Damn I hate taxes!

With all of the taxes and fees that a small company has to pay to the government its something of a miracle that American small business are able to make any profit at all. Even if you elect for a business structure that allows for pass-through taxation you’re looking at as much as 17% for self-employment taxes being added to whatever your personal federal and state income tax is going to be. That’s pretty fucking brutal, especially if you’re a small company just trying to get off the ground. With the self-employment tax you almost have to avoid taking any income from the company at all if you don’t want to cut your company’s real purchasing power. Even worse is that even as a single member limited liability company you have to remit self-employment tax on an estimated quarterly basis.  It’s an operational hassle. The government seems bound determined to see its small companies fail in the face of an onslaught of taxes, fees, and bureaucratic bullshit. It’s pretty damn frustrating.

A major milestone

The day is finally here. I just got the money from the bank. It’s a strange feeling to know that rather then just a legal shell, this venture is really funded. All the late nights writing business plans, financial tables, and all the other countless documents has come to this. Its not a fortune but its a major step in the right direction.

Oddly enough I find myself in a strange mood. I think I’ve spent way too much time today looking back at my past…past failures to be exact. I have an overwhelming feeling of guilt for all of the wasted time. A feeling of anger for all the false starts and empty words. Recently, self analysis seems to be doing more harm then good. I’m very bitter about a lot of things and it seems like my one way of dealing with that has its own pitfalls.

I now need to secure an additional source of personal revenue since my pay was not factored into the venture’s start-up cost. This was done on purpose so that the venture would not have a heavy initial burden while building revenue. The down side is, this means I have to go back to working for someone else for a while. I can’t tell you how frustrating that is to me. Not having to work for someone was one of my key desires for starting this project. I have to go get some copies of documents made but maybe when I come back I can outline why my plan for dealing with this frustration.

I’m sure this part of the process is not very interesting to you readers but I feel it’s important that if I’m going to be honest in this blog and have it as a histroy of this adventure that it’s important to be honest about all of t.

It’s been a rough week

It would happen that I’d be launching a new venture during midterms week. The past few days have been brutal. I’ve slept 3 hours in the past 72 and I’ve totally exhausted. Fortunately midterms week is over, all the paper work for Monday is completed and the loan money will be issued tomorrow.  I’m going to take along hot shower, listen to some music and get to bed early tonight. Its critical I stay on point from here on out. Got to get my mind right and find a way to get at least 5 hours of sleep a night.

Feelings on the eve of battle

I’m about 72 hours away from taking the largest step into the unknown I’ve ever taken in my life. I’ll be receiving the money from my first business loan in less then 24 hours. Come Monday, things are going to be moving at a blinding speed and though the success of the product line will rest on my partner’s shoulders, the success of the business will rest on mine. I should be a lot more nervous then I am. Right now I’m feeling a calm arrogance and a deep hunger to jump out the gate. I have some understanding now of how Creaser must have felt watching his legions cross the Rubicon. I’ve come to this point where all of my words are finally meeting action. I’m no longer talking about building a future empire…I’m actually laying the first stone blocks that its foundation will be built upon. As Creaser uttered “The die is cast.” I’ve taken that first true step out of the shadows of mediocrity and into the blazing heat of success. I’ve walked through the doorway into a new existence, and as I take one last look back I realize I can never go back.

Another long night

It was another long night last night. It only makes sense that I’m getting ready to launch “Project Wind” right at the same time as I have college midterms. I’m always working on something so I’m used to not getting a full nights sleep but it’s been a while since I’ve gone this long without any.

I had to get some legal documents written up last night on top of what ended up being an eight page paper on ancient civilizations for my world history course. Had to take my Political Science midterm yesterday as well. Day before that had a midterm paper due in my stupid career development class. It’s been a rough few days. I seriously can’t wait to get into film school so I can focus my time of something I really love instead of on things that I kinda like.

Project Wind receives first round funding!

The current project that I’ve been working on, codenamed “Project Wind”, has secured first round funding today! This is truly exciting news and means that baring any unforeseen issues, I’ll be able to make a major announcement on Monday the 13^th. “Project Wind” is an exciting venture that combines my love of business, art, media, and energetic industries. More to come in the days ahead.

The Beginning

I’ve decided to change the subject matter and format of this blog dramatically to better achieve the goal of what this blog was always intended to be. Rather then focusing exclusively on events occurring in the video game industry, this blog will now follow my adventures in trying to build a financial and corporate empire. Rather then state my opinion on events going on in the games industry I thought that sharing my experiences as I make this journey would be a more worthwhile venture. I’m excited about sharing this process with all of you and really look forward to receiving your feedback.