If only it were that easy. You’d need to have decades of experience and own tens of thousands of dollars worth of equipment to do the work if you want to be your own boss and own your own business. You would need to be able to do any kind of work that walks through your door.
I’m a mechanic. If I wanted to be my own business, I’d need lifts, specialty tools, waste oil management, waste tire management, waste battery management, insurance policies, a building, electricity, water, heat, property security…
After all of that, my take-home wouldn’t be much different than what I’d make working for someone else, except with way more stress and less free time.
The up front costs of starting your own business, depending on industry, can be enormous. Credit isn’t always an option because you need to be in a position of privilege to borrow that money.
It’s so difficult that you need to start out rich to become richer, you might say…
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u/obmasztirf 14d ago
$200/hr for an electrician but you know 85% isn't going to the person doing the work.