Is it worth the headache!!!!!!

Hello everyone, Just wanted to see who all thinks owning their own business is really worth the time and effort.No doubt most people are in the biz for the love of it.But owning your own business comes with many issues and headaches,cost and ect. So please tell me what the good things of owning your own business would be. Is it the money that is made or being your own boss that attracts people to make the plunge. Also what is the net annual income for a well established business.
 
Straight up,it is not for everyone!!! Just because someone is a really good technician (climber,foreman) does not translate directly into being a good "business owner".Most people are technicians who have an entrepreneurial seizure, and wind up being self employed, not a person running a biz.
I am only taking the time to say this because this was my story...I "ran " my bosses biz and thought to myself " hell im doin it for him I might as well do it for myself!! WOW!!! WHAT A WAKE UP CALL!! I quickly became aware that he was not rich,selfish,or greedy.He was running a business!
With all of that being said ,and i am sorry it was so much,! I would never go back!!! I own my own headaches,I am self reliant , and to me it is worth it.
 
IMO, the headache factor may not be much of a big deal.

Tired of doing estimates? Why would estimates be better as an employee? Tired of paperwork? Why would it be worse as the owner than doing it as an employee working as accountant or receptionist? Pruning outside? Is it any better as an employee, because the weather remains the same.

As long as my estimates yield pay for all my time, and any workers time, should it matter?

It really seems like more of a headache for folks who don't charge for their time: all their time. I think where the problem shows its face, is like the new guy who gives away all of Saturday free doing estimates, and only pays himself for time working on Monday to Friday.

One challenge could be handling floods during peak season, but I've seen workers get wrapped up in overtime for the same reason

Maybe its not the ownership to compare. Maybe its the fluctuations and how to manage them.
 
Very interesting questions...I look forward to the coming posts.

"Just wanted to see who all thinks owning their own business is really worth the time and effort"

I think that pedends greatly on your personality. Me personaly, I am tired of having to compromize morals,safety, quality, etc because I'm either told directly or indirectly to. I'm also tired of having the rug pulled out from under me.

"Also what is the net annual income for a well established business."

That would pedend on wether you run it as a business that does tree work or just doing tree work.

I remember a post long ago either on the ISA board or the Knothole that was something like this...

"Most Tree guys are to business what topping is to tree care."
 
That's funny. I'm certainly not an owner for the fame and fortune. I do it because it lets me do what I want to. That part is awesome.

So far it's working, I just hope like all entrepetneurs it keeps working. The risks are huge; the tax man could bend me over, an accident could cost me everything I own. I just had enough of crazy fool bosses. Now I'm one, but I'm doing what I want to and I treat my employees fair.

There is a big difference between employee and employer. You have to really really want to be an owner because at some level you never get a day off from thinking about the business.

Is it worth it? I'll let you know at the end of next season. At that point I've completed five years of ownership. The old pros say most fail in the first five.
 
I will comment from a different place- a partner of a business. As many of you know, I grew up in this busniess. One thing I believe about myself is I would never want to start my own tree business. It takes so much time/effort for the amount of payoff that I question the whole quality of life issue when it comes to tree care.

I have seen many friends who were fantastic tree climbers go off and start their own business and fail. They didn't fail because of a lack of effort. They failed because of what Paul said- they were great tree climbers but not so great at estimating, scheduling, paperwork and fixing their equipment before they even got to climb a single tree each day.

I am very happy where I am in this business. This, I now know, comes from having people with me along the way in all areas of what we do. My team in the field and my family behind the desk. Without the amount of help and support that I have I would never start a new tree biz by myself. I would rather find a quality company and invest my future with them.

Sorry to be negative about the issue. I just see how many hrs are invested in this business and the amount of effort it takes to keep moving forward. There's no net if you fall.
 
I hear what Mark is saying about finding a large company to become part of. Reg Coates said in a thread about his part in the Stein product development something like... its better to be a small part of something big, than a big part of something small.

Those things being said, it will depend a lot on your experience level at tree work, at business, and your available hours to devote to things. If you are looking for something invest your blood, sweat, and tears into, then business ownership could be up your alley. If you want to work 50 hours a week, you probably aren't looking at full time tree business ownership.

Some like/ have it both ways, in that they will work for themselves for part of the week, and someone else for part of the week.

For me, I have a wife with a stable government job that has insurance benefits that we can both buy. No matching funds on retirement though. Her stable salary, and my variable income help to buffer us through the hard times. We also benefit from wood products like firewood for our home, chips for landscaping, logs for landscaping, the business equipment to use at home for maintenance around the property, and specialty lumber, which can add up to some nice perks.

In the long term, I could see a municipal/ arboretum/ campus type job being great. I didn't have those options available to me, where and when I moved, and started my business. I hope to have the longer term ability to have a crew(s) do most/ all the on the ground work, and be able to jump in at will, and consult and manage the business.

It also would be great having someone else foot the bills, worry more about the headaches, dependability, hiring, etc. Insurance/ medical benefits/ sick leave/ paid vacation are great perks that are often only found with larger organizations.

Perks, I'm going to Northwest String Summit this summer. I asked myself, do I feel like having that weekend off? Yes. Okay. Decision made. Along with that decision, is that I will work the weekend before, that week, and come back and work the next week, and maybe the next weekend to make up for missed opportunities to meet with clients, maintain equipment, etc, etc.

Calling the shots is both good and bad. As the owner and principal climber, I won't be pushed to climb anything that I don't want. I can turn something away, or say we need X (rental lift, rental crane) to do it within my safety parameters. I don't really have to work with anyone I don't want to work with, and can keep the safety parameters where I want them.

Working for a small outfit will be less predictable, and less full time work than working for a larger, well-established business. And with that, there is less flexibility typically that with a small owner/ operator like myself. For example, one employee, at a last/late minute, needed to go to the Financial Aid Office for school. You would probably find it harder to ask off at the last minute with a more strict policy type company. I think his education is important to his long term success, and helping him out with this also will make him more flexible with me when things run long in a day, etc.

I think that in the end, some days are worth it, some days are not. In the long term, most tree workers don't make a career working for someone else until retirement age. Having a long term and short term plan are both important.
 
I wouldn't do it any other way. I'm a lousy employee for most companies because I don't tolerate lousy leadership... I don't even tolerate mediocre leadership.

I'm not in it to make big money, I just want to make a peaceful living doing something I'm passionate about.
 
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There is a big difference between employee and employer. You have to really really want to be an owner because at some level you never get a day off from thinking about the business.


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It seems to depend on management and planning. If a business owner manages and delegates well, its easier to skip business thinking. Even to the end of, say, going hiking for 3 days and not needing to be concerned.

There is one other way to look at it too. A good business is not bad to think about, and can be enjoyable.

I suppose being a parent is the same, in that parents need to be thinking about their children frequently.
 
Yes MD I'd find something to worry about. It seems to be a personal problem more than a business generalization. It is a good business so ya I'll worry about more good parts and deal with the bad parts. You know stay positive - my mantra. Easier said than done.
 
Even when I worked for a company I considered myself self employed. I have always insisted that I come first before any business. Thats because Im a tree climber and I hire myself out to people who need me. Currently I have weaned myself out from "the middle men" and am getting my clients direct. Its definitly better that way. I still from time to time help other tree guys out. so really doing a business or working for someone else it hasnt really made much difference as I am still caring and looking at trees. I have low personal overhead so that made getting through lean times much easier. No wife and kids.
 
When I was in tech college I made an off-hand remark that I would have my own company within five years. Lo and behold...that's how it worked out. For 25 years I ran Canopy Tree Care and did everything that I wanted with the businees. LOTS of good times...some good money...lots of hours put in the business, but they payback was I could plan large blocks of vacation time. Living a low profile life style, and being single, made it easier in some ways.

Making the change to being an employee has it's own challenges. On the other hand some nice benefits too. Stability is a big one. Now I have a good benefit package and my 'value' isn't measured by how many cubic yards of chips I produce in a given time.

If you think that self-employment is in your future the best thing that you can do now is to start to take business classes. You'll learn the arbo side by just going to work. No one is likely to teach you about the business side. Until I learned how to account for all of the variables in my overhead I didn't make money. Not that I made a lot afterwards though :)

Good luck!
 
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I wouldn't do it any other way. I'm a lousy employee for most companies because I don't tolerate lousy leadership... I don't even tolerate mediocre leadership.

I'm not in it to make big money, I just want to make a peaceful living doing something I'm passionate about.

[/ QUOTE ]
I could not say it any better!
 

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