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Posted on 7/10/18 at 9:11 am to btr08ex
What the end game is the most important decision initially in my mind now that im looking back. You have to decide if you want to eventually go full time or always keep it a side gig. Both have their own pros and cons obviously.
From 2009 until 2011 or 2012, I was part time, a "hustler." I was working for a major healthcare provider, doing the corporate thing. I was making 36 or 39k a year with benefits. After insurance, 401k, etc. I would bring home roughly 1000 bucks every other week. I was miserable in that cubicle and on top of that I was working pretty much every Saturday and Sunday pressure washing. I eventually got to the point where in my head I was like I could definitely make 500 a week pressure washing And go on my wife's insurance. You'll do that and have that mentality for a year or two, but eventually you have to scale, eventually you'll want to have help and then comes another can of worms. Eventually you'll want weekends back. And eventually what was once a cash business becomes one where you may operate at 50 percent in a good year. Have you seen the cost of workers comp, pay roll taxes, general liability and commercial auto in this state? At times I feel like I work to make payroll and chip away at my quarterly IRS tax payments. That's when I miss it being a side gig.
Mrs. Stella down the street whose driveway you cleaned for a hundred bucks 10 years ago doesn't grasp inflation and overhead.
From 2009 until 2011 or 2012, I was part time, a "hustler." I was working for a major healthcare provider, doing the corporate thing. I was making 36 or 39k a year with benefits. After insurance, 401k, etc. I would bring home roughly 1000 bucks every other week. I was miserable in that cubicle and on top of that I was working pretty much every Saturday and Sunday pressure washing. I eventually got to the point where in my head I was like I could definitely make 500 a week pressure washing And go on my wife's insurance. You'll do that and have that mentality for a year or two, but eventually you have to scale, eventually you'll want to have help and then comes another can of worms. Eventually you'll want weekends back. And eventually what was once a cash business becomes one where you may operate at 50 percent in a good year. Have you seen the cost of workers comp, pay roll taxes, general liability and commercial auto in this state? At times I feel like I work to make payroll and chip away at my quarterly IRS tax payments. That's when I miss it being a side gig.
Mrs. Stella down the street whose driveway you cleaned for a hundred bucks 10 years ago doesn't grasp inflation and overhead.
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