alright lets talk business, shall we

[BIGWOODY]

Someone may have said it already in this thread because I honestly didn't read all of it, go start your own business and all your questions will be answered. I've told this to a few guys who've worked for me over the years, two tried and failed miserably. One just got on a check and said to hell with it. From the sounds of your posts you may want to look into option two.

 

[JSJJ388]

John, as I said in the other thread, I like you dude. I want to see you do well and be happy with your work and your pay. But you will never get there like this. I think youve got some great potential and you look at things from a unique point of view (a great asset), much the same as I do. I really hate to see people bash you on here over a simple difference in opinion, but it has grown now to you posting things that are simply stupid. You have grown in your skillset and now have a chance to really grow. USE IT!!!!!!!!!! I would do some very questionable things to be in your shoes right now...

I started out as a welder in the shop at my current employer. Yes, it was short term just to gain experience, but I did everything the other welders did and held my own. I mad a whopping $12/hr, which is more than our welders make starting out with no certs.

no there not but that is the same ol answer everyone gives and it's load of crap. "the rich get richer, poor get poorer" that came from somewhere?? Even after business expenses, (which I know what business expenses an employer has that I work/ed for so please spare me

again I'm not stupid. I know what expenses there are at each job I've worked since most of them were small business owners (I'm good with math and numbers)

That comes from peons who dont grasp the reality of running a business. Nothing more. Nothing less. You are one of those peons based on your comments here. You clearly do NOT know what these expenses are and how they affect profit margins and pay rates. I work for the largest miscellaneous steel company on the east coast (or so we are told, I really dont know). We work in millions of dollars per month. I have done several bids in the $2-5 mil range, and thats just my bids. I do our bids, so I see all these breakdowns and have to know how all this works. As much as I hate what I do now, it is good experience. I hate my job. I despise the fact that I have to get up every morning and come to this place. But it keeps food on the table, a roof over our head, and clothes on my kid. So I keep my mouth shut for the most part and just keep on keeping on. Has nothing to do with the money, been screwed one too many times. I cant wait for the day I get a job in the field Im looking, but until then Ill keep my head down. I say all that to say this: 3 months is nothing to an employer. A SMALL raise is usually given at the 3 month mark, but not always. Put in a year or so and actually take on some responsibility, then go talk to them. As I said to start with, I want to see you do well. I really do.

 

[UTfball68]

The only answer I keep getting from everyone is "hey dummy you forgot about business expenses"...(again like I was born yesterday).

You keep saying this like it’s a negligible thing, but I don’t think you’re fully grasping what those expenses are once you go legit and/or have to hire people. Yeah, my landscape business operated cutting corners with a couple $50 CL lawn mowers when my brother and I were in college...10 years later, the business looks completely different so we could evolve and remain competitive. Same with the race shop, we all worked our day jobs then another 6hrs every night in our garages...4 years later, looks completely different, and still not where you want to be. Here’s a chart of accounts I’m building for our new ERP for my 9-5, you tell me what ‘expenses’ aren’t necessary so I can pay my staff more (which by the way, I just revamped our pay structure so half of my 200 employees saw a 2-25% bump in pay for their loyalty as we’ve grown and they’ve gone without):

 

[Jody Treadway]

@marty79 I seriously think you're a pretty decent dude. We've hung out at The Flats together a bit and have shaken hands. I am happy to see that you have gotten a great opportunity working with Tim. He will be able to teach and show you many, many things.
I'm not gonna give you any crap. I just want to you to understand the frustration some members have is from your lack of being able to take constructive criticism and also to listen to some life lessons others have to offer. Nobody truly cares how you make a living, they just want to see you succeed (like every member here). Nobody here hates you, despises you or wants to see you fail. If that were the case, nobody would be offering their advice.
What we have here are some accomplished business owners and business people who own and/or manage employees. They have a different perspective on salaries and wages than you do. Don't take that as them being combative, but rather an opportunity for you to see a different side of the practice. I had no idea myself when I was at the dealership and was making $2X per hour and they were charging $1XX per hour. Now running in the family lumber business I see everyday the struggle to maintain a reasonable profit with the abundance of bills and expenses that we (and every other business) face. It's not greed but rather a way to sustain the business.
Think about it like this. Let's say you bring home $500 in your paycheck. Do you spend all of it? Or do you set aside xxx for a rainy day, xxx for groceries, xxx for rent, set aside xx for taxes, xx for insurance, xx for when work is slow over the holidays and revenue isn't rolling in as much. Business is very, very similar.
There is a likelihood that what you think you're worth to an employer simply isn't reality. If that is the case, you may just have to work for yourself and take on the challenges that go with doing so.

Listen man, I'm rooting for you. I truly am as are others here. But you need to take the valuable advice being given here (amongst some of the BS) as a means of better understanding your situation.

 

[JSJJ388]

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day, you're the asshole."

I think this would make a great signature. Consider it stolen!

 

[SHINTON]

@UTfball68 man you got a LOT of unlabeled revenue accounts!? Could be your accounting software but instead of an "account/number" for every cost center (Lab, Finance, Sales, Admin, R&D, IT, etc) there should be way to have "classes" or something else that does this for you?

But I am distracting from this thread, please carry on, I am taking notes, honestly this is genius and when OP sets up shop and is raking in the dough give me a shout I will help you with the tax code / return.

Self employed or small biz owner making say 50-75k per year or more right now are 'only' taxed at 15.3% self employment tax (FICA), and approx 22% Fed and 5% to NC on every incremental dollar earned. So "the man" is taking 42% of all those glorious dollars. (I am assuming their spouse works too, so they are MFJ and in 22% tax bracket combined income)

2019 Federal Income Tax Brackets | 2019 Tax Brackets and Rates

I really have nothing else constructive to say, was just horrified at the uploaded chart of accounts...

 

[UTfball68]

View attachment 301728

@UTfball68 man you got a LOT of unlabeled revenue accounts!? Could be your accounting software but instead of an "account/number" for every cost center (Lab, Finance, Sales, Admin, R&D, IT, etc) there should be way to have "classes" or something else that does this for you?..

Place holders...and I prefer seeing what the actual account description is at a glance. I do have class and account codes...and I’ve structured the accounts such that the first 4 tell me category, next two tell me department and last two tell me business unit.

 

[obullfish]

This might be needed now.

 

[RHSCTJ]

This might be needed now. View attachment 301739

Rock Hill is full. No room here.

 

[braxton357]

This might be needed now. View attachment 301739

I'd love to see his resume.

 

[Blaze]

I'd love to see his resume.

It is probably 14 pages long.

 

[DSM Turbos]

I have nothing to add to this (everybody already made the points), other than if you were my employee talking about me on this forum like that, you wouldn't have a job

I'm surprised you have one still to be honest.

 

[Blaze]

I have nothing to add to this (everybody already made the points), other than if you were my employee talking about me on this forum like that, you wouldn't have a job

I'm surprised you have one still to be honest.

He doesn't.....

 

[77GreenMachine]

And just like that, John doesn’t work there anymore

 

[Chris_Keziah]

I have nothing to add to this (everybody already made the points), other than if you were my employee talking about me on this forum like that, you wouldn't have a job

I'm surprised you have one still to be honest.

Nope no job here

 

[BigBody79]

What thread was that?

 

[Ron]

Build thread...moved to the g'rage.

 

[obullfish]

It is probably 14 pages long.

Nah ya don’t list employers less than 3 months.

 

[Loganwayne]

It is probably 14 pages long.

I shit you not I’ve meet another fuller. He was a pm for one of our subs, we fired the subs and they fired him. He came to our office wanting a job and his work history was 6 pages long and no job had been over 8 months


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[BigBody79]

Well he should be home by now to update this...

 

[rockmafia]

I shit you not I’ve meet another fuller. He was a pm for one of our subs, we fired the subs and they fired him. He came to our office wanting a job and his work history was 6 pages long and no job had been over 8 months


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You should have hired him and given him a huge raise. All those other employers just didn't realize how great of an asset he was if they just paid what he was worth.

 

[NickMaul]

Nope no job here

Lol


Don’t shit where you eat. Can I put my resume in and request $100/hour?


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[Hoodw!nk]

Well I guess this resolved itself rather abruptly

 

[UTfball68]

He came to our office wanting a job and his work history was 6 pages long and no job had been over 8 months


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I understand what you're saying in this case, but in fairness, that's really not that uncommon these days, and something I always have to explain to elderly management. Gone are the days of everyone working one place their whole lives. The younger working class want perks and quick advancement...recruiters know this. Give a late 20's kid a title, flexibility to work from home one day a week and a gym membership...you can probably lure them away from whatever company they're currently at with little to no increase in pay (maybe even a decrease if you shorten their commute). With the economy over the last decade, a lot of the laborer class is just chasing the next highest wage (cough cough, theme of this thread)...and don't feel lucky to just be employed. Hell, I've worked for 7 different companies in 10 different roles over the last 10 years myself...admittedly, chasing salaries and titles, never working for 1 company for more than 2 years and my current role is the longest I've been in a particular role. For every 100 resumes I review from the lowest level employee I have on up to the C Suite, I bet there are less than 10 resumes that have stayed in one role for 5+ years in the last 10 years.

 

[CasterTroy]

something I always have to explain to elderly management.

Ahh geez kid, scram...ya botherin me...you're not even old enough to understand towing



There's no longer an "R.J. Reynolds" that rewards you for 30 yrs of loyalty with a pension that basically equaled your paycheck for the rest of your life. Now you've got AT&T's that will lay you off after 28yrs to avoid paying you retirement...so where's the incentive to stay ANYWHERE?

(I say that sitting in an office with a title at the same engineering firm I started at in 1995....but I DID stray in 2005-2009 to construction. Just the tip....just to see how it felt)