How much do you pay yourself hourly (or how many hours you work/what’s your salary)? After you pay yourself how much profit does the business make?
How much do you pay yourself hourly (or how many hours you work/what’s your salary)? After you pay yourself how much profit does the business make?
Like a CPA? The problem is accounting is generally $150-200 hour rates so good steady income and good career but not great to establish a ton of wealth. Accounting firm maybe but it requires hiring people with degrees and careers which means heavy labor costs and thin margins.
Accounting isn’t like other skilled labor like Attorneys and doctors where they can hire interns and assistants to do most of the work, Accounting typically has all the work handed to them by the business and they just need to review and rubber stamp it
too saturated and too easy to find people in 3rd world countries that can do the work and think $1k/mo is a TON of money
Hell no. First thing is to learn the business. Keep it working as is and deep dive into every aspect. Once you learned how it works you can find ways to make it better.
If you’re buying a business to completely change it then what did you buy? That’s like buying a house then tearing it down and completely rebuilding it. Difference is in business the land is free
I felt the same way and still kinda in the burnout funk. I learned that there isn’t anything that compares to just taking a vacation and getting away from everything and do whatever you can to relax. You really should find a way to take a week off and force yourself to not even think about work. Go to a hotel or somewhere new and quiet and just binge watch some show or something.
I’ve learned to set a strict schedule and being able to take control over parts of your day helps. In the office by 8am every day, put out any fires and catch up on news or whatever to warm up to work then at 9am be in total grind mode. Force yourself not to do anything else other than x task and don’t touch your phone or anything until you finished the tasks. Then breaks and have a 2nd grind mode after lunch.
Using WIP boards and dividing big projects into small tasks helps you feel accomplished and shows yourself you’re productive.
The silicon valley show has the perfect example of how a scrum board helps feed productivity https://youtu.be/oyVksFviJVE?si=T2nHYxSXWpxbiwTC
Competitive advantage not unfair. There’s no such thing as fair in competition, as long as you’re ethical.
I believe there’s a stat that 80% of businesses are started by people leaving their job and doing the same thing themselves. Construction, auto sales type businesses come to mind. They learn how the industry works then just build it themselves.
I always look for businesses that give me a competitive advantage. Usually something that I have another business in a similar industry and the businesses can use eachother and both save money.
Typically when you buy a product with a perpetual license it doesn’t include support, maintenance or upgrades. Think of Microsoft and no one runs windows 3.1 or even XP because their newer products are worth the upgrade. Typically they’ll provide security patch updates but not new versions.
Other things like Plex lifetime deals are there because they either want the money on their books for investments or owners want to cash out. It also works kinda like a reverse ponzi scheme where they’re relying on new sales to provide support for the existing sales.
It’s your companies tool. If you used any of their company time, resources (wifi or computer), or even used it for work purposes it’s their property.
Just because you did it or most of it on your own time doesn’t matter as it can easily be considered unpaid overtime or just work initiative.
I do this. Buy huge houses and like to remodel them then rent them on airbnb. Our biggest issue is we get rentals every weekend so have to block out weekends for us to actually use. We learned to double the price ($600-700/night to 1200-1400/night) on weekends we want to use and if they book we just use it to vacation somewhere else.
Bought the properties as long term investment and figured we’d list to be able to write off all expenses to help offset costs but now it’s a profit center so use the extra cash to upgrade and plan on buying more.
Microsoft has a government cloud and you can get g1/g3/g5 licenses. If its secure enough for the US government for top secret clearances then not much to worry about.
I have the opposite tone and come off too strong infront of clients and such. I’ve learned to choose my words wiser
I genuinely like to help others so provide info on how I do xyz. Don’t have any socials or try to funnel anyone to sites tho
I have various luxury and exotic cars. 99% of people just go to the dealer for everything including wraps and detailing. All dealers have a guy for this and that.
If I were you if find some parts you can make and sell in the communities. For example my Ducatis exhaust was 10k for the part alone. Randon carbon fiber pieces and all the installation was another 10k or so. I found some guy in Greece that makes specialized phone mounts that screw right in the middle in the handlebar hole. Was only like $100 but would have paid $500+ for it. Still need to reach out and see if he can make it larger for a fold5 I use as doesn’t fit perfectly either way.
My Porsche had some weird glitch for the radio where xm stopped working sometimes. They wanted 8k for a new stereo. Found a way to rebuild the drive and make it work. Would have spent a few grand for someone to do it for me.
I still can’t find a single phone mount for my BMW M6.
I’d love some cool custom key covers or such but companies don’t make specialized products for cars that aren’t mass produced. If some kid came up to me asking to borrow a car for a few days so he can use it to measure and create specialized products then give me them for free I’d hand over the keys right now.
Those are 2 different things. Amazon FBA is order fulfillment which can be on Amazon or any other site. Shopify is a web store.
To answer your question of FBA or not, you need to say the size and weight of the item and how many you’ll sell. You typically need 90 days inventory in FBA and storage is expensive.
For shopify site you need to be able to market and handle client acquisition costs.
90% of our sales are Amazon/eBay but self ship. All is listed on our websites too with full SEO but rarely get sales as we aren’t marketing it
Most govt services go through a RFP process and they award it to whomever is lowest at that time.
You don’t need to know how to do the job but you do need to know how the industry works. You can be the world’s greatest doctor but a horrible brain surgeon.
Sure if you KNEW… the problem with doing things like OP is he spends all the time setting up a business and building a customer base then the products disappear and he’s left holding the bag.
It’s not a good idea to build a business that relies on a single business for survival, unless you have some contract guaranteeing delivery
You can easily lower your price. It’s much harder to raise your prices
So many words so little info.
Apply now sounds sleezy. Apply to let me hire you? Also the link doesn’t work.
I’m curious on why you need a full on website if you’re looking for a job? I’m about to fire one of my FT VA’s and hire a new one but wouldn’t even consider you as it looks like you’re more interested in finding a bunch of jobs and wouldn’t be dedicated to mine.
IT should be like a resume, I don’t even see references or work history on it. It sounds like you have dozens of clients already and looking for more.