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post #1 of 17 (permalink) Old 04-23-2013, 09:59 PM Thread Starter
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Being the boss.

As we all know in this industry being the big kahuna of your own company can be quite stressfull. We as the boss have to deal with generally [email protected] service companies, angry neighbors, and constant needs to adjust in a downward falling industry. We work insane hours, run into insane situations, and for what? We hope to make the big bucks, a decent living, or just scrape by.

I for one have seriously began to question whether my income and hours worked justifies the amount of headaches. My question to all of you on here is what do you make for the hours you put into your company?

Last year my personal income pre tax after all my business expenses came out to $91, 000 for myself. I worked an average of 83 hours per week. I can do the math and to some they feel it is great money. After I think about the hell I went through to make that money every year I feel less and less inclined to push forward. Think its time I put up my boots and hat and find a new rodeo.
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post #2 of 17 (permalink) Old 04-23-2013, 10:05 PM
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I look at the same thing, but other than truck driving I don't know where I can make $50,000 or more a year working 40 hrs.
Truck driving is the last resort. I've been there, done that, got the T shirt.

Until then its work 100 hrs and hope the work keeps coming.

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.
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post #3 of 17 (permalink) Old 04-23-2013, 10:07 PM
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I grew up with my family only making $800 a month. I have absolutely zero issue dealing with all the **** for even 30k a year after taxes. Doesn't mean I will take the lowest prices though. I do understand why the industry has dropped prices but I think it's from people subbing to others who are lazy and don't know what they're doing. Those subs do horrible jobs and it's almost a gamble with the property owners whether or not the job will be done properly etc. Tons of other factors but I'm just rambling, not justifying the price drops though.

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post #4 of 17 (permalink) Old 04-23-2013, 11:07 PM
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Quote:
Originally Posted by HollandPPC View Post
As we all know in this industry being the big kahuna of your own company can be quite stressfull. We as the boss have to deal with generally [email protected] service companies, angry neighbors, and constant needs to adjust in a downward falling industry. We work insane hours, run into insane situations, and for what? We hope to make the big bucks, a decent living, or just scrape by.

I for one have seriously began to question whether my income and hours worked justifies the amount of headaches. My question to all of you on here is what do you make for the hours you put into your company?

Last year my personal income pre tax after all my business expenses came out to $91, 000 for myself. I worked an average of 83 hours per week. I can do the math and to some they feel it is great money. After I think about the hell I went through to make that money every year I feel less and less inclined to push forward. Think its time I put up my boots and hat and find a new rodeo.
Hollland,

I found myself in the same situation. The hours worked didn't justify the money. I work much less hour now and while my income has changed, it hasn't decreased dramatically. The tools, skills and knowledge we possess isn't exclusive to P&P. Personally speaking, take some time and evaluate where you are. If you have employees, maybe down sizing to a smaller crew is better? Maybe sidelining P&P and focusing on something else will pay higher dividends?

I have a few investment properties. I make way more per hour on them and work far fewer hours than in this business. Is that for everyone, no its not. It does work for me however.

Good Luck



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post #5 of 17 (permalink) Old 04-23-2013, 11:42 PM
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Quote:
Originally Posted by HollandPPC View Post
As we all know in this industry being the big kahuna of your own company can be quite stressfull. We as the boss have to deal with generally [email protected] service companies, angry neighbors, and constant needs to adjust in a downward falling industry. We work insane hours, run into insane situations, and for what? We hope to make the big bucks, a decent living, or just scrape by.

I for one have seriously began to question whether my income and hours worked justifies the amount of headaches. My question to all of you on here is what do you make for the hours you put into your company?

Last year my personal income pre tax after all my business expenses came out to $91, 000 for myself. I worked an average of 83 hours per week. I can do the math and to some they feel it is great money. After I think about the hell I went through to make that money every year I feel less and less inclined to push forward. Think its time I put up my boots and hat and find a new rodeo.
I was thinking the same thing, but was not sure if it would be appropriate to ask #s. We spend 7-10,000 a month depending on what goes right or wrong, work accumulated hours of 50-80a week, and after we put our 28% away are making average 6-9takehome. But it feels like we will never spend anything we make, we plan a vacay and get a huge job, or work radically slows etc. etc. on top of all the stress just to do the work efficiently and correct im always stressed about the next month and the next. This has finally been a hopefull year woth a few clients, we had a huge partnership loss last year and i cant believe we made it through! maybe we all have battered woman syndrome, we know the industry is corrupt but we just cant leave it. good luck with whatever you decide! im hoping a rich real estate agent will swoop my hubby to be his sugar momma but until that day comes..
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post #6 of 17 (permalink) Old 04-24-2013, 12:18 AM
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I have told myself the biggest I want to grow is to a 3 man crew, myself included. Not too big, not too small. I like going to every property myself and making sure all work is completed correctly. Yea it's hard doing the physical and administrative part of the business all on your own but I like knowing everything that's going on with my company.
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post #7 of 17 (permalink) Old 04-24-2013, 04:22 AM
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It wouldn't matter what I was making. I'm unemployable.
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post #8 of 17 (permalink) Old 04-24-2013, 06:55 AM
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It wouldn't matter what I was making. I'm unemployable.
I have reached the point where I am barely employable.

Seems telling the boss he is an idiot and explaining in great detail why his ideas are stupid is not a career enhancing move. Go figure.
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post #9 of 17 (permalink) Old 04-24-2013, 10:35 AM
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I have reached the point where I am barely employable.

Seems telling the boss he is an idiot and explaining in great detail why his ideas are stupid is not a career enhancing move. Go figure.
Couldn't agree more...

It is difficult once you have been your own boss for a while.....

However,...
Being a good boss is about more than just having a title. Itís about more than just dictating each and every day to those around you. A good boss needs to be multi-faceted. They can blend easily into almost any work environment. A good boss has many parts to them. They can take those parts and blend them to benefit the task at hand and the company over all....

And sometimes that gets real tough....

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post #10 of 17 (permalink) Old 04-24-2013, 11:16 AM
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Holland, you also have to look at the median income for michigan. 90K in michigan is alot better than most, thats why michigan is such a mess alot of people jobless or you cant find good work, and so on. The main thing i would have a problem with if i hung up my hat would be the freedom of what you can and cant do, taking orders, not being able to possibly be outdoors and what not. if being in this industry running your business you built up makes you happy and allows you to provide for your family well enough then i would continue on, i feel if you get burned out and your heart isnt into it then the business performance will reflect, and you have to do what is right for you mentally physically and so on. I personally like being outdoors i like giving my guys direction and that my guys believe in me and trust me enough, it feels good. But that is just me but thats just my opinion.
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