IHI
Really well put. I am lucky to have low overhead
and a working spouse with bennies.
Steve
That is exactly how I got my start. Once i granduated HS and could focus full time on construction with gramps, I quickly got bored of the same types of jobs over and over. I wanted to do more, he was older and content. So started doing more side jobs, and then officially broke away and went on my own...1 man, 1 truck, jobs that I could easily attack alone...then I started bidding work that lead to jobs i needed a hand or so for a day or two, then that lead to bidding jobs I needed a full time guy, then 2 full time guys...so on and so forth.
the bad part with getting away from 1 man and 1 truck- overhead and babysitting, took me 15yrs to get the small crew I had I could trust with my attention to detail/make sure things were done right once, the first time since call backs took time away from a current project and dug directly into profits from that job at that time. As I was told from the old timers, "you either have to stay a one man show or go big...in this line of work financially it does'nt work being in the middle". Was'nt until I was smack dab in the middle did i understand it LOL, you have the big boy bills with legal overhead/operating expenses, but dont continually have the big boy jobs to carry it. i made it work for alot of years by doing good work that justified my higher bids, was always told I was never the highest bid, but I was up there. So there is a market for customers that are willing to pay more, but it's a much smaller market, i needed jobs we would be at 1-2 months at a time, and in '08 is when we started to see a decline in calls coming in, smaller scopes of work- banks got caught over valuing property for equity loans giving away fake money, so when that stablized, folks were either upside down on their mortgauge or did'nt have enough equity to do what they originally called us for in the first place.
I hung on until '10, but jan '10 i told the guys to start looking for other jobs because things just are'nt coming in for me to cover the expense and i can only go backwards to a point...had been going backwards slowly to this point over that 2 yr span. My guys had families, so I kept them doing "busy work", even around my place so they could make a paycheck, and luckily my last guy finally got a job and I was $28K in the red at that point (combination of small jobs, then jobs that would break us even or give a push, but always making sure my men had checks to take care of their family.) 2yrs later I'm still paying off that lice of credit at the bank that carried them, and everybody calls me stupid for carrying them until they got a job, but I know what it's like during hard times, and wanted to make sure i did everything possible to take care of the guys that helped grow my business. It was a bad business practice, but I sleep good knowing I did what I could for them, and to this day if I need a hand, any of them will drop what they're doing and jump on board.
So stay small, but legit if you can..less headaches and any problems you only have yourself to blame LOL. Stinks with the limited types of work, but trust me, looking back, those were the easy days

Now I'm a machinest in a union shop and I hate it, I like the work, always loved learning/trying new things, but the employee's are terrible. 30-50yr old toddlers that cry their asses off about any and everything, dont expect them to work, that might make them sweat, and they dont get paid to sweat

The funny part, I'm the bad guy because I do my job and do what my supervisor/ops manager ask of me...I've been told to say no, refuse to do what I'm told, but ethically I cant, just not wired that way. My advice, if your self-employeed and finally throw in the towel, stay away from a union shop, you will fit in like oil and water, it's digsuting to see such a large group of people that do nothing, act like they do everyting, and get paid extremely well to do nothing, well, 30% effiecencey anyways, but hopefully you get my point LOL. They are completely disconnected from the real world, esspecially the guys that have had no other job BUT this union gig.