This could be interesting.
A business and maybe could hire a porc or two to help run it.
http://nh.craigslist.org/bfs/304580703.html
I wonder if it has to come with all the special deals they have with the local government to park there.
Those types of things are always good for the fair circuit.
Mmmmmm.... Bratwurst und Brotchen, mit Sauerkraut und Senf.... *drool*
That's cool. I hope they could be persuaded to put the business (all its assets at least) into a New Mexico Invisible LLC (http://www.keepyourassets.net/FAQ.html). The reason is that doing so would make the business into a "single package" as far as the sale is concerned. The new owner would have some very good legal protections against lawsuits, plus he would be able to simply "take over" any financial accounts, service contracts with other businesses, etc., if the previous owner allowed it.
This is a common practice amongst some savvy entrepreneurs: Build a business up, then sell it to someone as a "turn-key" system, often using an LLC to make title transfer easy. The seller benefits from the income, plus the relief from the hassles of "going big", while the buyer gets a fully up and operational enterprise without having to take on the risk and expense of building it up to a profitable level.
This concept is further outlined in JJ Luna's book, Skip College: Go into Business for Yourself (http://www.howtobeinvisible.com/index.cfm/page/Books/#skip). I'm sort of doing this, but more unofficially, as I'm not sure exactly what I want to be doing with my life (I'm in college now).
Is anyone here seriously thinking about taking this opportunity on?
Quote from: powerpenguin on April 03, 2007, 06:43 PM NHFT
Skip College: Go into Business for Yourself (http://www.howtobeinvisible.com/index.cfm/page/Books/#skip). . . . (I'm in college now).
+1 for the irony. ;D
If I were in NH and had the cash available, I'd certainly consider it.
I know it is ironic. I'm 3 years in, too late to give up now at 38k/yr.
Quote from: powerpenguin on April 04, 2007, 04:16 PM NHFT
I know it is ironic. I'm 3 years in, too late to give up now at 38k/yr.
This is sometimes called the sunk cost (http://en.wikipedia.org/wiki/Sunk_cost) fallacy.
Why are so many people here higher ed haters? How many have degrees? Error, I'm not attacking you personally, but I have found a lot of value in my education. No, it will not directly help me get into a career (I don't want to specialize in force-management), but I feel that the best way to reform and/or break the current system is to learn as much about it as possible. As the cliche adage goes, "know your enemy". College also helps one develop a lot of critical thinking and writing skills that are very important in any career, and even just for life in general.
If you're actually getting something out of it, then by all means continue. But your post hinted that you were NOT getting out of it anywhere near what you paid in.
Quote from: powerpenguin on April 05, 2007, 01:50 AM NHFT
Why are so many people here higher ed haters? How many have degrees? Error, I'm not attacking you personally, but I have found a lot of value in my education. No, it will not directly help me get into a career (I don't want to specialize in force-management), but I feel that the best way to reform and/or break the current system is to learn as much about it as possible. As the cliche adage goes, "know your enemy". College also helps one develop a lot of critical thinking and writing skills that are very important in any career, and even just for life in general.
I for one don't hate higher education. I have a BS in biology.
I think that the problem nowadays is that so many kids go to college when they don't need to, the end result is a second high school. Would you consider it a wise Idea to spend $38,000/yr on
High School?
Another thing to remember is that the cost of education has risen faster than inflation, and just like Health Insurance, it has done so because of Government interference. Government Loans to students and Government Grants to students mean that there is no chance of not receiving money for each student, there is no fear of failure, or concern of how to properly budget. So campuses start to sprawl and money is spent willy nilly, because it is after all in their minds, just government cheese (which will never run out).... Which smiley is for sarcasm again.
I got really bitter right there so I'll stop.
Quote from: powerpenguin on April 05, 2007, 01:50 AM NHFT
Why are so many people here higher ed haters? How many have degrees?
BS Accounting
I would not do it again .... and my degree did lead directly to a career.
Quote...but I feel that the best way to reform and/or break the current system is to learn as much about it as possible.
That is what they keep telling you. :)
I can tell you to sell all your possessions and move to Keene to join the revolution and I wouldn't even be making money off of you.
The government tells you to go to law school ... to run for office ... to get politically involved .... they know none of those things will end their power.
I agree with error about the "sunk cost" could I recommend reading any of Warren Buffett's letters to his fellow stockholders. (he just came out with a new one)
I'll be moving to NH in '08, sometime between June and December. I'll be giving away/selling probably about half my possessions (I don't have a TON of them anyway) and moving over there. Russell you were in MT before you moved? I know this is OT.
i dont know about NE/East coast... but the fair/show circuit around here makes it not even worth it. beyond all your "papers" the actual entry fee for concessions is astronomical (all vendor fees are getting out of hand.. concessions is just the worst)... plus most venues take a % of sales on top of your already high vendor fee.
Out here you are paying $2 for a reg size drink, $5 for a hamburger, & all the yummy specialty food is more (phillies, gyros, etc..).
They don't charge those prices to get rich... most of it goes to overhead & fees. 1 guy I talked to last year said he lost $500 setting up for the 1 day show we were at & from what I remember he had a decent crowd most of the day.
Make sure you do your research if you are really considering this & ask this guy for financial statements showing earnings from the last couple seasons.
Quote from: powerpenguin on April 05, 2007, 06:53 PM NHFTRussell you were in MT before you moved? I know this is OT.
Yes .... and no.
to me almost all topics lead to ...... so what are we going to do? .... and then doing it. :)
this cart sits right off main street in Keene in front of the railroad tavern .... they must pay the city for the spot
I think these ventures can be moneymaking if you are not limited to the fairs. If you can arrange and pay a yearly street vendor license to the town, it can be very worthwhile.
Cathleen
I will agree w/that statement. I know the regular hot dog vendors in our downtown area clean up.
Well they used to - now just 1 guy cleans up because of the local "mafia" getting rid of all the independant competition.
If this is what this cart is doing & the city's "permission" is cheap enough then go for it.
Dang what a scam! :(
As has often been said, a boat is a hole in the water which you try to fill by shoveling in money.
The other famous saying: the two happiest days in a man's life are when he finally buys the boat he's dreamed of, and the day he sells it.
Gotta admit, I'd love to have a party barge on Winni. But it's just not a big priority until the lottery hits.
Quote from: SpeedPhreak on April 05, 2007, 07:31 PM NHFT
ask this guy for financial statements showing earnings from the last couple seasons.
Hear, hear!
Never buy a business without a few years' worth of financial statements.
Look at the numbers with a critical eye.
Personally, I'd go over them with a pro as well. Same reason you take a car to an auto mechanic before buying it.
Quote from: d_goddard on April 08, 2007, 09:12 AM NHFT
Quote from: SpeedPhreak on April 05, 2007, 07:31 PM NHFT
ask this guy for financial statements showing earnings from the last couple seasons.
Hear, hear!
Never buy a business without a few years' worth of financial statements.
Look at the numbers with a critical eye.
Personally, I'd go over them with a pro as well. Same reason you take a car to an auto mechanic before buying it.
Good advice, Goddard. I didn't think of this right off, but that would be critical to do.
Quote from: powerpenguin on April 08, 2007, 04:05 PM NHFT
Quote from: d_goddard on April 08, 2007, 09:12 AM NHFT
Quote from: SpeedPhreak on April 05, 2007, 07:31 PM NHFT
ask this guy for financial statements showing earnings from the last couple seasons.
Hear, hear!
Never buy a business without a few years' worth of financial statements.
Look at the numbers with a critical eye.
Personally, I'd go over them with a pro as well. Same reason you take a car to an auto mechanic before buying it.
Good advice, Goddard. I didn't think of this right off, but that would be critical to do.
FYI-- I would be glad to help any Porcs by analyzing financial statements with them as long as they bring over Newcastle with the financials.....
Quote from: Rosie the Riveter on April 08, 2007, 09:58 PM NHFT
FYI-- I would be glad to help any Porcs by analyzing financial statements with them as long as they bring over Newcastle with the financials.....
Are you analyzing the financial statements WITH the Newcastle?!? :o
Quote from: error on April 09, 2007, 12:29 AM NHFT
Quote from: Rosie the Riveter on April 08, 2007, 09:58 PM NHFT
FYI-- I would be glad to help any Porcs by analyzing financial statements with them as long as they bring over Newcastle with the financials.....
Are you analyzing the financial statements WITH the Newcastle?!? :o
That's how she does her best work. 8)
But after whiskey... well, you don't want to arm-wrestle her. She's wirrrrry!
I pour the Newcastle on to the financial statements -- then wave my hands over it -- press the papers to my head and chant wildly. Only after that do the financials speak the truth about the future business viability...
Quote from: Rosie the Riveter on April 10, 2007, 08:58 PM NHFT
I pour the Newcastle on to the financial statements -- then wave my hands over it -- press the papers to my head and chant wildly. Only after that do the financials speak the truth about the future business viability...
Somebody videotape this!
Quote from: Rosie the Riveter on April 10, 2007, 08:58 PM NHFT
I pour the Newcastle on to the financial statements -- then wave my hands over it -- press the papers to my head and chant wildly. Only after that do the financials speak the truth about the future business viability...
I was at Newerk's Saturday waiting to yell: "There's Rosie!"...........but........she didn't show! :'(
Quote from: Lloyd Danforth on April 11, 2007, 06:59 AM NHFT
Quote from: Rosie the Riveter on April 10, 2007, 08:58 PM NHFT
I pour the Newcastle on to the financial statements -- then wave my hands over it -- press the papers to my head and chant wildly. Only after that do the financials speak the truth about the future business viability...
I was at Newerk's Saturday waiting to yell: "There's Rosie!"...........but........she didn't show! :'(
I work Saturdays :'(
I used to work as a vendor. Half of the money that came in went toward replacing inventory, then I had to pay the lease on the truck and for fuel and vendor permits. I sometimes went to fairs and other events, but usually had to pay a hefty fee to get into events (up to $300/day). I usually worked about 12 hours/day and averaged about $100/day in profit if it didn't rain. On many days I lost money.