I’m a carpenter(plumber,electrician,etc.) for a small remodeling contractor in State College, Pa. I’ve recently been told that I’m going to be laid off for a few months this fall/winter so that my boss can finish writing his book. I’ve been preparing to start my own business for 2 years now, but I was also offered a job with a local electrical contractor. I already have about a months worth of work lined up on my own. I guess what i’m wondering is if anyone has any advice for starting a business in such economic uncertainty? I really don’t want to work for someone else, but I don’t want to starve either.
Discussion Forum
Discussion Forum
Up Next
Video Shorts
Featured Story
The RealTruck AMP Research Bedsteps give you easy access to your truck-bed storage.
Featured Video
Highlights
"I have learned so much thanks to the searchable articles on the FHB website. I can confidently say that I expect to be a life-long subscriber." - M.K.
Replies
How would your business be capitalized? Can you live without taking any wages from your business for the next year or two?
Most tradesmen started out on a shoe string and a prayer. Most fail.
I don't understand.
If you're capable of working for yourself, why don't you just start by working for your boss's customers? Obviously, he doesn't need/want them. Maybe, a commission, or finders fee could go his way.
It's not too late, it's never too late.
Do it. The worst that can happen is you have to find employment at some point in the future.
"Better to have loved and lost, than never loved at all", or something like that.
Blodgett's right.
Trying self-employment is something nearly everybody should do. Succeed or fail, you'll learn a lot. PAHS works. Bury it.
someone gave me similar advice years ago when I was in a similar situation, 'cept my concern was having a newborn in the house.
they said yer either gonna pass or fail.
when I mentioned failing not an option with the new baby ... thinking it'd be a bad time to go into business ... they said that'd be the best time. 'Cause failure wasn't an option!
Still haven't found a real job yet!
Jeff Buck Construction
Artistry In Carpentry
Pittsburgh Pa
I also went on my own when my daughter was 3 months old. She's 21 now and I've never looked back, or run out of work. Nobody will ever be as concerned for your own well being as you will.
The job offer from the electrical contractor is proof that there's work out there, you've even verified it yourself by lining up a month's work already. Even in tough economic times there are still projects/repairs that people must get done. You'll probably be surprised how much work falls into your lap once people know you're available especially since you have multiple skills.
The motivational speaker Zig Ziglar has a line I love, "Whether you think you can or think you can't, you're generally always right."
I started working as a handyman 4 years ago and haven't had to skip a meal yet. You won't starve.
Give it a shot. Good Luck!