Entrepreneurship and Hunting

[Gonefishin6]

I haven't seen much about this, so I figured I'd post!

I'm not sure if any of you have noticed, but it ain't cheap to have our kind of fun! I'd love to connect with more folks who are building their businesses in such a way that they are profitable while running themselves so you can spend the fall hunting and with family instead of at work!

I definitely don't have it figured out yet, but I'm 3 years into one business and I recently added a second side hustle with the goal of both running themselves by this fall! To be clear, I'm not looking for investors or folks to partner with, rather just some folks who are working towards similar goals- I'd be happy to share my mistakes so far with anyone who is curious about this, that's about all I can offer though!

 

[def90]

That only happens when you hit an 8 figure revenue stream.

 

[Gonefishin6]

I'd love to learn more about that statement!

 

[def90]

Basically, I do 7 figures in sales/revenue running my own business in the trades but that still isn't enough to find good help that I can rely on leaving for a week or a month at a time and not have my phone tied to my hip.

I think as a small business 7 figures isn't a big leap, a lot of one man shops do that in a year, once you hit 8 figures that is a big step towards running a company that actually has dedicated staffed positions that are capable of running themselves.

 

[Gonefishin6]

Basically, I do 7 figures in sales/revenue running my own business in the trades but that still isn't enough to find good help that I can rely on leaving for a week or a month at a time and not have my phone tied to my hip.

I think as a small business 7 figures isn't a big leap, a lot of one man shops do that in a year, once you hit 8 figures that is a big step towards running a company that actually has dedicated staffed positions that are capable of running themselves.

That's amazing, congrats man! The people side of things does make it difficult to unplug completely, and it's definitely the thing I'm struggling with the most!

 

[def90]

That all said, not sure how any of that helps you. I've been working 6-7 days a week for the last few years, I got out 1 day last September for archery elk just so that I could say that I did.

Anyone that wants to start a business and do it right from the start should read the E-Myth series of books and find a mentor or two in their field in order to avoid the mine fields that exist out there.

There is a difference in being self employed vs running a business. After 20 years at it I'm probably somewhere in between.

 

[Mcribs]

I got there but first 9 yrs were a grind. Not doing the fun stuff other people my age were doing. The 8 figures revenue benchmark is about right or a 7 figure EBITDA, that’s when you can hire people to do the shit you ain’t good at and have flexibility to leave for a while.

I guess there’s some tech stuff that can be automated, stay small and allow you to leave but most businesses need to be grown.

 

[Gonefishin6]

I got there but first 9 yrs were a grind. Not doing the fun stuff other people my age were doing. The 8 figures revenue benchmark is about right or a 7 figure EBITDA, that’s when you can hire people to do the shit you ain’t good at and have flexibility to leave for a while.

I guess there’s some tech stuff that can be automated, stay small and allow you to leave but most businesses need to be grown.

9 years is pretty quick, that's awesome!!!

 

[carlc]

Im a one man show doing residential excavation. I will be in Alaska Guiding and hunting for all of August and half of September. To do it, I got rid of all of my employees, as it was more of a headache trying to keep things lined out with them when I was gone. I work for one general contractor doing the complete excavation package on 5-7 custom homes a year, and do a handful of separate jobs as well. I bust my ass the rest of the year, but this way affords me the freedom I want, and I dont have to try to deal with employees and customers through an Inreach.