readydave8
re member
- Location
- Clarkesville, Georgia
- Occupation
- electrician
Many or most successful business owners faced the same obstacles the unsuccessful did
Thanks im gonna try to liquidate everything i have and just live on nothing for a year and go out guns blazing the only major issue i see coming is supply chain other shops have chinese wire stocked for 5 years worth of work thats the one big reason they can keep work and take all these jobs to force out competition. Pvc coated wire right now is outrageous.Lots of good advise from many people who have been doing it and know what they are talking about. I turned to this forum when I first started out and still do from time to time. I’m only a year into running my own show and everything has been a huge learning curve. Vastly different ballgame running your own business vs. working for someone else. All the advice you’ve been given is gold. I’d just like you to hear it from someone who recently has taken the leap you are contemplating, if you have what it takes, and enjoy it, running your own business is very rewarding. If you want time off then you just don’t schedule work for those days, you can choose to buy toys with your profits or grow your business, if you don’t feel like an individual or business is a good fit for you to be doing work for then you don’t do work for them anymore. I started off last year this time with 17k, that bought me a van and van stock, if I were to walk away today and sell my two vans/material, cash out the business checking account, I’d walk away with around 70k. Not bad for a little less than a year in, but I’ve worked my ass off for the past year, we are in decent economic times, I’m close to large metropolitan areas, I love what I do, many things go into being able to make a living at this. At the end of the day once all the homework has been done, all that’s left to do is just do it. Good luck to you!
No i cant test for my license because i have nothing to my name and right now i owe 15k still on my truck. Even after selling my other truck for 3000 or so and scrapping all beaters i have parked up i wont even have 10,000 and u have to show 10,000 net worth. Unless im misunderstanding something. But yes besides for that i could take the course study and test in. Here we also need a business and law course and then u can get a vocational license which means up to 50,000$ projects to do bigger u need a contracting license....its weird how things are done here.You say you have 8 years in, can you test for your license?
Yes indeed that is very foreign to me - all those obstacles to earn a living. Ridiculous.No i cant test for my license because i have nothing to my name and right now i owe 15k still on my truck. Even after selling my other truck for 3000 or so and scrapping all beaters i have parked up i wont even have 10,000 and u have to show 10,000 net worth. Unless im misunderstanding something. But yes besides for that i could take the course study and test in. Here we also need a business and law course and then u can get a vocational license which means up to 50,000$ projects to do bigger u need a contracting license....its weird how things are done here.
It feels like a prison i dont wanna be a whiner but i was born with nothing to my name. Ive busted my ass at every job ive worked at and left them when i couldnt get a raise to go somewhere better. I thought union was the golden ticket and was told that contractors would pay above scale for my experience well i did 2 1/2 gruelling years on peanuts and its broken my spirit that along with no work in our jurisdiction leading me to have to drive 4 hours unpaid every day is wearing down on me. And when i cant catch a ride its costing me in fuel and mileage on my truck. I simply am not making enough to ever have the capital to take classes, pay fees and cover upfront costs. I feel stuck. Im living with my grandma and feel like a loser.Yes indeed that is very foreign to me - all those obstacles to earn a living. Ridiculous.
Is there any way for you to move?It feels like a prison i dont wanna be a whiner but i was born with nothing to my name. Ive busted my ass at every job ive worked at and left them when i couldnt get a raise to go somewhere better. I thought union was the golden ticket and was told that contractors would pay above scale for my experience well i did 2 1/2 gruelling years on peanuts and its broken my spirit that along with no work in our jurisdiction leading me to have to drive 4 hours unpaid every day is wearing down on me. And when i cant catch a ride its costing me in fuel and mileage on my truck. I simply am not making enough to ever have the capital to take classes, pay fees and cover upfront costs. I feel stuck. Im living with my grandma and feel like a loser.
I'm actually kind of glad that someone who's not financially stable can't get a contractor's license. A person who has negative net worth not someone we should be trusting other people's money with. I could see some kind of a handyman type license where you could do $1,000 or $2,000 projects but a guy who's living off of his credit cards and advances from his projects is almost doomed to fail. And it's almost certain that he will take one or more of his customers with him.Yes indeed that is very foreign to me - all those obstacles to earn a living. Ridiculous.
I would like to keep from doing that as all my family is from louisiana.Is there any way for you to move?
I've heard from a friend that Houston is crazy busy.
In Kansas City everybody's busy too.
Well what happens when the economy is so bad and america as a whole has shifted to a credit based economy where the federal reserve has total control of money and credit to where poor blue collar workers cant afford to buy anything necessary in life without going into debt while also making it hard for americans to even build credit when they are paycheck to paycheck?I'm actually kind of glad that someone who's not financially stable can't get a contractor's license. A person who has negative net worth not someone we should be trusting other people's money with. I could see some kind of a handyman type license where you could do $1,000 or $2,000 projects but a guy who's living off of his credit cards and advances from his projects is almost doomed to fail. And it's almost certain that he will take one or more of his customers with him.
I guess we have a different opinion. I prefer less government involvement in this area.I'm actually kind of glad that someone who's not financially stable can't get a contractor's license. A person who has negative net worth not someone we should be trusting other people's money with. I could see some kind of a handyman type license where you could do $1,000 or $2,000 projects but a guy who's living off of his credit cards and advances from his projects is almost doomed to fail. And it's almost certain that he will take one or more of his customers with him.
Well what happens when the economy is so bad and america as a whole has shifted to a credit based economy where the federal reserve has total control of money and credit to where poor blue collar workers cant afford to buy anything necessary in life without going into debt while also making it hard for americans to even build credit when they are paycheck to paycheck?
America has fallen to late capitalism it was built on entrepreneurship.
Im not asking for anything just stating why this requires me to take on significantly more risk and how if i dont try to get out there with what i have i will never make it as anything the rant aside its good to rant sometimes and let it keep from being bottled up. That was just because he was talking about the 10,000 equity requirements and i explained how thats foolish.You won’t get anywhere blaming the system, capitalism, the government, or others (including undocumented workers). Those thing are out of your control so no use in getting worked up about them. Find a way to get better. We’re all dealt a different hand, it’s up to you to make do with what you have. If you don’t want to accept that then maybe you too are looking for a handout…
Also those things are not out of my control. You should choose to see the world not how it is but as u wish to shape it.You won’t get anywhere blaming the system, capitalism, the government, or others (including undocumented workers). Those thing are out of your control so no use in getting worked up about them. Find a way to get better. We’re all dealt a different hand, it’s up to you to make do with what you have. If you don’t want to accept that then maybe you too are looking for a handout…
Me too. But as long as government is somehow involved in it I would prefer they not give contractor licenses to people who are not financially stable.I guess we have a different opinion. I prefer less government involvement in this area.
That would have been me, for sure. No debt was the only difference.Me too. But as long as government is somehow involved in it I would prefer they not give contractor licenses to people who are not financially stable.
Also those things are not out of my control. You should choose to see the world not how it is but as u wish to shape it.