New Electronics Company

[messianic light]

I set up a business bank account for my electronics business about 6
months ago
so far I have been delayed in 'doing' anything electronic and seeing
as I am paying £29 per month for the bank account, I have become
overdrawn, not having paid in a cheque from a customer due to not
going out selling and educating people about new technology

I plan to sell electronic kits in my local community, which is 90%+
Muslim, and anyone who gets the bug will become a prospective employee
the first job available is a Solderer working up to 15 hours per week

I studied for a Honours Degree in Electronic and Information
Engineering from 1987 to 1991, only passing 2 years
I was the best Computer Programmer on the course and strong at Digital
Electronics and Logic Gates

Today, I bought a USB Experimenter Board, and I have tested it and
have a few ideas for USB devices for the future
it is an exciting time and reminds me of catching the bug when I was
aged about 7 or 8 and was given a battery, crocodile clips and a bulb
by a boyfriend of one of my sisters
I have just turned 40 and been self-employed since age 23, at which
age I worked on a kibbutz in Galilee, Israel

if you have heard of Feng Shui, then we could be selling my first
product, that I will go about developing tomorrow, to everyone in
China as a branded product and also to any householder who gets into
Feng Shui
I suppose I should have applied for a patent before I gave you that
snippet of news but I will be looking for help from you, whether you
are a beginner, expert or a good salesman

 

[Jim Thompson]

I set up a business bank account for my electronics business about 6
months ago
so far I have been delayed in 'doing' anything electronic and seeing
as I am paying £29 per month for the bank account, I have become
overdrawn, not having paid in a cheque from a customer due to not
going out selling and educating people about new technology

I plan to sell electronic kits in my local community, which is 90%+
Muslim, and anyone who gets the bug will become a prospective employee
the first job available is a Solderer working up to 15 hours per week

I studied for a Honours Degree in Electronic and Information
Engineering from 1987 to 1991, only passing 2 years
I was the best Computer Programmer on the course and strong at Digital
Electronics and Logic Gates

Today, I bought a USB Experimenter Board, and I have tested it and
have a few ideas for USB devices for the future
it is an exciting time and reminds me of catching the bug when I was
aged about 7 or 8 and was given a battery, crocodile clips and a bulb
by a boyfriend of one of my sisters
I have just turned 40 and been self-employed since age 23, at which
age I worked on a kibbutz in Galilee, Israel

if you have heard of Feng Shui, then we could be selling my first
product, that I will go about developing tomorrow, to everyone in
China as a branded product and also to any householder who gets into
Feng Shui
I suppose I should have applied for a patent before I gave you that
snippet of news but I will be looking for help from you, whether you
are a beginner, expert or a good salesman

An education in how NOT to go into business ;-)

...Jim Thompson

 

[messianic light]

An education in how NOT to go into business ;-)

                                        ...Jim Thompson
--

Thanks for the reply Jim, with your 45 years of experience, I am sure
that we can do business
especially on USB Interfaces
perhaps you can tell me how to go about getting a patent in America
for my products
and all about Intellectual Property Rights

let's keep the humour, I understood a lot of the phrases on your
website, but I forget how most of it works
I still have some books from college and I am planning to do a Degree
in Physics and Satellite Technology
I'll send you an email once I need some help, which could be soon
but meanwhile, have a jolly laugh at my singing voice www.worldchamp.org
;-)

 

[Jim Thompson]

Thanks for the reply Jim, with your 45 years of experience, I am sure
that we can do business
especially on USB Interfaces
perhaps you can tell me how to go about getting a patent in America
for my products
and all about Intellectual Property Rights

let's keep the humour, I understood a lot of the phrases on your
website, but I forget how most of it works
I still have some books from college and I am planning to do a Degree
in Physics and Satellite Technology
I'll send you an email once I need some help, which could be soon
but meanwhile, have a jolly laugh at my singing voice www.worldchamp.org
;-)

On this side of the pond the banks are kissing my ass to get my
business. Why are you paying £29 ??

...Jim Thompson

 

[messianic light]

On this side of the pond the banks are kissing my ass to get my
business.  Why are you paying £29 ??

                                        ...Jim Thompson
--

the banking service comes with accounting and other business software,
which I admit to not making use of yet
being a Computer Programmer, I tend to want to write more efficient
versions of similar software

I am not a bad salesman and marketer, so I will soon be getting a cash
flow
I am sponsoring a Doubles Pools Knockout Competition on Sundays at a
pub which a friend is opening in mid-february
must have a break now, bit hungry, bought a chicken curry pot noodle
earlier and about to get stuck into it

Good Luck, can't wait to buy some components tomorrow to stick into
the analogue inputs of the USB experimenter board
I don't suppose it will be long before I am asking you to help design
a circuit that I can patent
I will be publishing an electronics magazine for beginners,
distributed locally for free, about 500 copies for the first issue

 

[Joel Koltner]

"the banking service comes with accounting and other business software,
which I admit to not making use of yet"

You know, plenty of small businesses began with people running their money
through their personal bank accounts. Until you get to, say, £1000/month in
sales, why not just use PayPal and some personal account you already have?

"being a Computer Programmer, I tend to want to write more efficient
versions of similar software"

I'm sure a business book would suggest that this is a Bad Idea from the point
of view that, sure, you can write better business software, but since that
doesn't get you any income, you really should try to make do with what's
available and spend your limited resources (time) making electronics.

"I don't suppose it will be long before I am asking you to help design
a circuit that I can patent"

Jim is going to charge you a lot more than £29 to design such a circuit, I
suspect.

"I will be publishing an electronics magazine for beginners,
distributed locally for free, about 500 copies for the first issue"

Not a bad idea... tie it in to a web site so that you can keep the page count
low (lower printing costs) with full information available on the web site
(cheap). Then of course you offer to sell parts kits... Not an approach
that will turn you into a Fortune 500 company, but plenty of small businesses
do just find just selling kits.

---Joel

 

[Jim Thompson]

"the banking service comes with accounting and other business software,
which I admit to not making use of yet"
[snip]

Jim is going to charge you a lot more than £29 to design such a circuit, I
suspect.

[snip]

I'm going to open a bank ;-)

...Jim Thompson

 

[messianic light]

"the banking service comes with accounting and other business software,
which I admit to not making use of yet"

You know, plenty of small businesses began with people running their money
through their personal bank accounts.  Until you get to, say, £1000/month in
sales, why not just use PayPal and some personal account you already have?

"being a Computer Programmer, I tend to want to write more efficient
versions of similar software"

I'm sure a business book would suggest that this is a Bad Idea from the point
of view that, sure, you can write better business software, but since that
doesn't get you any income, you really should try to make do with what's
available and spend your limited resources (time) making electronics.

"I don't suppose it will be long before I am asking you to help design
a circuit that I can patent"

Jim is going to charge you a lot more than £29 to design such a circuit,I
suspect.

"I will be publishing an electronics magazine for beginners,
distributed locally for free, about 500 copies for the first issue"

Not a bad idea... tie it in to a web site so that you can keep the page count
low (lower printing costs) with full information available on the web site
(cheap).   Then of course you offer to sell parts kits...  Not an approach
that will turn you into a Fortune 500 company, but plenty of small businesses
do just find just selling kits.

---Joel

thanks for the advice and criticism Joel
of course I will have a dedicated website for the magazine
the magazine will be size A5 with 8 pages to start with and black
print on white
but there will be loads more info and kits on the website

 

[messianic light]

"the banking service comes with accounting and other business software,
which I admit to not making use of yet"
[snip]

Jim is going to charge you a lot more than £29 to design such a circuit, I
suspect.

[snip]

I'm going to open a bank ;-)

I beat you to the bank Jim, www.dukesbank.co.uk
laughing ;-)

 

[Baron]

On this side of the pond the banks are kissing my ass to get my
business. Why are you paying £29 ??

...Jim Thompson

Cause he's paying for all that software they sold him. ;-)