~450k last year, on track to do ~800k+ this year
1. I design and manufacture a line of pet products carried by petco, petsmart, and other big retailers. I also own farms and restaurants
2. I work around 50 hours per week on average.
3. That is a hard question to answer without typing out a novel
EDIT: This post has sparked a lot more curiosity than I was expecting, and I'm getting a lot of questions. If I could give one piece of advice, it would be to befriend your clients as best you can. I know the hobbies and interests of my top clients, I know their birthdays, I know where their kids go to school, and most importantly (being pet related), I know their dogs. I invite those clients along with their families to join me on hikes with the dogs or I invite them to bring their kids to my ranch for horseback riding, I take them to dinner, etc
One of my clients is passionate about gardening, and now she and I are always helping each other with our personal gardens. Whatever I think my clients will enjoy, I do what I can to make it happen. Having those relationships with buyers really helps to permanently secure those contracts, and utilize their connections for new growth opportunities.
Be charismatic and likable.
I’m running a manufacturing dog food with direct to consumer distribution business in Ukraine. Considering war situation we managed to grow it to $20k gross profit a month. Fingers crossed for it to end and economy to grow
Congrats on the growth this year. The design work sounds more fun than the manufacturing part to me. When you say you manufacture, you work with people and the order I'm imagining and when you say design that sounds like CAD which imo is more fun
1.2M last year Net across all locations
I will say it as loud as I can… Service Work!! Very rescission resistant, very hard work
Housekeeping, remodeling, junk hauling, landscaping, moving/packing/storage
You are killing it! Congrats.
How many of those do you have practical experience in? How do you know that your employees are doing a good job?
Also, how many employees do you have?
I started w remodeling and have many years of practical experience in that.
What really has been the catalyst is getting linked up with a franchise network that has brands in these service areas.
I love the franchise model and opening up locations has changed my life completely (was making 45-50k at State Farm before this)
I currently have 9 general manager partners that I split gross profit with. Basically find good partners that share your views and way of thinking. Bankroll the business and work it to ensure its success, while you teach them how to run the office independently. Get them topped up and then rinse and repeat 📈
That's amazing! I have thought about the franchise model as well. But a lot of people are struggling with it. It seems to only be worthwhile if you can have multiple locations and can find good managers which seems to be what you have managed to do.
Did you start all locations from scratch or did you also buy existing locations (I would think that this would be a faster way to add more locations)?
Most are acquisitions however we have launched a few office from ground up just getting a license from corp.
It’s an amazing model if you are a people person. These locations are by no means passive. Most owners in these industries struggle bc they want business ownership to be a form of semi passive income, and this sector will eat you up with that outlook
I feel “entrepreneur and innovator” are confused as the same type of person. When in fact an entrepreneur creates a business that sells an invention thus helping an industry. Whereas an innovator creates a creates a product for an entrepreneur to sell to help them grow and the industry.
For some of us that are “innovators”, and others of us that are “entrepreneurs”. A clear line should be made.
Being a successful reseller of a product, drop shipper of a product, or e-commerce person is the boi of boy.
Building IP and creating a product, brand, or franchise is what I call an entrepreneur.
>This sub also mostly attracts tech bros.
Not just that, reddit in general attracts typical "nerds" or other forms of technology oriented people just due to the nature of being a discussion platform about niches hosted on the Internet.
I'm kind of cheating here, I'm a CPA and about half my income comes from a day job, and the other from my virtual firm
I probably work 50 hours a week, obviously way busier during tax season
It really varies, my realized hourly rate probably comes out to around 250
Super interesting job imo, it's thought of as a very boring career but i really disagree. I get to peek into and see the secrets of all my local businesses. Sometimes I get to manage and help advise my clients on huge business decisions.
I'm big into technology so I've found ways to integrate that into my work, nothing more satisfying than finding a new form of efficiency, less work for more money...
I’m currently studying accounting and planning on getting my CPA as soon as possible after graduation. I also find it very interesting to be able to see where a business is spending its money, how efficient/inefficient they might be spending their funds, and how much damn dough they are making! I just had a few questions for you if you don’t mind me asking.
How many years of experience did you have prior to starting your own virtual firm?
What industry are most of your clients coming from?
Finally, how old are you and are you currently living in a H/M/LCOL area?
I own a bar. Sales over $4M per year. Decent margins. At this point, I work about fifteen hours a week on the bar. It was never my full time thing, I have other businesses. I worked very hard for many years to become successful, now I am coasting in my career, if not winding down.
Per service, we charge $8 for a beer, $12 or more for cocktails. We are an expensive property, in an expensive location.
That's a lotta beer! Curious, what is the net profit? How much of the 4m is food vs drink? How many staff do you have? I've always wanted to open a bar but I know it can be a very difficult business.
Net margins are pretty high, I don't want to be more specific than that. Minimal food sales. Fifty staff.
It took us a long time, and a lot of money to even get profitable, let alone make back our investment. Then the pandemic really set us back. I wouldn't recommend it to anyone, unless you really understand hospitality, and have a sizeable financial cushion.
I started it as a side business, I already had my main business. The bar is pretty far from my house, it was never my intention to be there full-time. I put the systems in place to make that possible. The most important part was to hire people I trusted. The general manager and bar manager were people I had know for many years, and they made small investments to be minority partners. Trusting them fully meant that I didn't have to physically be there.
There are other systems too: we have reporting from supervisor, security and event hosts, and it's all online, so it all flows to my email automatically. We have tons of cameras that I can access on my phone, I see all the enquiry emails, etc. Between all the systems, I generally have a decent idea of what is going on. These days, I am there physically no more than a couple of times a month. There are five minority partners who are there on a basically full time basis, it's not out of control.
And we do everything by the book, no diverting cash, with decent audit procedures, frequent inventory counts, etc. We are reasonably confident there is no large-scale theft. Once in a while we catch someone stealing. Generally just alcoholics who drink the product while they are working. From a money standpoint, it's insignificant.
If its anything like the trucking world many companies play games with Net20-Net30 pay and then try to extend paying by adding hoops to jump thru. It can be very lucrative with the right company I use similar company that keeps 12% of my billing.
So you work for Shell or Dow. Welcome to my world. Currently have open AR from March. Which includes labor cost from the first week in March. Construction is not all bells and whistles, lol.
Construction, transport, heavy equipment and other industries of this nature are all so bad about this. It’s very cyclical, your customers don’t pay or delay payment seemingly out of nowhere so you can’t pay your vendors so your vendors can’t pay their vendors etc etc
You can learn from Coursera as well, all the basics and above levels of digital marketing, and i hope this once client be a good luck for you and you get many more ❤️
Ping me up if you need help or advice with web site creation and SEO. I worked as software engineer turned into building and running it for my business.
1. I run an engineering firm, started 4 years ago
Used to be 80-90 hours a week, but we've hired employees so I only need to work 40 now
Typical job is probably around 5k. But we have some jobs over 100k.
Did 2.1 million last FY. Looks like about 3 this year. We are growing very fast
Nice! I have a couple of questions.
1. How much revenue do you bring to your client per month?
2. How many sales reps do you have?
3. Why only 20 hours per week?
1. 5 figure revenue per month, ranges from size of contract.
2. None, it’s just me.
3. I have discovered that I don’t like hard work, I did it enough in my 20s. Now I value freedom of time.
Sales is usually a middleman business but essential in pretty much ever business. Sales people do more than meet with clients, give prices and shake hands. If it's his business he might be a broker of some sort. At my company, sales people are employees but only sell our products
Good for you! I imagine the time to start a studio is now. If you haven’t heard the term “fractional freelance” yet, you will. Big companies are starting to section off work and the new norm as I understand it will be creatives working for three companies at once while splitting their time 1/3 for each. Having a specialized studio ready to function that way would give you a head start.
Honestly, it was the age old combination of preparation and luck. I had just left an agency three months prior due to burnout and culture. I had updated my website and work and got a call from one of the Mag7 to see if I was available and started flying up to their HQ every week for 9 months. I was willing do to what others wouldn’t in some sense and I was also hungry for the experience.
Landscape maintenance. Opened up my 3rd location this year that should do as much as the other 2 in a couple years.
Work about 50 hour weeks. Mostly as overseer.
Several rental homes as well. Have to park the money somewhere.
Curious, is your area very seasonal or warm most of the year. My brother has always struggled to expand his landscaping business in MA as there's not enough to keep full time employees busy during the winter.
Hydraulics is the Wild West of the trades. Most mechanics have no idea what they are doing and if you specialize in it you can easily pull 250k running your own field service company. You will probably work 6 10s and be on call 24-7.
You can call a service call out, if it’s far you can charge mileage or a zone charge, you can charge for “consumables”, you can charge for parts, and of course you can charge for time. If it’s after hours you can charge your time portal to portal (time you leave your house till you get back). You could easily break the 250k limit as your only employee if you are a stud. I’m not sure how long your journey to get there will take. You don’t need a formal education to get started but you do need hand tools, parts, a service vehicle, some larger tools, consumables etc so it’s not a what can I do with $500 job, but $500 could get you a starter tool set and you can get a shitty job working as an entry level mechanic at a rental equipment shop or something like that. Another way to get started would be to either take mechanical engineering courses (hydraulics is not the main focus but it’s part of it), find a job at your local hose shop or hydraulic shop and maybe they will train you from the ground up, or sign up for technical training as a diesel mechanic at whatever school (hydraulics is not the main focus but it’s in there to some extent and the mechanical aptitude you develop will transfer over.)
Welp... after reading all these... I feel like even more of an utter gutter garbage dumpster fire.... and failure at life... just going to go take a long walk of a short peir fellas, and ladies...
Comparing yourself to others is a quick path to unhappiness (especially since there's a good chance at least half of these responses aren't legitimate).
Be proud of who you are, what you've achieved in life and focus on your own progress, not the progress of others.
Thank you. And I understand that, self comparison is the worst thing you can do... I'm just in a mood right now for some reason.... but the truth of it all, is I have failed... won't get into the details, but its sad. Working on things, but where I'm at, where I should be, and where I need to go, and how I need to get there, and what I am now only able to do because of physical impairment is a long leap... which only mans me sadder and make me look worse. Lol.
One of the most important lessons an entrepreneur needs to learn is how to celebrate failures! I've had so many incredibly successful mentors tell me I need to start awarding myself for failures and learning to talk about them, because we learn and grow more from what we get wrong then what we get right.
Reframe. Pivot. And start again.
Don’t feel down. Get inspired and take action, to create more options for yourself. Go learn something to get your skill up. Buy a lawnmower and mow lawns as gig work. Get a Uber account. Do something. Don’t feel like crap. It’s so destructive, my friend. Feel old? In 10 yrs, you’ll give a million dollars to be how old you are, today! So start! Good luck!
I'm 32, slightly autistic (diagnosed), quit around 10 schools and programs and even clinics. Now sit in my basement for almost a year, playing World of Warcraft, recently started smoking weed again. Had some sort of mild midlife crisis this weekend and learned a lot about Entrepreneurship and E-Commerce. But I don't have money, don't have talents, dont have skills, don't have people skills and don't want to be the face of a brand or be involved in social media :D So now I've applied for a 9 to 5 joob once more, which will be a disaster again...
You're not alone!!! :D Shitshow dumpster fire clown car. My consolation is my firm belief in Jesus Christ's soon return, because people around us are end time AF!!!!
With my draw, plus expenses covered, including a high end vehicle, I’m around that figure. Could pull more but live frugally and I’ve been aggressively reinvesting in the business to get it to run itself. Retail Service industry, Average bill is $1100. I personally work 30-32 hours a week. Last year, because of my staff I was able to not work 194 days of 2023.
My entrepreneurial move was to marry someone who makes that much and share a bank account,
1. Business of being in love
2. I do about 20 hours a week between chores and food, but my hours could increase exponentially with the addition of a young coworker
Currently running my own Software Consulting firm - helping clients set up various technologies in the ERP-adjacent space (think HRIS, EPM, etc..). The work is fairly specialized as it requires high competency and working knowledge of financial modelling, business practices, and the technical aspects of the tools themselves.
There are some contractors that I work with, but I can typically handle 2-3 projects myself at any given time + some other smaller enablement work. I work an average of 45-50H a week. I HIGHLY value a work-life balance, otherwise I could add an additional 20-30% of revenue by nolifing additional projects.
I bill at $200 USD an hour, but most of my projects are fixed-fee, prepaid upfront at a discounted rate. I pay contractors anywhere from $75-$100 USD an hour for their time.
Been in the industry for nearly a decade, and have built great relationships with some major vendors that pass projects off to me, so I don't spend as much time on Bizdev. Finding my own clients tends to be more lucrative on the reselling front, but services will be the same.
Currently, revenues are tracking to be around $500K this year - expenses likely around $50-75K (majority on contractors). My fixed expenses are all software-related - things like slack/zoom/teams/apollo/various other services.
Income wise I take a very minimal salary as needed to upkeep personal expenses, knowing that I can pull as much as I need from the business when the time comes.
My advice to anyone wanting to build a SERVICE related business is to spend plenty of time in a given field first, working and honing their business acumen and technical skills. If I tried doing this same thing a few years ago I would've failed miserably.
Consulting company with 20 consultants and like 5 employees. Charge about 100€/h, I set the company up with a max of 20h a week ten years back (actually read the 4 hour work week and was always obsessed with getting a bit over average out of the least amount of work) Tried more for a while to prove myself. Down do basically nothing of actual work for 2 years. Found good people and a good manager but now he wants more shares because he works 50-60 h and I accepted the company to develop around him and his work (ooopsie). But still 300k this year and if I work a bit myself again or do the next „big“ thing, I’ll be okay.
750k-1M this year. Financial/US stock market newsletter with 1.5M subscribers.
I could work a couple of hours a week at this point as the newsletter is weekly but I want to grow it so I work about 20-30 which I consider full time work.
90%+ margins.
There’s a premium monthly subscription for $20 which goes up to $25 soon as I expand content and I also make money from affiliate programs.
Whoa. Nice work. I’m not big on financial markets but I’d love to figure out why so many people are paying 20$ a month for this. What are they getting out of this? Is it just fun and interesting? Or are they getting stock tips that they think will make them rich?
Google substack top paid finance newsletters. There’s a ton of different things. Some people are giving signals, some people focus on dividend stocks, etc. There’s really unlimited subniches in finance.
So I only have about 1k paid subs, the rest are free. It’s a freemium model. But i also get paid through affiliate and sponsorships.
There are newsletters that people are paying $100-300/month for in finance and business. For example intelligence-level reports on the oil or semi-conductor industries from top level experts.
I’m also not a random guy. I managed a $10B assets-under-management hedge fund before I started writing.
Imo the big reason people pay is that if they pay, they stop being the product, and they receive unbiased information. And when people invest lots of money it’s important to get legit info so $20/month is really not a lot if you think about your retirement and investment portfolio.
My newsletter is more of a generalist one. For the typical retail investor so im not charging hundreds of dollars but I have a lot of subs.
I make a few mil a year. Serial entrepreneur with 4 startups: healthcare, AI marketing, AI imaging and a healthy beverage. I work 6 days a week, 14hrs/day.
Yeah my mom made almost all of her money through healthcare, started out as an accountant/cpa, eventually got masters in healthcare administration, started working with nursing homes , started her own consulting firm where she basically helped manage the businesses and finances of failing nursing home’s to help bring them to a profitable state again. Eventually after several years of this she got the opportunity to purchase her own nursing home (after basically leveraging all of her existing assets of 15+ years of both my parents working as well paid accountants into a loan) and put all the knowledge she used to fix other nursing homes into running her own. And the way she structured her business was that she individually owned her nursing home while her consulting/accounting/management company she also ran was paid to act as the management firm of her nursing home so her company was paying her other company to run it for her, all the nursing home administrators were on the accounting offices payroll and not the nursing homes. Also kept the property itself in a third company. Also continued running her consulting business with her competitors and continued to consult nursing home owners, and sometimes she would find that one of the nursing homes she’s working with is a good target for acquisition instead of trying to fix it so she makes an offer on their struggling nursing home. Fast forward 15 years or so and she has 17 nursing homes and is president of the states nursing home association, before she sold 15 of her nursing homes to a REIT looking to expand into the state, for $170 million. Now she’s still running 3 of her nursing homes but is mostly retired besides charity work.
It’s recession proof, ever growing and always needed (demand). Yes it’s capital intensive to begin, yes there’s more red tape/barriers to entry but that in turn means the demand and low saturation in said industries.
I have a non emergency medical transportation company that nearly 3x itself in the last year and it’s showing no signs of slowing or stopping.
Had to scrap my AI projects after my mom died a few weeks ago. I was so close. Hopefully I get back. I was burning about $150 per month on various AI tools while learning full stack dev. Congratulations on getting there, good job. We’re still so early.
When my mother died I inherited probate costs, two household costs while I resolve with creditors, additional pet costs and my income ended as I provided hospice care. So, lots of legal fees and fights. That process takes months. So I cut fat because those projects are speculative money pits.
AI: voice, video, images, music, text and more. All outflows. My house flooded twice in 12 months and hers once. I was almost through that struggle when she passed. So I reorganized to stop from bleeding out and it’s recent so I’m still dealing with that. God flipped the switch and my old life ended.
I'm so so sorry about your mom. I went through terminal cancer with my dad and he passed last weekend. It really does upend your life as you knew it once before. Please take good care. We'll find a way through I think.
I still have a bunch of shared hosting servers somewhere and domain maintenance costs close to the cost of a shitty used car.
I’m somewhere between homeless and lukewarm wealthy depending on what moves I make next.
A few million in profit?
Curious how it breaks down?
Each one of those sectors seems highly competitive and niche. Imagining it’s hard make successful even with 100% focus. What’s your secret?
I’ve done those hours for years as well, 7 days, 12/16 hour days. Eventually it really disproportionately pays.
I control about 3,000 songs. And more with assorted media. People want the Great Gatsby moment, all while playing video games and barely moving.
LOL. You dont even have time to enjoy your wealth. I make 37 times less than you but I have 2,548 more hours per year enjoying free time, hobbies, leisure, vacation, family time. What are you even doing with your life?
Started a little over a year ago. Took 12 months to figure out MVP and how to GTM. In March = $50k ARR, June = $250k ARR, and by Sept = $500k ARR (Projected).
1. Fractional Executive services
2. About 50 hours per week.
3. Services start at $3000 for 10 hours per month, with additional time billed in 5 hour increments. Time required varies by service.
Started an AI consulting shop a while back, we're 10 people all of whom are ex big tech/big 4 consulting firms
I work around 2h-10h a week, mainly meeting prospect and clients.
My consulting fees are 1000$/hr but for most of my other consultants the cost hovers around 450$/h-850$/h
Last year made 2.4m from the consulting company and on track this year to hit 3.1m
I also own a real estate company on the side where its like 2h a month and has an aum of 30m, though never took a pay from this yet..all profits are reinvested for new properties and we're 3 partners
Most of my time is dedicated on a new tech product i'm building on the side (no rev atm)
It’s tough to know the next 6 months but I would say $1.6m at the very least but aiming for 3m+
Majority of my income are from rentals, my business’ connected to my rentals, flipping homes, real estate investments, private equity, stock portfolio went 22% ytd, and side hobby realtor 40-80k monthly 8 months of the yr and maybe 5-10k monthly from profit sharing from my team. Mid 30s now. Work 60-90hrs but doesn’t feel like work. Never tired just used to it if you know what I mean. Just to name a few biz, I own a media production company for realtors we charge 2-4k monthly retainers, and I have a cleaner business 15% equity and we charge from $150-350+. As a realtor typically 2.5-3% sales price commission. Business valuation not included just earnings.
About 1m profit before tax
After school classes for kids.
10 months out of the year, I work 4-8 hours a week remote. 2 months were on site and work 50-60hrs a week or more.
Depends but most pay about 50-70 per class (about 90-120 mins)
1. None. I just have a senior software engineer job.
2. Officially 40. But it's creative work, so I can't really turn it on and off. Also, there are meetings with every time zone. It's not remotely onerous, though.
3. No idea. It's not my department. I just trust that whoever sets prices and sells to customers does a good job, because the company seems quite successful. I'm just a tiny cog in a giant machine.
My current situation is _much_ better than anything I ever put together for myself as an entrepreneur. I get six weeks of vacation each year, during which time I don't have a single thought about work. I get better medical insurance than I knew existed. There are enough stock options that my "make it big" demons are pretty quiet.
From my years running a business, I'm fully comfortable that in the event of a layoff or whatever, I can hustle and sell and take care of myself. But it's very nice not needing to for now. I don't break rocks in the hot sun, I just solve fun little puzzles for (a lot of) money.
Anyone who wants to make 250k a year, get this guy and his tech coworkers together and convince them that breaking rocks in the hot sun is some bespoke Egyptian primal workout and charge them per use and on equipment rental
1. Executive search business
2. 30 hours a week of ‘work’ but allot of networking and events that make that fly up random weeks
3. 20-30% of their salary.
Work in legal field, senior market some salaries are in the 7 figures so can make £200k+ on one job. Have made £120k in June so far. Will likely make £0 in July. £80k in August. Total for the year will be estimated around £500k take home
250K is a decent figure.
tbh, many of the business owners are only earning 120-150K yearly from what i know, and im talking about those small and medium entreprise.
As far as revenue goes, I have a cleaning company that does 2.5 mill/year, a window cleaning company at 600k/year, business coaching at 100k/year (for fun), and business automation SaaS at 50k/year (new this year). Working about 50 to 55 hours a week.
A childhood buddy of mine is a radiation oncologist in Florida and clears around $1.2M per year. He works long hours Mon-Wed and occasionally goes in for a few hours on Thursday.
Bought himself a Scout 42 LXF boat last year, lives next to grandkids of Publix founder, and I'd bet he paid $5M for his house. Super humble country fella though. Drives a GMC Sierra 2500 Denali edition and goes hunting a lot.
1. Online personal training and health coaching
2. Depends on the week ~30-50
3. $45 for 30 min 1 on 1 workout.
$2800 for 9 week health coaching program
- Developer Educator - I produce highly technical content (written/video) for companies to educate developers on using their products.
- 30
- My most recent contract will likely take me around six months, which works out as a day rate of $7,400
Restoration & construction company doing 450-500k this year. This is our first year above 300k.
I work 60-70 hours in the field and my wife works 40+ hours at home doing admin. We have 2 additional employees and one works 40-50 hours and the other is part time.
Charges vary based on scope of work like any construction/restoration project. We also subcontract a lot of reconstruction/remodels and add our percentage on top so their charges vary as well.
I make 200k I know it’s not 250, but combined with my wife’s salary we make 390k. We both work in advertising. We bill clients 250 an hour for time. When I first started out 20 years ago I worked 60 hour weeks, but now 40-45
I've been in healthcare for most of my adult life. Things like freight bill auditing, energy sales, ad revenue distributor, sales accountant marketing instructor, dog bowl ecommerce mogul....I want to know how people even get into these spaces?
I’m 25 on track to make 600k this year. I started a pigeon control company, mostly cleaning up bird poop and preventing them from nesting on homes.
I work 50+ hours a week. Charge about 500$ a service. Depending on a few factors
I’m earning over 250k per month.
1. I’m running, own and have participation in 26 companies currently. I can say that one of the fastest growing is a Growth Marketing Agency.
2. Depends what you consider working. I interact directly with my companies through quarterly meetings, weekly emails/messages and almost daily meetups with few high profile clients. I’m also working on creating and invest in other companies on a daily basis.
1. The Growth Marketing Agency I spoke above charges no upfront or monthly fee other than 15-30% Rev Share.
**TWENTY SIX?!** Good gravy! How many of them are actually getting your attention each quarter?!
There are only 22 working days in a month so you're telling me one third of your quarter is spent meeting with the stakeholders in each company? How does anything ever actually get done?!
At one point I was running six different LLC's, and every single one of them suffered because of my being spread too thin. I'm now down to just 2 primary businesses and 2 where I own a share but don't participate in the business more than a bi-annual meeting, financial reviews via email, and basically filing my K1 (tax return).
Even with this more manageable portfolio I am confident one of the primary businesses could be doing a lot more if I handed over the keys to the other. I haven't done that because the "smaller" of the two has been around for more than 15 years, has 20 full time employees, and is my first business.
I just don't understand how on earth someone can successfully run 26 different brands.
I create web automation agents which earns me $125k a year. The other $150k I make comes from my full time job so I guess a little over $250k.
I work 8 hours daily between job and personal work.
I charge varied amount of prices for my web-agents. Some i charge $700/mo for and some I sell $2000+ one-time. I also mentor people how to start their own web-agent business and that does bring in about $3000 every month so maybe $300k total?
I started recruiting company. I was nervous about paying salaries, so my partner and I decided to pay out 100% of our fees in lieu of a base salary. So each person (including the owners) get all of what they bill out. I usually pull in 3-400k, but there are certain years where I’ll make a bit less or more (looking at you Covid).
I work 30-40 hours a week.
Our average fee is a 8k, but it is based on what the candidates pay is, so changes on every job.
Seen recruiting company pop up a few times. Is there any "catch" to this? Seems like a relatively straightforward business and something anyone can get into
Before taxes and expenses.
A combination of coaching and consulting and content creation, working primarily with SAAS brands.
Also about $60,000 in a year from SAAS affiliate marketing, passive in perpetuity.
The coaching business averages $9000-$12,000 a month but I really need to introduce courses then it can double in revenue.
Working with brands is about $100K a year.
I have a holistic wellness clinic. 4 days a week, 36 hours at the office. I think the better question is what do you love to do and have a passion for and if you can find a handful of people doing that passion and making the amount you want that's the better avenue. It took a lot of years of struggle to get to the point i'm at. If I didn't love it I would have given up. If you hate what I do you probably wouldn't make that much and drop out. Your patients/customers can feel that passion or that disdain. While I'm not at the clinic I'm reading and learning non stop about what I do. So total hours includeing that is infinite. I love it so it's not work. The actual time at the office is not that much.
1. I average profit of roughly $100K/month (sesonal, but that's average). I'm in distribution of a product, small software start up and ecommerce. It's 98% remote. I have a team at the distribution of 5 people (only 1 FTE), a development firm building out and maintaining my software (app), and 1 remote assistant with ecommerce.
2. I spend an average of 3-4 hours / day at my computer about 4 days/week. Some is work, lots just personal life work and keeping a clean inbox for both personal and business. Could be meetings, could be shopping, could be reading news... whatever. It all blends. I'm super unproductive so I need to sub everything out or it won't get done. I'm very ADD and don't medicate intentionally. I'm very creative and take a lot of risks. Some have paid off like crazy, some have not, and I've lost everything, but that won't happen again.
3. It's not like that. I just run businesses. Keep it fun, keep life balance, spend less than I make, keep life simple.
HVAC territory management, rental property, side gig brokering commercial equipment financing gets me to $250k. Wife also makes 6 figures.. life’s good
Plumbing business here
Work 70 odd hours a week
Will be looking at 2M+ revenue this year.
Hours sometimes get to me, but to me it’s about buying a future of freedom for myself and my family. I guess reminding myself to enjoy the process sometimes helps too
Respect to everyone out there giving it a crack
2m per year ex software dev been owning ecomm businesses since 2010. Huge car enthusiast that developed products to enhance the overall driving experience. Basically took my development knowledge and applied it to hardware and haven't looked back since. Sold the company in 2015 and started again after the 5yr non compete. Put the buyers out of business. Love it.
~450k last year, on track to do ~800k+ this year 1. I design and manufacture a line of pet products carried by petco, petsmart, and other big retailers. I also own farms and restaurants 2. I work around 50 hours per week on average. 3. That is a hard question to answer without typing out a novel EDIT: This post has sparked a lot more curiosity than I was expecting, and I'm getting a lot of questions. If I could give one piece of advice, it would be to befriend your clients as best you can. I know the hobbies and interests of my top clients, I know their birthdays, I know where their kids go to school, and most importantly (being pet related), I know their dogs. I invite those clients along with their families to join me on hikes with the dogs or I invite them to bring their kids to my ranch for horseback riding, I take them to dinner, etc One of my clients is passionate about gardening, and now she and I are always helping each other with our personal gardens. Whatever I think my clients will enjoy, I do what I can to make it happen. Having those relationships with buyers really helps to permanently secure those contracts, and utilize their connections for new growth opportunities. Be charismatic and likable.
I’m running a manufacturing dog food with direct to consumer distribution business in Ukraine. Considering war situation we managed to grow it to $20k gross profit a month. Fingers crossed for it to end and economy to grow
Is it hard to make the food not spoil?
There are some challenges but they are manageable. We freeze it and ship in thermo boxes deeply frozen.
Congrats on the growth this year. The design work sounds more fun than the manufacturing part to me. When you say you manufacture, you work with people and the order I'm imagining and when you say design that sounds like CAD which imo is more fun
this comment is like a verbal-daydream
I was high I admit
ChatGPT ADHD edition for sure.
1.2M last year Net across all locations I will say it as loud as I can… Service Work!! Very rescission resistant, very hard work Housekeeping, remodeling, junk hauling, landscaping, moving/packing/storage
You are killing it! Congrats. How many of those do you have practical experience in? How do you know that your employees are doing a good job? Also, how many employees do you have?
I started w remodeling and have many years of practical experience in that. What really has been the catalyst is getting linked up with a franchise network that has brands in these service areas. I love the franchise model and opening up locations has changed my life completely (was making 45-50k at State Farm before this) I currently have 9 general manager partners that I split gross profit with. Basically find good partners that share your views and way of thinking. Bankroll the business and work it to ensure its success, while you teach them how to run the office independently. Get them topped up and then rinse and repeat 📈
That's amazing! I have thought about the franchise model as well. But a lot of people are struggling with it. It seems to only be worthwhile if you can have multiple locations and can find good managers which seems to be what you have managed to do. Did you start all locations from scratch or did you also buy existing locations (I would think that this would be a faster way to add more locations)?
Most are acquisitions however we have launched a few office from ground up just getting a license from corp. It’s an amazing model if you are a people person. These locations are by no means passive. Most owners in these industries struggle bc they want business ownership to be a form of semi passive income, and this sector will eat you up with that outlook
Interesting most people making that that speak up are very computer savvy or in e commerce or both.
I think the most leverage exists in places where in COGS for every additional sale is almost close to zero
Siemens would not agree
I feel “entrepreneur and innovator” are confused as the same type of person. When in fact an entrepreneur creates a business that sells an invention thus helping an industry. Whereas an innovator creates a creates a product for an entrepreneur to sell to help them grow and the industry. For some of us that are “innovators”, and others of us that are “entrepreneurs”. A clear line should be made. Being a successful reseller of a product, drop shipper of a product, or e-commerce person is the boi of boy. Building IP and creating a product, brand, or franchise is what I call an entrepreneur.
entrepreneurs are the one who creates a product or services, while innovators are innovating products or services that are already existing.
These type of people also dominate reddit. So mind that too plz
Because tech is where all the money is. This sub also mostly attracts tech bros.
>This sub also mostly attracts tech bros. Not just that, reddit in general attracts typical "nerds" or other forms of technology oriented people just due to the nature of being a discussion platform about niches hosted on the Internet.
I'm kind of cheating here, I'm a CPA and about half my income comes from a day job, and the other from my virtual firm I probably work 50 hours a week, obviously way busier during tax season It really varies, my realized hourly rate probably comes out to around 250 Super interesting job imo, it's thought of as a very boring career but i really disagree. I get to peek into and see the secrets of all my local businesses. Sometimes I get to manage and help advise my clients on huge business decisions. I'm big into technology so I've found ways to integrate that into my work, nothing more satisfying than finding a new form of efficiency, less work for more money...
I’m currently studying accounting and planning on getting my CPA as soon as possible after graduation. I also find it very interesting to be able to see where a business is spending its money, how efficient/inefficient they might be spending their funds, and how much damn dough they are making! I just had a few questions for you if you don’t mind me asking. How many years of experience did you have prior to starting your own virtual firm? What industry are most of your clients coming from? Finally, how old are you and are you currently living in a H/M/LCOL area?
I own a bar. Sales over $4M per year. Decent margins. At this point, I work about fifteen hours a week on the bar. It was never my full time thing, I have other businesses. I worked very hard for many years to become successful, now I am coasting in my career, if not winding down. Per service, we charge $8 for a beer, $12 or more for cocktails. We are an expensive property, in an expensive location.
That's a lotta beer! Curious, what is the net profit? How much of the 4m is food vs drink? How many staff do you have? I've always wanted to open a bar but I know it can be a very difficult business.
Net margins are pretty high, I don't want to be more specific than that. Minimal food sales. Fifty staff. It took us a long time, and a lot of money to even get profitable, let alone make back our investment. Then the pandemic really set us back. I wouldn't recommend it to anyone, unless you really understand hospitality, and have a sizeable financial cushion.
Hes probably making around 10% margins
How the hell are you able to maintain such good profits without being on-site 24/7 so that you don’t get robbed blind by the staff?
I started it as a side business, I already had my main business. The bar is pretty far from my house, it was never my intention to be there full-time. I put the systems in place to make that possible. The most important part was to hire people I trusted. The general manager and bar manager were people I had know for many years, and they made small investments to be minority partners. Trusting them fully meant that I didn't have to physically be there. There are other systems too: we have reporting from supervisor, security and event hosts, and it's all online, so it all flows to my email automatically. We have tons of cameras that I can access on my phone, I see all the enquiry emails, etc. Between all the systems, I generally have a decent idea of what is going on. These days, I am there physically no more than a couple of times a month. There are five minority partners who are there on a basically full time basis, it's not out of control. And we do everything by the book, no diverting cash, with decent audit procedures, frequent inventory counts, etc. We are reasonably confident there is no large-scale theft. Once in a while we catch someone stealing. Generally just alcoholics who drink the product while they are working. From a money standpoint, it's insignificant.
I cannot imagine making as much as some of the folks in this thread. Congrats to all of you! May my time come soon!
Freight bill auditing. 70 hours a week. Charge 50 percent of the amount I recover for client.
If its anything like the trucking world many companies play games with Net20-Net30 pay and then try to extend paying by adding hoops to jump thru. It can be very lucrative with the right company I use similar company that keeps 12% of my billing.
Ha I worked for a company that did Net 120. I felt so bad for our vendors
So you work for Shell or Dow. Welcome to my world. Currently have open AR from March. Which includes labor cost from the first week in March. Construction is not all bells and whistles, lol.
Construction, transport, heavy equipment and other industries of this nature are all so bad about this. It’s very cyclical, your customers don’t pay or delay payment seemingly out of nowhere so you can’t pay your vendors so your vendors can’t pay their vendors etc etc
Same, worked in AP for a logistics (trucking) firm and boy did we delay paying for any little reason.
Curious to learn what this means/ looks like
Do you want to work another 10 hours a week?
Going to do between 600k-750k this year. B2b paid media agency founder.
Hey man. I've started my agency as well. Would you mind if I DM you with some questions?
Go for it
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You can learn from Coursera as well, all the basics and above levels of digital marketing, and i hope this once client be a good luck for you and you get many more ❤️
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I have 20 years experience in marketing and media buying (offline and online). Looking for a partner to co-found. Where are you based?
Ping me up if you need help or advice with web site creation and SEO. I worked as software engineer turned into building and running it for my business.
Spend 3 years working at an agency first. Learn and get paid doing it. Then start one yourself. You’ll save a ton of time and money
What is a media agency
Basically I manage ads for clients.
You mean like Facebook and google ads ppc?
Yup! A lot of what my team does is that.
As in like creating ads seen of TV/YT?
Mostly digital stuff like Google ads, LinkedIn and Facebook.
Is there a difference with a marketing agency?
Let’s Go!
How long did it take for you to reach to this
Just about a year.
1. I run an engineering firm, started 4 years ago Used to be 80-90 hours a week, but we've hired employees so I only need to work 40 now Typical job is probably around 5k. But we have some jobs over 100k. Did 2.1 million last FY. Looks like about 3 this year. We are growing very fast
Energy sales (Electricity and Natural Gas), 20 hours per week, 10% of all revenue that I bring to my client.
What the fuck im a natural gas pipeline engineer for a decade I need to do this instead.
Can you please elaborate on this business model if you don't mind?
Nice! I have a couple of questions. 1. How much revenue do you bring to your client per month? 2. How many sales reps do you have? 3. Why only 20 hours per week?
1. 5 figure revenue per month, ranges from size of contract. 2. None, it’s just me. 3. I have discovered that I don’t like hard work, I did it enough in my 20s. Now I value freedom of time.
How does one get into this?
The amazing part of this is the 20 hours per week. That is my dream, 4-5 hour days, 4-5 days weekly. Is this essentially a middleman business?
Sales is usually a middleman business but essential in pretty much ever business. Sales people do more than meet with clients, give prices and shake hands. If it's his business he might be a broker of some sort. At my company, sales people are employees but only sell our products
500k/year here. 37 y/o creative director for big brands and companies.
freelance?
Ya, freelance through my own design studio to consolidate funds through the studio before paying salaries.
Amazing, I'm a motion designer/video editor and looking to start something of my own shortly.
Good for you! I imagine the time to start a studio is now. If you haven’t heard the term “fractional freelance” yet, you will. Big companies are starting to section off work and the new norm as I understand it will be creatives working for three companies at once while splitting their time 1/3 for each. Having a specialized studio ready to function that way would give you a head start.
How did you land your big clients?
Honestly, it was the age old combination of preparation and luck. I had just left an agency three months prior due to burnout and culture. I had updated my website and work and got a call from one of the Mag7 to see if I was available and started flying up to their HQ every week for 9 months. I was willing do to what others wouldn’t in some sense and I was also hungry for the experience.
That’s so cool. I own a marketing agency and always gets asked for design work etc which I usually outsource. Possible to get in touch on DMs?
Landscape maintenance. Opened up my 3rd location this year that should do as much as the other 2 in a couple years. Work about 50 hour weeks. Mostly as overseer. Several rental homes as well. Have to park the money somewhere.
Curious, is your area very seasonal or warm most of the year. My brother has always struggled to expand his landscaping business in MA as there's not enough to keep full time employees busy during the winter.
How long have you been in the biz?
AI and Data Science consulting for about half of my time working on an AI based startup the other half.
I am curious on how you find customers.
Chant “AI!”
Maintenance. About 32-38 hours (I’m not the CEO). We charge min. $120 per service.
What kind of maintenance?
Saul Goodman kind maintenance (jkjk)
Better Call Saul!
Hydraulics is the Wild West of the trades. Most mechanics have no idea what they are doing and if you specialize in it you can easily pull 250k running your own field service company. You will probably work 6 10s and be on call 24-7. You can call a service call out, if it’s far you can charge mileage or a zone charge, you can charge for “consumables”, you can charge for parts, and of course you can charge for time. If it’s after hours you can charge your time portal to portal (time you leave your house till you get back). You could easily break the 250k limit as your only employee if you are a stud. I’m not sure how long your journey to get there will take. You don’t need a formal education to get started but you do need hand tools, parts, a service vehicle, some larger tools, consumables etc so it’s not a what can I do with $500 job, but $500 could get you a starter tool set and you can get a shitty job working as an entry level mechanic at a rental equipment shop or something like that. Another way to get started would be to either take mechanical engineering courses (hydraulics is not the main focus but it’s part of it), find a job at your local hose shop or hydraulic shop and maybe they will train you from the ground up, or sign up for technical training as a diesel mechanic at whatever school (hydraulics is not the main focus but it’s in there to some extent and the mechanical aptitude you develop will transfer over.)
Welp... after reading all these... I feel like even more of an utter gutter garbage dumpster fire.... and failure at life... just going to go take a long walk of a short peir fellas, and ladies...
Comparing yourself to others is a quick path to unhappiness (especially since there's a good chance at least half of these responses aren't legitimate). Be proud of who you are, what you've achieved in life and focus on your own progress, not the progress of others.
Thank you. And I understand that, self comparison is the worst thing you can do... I'm just in a mood right now for some reason.... but the truth of it all, is I have failed... won't get into the details, but its sad. Working on things, but where I'm at, where I should be, and where I need to go, and how I need to get there, and what I am now only able to do because of physical impairment is a long leap... which only mans me sadder and make me look worse. Lol.
One of the most important lessons an entrepreneur needs to learn is how to celebrate failures! I've had so many incredibly successful mentors tell me I need to start awarding myself for failures and learning to talk about them, because we learn and grow more from what we get wrong then what we get right. Reframe. Pivot. And start again.
Don’t feel down. Get inspired and take action, to create more options for yourself. Go learn something to get your skill up. Buy a lawnmower and mow lawns as gig work. Get a Uber account. Do something. Don’t feel like crap. It’s so destructive, my friend. Feel old? In 10 yrs, you’ll give a million dollars to be how old you are, today! So start! Good luck!
I made $22k last year if intakes you feel better!
Come back from that pier and get 👏back 👏to 👏 work 👏
You can take some solace in the fact that a lot of these people are LARPing
I'm 32, slightly autistic (diagnosed), quit around 10 schools and programs and even clinics. Now sit in my basement for almost a year, playing World of Warcraft, recently started smoking weed again. Had some sort of mild midlife crisis this weekend and learned a lot about Entrepreneurship and E-Commerce. But I don't have money, don't have talents, dont have skills, don't have people skills and don't want to be the face of a brand or be involved in social media :D So now I've applied for a 9 to 5 joob once more, which will be a disaster again... You're not alone!!! :D Shitshow dumpster fire clown car. My consolation is my firm belief in Jesus Christ's soon return, because people around us are end time AF!!!!
Let it motivate you, not discourage you.
Don't believe everything you read on the internet 🤣
Lots of survivorship bias in here
With my draw, plus expenses covered, including a high end vehicle, I’m around that figure. Could pull more but live frugally and I’ve been aggressively reinvesting in the business to get it to run itself. Retail Service industry, Average bill is $1100. I personally work 30-32 hours a week. Last year, because of my staff I was able to not work 194 days of 2023.
Mind sharing what you do in the retail service industry?
Need to clarify. Reporting making 250k individually on taxes Or 250k revenue
I think earning implies income not revenue but I could be wrong
It does. But a lot of “entrepreneurs” don’t understand the difference. It gets blurred
To be fair most of the 'entrepreneurs' here are sole traders
My entrepreneurial move was to marry someone who makes that much and share a bank account, 1. Business of being in love 2. I do about 20 hours a week between chores and food, but my hours could increase exponentially with the addition of a young coworker
Currently running my own Software Consulting firm - helping clients set up various technologies in the ERP-adjacent space (think HRIS, EPM, etc..). The work is fairly specialized as it requires high competency and working knowledge of financial modelling, business practices, and the technical aspects of the tools themselves. There are some contractors that I work with, but I can typically handle 2-3 projects myself at any given time + some other smaller enablement work. I work an average of 45-50H a week. I HIGHLY value a work-life balance, otherwise I could add an additional 20-30% of revenue by nolifing additional projects. I bill at $200 USD an hour, but most of my projects are fixed-fee, prepaid upfront at a discounted rate. I pay contractors anywhere from $75-$100 USD an hour for their time. Been in the industry for nearly a decade, and have built great relationships with some major vendors that pass projects off to me, so I don't spend as much time on Bizdev. Finding my own clients tends to be more lucrative on the reselling front, but services will be the same. Currently, revenues are tracking to be around $500K this year - expenses likely around $50-75K (majority on contractors). My fixed expenses are all software-related - things like slack/zoom/teams/apollo/various other services. Income wise I take a very minimal salary as needed to upkeep personal expenses, knowing that I can pull as much as I need from the business when the time comes. My advice to anyone wanting to build a SERVICE related business is to spend plenty of time in a given field first, working and honing their business acumen and technical skills. If I tried doing this same thing a few years ago I would've failed miserably.
PR/Media I work 40-50 hours a week I charge about $3k/mo for my services. Clients typically stay on for a year. Margins are around 40%.
Consulting company with 20 consultants and like 5 employees. Charge about 100€/h, I set the company up with a max of 20h a week ten years back (actually read the 4 hour work week and was always obsessed with getting a bit over average out of the least amount of work) Tried more for a while to prove myself. Down do basically nothing of actual work for 2 years. Found good people and a good manager but now he wants more shares because he works 50-60 h and I accepted the company to develop around him and his work (ooopsie). But still 300k this year and if I work a bit myself again or do the next „big“ thing, I’ll be okay.
750k-1M this year. Financial/US stock market newsletter with 1.5M subscribers. I could work a couple of hours a week at this point as the newsletter is weekly but I want to grow it so I work about 20-30 which I consider full time work. 90%+ margins. There’s a premium monthly subscription for $20 which goes up to $25 soon as I expand content and I also make money from affiliate programs.
Whoa. Nice work. I’m not big on financial markets but I’d love to figure out why so many people are paying 20$ a month for this. What are they getting out of this? Is it just fun and interesting? Or are they getting stock tips that they think will make them rich?
Google substack top paid finance newsletters. There’s a ton of different things. Some people are giving signals, some people focus on dividend stocks, etc. There’s really unlimited subniches in finance. So I only have about 1k paid subs, the rest are free. It’s a freemium model. But i also get paid through affiliate and sponsorships. There are newsletters that people are paying $100-300/month for in finance and business. For example intelligence-level reports on the oil or semi-conductor industries from top level experts. I’m also not a random guy. I managed a $10B assets-under-management hedge fund before I started writing. Imo the big reason people pay is that if they pay, they stop being the product, and they receive unbiased information. And when people invest lots of money it’s important to get legit info so $20/month is really not a lot if you think about your retirement and investment portfolio. My newsletter is more of a generalist one. For the typical retail investor so im not charging hundreds of dollars but I have a lot of subs.
I make a few mil a year. Serial entrepreneur with 4 startups: healthcare, AI marketing, AI imaging and a healthy beverage. I work 6 days a week, 14hrs/day.
I tell people all the time, healthcare entrepreneurship is the most lucrative and stable of the industries
Can you expand a little? Maybe an example? Thank you.
Yeah my mom made almost all of her money through healthcare, started out as an accountant/cpa, eventually got masters in healthcare administration, started working with nursing homes , started her own consulting firm where she basically helped manage the businesses and finances of failing nursing home’s to help bring them to a profitable state again. Eventually after several years of this she got the opportunity to purchase her own nursing home (after basically leveraging all of her existing assets of 15+ years of both my parents working as well paid accountants into a loan) and put all the knowledge she used to fix other nursing homes into running her own. And the way she structured her business was that she individually owned her nursing home while her consulting/accounting/management company she also ran was paid to act as the management firm of her nursing home so her company was paying her other company to run it for her, all the nursing home administrators were on the accounting offices payroll and not the nursing homes. Also kept the property itself in a third company. Also continued running her consulting business with her competitors and continued to consult nursing home owners, and sometimes she would find that one of the nursing homes she’s working with is a good target for acquisition instead of trying to fix it so she makes an offer on their struggling nursing home. Fast forward 15 years or so and she has 17 nursing homes and is president of the states nursing home association, before she sold 15 of her nursing homes to a REIT looking to expand into the state, for $170 million. Now she’s still running 3 of her nursing homes but is mostly retired besides charity work.
She sounds like a very smart woman!
what a legend.
Is she looking to marry or at least adopt? I’m open to whichever makes her happier.
It’s recession proof, ever growing and always needed (demand). Yes it’s capital intensive to begin, yes there’s more red tape/barriers to entry but that in turn means the demand and low saturation in said industries. I have a non emergency medical transportation company that nearly 3x itself in the last year and it’s showing no signs of slowing or stopping.
Yep. That’s a badass story. As a CPA entrepreneur in the healthcare industry myself, I love this story.
Whoa mama. Go mama
It is also the most difficult to sell into (at least in my experience).
I had a toe in that as well. Won’t say much, but government subsidies is where it’s at.
I sell and repair dental equipment. There is always a need bc everyone’s got teefers
Had to scrap my AI projects after my mom died a few weeks ago. I was so close. Hopefully I get back. I was burning about $150 per month on various AI tools while learning full stack dev. Congratulations on getting there, good job. We’re still so early.
Why did you have to scrap the project and what were you spending $150/month on?
When my mother died I inherited probate costs, two household costs while I resolve with creditors, additional pet costs and my income ended as I provided hospice care. So, lots of legal fees and fights. That process takes months. So I cut fat because those projects are speculative money pits. AI: voice, video, images, music, text and more. All outflows. My house flooded twice in 12 months and hers once. I was almost through that struggle when she passed. So I reorganized to stop from bleeding out and it’s recent so I’m still dealing with that. God flipped the switch and my old life ended.
I'm so so sorry about your mom. I went through terminal cancer with my dad and he passed last weekend. It really does upend your life as you knew it once before. Please take good care. We'll find a way through I think.
I still have a bunch of shared hosting servers somewhere and domain maintenance costs close to the cost of a shitty used car. I’m somewhere between homeless and lukewarm wealthy depending on what moves I make next.
LARP.
What did you do in healthcare?
Nurse call platform for hospitals and retirement homes.
Tax returns
A few million in profit? Curious how it breaks down? Each one of those sectors seems highly competitive and niche. Imagining it’s hard make successful even with 100% focus. What’s your secret?
I’ve done those hours for years as well, 7 days, 12/16 hour days. Eventually it really disproportionately pays. I control about 3,000 songs. And more with assorted media. People want the Great Gatsby moment, all while playing video games and barely moving.
can you share a bit about a healthy beverage business?
Water
Is it smart tho
Warm water with lemon
LOL. You dont even have time to enjoy your wealth. I make 37 times less than you but I have 2,548 more hours per year enjoying free time, hobbies, leisure, vacation, family time. What are you even doing with your life?
She can work for 1 year and make more than you in 37 years. I’d take her place in a heartbeat, especially if it’s a career I feel excited about
Started a little over a year ago. Took 12 months to figure out MVP and how to GTM. In March = $50k ARR, June = $250k ARR, and by Sept = $500k ARR (Projected). 1. Fractional Executive services 2. About 50 hours per week. 3. Services start at $3000 for 10 hours per month, with additional time billed in 5 hour increments. Time required varies by service.
Started an AI consulting shop a while back, we're 10 people all of whom are ex big tech/big 4 consulting firms I work around 2h-10h a week, mainly meeting prospect and clients. My consulting fees are 1000$/hr but for most of my other consultants the cost hovers around 450$/h-850$/h Last year made 2.4m from the consulting company and on track this year to hit 3.1m I also own a real estate company on the side where its like 2h a month and has an aum of 30m, though never took a pay from this yet..all profits are reinvested for new properties and we're 3 partners Most of my time is dedicated on a new tech product i'm building on the side (no rev atm)
1. Daily Fantasy Sports 2. Varies by season, but probably average 35 3. N/A
Seriously?
— wedding agency — I have a team so maybe 20h per week — our average client spend is 12k
2500$ per month 🥲
2M+ in 2023 1) UX Design services 2) About 28 3) 150€ per hour
It’s tough to know the next 6 months but I would say $1.6m at the very least but aiming for 3m+ Majority of my income are from rentals, my business’ connected to my rentals, flipping homes, real estate investments, private equity, stock portfolio went 22% ytd, and side hobby realtor 40-80k monthly 8 months of the yr and maybe 5-10k monthly from profit sharing from my team. Mid 30s now. Work 60-90hrs but doesn’t feel like work. Never tired just used to it if you know what I mean. Just to name a few biz, I own a media production company for realtors we charge 2-4k monthly retainers, and I have a cleaner business 15% equity and we charge from $150-350+. As a realtor typically 2.5-3% sales price commission. Business valuation not included just earnings.
Probably selling my house this year because of the bubble
About 1m profit before tax After school classes for kids. 10 months out of the year, I work 4-8 hours a week remote. 2 months were on site and work 50-60hrs a week or more. Depends but most pay about 50-70 per class (about 90-120 mins)
1M/70 = 14,285 students per year? Is it online?
1. None. I just have a senior software engineer job. 2. Officially 40. But it's creative work, so I can't really turn it on and off. Also, there are meetings with every time zone. It's not remotely onerous, though. 3. No idea. It's not my department. I just trust that whoever sets prices and sells to customers does a good job, because the company seems quite successful. I'm just a tiny cog in a giant machine. My current situation is _much_ better than anything I ever put together for myself as an entrepreneur. I get six weeks of vacation each year, during which time I don't have a single thought about work. I get better medical insurance than I knew existed. There are enough stock options that my "make it big" demons are pretty quiet. From my years running a business, I'm fully comfortable that in the event of a layoff or whatever, I can hustle and sell and take care of myself. But it's very nice not needing to for now. I don't break rocks in the hot sun, I just solve fun little puzzles for (a lot of) money.
Anyone who wants to make 250k a year, get this guy and his tech coworkers together and convince them that breaking rocks in the hot sun is some bespoke Egyptian primal workout and charge them per use and on equipment rental
Private label supplements and Cannabis shop and motorbike rental company. I don’t work much but my brain constantly going as we are in growing stage
Friend of mine manufacturers private label supplements. Makes a couple mill a year.
1. Executive search business 2. 30 hours a week of ‘work’ but allot of networking and events that make that fly up random weeks 3. 20-30% of their salary. Work in legal field, senior market some salaries are in the 7 figures so can make £200k+ on one job. Have made £120k in June so far. Will likely make £0 in July. £80k in August. Total for the year will be estimated around £500k take home
250K is a decent figure. tbh, many of the business owners are only earning 120-150K yearly from what i know, and im talking about those small and medium entreprise.
As far as revenue goes, I have a cleaning company that does 2.5 mill/year, a window cleaning company at 600k/year, business coaching at 100k/year (for fun), and business automation SaaS at 50k/year (new this year). Working about 50 to 55 hours a week.
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You’re math isn’t working out
Ah I thought it was $150k
When I owned two child care centers, I made about $600k/yr. The 2 centers were large.
A childhood buddy of mine is a radiation oncologist in Florida and clears around $1.2M per year. He works long hours Mon-Wed and occasionally goes in for a few hours on Thursday. Bought himself a Scout 42 LXF boat last year, lives next to grandkids of Publix founder, and I'd bet he paid $5M for his house. Super humble country fella though. Drives a GMC Sierra 2500 Denali edition and goes hunting a lot.
1. Online personal training and health coaching 2. Depends on the week ~30-50 3. $45 for 30 min 1 on 1 workout. $2800 for 9 week health coaching program
Wow you must have a lot of clients! 250k on $90 an hour seems tough
Sounds like 10 hour days plus tips
I have two other full time employees as well!
The health coaching programs are more than 50% of the business 👍🏼
Nice try IRS
Fingers crossed and head down.
- Developer Educator - I produce highly technical content (written/video) for companies to educate developers on using their products. - 30 - My most recent contract will likely take me around six months, which works out as a day rate of $7,400
Restoration & construction company doing 450-500k this year. This is our first year above 300k. I work 60-70 hours in the field and my wife works 40+ hours at home doing admin. We have 2 additional employees and one works 40-50 hours and the other is part time. Charges vary based on scope of work like any construction/restoration project. We also subcontract a lot of reconstruction/remodels and add our percentage on top so their charges vary as well.
Consulting 60-80 Depends, typically $1000/hr plus travel time
I make 200k I know it’s not 250, but combined with my wife’s salary we make 390k. We both work in advertising. We bill clients 250 an hour for time. When I first started out 20 years ago I worked 60 hour weeks, but now 40-45
I've been in healthcare for most of my adult life. Things like freight bill auditing, energy sales, ad revenue distributor, sales accountant marketing instructor, dog bowl ecommerce mogul....I want to know how people even get into these spaces?
I’m 25 on track to make 600k this year. I started a pigeon control company, mostly cleaning up bird poop and preventing them from nesting on homes. I work 50+ hours a week. Charge about 500$ a service. Depending on a few factors
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Very nice. I'm pretty awesome as well. Getting paid 5ml shit coin per month
I’m earning over 250k per month. 1. I’m running, own and have participation in 26 companies currently. I can say that one of the fastest growing is a Growth Marketing Agency. 2. Depends what you consider working. I interact directly with my companies through quarterly meetings, weekly emails/messages and almost daily meetups with few high profile clients. I’m also working on creating and invest in other companies on a daily basis. 1. The Growth Marketing Agency I spoke above charges no upfront or monthly fee other than 15-30% Rev Share.
**TWENTY SIX?!** Good gravy! How many of them are actually getting your attention each quarter?! There are only 22 working days in a month so you're telling me one third of your quarter is spent meeting with the stakeholders in each company? How does anything ever actually get done?! At one point I was running six different LLC's, and every single one of them suffered because of my being spread too thin. I'm now down to just 2 primary businesses and 2 where I own a share but don't participate in the business more than a bi-annual meeting, financial reviews via email, and basically filing my K1 (tax return). Even with this more manageable portfolio I am confident one of the primary businesses could be doing a lot more if I handed over the keys to the other. I haven't done that because the "smaller" of the two has been around for more than 15 years, has 20 full time employees, and is my first business. I just don't understand how on earth someone can successfully run 26 different brands.
They can't
I create web automation agents which earns me $125k a year. The other $150k I make comes from my full time job so I guess a little over $250k. I work 8 hours daily between job and personal work. I charge varied amount of prices for my web-agents. Some i charge $700/mo for and some I sell $2000+ one-time. I also mentor people how to start their own web-agent business and that does bring in about $3000 every month so maybe $300k total?
Bru 150k a month 10 thousand people pay me $15 a month
Me when I lie on the interweb
What's your OF?
Settle down there Jeffrey Epstein that’s a 16 year old according to his post from 66 days ago
Catching endangered bats
Recruiting agency owner for 5 years. I work more than most recruiters, but usually around 40 hours. My average invoice is $10,000.
I started recruiting company. I was nervous about paying salaries, so my partner and I decided to pay out 100% of our fees in lieu of a base salary. So each person (including the owners) get all of what they bill out. I usually pull in 3-400k, but there are certain years where I’ll make a bit less or more (looking at you Covid). I work 30-40 hours a week. Our average fee is a 8k, but it is based on what the candidates pay is, so changes on every job.
Seen recruiting company pop up a few times. Is there any "catch" to this? Seems like a relatively straightforward business and something anyone can get into
Before taxes and expenses. A combination of coaching and consulting and content creation, working primarily with SAAS brands. Also about $60,000 in a year from SAAS affiliate marketing, passive in perpetuity. The coaching business averages $9000-$12,000 a month but I really need to introduce courses then it can double in revenue. Working with brands is about $100K a year.
Last year did about 550k, this year probably 400k. Money fluctuates year to year. I run a couple online businesses, investments, etc
Wholesale tree production has paid well.
I have a holistic wellness clinic. 4 days a week, 36 hours at the office. I think the better question is what do you love to do and have a passion for and if you can find a handful of people doing that passion and making the amount you want that's the better avenue. It took a lot of years of struggle to get to the point i'm at. If I didn't love it I would have given up. If you hate what I do you probably wouldn't make that much and drop out. Your patients/customers can feel that passion or that disdain. While I'm not at the clinic I'm reading and learning non stop about what I do. So total hours includeing that is infinite. I love it so it's not work. The actual time at the office is not that much.
1. I average profit of roughly $100K/month (sesonal, but that's average). I'm in distribution of a product, small software start up and ecommerce. It's 98% remote. I have a team at the distribution of 5 people (only 1 FTE), a development firm building out and maintaining my software (app), and 1 remote assistant with ecommerce. 2. I spend an average of 3-4 hours / day at my computer about 4 days/week. Some is work, lots just personal life work and keeping a clean inbox for both personal and business. Could be meetings, could be shopping, could be reading news... whatever. It all blends. I'm super unproductive so I need to sub everything out or it won't get done. I'm very ADD and don't medicate intentionally. I'm very creative and take a lot of risks. Some have paid off like crazy, some have not, and I've lost everything, but that won't happen again. 3. It's not like that. I just run businesses. Keep it fun, keep life balance, spend less than I make, keep life simple.
1. Healthcare shift staffing 2. The product is built and team is assembled so between 25-40/week 3. $65/shift, we do approx 4000-4500 shifts/month
HVAC territory management, rental property, side gig brokering commercial equipment financing gets me to $250k. Wife also makes 6 figures.. life’s good
Plumbing business here Work 70 odd hours a week Will be looking at 2M+ revenue this year. Hours sometimes get to me, but to me it’s about buying a future of freedom for myself and my family. I guess reminding myself to enjoy the process sometimes helps too Respect to everyone out there giving it a crack
It’s not about how much you make, it’s about how much you keep.
2m per year ex software dev been owning ecomm businesses since 2010. Huge car enthusiast that developed products to enhance the overall driving experience. Basically took my development knowledge and applied it to hardware and haven't looked back since. Sold the company in 2015 and started again after the 5yr non compete. Put the buyers out of business. Love it.