Question for all of the self employed guys

Sorry to derail,

Brandon 668, is that the white pine that over hangs the road on 35 just north of Lindsay, in your avatar?

on rail,

How do you guys handle the biggest crisis that affects our trade... Turnover... Dun dun dun? My biggest concern is starting something and then never being able to get out of it. Us climbers come and go like the changing of the gaurd, once we hit the max earning potential that a company will allow us to make were off to the next one that will give us our worth. It will suck to get of the field, but I got a feeling the only way that Im going to make this a life long career is to settle up in that nice custom ordered office chair, and in order to do that I want long term employees under me. How do you handle demands such as wage increase and benefits? Fire them? Take a cut on the bottom line?
 
Its Saturday morning and I will heading out to bid 2 jobs and then continue my busy day as it is.

Be ready to work all the time.. I love it
 
Love and Hate for sure!

When you work for yourself their is no such thing as a 40 hour work week. You have to love this industry and also like business.

Ups and downs working for yourself, it will never change! But, we have never regretted it. Been in business for 20 years, raising one child (almost 18 now), have a house and some acerage - and still love the industry. Although, we work probably 60 to 80 hours per week. It is hard to separate your private life and your business life. I think we work harder now than when we were employed by others. LOL! Sometimes, it would be nice to work for someone else for a week or so; however only for a week or so!

Remember - no such thing as a 40 hour work week - more like 24/7 - there is always something to worry about, do, or pay!

99% of the time no regrets!
 
Definately emyth nd one minute manager for good but easy reads. I just read them again this past winter. I have not done a good job running a business. It has run me for almost 20 years..over the last two years I have talked with several other business owners and worked to turn that around. I am making good head way. Surround your self with like minded people that have the same values and ambition and be sure to share the gratification of the job.

One you do take the step evaluate how things are going compared to what goals you set. Don't wait until tax time to see how you did. Feel free to call me if you would like.
 
Mr Sir I also am part time.. but after a while you realize that you work a lot more than you think.

I also live by that motto I work to live ..not live to work... anyways .. we are lucky that our work is so close to what we would want to be doing anyways that its kinda a merger.
 
I just became my own boss in the last few months. No regrets so far. I work mostly as a sub for other guys which is probably the easiest way to get started on your own. How much time you'll spend on it depends on how big you want to get. I climb for other companies and do small jobs on my own. When a big removal comes my way I hire the main company I sub for to sub for me. Works out well as a symbiotic relationship and I only have to work 30ish hours per week and I make twice what I made as an employee. My costs stay low because I have no desire to build myself into the biggest company around. I like to climb and this setup allows me to do mostly that. Best of luck to anyone else just getting started on their own!
 
I truly work to live and when I look around I do have a very good life. Then again you only get out what you put in, and my work ethic speaks for itself. Wouldn't have it any other way, I like working for myself.
 
It's been my experience that I'm far safer at work than when I'm out playing on dirt bikes and skiing down slopes!

jomoco
 
[ QUOTE ]
HA, you wouldn't wish it on anyone because it'll increase the competition and reduce the numbers in the labour pool!


BUSTED!

[/ QUOTE ]

Meh, the GTA is saturated with small time guys as I once was. This is a strategy issue which has to be considered when business planning, but doesnt eat me up. I recon "Natural Selection' will work things out on its own. Some will fail, some will give up, some will stay small, some will grow.

Realising small time leaves your personal family and your company family too vulnerable demands you grow. Growing hurts, this I know. I wouldn't wish it on anyone.

Knowing then, what I know now; a different path would have been chosen.
 
One of the Best moves in my life.

No regrets.

Be pro, take off the sunglasses when talking to customers look them in the eye and smile cause you got the world by the balls!
The momentum will grow and your abilities will accumulate.
Being out side every day in different places, in charge of an amazing operation with no one to blame but yourself. Life is great.
 
A good thing, but also some bad.

If you can get established while working for someone else, it's easier. That might be jobs, as well as getting your contracts, bookkeeping systems, saving capital, knowledge of payroll and taxes (or better yet get a book keeper), saving capital, training info, interview questions for employees, loan plans, saving capital, equipment plans, disposal plans, subcontractor networks for hauling and the like, business plan, estimate checklist, sales skills, etc.
 
Seth, what about saving capital?
grin.gif
 

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