Business Opportunities Weblog

September 2, 2003 by Dane Carlson | 0 Comments

Home Based Business Opportunities:

Tony is a computer programmer who always wanted to be “on his own.” One of his co-workers, Kevin, felt the same way. On their lunch breaks they often talked of the day when they’d be calling the shots and making all the money.

Before long, they got the guts to tell their employer they were quitting to start their own business. They didn’t know much about paperwork, but Tony’s brother-in-law, Kyle, who worked for an insurance company, always seemed to know a lot about “how things worked” in the business world.

Kyle told Tony that the business didn’t need to do anything fancy to operate as a business. They could just run things as an informal partnership — they each contributed 50% of the start-up funds and they agreed to share equally in the profits.

When it came to bookkeeping, Kevin’s wife Jennifer agreed to take care of things. She was a bookkeeper at her regular day job and so that was fine with Tony.

The business took off and within a couple years Tony and Kevin were making more money than they ever made as employees. In fact, the partnership had to hire several employees to handle all the work.

Tony thought things were going fine until Kevin showed up at a job one day drunk as a skunk. A few weeks later, Kevin literally disappeared, never to be heard from again.

In Business Structures, Posts | 0 Comments