# Every one has one and here's mine **URL:** \ **Category:** Uncategorized\ **Created:** [March 20, 2023, 10:57am UTC](https://forum.notarycafe.com/t/every-one-has-one-and-heres-mine/39236 "2023-03-20T10:57:08Z")\ **Posts on this page:** 1\ **Showing post:** 11
**Author:** ![cNsa5](https://yyz2.discourse-cdn.com/flex034/user_avatar/forum.notarycafe.com/cnsa5/32/33381_2.png) [@cNsa5](https://forum.notarycafe.com/u/cNsa5)\ **Post date:** [April 16, 2023, 1:07pm UTC](https://forum.notarycafe.com/t/every-one-has-one-and-heres-mine/39236/11 "2023-04-16T13:07:10Z")
@RiverpointeTax **Thank You** for the accurate, unadulterated truth of the current status within our Business Sector. I concur 💯 percent with all the following: > [@RiverpointeTax](#): > > your results may vary. > > the market has an over supply of Notaries handling RE transactions. > > Title Companies . . . most closings are now handled in house. > > The need for mobile notaries has declined. > > Texas no longer has a good ROI. > > General Notary Work isn’t viable due to Texas statutory fee caps and many retailer now offering notarization services as a loss leader. > > Title Companies are being swamped with NSAs seeking business and are being ignored. > > Many of our colleagues have quietly slipped out of the business. This is reflected in the decline on this and other forums and chat groups. ====== **NOTE:** The status provided by Riverpointe Tax is _valid for Texas_ **AND** for _many other States_ in the US as well. Of course, there will _ **always be isolated pockets** _ with a flurry of activities, but certainly it’s no longer the norm . . . When Researching the Directories you’re listed within you can easily see the dramatic increase in the number of names/faces present clamoring for a pie of the diminishing proverbial pie. For those who are new to this business sector (_2 years of less_), they’ll very quickly see there is a dearth of Signing Orders and that they were sold the “sizzle,” but not the “steak” of the “_you too can earn 6-figures_” sales pitch. They realize there is not only _ **no revenue in the 6-figure range** _, but there’s **not a full-time income** for the majority of Professional Signing Agents [PSAs]. _Well, that is if you don’t have a family member who is an Escrow Officer at a Title Company who diverts business your direction._ In addition, the individuals “hawking their wares” of 6-figures are now pushing their naïve/trusting “students” to start Signing Services [SSs] to create their 6-figures. Well, anyone who reads the **Notary Cafe** (_or any other_) forum is fully cognizant that the SSs are in worse shape than most, because they’re folding up their tent and leaving fees unpaid for many PSAs. ====== There will always be an isolated few with rose-colored glasses on & who ignore the sagacious insights provided by those who have ridden out the roller-coaster cycle through numerous seasons, and tell you to proceed to launch your business. _**The very BEST I can offer You (the Notary Cafe audience) is to enter into ANY endeavor for business (or otherwise) with your eyes wide open, your critical thinking cap on, and crunch the numbers realistically (not optimistically).**_ _You can also review these threads for additional sagacious insights:_ > [@My Initial Tips/Advice to New People](http://forum.notarycafe.com/t/my-initial-tips-advice-to-new-people/14114): > > I hope the following helps you getting started If you’re going to set yourself up as a business, go to [irs.gov](http://irs.gov) and get an EIN - takes 5 minutes - NEVER NEVER NEVER give your personal social security number to anyone - use your EIN for all your notary work, including using it to report your notary income on our tax return; Set up a separate checking/banking account for your notary income - keep your personal finances and your business finances separate; Get some business cards and start … > [@Temper your expectations](http://forum.notarycafe.com/t/temper-your-expectations/21831): > > To preface this, I’ve been a lurker on these forums for quite some time and I’ve noticed a ton of expectations lately that seem too unrealistic. I’m a NSA out of Michigan and have been one for the past 7 years. I usually pull in at least 8k worth of business every month but it takes a LONG time to get to that point. I see a ton of newer notaries looking to make fast money or expecting SS or TC to come to them over seasoned notaries while they have very little experience. A few tips that I’d sug… > [@star IMPORTANT: A Seven-Step Guide to help you Achieve Success =\> Insights regarding whether to start a business (or not . . .) or to CONTINUE (or not . . .)](http://forum.notarycafe.com/t/important-a-seven-step-guide-to-help-you-achieve-success-insights-regarding-whether-to-start-a-business-or-not-or-to-continue-or-not/37278): > > If you’re seeking the unadulterated truth, then please read further. If, on the other hand, you’re seeking sugar-coated, misleading, & prevaricating statements, then by all means, please SKIP this Thread . . . ====== STEP 1: There’s a paradigm shift that needs to occur when one charts their course to become a Business Owner by moving away from being an employee. This endeavor is a MARATHON (not a sprint). FIRST & FOREMOST ===\>\>\> Create a solid Business Plan. This will include performing Rese… > [@I found a list of MISMO approved RON, RIN, and IPEN providers for emortgage closing!](http://forum.notarycafe.com/t/i-found-a-list-of-mismo-approved-ron-rin-and-ipen-providers-for-emortgage-closing/31340/7): > > @trustedsigning Great question! sparkles =\> I’ve addressed this query in detail numerous times on the Notary Café forum including as recently as a few days ago. You can study that thread by accessing this url link: ====== The Search function is being identified to be of assistance to you. angel Each of us contributes our time-proven experience & expertise. We are very busy business owners; either working with clients OR marketing/developing our business. =\> Our contributio… > [@I need help with calculating the true costs of doing business](http://forum.notarycafe.com/t/i-need-help-with-calculating-the-true-costs-of-doing-business/29848/5): > > It would be in your best interest to jot down all of the expenses associated with performing the services you provide within your service region to determine a baseline operating cost. Then, at that point, you can calculate the fees that will generate a net profit to determine if you’ll have a Profit or sustain a Loss at that rate. There are many items to consider within your Overhead calculations. Here are a few to get you started: • telephone expenses including cell phone equipment and month… > [@Must You Complete A Training Course To Get Work?](http://forum.notarycafe.com/t/must-you-complete-a-training-course-to-get-work/30734/4): > > I concur with the insights of LindaH-FL & mannie1950 (return to the teaching industry). Also, there are 2 recent posts by CherylM that leave the sugar-coating behind & Tells-It-Like-It-Is . . . Truly, anyone entering this business sector needs to change their mindset from that of an employee to that of a Business Owner. It’s a completely different paradigm and is managed differently as well. Best Wishes with your decision. sparkles > [@Elite etiquette group](http://forum.notarycafe.com/t/elite-etiquette-group/25254/57): > > Absolutely accurate, LindaH-FL. As with any ‘public’ forum, there are good-intentioned contributors/posters and potentially bad-intentioned contributors/posters. This is the precise reason WHY you’ll read within my posts to ALWAYS remember to gather your information from multiples RELIABLE sources. After gathering all the input, evaluate the data you’ve amassed and then make the determination of what is truthful & accurate. At that point, you may have sufficiently prepared yourself to make… 🦢 --- _[View the full topic](https://forum.notarycafe.com/t/every-one-has-one-and-heres-mine/39236)._