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Thread: What does having a welding business involve?

  1. #1
    Join Date
    Nov 2010
    Location
    VA
    Posts
    2,546
    Post Thanks / Like

    What does having a welding business involve?

    I just got in from the day...while some of you lucky ducks were slacking, I was working -- and most of it non-paying. On a Saturday. Tomorrow I'll be back at work on a paying job at 8 a.m.

    I want to put out a list of what sorts of things are fair game for this subforum. I'm cheating and copying this list from the old sticky, but it's good info and nothing has changed as far as relevance. Questions about any of this stuff are what I and other business owners are here for, and this forum isn't just for newbies, it's also for peer-to-peer questions and head-scratching.

    Cut and paste follows below this line. Enjoy!

    1) Insurance
    2) Salesmanship
    3) Estimating
    4) Licensing
    5) Taxes
    6) Vendors
    7) Customers
    8) Safety
    9) Personal Finance
    10) Business Finance
    11) Regulations
    12) Invoicing
    13) Accounts Receivable
    14) Accounts Payable
    15) Bookkeeping Programs
    16) Short, Medium, and Long-Range Goals / Planning
    17) Flexibility
    18) Business Life Cycle
    19) Balancing Business vs Life
    20) Hours Worked: Reality Check
    21) Gross vs Net: Reality Check
    22) Likelihood of Getting Rich: Reality Check
    23) Dealing with Employees
    24) Handling Screw-Ups
    25) Judging Readiness to Jump In by Questions Being Asked
    26) "I'm starting my own business, what welder should I buy?"
    27) Working in the Residential Sector
    28) Overhead, Fixed and Variable
    29) "How much should I charge?"
    30) Working for Friends
    31) Business Classes, Are They Dumb?
    32) "Should I blindly trust business advice given on the interwebz?"
    33) "Who is Stick-Man, and why does he steal from tbone550?"
    34) Working for Farmers
    35) Net 60, or, "Why don't I have my money yet?"
    36) 2%10/Net 30, or, "Why should I pay some of my bills promptly?"
    37) "Why do you guys own your own businesses if all you do is complain?"
    38) "It's 12:05 a.m., why is tbone550 typing this crap instead of sleeping?"
    39) Vacation Time
    40) Sick Time
    41) Personal Time
    42) How to Quit Working for the Man Without Burning Bridges
    43) Politeness: Is it Important?
    44) Skill at Welding vs Skill at Business
    45) The Golden Rule Applied to Business
    46) Mobile Work vs Shop Work
    47) Timeliness
    48) Hiring and Firing
    49) Drug Testing
    50) USDOT and Other Regulations on Mobile Welders
    51) How to Figure Break-Even Points
    52) Buying Equipment: Used vs New, Basic vs High-Tech
    53) Understanding Your Market Segment
    54) Advertising, or, "Did I just smell a Unicorn Fart?"
    55) Reputation, or, "What you do and say Matters."
    56) How to Deal with your Competition
    57) Doing More with Less, or, "Was my old boss right sometimes after all?"
    58) Why Isn't the Grass Greener Over Here?
    59) Statistics, or, "Figures don't lie, but liars figure."
    60) End of the Year Quandary: Spending to "Save" Tax Money
    61) Emergency Funds
    62) Risk vs Risk Aversity in a Business Owner
    63) Cash Flow, or, "Will I eat today?"
    64) Budgeting vs Blowing Money on Frivolous Crap
    65) Retirement Savings, or, "Do I want to be doing this when I'm 80?"
    66) Entrance and Exit Strategies
    Applied Fabrications, LLC

    Mobile Welding / Mechanical Repair in VA's Piedmont & Shenandoah Valley

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  3. #2
    Join Date
    Jan 2008
    Location
    Richmond, Virginia
    Posts
    7,002
    Post Thanks / Like

    Re: What does having a welding business involve?

    tbone55, How you doing these days?
    "USMCPOP" First-born son: KIA Iraq 1/26/05
    Syncrowave 250 w/ Coolmate 3
    Dialarc 250, Idealarc 250
    SP-175 +
    Firepower TIG 160S (gave the TA 161 STL to the son)
    Lincwelder AC180C (1952)
    Victor & Smith O/A torches
    Miller spot welder

  4. #3
    Join Date
    Aug 2006
    Location
    St. Paul Park MN
    Posts
    888
    Post Thanks / Like

    Re: What does having a welding business involve?

    Quote Originally Posted by tbone550 View Post
    I just got in from the day...while some of you lucky ducks were slacking, I was working -- and most of it non-paying. On a Saturday. Tomorrow I'll be back at work on a paying job at 8 a.m.

    I want to put out a list of what sorts of things are fair game for this subforum. I'm cheating and copying this list from the old sticky, but it's good info and nothing has changed as far as relevance. Questions about any of this stuff are what I and other business owners are here for, and this forum isn't just for newbies, it's also for peer-to-peer questions and head-scratching.

    Cut and paste follows below this line. Enjoy!

    1) Insurance
    2) Salesmanship
    3) Estimating
    4) Licensing
    5) Taxes
    6) Vendors
    7) Customers
    8) Safety
    9) Personal Finance
    10) Business Finance
    11) Regulations
    12) Invoicing
    13) Accounts Receivable
    14) Accounts Payable
    15) Bookkeeping Programs
    16) Short, Medium, and Long-Range Goals / Planning
    17) Flexibility
    18) Business Life Cycle
    19) Balancing Business vs Life
    20) Hours Worked: Reality Check
    21) Gross vs Net: Reality Check
    22) Likelihood of Getting Rich: Reality Check
    23) Dealing with Employees
    24) Handling Screw-Ups
    25) Judging Readiness to Jump In by Questions Being Asked
    26) "I'm starting my own business, what welder should I buy?"
    27) Working in the Residential Sector
    28) Overhead, Fixed and Variable
    29) "How much should I charge?"
    30) Working for Friends
    31) Business Classes, Are They Dumb?
    32) "Should I blindly trust business advice given on the interwebz?"
    33) "Who is Stick-Man, and why does he steal from tbone550?"
    34) Working for Farmers
    35) Net 60, or, "Why don't I have my money yet?"
    36) 2%10/Net 30, or, "Why should I pay some of my bills promptly?"
    37) "Why do you guys own your own businesses if all you do is complain?"
    38) "It's 12:05 a.m., why is tbone550 typing this crap instead of sleeping?"
    39) Vacation Time
    40) Sick Time
    41) Personal Time
    42) How to Quit Working for the Man Without Burning Bridges
    43) Politeness: Is it Important?
    44) Skill at Welding vs Skill at Business
    45) The Golden Rule Applied to Business
    46) Mobile Work vs Shop Work
    47) Timeliness
    48) Hiring and Firing
    49) Drug Testing
    50) USDOT and Other Regulations on Mobile Welders
    51) How to Figure Break-Even Points
    52) Buying Equipment: Used vs New, Basic vs High-Tech
    53) Understanding Your Market Segment
    54) Advertising, or, "Did I just smell a Unicorn Fart?"
    55) Reputation, or, "What you do and say Matters."
    56) How to Deal with your Competition
    57) Doing More with Less, or, "Was my old boss right sometimes after all?"
    58) Why Isn't the Grass Greener Over Here?
    59) Statistics, or, "Figures don't lie, but liars figure."
    60) End of the Year Quandary: Spending to "Save" Tax Money
    61) Emergency Funds
    62) Risk vs Risk Aversity in a Business Owner
    63) Cash Flow, or, "Will I eat today?"
    64) Budgeting vs Blowing Money on Frivolous Crap
    65) Retirement Savings, or, "Do I want to be doing this when I'm 80?"
    66) Entrance and Exit Strategies
    Yeah, I am 80 and still doing it... reason, see # 28 above.

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