Originally Posted by John long
I normally refer to myself as a hobbyist. In about 1991 I found myself unemployed when Uncle Sam busted up the telephone Co. I had several people ask me to do work for them and I did exactly what you are referring to Henry. I kept my "shop" open about 7 months before I decided to go find a job.
I never had a day that I did not have work in the shop. The work is there.
I never got cheated exept one time and that was by a "friend" and it was only about 125 dollars.
I was absolutely miserable. I would lay awake at night and wonder how I was going to justify the time I had in a gas tank door in a 1955 ford truck cab or something like that. After all I was the one that had to go to the salvedge yard to find a hinge etc.
Also, when tax time rolled around I was going to have some explaining to do because I had no business license, had no way to collect or pay sales tax and had no W2 form to show any form of income. I told my wife I had to get a business license, insurance, etc or a job. It was obvious I could have a full time career or a hobby. I chose hobby.
I can promise you that if you do go on your own the work will be there. You are a true craftsman.
I can also promise you will have more pressure on you than you ever dreamed of. With a wife and children you will either have to go full steam ahead with all the responaibilities of a business owner or be employed at some level. There will be no middle of the road, long term.
These brackets I am making are taking between 5 and 8 hours with the tools I have. Each of them can be bought from EMS for 79.95. You can do the math. The only reason I am making them instead of buying them is I have more time than money and thought there may be some members here that would get a kick out of seeing what could be done on a tight budget with a few tools.
I have a lot of respect for someone who opens a business. Especially when it's a stand alone business in an industrial building where one pays rent, insurance, advertising, holy crap it adds up. The "fixed overhead" on a simple little shop can be many thousands a month, before you take home a single dollar that fixed overhead has to be paid.
If you do it legally, we are talking going to the city and getting permits and paying a business license every year. Try getting a bodyshop permit, holy crap you would think I wanted to open a nuclear reactor! Then there is the trip down to the county courthouse for the "Fictitious name" permit and hazardous waste, and fire dept inspections, and this is all before you even turn a bolt on a car!
Then do as I did with a stay at home mom, you are responsible for every dime your household needs!
Oh yeah baby, it takes a bunch.
When I closed my shop I made it clear I would do NO
side work at home, life is way to precious. Just a personal feeling I have after running a business for all those years, it took WAY too much of my time as a business owner at the business. But I had to, I was the bread winner and that was it.
It was quite a while until I was able to get out and play being I had little ones, boy scouts, girl scouts, museums on the weekends, etc.
My kids still win with a basketball game or messing with my son's RC car so the hobby still takes back seat. If I had a customers car sitting there,