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Old 10-05-2016, 01:43 PM   #1
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Default Working for a big company or going out on your own? Help !

I am been a plumber for 15 years and I recently got my masters so that I could chase my dream of having my own plumbing business. Currently , I work at a large , well known, company here in Alabama. I make a good living and I have a ton of repeat customers already. My question is , should I stick with the company and only make 32% commission or should I go out on my own . Do I really want the stress of my own business? I put the food on the table for my wife and kids so I really do not what to screw up.
Any advice is appreciated !
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Old 10-05-2016, 03:37 PM   #2
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do both..keep working for the company and on your day off and weekends do your own customers, and see in time if it looks promising for you , talk with your boss to see if they would do a part time gig for you...its not all roses owning your own company..many times the grass is greener on the other side..but if you can do both for a while and yes you wont have time of your own , but will get a taste of running your own business with the security of your main job, do this for 6 months, because when you have your own business in the beginning you will grab all you can get until you get established with good clients that do repeat business...
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Old 10-05-2016, 04:03 PM   #3
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My company does not allow their employees to do side jobs. I do it though. I have several customers who call on a regular basis . If I were to get caught I could be fired however I take the chance because I am a top producer and Ive seen other employees do worse and not be fired.LOL They are actually already expecting me to go into my own business because of the cliental I have with them. My of my jobs are customer requests. It's exciting to think about ranking in all of the money instead of just a portion of it but since I have a family to support it is daunting .
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Old 10-05-2016, 04:49 PM   #4
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If you want to do it so you can 'rake in all the money' do yourself a favor and stay put.
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Old 10-05-2016, 06:12 PM   #5
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By that I meant instead of making someone else rich or well off . I do all of the work while my over head travels the country. I appreciate them . I really do and I will not say anything negative about them. I'm missing out on my family because I'm working 60+ hours a week. If i have my own business I know that I will still work long hours but I'll have a little more control . Also, I'm well aware that I will take an income loss starting out.
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Old 10-05-2016, 08:10 PM   #6
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just have at least 6 months plus of bill money saved up till you get going...
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Old 10-05-2016, 11:17 PM   #7
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Good advice. Thank you
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Old 10-05-2016, 11:45 PM   #8
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it depends on the kind of money you are presently making...
if you have medical benefits, ect ect..

you can have both if you play your cards right...just do your side jobs on Satruday....eventually you might notice you made more from the Sat work
than you made all week long..... Then Its a dilemma to decide what to do..........

I rake in pretty good money even on a slow day but some day this one man show will close down and there will be nothing to show for it but a building full of junk.....

.
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Old 10-05-2016, 11:55 PM   #9
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Go for it, I've been on my own for 5 years now and it's awesome. Leave the company on good terms and if it doesn't work out for you solo they'll hire you back since you said you're a top producer. If not, it's very easy to find a job in this industry.
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Old 10-06-2016, 02:03 AM   #10
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Great advice . Thank you all. No benefits through my current job. Health insurance is ridiculously high so it's cheaper to go with a private plan. So I definitely won't be losing insurance. I would definitely leave on good terms. I think my plan is to do side work on my days off. My wife and I are discussing how to go about the financial part of it all. Do we go into debt buying a truck and equipment or do we just do a little at a time ? I have every tool needed except for the bigger stuff. I would definitely want a leak detection machine. I'm the only plumber at my company that does that and there are not too many plumbers around my area with it so I think it is worth the investment. Could y'all share some details as to how y'all started your business?
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