Quote:
Originally Posted by Neutral
If you have to ask, you are not cut out to be self-employed.
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Most people aren't.
I've been on both sides over my 40 year work history about equally split. 20 years working for someone, 20 years self employed.
I am finishing up working for someone else because I don't want the hassles of being self employed and I no longer need the money.
I loved being self employed it was the only way for me to have a consistent six figure income and my benefit package was out of this world.
But there was a price I paid.
A "short" week was 50 to 60 hours.
A "typical" week was 60 to 70 hours. Monday through Friday I would be the first one at the shop getting there around 6:45 AM and except for Friday I never got home earlier than 6:00 PM. I had a 10 minute commute.
Most evenings I would take work home for something to do after the kids went to bed. The average evening work was two hours.
Most of the time I worked Saturday mornings at the office getting things done in the peace and quiet I couldn't get done during the week.
I made good money but it wasn't all that good if you figure the hours I worked. About $25 an hour if you figure time and a half overtime working 3,500 hours a year. 65 to 70 hours a week was normal.
I took risks and if you know about master surety agreements coupled with construction performance and payment bonds you will agree with me. With a master surety agreement there's no hiding behind a corporate veil.
Most people have no idea what level of commitment it really takes to make a business work. Working for yourself means you will work twice the hours you would working for anyone else.