Archive for the ‘Business’ category

Things I’ve Learned about Vending

April 13th, 2010

Most people when they’re thinking about getting into vending do a lot of research and reading but some lessons have to be learned the hard way. Here are a few things I’ve picked up and learned while running my own vending business:

I can easily service 3-4 locations an hour, including driving time. The servicing itself only takes about 5 minutes for a basic servicing the rest of the time includes driving.

Only choose all metal machines. Not only do the plastic machines look cheap, but they are built cheap as well. The amazing thing is that they cost about the same as better quality machines.

The appearance of your machines does make a difference in your bottom line. I had a location that was a rundown convenience store and I had a rundown triple head in there that wasn’t performing very well. On a lark, I traded it out for a shiny new double header and my profits doubled. Honestly I didn’t expect this at all.

Double sided tape at the base of the head is a pretty good ant trap. Some people use petroleum jelly but I find this to be a messy solution. Spraying poison around food is never a good idea especially if you’re doing it on location, you could spray the base at home before putting it on location, but be careful to keep your candy safe. In two years I’ve only had one machine get infiltrated by ants but I live in the desert so other locations will have to fight harder to keep the ants out.

I think 6 weeks is about the perfect cycle for servicing. When I first started in the vending machine business, I was servicing every 30 days or so but I’ve recently started slacking off and letting some of my locations go for 60 days. If you’re just vending gumballs I think a long servicing cycle would work, but for me 45 days seems about perfect.

Incorporating for Rookie Business Owners

January 22nd, 2010

One of the most basic things that you will need to know if you plan to incorporate your small business is the choices you have for incorporations. Your first incorporation choice is forming a Limited Liability Company; your second option is forming a C-Corporation and your third and final option is forming an S-Corporation.

When forming a Limited Liability Company the main thing that you will need to do is, fill out and file the Articles of Organization. If you are electing to form a C-Corporation or an S-Corporation, you will need to fill out and file Articles of Incorporation. The one thing to keep in mind is that if you are forming an S-Corporation you will need to first form a C-Corporation.

When filling out the articles of incorporation the best thing that you can do is look online and find sample articles of incorporation that you can use as your guideline. The sample articles of incorporation will provide you with the basic information that you need to include for your business, but it will also help answer any questions that you might have about the articles of incorporation.

One thing that you will need to keep in mind with the articles of incorporation is that what has to be included in them is going to vary on the state that you are incorporating in. Even though the requirements for information differ based on the state that you live in some of the most basic information that you will need to include is the name of your corporation and the address of your principal place of business. You will also need to include your corporate purpose, your corporation’s registered agent and the stock information for your corporation. The stock information is going to need to include the type of stock you are issuing, plus how many shares you plan on issuing.