Small buisness owners- who has thrown it all in and gone out on there own?

[rodderz]

Originally Posted by WGN-355

Ok in regards to starting your own business what is the possibility of making it your apprenticeship. Idea would be to start up a business say building as an example then hire a trade builder and put urself on as the apprentice in your own business? Would be alot of work with running the business and tafe but can it be possible?

I wouldn't recommend it. For starters you need to know the ins and outs of the industry and in particular your chosen trade. That only comes with experience. If you hired a builder to do the work it would basically be him calling the shots and running everything, you would save a whole lot of hassle and money by working for someone else, learning your trade and learning how they run their business. It's certainly a big responsibility, you need the contacts, quoting skills, licenses etc. The guy you hire as the chippy would be hanging off your shoulder all the time as you would have to get him to guide you through everything. And the only sorts of decent guys that are skilled at what they do and are able to run a business, are running their own business.

Will take more time but start from the bottom and work hard and work up.