Tuesday, February 28, 2006

 

I must be feeling chatty...

3 posts in one day. I'm stoked right now as I just got my new book from Amazon: GenXpat (the title alone is worth the purchase) and I'll be reading throughout the week. That's not why I'm writing right now, however. I'm engaging in an internal debate right now, and I need to type things out. Before I took ill, I was in the research phase of starting a small business: SOBE Convertibles. I believe I've written on the topic before on my blog. While the idea had merit on paper, I don't have the captial or the time to really make it work. Ergo, it fell by the wayside. Moreover, after some research, the idea itself may not have been as good as I'd hoped. I dodged a bit of a bullet on this one, it seems. With this change of heart, I gave up on starting any kind of business, but I have to assume some of that was the product of bieng sick. As bad as I felt physically, the psychological impact was worse. Once I started to feel better, the prospect of starting a business popped up again. Also, I did my taxes and although it didn't hit just yet, I am nearing the dreaded Alternative Minimum Tax, which will impact me at some point. Thus the starting a business thing comes into play. Keep in mind this side business would be a write-off for the fisrt 3 years or so, and enable me to LOWER my income so I don't hit the hated AMT. However, there's a lot of work to starting a business, and what I thought would be a good plan turned out to be crap. Also, I do have a moneymaking plan on the side, and it's called the Ren Faire. I wouldn't want any side thing to interfere with the $$ I make from Faire. This assumes I'll be back, but that shouldn't be at issue. I really made decent loot at the Faire, and even managed to save most of it. When people ask me what I did with the money, I show them my laptop and grin. I even think about buying one of the rides or helping one of my artsy friends open a booth the the Faire, but I don't know how much that would cost. This way I could both own my own business and still pour beer. Mickey would cringe at that last sentence. There's much to debate, but there's no real rush to the mental proceedings. Basically I need another good idea (one with legs this time....) or I could take over a successful side business outside of the Faire. For some reason I was looking at a booth at the Pocono flea market, but I'm not sure. I'll need to talk to my brother before we begin anything and perhaps others. More later.

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