Does anyone have a Home Business?

Skinar

Registered User
Forum Member
Dec 17, 2000
592
0
0
Kentucky
I've been self-employed, with a few exceptions, since 1986. For most of those years I worked from a small office that was about 3 minutes from my home, but dumped that a couple of years ago, got tired of the overhead. I'm a computer geek, work with midsize companies on high-end accounting systems, a little custom programming from time to time, and I sell vertical software for small to midsize trucking companies.

There is NO WAY I could ever go back to work as a 'regular' employee. If, however, a person cannot live with the uncertainty of where or when you may actually earn some money in the next month, then you should not be self-employed. It's a little like gaming, you have good months and bad months, but at least you're not paying any juice :).

I actually tried to take a regular job 3 times in the past 5 years. I lasted 3 days on one job. Another time I lasted a full day and a half before I walked out the door. The last time lasted for over a year but then I realized how friggin' miserable I was all the time - and that ended as well (damn it paid well - but, I decided the price of my freedom is a good deal higher than the golden sheckles my employer doled out to me along with a daily ration of sh*t).

;)
 

kevinmac_99

Registered
Forum Member
Jan 5, 2001
768
4
18
Austin,TX,USA
Need more input from everybody....come on, get up, drink your coffee, read your paper while sitting on the toilet....good, are you done yet? Now lets get this thing rollin here for my sake...

KMAC
 

MadJack

Administrator
Staff member
Forum Admin
Super Moderators
Channel Owner
Jul 13, 1999
104,477
1,190
113
69
home
what can you do?
what is your experience?
how much time can you put in?
how long can you go without making ANY money?
how much do you have to invest?
what kind of plan do you have?
what are your goals?

it's not as simple as opening a business.

programmers are always needed.
salesman are always needed.
telemarketers are always needed.

hell, you can make a living selling stuff on eBay if you set your mind to it.
 

Ike Bomb

Registered User
Forum Member
Jan 3, 2002
240
0
0
I have been SO tempted to become self-employed. I'm a programmer and for the past three years have been working two jobs, one full time and one part time. The money is great but I'm only 31 years old and think I am already getting close to burn-out.

I want to do it, but I guess I am afraid. :(
 

dawgball

Registered User
Forum Member
Feb 12, 2000
10,652
39
48
49
Me and my two partners own our own web-based application companies.

http://www.micajah.com
http://www.bigwebdesk.com

Sorry, Jack, if I shouldn't post those links.

I also work a couple of nights per week waiting tables. Believe everyone when they say that you must be prepared to take huge risks and not make ANY money for a while. We started Micajah, Inc. almost 5 years ago, and bigWebApps, Inc in the first quarter of last year. Micajah is one of those things that may never take off, but if it does we will be doing allright. bigWebApps is what has paid the bills, but it will take us another two years or so to start reaping the benefits.

Skinar is right when he talks about the difficulty of working for someone else now. I would have a real hard time doing it. I am only 27, so I have a lot of time before I start getting desperate. Until you are out on your own, you will not appreciate things like good insurance, 401K, and a steady paycheck. But hey, I wouldn't change it for the world.;)
 

Wheelz

Registered User
Forum Member
Nov 6, 2000
33
0
0
Philadelphia, PA 19136
Independent Technical Recruiter

Partnered with two other individuals over a year ago and started out on our own. Holding our own over the last year - thanks to the tech bubble and now Enron we are seeing some hard times.

Keep the money coming in by performing hourly recruiting for clients and a resume writing service.

Insurance and office expenses alone kill start-ups since most companies don't pay until 60 to 90 days.
 

Felonious Monk

Site Owner
Forum Member
Oct 26, 2001
3,579
1
0
51
Austin, TX
Wheelz

Wheelz

Could you explain a little more how you became an independent tech recruiter? I've never heard of this and I would be interested in the process of becoming one.

I go through a recruiter myself to find work, actually a few of them, but they don't seem to know the tech lingo to match me to a job according to my skills. Most of them don't know jack about technology in general but they're good talkers and sharp dressers which is why they got the job in the first place.

Anyways, I think with what I know and who I know, maybe I could be a good fit for something like this.

Thanks in advance! :)
 

Wheelz

Registered User
Forum Member
Nov 6, 2000
33
0
0
Philadelphia, PA 19136
Felonious Monk

Felonious Monk

Felonious

Your right, most recruiters don't know anything about the people they try to attract. I have a limited background in programming so this has helped.

I've been recruiting over ten years. Started my own business by using my current contacts, either companies I've done business with or candidates I've recruiter who have decision making ability. Most companies need talent and HR departments can't provide the on-time results they need.

I hire fulltime, hourly contract and right-to-hire (which is usually three month trial).

I would suggest if you have contacts or know hiring managers, contact them and ask if they use contract services, ie - contract consulting, contingency fee searches, temp to perm arrangements or right-to-hire opportunities.

If they do and you have contacts, parlay this into providing the client with qualified candidates. It is extremely attractive to clients if you have a pipeline of candidates/contacts, which they would not be able to find over the internet.

How I became and Independent Technical Recruiter. I spent the last ten years working for two large International Consulting Companies and got tired of seeing them make a killing on the bill rates. I now make 100% of all placements - example - fulltime employee making $80,000 x 25% fee = $20,000 payable to my company - hourly - $90 hr bill rate - $65 pay rate = $25 per hr fee.

You only need five to seven consultants on billing with an average hourly rate of return of $15 and you can make well over $120K per year.

Good luck
 

Ian

Registered User
Forum Member
Sep 18, 2000
1,416
0
0
Exeter UK
www.sportsbettingindex.com
Was a sales rep in the UK for many different companies then got made redundant 18 months ago for the 3rd time and myself and my now wife decided to go for it ourselves
Now she mainly runs a successful Graphic Design Business - http://www.toucandesign.co.uk/
I run a sports betting website (see profile) and win a bit from betting and we have just started another small business as well - http://www.babynamepictures.com

None of these look particularly exciting to most people but they make money and thats the key - if you want to work for yourself go for it but BE PREPARED TO WORK YOUR ARSE OFF for the first few years - between us we work about 150 hours every week - it ain't easy but the rewards are very high and I would never work for someone else ever again.
 

Felonious Monk

Site Owner
Forum Member
Oct 26, 2001
3,579
1
0
51
Austin, TX
Wheelz

Wheelz

I didn't see your post until now but thanks for the informative advice.

Is there any way that I could contact you via e-mail? I can get yours from Jack if you'd like or vice-versa. Maybe you have a website I can go to? I just have a few more questions if you don't mind, such as start-up costs and things of that nature.

Ian, sounds like you two are doing well with the businesses, congrats. Very nice websites by the way!
 
Bet on MyBookie
Top