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  1. #1
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    Being Your Own Boss

    Sigmunds post in Trev's thread inspired me to start this.

    "However, surfing can also create opportunities. If you have ever sat in a cubicle watching the surf going off on the cam at your beach, then you know the true definition of torture. This is what motivated me to start my own business that allowed me the flexibility to surf when I wanted. Now *I'm* the guy in the cam surfing the wave you're watching. Thank you surfing!"

    So now this leads me to ponder whether anyone else has become their own boss or runs their own business. What field are you in? How and when did you do it? What were the hurdles you faced?

    I continue to jot down great ideas for products, companies, etc., but it's so easy to lose sight, get distracted and then forget about it. The whole vlogging thing seemed cool, but now everyone is doing it. Still searching for my niche and what could be a big breakthrough.

    My goal is to achieve complete financial security and have all the flexibility I need, while staying motivated. I'm sure we would all love that.

  2. #2
    Quote Originally Posted by Kanman View Post
    Sigmunds post in Trev's thread inspired me to start this.

    "However, surfing can also create opportunities. If you have ever sat in a cubicle watching the surf going off on the cam at your beach, then you know the true definition of torture. This is what motivated me to start my own business that allowed me the flexibility to surf when I wanted. Now *I'm* the guy in the cam surfing the wave you're watching. Thank you surfing!"

    So now this leads me to ponder whether anyone else has become their own boss or runs their own business. What field are you in? How and when did you do it? What were the hurdles you faced?

    I continue to jot down great ideas for products, companies, etc., but it's so easy to lose sight, get distracted and then forget about it. The whole vlogging thing seemed cool, but now everyone is doing it. Still searching for my niche and what could be a big breakthrough.

    My goal is to achieve complete financial security and have all the flexibility I need, while staying motivated. I'm sure we would all love that.
    My old man owns his own publishing business and I don't think he's ever taken a day off. Sure it's nice to answer to nobody but yourself, but in reality your clients just become your boss. Thought one annoying boss was bad? Try having to placate dozens of temperamental people who you have to coddle and reassure just to make sure you're turning a profit. Either that or you can buddy up with the Girl Scouts in the venture capital world and have them bankroll your endeavors. Just supply the pound of flesh, no more no less.

    I've flirted with the idea myself, but ending work and beginning life doesn't happen at 5 pm if you take that route. I work for a start up now, and even with our somewhat vertical org, it can be tough to know where that line ends.

    Sure you can duck out and get a lunchtime sesh in and nobody will say boo, but setting firm lines between work and play (and even finding time to play if you're obligated to be an income prover) is tough. This piecemeal, gig economy that's exploded looks to offer flexibility on face value, but I think the pay/nature of the work chains you more than most traditional gigs.

    Just my musings. If you open a surf shop, I'll stop by

  3. #3
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    Quote Originally Posted by Kanman View Post
    Sigmunds post in Trev's thread inspired me to start this.

    "However, surfing can also create opportunities. If you have ever sat in a cubicle watching the surf going off on the cam at your beach, then you know the true definition of torture. This is what motivated me to start my own business that allowed me the flexibility to surf when I wanted. Now *I'm* the guy in the cam surfing the wave you're watching. Thank you surfing!"

    So now this leads me to ponder whether anyone else has become their own boss or runs their own business. What field are you in? How and when did you do it? What were the hurdles you faced?

    I continue to jot down great ideas for products, companies, etc., but it's so easy to lose sight, get distracted and then forget about it. The whole vlogging thing seemed cool, but now everyone is doing it. Still searching for my niche and what could be a big breakthrough.

    My goal is to achieve complete financial security and have all the flexibility I need, while staying motivated. I'm sure we would all love that.
    Best advise I can give you is only take advise from people who are at in life, where you want to be.

  4. #4
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    Quote Originally Posted by foamieswithmyhomies View Post
    My old man owns his own publishing business and I don't think he's ever taken a day off. Sure it's nice to answer to nobody but yourself, but in reality your clients just become your boss. Thought one annoying boss was bad? Try having to placate dozens of temperamental people who you have to coddle and reassure just to make sure you're turning a profit. Either that or you can buddy up with the Girl Scouts in the venture capital world and have them bankroll your endeavors. Just supply the pound of flesh, no more no less.

    I've flirted with the idea myself, but ending work and beginning life doesn't happen at 5 pm if you take that route. I work for a start up now, and even with our somewhat vertical org, it can be tough to know where that line ends.

    Sure you can duck out and get a lunchtime sesh in and nobody will say boo, but setting firm lines between work and play (and even finding time to play if you're obligated to be an income prover) is tough. This piecemeal, gig economy that's exploded looks to offer flexibility on face value, but I think the pay/nature of the work chains you more than most traditional gigs.

    Just my musings. If you open a surf shop, I'll stop by
    You make some very valid points there. I think you are right in that owning a business may not mean complete freedom on the part of flexibility, particularly due to the fact that in reality you still have work to do.

    I guess having that business in a surf or travel field might make it all a little more viable.

  5. #5
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    Quote Originally Posted by Kanman View Post
    You make some very valid points there. I think you are right in that owning a business may not mean complete freedom on the part of flexibility, particularly due to the fact that in reality you still have work to do.

    I guess having that business in a surf or travel field might make it all a little more viable.
    Depends on the business. Some allow you to leverage your time if you have the right setup. Owning a company doesn't necessarily mean you're attached to it 24x7. I does for some, but not others. It depends on you.

  6. #6
    Quote Originally Posted by foamieswithmyhomies View Post
    My old man owns his own publishing business and I don't think he's ever taken a day off. Sure it's nice to answer to nobody but yourself, but in reality your clients just become your boss. Thought one annoying boss was bad? Try having to placate dozens of temperamental people who you have to coddle and reassure just to make sure you're turning a profit. Either that or you can buddy up with the Girl Scouts in the venture capital world and have them bankroll your endeavors. Just supply the pound of flesh, no more no less.

    I've flirted with the idea myself, but ending work and beginning life doesn't happen at 5 pm if you take that route. I work for a start up now, and even with our somewhat vertical org, it can be tough to know where that line ends.

    Sure you can duck out and get a lunchtime sesh in and nobody will say boo, but setting firm lines between work and play (and even finding time to play if you're obligated to be an income prover) is tough. This piecemeal, gig economy that's exploded looks to offer flexibility on face value, but I think the pay/nature of the work chains you more than most traditional gigs.

    Just my musings. If you open a surf shop, I'll stop by
    What foamie said was spot on, going out on your own can be a huge time sink, but in my case I didn't care if I had to work absurd hours, I just wanted to be able to catch that session on a Tuesday from 10am - 1pm when the tide was just right and it was pumping, then if I had to work late into the night to catch up, no problemo, I would do it with a big smile on my face and salt water dripping out my nose.

    The first couple of years were a huge commitment for me as I was starting a new business while still working my day job so the family didn't go hungry. A good business is like a giant fly wheel - it takes a *lot* of effort to get it to start turning, but once it builds momentum it can really take on a life of it's own, and your workday hours can drop significantly as you fine tune your processes, and hire out the day-to-day functions.

    My business is web-based so I can travel and work from anywhere, which was a key for me, plus, web-based businesses can scale so easily. Good ideas are the easy part, relentless passionate execution is the tough bit, and where most fall by the wayside. Best old Chinese saying ever, "The temptation to quit will be greatest just before you are about to succeed."

    A couple of resources that inspired me in the early days (and still do):

    http://www.tropicalmba.com/
    http://fourhourworkweek.com/
    https://www.bobparsons.com/my-16-rules - I have this poster on my wall.

  7. #7
    Quote Originally Posted by sigmund View Post
    My business is web-based so I can travel and work from anywhere, which was a key for me, plus, web-based businesses can scale so easily.
    I think that's is a huge point of distinction. Early on, brick and mortar service industries that sound "fun" make the freedom balance next to impossible. You have to open the store at 8 and be open till 10 to make money - unless you're doing well and have tons to cheap HS workers. More "traditional" B2B ventures, in theory, are easier to pull off. Sure you can't tell chicks at the bar you own a surf travel business, but your buds will already be jelly that you never miss a swell.

    I think it then just becomes a matter of developing a service/product that can demand a high enough going rate, while not require you to be on call 24/7 or sit behind a register. Programmers, software developers and other IT roles are hot for this type of stuff now, but I think even someone with a marketing/design background can make a boutique firm grow. It all depends on finding a P&L that works.

    This isn't to say B2C companies can't do well -- uhhh look at EVERY lifestyle brand -- but like sig said, getting that wheel moving can sometimes seem more fruitless than grinding at your old gig
    Last edited by foamieswithmyhomies; Jun 14, 2017 at 08:14 PM.

  8. #8
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    I have run my own business for the last 14 years and have always had a side business even when employed elsewhere. I was the kid on the street that always had something going on, something for sale, or a big plan. None of my businesses have become huge, but all have made money. I'm lucky to live and work at the beach and spend everyday of the spring, summer and fall working a stones throw from the ocean. You would think I would tire of it but I don't. When I'm not surfing I will be in my boat fishing, clamming or crabbing. Most of my high school friends are more successful financially but all seem to think I have the best life, I'm very lucky.

  9. #9
    When i first got into HVAC/R this was my goal. Starting my own business. My boss has it made, although he is smart with his money and investments which definitely helps. Its a smaller company but we do big company work. Anyway, i kind of got discouraged from starting my own business. At least in this field. Its still an option. I'll have to see where life takes me.

    But for sure the first few years are tough. Id be doing the work and wouldn't be making money yet due to overhead. Parts, tools, insurance, just so much overhead in this field. Sure after awhile, if i was successful and got employees i could trust, i could skip out to surf on the good days. Or head in after a DP sesh. But with all yne stresses of owning a business in this field. I don't know if i want it. After seeing it. If i can make good money, i have the vacation and sick days to use for big swells, and can still do DP seshs or after work seshs..... It might not be worth it for me.

    It's still an option for me. Still something i keep in the back of my head. But i definitely view it more realistically now. Although i do work with a dude i went to school with. Starting a company with him has crossed my mind. Split the stress and responsibility. Who knows. Time will tell.

    Major props to anyone who's done it though. Especially in a manual labor type field. So much respect for guys like that. Its not easy.

    Sometimes i think about robbing people. I think I'd make a good career criminal. Ever watch the show animal kingdom? I can do that. And they surf!

  10. #10
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    Being your own boss doesn't always mean easy street nor should it. Years ago it became apparent that all the money in the world couldn't make up for the misery and stress of chasing it. Gave up on the goal of riches for happiness. Once I decided that dealing with a bad customer for the money wasn't worth it my life got a whole lot better. I have an interesting business and get to meet some real characters. Some are terrible, like the worst people you can imagine but most are funny, friendly and pleasant to deal with. I've given up on the terrible and am happy to deal with the good. Less money, but less headaches.
    Last edited by Zippy; Jun 15, 2017 at 12:07 AM.