posted on Aug, 10 2012 @ 09:32 AM
Originally posted by RELDDIR
reply to post by jimmyx
Just a question of integrity. MAN to MAN. Why don't you open your own business in California? I want to come and see how you do. Don't give me
BS, like the bank won't give me a loan. If you can do it, I will admit I am wrong. Are you up for the challenge?
uhmm... i did, in 1987, it was a vending business where my biggest competitor and the company that drove me out of business was PFS...pepsi food
it wasn't the taxes that did me in, it was pepsi coming in and selling at cost, so that I, along with many others, had to sell out and move
on....been there, done that.
i paid quarterlies, franchise, etc. taxes on time...i had depreciation write-offs of 3, 5, 7 yrs on my equipment, set up depending on "type"...i did
my own bookkeeping due to the fact that i was a thrifty drug store manager for 10 years...the "books" were tedious, but fairly easy
i started with close to 30k...built it up, and was making a decent living, until (PFS) came to town and undercut alot of us, with there massive
equipment buying power, along with their predatory pricing.