Old 04-10-2013, 05:12 PM
  #7  
seamstome
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Join Date: Apr 2010
Location: Illinois
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I have owned my own non quilti gn business for 35 years. A few points. First consult with your local SBA. Second you currently need to add 40% to your current income to make the same being self employed. FICA 401k vacation sick leave holiday pay employer paid insurance ALL GONE. Add 10 hours a week to your schedule for paperwork. Finally debt will put you under if you work for yourself. No debt. Low mortgage no car payments no consumer debt and 18 months cash reserves then you can think about starting a business. No toys with payments
That being said I love owning my own business

Last edited by seamstome; 04-10-2013 at 05:17 PM.
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