15 year business owner

[MacTech602]

Hi everyone,

My name is Greg and I live in Phoenix, AZ. My whole life I new I was an entrepreneur and some day would have my own business. After years of working for someone else that finally came to fruition. I run an IT consulting firm that specializes in Apple technology in business. Business is good but now I need to Fastlane it (getting up there in age). I hope to contribute to the forum in any way that I can and learn along the way. Have read both of MJ’s books multiple times.

 

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[Get Right]

Welcome to the forum! This will be an interesting journey for you. It takes some effort to get your TIME out of the service business equation.

Good luck and dig deep in the search bar!

 

[Brjohn]

So I'm no expert in this area, but a family member is an IT consultant. I was talking to him about this idea of "Fastlane-ing" his business a few days ago. Not sure if this is applicable or useful to you, but his plan is to begin charging flat rates regardless of hours worked (of course) and just ensure that the client's computers are always up according to X standards based on a contract.

He worries about figuring out how to write a contract in a way that he doesn't get screwed like if a major issue occurs he'll be forced to work tons of hours. It seems to be a trade-off, if you do it that way you have consistency and it'll be really easy to tell if you can afford to hire somebody, calculate what you can afford based on flat dollar amounts per month. The negative is that you could potentially be forced to work at a loss (paying more for the employee than what you are currently getting), but it's bound to go both ways.

Anyways, hope I'm not just spouting obvious information to you.

 

[MacTech602]

Thanks for the info @Brjohn. It’s funny that you mention that because we have been working that way for years. It’s a great model if done correctly.


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