Add to Favorites
Hosting Discussion
 

forgot password?


Reply


Old
  Post #1 (permalink)   11-25-2003, 02:27 PM
HD Wizard
 
Join Date: Sep 2003
Location: Nova Scotia, Canada
Posts: 1,415

Status: GordyMac is offline
What do you do with the profit after your bills are paid? Do you go buy some things you would like to have? Do you put it back into the company? What do you do?
 
 
 


Old
  Post #2 (permalink)   11-25-2003, 02:28 PM
HD Master
 
Join Date: Oct 2003
Posts: 458

Status: FastNetServers is offline
Well I put a certain percentage into my company and then I invest with another certain percentage and the rest would be my monthly pay. To me the hosting industry is my full time job
__________________
Rahul Santimano
Technical Support Manager
www.FastNetServers.com
"make the web work for you"
 
 
 


Old
  Post #3 (permalink)   11-25-2003, 02:43 PM
HD Amateur
 
Join Date: Oct 2003
Posts: 83

Status: imported_Mark is offline
most goes back into the company, the rest is spread for payroll...
__________________
The Hybrid Network
Quality service at an affordable price
http://Hybridnetwork.com
 
 
 


Old
  Post #4 (permalink)   11-25-2003, 02:44 PM
HD Master
 
Join Date: Oct 2003
Posts: 378

Status: getyourbanners is offline
I put in to the company to buy more sign, t-shirts
__________________
Frank McDermott
www.getyourbanners.com
Banner Design

www.hostertalk.com
 
 
 


Old
  Post #5 (permalink)   11-25-2003, 02:45 PM
HD Master
 
Join Date: Oct 2003
Posts: 458

Status: FastNetServers is offline
You mean signs, T-Shirts for your staff/office Frank? I dont quite get you...
__________________
Rahul Santimano
Technical Support Manager
www.FastNetServers.com
"make the web work for you"
 
 
 


Old
  Post #6 (permalink)   11-25-2003, 09:08 PM
HD Wizard
 
Join Date: Sep 2003
Location: Nova Scotia, Canada
Posts: 1,415

Status: GordyMac is offline
We put 100% back into the business, new software, advertising, more servers.. etc..
 
 
 


Old
  Post #7 (permalink)   11-25-2003, 09:27 PM
HD Guru
 
Join Date: Oct 2003
Location: Michigan, USA
Posts: 553

Status: Vovex Technology is offline
We have a little system worked out.

Ill go into detail on this


We take the total net income at the end of each month, deduct our monthly expenses, turn 20% into company profit, take 5% and put it into profit sharing (every quarter of the year we divide the extra 5% made each month among the people that work with us as a little bonus) then the remaining 75% of the profit is turned over to employee payroll.

For all you legit businesses get ready for those damn W2 tax forms!!! I hate them
__________________
Jonathan
 
 
 


Old
  Post #8 (permalink)   11-25-2003, 10:21 PM
HD Master
 
Join Date: Oct 2003
Posts: 458

Status: FastNetServers is offline
That is a very good system you have Jonathan...I hate filing taxes as well...so I guess we are in the same boat
__________________
Rahul Santimano
Technical Support Manager
www.FastNetServers.com
"make the web work for you"
 
 
 


Old
  Post #9 (permalink)   11-26-2003, 06:09 AM
HD Wizard
 
Join Date: Jul 2003
Posts: 2,100

Status: BlackStorm is offline
I never take the money out myself, always put it back into something.
Normally put it back into the business but somtimes I would put it into oneof my sites (Like HT for example )
 
 
 


Old
  Post #10 (permalink)   11-26-2003, 07:33 AM
HD Master
 
Join Date: Oct 2003
Posts: 458

Status: FastNetServers is offline
I dont get it...if you guys dont take the money for yourselves then what is the real reason you have a hosting company...is it like a part time business then?
__________________
Rahul Santimano
Technical Support Manager
www.FastNetServers.com
"make the web work for you"
 
 
 


Old
  Post #11 (permalink)   11-26-2003, 08:21 AM
HD Wizard
 
Join Date: Jul 2003
Posts: 2,100

Status: BlackStorm is offline
Im always putting it back into something Rahul and I get income from other things I do on the net.
I do quite a lot on the net, mainly running websites, some of which I own and my sites are my interested, which is why I normally put some money into them at least
 
 
 


Old
  Post #12 (permalink)   11-26-2003, 09:48 AM
HD Master
 
Join Date: Nov 2003
Location: Chicago, IL
Posts: 400

Status: imported_maxhest is offline
I also put 100 percent back to company, but I have expenses of around 60/m. I am planning on getting a server, so, need to get sales going
__________________
Max
www.moon-hosting.com
Premium Linux Hosting :tux:
A MoonInteractive Company
 
 
 
Reply

Thread Tools

New Post New Post   Old Post Old Post
Posting Rules:
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
vB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On