4 ms·

I think a good chunk of services I receive from small businesses are underpriced due to people not realising the business they're starting has an upside similar

I think a good chunk of services I receive from small businesses are underpriced due to people not realising the business they're starting has an upside similar to being an employee but with much greater personal financial risk and working stress. There's really not that much scalability to something without franchise potential.

michaelt 2y ago
Perhaps the personal financial risk and working stress isn't as great as it might seem? Imagine I'm a qualified plumber. I've got my own tools, vehicle, and insurance. I can work as a subcontractor for a local plumbing business. They'll pay me $250 per day when they have work for me. I get no income when there's no demand, and I get no holidays or sick pay. Or I can start my own plumbing business, and charge customers $100 per hour. Sure, I've got to pick up the marketing and giving quotes and sending out invoices - but if I can get the work coming in, I get a lot more money.