Qustions on running a new business?

[Rash]

So i'm starting a new snow cone making business. I save my money and bought a $20 ice shaver and grandma bought the raw materials. Sugar, syrup, flavors, cups and ice. Then, I realize I need help marketing and production of snow cones. So I get my brother and two step brothers to help. Who should get the most money?

[Rash]

It's serious bucks too, we made $9 the first day. Also, if one of the partners drops the ice shaver, who pays for the damage? Someone said something about insurance?

[Masherbrum]

Might want to check out the woman from McCandless, PA who smashed windows from a Target store.    They wouldn't return her two ice cream machines...

She could give you some pointers.

[Skyguns MKII]

im curious, how old are you? i can give you the bare basics

[Rash]

48

[Rash]

Nephews in a business fight.  He's  8 (he's the one who saved his money), then 9, 12, and 13 years old.


Rash

[5anders]

 

This thread wins.

[Rash]

I haven't told them about lawyers and tax yet.  Or if grandma passes.


Rash

[guncrasher]

better yet, get popcicles.  30 to a $3 bag and you can sell them for 50 cents.  that's how I made my money in highschool.  I would bring 10 to 12 everyday and sell them in the cafeteria in about 5 minutes before school starts.

semp

[Rash]

How did you get them to school frozen?  It's 103f here today?

[guncrasher]

at 7 am?

semp

[Rash]

good point, it's only about 85 at 7am.

[MaSonZ]

good point, it's only about 85 at 7am.

cooler...

[The Jekyll]

Sell the machine to an investor for $30 with a promissory to rent the machine back for $1 monthly, minimum 24 months. Take the $10 profit and hire a good attorney to license and LL C in your state with the Secretary of State. Exchange 10% shares with the two brothers to perform the marketing which leaves you 80% ownership and them with 10% ownerships. Be sure to show a good marketing plan with street corner locations, times of operations, grandmother cookie donations as rations in kind in lieu of work. Once your up $100 sell the remaining 80% to your two step brothers for the original $20 plus the 150% growth for a total of $90 but remember to bind them to the remaining promissory. That's a good 450% profit for your investment and your brothers can thank you for the business by providing free icy drinks as long as they own the business!

[CAP1]

just tell them you need a bail out.