Mac1958
Diamond Member
Holy shit, cool stuff. The HFT world moves so quickly I don't know how anyone can stay on top of it. And yeah, solar can't stand on its own yet, so you'd be immersed in so much red tape and game-playing that it's just too early.Thank you for the advice.One recommendation is to find your local SCORE office. Service Corp of Retired Executives. Free counseling on every facet of starting a business, from a business plan to marketing to purchasing to pricing to competition to bookkeeping. All free, all people who know what they're talking about. I'd strongly recommend putting together a good plan before jumping in, a lot of crap will pop up.
High end furniture is a cool segment.
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I am on my third attempt at a business though, the previous two were fails but not spectacularly so. Wrote a program that did automated investments in the currency markets that initially was designed to exploit the Swiss Franc pairing to the Euro, but once they revised their paring we revised it to work on market retraces, which are fairly predictable. The company that was giving us access to the market was apparently a bucket shop so after making $1200 gross profit, we folded the tent. If you cant trust your market ECN, there's no point to it. My partner is now working for serious Wall Street banks on HFT software, and he laughs now at what we were doing before. Says we were simply lucky. Meh, retraces are not luck.
The second effort was to build a turnkey solar farm and sell it to a power company. We were moving ahead well with our planning, had some property picked out that would allow us to avoid construction of flood control mechanisms, had priced some solar panels and I had designed a cheap framework for holding the panels that could be easily cut and assembled from steal L beams. But that got called off because we discovered that no power network company was willing to give us access to the grid, even though we had recruited a solar panel experienced, certified electrician to oversee the whole thing. All the machines we would have used are standardized and would not have posed any risk, and they could have inspected everything to their satisfaction. That was when I realized that the solar panel promotion by the Obama administration was just a gimick for his corporate cronies to milk money from the federal teet and there was never a real intention to allow private individuals to get in on the action.
So this third venture will hopefully pan out. I can make the furniture, I just hope my friend can really do the marketing like he says he can.
Third time could be the charm! Don't ever be far from your Excel spreadsheet, stay on top of the numbers (!). Good luck, success reports here are required.
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