 |
04-23-2006, 04:54 PM
|
#1
|
|
Registered User
Trade:
painter
Join Date: Apr 2006
Posts: 5
|
quit good job?
I have a good job doing carpentry and painting at a state university for over 15 years, with medical, retirement,vacation, sick leave. But I hate it and am in the process of starting a painting business,am I crazy or smart? What happens if I get hurt and can't paint, is there insurance for that?
|
|
|
Warning: The topics covered on this site include activities in which there exists the potential for serious injury
or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!
Join the #1 Contractor Forum Today - It's Totally Free!
ContractorTalk.com - Are you a Professional Contractor? If so we invite you to join our community and see what it has to offer. Our site is specifically designed for you and it's the leading place for contractors to meet online. No homeowners asking DIY questions. Just fellow tradesmen who enjoy talking about their business, their trade, and anything else that comes up. No matter what your trade is you'll find that ContractorTalk.com is a great community to join. Best of all it's totally free!
Join ContractorTalk.com - Click Here
|
|
04-23-2006, 05:05 PM
|
#2
|
|
Vagitarian
Trade:
site and utility contractor
Join Date: Jan 2006
Location: Dallas, PA
Posts: 2,326
|
Being your own boss is great, but if you don't have the benefits, then your fun can go down hill fast. Are you married and does your wife have insurance ?
__________________
Life is hard. It is harder when you are stupid
Uncle Sam wants YOU....to speak ENGLISH
|
|
|
|
|
04-23-2006, 05:21 PM
|
#3
|
|
Chief Toilet Mover
Trade:
Bathroom Remodeling
Join Date: Apr 2004
Location: Littleton, Colorado
Posts: 11,754
|
Workman's compensation or as an owner you can opt out of it and buy a separate disability policy.
|
|
|
|
|
04-23-2006, 06:00 PM
|
#4
|
|
Pro
Trade:
Residential Contractor
Join Date: Feb 2004
Location: Jensen Beach, FL
Posts: 10,376
|
When can you retire? If you have 10 or 15 yrs. to go, you may want to stay put and run a side business for a while before just leaping out on your own.
As a business owner you will have to create all of the benefits that you currently enjoy, your market may not support this. I see a recession coming despite the way that the market is going.
__________________
You can't solve you're problems with the same level of thinking that created the problems.
Albert Einstein
|
|
|
|
|
04-23-2006, 07:45 PM
|
#5
|
|
...jammin
Trade:
Rock Disciple
Join Date: Jun 2005
Location: Cape Cod, Massachusetts
Posts: 5,225
|
Quote:
|
Originally Posted by citteee
I have a good job ... But I hate it and am in the process of starting a painting business,am I crazy or smart?
|
You are a technician having an entrepreneurial seizure
Read "The E-Myth Revisited" right now
Then read "The E-Myth Contractor"
|
|
|
|
|
04-24-2006, 11:59 AM
|
#6
|
|
Pro
Trade:
Join Date: Dec 2004
Posts: 429
|
You have a secure job with benefits, and you want to quit to become a painting contractor?!? You are nuts! You better not be married or have kids - or I can see divorce in your future. I got laid off after 9/11, and could never get back into tech - don't get me wrong I love what I do - but the amount of overhead you will have to carry to have liability, medical insurance, retirement, etc in order to maintain what you have now will propel you into ultra expensive category among painting contractors. I know this, because that is where I am right now - I have to fight tooth and nail to justify my pricing. Luckily some of my clients are right next door to a bunch of homes that were painted last year, and already peeling - and I am using this in my favor.
But that being said - you don't know how good you have it. And I am covered if I get injured - but presently do not have any disability insurance, and don't know if I can ever afford it. America has voted, and they voted for Big Box Marts and mexican painting crews - keep your day job, until they push you out!!!!!
-plainpainter
|
|
|
|
|
04-24-2006, 12:00 PM
|
#7
|
|
Pro
Trade:
Join Date: Dec 2004
Posts: 429
|
Oh god - and I forgot, PAID VACATION - oh how I miss that.
-plainpainter
|
|
|
|
|
04-24-2006, 12:04 PM
|
#8
|
|
MODERATOR
Trade:
Paperhanger/Painter
Join Date: Oct 2003
Location: St. Louis, MO
Posts: 6,314
|
Quote:
|
Originally Posted by slickshift
You are a technician having an entrepreneurial seizure
Read "The E-Myth Revisited" right now
Then read "The E-Myth Contractor"
|
POST OF THE DAY!!!
Well, it was actually posted yesterday, but you get my drift.
|
|
|
|
|
04-24-2006, 12:36 PM
|
#9
|
|
Pro
Trade:
Remodeling
Join Date: Feb 2006
Location: Orange County CA
Posts: 1,119
|
I used to work for a state university too, so I know exactly how damn good those benefits are!!! It's a tough decision for sure.
If ever any of us in my family had a serious health issue, I would definitely go back and work part time to get the medical insurance. That's the biggest difference I saw at first. I just couldn't get over having to pay for that. Since it was completely free for us before.
|
|
|
|
|
04-24-2006, 01:06 PM
|
#10
|
|
Pro
Trade:
Painting Contractor
Join Date: Dec 2004
Location: Toronto
Posts: 1,825
|
I agree with Slick and ProwallGuy.
If you read and practice the E-Myth, you will do fine.
Go for it.
|
|
|
|
|
04-24-2006, 04:12 PM
|
#11
|
|
Pro Painter
Trade:
Painting Contractor
Join Date: Apr 2005
Posts: 2,313
|
It was very simple for me....work for myself, or let someone else dictate my life.
__________________
-AAPaint
AA Quality Painting & Pressure Washing LLC
Jacksonville Painters
Jacksonville, FL.
Quote:
|
“Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives.” -James Madison
|
|
|
|
|
|
04-24-2006, 05:43 PM
|
#12
|
|
Pro
Trade:
masonry
Join Date: Feb 2006
Location: Austin
Posts: 3,482
|
What Slick said. If you enjoy the work but hate the other crap, you will REALLY hate being the boss and having to deal with the other end of the stick.
|
|
|
|
|
04-24-2006, 06:52 PM
|
#13
|
|
Painter
Trade:
Painter
Join Date: Apr 2006
Location: Toledo,Ohio
Posts: 606
|
This was a easy decision for me. Construction runs in my veins. I can still remember being 6 years old and dad giving me a hammer and some nails and letting me put together some scraps. Then once I got older during the summer I was always with my father doing some addition or helping him with finish work in one of his homes. Then I decided to branch out and worked for a painting company for 6 years and decided to go out on my own. I'm happily married with 3 kids. Is it hard sometimes?? Of course it is nothing in life is easy, But would I give it up to work for someone else and let them make all the money?? Hell No.
Everyone in my family owns their own company on the side or owns their own company. One day down the road my dad's company will be passed to me just like my grandfather passed it to him.
|
|
|
|
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
Rate This Thread |
 Linear Mode
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
|
