Entrepreneur_ed
New Contributor
- Joined
- Nov 5, 2016
- Messages
- 2
Rep Bank
$40
$40
User Power: 300%
In 2 weeks I will be starting my first business. No, it won't be my first wordpress blog or Alibaba ebay store (although nothing wrong with these), it will be an insulation company. I have all the appropriate tools, read countless websites, articles and some books on my industry. I have a notepad full of relevant information. Although I know I still know absolutely nothing, but enough to start.
I have a big concern about scale; essentially I will be an independent contractor for the first 6months/1year/2years. My income is limited to work time put in, the way up is hiring more staff (more carpenters, painters, admin, accountant ETC), however this is only scalable to a point; theres only so much work the business could take on and even getting to that point is a long road. Say to an ecommerce store, your customer count is potentially limitless and sales it also potentially limitless.
Please don't think Im lazy, Im ready to bust my balls and Im going to start anyway for the shot at being an entrepreneur.
The plus side to the business is there is room for big expensive projects, $10,000 type payouts. Of course it would take alot of experience to have the knowledge to do this (still willing to try) and the average job would be $100 ballpark. There is definitely some magnitude to the cost of work but Im still limited to the rare client that needs that AND local business opportunities.
Question : When starting a trade-type business are you essentially handicapping yourself at ever scaling larger? Will you always just be "self employed" and never more because of the nature of the business?
I have a big concern about scale; essentially I will be an independent contractor for the first 6months/1year/2years. My income is limited to work time put in, the way up is hiring more staff (more carpenters, painters, admin, accountant ETC), however this is only scalable to a point; theres only so much work the business could take on and even getting to that point is a long road. Say to an ecommerce store, your customer count is potentially limitless and sales it also potentially limitless.
Please don't think Im lazy, Im ready to bust my balls and Im going to start anyway for the shot at being an entrepreneur.
The plus side to the business is there is room for big expensive projects, $10,000 type payouts. Of course it would take alot of experience to have the knowledge to do this (still willing to try) and the average job would be $100 ballpark. There is definitely some magnitude to the cost of work but Im still limited to the rare client that needs that AND local business opportunities.
Question : When starting a trade-type business are you essentially handicapping yourself at ever scaling larger? Will you always just be "self employed" and never more because of the nature of the business?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
