 3 business days.
I think I just answered my own question - I should give it a solid business week, huh?
Someone more well-versed in interpersonal dynamics, holla at me.
7. "Ok.... New shit." In response to Reply # 0 Wed Jul-11-12 10:27 AM by spades
Well, 1st off the IRS is being a BITCH w/these new RTP requirements. I'll have them nailed down buy the end of August.
I've located a great location, LOTS of car traffic, RIGHT next to the only ATM in the neighborhood, in a vibrant neighborhood. They have a tax return office not too far from here, but I think we can beat their price point, ESPECIALLY w/our relatively low overhead.
The land lord is BULLSHITTING tho. It's taking FOREVER to get details re: actual office space/lease terms, etc.
I'll suffer through it.
Also, I've yet to hear back from the prospective accounting client I THOUGHT I had lined up earlier. I followed up w/them a bout a week after the initial contact, they hit me back talking about they were likely a few weeks out from needing me yet, but they'll be in touch. I'm not really sure what's going on there. They may have decided to go elsewhere, or (more likely imo) I over-estimated their progress so far and they don't quite need me yet. I may still hear something yet.
Sent my propspective clients and e-mail last night, checking up on 'em. They say they need help accounting wise and were JUST thinking of me. We're setting up plans to meet. This represents a likely 1st time payment of $500.00 and probably between $500 & $1000.00 monthly. This meets my requirement for monthly rent on my space by itself, before I even get into tax returns.
Which, I haven't even started paying for yet. Assuming we start up in September, I 'll have a good 3 months of this revenue before I have to pony up for my space.
Ok, the landlord got back to me, they estimate the space at 314 sqft, which would put my rent at $471.00 per month (I've seen the space, I doubt it's actually 314, I'm thinking no more than 250, but no need to be argumentative yet, I'll measure it when we do the walk through and address it before the paper work is signed.) Adding in my equipment rental @ $150.00 (give or take) and that places my overhead costs at about $621.00 per month. I'd have to process about 15 single filer tax returns per month to cover that.
Piece of cake.
Also, in reaching out to my people's I have a CPA who is willing to do the business taxes on a contractor basis, AND an EA (Enrolled Agent, not quite a tax atty, but close) who will also rep clients for me.
What's left to do...
Walkthrough of the space Verification of measurements Lease signing/deposit, etc. Website, re-up Tax software re-up. RTP credentials re-up w/the IRS
12. "Do you need to rent space from the jump?" In response to Reply # 8
You can support your initial business clients from home (the woman that does my books has worked from home for several years) and you're likely only going to get foot traffic from individual filers between January and April (my local HR Block is only open by appointment outside of tax season).
14. "Gave up on my last rental prospect." In response to Reply # 0
So now I'm in a new building.
300 sqft for $1.15 pr/sqft, all utilities and Janitorial included. The space is completely built out, w/an office already included. The want 2 mos rent up front ($690). I have ALL the software and equipment already. I'll have to rent some office furniture, but other than that - I'll be fine.
I MAY have an appointment to view the space tonight, afterwork, so I'll have a better idea of how we are proceeding from here on out.
BTW, FUCK dealing w/black folks. I've been chasing that other venue for like 3 months. This white cat got back to me w/ all the info THEY STILL haven't gotten back to me like 6mos later, dude got all this for me in like 1 week.