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[–] mostlyfriendly 0 points 1 points (+1|-0) ago 

Fair question. I have a fairly specific technical specialty. This allows me to be useful to the corporate players, even on a part time basis. Some of my best customers are my former employers ... just because I've always worked hard to treat other people well. Over the years, I've slowly grown my customer base and my number of employees.

About being poor: Right, it took 6+ months before I started receiving revenue. We lived VERY frugally for a long time to afford the opportunity. Financial Independence is key to having the personal freedom to do what you want with your life. I hate linking back to Reddit, but the sidebar to the right has excellent links / ideas on how to live frugally and save extreme amounts of money.

If you have a professional skill - that might be your best bet. If not then you are stuck doing a task that no-one wants to do.

My suggesting: 1. Don't spend $$ to buy into a franchise. They are too often bad deals.
2. Don't overlook the pool cleaning / lawn care / etc. business. There is always room for improvement. Find a niche that everyone else is failing to meet.
3. Do the job that no-one wants to do. You can be passionate about the strangest things. Mike Rowe has an extreme story about a guy who made lots of $$ by being the best septic company in the area. The dirtier / uglier the job then the less likely you will have competition in the market.

Oh, and 'being your own boss' just means that you have 100 bosses instead of 1. Running your own business is 50% more work and 50% more pain / headaches. It's worth it because I have extreme flexibility in my work schedule ... and I get to see my family more. But, it isn't just a simple walk in the park.

Good luck!


[–] Voopin__Voopin 0 points 1 points (+1|-0) ago  (edited ago)

thank you very much for the in-depth response!

im kinda leaning towards 2 in your above scenario. did you follow along with /r/entrepreneurridealong on eddit? its probably gone now, but that guy started a "upscale" lawncare business and iirc he became a millionaire.

then he did the same shit with maid service. he did poach maids from another business, which struck me as unethical. damn morality getting in the way again....

thanks for the well wishes :)

edit: i used to be a big fan of mustace and thats where i got my sense of frugality. i think he's referenced that financial independence sub once or twice on his site.


[–] mostlyfriendly 0 points 1 points (+1|-0) ago 

Happy to.

I haven't seen that other source.

he did poach maids from another business, which struck me as unethical. damn morality getting in the way again....

:) I don't know the details here, but I might disagree with you on this one.

If I may dig into this a bit: I believe people have a right to work where they see fit and to maximize their potential. I like to hope that I can maximize my employee's potential but maybe I can't.

If I have an employee that I'm paying $50K, and then you come along and offer $75K ... well clearly (all other things being equal) that's a better opportunity for the employee. I'd even encourage them to take the opportunity. :)

Now, if I am paying them $50K, you offer $75K, and then I counter with $75K ... then that's probably unethical on my part. Clearly the employee is worth $75K and I was abusing their good will by paying them less than market rate. If I'm doing my job, I'm making sure my employees are getting the best possible pay (that both I and the market can afford.)

Now, if you are doing something underhanded then that changes the scenario. Maybe you are offering $75K and then plan to cut their wage in 3 months once they have made the transition. So, it isn't a genuine offer. Or some other variation involving deception.

Just food for thought. :)

Obviously, there is more than just salary. I've actually had a couple guys work for me even though I couldn't pay them as much as someone else. But, of their own free will, the chose to work with me. This was in part because I was always honest and open with them about every aspect of the business. And, because I provided better (more family oriented) working conditions.