Phew, a break! Just thought I'd pop in and let everybody know I'm doing well. I'm back to working insane hours and weekends... but it's all for me. 

Where does the business stand? Well, I'm still dealing with setting up the administrative side of things (Quickbooks, CPA, etc.); I discovered the way I'm doing things, it might have been better off to do an S-Corp instead of a LLC. The main difference for me: a LLC is taxed on all income that comes into the company at the self-employment tax rate. In a S-Corp, I can choose a salary to pay myself, which is the tax I pay. Any additional money the company makes, I can choose to "distribute" to myself at a lower tax rate. Given that the company is making more than I want to pull in salary per year... a S-Corp makes more sense. Oh well, another thing to do. 

I'm currently juggling between 4 different projects. Three are clients (one of them in a nascent stage), and one is a passion project. Oddly enough, the context switches haven't killed me yet since I focus pretty deeply on a single client for a day at a time. I just wrapped up a 5-day binge on CCM's fixed income trading tools with some massive updates (and the biggest one coming this week!). Feels awesome to wrap this up and to see my hard work on an invoice sheet in a dollar amount (hah!). 

My passion project is the one that I've outsourced heavily - currently managing a team of three to work on this project. I'm setting a soft deadline for end of the month for the product to be ready. I hope to have much to write about this in the near future. It's a project that really brings a lot of experience to focused fruition. 

My stress levels are pretty high right now - a combination of a LOT of cash going out this month (car insurance, tooth surgery, taxes, CPA, subcontractors) has got me a little worried... but I'm coping OK. 

For now - gotta focus! I'm getting such a high off of honing my product/design skills. I know I'm a little rusty, but it's all coming back to me really fast. I'm a bubbling cauldron of creativity right now. 

The hardest thing for me is to remain focused on these client projects. There are so many passion projects I want to pursue... but i have a full plate. 

April should be an amazing month as some of these projects launch and I start freeing up cycles. A trip to Morocco or Korea may be in the cards  (after I see how much Uncle Sam leaves me in taxes). 

Posted by roy on March 15, 2011 at 12:15 AM in Personal, rykorp | 5 Comments

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Comment posted on March 18th, 2011 at 12:01 AM
Morocco should be next on the protest list. Make sure you're there for that. Otherwise, just go to Machu Pichu.

PM5K (guest)

Comment posted on March 15th, 2011 at 01:58 AM
Don't let spending money stress you, you have to spend it to make it, anyone that tells you otherwise is just trying to sell you something.
Comment posted on March 15th, 2011 at 12:59 AM
Hi roy. Good thing you're ok. Say, does your account receive private messages? That's because I'm not sure where to report about a bug I'm getting.

I don't have a facebook account.
Comment posted on March 15th, 2011 at 12:48 PM
Send a private message to this account.
Comment posted on March 15th, 2011 at 01:00 AM
And get some time to relax.