Separating myself from work

Ive got to a point where making decent money from developments. I have 2 labourers working for me full time.

Im finding it hard to seperate myself frorm the phisical & onsite management. Labourers are too inexperienced and need someone to watch over them everyday.

I would like to just do admin stuff and focus on growing the buisiness.

Any advice from others who have done the same?

 

You just have to delegate and step back. This is hard to do, but if you don't you will be stuck there doing the work forever. If they really are inexperienced then may be you will need to find different more experienced people.

 

You need a leading hand/foreman not just brawn.

How are you managing to do this without a building licence?

 

Might be better to subcontract your work out, then your workers will have to be competent and capable to complete work unsupervised, or they don't get paid.
If this doesn't work, then hire skilled tradesmen rather than labourers.

Or, do what most people do when starting out and work in the business during the day, and work on the business after hours.

 

Do what you need to do to look after your interests.
All the theories in the world about stepping back do not pay your bills.
Look after your business, look after you. Bs theories don't work

 

My income is like a yo-yo.

Every time I step away, profits plummet, step back in, up they go.

Am yet to meet anyone who has genuinely been able to step away from the business.

Only ever read about people doing so in books and paid-seminars.

Anyone here been able to step away for months at a time?

 

No one will care about your business as much as you do. The more your business involves personal service and attention the tougher to step back.

 

How many of those presenters can step away? They are the face of the presentation so it ain't going to happen (even a guest appearance/host requires a physical presence).

 

Never, at the end of the day an employee will not put the same effort as you would yourself.

 

It's all about how much you work.

As for leaving your J.o.b and becoming a property investor - bs too!
I cringe every time I hear the word "retiring" on this form.
I'm only 30 but have a plan to buy property and "retire", who comes up with this stuff????

There are a few battlers Called "retired property investors" who live off property and don't work but they are living a lifestyle close to poverty and bragging about it - why????

 

I'm concerned about your mental well-being and maybe it's a time for a holiday to recharge your batteries and be able to come back to work with vigor. The other day, I had a complete day off from work or studies and it was really wonderful to just walk around in the city area and talking to random people for abit of a chinwag.

 

Xenia...how did you pick me from the crowd?

You must be psychic?

Be careful.....the great unwashed will be upon ya.....

 

Waaaaaaat?
Lol

 

Ya...know the people who subscribe to principle of Boganomics:

1. Tall poppy syndrome...
2. Their retirement maths is skewed and does not consider inflation...they say they can live on 50k per annum...but inflation was a forgotten thought
3. If you made it but did not grow up poor or had a solid degree sort of edumacation...then you had it easy on wealth road...god forbid if you were a highly paid professional
4. They say youse...not you.....
5. You have to be sexist to be in the club.....
6. Above all...spruiking has a different name depending on who you are....

Youse get my drift don't cha..ya....

Nutin a malacca slap won't sort.

 

Hearing ya.
It's national "kick a ****** in the butt" week

 

At that rate you might have to open a ******ria....it could be very profitable...people will be lining up.

 

Thanks for the advice everyone.

Im thinking start with site manager at $70k pa. and just see how things go for a year.

 

Did you leave off a "1"?

 

I know a handful of people who 'left' their JoBs to invest full time.

There's actually a long process involved and all it really is, is upgrading your job to a high paying, more stressful one.

From what I've seen, part-time investor, full time employee has the more consistent higher return.

My comment about the seminars and books being the only place I hear about being financially free is just that. It sells seminars and books. I don't for a second believe they can walk away.

Ace-in-the-hole said it once a year or two ago. $100k passive is very little when actually retired. You'd burn through it so fast. You'd need at least 3x that just to maintain current lifestyle.

Not saying you can't retire on less. Just it will impact on your lifestyle.