If you are looking to work less than 40hrs punching the clock like you do now, I highly doubt you would be successful starting your own business.
Same way with us, we were paying 2 other families premiums without knowing it.
Where is the affordable health act?? If you are talking about the Affordable healthcare act through the government that is the one that priced my family OUT of healthcare. They do have new policies now though with $8,000 deductibles so you can pay 17k a year but if you need anything it’s 25k a year. The “sales person” told me they will get the $$ either way and the system is horrible for those who work. Those were her exact words.
www.healthinsurance.org
Eldubb440 is correct here. One year, I had 5 employees and the usual headaches and expenses involved with having workers. Things slowed down, and the next year I worked alone for the most part of the year. My gross income was way down, BUT at the end of the day, my personal income was basically pretty much the same. I learned a valuable lesson, and kept my stress level way down after that. (Just hiring subs on the occasions I needed extra help.)
I've seen the same thing in the trucking business. Guy does well with one truck, then starts adding, ends up making less than when he was solo. Big company I worked for started out by buying an existing small fleet. I got to know a few honchos in the top 100 carriers during my corporate tour, and found most had done the same. I nearly went from one truck to 35 in 2010, now kind of glad it didn't happen.
In trucking being a sole proprietor was the only way to go for me. I would be a terrible fleet owner as I don't like most drivers in the business.
Exactly this… I had a guy approach me who I knew was also in Property Maintenance and he said oh you should do what I just did.. bought another truck, trailer, chainsaws, trimmers etc along with two more mowers gonna make a lot more now.. Ran into him two years later and he sold everything and went out of business.. I said what happened? He said the one guy totaled the truck and trailer along with one mower that flew off while running a red light…. He said it was the worst decision he ever made, spent a lot of money made more but in the end with expenses he made less and had three times the headache with just two other guys as they f-d everything up and he was always touching up things, finishing jobs and fixing things. Said he was better off and kept more $$ working by himself!
What is your income range? What state? What kind of coverage? It all matters to the bottom line. I had a $700 per month policy that was really good coverage through O care. Then they discontinued O care policies in Oklahoma which left blue cross. That same policy through BC was $3100 per month. Do you have a bronze policy that covers nothing? Obamacare was and is a money grab from the Self-employed.
Not being a smart *** but that is because someone who makes more is paying the rest for you…That’s how it works as it is income based and punishes those in the middle class..
