mstrlucky74
Senior Member
- Location
- NJ
Just curious....
Business Owners
- Thread starter mstrlucky74
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mjf
Senior Member
Need the flexibility in my schedule.
growler
Senior Member
- Location
- Atlanta,GA
I voted for the 100K and other benifits but the situation has changed over the years.
With the economy being what it is and not seeing much hope for change in the future if anyone can find a good solid company to work for that pays well then I say go for it. I have seen many small companies go out of business in the last 5 years (even some of the bigger ones ).
One thing to remember is that 100K+ is better money here than it may be in some other states.
With the economy being what it is and not seeing much hope for change in the future if anyone can find a good solid company to work for that pays well then I say go for it. I have seen many small companies go out of business in the last 5 years (even some of the bigger ones ).
One thing to remember is that 100K+ is better money here than it may be in some other states.
mstrlucky74
Senior Member
- Location
- NJ
Yeah, your right. That 100k is all relative to where you live. $100k in NYC/NJ area is a lot differen than $100k in South Dakota
Rewire
Senior Member
- Location
- Lake of the Ozarks
I wouldn't take a pay cut to work for someone else
readydave8
re member
- Location
- Clarkesville, Georgia
- Occupation
- electrician
I'll take the 100k, when can I start?
I'll turn 60 this year, so probably can only work another 20-30 years. Is that a problem?
I'll turn 60 this year, so probably can only work another 20-30 years. Is that a problem?
goldstar
Senior Member
- Location
- New Jersey
- Occupation
- Electrical Contractor
IMHO, once you get into that 6 figure area they have you by the short hairs. I'd rather have my freedom
ptonsparky
Tom
- Occupation
- EC - retired
What freedom? I have close to 400 hundred bosses a year and I've been up since 2:30 working. Except to an hour nap.
My thoughts are split about the same as the poll result. Any give day could see me swing one way or the other.
My thoughts are split about the same as the poll result. Any give day could see me swing one way or the other.
Rewire
Senior Member
- Location
- Lake of the Ozarks
Do you run your business or does your business run you?
- Location
- Windsor, CO NEC: 2017
- Occupation
- Service Manager
Let's skip the pitch.
goldstar
Senior Member
- Location
- New Jersey
- Occupation
- Electrical Contractor
Sounds like you're at that point where you need your own employee. As long as you're not swinging with a noose around your neck you're ahead of the game. Just my opinion but I'd rather make a few $$ less and be sane than work for a someone who's pocketing most of the $$ while I'm out breaking my butt to make him rich. Did that for 30+ years until I decided to open my own business. Yes, there are headaches in every line of work but I'm the one making the bank deposits (when my customers pay me, that is).
BTW, what would you consider a solid company ? Someone like Lehman Brothers, J.P Morgan-Chase, Enron ? All "too big to fail" companies can drop like flies if they get in over their heads.
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- Location
- New Jersey
- Occupation
- Journeyman Electrician
$100K plus benefits (about $50K) in metro NYC isn't too bad for zero headaches. Leave Friday at 3:30 don't think about the job again until 7 am Monday morning. Add on 5 weeks paid vacation, retire with defined pension plan. Being your own boss would put you in the 200K yearly profit range just to break even and possibly make it worth the aggravation.
Fulthrotl
~Autocorrect is My Worst Enema.~
- Occupation
- E
NOOOOO!!!! we need a motivational speaker.....
let him pitch his pitch.... i'm all ears....
where's the kool-aid? i'm thirsty....
goldstar
Senior Member
- Location
- New Jersey
- Occupation
- Electrical Contractor
You make it sound really great but in reality you know as well as I do that those kinds of cushy jobs don't exist. What really happens is that you just get yourself settled in, feel comfortable with your position, you buy a house, a new car, have 2 kids and a mortgage and one day the boss calls you in and says "We're downsizing - your position is no longer available !!!". Now you have to go out and try to find one of those nice cushy $100K jobs just like the one you just lost. I'd rather pave my own path, even if I'm not making $200K (at least not this year
.
- Location
- New Jersey
- Occupation
- Journeyman Electrician
You make it sound really great but in reality you know as well as I do that those kinds of cushy jobs don't exist. What really happens is that you just get yourself settled in, feel comfortable with your position, you buy a house, a new car, have 2 kids and a mortgage and one day the boss calls you in and says "We're downsizing - your position is no longer available !!!". Now you have to go out and try to find one of those nice cushy $100K jobs just like the one you just lost. I'd rather pave my own path, even if I'm not making $200K (at least not this year
You make it sound really great but in reality you know as well as I do that those kinds of cushy jobs don't exist. What really happens is that you just get yourself settled in, feel comfortable with your position, you buy a house, a new car, have 2 kids and a mortgage and one day the boss calls you in and says "We're downsizing - your position is no longer available !!!". Now you have to go out and try to find one of those nice cushy $100K jobs just like the one you just lost. I'd rather pave my own path, even if I'm not making $200K (at least not this year
I was merely answering the question set forth by Mstlucky. Since the OP's question was about jobs paying 100K with benefits I assumed that he wasn't asking about a $15/hour Romex slinger. Just as with any job there's always the possibility of the bottom falling out. I would disagree with your assumption that these high paying jobs don't exist. There are thousands of these jobs in the NYC metro area some paying well above $100K. So the question is if you had one of these jobs would you rather be in your own business?
goldstar
Senior Member
- Location
- New Jersey
- Occupation
- Electrical Contractor
Yeah, I think I still would because I don't believe they're as glorified as you've made them sound (based on my experience anyway). As I mentioned, once you get to that $100K + level they have you by the short hairs. I never grew to like that feeling and I don't have the defense mechanism in my personality to deal with it.
Rewire
Senior Member
- Location
- Lake of the Ozarks
Alot depends on what your goals are . If you are happy being a worker bee then a 100K job with bennies would be a dream job . If your goa is to own your own business then working for someone else despite the monetary incentive would not be enough to give up. As a business owner financial freedom is on my list but it is not at the top.
ceknight
Senior Member
When I started my business a quarter of a century ago I needed the flexibility. Now I want the flexibility.
As I get older and pudgier with middle age, there are times that I'll daydream about one of those $100K jobs with benefits. But that's really what it is, a daydream. The simple truth is that I'm not fit to be someone's employee, and probably never will be. So I'll toil on with my 2-bit business and take time off for fishing trips and grandkids pretty much any time I feel the need, on short notice.
goldstar
Senior Member
- Location
- New Jersey
- Occupation
- Electrical Contractor
That pretty much sums it up for me as well (except the pugdier part). :thumbsup:
Rewire
Senior Member
- Location
- Lake of the Ozarks
If I ever stopped enjoying being on the business side then I would look at working for someone else.
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