Hey Speedsterbeast
I want to throw my two cents worth in on this one. THINK LONG AND HARD before you hire an employee!!! I just closed my shop and moved everything back home. I had a store front with 2000 square feet and 5 employees. I was in that shop for 7 years. I was doing great for the first 5 years, we were busy all the time. I wasn't getting rich, but was making a good living. The real thing that killed me was having employees. Wages, payroll tax, workers comp, and all the other bull that goes with it will put you out of business FAST!! I have been self-employed for the last 20 years, most of that time was working alone and from home. I am going to work alone and do what i can and **** on the rest, let the guy down the street with 15 employees do the rest. I will take the cream off the top and leave the rest for him. I make more money working alone than I ever made with employees. If I ever have a store front again, it will be a VERY small showroom and do production at home.
Now I can already feel the stones from those guys that always talk about growing your business, but it all depends on what you want to do with your business. I just want to make a good living, I have no desire to become a millionaire. That would just bring another load of headaches. I guess I should also say, I have everything paid for and don't have to worry about making monthly payments etc. I just have to pay the utilities and buy a few groceries and I am set. I figured cost last week and I have to make 6.13 per hour based on a 40 hour work week to break even, compared to about 10 times that amount 3 years ago. Talk about reducing the stress!!!! I would love to have that shop in my backyard, oh but then I would have to worry about paying for it. On second though, I will wait until I can pay cash for it.
My point is, before you do anything, decided where you want to go with your business and then plan toward that goal. The only reason I even posted is because you sounded a lot like me in some of the things you posted.
Ok I guess that is a little more than my two cents worth.
Hey Brain I love your quotes.