1. What line of business are you in?
Service based. That's all I'm going to share for privacy reasons.
2. How did you learn enough about that line of business to feel comfortable starting a business in it?
My business is related to my college degree. I also had some previous experience with purchasing, A/R, and A/P.
3. How much of an initial investment did you need to get started?
Initial investment was around 20-25K. We've taken a fair amount of our potential profit and reinvested it since beginning.
4. How many employees do you have?
Right now it is just my partner and I. We wear many hats.
5. What would induce you to hire more employees, or to cut your pay roll?
Once the business grows enough we will hire front office staff. We will at some point also employ an accounting firm to handle things other than end of year tax filings.
6. Do you consider your main problem to be taxes and regulations, or low consumer demand?
Taxes and regulations do not hinder us. I think our two biggest limiters are market saturation and consumer ignorance as to what our service can provide. We spend a fair amount of time and money on educating opportunities.