Hello from a welder turned tool supplier and business owner

[DHOOTEN10]

My name is Dustin. I'm 28, from Springfield Missouri, USA.

I unknowingly became an entrepreneur over the last 4-5 years. I originally did not view it that way, but have opened up doors for myself that i can now see could lead to great success. The big question is what door to choose.

I have worked in the oilfield as a welder for the last 10 years. For the last 5 I have acted as a sub contractor supplying the tools necessary for the work i performed. Having the tools for the job opened up side work. Side work became abundant. Workers/ helpers have been hired. And before i knew it i had a Business.
The next part of this story is about to be written, and that is why i am here

 

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[Andy Black]

My name is Dustin. I'm 28, from Springfield Missouri, USA.

I unknowingly became an entrepreneur over the last 4-5 years. I originally did not view it that way, but have opened up doors for myself that i can now see could lead to great success. The big question is what door to choose.

I have worked in the oilfield as a welder for the last 10 years. For the last 5 I have acted as a sub contractor supplying the tools necessary for the work i performed. Having the tools for the job opened up side work. Side work became abundant. Workers/ helpers have been hired. And before i knew it i had a Business.
The next part of this story is about to be written, and that is why i am here

Great story. Thanks for sharing, and welcome. What’s next? What are you stuck on or thinking about next?

EDIT: I changed your thread title to do you justice.

 

[DHOOTEN10]

Great story. Thanks for sharing, and welcome. What’s next? What are you stuck on or thinking about next?

What im stuck on is a decision.
I currently still do sub work for an oil company and spend 5 days a week out of town. Making roughly 4k before taxes. I take time off for big jobs back home that require my presence and not just my employees.

I have recently been offered a piece of land in a town near springfield. It is roughly 160ftx 1500ft.
1500ft is road frontage on a 35mph section through town that as of 2015 saw a trafic count of 13000 daily.
My initial thought was, Welding and fabrication shop!.( home with family every night)
But after seeing the potential in the property im questioning if a different type of commercial building (retail space for rent, apartment complex, ect) wouldnt bring in the same or more income than a fabricaton shop.

I am looking to find information and advice to help with my decision

 

[Andy Black]

What im stuck on is a decision.
I currently still do sub work for an oil company and spend 5 days a week out of town. Making roughly 4k before taxes. I take time off for big jobs back home that require my presence and not just my employees.

I have recently been offered a piece of land in a town near springfield. It is roughly 160ftx 1500ft.
1500ft is road frontage on a 35mph section through town that as of 2015 saw a trafic count of 13000 daily.
My initial thought was, Welding and fabrication shop!.( home with family every night)
But after seeing the potential in the property im questioning if a different type of commercial building (retail space for rent, apartment complex, ect) wouldnt bring in the same or more income than a fabricaton shop.

I am looking to find information and advice to help with my decision

Gosh. Not my lane at all. Maybe some other members might drop in and help.

In the meantime, maybe check out SteveO’s threads as he’s a property guy?

 

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