fuckwaffle
~Watch the Birdie~
- Joined
- Jan 19, 2009
- Posts
- 1,781
My first company I started, I had a partner, was back a long time ago. I…We had some generous investors that fronted us some money to start with. That first year was actually very profitable. We didn’t have to deal with government interference or regulations. There was the local protection racket to deal with, but by and far they were just a nuisance and easily dealt with. Much easier than in later days, we would find the government to deal with.
We found that first year to be fun and profitable. Each night as we closed, we would count our take. Hold back enough to start the next day, put aside that amount our investors would be getting and split the rest between us. We always went home with jingle in our pockets. Our investors, generous as they were, supplied us with our raw materials each day. This was way before just in time supply, was coined.
Each day we produced our product and sold it for a profit. There came a time that we needed to expand our operation, our current quarters were no longer serving our needs and we wanted something a little flashier. Our investors came to our rescue. They had lying around some materials, which they had obtained during a buyout of another business, that they were willing to allow us to use to construct our new base of operations.
When our doors reopened business almost doubled, our new location was perfect. The traffic to our business was such that sometimes we even had people lined up. We thought about hiring more people, but neither of us wanted to give up a portion of our profits, so we tried to work smarter. One of our investors kept meticulous records and at the end of the year computed our total profit. Needless to say, we weren’t millionaires…yet.
The second year, it became a little rougher. Our investors stopped supplying us with our raw materials, but still didn’t require much in return on their investment. So with what little profit we had left over we had to purchase our raw materials. There after when we calculated the days take, we had to set aside enough to purchase the next days raw materials.
Even though business was the same as the first year, our profits fell, due to the fact we now had to purchase our raw materials. We decided a price hike was in order to keep our profit margin the same as the first year. Then the local protection racket also raised its prices, causing us to raise ours. That second year did not go as good as the first, yet we were still profitable.
The third year, was a disaster. Suddenly, the government took notice of our little enterprise. They wanted money for this and that kind of permit. Then there were the taxes and fees. They were worse than the protection racket.
So, without a thought, my cousin and I closed up shop.
The next I saw Jimmy, he was the protection guy, I told him we no longer needed his protection as we were out of business. He shrugged his shoulders and said “Okay” as he walked away.
The government wasn’t so easy to get rid of, they hounded us for months about improper records, fees not paid, blah, blah, blah. If my cousin and I hadn’t only been ten at the time I’m sure we would have ended up in jail. What the fuck, we were only selling lemonade on the street corner. Jerks
We found that first year to be fun and profitable. Each night as we closed, we would count our take. Hold back enough to start the next day, put aside that amount our investors would be getting and split the rest between us. We always went home with jingle in our pockets. Our investors, generous as they were, supplied us with our raw materials each day. This was way before just in time supply, was coined.
Each day we produced our product and sold it for a profit. There came a time that we needed to expand our operation, our current quarters were no longer serving our needs and we wanted something a little flashier. Our investors came to our rescue. They had lying around some materials, which they had obtained during a buyout of another business, that they were willing to allow us to use to construct our new base of operations.
When our doors reopened business almost doubled, our new location was perfect. The traffic to our business was such that sometimes we even had people lined up. We thought about hiring more people, but neither of us wanted to give up a portion of our profits, so we tried to work smarter. One of our investors kept meticulous records and at the end of the year computed our total profit. Needless to say, we weren’t millionaires…yet.
The second year, it became a little rougher. Our investors stopped supplying us with our raw materials, but still didn’t require much in return on their investment. So with what little profit we had left over we had to purchase our raw materials. There after when we calculated the days take, we had to set aside enough to purchase the next days raw materials.
Even though business was the same as the first year, our profits fell, due to the fact we now had to purchase our raw materials. We decided a price hike was in order to keep our profit margin the same as the first year. Then the local protection racket also raised its prices, causing us to raise ours. That second year did not go as good as the first, yet we were still profitable.
The third year, was a disaster. Suddenly, the government took notice of our little enterprise. They wanted money for this and that kind of permit. Then there were the taxes and fees. They were worse than the protection racket.
So, without a thought, my cousin and I closed up shop.
The next I saw Jimmy, he was the protection guy, I told him we no longer needed his protection as we were out of business. He shrugged his shoulders and said “Okay” as he walked away.
The government wasn’t so easy to get rid of, they hounded us for months about improper records, fees not paid, blah, blah, blah. If my cousin and I hadn’t only been ten at the time I’m sure we would have ended up in jail. What the fuck, we were only selling lemonade on the street corner. Jerks
