Desk Jockey
Member
Give him both. Hug him while someone runs a hose...tm hose.
Put 1000 people into a room..
- Thread starter Mikey P
- Start date
Last two posts made me laugh very loud.
Bob Pruitt
Member
In a good economy the percentage may be as high as 10 percent. In a bad economy it will be less than 5 percent.
The low numbers are partially a result of a school system/society designed to produce cogs in the big wheel.
Rebellion and thinking outside the box is discouraged and even punished there.
Small business are not for timid or the faint of heart.
The low numbers are partially a result of a school system/society designed to produce cogs in the big wheel.
Rebellion and thinking outside the box is discouraged and even punished there.
Small business are not for timid or the faint of heart.
Mikey P
Administrator
You own a business named Kustom Karpet Kare and you your self look like you're made out of white sheets, just how many Klan member are there in that town of yours?
Old Coastie
Supportive Member
For self employment, the large numbers are fairly constant across all businesses. Only 15% actually make any real effort and make any real money. Of those, only 3 will excell, with 1 of the 15 becoming financially independent.
The Great Oz
Member
I've met owners that wanted to retire and were depressed to learned how little their company was worth, and then elated to find out how much their property was worth. If you use your business income to invest in something else, it might not matter if your business is worth anything.
Papa John
Lifetime Supportive Member
Tougher but more inconvenient question..
Of that tiny percentage whatever it may be, what are the odds that their children are as capable.....
Most millennials are a financial disappointment.
I'd be homeless if I had to rely on my oldest son for my retirement, a slim but better chance of survival with my younger son.
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Jim Williams
Member
Most people don't have the gonads to step out and even attempt self employment. Our society has taught for years that you have to go to college and get a job with a big corporation or you will starve to death.
I pride myself on going against what society says is normal. I knew at an early age I was going to run my own business. I get along great with people but I don't work well with others.
I pride myself on going against what society says is normal. I knew at an early age I was going to run my own business. I get along great with people but I don't work well with others.
Old Coastie
Supportive Member
Ditto
Lee Stockwell
FOJL
I have worked hard to get along with stupid people.
F
FB7777
Guest
And I appreciate it Lee
Kenny Hayes
Member
Also, how many moms and pops can actually work together day in and day out, without any other income, long enough to make it successful??
ruff
Member
Talking about percentages.
How many people here can actually claim that their business when sold will support their golden dreams of their golden years.
My guess is: 0.03% and that's optimistic and includes everybody here.
So unless the definition of success is changed, this is meaningless. Unless, of course, the dream is the message.
Successful may be:
And taking time to smell the roses every once in a while......cause it ain't all about business.
Capiche?!
How many people here can actually claim that their business when sold will support their golden dreams of their golden years.
My guess is: 0.03% and that's optimistic and includes everybody here.
So unless the definition of success is changed, this is meaningless. Unless, of course, the dream is the message.
Successful may be:
- Enjoying your business and liking your clients.
- Making enough income to support your chosen lifestyle.
- Being smart enough to put money aside on a regular basis to allow you to invest (real estate, stocks etc. diversify!) for your retirement.
- Not forgetting that business is important but your family and friendships are more.
And taking time to smell the roses every once in a while......cause it ain't all about business.
Capiche?!
Desk Jockey
Member
It ain't all about business? 
Well shit...now you tell me!
Well shit...now you tell me!
Kenny Hayes
Member
When a man says it ain’t about the money, It’s always about the money!
Desk Jockey
Member
lol
Old Coastie
Supportive Member
What is “money”?
A verb?
A verb?
Kenny Hayes
Member
When a man says it’s not about sex, it’s always about sex!!
Desk Jockey
Member
Yeah they either have too much money...bastards!
Or They have too little money...dumb bastards!
Desk Jockey
Member
It's ALWAYS about sex, whether it's said or not.
F
FB7777
Guest
The business is a vehicle for the intelligent business owner
Some grow it and purchase a building to operate out of
Others invest in additional real estate or invest with the profits
I agree with your low % estimate of retiring rich off the sale of the business...
When I'm done with my business (vehicle) I'll hand the keys to my kid or sell it for a couple buck IDGAS
Its getting me where I want to go
Kenny Hayes
Member
And one turns the other.
Cleanworks
Moderator
Whether you have the money or not.It's ALWAYS about sex, whether it's said or not.
Mikey P
Administrator
ruff
Member
Sorry Mike. I forgot this:
And this for Capitoni
As they say: Different strokes for different folks.
And this for Capitoni
As they say: Different strokes for different folks.
The advantage that a hard working second generation has is stepping in after the startup. Hopefully they appreciate what the #1 did---my son definitely does some times. Other times he has trouble getting his head through the door without opening up the garage door.
The third generation only sees how easy Dad and Grandpa have it now and think they deserve to be online all day like Chavez is...
The third generation only sees how easy Dad and Grandpa have it now and think they deserve to be online all day like Chavez is...
Desk Jockey
Member
Jim Williams
Member
You just described my definition of success. Most carpet cleaners just don't have the desire to build a huge business. I'm happy getting out there and cleaning carpet every day. Managing employees is just not my thing. I plan on working and investing another 15 years or so and then yanking the phone plug out of the wall. I'm living the dream!
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