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1,278 entrepreneurs were asked: "How did you decide to get into this type of business, and what was your initial goal?" These were their responses, which can help us to try to figure out what type of business we might like to start. Please scroll below:

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Records 141 to 150 of 1253
NAICS: 445 Food and Beverage Stores
Description: Acai Bowls
One of the owners has been training in Brazilian jiu jitzu for many years and would attend tournaments in Los Angeles where these acai bowls were served by an old couple. However, every-time he would return home he would always be waiting to come back to LA in order to get the fruit bowl again. One day he realized there were no acai locations in Bakersfield, where he lived, he spoke with his best friend about his idea of opening up a shop to sell acai bowls. The next day his friend called back saying he would stake fifteen thousand dollars into the company as long as he and his wife ran in together. They agreed to and thus the business began.
Date Submitted: 2018-10-17 13:17:02

NAICS: 323 Printing and Related Support Activities
Description: Office equipment company
To stop global warming and world hunger. Really…. To make money. After working in this industry as a sales rep. for a few years, I was able to observe the business model and structure of this industry. The office equipment industry in the 1990’s was and still is very similar to the automotive industry. The main difference is the cost associated to floor automobiles vs. the cost to floor copiers. Both industries are service driven, great revenues are achieved after the sale. In fact, in the office machine industry, around 40-50% of the total revenues are produced from annual maintenance agreements. The GP on this 40-50% averages 40%. Find an industry that allows for revenues after the sale of the product, priceless. My initial goal was to find/partner with a copier manufacturer, find an experienced service technician, and cheap rent. Since my initial investment was $50,000, which included 6-months expenses including rent and payroll, it was inexpensive to start a business. If I could sell $35,000 of new gear per month @ a 20% GP, bringing in $7,000 mo. to cover expenses. This was not a problem since I was averaging $75k per month over the last three years with a greater GP. The 40% profit on the annual maintenance agreements on each machine sold was basically all profit. Increase sales and you increase service revenues.
Date Submitted: 2018-10-17 12:48:51

NAICS: 722 Food Services and Drinking Places
Description: Pizza Place
The main reason I got into this type of business is because I am good at it. I was doing before for 15 years before I got fired for something that wasn’t my fault. I started from the bottom of the line and I worked myself up to market director, so obviously my work showed itself that I was a good worker and I can do it all effectively. After I got fired the best option running through my mind at that moment was using the money I had saved up to open my own operating Little Caesars and that is exactly what I did. I do have to admit though if I can re-do it all I would have chosen a different route just because I feel like I have being doing this for ages now the work gets boring sometimes but I still find a sense of passion knowing I am helping my younger workers get money so they can complete college and pursue their dreams. Summarize the answer I have to say the reason I chose to get into this type of business is because I knew my expertise and previously knowledge would allow me to at least not fail worse case scenario but also allow me to run my operations effectively.
Date Submitted: 2018-10-17 12:26:28

NAICS: 531 Real Estate
Description: Mortgage loans, Mortgage Broker, Real state broker, listings
I decided to get into this of business because i was already working for a company in sales for ten years in mortgage loans. My initial goal was to be able to generate income on my own. When working in this company i learned so much and encouraged me to go back to school and be more informed about mortgage loans and real state. I found my true passion working on this company and having so much knowledge encouraged me to start my own business.
Date Submitted: 2018-10-17 12:12:37

NAICS: 453 Miscellaneous Store Retailers
Description: Buy low sell high trending
His brother began doing e-commerce when he was eighteen so it sparked an interest in Lars to learn from his brother and use his experience to start up his own company. His business is currently focusing on trends involving Halloween and his website offers a very low price for these products which include alien glasses, wired purge masks, and pumpkin carving kits. This is the current trend people are looking for according to Lars. His initial goals were to make fifteen thousand dollars in annual sales, own his own business, and do better than his brother's e-commerce business due to highly competitive nature. His brother also said that the business was easy and Lars claims he had "something to prove." He did reach his two initial goals, but unfortunately, as of now, his big brother has higher annual sales.
Date Submitted: 2018-10-17 12:10:47

NAICS: 621 Ambulatory Health Care Services
Description: Mobile Imaging (x-ray)
3. Starting a business was never in my mind. I graduated from a trade school as a X-ray Technician. When I started working as a mobile imaging technician, people would tell me the great work I am doing and how they are unsatisfied with the company. Also, they would tell me that I should start my own company since I was doing all the work.
Date Submitted: 2018-10-17 11:26:13

NAICS: 811 Repair and Maintenance
Description: Computer repair
I always had a passion for the IT industry. That’s what I was studying in school. I loved building my own custom PCs and I was also the one who everyone would come to for help if they had any computer questions. With my knowledge and passion I decided to open up my own business.
Date Submitted: 2018-10-17 11:10:29

NAICS: 425 Wholesale Electronic Markets and Agents and Brokers
Description: Resale computer components
I was managing a large clothing chain of retail stores in Canada. It was a great job with great pay, but I wasn’t happy. I knew clothes were not my passion and I had always been fascinated by computer technology. Remember in 1989 there was no such thing as Amazon and other big e-commerce sites. I had dug deep into learning about this technology and was convince computers were the future. Another big factor was I was tired of my hard work making money for someone else that day I decided my hard work would go to benefit my family and myself.  
Date Submitted: 2018-10-17 10:34:49

NAICS: 722 Food Services and Drinking Places
Description: Mexican Restaurant
I decided to get into this business for an opportunity to keep going to school but it turned out I enjoyed doing what I did and decided why not learn and wait for an opportunity for it to be my turn and open a business.
Date Submitted: 2018-10-17 09:30:44

NAICS: 811 Repair and Maintenance
Description: AC Repair and Install
We chose this business because we wanted a reliable and constant source of income. I wanted to challenge myself and find a way to use more brain power instead of body power. Heating and air systems get changed out on a relatively regular basis, so the income was expected to be constant. The job is also one that doesn’t seem to be going away in the near future as most people will continue to invest in and use their air conditioning systems for years to come. When they ultimately break down and need repairs or replacements, having a local reliable shop that can source the same parts as the big names is valuable. The investment in learning the business was small compared to the potential earning in the business. The initial goal was simply to earn more money with less physical work.
Date Submitted: 2018-10-17 09:16:08

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Records 141 to 150 of 1253