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Well, no offense, but if that is you in your avatar, from one bearded gentleman to another, you don’t really look like an accountant.....
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I don't look 37 years old, speak fluent Japanese and work for a major aerospace company as a senior engineer when I'm on my street glide with my beard flying in the wind but I do...Well, no offense, but if that is you in your avatar, from one bearded gentleman to another, you don’t really look like an accountant.....
So I have been in the hobby a few years and I am absolutely in love with it, however I really really can't stand my current accounting job. I am considering starting a reef related business. So I would like some ideas that you all would have? Also what needs in the hobby do you reefers think needs to be filled?
I missed other opportunities to do what I love so I want this to go right and no longer just be in it for the money, I want a fulfilling job that makes me want to wake up every morning. So if I can turn my hobby into that I would love some advice on how to start that journey.
This may be a few years down the road, but no better time than the present to start planning, am I right?!?!
That's some solid advice HAHAHAHAMost LFS are pet stores that will specialize in something. Exotic Birds, reptiles, saltwater.ect dont forget the designer dog foods and wild bird seed. Start a Koi pond craze or something. Diversify "Fish Tanks & Taxes Done Here"
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I think that you could definitely have a reefing business without opening an actual LFS. If I were to do this, I would probably dedicate my basement to having a few nice frag tanks and a smaller fish system. There definitely are exporters that will sell you fish even if you don't have a storefront. Without having to worry about the major costs of running a separate building, I think you could keep your costs lower and even develop better relationships with your customers as they can see your personal reef tanks.
I'm in the same boat. Just the start up costs alone are enough to put people in bankruptcy. Then we'll everything he said above! Do your research and then do it again. But if you don't take chances we will never know. Good luck!!!Im going to give you some advice:
I am a Chef. I own a restaurant. I work that restaurant every single day. I own it. I don't have any investors.
Ive heard this a ZILLION times:
"Oh I love to cook at home and Ive heard many times I should open my own restaurant".
Passion does not pay the bills. Simple as that.
I have to worry about payroll, taxes, food cost, labor cost, taxes, taxes, if something breaks, if plumbing leaks, a bad yelp review, unhappy customers, raising rents, lack of staff to hire, training people, the press, staying relevant, bad press, good press, no press... and I haven't even started cooking yet.
If you are willing to gamble it all, go right ahead. You might as well light that money on fire.
I bet you wonder why I do what I do if in complaining about it.
Because I know NOTHING else. I don't have any options. It is my job. Do I love it? Sure. Do I hate it sometimes? Yes.
Im not telling you what to do with your money. I am just telling you passion doesn't pay the bills.
I've been in the hobby almost 15 years and there have been times I thought of getting into the industry but the fear of destroying my hobby has stopped me. Each passing year of working jobs I don't like, up to and including running a business makes me consider it more.
Personally I'd like to have a coral farm and just sell large orders to stores if I could. My location limits me now since I'm not near a major airport but I do hope to move eventually. Different in the US since real estate can be a lot cheaper, but maybe you'd be happy making $15 an hour working at an LFS. If I could do that somewhere and actually own a house I would consider it, but not possible here.
$15 an hour working at a fish store?!!!!! where????
Well min wage is $14 in the province of Ontario. I really don’t know what employees of non chain fish stores make but I would imagine it’s at least slightly above min wage or no experienced reefers would want the jobs.
that is so me i feel you so hard on that lol that was probably the stupidest sentence i have ever written but its the truth. i love to work with my hands and could never be stuck doing something inside all day at a desk. i need to be free!Definitely respectable, but I am not sure if its for me. I dont know if I can just keep doing constant office work where I dont work with my hands a bit.
Lol I just started but i work at rodefer moss in east tnMy first question is WHERE? My second question is can I work for you? By the way, I'm also an accountant... ;Joyful