How many hours do you put into your business?

[tree-fancier123]

3 hours ago, Stefan Palokangas said:

What I’m suggesting is that if some want to go to next level, then one must take the risk. If one is not prepared to die in the process then I don’t think one can reach out to it.

Yes - this is why people still want to race superbikes in the Isle of Man, even though many riders have died on the course.

[skyhuck]

5 hours ago, tree-fancier123 said:

Yes - this is why people still want to race superbikes in the Isle of Man, even though many riders have died on the course.

Not sure I disagree.

 

I firmly believe they consider themselves too good to die. Its that kind of confidence that allows people to achieve great things.

[buffalo606]

I don't care how much you earn or what machines you own Stefan but I do think your enthusiasm is awesome.  While there is no way I would put in those hours simply for money it makes me smile to see an eternal optimist going for it.  Bonne vacance - you deserve it.

[Stere]

BTL market  alot less profitable now iv'e heard than it used to be.

 

I don't like the idea of profit from others in that way, something morally wrong about theese BTL empires of houses etc..

 

But im probably just jealous of people who made millions though BTL without working because thay got lucky with a lump sum too invest then got onto BTL gravy train it at the right time of the house price market cycle etc.

 

Alot of housing benefit going to  making BTL landords rich  in former council houses.

Edited June 15, 2018 by Stere

[spudulike]

The most difficult thing to do in life is to get on the first rung where you get financial stability and a roof over your head.

The thing I would recommend him to do is to look at what to do with any spare capital as any decent business will generate a bit, some or lots and doing the hours he is, he will hopefully get there and fast.

Some would do property and think he has already mentioned this, some do the equity markets etc but the biggest thing you can do is to start as young as possible, do the hours you can, make the most £££ you can and MAXIMISE how the money you make performs and grows. Compound interest/growth is your friend, keep the profits pilling back in to purchasing more investments for that will make a reasonably well off man richer than his less well educated peers.

I was a bit like Stefan, did 70hr weeks in my 20s when I could and 30 years flies by but if you are clever then it will make you relatively well off but do look after your relationships, I got pretty grouchy, tired and stressed - good luck, hope it works out for you.

[Timbermcpherson]

Genius! Work more hours. Why didnt anyone else think of that? Can you tell me who these "greats" are that do 126 hours a week? How many years have you been doing over 100 hours week?

 

Your a solo playstation stumper pilot talking to a bunch of guys who risk there necks every day in a dangerous often back breaking industry and have to manage staff around situation more dynamic that a chunk of wood stuck in the ground. I have been grinding stumps for 15 years, there really isnt that much to it aside from it takes gear and time once you have a little experience.

 

You get tired and make a mistake, nobody else is likely to get hurt unless your driving between jobs.

 

Your taking no risks (unless you really think a bankloan is something to fear). Your either to ignorant or fearful of having staff if your really got that much work, you have no dependents, your just putting in the hours because you can and dont know any better and have yet to learn what sustainability means.

 

Giving others the rather dangerous advice to do more hours is misguided at best.

 

 

 

 

 

 

 

 

 

[Ty Korrigan]

14 hours ago, Steve Bullman said:

 

Secondly, it was me who changed the thread title, at Stefans request, due to the exaggerated uproar it seems to have provoked.  I don't think Stefan meant it the way everyone took it(and apparently took offence to).  You guys have to understand that foreign language speakers don't always necessarily mean things as they are directly translated.

 

This, I can relate too.

 Once whilst addressing the clients wife, I thought I'd offered to lower the price ( bassè )

Instead, I offered to ####  ( baisè ) her for a price.

Luckily some French are enthusiastic Anglo-phone so I still got the job and the clients wife made it clear the invitation to ' baisè ' remains open...

  Ty

 

[kevinjohnsonmbe]

7 hours ago, skyhuck said:

Not sure I disagree.

 

I firmly believe they consider themselves too good to die. Its that kind of confidence that allows people to achieve great things.

That’s a tricky one....

 

I’d submit, especially given the nature of the thread (and as might relate to TT for example), that it “could” be the unwavering belief of being too good to die which facilitates or accelerates that which “they” think they are too good to happen to them...

 

Not sure that makes sense but I think it was put more simply earlier - work yourself into an early / open grave....

 

I’ve used this quote/image before:

 

 

[Mick Dempsey]

Bollocks to the Dalaï Lama.

 

 

[Stumpy Grinder]

I'm not sure I quite believe the 126 hours bit?

That works out at 7 x 18 hour days per week!  That only leaves 6 hours per day not working (or 42 hours per week)!!  6 hours per day to sleep, wash, eat, walk dogs, maintain a relationship, etc is not really viable and certainly not sustainable. I work some long hours doing a few different jobs, but to claim 126 hours per week is either slightly false, or complete madness.

SG