re: Working for yourself

You only get one life, and it goes by rather quickly. At the end of your life would you rather be thinking, “I should have dared”, or “I wish I hadn’t lost a few bucks daring”? And that latter choice includes the possibility of success.

man....you sound like the issue. you dont really make that much and you have hinted at you havent been doing accounting very long.....

1) its a lot tougher than you think. with what you make, you arent going to have a bunch of wiggle room

2) if you can handle working for someone than how are you going to open a service type business where half the business is getting new clients aka sales?

sounds like you have personality issues where you dont do well having someone over you and working with others....well starting your own business is even more of that to make it successful

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The worst potential customer. Better to be told up front that he’d never buy from you.

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I made money with him in the beginning, then it began to fall as his biz deals got phucked. It got bad over little things that I wasn't going to make much and he began trying to get terms by having his guy showing up with 50% and saying he would pay the balance in 30 days. Phuck that, it means I'm out of pocket financing him.

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Employing people is somewhat a giant baby sitting service. Personalities, conflicts and trying to create a good company culture is challenging….
If you’re going to employ people, go in eyes wide open…..

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This is the best advice so far. If it wasn't for people, it wouldn't be nearly as difficult. Think about how you now get upset when you are "micro-managed". Now, be prepared to have your employees feel the same way, even if you don't think it's the case.

The hardest part about owning a business is getting the people who work for you to do what you want them to do. I can't overstate this enough.

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The hardest thing is getting clients.

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This is the key.

I'm self employed and I am lucky enough to have 3-4 clients that have kept me almost 100% billable for 7 years.

I keep a rainy day fund to cover about 6 months of no income.

The things I like best about being self employed:
- No boss
- No performance review
- No HR
- Tax write-offs
- Obviously flex hours.

I actually work harder / more hours since I've been self employed. I want to keep my clients happy and have them keep feeding me work,

If hanging out your own shingle is a front burner thing for you, do it. You’re young enough to regroup should your own venture not pan out like you’d hoped. I’ll say one thing for certain, if you don’t pursue your own venture and it’s what you feel you’re being led to do, you’ll kick yourself in the a$$ from now until death. One can “what if” yourself to death.

What kind of business? You mentioned unloading trucks in previous jobs.

Thanks for the assessment. I was waiting for an expert opinion.

Travel ball going well?