Hello Everyone, what I am referring to when I say self employment sucks is owning a small one or two person business where you are responsible to all the work performed.
This is NOT being in business, this is just a job you have created for yourself, and it sucks!
I do agree that in the beginning phases of your business you will have to do this type of work but my point is that you should look to hire people to replace yourself in these roles as soon as possible and work yourself in the position of the OWNER, not employee.
I am in this phase currently.
A couple years ago my vintage auto parts business, which I have over 500K invested in, not including over 1 million of my lost time, totally fell apart (due to me relying on ebay as my primary sales channel, very very stupid on my part). I was basically forced to go back to restoring and repairing classic cars (musclecars and hot rods), go get a job, or go bankrupt.
I had been in this industry most of my life and owned a large shop where I was the owner and had people doing all the work years ago. I sold that business in 2004. Thankfully I kept all my personal tools so I could restore my own classic cars as a hobby but ended up needing them to eat.
I will be 56 next month and I can tell you busting a$$ 6 - 7 days a week doing this very physical, dirty, dusty work SUCKS more that words can describe. I go home covered in sanding dust and exhausted physically (I am in good shape and not overweight or sick, just getting older).
My point is: do you want to be in your 50's - 60's, work 6 - 7 days a week only just to get by, come home sore with bloody hands all while totally wrecking your body? This is what self employment will get you.
Having to work like this is just a temporary, emergency type situation for me. I have a good business built up and will be working myself out of this role very soon.
Thanks for listening.
This is NOT being in business, this is just a job you have created for yourself, and it sucks!
I do agree that in the beginning phases of your business you will have to do this type of work but my point is that you should look to hire people to replace yourself in these roles as soon as possible and work yourself in the position of the OWNER, not employee.
I am in this phase currently.
A couple years ago my vintage auto parts business, which I have over 500K invested in, not including over 1 million of my lost time, totally fell apart (due to me relying on ebay as my primary sales channel, very very stupid on my part). I was basically forced to go back to restoring and repairing classic cars (musclecars and hot rods), go get a job, or go bankrupt.
I had been in this industry most of my life and owned a large shop where I was the owner and had people doing all the work years ago. I sold that business in 2004. Thankfully I kept all my personal tools so I could restore my own classic cars as a hobby but ended up needing them to eat.
I will be 56 next month and I can tell you busting a$$ 6 - 7 days a week doing this very physical, dirty, dusty work SUCKS more that words can describe. I go home covered in sanding dust and exhausted physically (I am in good shape and not overweight or sick, just getting older).
My point is: do you want to be in your 50's - 60's, work 6 - 7 days a week only just to get by, come home sore with bloody hands all while totally wrecking your body? This is what self employment will get you.
Having to work like this is just a temporary, emergency type situation for me. I have a good business built up and will be working myself out of this role very soon.
Thanks for listening.
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