I'm not a tradesperson, but my business supplies tradespeople solely. I interact with tradespeople on a daily basis, have my warehouse is an industrial district, eat at the same restaurants, and hang out with a lot of them.
Trades are extremely underrated.
I have clients that are hiring ENTRY LEVEL construction workers at $30 an hour for very physically light work. The requirements: show up to work, be dependable, and be able to carry 70lbs at a time for a few minutes a day.
$30 an hour is $60k a year on 40 hour work weeks.
You can't get that working most office jobs right out of school.
I have friends that work downtown Chicago, on salary, pushing 50 hours a week for $35k. And why? Because of pride. They're too proud to get a trade job instead, though I don't blame them for it.
My generation: we've been taught that blue collar jobs are below us. Movies, tv shows, schools, the media... Unless you worked a job in an office, you were made fun of. We were taught that college and university is the only way to have a good life. Then, once someone gets that degree and realizes there's no jobs, they're too proud to take a trade job. It's a sunk cost fallacy of sorts.
Most people don't consider trucking a trade job, but it falls into a similar category of people. Do you know how much I have to pay my trucker in Chicago? $50 an hour part time. Minimum $70k a year full-time if I want someone dependable. And that's not over the road or anything complicated - just get in the truck and drive on the big streets from point A to point B and be home after 5.
You really want to know the fastlane opportunities for trade jobs?
Here you go.
Pick an industry. Pick a business you're interested in. Inquire to buy the business. Sign an NDA. Learn exactly how much money there is in the trades. How much people are paid. How much profit is made. It's eye opening to see the economics of a trade business.
Everyone here wants to do e-commerce and buy an online business. In my opinion it's 10x harder making money that way than something boring and old. The multiples for a trade business are a bit higher, maybe 3.5x for good businesses, but the money is also a lot less risky. You can acquire businesses with SBA loans, don't have to worry about "Amazon" shutting you down. Don't have to worry about competition past a few that compete directly against you. It's a lot more stable and easier than most businesses. However, to run a trade business, you have to put your ego aside and accept that your work environment will be blue collar, the area you drive to everyday won't be downtown, the restaurants you'll go to lunch for won't be much fancier than Chipotle. I think that's a fair trade.
@ZCP - Care to chime in? I know you tell a number of the kids you mentor to consider becoming tradesmen.
Trades are extremely underrated.
I have clients that are hiring ENTRY LEVEL construction workers at $30 an hour for very physically light work. The requirements: show up to work, be dependable, and be able to carry 70lbs at a time for a few minutes a day.
$30 an hour is $60k a year on 40 hour work weeks.
You can't get that working most office jobs right out of school.
I have friends that work downtown Chicago, on salary, pushing 50 hours a week for $35k. And why? Because of pride. They're too proud to get a trade job instead, though I don't blame them for it.
My generation: we've been taught that blue collar jobs are below us. Movies, tv shows, schools, the media... Unless you worked a job in an office, you were made fun of. We were taught that college and university is the only way to have a good life. Then, once someone gets that degree and realizes there's no jobs, they're too proud to take a trade job. It's a sunk cost fallacy of sorts.
Most people don't consider trucking a trade job, but it falls into a similar category of people. Do you know how much I have to pay my trucker in Chicago? $50 an hour part time. Minimum $70k a year full-time if I want someone dependable. And that's not over the road or anything complicated - just get in the truck and drive on the big streets from point A to point B and be home after 5.
You really want to know the fastlane opportunities for trade jobs?
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Here you go.
Pick an industry. Pick a business you're interested in. Inquire to buy the business. Sign an NDA. Learn exactly how much money there is in the trades. How much people are paid. How much profit is made. It's eye opening to see the economics of a trade business.
Everyone here wants to do e-commerce and buy an online business. In my opinion it's 10x harder making money that way than something boring and old. The multiples for a trade business are a bit higher, maybe 3.5x for good businesses, but the money is also a lot less risky. You can acquire businesses with SBA loans, don't have to worry about "Amazon" shutting you down. Don't have to worry about competition past a few that compete directly against you. It's a lot more stable and easier than most businesses. However, to run a trade business, you have to put your ego aside and accept that your work environment will be blue collar, the area you drive to everyday won't be downtown, the restaurants you'll go to lunch for won't be much fancier than Chipotle. I think that's a fair trade.
@ZCP - Care to chime in? I know you tell a number of the kids you mentor to consider becoming tradesmen.