Recent content by K91

  1. K

    Taking over family business

    They had 5 shops at one point but have scaled back in the last few years. The mother-in-law has not worked in the business for the last 15 years and the father-in-law goes in for a couple of hours each day, they have long standing managers in place, so I believe there is a business there.
  2. K

    Taking over family business

    Thanks for all the informed responses, some great insight and information there that’s going to be useful in deciding how to move forward.
  3. K

    Taking over family business

    Overreacted a bit there haven’t you Clinton pal! Thanks for your concern though, I’ll make sure to look up the meaning of due diligence.
  4. K

    Taking over family business

    Thank you for your responses, noted regarding the due diligence and I agree that it’s more important with family involved. In response to your questions Socio: - They own both premises in question - Machinery is in good order - Lots of long-serving staff (The bakery manager is my partners...
  5. K

    Taking over family business

    Hi all Slight potential change of direction from my last post, but me and my partner have been offered the opportunity to take over her parents family business which is an established bakery of 30+ years in an affluent market town, with a smaller shop in a nearby town. The main bakery makes...
  6. K

    Your first CV

    I remember the first few jobs I got was by googling local companies I liked the look of, ringing them up and explaining that I was looking for a job and if there were any positions available. A lot of them said not at the moment but I got a few jobs that way. The places where I did get a job...
  7. K

    Paying yourself when starting out

    No I plan to have multiple jobs on the go at any one time.
  8. K

    Paying yourself when starting out

    I don’t think it would be a possibility I’m afraid. I’m a construction site manager so don’t think my boss would be keen on the idea.
  9. K

    Paying yourself when starting out

    Thank you for highlighting that. That area of the business is not something I’m familiar with at the moment so anything that helps me in that area is appreciated.
  10. K

    Paying yourself when starting out

    I agree that wrong decisions could be made if you’re relying on the income from the offset, definitely something I’ll have to factor in.
  11. K

    Paying yourself when starting out

    I plan to start a construction company so won’t be getting paid until the job is done, which could take weeks/ months depending on the job. The ‘send your wife to work’ option sounds smart, not that the future wife will think so!
  12. K

    Paying yourself when starting out

    Thanks Trevor Yes I have a mortgage but also a wedding that needs paying for so the savings option for me may not be an option!
  13. K

    Paying yourself when starting out

    Morning all How did you pay yourself a salary when first starting your business? Did you have 12-24 months living expenses saved up before starting or did you go for it with less than this, backing yourself to win jobs and gain an income from the start? I ask as if going down the route of...
  14. K

    Starting a construction company

    My current employers are paying for the courses. I think when it comes to quoting for work it should stand me in good stead and provide confidence.
  15. K

    Starting a construction company

    Thanks for taking the time to reply Jeremy. I’m currently doing exactly that, building my contact database, I won’t be starting the business until I’ve at least finished college so it gives me time to build relationships. Yes I will definitely be getting a website built, as well as being active...
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