Our Self-Employment Progress This Week

Posted by Scott in Scott on November 14, 2009 | 3 comments

Every day is getting better and better because each day I get closer to the time when I can quit my day job. Every week, we set up our goals and knock ‘em down. And this week was no different. Not only did we nail down things on our list, we also got to some other things.

I can really feel them momentum building. It seems like it took so long to file papers and set up our LLCs. The process could have probably taken less time but I’m still working 40 hours per week at my day job. Plus, sometimes we had to wait for other people to process papers. These things take time, no matter how fast you want to go. Fast or slow, we’re making progress every week.

Here’s what we got done this week:

• We met with a CPA
• I registered my fictitious name (at the state level)
• Continuing health insurance research
• Selected a WordPress theme for our blogs
• Studied at the Internet Business Mastery Academy
• Research and development for our blogs
• Set a launch date for our blogs

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Our Self-Employment Progress This Week

Posted by Scott in Scott on November 7, 2009 | 2 comments

Guess what? We actually began doing some of the fun stuff we’ve been looking forward to doing. YES! Over the past few months, we’ve been so busy planning, and checking off all the boring (but absolutely necessary) steps needed to start off with really strong business foundations.

If you are starting a work-from-home business and you’ve chosen the path (rather, adventure) of starting an LLC and all that goes with it, I suggest you keep up with our weekly progress reports. You’ll get a really good overview of the process as we share what we’re doing every week toward starting our own online businesses. But what’s more important, don’t just read what we’re doing, go out there and start a business online. So many people say they want to but don’t know where to start. Well, HERE is the place to start…and NOW is the time to start! Our progress this week was comprised of the following:

• I registered my fictitious name (at the county level)
• More health insurance research
• Researched WordPress themes
• Studied at the Internet Business Mastery Academy

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Our Self-Employment Progress This Week

Posted by Scott in Scott on November 1, 2009 | 2 comments

We made some good progress over the past week and scratched a few more items off the list. A little while back, we started off with a long checklist of steps we needed to take in order to start our businesses, and each week we’ve been crossing things off the list. It a great feeling. Tammy and I like to talk about where we could be in a few months at our current rate of progress, and what our lives could be in 6 months to a year. We’re very optimistic but we also keep ourselves in check.

If we were both in our twenties and had fewer responsibilities and obligations, we may have taken a different route to become self-employed. But at this stage in our lives, we are very careful and thoroughly analyze every option before we make a decision. It’s too easy for unexpected bumps to appear in the road so we like to plan with an eye on security. And the greatest security I know of is to be financially self-dependent; to be responsible for your own sources of income rather than be totally dependent on your employer’s business doing well, or the economy remaining stable and not losing your job. Considering the fact that so many people’s lives have been uprooted due to losing their jobs, it seems like less of a gamble to start a business while I continue to work 40 hours per week at my current day job. So we keep chipping away at our business To-Do list. So for this week, here’s what we’ve done:

• Met with our attorney to review and approve our Operating Agreements for our LLCs
• Tammy registered a “fictitious name” or DBA (“doing business as”) for her website and filed it with the SCC (State Corporation Commission)
• Opened business checking accounts
• Reviewed Business Group Health Insurance Plans

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Our Self-Employment Progress This Week

Posted by Scott in Scott on October 24, 2009 | no comments

Step-by-step, we’re getting closer to having all the detail work completed. But the details are essential to starting an online business. Of course, the details can also be boring, frustrating and tedious. What’s the detail work? Things like filing articles of organization to establish an LLC (Limited Liability Company), obtaining a business license, setting up business checking accounts, and much more.

If you’re visiting A Couple of Quitters for the first time, here’s a summary of who we are and what we’re doing: I’m Scott and, along with my wife Tammy, we’re starting work-at-home businesses so we can quit our jobs and live the lives we always hoped for. Our businesses are online or Internet-based businesses. Guided by the Internet Business Mastery Academy, we’re following a proven plan which should result in both of us having successful Internet businesses. The Academy is filled with courses that lead you through each step of the process and includes tons of audio and video guidance at every step of the way. Each week, we post updates with general details about the steps we’ve taken toward establishing our businesses. We offer our own observations and lessons we learn along the way, plus our own suggestions for helping you navigate through the process too. Here’s a rundown of what we did this week:

• Met with a small business attorney
• Talked about health insurance options with a local broker
• Obtained health insurance plans from an NFIB Member Health Insurance Plans representative
• Obtained our EINs (Employer Identification Numbers)

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Our Self-Employment Progress This Week

Posted by Scott in Scott on October 17, 2009 | 2 comments

This week was yet another productive week of moving forward in our business goals. A lot of the work we’re doing has to be done using good, old-fashioned leg work and snail-mail. When you’re excited about moving forward as quickly as you can, it’s very easy to get impatient. I was eagerly watching the mailbox every day, just waiting for some kind of confirmation about permits and licenses. When we finally got the confirmation I was all freaking out about, it came in the form of a message on our answering machine. So I was watching the mailbox for nothing! I could hear Yoda saying, “Patience you must have if a successful Internet business you’re going to create.”

These tasks are from our Internet business start-up checklist and they’re all required in order to create our formal business entities. We’re knocking them down, one by one and it feels great! Every completed task brings us closer to our goal of launching an Internet business so we can quit our day jobs and work from home. The cool thing is, if we can do it once, we can do it again with other business ventures. This is our strategy which we see as a way of diversifying our income streams and increasing our chances of long-term success. Here’s a rundown of what we accomplished this week:

• Zoning permits approved and picked up
• Filed our business names with the county court
• We each purchased a business license
• I spoke with a NFIB Member Health Insurance Plans representative (more about this below)

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Our Self-Employment Progress This Week

Posted by Scott in Scott on October 11, 2009 | 2 comments

The two words that best describe what this week was like would be: Researching, and Waiting. We’ve been researching Health Insurance options over the past week. This is helpful and necessary, as well as eye-opening. I’ll talk about that more in a minute. We’ve also been waiting…and waiting. Tammy and I applied for zoning permits so we can legally do business from our homes. Since our neighborhood is zoned “residential, we need to obtain zoning permits to do business in a residential area. Could we have started Internet businesses without going through this process? Yes, but there are benefits to taking this route. I’ll talk more about those benefits below.

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