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Posted: 8/21/2006 12:07:41 AM EDT
I just closed my gemstone business and now I've got to make some decisions.

I live in a tourist town and have several retail ideas that might work here. This is probably the biggest risk, but most likely to be closest to doing something I LIKE and still having the freedom I'm accustomed to.

I have some ideas for a bar and if there's a town where a good bar will make money it is here. The last bar owner I knew was pulling down 20 grand a weekend. The downside is of course always being around drunks, liability and never being home with my wife at night. No more long vacations either.

I can also open my own timeshare marketing business. It's what I used to do, and is what my wife currently does. Her business pulled down almost half a mil last year. I don't intend to go anywhere near that bigtime as I don't want employyes and tons of contracts and stuff. Just a small place. Even at "failure" levels I can make 3-5 grand a month, work whenever I want and continue to have the 2 month vacations I'm accustomed to. The down side here is i don't really fit in in that industry. I'm good at it, but it's something I'm good at IN SPITE of who I am instead of BECAUSE of who I am.

Last option, I was offered a job managing a tattoo shop. Being like 40% covered in ink, this is obviously somehwere I will fit right in. The pay is.....nominal but guaranteed. I'm looking at 2k a month this way. Basically keeping an eye on the bottom line, watching theft, doing accounting. The same stuff I have always done, just for somebody else. This gets me 2 weeks vacation, a guaranteed check....and let's be honest, it's not really "work." Somebody is going to pay me to be myself.

The bottom line is....I don't really HAVE to do anything for money, but more for my peace of mind. I'll go nuts if I'm not productive in some way. In my position what would you choose?

Do I give up the vacations in favor of a smaller guaranteed paycheck? Take risks in favor of being my own boss still? Do something I'm not all that cut out for but pays well? I need to reach a decision sort of soon, so i can at least tell the tattoo shop no on their offer and not leave them hanging if I decide not to help them out.

Link Posted: 8/21/2006 12:13:16 AM EDT
What do you think will be viable in 5 years? Think you'll still be comfortable and satisfied with any of those down the road a ways? Which one?

There's your answer, if money isn't the principal concern.

If I could get away with it, I'd do something that was less stress for less money, but I don't have the luxury. So, I soldier on as a leading man in the porn industry until something more exciting comes along.
Link Posted: 8/21/2006 11:47:40 AM EDT

Originally Posted By swingset:
What do you think will be viable in 5 years? Think you'll still be comfortable and satisfied with any of those down the road a ways? Which one?

There's your answer, if money isn't the principal concern.

If I could get away with it, I'd do something that was less stress for less money, but I don't have the luxury. So, I soldier on as a leading man in the porn industry until something more exciting comes along.


I don't know if any would be viable in 5 years. Running a business is like that. I figured I'd stay in the gemstone wholesale business forever and that lasted about 6 years. I'm sure a bar might still be viable in 5 years, but I'll also probably be so burned out on running one that I might close it. Anyway, I've always been a hustler, so finding something new to do later is not that big a deal. Any of the above would probably last long enough.

As far as the money thing, yeah it's not really a concern but I don't want to lose any money. Not making a lot of money is fine. I don't want to blow 20-50 grand on failure of course.

Retail is probably the biggest risk on the list but is most likely to be the easiest business to run if it succeeds. The bar is relatively little risk, but a big initial investment and like I said, lots of shit to deal with. Bar fights, employee theft, liability for drunk drivers, and generally being around idiots 24/7.

The timeshare thing....won't fail but may not succeed big. Either way, that business is going to cost me less than 5 grand to run for 6 months. I will probably make that in one month, I'll just be semi miserable doing it.

The tattoo shop is easy money....however...even though I don't need the money I'd feel I wasn't living up to my maximum potential if I didn't at least TRY to make more money. I'm also not sure how I'm going to like being employed by someone else and accountable to them. That's probably the main thing. that, and no more long vacations.



Link Posted: 8/21/2006 11:50:50 AM EDT
Buy some acreage near Branson or Mt. Home, AK
Link Posted: 8/21/2006 11:52:30 AM EDT
If you have any serious thoughts about owning a bar, IM me. I'll tell you the truth and the horror stories
Link Posted: 8/21/2006 11:56:39 AM EDT

Open a bar next door to the tatto parlor.
Do the bar with a AR15COM discount
Do the bar, hire some good people and have them as a buffer between you and the morons.
Link Posted: 8/21/2006 12:30:16 PM EDT
1.) Forget the Bar, way too many negatives & a possible marriage ender.

2.) Forget the tattoo parlor. The pay at 2K per month is not nearly enough for what you would be responsible for. The salary should be at least twice that much for you to even consider it. Your skills are worth much more than they could ever pay you.

3.) You sound like a sharp go-getter. Either start a new business, or go into some type of commission sales where you can make as much money as your talent allows.


Good luck!

Link Posted: 8/21/2006 12:33:08 PM EDT
I'm still waiting for the city near me to be zoned for nude bars, I have some land in that area, I could make a killing. Plus who doesn't want a carrer that involves booz and boobs...
Link Posted: 8/21/2006 1:12:56 PM EDT

Originally Posted By Chowdadi:
1.) Forget the Bar, way too many negatives & a possible marriage ender.

2.) Forget the tattoo parlor. The pay at 2K per month is not nearly enough for what you would be responsible for. The salary should be at least twice that much for you to even consider it. Your skills are worth much more than they could ever pay you.

3.) You sound like a sharp go-getter. Either start a new business, or go into some type of commission sales where you can make as much money as your talent allows.


Good luck!



That's pretty much in keeping with the thoughts I've been having. I had considered the fact that a bar might be a marriage ender. Either that or me and my wife end up at the bar all the time and live sort of a fucked up life.

The tattoo shop is grossly underpaid, but the reason I considered it was that I would be getting a check regardless and that it's not my business. It would be nice to not have to worry about pulling money out of thin air for a while.

In spite of the fact that I hate the timeshare idea, it seems to be the least risk for the most reward. I hate being accountable to a boss and asking permission for vacations and days off. At least if I do the timeshare marketing gig, I can take a day off when I want and close down all winter.

I guess I'm kind of stuck in limbo, since I wasn't planning on closing my business anytime near as soon as I did. I have a million options but right now all of them kind of either bore or scare me. I'm not into taking any huge risks right now but I also want to do something challenging and with the potential for greater rewards. I really have no idea what to do. Everything I really WANT to do is not going to fly here or requires more money than I have to lay down. Ideally I need a quick money hustle to put together a larger sum of investment money to do something I really want, like a public aquarium.
Link Posted: 8/21/2006 1:17:11 PM EDT

Originally Posted By FZ1Steve:
Open a bar next door to the tatto parlor.
Do the bar with a AR15COM discount
Do the bar, hire some good people and have them as a buffer between you and the morons.


Exactly... Find some people you trust!! PAY them well and you enjoy the luxury life!!
Link Posted: 8/21/2006 3:27:00 PM EDT

Originally Posted By manchu39:

Originally Posted By FZ1Steve:
Open a bar next door to the tatto parlor.
Do the bar with a AR15COM discount
Do the bar, hire some good people and have them as a buffer between you and the morons.


Exactly... Find some people you trust!! PAY them well and you enjoy the luxury life!!


That might be a problem. Finding people you trust to run a business, let alone a business involving lots of money isn't something that just happens. There's no way I'm banking my 50,000 dollar investment on trust in strangers. Lots of people are trustworthy until it's time to pour a couple grand in free drinks and skim your til. Not to mention, if any of those people were capable of running my business, they'd probably already be running their own.

In other words, if I open a bar, I'll be there 24/7 making sure nobody is doing things they shouldn't.
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