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Starting a business in high school -- opinion? - Page 2
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Starting a business in high school -- opinion?

2

Comments

  • @Nick_A said: You shouldn't run a business just because you're bored. That's what XBOX is for. Running a business should not be viewed as a simulation or a game or just "something cool" to do.

    Of course. Why would I put that much work in to NOT make a buck or two? Businesses are an occupation, not a simulation.

    @BronzeByte said: You ARE stupid:

    If your RAID array somehow crashes and some dumb*ss enterprise (not likely to be your client but it's certainly possible) sues you for the data loss... You hang, you are responsible.

    If a pedo decides to put child porn on his shared hosting account, they will raid you, ask you a lot of questions and possible keep you responsible.. Oh and when your drives get raided you won't get them back, so a lot of people will lose their data, go back to scenario #1

    I was just giving an example...

    @KernelSanders said: Yeah that's always a concern. At this age, the least he could do is get an LLC so if shit does hit the fan, the most that could be taken are any business assets.

    There's always sole proprietorship.

  • jarjar Patron Provider, Top Host, Veteran

    @Alex_LiquidHost 20mg every 3-4 hours ;)

  • @flam316 said: There's always sole proprietorship.

    In England, being a sole trader include unlimited liability. So that's a bad idea. May vary country-to-country though.

  • JacobJacob Member
    edited February 2013

    Less than ~7 hrs and I feel and look like sh!t.

    I sometimes get woken up in the night when pingdom is being PITA, I should really change the pingdom email from our email2phone address. :(

    @jarland has wings, redbull wings!

  • @PhilND said: In England, being a sole trader include unlimited liability. So that's a bad idea. May vary country-to-country though.

    I think it would be a bad idea for a hosting company. It may not be so bad for a web design business, however. There's less important assets involved.

  • @jarland said: Volunteers are unpaid and have no accountability. Arguably illegal.

    Not illegal, it's out-sourcing. Paying them wage might be illegal for them if they don't submit it but some free VPS and some account credit isn't considered potentional wage. I'm talking about part-time for the note.

    @flam316 said: I was just giving an example...

    Sorry for calling you stupid :-(

  • @Alex_LiquidHost said: Well currently I sleep roughly 5 hours and will try to push that to 4:30 :)

    Ah, the stamina of youth :)

    Sadly however, you're going to get older. And you're going to want to sleep more than 4.5 hours a night.

    IMO, a truly successful business lets you sleep as much as you want :)

    @flam316 said: That's certainly an interesting business concept and something that I'm willing to do. It would be cool to bundle a service like that with a website so I could be, as you said, "their liaison between the the local business and the Internet would." That would be the full package.

    Did you get the idea about time-sensitivity? Let someone else deal with the hosting hassles. Make your time your own. Innovate. Don't do what thousands of other are already doing. Do something original. Provide a unique, value-added service to your local business community and you're the only show in town.

  • jarjar Patron Provider, Top Host, Veteran
    edited February 2013

    @BronzeByte Fair Labor Standards Act. Also without being employees they carry responsibility that you answer for legally. If they steal data, you're legally liable, can't press charges against them. Labor standards are hard to get around. Internship can help but still takes paperwork. Don't just invite people in ;)

    I'm talking US of course.

  • @jarland said: Fair Labor Standards Act. Also without being employees they carry responsibility that you answer for legally. If they steal data, you're legally liable, can't press charges against them. Labor standards are hard to get around. Internship can help but still takes paperwork. Don't just invite people in ;)

    Well obviously don't take random people who apply :-)

  • DomainBopDomainBop Member
    edited February 2013

    "or legally execute any contracts when you are under the age of 18

    ...and if you're an underage one person hosting company that means that your TOS, AUP, and privacy policy can't be legally enforced because you're not old enough to enter into a binding contract with the other party (your hosting customer). Being underage also means that you're not old enough to legally execute contracts with your service providers (data centers, payment processors, etc)

    "when I first entered this business, it was under a parent's name.

    If you're under the legal age where you live then you absolutely need to have someone of legal age like a parent (or a business partner who is of legal age) involved in the business who can execute contracts and accept legal liability if anything goes wrong.

  • AlexBarakovAlexBarakov Patron Provider, Veteran

    @sleddog said: Ah, the stamina of youth :)

    Sadly however, you're going to get older. And you're going to want to sleep more than 4.5 hours a night.

    IMO, a truly successful business lets you sleep as much as you want :)

    Nah, I want to sleep more, I just know I can't and shouldn't :)

    On the other side - my family sleeps rought 3-4 hours each. It is something that goes on in the family, all of them have sleeping deprivation, except me. I just have to do it, following a strict business plan over here, can't afford loosing time in sleeping, as long as I function good.

  • SoylentSoylent Member
    edited February 2013

    @BronzeByte said: If your RAID array somehow crashes and some dumb*ss enterprise (not likely to be your client but it's certainly possible) sues you for the data loss... You hang, you are responsible.

    It depends. In the US you can't hold minors to a contract. It's voidable at their option at any time for any or no reason. It's part of being a minor.

    Verifying that you're not getting into contracts with minors is just part of due diligence. If anything this is one more reason not to get involved with kiddie hosts. You have next to no recourse when the shit hits the fan.

  • flam316flam316 Member
    edited February 2013

    @BronzeByte said: Not illegal, it's out-sourcing. Paying them wage might be illegal for them if they don't submit it but some free VPS and some account credit isn't considered potentional wage. I'm talking about part-time for the note.

    It's not illegal if you call it an internship. :p

    In all seriousness, I worked for two years at a hosting company as an unpaid intern. All I did was answer live chats, post on our forum and represent our company on various social networks... but that is still working for no money. The experience is what I was working towards, but I became tired of working for nothing.

    @BronzeByte said: Sorry for calling you stupid :-(

    It's quite alright. Words are words, nothing more, nothing less.

    @sleddog said: Did you get the idea about time-sensitivity? Let someone else deal with the hosting hassles. Make your time your own. Innovate. Don't do what thousands of other are already doing. Do something original. Provide a unique, value-added service to your local business community and you're the only show in town.

    I wholeheartedly agree; Innovation is the true sticker of an entrepreneur. I'd gladly partner with a hosting company for my internet ventures. Eventually, when the resources are available, I'd like to start a hosting division of my future company. I already have a few unique ideas that I believe will be successful. Of course, this is fully dependent on how prosperous the main business is at the time.

  • RobertClarkeRobertClarke Member, Host Rep

    Thanks for the support guys, means a lot that people "under age" can be accepted as people contributing to.. the internet.

    @Nick_A If your parents are funding it, there's a problem. If you can fund your ventures privately, with your own cash, that's something different ;)

  • raindog308raindog308 Administrator, Veteran

    I agree with the comments about doing freelance work rather than trying to run a service business.

    When I was 13, I wrote a golf club handicup manager for the TRS-80 and then investing all the profits in a little company called Apple.

    OK, that's not true...I took the money I made and blew it at the pool hall. But I did learn a lot.

  • If you want to do a business, do something like web design that doesn't require full time commitment so when you eventually get bored of it or don't have time anymore like your other businesses you can just up and leave.

    Or you could do normal teen stuff, like video games and sex and drugs

  • RobertClarkeRobertClarke Member, Host Rep

    @texteditor That's just such a broad comment, very stereotypical.

  • @RobertClarke said: That's just such a broad comment, very stereotypical.

    Doing stereotypical things can be fun

  • @texteditor said: Or you could do normal teen stuff, like video games and sex and drugs

    I don't think I have the capability of being normal. ;)

  • NateN34NateN34 Member
    edited February 2013

    Either school will get in the way of you running the business or you will start hurting in school, because of the business. Your education is more important than running any online company and therefore should come first over everything.

    Finish school first, then open one.

  • Nick_ANick_A Member, Top Host, Host Rep

    @RobertClarke said: @Nick_A If your parents are funding it, there's a problem. If you can fund your ventures privately, with your own cash, that's something different ;)

    They're technically your parents ventures and your parents are liable if you are doing things legally. One of their names is on your business registration, right? Also, my point was that if you're not relying on that income (generally speaking), then you're likely to hurt the market. While it may be your cash, if you run out of it in high school, mom and dad are probably not going to turn you out on the street. In other words, you don't have nearly as much to lose as an adult.

    @flam316 said: Of course. Why would I put that much work in to NOT make a buck or two? Businesses are an occupation, not a simulation.

    You must not be familiar with the Minecraft market...

  • flam316flam316 Member
    edited February 2013

    @Nick_A said: They're technically your parents ventures and your parents are liable if you are doing things legally. One of their names is on your business registration, right? Also, my point was that if you're not relying on that income (generally speaking), then you're likely to hurt the market. While it may be your cash, if you run out of it in high school, mom and dad are probably not going to turn you out on the street. In other words, you don't have nearly as much to lose as an adult.

    That's a good point. It's kinda like playing the game on the home court, when you don't have the safety net of your parents. The defensive side is always stronger than the offensive side because you have something to lose.

    @Nick_A said: You must not be familiar with the Minecraft market...

    I am familiar with it... I actually had service with you for 3-4 months or so. I take whatever I do seriously because it's my passion, and without passion, what are you? Wow, that became philosophical fast.

  • jarjar Patron Provider, Top Host, Veteran

    @Nick_A said: You must not be familiar with the Minecraft market...

    Heh, kids with absolutely no desire to make a profit just demolished that market.

  • @jarland said: Heh, kids with absolutely no desire to make a profit just demolished that market.

    Yeah it's all about "passion". They're even able to take money out of their own pocket to keep it running.

  • I managed it, but I was a senior and I was also old enough.

    Make sure you can handle it.

  • @bijan588 said: I managed it, but I was a senior and I was also old enough.

    Make sure you can handle it.

    I know my capabilities and I'm a senior. Less than a month and I'll be able to legally execute a contract.

  • After setting up a Minecraft host for about 8 months we decided to stop because we (2 person) couldn't handle the time clients where waiting for a reply. I was having full time school and 2 jobs while the other person had also 3 jobs.

    The current owner is almost always at the office and can handle those things just better. I'm still in tje Minecraft businees tough. (Do i like Minecraft? Not really)

  • Dragoon0309Dragoon0309 Member
    edited February 2013

    edit:
    nvm

  • I haven't ran any sort of hosting business yet, but I have been running a business since I was 12. During the first few years it was really all about consultation, helping people run websites/blogs, and even hosting a few sites that I designed. More recently I have done a lot more freelance type things.

    Yeah I was really young, and yeah my parents had to sign a ton of documents with me to get everything setup properly, but it was all honestly worth it. I never made a ton of money. I have always earned just about as much as someone earns at a part time job. However I did get a ton of experience dealing with clients, and technology which was worth it in the long run.

  • @wdq said: I never made a ton of money

    I earned a few thousands of dollars with Java programming at age of 12 :X

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