Home Forums Hunting & Shooting Hunter's Campfire Have you ever owned a business?

No.

Several:
Wholesale fuel, lubricants, propane
Wholesale fuel, lubricants, propane trucking
Produced water hauling (bad idea)
Frac tank rentals

Yes.

As someone previously noted, there is a lot of stress when your decisions may impact your employees livelihoods. When I sold my family business after my Mother passed in 2004, the new owner fired the entire senior management team and they all blamed me for the loss of their jobs even though I had negotiated as part of the sale that if the new owner didn't retain them for one year, he would pay them their salaries for a year or the portion of the year that they were no longer employed by the company. I had offered to sell the company to the 5 senior managers, but they never made a serious effort to secure funding to buy it even though I offered to sell it to them for 25% less than what I ended up selling it for.

People that have never signed the front of a paycheck are obviously ignorant of what that entails.

yeah i am self employed with employees. I find it much easier than working for someone else. A good accountant to do payroll and taxes makes it a breeze as long as you are prone to making good decisions.

Two

Yep, and like everyone else who does, I get to set aside 40% of my net earnings for the worthless government and send them a nice fat check every quarter. Everyone should have to do that. The tax laws would be a whole lot different if they did.

Two,just closed the shop and thinking about letting my daughter have the other one

Yes a number of them and another in the works. Getting too old for this anymore.

At this point preps are being done to turn them over to my three sons. They will live well.

Osky

Agree !!!
I quit the house building business after 12 years when I owed 45% of my income to the feds/state/county/city, i was waiting for a tax-bill from my neighborhood.
My military motorcycle riding friends [Keesler/SeaBees] wondered why I was pist half the time. I explained that "I" was paying for "all" govt workers pensions and "I" didn't get a pension unless I saved for it. They now sit back getting twice as much as me.
And far worse lazy POS who has never had a job other than pumping out kids.
And still yet gov't grows bigger every year.

I remember the lows of the Obama economy and read how many hundreds & hundreds of state employees California hired. Hired with well above average pay & benefits while so many non-gov. suffered.

That woman has never struggled to make payroll.

Technically, yes . . . but in reality, no. I was owner, CEO, CFO, HR, accounting and clerical staff in my 'business'. I was the only employee. 1200 to 1500 hours a year and still made more money per year than any 2400 hr/year job I ever had. Down side was no paid holidays, vacation or sick time. If I didn't do the work, I only had me to point the finger at. Still, I enjoyed the work and wished I had done it a long time before I did.

Telling.


Telling me you were a good boss. One who truly values employees.

Also showing why some bosses quit caring about their employees.
My wife doesn't own a business, she runs it.
Every aspect except paying the bills and receiving the $$ of owning the business, or
taking money out of pocket to pay bills.

I often work to keep her...fair?
To give people, especially new ones, the benefit of a doubt.

She sees the people under her as someone to care for. Takes chances on
hiring often, tries hard to make things work for people. That makes the inevitable
ass raping or back stabbing that much more painful.

Several.

Founded one, exited in 2021.

Was/am a silent partner in two others. One I'm not really silent anymore because the founders have taken leaves, so, I'm more involved in daily ops. The other, my drawdown will be complete in Q4.

I will likely be completely done in the next few years.

Those eviction clean ups are the worst. Evidence of drugs are likely there. Sometimes porn , bugs everywhere , food laying around for weeks, old furniture, is always left behind , and the spoiled food in the fridge is the worst of the worst. I did find a decent fishing pole once though,, and enough rolled up dollar bills from cocaine for a Mc Donalds meal once...

Dillonbuck quote

""She sees the people under her as someone to care for. Takes chances on
hiring often, tries hard to make things work for people. That makes the inevitable
ass raping or back stabbing that much more painful.""

No good deed goes unpunished- is true.

I had a buddy that rented a house to about 15 Hondurans one time. He was a builder and used them for day labors too. When they moved out he had to rent two roll off dumpsters to hold all the trash they had thrown off of the upper deck. He said it was piled up above the second floor railing!

He did say found 3500 dollars cash laying between the top of the kitchen cabinets and the ceiling tho!

yes, dang it, several. All restaurants or food manufacturing. I can't think of many occupations that are harder. My kids are working 70 hours a week, mostly 7 days a week. Just can't find decent help. Government, local, state, feds are always the biggest problem.

Our economy should be blazing right now but Team Biden hasn't a clue what it takes to unleash our potential. Everything they do, every decision they make only exasperates the recovery and burdens commerce. Obama had the same problem, they simply do not understand what it takes to be productive.


Reagan nailed it when he said - "I think you all know that I've always felt the nine most terrifying words in the English language are: I'm from the Government, and I'm here to help."

Me too, one nightmare at a time!