I never had the cajones to get away from a time clock
Not a $10,000 loan. $10,000 cash money. No lines of credit. No debt.
The lower class in this country really believes they cannot get ahead. Also many folks believe they are "middle class" but when you look at the actual definitions most are not or just barely considered middle class.
I never had the cajones to get away from a time clock, but with $10K maybe start an online store selling custom items you can manufacture yourself or customize an existing product.
Average residential yard runs $50. That takes about 30 mins. Once the clientele are established. $100 an hour per yards isn't bad. Add workers, add customers. 2x the yard, 2x the money and so on.
Not a $10,000 loan. $10,000 cash money. No lines of credit. No debt.
The lower class in this country really believes they cannot get ahead. Also many folks believe they are "middle class" but when you look at the actual definitions most are not or just barely considered middle class.
I see so many people trying pyramid schemes (multi level marketing) in desperate but lazy attempts to get rich and "own" their own business. It is really sad to me especially when people go into debt for a racket or to start a non-viable poorly thought out business.
It is easy to scoff at the rich and people who have inherited wealth in particular but what impresses me is how those folks originally got that wealth.
My friend who owns the hydro electric utility started with one small plant. You could wrap your arms around the 150 Kw turbine. He slept in the power house. Then grew the company over 30 years to around 40 plants, most in the 2-4 Mw range.
My point is, to the poor man, lower class, lower middle class...becoming truly wealthy seems a daunting task. I've known farmers who just had generational wealth going back 150 years. Of course those families have had to make good choices and change with the economy but my point is they started off ahead. Ive also known entrepreneurs who have started with nothing and made something impressive, employing 100 people and making an impact on their communities and changing their families status in the next generation.
It can be done.
Im trying to figure this out for myself as well. I do OK. About maxed out for my industry, might be able to squeeze out 20% more next contract. But there are only so many hours in the week. I look at my contract agency and think how much they skim off the top on these contracts...they aren't working hourly but getting paid many times over while others work. They just have to keep contracts coming in and people working for them. I understand that is a type of work but it is work with passive income once the initial work is done.
In order to really do something, you need to build something and not just work check to check or towards the golden ring of "retirement".
Unless the yards are next to each other, loading equipment, driving to next location, then unloading cuts in to the hour time frame.
Entering the real talk zone! Intellectual honesty ahead.But where does the poor man/lower class come up with 10k cash?
In your OP you say it falls out of the sky, but in this post you say the point is that the poor man/lower class can do this. I'm not saying it's impossible, but the lower class/lower middle class will not have 10grand fall out of the sky to invest in a business, and if they do, they probably wouldn't be able to survive until said business became profitable in most cases.
Depending on current working hours, with the right motivation one might work the normal job, change shirts at 5, load the mower and hit yards till 830 or 9 when the sun went down (or paint, do minor appliance repairs, etc), go home, quick dinner, shower, sleep, repeat until he can't keep up and feels it's safe enough to drop the hourly wage, at which point it will be a mad dash to build the customer base to the point of replacing the list hourly income. But I don't think starting with 10k from the sky is realistic when looking at opportunities for the lower class/lower middle class. It ignores what is probably the biggest hurdle, getting the 10k in the first place.
Not trying to derail, just think it is an important part of the discussion that can't really be ignored if this is the point of the conversation.
How about porta potty cleaning? Figuring that isn't something many want to do.
Employees are expensive, period. It's no wonder so many jobs get offshored; it makes those pesky, expensive employees into someone else's problem.The problem is that those people are EXPENSIVE and hiring anyone beyond myself ...
How would you limit it? If you turn away work that requires expensive tools, people will stop using you. If you expand to do everything, you'll spend so much on tools and education that you won't make much money.Back to the dreams - I'd want to start a gun cleaning/repair buisness. I'd do it now, but I have no clue how to get a buisness up and running or if there's enough demand to pay the bills plus a little extra.