The owner of the work agency where I get my jobs from has often hinted to me in the past that whenever I want to set my own building company up he will help me. That was also my plan in the past to set up a building company.
He is a good person and has helped me to climb the ladder (perhaps faster than otherwise possible) in my trade, because of his influence.
So, after following on from a discussion with him last January in which he told me that his 'project' for 2012 is to create a plasterboarding and small construction works business. He told me he wants me to manage it!! I will get benefits of profit and he will do the investment. However.
From working in many construction companies I regularly see the owners putting in 60 hr + work weeks for a pay not much more than I earn now. Which is $3.5K per month for a 37 hour work week. Some, who have about 50+ employees earn considerably more but they are always there in the office from 6 in the morning till 7 at night!!!
So, the other day he invited me over to his house . We were discussing projects. His and mine. Interestingly he revealed to me that his work agencies, comprised of 16 outlets, that have between them have about 2000 workers on their books, makes a turnover of 50,000,000 Euros which is the equivilant of $65,000,000 makes a net profit of 500,000 Euros.
I just said to him, 'thats crap!!'
Interestingly enough he said 'I know' lol
Okay, so who am I to complain about his business model when he is making way more than I am. But when you look at it like this. 16 outlets. Staff. Hours. People. Wages. Problems. Phone Ringing Constantly. Threat of bad weather meaning people can't work, but you still have to pay some of them. Competition with other work agencies. Having to stay on top of everything all the time. etc etc. problems problems.
After all that, they are making zero point ten % net profit. 0.10% profit!! That is all they ever make, that is their business model, he told me himself at best they make 0.12%. Surely that is a crap business model!!??
Anyway, back to my original post.
I have a proposition now to go into business with him. He told me that he does not have time to run his work agencies plus another business plus create and run the building company therefore he needs me.
What do I do?
I got my own online projects now. If I run with him, I'm worried I might not have the time to deal with my own affairs but at the same time I don't want to let him down and I find it difficult to say no sometimes.
What would you do? Take up the offer of running a slowlane business requiring much hours and commitment. Or, continue my simple life working small hours in the week but giving me a small but steady income but allowing me more evening time to concentrate on my online efforts?
Sorry if I waffled a bit there but I am about to enter into another crossroads and I need some advice that can perhaps steer my destiny.
He is a good person and has helped me to climb the ladder (perhaps faster than otherwise possible) in my trade, because of his influence.
So, after following on from a discussion with him last January in which he told me that his 'project' for 2012 is to create a plasterboarding and small construction works business. He told me he wants me to manage it!! I will get benefits of profit and he will do the investment. However.
From working in many construction companies I regularly see the owners putting in 60 hr + work weeks for a pay not much more than I earn now. Which is $3.5K per month for a 37 hour work week. Some, who have about 50+ employees earn considerably more but they are always there in the office from 6 in the morning till 7 at night!!!
So, the other day he invited me over to his house . We were discussing projects. His and mine. Interestingly he revealed to me that his work agencies, comprised of 16 outlets, that have between them have about 2000 workers on their books, makes a turnover of 50,000,000 Euros which is the equivilant of $65,000,000 makes a net profit of 500,000 Euros.
I just said to him, 'thats crap!!'
Interestingly enough he said 'I know' lol
Okay, so who am I to complain about his business model when he is making way more than I am. But when you look at it like this. 16 outlets. Staff. Hours. People. Wages. Problems. Phone Ringing Constantly. Threat of bad weather meaning people can't work, but you still have to pay some of them. Competition with other work agencies. Having to stay on top of everything all the time. etc etc. problems problems.
After all that, they are making zero point ten % net profit. 0.10% profit!! That is all they ever make, that is their business model, he told me himself at best they make 0.12%. Surely that is a crap business model!!??
Anyway, back to my original post.
I have a proposition now to go into business with him. He told me that he does not have time to run his work agencies plus another business plus create and run the building company therefore he needs me.
What do I do?
I got my own online projects now. If I run with him, I'm worried I might not have the time to deal with my own affairs but at the same time I don't want to let him down and I find it difficult to say no sometimes.
What would you do? Take up the offer of running a slowlane business requiring much hours and commitment. Or, continue my simple life working small hours in the week but giving me a small but steady income but allowing me more evening time to concentrate on my online efforts?
Sorry if I waffled a bit there but I am about to enter into another crossroads and I need some advice that can perhaps steer my destiny.
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