Monday, April 13, 2015

I would like to start an electronics business? -

I am pretty good with electronics. I currently work for a controls design company. I have a love for building and programming robotics and have a degree in electrical engineering. I would love to use these skills to start my own small business but I can t come up with an idea on what type of business to open. How can I apply these skills?

Sounds like a question I d like to ask too! ;-) Right up my alley. I ve done a lot with digital electronics over the years... designing a ECU for a turbine engine and many other items. A very handy skill to have! There s a lot of possibilities as far as business concepts, but it certainly is tough to come up with them. I ve got a few great product ideas of my own, but obviously, I can t share them here. I m finishing up my BS in Mech. Engineering right now. Always up for discussions with like minded people, feel free to shoot me an email (down in sunny FL).Some ideas though:- An electro-mechanical suit (yeah, kinda like Iron Man, but more practical). Could be used as an aid to assist those with doing various tasks: lifting, rescue, construction, perhaps military applications, etc.- Your own line of custom furniture . But not just any furniture. Like a tv armoire that as a built-in linear actuator to raise up a tv, or a coffee table that automatically adjusts to become something else... say, a computer workstation.Many other possibilities... green technologies are an exciting industry...?

Fix computers or make amazing electronic devices. May i sujgest the robo-maid? or the robo-butler. or the robo-homework dooer? robo-babysitter? robo-dog? robo-sister/brother?

If i order something online and is shiped by USPS. Do i have to go pick it up.? -

The mailman will deliver it to your house, if you are not there they will leave a slip for you to pick up at the post office.

No. USPS is the post office. The post office delivers mail to your house.

It will be delivered to the address you provided

Good luck! :-)

Starting new biz should I open another bank acct in that name/open a separate acct under my original company? -

I am creating a new business with a new EIN andI want it to be under my larger business. I wanted to ask someone if it would be better to open a separate bank account from my primary business or assigned an account number under my larger business? Thanks.

You should check with your lawyer, but if you mix the accounts, those funds may be vulnerable if one of the companies has legal action brought against it. I would create a separate account to manage those funds, even if the second company is a subsidiary of the original company. You should also make sure your company is properly registered (ie- Incorporated, Sole Proprietor, etc.)

Business account for each business is the way to go. You sound as if you are trying to economise and skip accountants and lawyers fees. realise now that if that is the case, stop business plans straightway because you are bound to lose everything you put into it. At least, ask your bank manger/accountant for an opinion.Good ideas and new business have a bad habit of costing more money than you ever get back from them.

Every EIN should have a separate account.

Does Market Basket have a website? -

The grocery store... Market Basket/Demoulas in Massachusetts.Do they have a website?

Surprisingly, no, they don t.I know part of their charm is how they re so old-school and old-fashioned, but not having a Web presence seems like a bad business decision.

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