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Can I ask how much profit you make off the plants?
by babycake 7y ago
Can I ask how much profit you make off the plants?
- phito 7y agoThis year I made around 6000€ in profit. I could make more but the limiting factor here is mostly time. My main goal is to cover my hobby's expenses, which are mostly the electricity bill and acquiring new species.
- collyw 7y agoWould it be worth hiring someone at this stage? Actually that was what I was curious about reading the title of the question. If you are successful as a one person business, it makes sense to scale it past a one person business.
- magduf 7y ago>If you are successful as a one person business, it makes sense to scale it past a one person business. That's not necessarily true. A lot of businesses just don't have enough demand out there to justify scaling up. For instance, suppose you make a business selling a custom LED set for a particular mechanical keyboard (or come up with some other obscure niche product); just how many people out there do you think are willing to pay for that? Larger businesses need lots of customers to pay for all the overhead, which for a 1-person side gig is essentially free (they're working in their spare time): you need employees you have to pay by the hour, regardless of demand, year-round; you need a building/commercial space; etc. You can get away with a lot of things as a 1-person side gig that you can't when you take on employees, and those costs are significant.