Pros and Cons of Opening Up Your Own Business

[Adrenaline]

What are the pros and cons of opening up your own business?

I'll start:

Pros:
- You get to be your own boss
- You set your own hours
- You have unlimited earning potential
- You can take as many vacation days as you'd like

Cons:
- You have to work very long hours
- You may have to work 6 or 7 days a week
- Your income is variable
- You can lose A LOT of money if your business fails
- You have to do a lot of extra paperwork
- You get no benefits or pension
- Your business has to gross at least 100k/yr for you live above the poverty line

Feel free to add to the list.

[Cinema Face]

Cons:
Risky
Can't quit or walk away from it easily

[Rockslinger]

The best businesses are ones that require no financial capital or running costs. An example would be an outcall agency. All you need is a cellphone, TTC tickets and, oh yes, women:p.

Easy to startup and easy to winddown.

[toughb]

What are the pros and cons of opening up your own business?

I'll start:

Pros:
- You get to be your own boss - Your customers are your boss.
- You set your own hours
- You have unlimited earning potential
- You cannot take as many vacation days as you'd like

Cons:
- You have to work very long hours
- You will have to work 6 or 7 days a week
- Your income is variable
- You can lose A LOT of money if your business fails
- You have to do a lot of extra paperwork
- You get no benefits or pension
- Your business has to gross at least 100k/yr for you live above the poverty line. This depends on you profit margin and line of endeavor.

Feel free to add to the list.
***

I corrected part of your post. Hope you don't mind. I ran my own business for 15 years.

Only open a business in a field that you have years of previous experience in.

Do not open a franchise.

...:)

[to-guy69]

~10% of your clients will not pay you.

[kumamake]

if its going to be a one man operation and there lots of other companies offering same services as yours!!!!!

NO VACATIONS FOR YOU

[Brill]

A one person operation is the most flexible one, other people aren't depending on you. You can budget your own vacation and benefits if it's a successful business, you can tell a client to go elsewhere as well.
Just look at the most successful escorts, their portable skills and low overhead mean they can be freer and more independent than most people.
A good writer has the same situation, unless they have tied themselves to a demanding contract.

[21pro]

keep in mind that these suggested pros and cons aren't going to help you and shouldn't be the deciding factor in helping you decide whether to go into business or not.

for me, going into business for my self was a necessity. I played semi-pro hockey in Germany after jr. and needed income on flexible hours worked. Sure I had a condo and a vehicle supplied by the team, but I knew I wasn't NHL bound, but still loved the game and it brought me around the world. while in Germany I learned about robotic painting techniques from a neighbour in my building who's company was a major sponsor of our hockey league in Germany... I took on an 'interest' in working for him during my rest time away from the rink...

Anyways, I took some of the technology back to Canada and in 2000 set up a shop in Brampton working via contract for Magna painting some of there then 'locally' warehoused auto parts. It wasn't a clear path from hockey to auto paint that was taken... I dabbled in college, coached summer hockey, worked at a few hockey shops, etc... but, the business made the most sense to me. Once set up, in 1 year I developed a newer more advanced system for painting that is entirely robotic... got some patents and really started doing business when I was able to manufacture and sell my technology to other new car part plants around the world.

Sold the business a few years ago now and have been a 30 something retiree for the last few years entertaining a passion of mine in coaching hockey and trying to master it. Coaching so far does not pay well and may never... but, who knows???

I'm certain that I will be in business for myself again some day, but don't think I will ever hit a home run such as I did in my 20s...

I 100% agree with the pros and cons of being sole operator. I quickly erased myself from that position as I wanted paid-free-time, not to be consumed by my job. Plain and simple, it is much better to hire out for the best people to do each needed task that they do best and pay them well for it. My 3 managers all made over $160k/yr... I had an administrative team of 5. And about 20 technical workers. Myself, I enjoyed being an innovator and thinking creatively... I believe it is what I did best for the business... every other task I contracted out to people that did their own work better than any average worker.

If I would have tried to run this shop by myself, I'd be making 100k/yr, but 365 days a year nearly and would have never got any blue chip contracts that raised my yearly sales to well over 8 figures.

[Hanibal]

why would you need to work 6 or 7 days a week?
the whole point of opening a business is not to work, your a flat-out idiot if you work full time and own a business, hire some pimply kid and pay the bastard 10 bucks an hour

[drlove]

Your business has to gross at least 100k/yr for you live above the poverty line

Not necessarily. I'd say grossing $100 K+ is living well above the poverty line. For instance, take an escort agency: relatively little overhead, so much of the generated revenue flows to the bottom line.

[Rockslinger]

take an escort agency: relatively little overhead,

The biggest overhead for an outcall is probably lawyer fees.

[Rufus Doofus]

An interesting topic I finally trust that I know something about. I'm still a long way from any retirement ;-) but have been able to be self-employed during two thirds of my life. I have studied small business in university and utilized the knowledge, hands-on. The following are my in-depth and hopefully astute points on small business. I currently own a very small corporation working in international trade which has been in operation for twelve years.

PROS
- there is no one I can't tell to go fuck themselves.
- I finally got some decent looking business cards printed.
- I am responsible for the quality of my work and my future is in my own hands.
- I'd rather be a Fucker and not a fuckee.

CONS
- given there are so many negative points including 60% failure in year 1 to 90% by year 3, the following statement in not made in seclusion from reality.
- if the first 4 positive points mean anything than there can not be any cons.
- money has no standing because as long as your physical needs are met however poorly, the benefit in independance and self-determination are far greater.

[WoodPeckr]

This way you can give yourself an obscene salary and bonus and if your Ponzie scheme crashes you get taxpayer monies to bail out your crooked arse out so you can again give yourself an obscene salary and bonus.
And best of all bottie and his frenchy pal will defend your greedy crooked avarice on this board....:cool:

[tboy]

The biggest overhead for an outcall is probably lawyer fees.

Why do you say that? Unless they are doing something really bad (like underage girls or whathaveyou) LE leaves them alone. Plus there is some vagaries in terms of what they can be charged WITH.

Remember: outcalls are 100% legal.

As for being self employed: yes, there are often times when you work on stat holidays etc. But the number one thing is: you're in charge of your own destiny. I worked corporate for YEARS and have nothing to show for all the overtime I put in, all the policies I helped develope, all the ruined relationships. (I was working on average 100 hrs a week).

If you can turn your primary residence into your place of business, so much the better.

Anyone who is trained in an area where you CAN operate independantly and doesn't is a fool (in my opinion)........

[Rockslinger]

Unless they are doing something really bad (like underage girls or whathaveyou) LE leaves them alone.

That is true now but one never knows what might happen in the future. I suspect that agencies are always in consultations with their lawyers.

[tboy]

That is true now but one never knows what might happen in the future. I suspect that agencies are always in consultations with their lawyers.

Well, they certainly aren't going to make living off the avails any MORE illegal. The only thing that could happen is they'd change the law to indicate that living off the avails is legal as long as the situation is voluntary.

But, like I said, LE is only interested in the pimps who prey on underage or coerced women. A booking agency with an agreement between two consenting adults is SO not their priority....

[Rockslinger]

Well, they certainly aren't going to make living off the avails any MORE illegal. ....

It is not even a question of the nature of the business. My boss runs a perfectly legal business and he spends a ton of money on legal advice because there are so many rules, regulations, bylaws, tax laws, immigration laws, etc. that it is so easy to be offside.

When he instituted the corporate "no hugging" policy, he got two legal opinions confirming that it is legal but not "without doubts". His concern was that trying to implement a "zero tolerance" sexual harassment policy the company might be violating an employee's Charter rights to hug another consensual adult even if another adult standing nearby finds it offensive.
It is not easy being a boss nowadays.

Remember when the TD Bank tried to implement a drug testing policy? Apparently, this violated the employees' Charter rights. No, you cannot compel your employees to pee into a test tube.

[Rockslinger]

If possible, try to operate your business as a LIMITED LIABILITY COMPANY. That way you won't risk your entire personal net worth if a customer comes into your shop and slips and breaks an ankle.

[tboy]

It is not even a question of the nature of the business. My boss runs a perfectly legal business and he spends a ton of money on legal advice because there are so many rules, regulations, bylaws, tax laws, immigration laws, etc. that it is so easy to be offside.

When he instituted the corporate "no hugging" policy, he got two legal opinions confirming that it is legal but not "without doubts". His concern was that trying to implement a "zero tolerance" sexual harassment policy the company might be violating an employee's Charter rights to hug another consensual adult even if another adult standing nearby finds it offensive.
It is not easy being a boss nowadays.

Remember when the TD Bank tried to implement a drug testing policy? Apparently, this violated the employees' Charter rights. No, you cannot compel your employees to pee into a test tube.

Yeah, there are those who worry about that sort of thing and those that don't. Now you HAVE to compare apples to oranges there Rock: we're talking about an independant agency owner with 2 maybe 3 staff members who take calls and book appointments. Most likely out of their own home......we're NOT talking about a multi billion dollar corporation with 100's of offices all over the world.......

I know a couple of agencies are just a person, a daytimer, and a phone. No worries about immigration, no worries about HR issues......

For eg: I'm self employed. I have NO employees. When I need extra help I hire a sub-contractor even if they are not per se.

[SkyRider]

Our local mom and pop photofinishing shop went bankrupt last year. Couldn't compete with the local Wal-Mart and digital cameras. The guy said he spent $300,000 on a Norbord (?) lab machine just a few years earlier.

[tboy]

Our local mom and pop photofinishing shop went bankrupt last year. Couldn't compete with the local Wal-Mart and digital cameras. The guy said he spent $300,000 on a Norbord (?) lab machine just a few years earlier.

Yeah, when you operate your own business (whether it be retail, corporate, contractor, or whatever) you have to know your market. The film processing industry is a dying breed. Just like the abacus, turntable, ice delivery, etc.

Wasn't Kodak on the ropes a few years ago?

[SkyRider]

Wasn't Kodak on the ropes a few years ago?


Heard that Kodak actually discovered the digital camera but hid it in the closet for fear that it would hurt their film business.

Here is an advice for the entrepreneur. Never be arrogant.

[slowhandslice]

There are numerous benefits of running your own business but
it all depends on you. The hours will be long and if you hire someone
else to work for you, you're very luck if you can get someone that
you can regularly depend on. The other thing is now you have to
consider competition from all areas and the changes in any market
come faster than they use to. You have no benefits and while you may
save on contributing to EI, you won't collect any if your business goes
under.

[mb12ca]

What are the pros and cons of opening up your own business?

I'll start:

Pros:
- You get to be your own boss
- You set your own hours
- You have unlimited earning potential
- You can take as many vacation days as you'd like

Cons:
- You have to work very long hours
- You may have to work 6 or 7 days a week
- Your income is variable
- You can lose A LOT of money if your business fails
- You have to do a lot of extra paperwork
- You get no benefits or pension
- Your business has to gross at least 100k/yr for you live above the poverty line

Feel free to add to the list.

There is very little benefit if any to running your own business. I did for almost 6 years and it was the worst time of my life. You are responsible for everything that happens, don't have much control over what does take place, and you have to deal with so many pain-in-the-ass diva type persons (men and women). The government will bother you as will everything else after a while. Competition is also fierce, so if you do open a business, make sure you specialize in something and have a plan to start growing your business from the day you open. I will give you an example.

Let's say you want to open a general discount store. So you look for a space of 5000 square feet and you stock it with general merchandise at cheap prices. Because you are small and because your space and working capital is limited, you will have a near impossible time competing with all the other general sellers in your surrounding marketplace. You won't be able to grow, because you won't find success in your positioning in said market.

Now, instead of opening a store and selling everything and anything, let's say you chose a category that you knew was in demand. Let's say you wanted to stickers (stickers were very popular in my store, they are low cost and high margin. So, you decide to rent a 2000 square foot space and stock it with every sticker available to you in the market. Kids stickers, scrapbooking stickers, imported-overseas stickers from all around the world etc. You would most likely have the best and most exclusive selection on the market, you could negotiate better deals with suppliers because you would be buying larger amounts, and customers would chose you over the Walmart's, Michael's type stores because they would see you as being better. The likely success that would result would allow you to generate enough cash flow to duplicate your initial success in another market, therefore resulting in growth and more economies of scale.

[Rockslinger]

Now, instead of opening a store and selling everything and anything,

It is amazing how Sam Walton build Wal-Mart from one little store in Arkansas after WW II.

It is also amazing how the founder (forget his name now) built Tim Hortons or how Mr. Bell built Taco Bell. Bill Gates is another success story and Google and Facebook.

[tboy]

It is amazing how Sam Walton build Wal-Mart from one little store in Arkansas after WW II.

It is also amazing how the founder (forget his name now) built Tim Hortons or how Mr. Bell built Taco Bell. Bill Gates is another success story and Google and Facebook.

You're such a goofball sometimes, DOH it was TIM HORTON who started Tim Horton's....LMMFAO.....

BTW: starting your own business doesn't just mean a "company" or "retail"....one can start small and be self employed. Then when you grow, you can start acquiring employees, office space or what have you.

Hell, SP's "own their own business", escort agencies have a phone, a phone book, a computer and a bunch of subs. You don't need a billion dollars or invest a shit load of money to start a business.....

[mb12ca]

It is amazing how Sam Walton build Wal-Mart from one little store in Arkansas after WW II.

It is also amazing how the founder (forget his name now) built Tim Hortons or how Mr. Bell built Taco Bell. Bill Gates is another success story and Google and Facebook.

Sam Walton got a $20,000 loan from his father-in-law (I think it was his father-in-law or someone close to him) to open his first store. That was in the 50's I believe, which in todays money would be like being given a million dollars plus. I had to start my business with my own money. No one gave me anything. If i had of been given a million or more to start, it would have been so much easier to grown and become successful. My advice was to people who start business without alot of capital. It is an entirely different story if you have alot of capital. Also, Larry Rossy, the founder of Dollarama who is now worth over a billion dollars, inherited his families business of 20+ discount stores, so when he converted them to dollar stores in 1992, he was already ahead of the game just in so many ways. Just in the inventory gain changing from higher-end plus dollar items to strictly dollar items, he would of at least generated enough cash flow to pay to have all his shelves stocked after the first turnover of merchandise.

[tboy]

MB12: the problem you had, as I see it, you used YOUR money. First rule of business is: don't use YOUR money, use someone ELSE'S.

That's how banks work.......

[mb12ca]

Ha Ha Ha! I wish I could use other people's money, but unfortunately banks will not lend people like me money. They will lend a group of investors money, they will lend high-flyers money etc., but little nobodies like myself either have to put up home-equity or some other type of guarantee.

I think it is a myth that banks lend people money and expose themselves to risk. That is only the case with a select group of people or on television.

[Rockslinger]

You're such a goofball sometimes, DOH it was TIM HORTON who started Tim Horton's....LMMFAO.....

I plead guilty to being a goofball, sometimes:p but Tim Horton was actually just the frontman. The real founder is a retired policeman name Ron Joyce. When the real Tim Horton died in a car crash, Ron paid his widow a million dollars to buy the entire company. Tim's widow blew the million dollars on junk and sued Ron for more money and she was denied by the courts.

[tboy]

errrr.....

"It was founded in 1964 in Hamilton, Ontario by Canadian hockey player Tim Horton and Jim Charade, after an initial venture in hamburger restaurants. In 1967 Horton partnered with investor Ron Joyce,....."

[Rockslinger]

"It was founded in 1964 in Hamilton, Ontario by Canadian hockey player Tim Horton and Jim Charade, after an initial venture in hamburger restaurants. In 1967 Horton partnered with investor Ron Joyce,....."

1964 is ancient history. It didn't become a major success until Ron Joyce showed up on the scene and it was Ron who built it into the multi-national company it is to-day. I think Ron sold out to Wendys for something like $300million and Tim's widow re-surfaced and wanted some of that money.

Can you imagine if you bought some shares of RIM from Tim's widow for $3 and now it is worth $70 and she wants some of that $70:(?

[Medman52]

In 2010 it will be the start of my 34th year being self employed and I don't regret any of it.

The worst:
In the beginning getting loans was nearly impossible.
Putting money aside for the slow times ( and there are always slow times)
No vacation pay, no EI, no benefits (health etc)of any kind.
Having to work when sick or not working and not getting paid.
Being available to clients 24/7

The Best:
Not having to beg for time off.
Once the business was established, I get to set my schedule ( not 100% of the time but nearly)
and the very best: I now can take all the time off I want :)

Good luck man!

[eldoguy]

1964 is ancient history. It didn't become a major success until Ron Joyce showed up on the scene and it was Ron who built it into the multi-national company it is to-day. I think Ron sold out to Wendys for something like $300million and Tim's widow re-surfaced and wanted some of that money.

Can you imagine if you bought some shares of RIM from Tim's widow for $3 and now it is worth $70 and she wants some of that $70:(?

That's okay in the end result, Ron Joyce son married, Hortons daughter. Let the next generation sort it out.

[out4fun]

MB12: the problem you had, as I see it, you used YOUR money. First rule of business is: don't use YOUR money, use someone ELSE'S.

That's how banks work.......

It's virtually impossible to get commercial bank loans for a new business. The bank will require 100% personal guarantees, collateral mortgages - in effect, if you loose money it will be your own.

[tboy]

It's virtually impossible to get commercial bank loans for a new business. The bank will require 100% personal guarantees, collateral mortgages - in effect, if you loose money it will be your own.

It all depends on the business. I remember way back in the 90's I started up a boat charter business and because it was tourism related, everyone wanted to help. Ontario Government with free advertising, advice, etc. and direction to interest free loans, business groups, free business management courses, etc. It was mind boggling actually. For the first two years I got calls about once a week from "officials" lending support.

[Juldet]

Depending on your business, you will spend a lot of money on legal fees. Your customers, employees or suppliers may sue you...EVEN IF YOU DO EVERYTHING RIGHT AND KEPT YOUR NOSE CLEAN! Always keep a war chest because jealous, lazy people will come after you hard once they see you make some good money. Just my 2 cents. Corporation, shmorporation, there are many ways to bring in directors and officers in their personal capacity, the government does it all the time and a good lawyer can pierce the corporate veil and sue you personally. Generally though...a corporation does insulate you from personal liability.

[Rockslinger]

In 2010 it will be the start of my 34th year being self employed and I don't regret any of it.

Wow! You remind me of that TERBIE who sold his meat packing business for $25million and wants to spend the proceeds on women. Any plans to cash out soon?

[Rockslinger]

I started up a boat charter business .

This is interesting. My boss charters his yacht (when he is too busy to use it) but he insists on supplying the crew to operate it.

[tboy]

This is interesting. My boss charters his yacht (when he is too busy to use it) but he insists on supplying the crew to operate it.

Well, I had numerous people who wanted to pilot it themselves but:
1) It takes some skill to drive a vessel of size. It is like driving a car on glare ice with no directional control and no brakes
2) Insurance is high enough, to allow an unskilled person to pilot it would make the rates even higher
3) Boats are extremely costly to repair
4) You can't go into the harbour without proper documentation anyways so they wouldn't be able to go cruising in the most interesting place.

[Rockslinger]

Well, I had numerous people who wanted to pilot it themselves but:

All good reasons, here are 3 more:
1) It keeps his crew gainfully employed.
2) The crew keeps an eye on the guests so they don't hurt or kill themselves.
3) The crew also ensures the guests don't thrash the boat.

My boss said he paid $400,000 for the yacht. Is that plausible?

[tboy]

All good reasons, here are 3 more:
1) It keeps his crew gainfully employed.
2) The crew keeps an eye on the guests so they don't hurt or kill themselves.
3) The crew also ensures the guests don't thrash the boat.

My boss said he paid $400,000 for the yacht. Is that plausible?

Yup VERY plausible. I had a little 30 footer that retailed for $96,000.00 in 1990. A couple of years later I was looking at a 42' sea ray with a fly bridge and it retailed for $450,000.00.

[Rockslinger]

Yup VERY plausible. I had a little 30 footer that retailed for $96,000.00 in 1990. A couple of years later I was looking at a 42' sea ray with a fly bridge and it retailed for $450,000.00.

Yup, his boat is a 42 footer and is "winterized" but he has to be careful that the ice doesn't crush the boat. Do SP's do outcalls to a yacht?

[Medman52]

Any plans to cash out soon?

At times I think about it every day...but then I imagine punching a clock everyday and I break out into a cold sweat!!

[Rockslinger]

At times I think about it every day...but then I imagine punching a clock everyday and I break out into a cold sweat!!

My boss "The Big Guy" will probably hand the business to his children in the next 10 years and then he will retire to his 42 foot yacht. If his kids are half as competent as their dad, the business will be in good hands.

[tboy]

At times I think about it every day...but then I imagine punching a clock everyday and I break out into a cold sweat!!

Like me, I'd rather live in a cardboard box than work for someone else ever again......

[21pro]

My boss said he paid $400,000 for the yacht. Is that plausible?

I know someone that trades in yacht's actively. No restoring or repairs... he just buys and sells at great profit, he has a limit of 75% profit margin, with most over 100% margins.

He said he rarely has to go out looking for deals... People call him everyday with boats needing a new owner.

[Rockslinger]

People call him everyday with boats needing a new owner.

True story. I saw Conrad Black's yacht pass by with only one of the two engines working. This was about a year or two before he went to jail. Wonder who is the owner of that yacht now.

[tboy]

I think it was '95 or so where boats were going for 25 cents on the dollar. Many MANY people want boats, the idea of boats, but don't realize the sheer cost of it. I only had a 30 footer and it'd cost me between 6 and 10 K a year to own it. (mind you this is keeping it in a marina within the GTA, it is cheaper outside the city).

Nevermind the cost of fuel, at full throttle (50 mph) mine would burn 3 gallons per mile. I was looking at an Emo Fitipaldi Scarab and it burned 300 gallons per hour at 78 mph. You do the math lol.....

[Rockslinger]

Many MANY people want boats, the idea of boats, but don't realize the sheer cost of it. ..

But, they are babe magnets. Insert smilie here.

[tboy]

But, they are babe magnets. Insert smilie here.

LOL it's cheaper to just get escorts.....

Put it another way:

It's been a few years since I had mine but when I did:
1) Slip: $3800.00
2) Winter Storage: $2800.00
3) Transport to and from storage: $1000.00
4) annual maintenance on the engine: $700.00
5) Hull painting and cleaning: $400.00
6) Full tank of fuel: $625.00
7) New canvas/canvas repairs (every 3 years): $1500.00
8) Insurance: $4000.00
9) Ropes lines and lost fenders: $500.00

Just remember: put "marine" on the package and the price triples. For eg: #8 x 1" ss screw: CTC: $1.29 for 8 marine store? $1.25 each.

[Medman52]

32 ft boat just outside of the city

1) Slip: $2400
2) Winter storage (including launch in Spring) $1200
3) No need for transportation-it's stored at Marina
4) Maintenance on Engine $150 (Oil and filter twice a year) do it myself
5) Bottom anti-foul painting $200 ( do it myself)
6) Hull wax $300 (pay for it to be done)
7) No canvas repairs it's in good shape ( after 7 years)
8) Insurance $1100
9) New dock lines every year $175
10) New toys every year $500 approx
11) 2 tanks of Diesel a season approx $200 (Sailboat)
12) Mast stepping in the Spring $275

[tboy]

mumblemumblemumblesheetflappermumblemumblemumble lol....

I find canvas lasts longer up north, less pollution in the air. I had a plastic windshield that was angled and it wouldn't last 1 1/2 seasons due to fallout. Supposedly there's a sealer on the surface that protects it from damage. Once that seal is damaged it doesn't last long.

I had a new one put in one spring, then 3 weeks later we had a hail storm, one week later it was so yellow you couldn't see through it....(that's when I learned about the sealer).

My sunbrella canavas intself was fine, it was the threads that fell apart after a season or two.....

[Rockslinger]

Just remember: put "marine" on the package and the price triples.

The same can be said for "medical". Put "medical" on a pair of latex gloves and the price jumps from 10cents to 50cents a pair.

[Medman52]

mumblemumblemumblesheetflappermumblemumblemumble lol....

I find canvas lasts longer up north, less pollution in the air. I had a plastic windshield that was angled and it wouldn't last 1 1/2 seasons due to fallout. Supposedly there's a sealer on the surface that protects it from damage. Once that seal is damaged it doesn't last long.

I had a new one put in one spring, then 3 weeks later we had a hail storm, one week later it was so yellow you couldn't see through it....(that's when I learned about the sealer).

My sunbrella canavas intself was fine, it was the threads that fell apart after a season or two.....

The main problem with my canvas is keeping the f**cking sh*t hawks off of it!!!

[tboy]

The main problem with my canvas is keeping the f**cking sh*t hawks off of it!!!

I feel your pain dude, I feel your pain.....

[icup123]

Just want to put in my 2 cents to this thread, in my mid 20's I already had a high income job BUT something was missing... felt like a dog for some reason.. I would get a bonus that was supposed to make me happy (it did for the first years), my boss above me would get a bigger bonus, boss of boss get a new mansion etc..

decided to quit my job and start a new business over a year ago....... now in my late 20's , work around 14 hours a day, 7 days a week .. finally seeing the big payoff .. of course I don't have as much leisure time as my peers or as much as I would like to have but I am starting to see the fruits of my labour.. hoping that in the future with a system set in place I wont need to work as hard later on..

overall most satisfying feeling I have got so far in my life!. Definitely need to work your arse off ! but if you have a dream take the necessary steps to reach them :)

[Medman52]

work around 14 hours a day, 7 days a week .. finally seeing the big payoff .. of course I don't have as much leisure time as my peers or as much as I would like to have

Give it some time, I was in your shoes...now after many years, I play hookey A LOT!!! Ya know why? Because I KNOW the boss!!! :)

[icup123]

thanks :) I have noticed that I have started to ease back alittle bit!~~ hopefully in a few years I follow in your footsteps lol!