rockets
Well-Known Member
It's your business, not everyone else's. you do the leg work.
Yeah, but I've never done anything with a business before....
Thanks,
It's your business, not everyone else's. you do the leg work.
Alright can you guys make a list of what things I need to file with government, and how to do so?
I can't keep up with everything....
Thanks,
Yeah, but I've never done anything with a business before....
Thanks,
Yeah, but I've never done anything with a business before....
Andrew, earlier in the thread I posted a link for the Ohio Department of Taxation. Call the number or click the email link and ask questions. Be sure to tell them your age, I think that will be a big factor. From the information you get there, you may need to do more research. This is something you want to do yourself and not rely on second hand information.
At first I was under the impression that this would be something like a summer job and there would be a very limited number of kits sold to forum members. If that's the case, you don't have terribly much to worry about. But as new posts appear, it seems you may want to make this more than just a summer learning experience and that could change things.
At the moment, you seem to be all over the place. It's good to think about instructions and package art but all that's pointless without your kit being ready to produce. As I understand it, you haven't even test flown it yet. Build some prototypes and fly them several times each under various weather conditions. Your first thing is to get a stable rocket. Without that, you could be repeatedly revising your kit design and instructions.
While you're doing that, you can also research what permits or paperwork you need. Reading your original instructions and seeing your original fins, you have a lot to learn about rocketry. You need to understand some basics and there are people who can help with that.
Again, as I see it you need to
1. Get your rockets built and fully tested
2. Make revisions based on those tests. If you make changes, go back to step 1.
3. While you're doing that, you can spend some time researching permits.
4. Work on the instructions.
5. Beta test if you want.
6. Make revisions based on those tests. If you make changes to the design, go back to step 1.
7. Now you're ready to get parts for the kit run.
you know what you could do is just offer one special rocket that you really like. Make it unique to interest others and see how that goes. Find some one to laser cut your fins and see about buying large quantities of tubes and nose cones. This way you can see the cost involved with just rocket and then go from there if you want others to be added.
Yeah, but I've never done anything with a business before....
Thanks,
This is a very good introduction as to 'how things work' in business. Remember, some of the questions you're asking are at a college level, so kudos to you for asking them! And with those questions comes college level research. In this case, learning about the rules & regulations the various levels of governments have in place. It won't be easy, and certainly wont be easy to understand.
Break the tasks down into manageable bites, so you can focus, and are not overwhelmed. As Don suggests above.
I don't remember you asking one important question (one to yourself, not to us): Why do you want to do this? Why do you need to ask this? It'll help plan your route, and help shape your plan.
Something else you might want to think about, and something that will be answered by the above question, is to find a manufacturer and ask him to team up with them, become partners. He / she, being established, with supply lines, marketing, sales know-how, etc.. is in a better place to get kits out to market. You would be the designer & tester. You would then get a small percentage, a royalty of the kit you initially produced, but you 'partner' would kit, sell, ship, etc.. it for you. There are benefits on both sides, but you won't have 100% control. And that may not be a bad thing..
Have you thought of doing a plan set? and selling the plans, say a $3 PDF.. it's "kit bashed' from a standard kit (or parts). Something like this:
https://archive.rocketreviews.com/reviews/all/plan_excel_der_fat_max.shtml
That way, you get your design out to people, but it then up to them to supply the parts.
and youre doing good!the other rocketry folks reaching out to help is one of the many things i love about this hobby.
It's going to be a small thing that I'm going to start soon, it'll last until the school year starts again, then maybe next summer I'll do it again & again...
I will only sell here on TRF... I don't think I need to register anything, it's a small little thing, VERY LITTLE INCOME, not even $100 for the whole summer, the IRS has bigger things to deal with than my little hobby.
Thanks,
It's going to be a small thing that I'm going to start soon, it'll last until the school year starts again, then maybe next summer I'll do it again & again...
I will only sell here on TRF... I don't think I need to register anything, it's a small little thing, VERY LITTLE INCOME, not even $100 for the whole summer, the IRS has bigger things to deal with than my little hobby.
Thanks,
The instructions still need a lot of work. I'll try to do another set of illustrations tonight.
If you can state the final parts, the fin drawings, and any other relevant information information not mentioned prior, then I will try to finish the written portion of the instructions tonight as well. Instructions will still need revising after Nate builds his kit and provides feedback, of course.
Here ya go no big deal....like I said, but some like to get...Let's get technical , technical....
View attachment 320148
https://www.irs.gov/pub/irs-pdf/p929.pdf
https://turbotax.intuit.com/tax-too...e-to-File-an-Income-Tax-Return-/INF14178.html
You can deduct all expenses, so if you do 1000.00 gross and you net 400.00 profit, you pay NO taxes or withholding.
Here is the OFFICIAL artwork! It was made by my brother, Kevin. The first kit is complete to go to Nate L. So he can test it for me!!
The instructions are finished as well!
Thanks,View attachment 320144
Here is the OFFICIAL artwork! It was made by my brother, Kevin. The first kit is complete to go to Nate L. So he can test it for me!!
The instructions are finished as well!
Thanks,View attachment 320144
question:
Is the rocket diameter 18mm or is that the motor mount dia?
It does look sharp!
Is the fin going to be 1/8 inch?
3/32 would be closer to scale, but the difference is insignificant and if they're already cut, it's not worth changing.
What's a good knot for tying shock cords to nose cones?
Both are 18mm.
So, a BT-20 tube; 0.736" OD (Outer Diameter).
Stick with one system of measurement. Do one, or the other, or do both.. but do it throughout.
Why do I want to do this? Well, I have several reasons...
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I really enjoy the great hobby of rocketry, and sometimes I would like to see a rocket kit I like, but it's not on the market, or it costs a lot of money, so I figured I can make rockets kits that aren't really on the market.
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Small businesses just seem to stand out to me in a special way, And I would like to try one.
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I have the time this summer, rather than sit around doing nothing, I thought for the last two summers, I want to do something enjoyable, makes a little income, and teaches me good responsibility!
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Thanks,
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