Self employment, is it really worth it?

carys

Well-Known Member
How do chaps cope with self employment? Sometimes I feel like jacking it all in, the hours you spend looking at potential jobs then having to work a price out on top of a days graft, all the work comes at once and all want you there yesterday, van packs in, work load get puts back putting more pressure on you, laid in bed wide awake because cogs are spinning. I sometimes wonder is it worth it.
Im same m8 thinking packing it in being self employed 25 years trying to keep people happy I've had enough. The only reason I do it becouse I can get time to run the kids to gymnastic and dancing and suit my self. I've got a nother 5 years of hard graft il be morgatge free income from holiday home f**k it then choose my little jobs then 3 days a week not wishing my life away I'm looking forward..
 

hector

Well-Known Member
Im same m8 thinking packing it in being self employed 25 years trying to keep people happy I've had enough. The only reason I do it becouse I can get time to run the kids to gymnastic and dancing and suit my self. I've got a nother 5 years of hard graft il be morgatge free income from holiday home f**k it then choose my little jobs then 3 days a week not wishing my life away I'm looking forward..
same here carys, just turned 60 ,no mortgage now working 2/3 days a week,somtimes less,just doing little jobs now,suits me,i love it,....once you get rid of the mortgage it makes such a difference,no more chasing work/stress etc, good luck carys
 

windy

Private Member
I'm in a quandary
I'm 47 and have 3 kids all early teens...i have 2 rental props one of which if I sold would wipe my mortgage and leave cash over..10 years left to pay. But then I'll lose the passive income it brings and my little pension pot ...
 

Simon85

Well-Known Member
I sub to firms on new builds so now aggro dealing with idiotscwasting time on shite over skims
What I'd do if I could be bothered the hassle of getting a squad together. Sub work long as the firm isn't taking the piss with their rates. Turn up, do the work get paid. No fanning about sheeting up etc
 

devneydutch

Active Member
Just stick too a couple of good builders and sub just too them. Don’t bother with small private jobs unless it’s worth your while. I enjoy being self employed and cant imagine going paye
 

hector

Well-Known Member
I'm in a quandary
I'm 47 and have 3 kids all early teens...i have 2 rental props one of which if I sold would wipe my mortgage and leave cash over..10 years left to pay. But then I'll lose the passive income it brings and my little pension pot ...
personally ,i would sell 1 property off,.......then pay mortgage off, put a decent lump sum in an isa account, 500.00 each in gas and electric accounts,...600.00 quid in sky account,....have a holiday week self catering york,if possible put 3,000 in ordinary cheuque account ,to be used for food etc ,....and if possible 3,000 in a building society account emergency money,.........obviously the figures i am quoting are just a guide, but you get the idea
 

carys

Well-Known Member
same here carys, just turned 60 ,no mortgage now working 2/3 days a week,somtimes less,just doing little jobs now,suits me,i love it,....once you get rid of the mortgage it makes such a difference,no more chasing work/stress etc, good luck carys
Thanks m8. I'm thinking the last 2 3 years before I finished getting a apprentice. And give the contacts to him after. Then I can jump on whith him I'm wishing my life away but I think you need a plan in this game
 

GrantyBoy

Well-Known Member
It is worth it to some people, not to others. Keep your prices high and your work perfect and you won't have any pressure. Its definitely not for everyone I know guys out busting their balls for beer/coke money and wonder why they don't have a pot to piss in. Like most things in life you need a brain to succeed.
 

hector

Well-Known Member
Thanks m8. I'm thinking the last 2 3 years before I finished getting a apprentice. And give the contacts to him after. Then I can jump on whith him I'm wishing my life away but I think you need a plan in this game
a joiner i know also 60, has sold his van,sold all his big heavy duty saws and big vices etc,.......now he has his basic tool kit in his stanley box in back of car,tells me if he cant do any jobs from that tool box then he is not intrested, nowadays he hangs doors/skirting/backmould/airing cupboard shelving etc just small jobs ,customers supply all materials,......he has no hobbies,it gets him out the house a bit pocket money as he says, works when he wants to,so he has got the right idea and a plan as you say carys,the worst thing anybody can do is pack in and sit at home all day watching tv,you have got to keep the mind active ,and fourtanetly being in the building trade we can carry on and do these small jobs,ihad a spread who helped me out on jobs big ceilings etc he was 78, cash job for him,helped me out everybody happy
 

rt88

Member
grew up in greenock mate
long time ago now
I love scotland :birra:
Probably 40% of my work is there, it's funny everyone from round here hates it but anytime you meet someone English who's moved up or theres quite a few American ex Servicemen they all say they love it
 

algeeman

It’s A Boy
Probably 40% of my work is there, it's funny everyone from round here hates it but anytime you meet someone English who's moved up or theres quite a few American ex Servicemen they all say they love it

the surrounding areas beautifull aswell mate
gourock amazing.

big submarine base there now if I remember
 

carys

Well-Known Member
a joiner i know also 60, has sold his van,sold all his big heavy duty saws and big vices etc,.......now he has his basic tool kit in his stanley box in back of car,tells me if he cant do any jobs from that tool box then he is not intrested, nowadays he hangs doors/skirting/backmould/airing cupboard shelving etc just small jobs ,customers supply all materials,......he has no hobbies,it gets him out the house a bit pocket money as he says, works when he wants to,so he has got the right idea and a plan as you say carys,the worst thing anybody can do is pack in and sit at home all day watching tv,you have got to keep the mind active ,and fourtanetly being in the building trade we can carry on and do these small jobs,ihad a spread who helped me out on jobs big ceilings etc he was 78, cash job for him,helped me out everybody happy
Your rhigt ther m8 need to keep the mind active. I think his hobby had being making money
 

windy

Private Member
a joiner i know also 60, has sold his van,sold all his big heavy duty saws and big vices etc,.......now he has his basic tool kit in his stanley box in back of car,tells me if he cant do any jobs from that tool box then he is not intrested, nowadays he hangs doors/skirting/backmould/airing cupboard shelving etc just small jobs ,customers supply all materials,......he has no hobbies,it gets him out the house a bit pocket money as he says, works when he wants to,so he has got the right idea and a plan as you say carys,the worst thing anybody can do is pack in and sit at home all day watching tv,you have got to keep the mind active ,and fourtanetly being in the building trade we can carry on and do these small jobs,ihad a spread who helped me out on jobs big ceilings etc he was 78, cash job for him,helped me out everybody happy
Good method of working in the windown years
 

windy

Private Member
personally ,i would sell 1 property off,.......then pay mortgage off, put a decent lump sum in an isa account, 500.00 each in gas and electric accounts,...600.00 quid in sky account,....have a holiday week self catering york,if possible put 3,000 in ordinary cheuque account ,to be used for food etc ,....and if possible 3,000 in a building society account emergency money,.........obviously the figures i am quoting are just a guide, but you get the idea
Would seem wrong working 2 or 3 days a week at 47...
 

The Hobo

Well-Known Member
How do chaps cope with self employment? Sometimes I feel like jacking it all in, the hours you spend looking at potential jobs then having to work a price out on top of a days graft, all the work comes at once and all want you there yesterday, van packs in, work load get puts back putting more pressure on you, laid in bed wide awake because cogs are spinning. I sometimes wonder is it worth it.
welcome to the world plastering
 

loky11

Well-Known Member
Im same m8 thinking packing it in being self employed 25 years trying to keep people happy I've had enough. The only reason I do it becouse I can get time to run the kids to gymnastic and dancing and suit my self. I've got a nother 5 years of hard graft il be morgatge free income from holiday home f**k it then choose my little jobs then 3 days a week not wishing my life away I'm looking forward..
welcome to the world plastering
Been on my own 7 years now and still the same.
 
Top