Entrepreneur_ed
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- Nov 5, 2016
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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?
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