Quote:
|
Originally Posted by Argie's Wife
LIforrelaxin -
You're overlooking one major overhead cost that all business owners have to deal with - insurance. If you're employing people, you have to pay workers' comp and FICA and all that jazz. If you're open to the public you have to carry certain liability insurances. If you serve alcohol, then you probably have to carry additional insurances and have to be inspected and have to meet certain code, etc.
Oh, I could go on.... but this is why I am self-employed and will never grow my business to have employees - I work on a contract basis ONLY.
When you get down to it, the only people making money are really the insurance companies - think about it...  |
I do think about Insurance cost when I think about these things.... And indeed rent, insurance, and tax are what close many business.... But that is all in the cost of doing business... my point is that profit margins don't matter as much as the volume and constent stream of business.....
And If you have a successful business with just yourself, I don't blame you for not wanting to grow.... being a self contractor is not a bad thing.... didn't work for me.... but I enjoyed it while it lasted.......