Discussion
So I realise I just need more money to sort all my life problems out so would work all hours to get a better working capital up together and not lazy .
Academically I don’t look good on a cv so generally I have never bothered with them and not one for selling myself etc but I feel as though I’m capable of a lot of things and wasting time .
Working for myself seems to be the only option ,(I recently went for a job which all seemed very hopeful managing a 15 acre grounds site then heard nothing and just turned up with no cv but i was there talking for over 2 hours ) .my current work is slow and only making the bare minimum at the best of times .my other option is to sell an asset which could potentially give me 65K of cash to invest with a maximum 5 yr plan to get back at least 200K then use that in property but in the same time I can rent that property out giving a very modest income and at least gives me somewhere else to live ..at the moment I’m paying and not living there so it’s an added drain financially but I find there is little work in that area .my last resort would be to let it back out after loosing 3k with a tenant
The People I grew up with have now got reasonable jobs but in one case only by chance being at the right place at the right time and progressing through with a company upto 100k but at the time he was just a minimum wage shop worker but just got lucky in recruitment .
I don’t have any particular plans or ideas .currently I live with my mum and I have various small income streams , handyman/gardener /painter /dealing with motors (mixed successes but very enjoyable) .love rare and unusual cars and bikes and anything interesting
(Have also Invested about 6k into work tools /equipment)
I could work anywhere in the uk or the world .
Academically I don’t look good on a cv so generally I have never bothered with them and not one for selling myself etc but I feel as though I’m capable of a lot of things and wasting time .
Working for myself seems to be the only option ,(I recently went for a job which all seemed very hopeful managing a 15 acre grounds site then heard nothing and just turned up with no cv but i was there talking for over 2 hours ) .my current work is slow and only making the bare minimum at the best of times .my other option is to sell an asset which could potentially give me 65K of cash to invest with a maximum 5 yr plan to get back at least 200K then use that in property but in the same time I can rent that property out giving a very modest income and at least gives me somewhere else to live ..at the moment I’m paying and not living there so it’s an added drain financially but I find there is little work in that area .my last resort would be to let it back out after loosing 3k with a tenant
The People I grew up with have now got reasonable jobs but in one case only by chance being at the right place at the right time and progressing through with a company upto 100k but at the time he was just a minimum wage shop worker but just got lucky in recruitment .
I don’t have any particular plans or ideas .currently I live with my mum and I have various small income streams , handyman/gardener /painter /dealing with motors (mixed successes but very enjoyable) .love rare and unusual cars and bikes and anything interesting
(Have also Invested about 6k into work tools /equipment)
I could work anywhere in the uk or the world .
Edited by Jack.77 on Friday 4th February 18:57
"Skills based" CVs are much more of a thing so you can say the food qualities you'd bring to a job, rather than a black and white list of qualifications, so that's a thing.
Also, your mate who "lucked into a job" - you may well find that luck had very little to do with it. Maybe he made the time to mix with the right people, grab an opportunity that others might have let pass by, done extra in his shop floor job or had some good ideas of how to improve things and had the balls to tell the people who mattered, etc...
Also, your mate who "lucked into a job" - you may well find that luck had very little to do with it. Maybe he made the time to mix with the right people, grab an opportunity that others might have let pass by, done extra in his shop floor job or had some good ideas of how to improve things and had the balls to tell the people who mattered, etc...
crofty1984 said:
"Skills based" CVs are much more of a thing so you can say the food qualities you'd bring to a job, rather than a black and white list of qualifications, so that's a thing.
Also, your mate who "lucked into a job" - you may well find that luck had very little to do with it. Maybe he made the time to mix with the right people, grab an opportunity that others might have let pass by, done extra in his shop floor job or had some good ideas of how to improve things and had the balls to tell the people who mattered, etc...
The mate was in fact a younger brother who purely just got lucky and started at the company when they were much smaller .I had a flat long before he got the job but now he has 500k house car etc .Also, your mate who "lucked into a job" - you may well find that luck had very little to do with it. Maybe he made the time to mix with the right people, grab an opportunity that others might have let pass by, done extra in his shop floor job or had some good ideas of how to improve things and had the balls to tell the people who mattered, etc...
I have done him many favours for him around the house and never helps me with any job pointers
A CV doesn't have to just be about what grade you got in maths at school. Let's say you love working on cars - do you have skills and experience directly relevant to that? That can go on a CV!
You don't mention your income today, to give suggestions on what you should do, but working for a garage sprang to mind. Learning a trade, if you don't already have one.
Finally - and I'm trying to help here - your post sounds like you're a bit sour about what others have achieved. The grass can easily look greener but you really should only ever focus on achieving your goals, and your personal growth. Help others along, take inspiration from the success of others, but don't focus on what they have.
You don't mention your income today, to give suggestions on what you should do, but working for a garage sprang to mind. Learning a trade, if you don't already have one.
Finally - and I'm trying to help here - your post sounds like you're a bit sour about what others have achieved. The grass can easily look greener but you really should only ever focus on achieving your goals, and your personal growth. Help others along, take inspiration from the success of others, but don't focus on what they have.
NewNameNeeded said:
A CV doesn't have to just be about what grade you got in maths at school. Let's say you love working on cars - do you have skills and experience directly relevant to that? That can go on a CV!
You don't mention your income today, to give suggestions on what you should do, but working for a garage sprang to mind. Learning a trade, if you don't already have one.
Finally - and I'm trying to help here - your post sounds like you're a bit sour about what others have achieved. The grass can easily look greener but you really should only ever focus on achieving your goals, and your personal growth. Help others along, take inspiration from the success of others, but don't focus on what they have.
Ok , good points made I do have loads of different skills .I wouldn’t say ghe posg was sour though but just to the point it’s a dog eat dog world after all .i’ve helped that particular person loads and got nothing back in return.I could probably easily do his job given the chance but it never appealed to me sort of ripping people with estate agent type business model which I can’t stand for some reason .it is unskilled to a certain extent anyway ,a profession like traditional joinery is very skilled and takes a good few years to master .You don't mention your income today, to give suggestions on what you should do, but working for a garage sprang to mind. Learning a trade, if you don't already have one.
Finally - and I'm trying to help here - your post sounds like you're a bit sour about what others have achieved. The grass can easily look greener but you really should only ever focus on achieving your goals, and your personal growth. Help others along, take inspiration from the success of others, but don't focus on what they have.
You'd do well to seriously explore the self-employment route.
You can access £65k of start-up capital without borrowing
You already have £6k worth of tools and equipment
You've expressed a willingness and propensity for hard work
You have some skills and interests in some highly marketable services.
It's not without risk but you still live at home and - I assume - have no dependants and thus the impact of risk is less. The upside of risk is profit and you will rarely attain meaningful wealth and liquidity working for someone else unless you're in the investment banking / law type professions.
I'd say that you are remarkably well positioned to start something up.
Start by spending more time over in the Business forum, Plenty there that have been in the same position and made a success of it. Go see, read and ask questions.
You can access £65k of start-up capital without borrowing
You already have £6k worth of tools and equipment
You've expressed a willingness and propensity for hard work
You have some skills and interests in some highly marketable services.
It's not without risk but you still live at home and - I assume - have no dependants and thus the impact of risk is less. The upside of risk is profit and you will rarely attain meaningful wealth and liquidity working for someone else unless you're in the investment banking / law type professions.
I'd say that you are remarkably well positioned to start something up.
Start by spending more time over in the Business forum, Plenty there that have been in the same position and made a success of it. Go see, read and ask questions.
StevieBee said:
You'd do well to seriously explore the self-employment route.
You can access £65k of start-up capital without borrowing
You already have £6k worth of tools and equipment
You've expressed a willingness and propensity for hard work
You have some skills and interests in some highly marketable services.
It's not without risk but you still live at home and - I assume - have no dependants and thus the impact of risk is less. The upside of risk is profit and you will rarely attain meaningful wealth and liquidity working for someone else unless you're in the investment banking / law type professions.
I'd say that you are remarkably well positioned to start something up.
Start by spending more time over in the Business forum, Plenty there that have been in the same position and made a success of it. Go see, read and ask questions.
Morning Steve ,You can access £65k of start-up capital without borrowing
You already have £6k worth of tools and equipment
You've expressed a willingness and propensity for hard work
You have some skills and interests in some highly marketable services.
It's not without risk but you still live at home and - I assume - have no dependants and thus the impact of risk is less. The upside of risk is profit and you will rarely attain meaningful wealth and liquidity working for someone else unless you're in the investment banking / law type professions.
I'd say that you are remarkably well positioned to start something up.
Start by spending more time over in the Business forum, Plenty there that have been in the same position and made a success of it. Go see, read and ask questions.
Thanks for your thoughts on this.i will look at the business section on here
This is one of the dilemmas I currently have .to release the 65k of working capital or keep that studio flat and perhaps put the bad tenant experience behind me and let it back out .one worry is that say i sell it for 75K I’d only be left with around 65,000 after fees and capital gains deductions .then I have the money sitting idle loosing money with inflation and if I decide to buy anything similar I’d be way short to buy anything outright and would probably be refused a mortgage .(at the moment all I have is a few thousand in savings) I thought about advertising that I will buy good clean vehicles ,just an example but a London garage just buys bikes mostly not over 5 yrs old and in good order and collects anywhere within 3 hours drive .He knows exactly what he wants and what price to pay and imports them as well . I once sold him a nice bike just so he would come and discuss the business model which I’d been interested in .
NewNameNeeded said:
Finally - and I'm trying to help here - your post sounds like you're a bit sour about what others have achieved. The grass can easily look greener but you really should only ever focus on achieving your goals, and your personal growth. Help others along, take inspiration from the success of others, but don't focus on what they have.
You haven’t mentioned your age, nor any competencies / qualifications So Im not sure what we can productively say.But as NNN said don’t focus on others, do good turns because you want(because you’re a nice person) not because you assume it will be reciprocated and finally grass isn’t greener.
Whilst you might see other progress because of who they know that is a key skill. Networking and having good personal relationships take you a long way but aren’t easy or simple to get right (I find the networking harder than building good relationships for example).
I know you’re talking to bunch of randoms and venting but what you say and how you say it is monitored either by potential customers or future employers just like what they say to you is closely watched and judged.
Jack.77 said:
StevieBee said:
You'd do well to seriously explore the self-employment route.
You can access £65k of start-up capital without borrowing
You already have £6k worth of tools and equipment
You've expressed a willingness and propensity for hard work
You have some skills and interests in some highly marketable services.
It's not without risk but you still live at home and - I assume - have no dependants and thus the impact of risk is less. The upside of risk is profit and you will rarely attain meaningful wealth and liquidity working for someone else unless you're in the investment banking / law type professions.
I'd say that you are remarkably well positioned to start something up.
Start by spending more time over in the Business forum, Plenty there that have been in the same position and made a success of it. Go see, read and ask questions.
Morning Steve ,You can access £65k of start-up capital without borrowing
You already have £6k worth of tools and equipment
You've expressed a willingness and propensity for hard work
You have some skills and interests in some highly marketable services.
It's not without risk but you still live at home and - I assume - have no dependants and thus the impact of risk is less. The upside of risk is profit and you will rarely attain meaningful wealth and liquidity working for someone else unless you're in the investment banking / law type professions.
I'd say that you are remarkably well positioned to start something up.
Start by spending more time over in the Business forum, Plenty there that have been in the same position and made a success of it. Go see, read and ask questions.
Thanks for your thoughts on this.i will look at the business section on here
This is one of the dilemmas I currently have .to release the 65k of working capital or keep that studio flat and perhaps put the bad tenant experience behind me and let it back out .one worry is that say i sell it for 75K I’d only be left with around 65,000 after fees and capital gains deductions .then I have the money sitting idle loosing money with inflation and if I decide to buy anything similar I’d be way short to buy anything outright and would probably be refused a mortgage .(at the moment all I have is a few thousand in savings) I thought about advertising that I will buy good clean vehicles ,just an example but a London garage just buys bikes mostly not over 5 yrs old and in good order and collects anywhere within 3 hours drive .He knows exactly what he wants and what price to pay and imports them as well . I once sold him a nice bike just so he would come and discuss the business model which I’d been interested in
Trust me Jack, you're in the pound seats on setting up on your own.
Bernie Ecclestone started out selling bikes. He's earned a few quid over the years!
StevieBee said:
Depending on your business plan and model, you may well not need much start up capital anyway and if you have some savings, that may be enough. If you do need more, you don't necessarily need to sell the flat but can use it as collateral or remortgage it... In fact, that's what you should do that way you raise the funds but retain your primary asset. Obviously if your business goes tits up in the future, you may well end up having to sell the flat but by then, the value may well have increased anyway.
Trust me Jack, you're in the pound seats on setting up on your own.
Bernie Ecclestone started out selling bikes. He's earned a few quid over the years!
I’m still in two minds about renting the flat back out .cost around £5.000 overall in lost rent and damages which I won’t get back .(that was supposed to be a decent tenant)Trust me Jack, you're in the pound seats on setting up on your own.
Bernie Ecclestone started out selling bikes. He's earned a few quid over the years!
But yes I was thinking I could get 6 months upfront and with that I could probably scrape together 3.500 to start a different business or maybe improve my current setup .I have thought a lot before about spending about £3.000 on a big chipper but I don’t think it will actually make a lot more without being a fully qualified tree surgeon which costs a lot to get all the tickets but I did start and got some of them .but then I’d need about a further 5-10k of equipment and no guarantee of the work
Jack.77 said:
I’m still in two minds about renting the flat back out .cost around £5.000 overall in lost rent and damages which I won’t get back .(that was supposed to be a decent tenant).
Jack.77 said:
I have thought a lot before about spending about £3.000 on a big chipper but I don’t think it will actually make a lot more without being a fully qualified tree surgeon which costs a lot to get all the tickets but I did start and got some of them .but then I’d need about a further 5-10k of equipment and no guarantee of the work
Jack.77 said:
Literally spent most of the weekend looking at bikes .Out the 3 I wanted they all sold shortly afterwards and I didn’t get any ...seems like it’s almost impossible to find anything worth buying on all the usual online platforms
The three comments above demonstrate a propensity for pessimism to the level whereby you are actually placing barriers in the way of your own progression. This is highly debilitating whether you work for someone or for yourself.Your next tenant may be an angel - the ideal tenant.
That £3k chipper may kick start your business and lead to a £300k fortune in no time.
The next 3 bikes you see you could end up buying and making a tidy profit.
Only you can make all that happen but not if you always assume the worst. That doesn’t require blind optimism (which can be just as bad) but positivity.
StevieBee said:
The three comments above demonstrate a propensity for pessimism to the level whereby you are actually placing barriers in the way of your own progression. This is highly debilitating whether you work for someone or for yourself.
Your next tenant may be an angel - the ideal tenant.
That £3k chipper may kick start your business and lead to a £300k fortune in no time.
The next 3 bikes you see you could end up buying and making a tidy profit.
Only you can make all that happen but not if you always assume the worst. That doesn’t require blind optimism (which can be just as bad) but positivity.
Hi Steve ,Your next tenant may be an angel - the ideal tenant.
That £3k chipper may kick start your business and lead to a £300k fortune in no time.
The next 3 bikes you see you could end up buying and making a tidy profit.
Only you can make all that happen but not if you always assume the worst. That doesn’t require blind optimism (which can be just as bad) but positivity.
I see your point ,maybe I was a little negative as I’ve had a few bad experiences, I also Had about 2.500 invested in artworks a few years back then later sold for only £600 .they were worth more like (6-10K ) I got unlucky with a bad auctioneer etc and would have rather given them away to charity then get only 10% of there value .
The £1k invested in starting the tree surgery qualifications 2 yrs ago hasn’t progressed to anything much yet but probably a good one perhaps for a cv so not entirely wasted .
It seems I need lots more then a few thousand to invest in vehicles.If I was at a sale in example and stuff was going cheap with not many bidders or interest and I only have limited funds .that is very annoying and I’ve seen it with property .one in particular I could have made 75k+ from by the summer if I had a few hundred thousand to invest .cash is king and quick no nonsense cash buyer puts you in a favoured position for a lot of things
So then the news is I’ve invested my last thousand in a small car to Improve and sell on.not massive profit to be made but I can’t waste that money now which is good
edit .paid to organise collection of car but found the seller was dishonest so left it .very annoying after looking at all the mot’s etc and asking the seller the obvious questions prior to arranging to come .now lost 200 quid and didn’t even get the car which really sucks . It was a lesson about making decisions based on what I know about the car and the seller .i was kind of 50/50 on to buy it or not but the seller wasn’t taking any money off so overall a right douche bag
edit .paid to organise collection of car but found the seller was dishonest so left it .very annoying after looking at all the mot’s etc and asking the seller the obvious questions prior to arranging to come .now lost 200 quid and didn’t even get the car which really sucks . It was a lesson about making decisions based on what I know about the car and the seller .i was kind of 50/50 on to buy it or not but the seller wasn’t taking any money off so overall a right douche bag
Edited by Jack.77 on Friday 11th February 12:37
Could do with some more info to help OP but what about setting up as a self-employed gardener / handyman.
Costs of setting up would be fairly low, small van plus a decent mower and trimmer. If you're handy on the spanners you can find something and do it up.
Need to consider insurance and waste disposal costs. Get someone to draft terms of business and flyers. Perhaps get DBS checked and put that out there as a selling point.
If you come across as clean and trustworthy it can't be that hard to find a few dozen punters - cash rich / time poor professionals would be my target market. Ideal thing about gardening is the constant repeat business as the grass grows back!
Weather dependant to a certain extent and your offering will be dictated by the seasons but plenty of room for expansion as you grow and take on staff.
In time plenty of scope to bid for bigger work / grounds maintenance contracts and the sky's your limit! Chap I know started out from a van and is now a multi-millionaire thanks to school maintenance contracts etc.
I would mention though that you don't seem to come across that well in writing but get in touch with your local council / business forum and they'll have various advisers to help you out with the paperwork side of things.
Costs of setting up would be fairly low, small van plus a decent mower and trimmer. If you're handy on the spanners you can find something and do it up.
Need to consider insurance and waste disposal costs. Get someone to draft terms of business and flyers. Perhaps get DBS checked and put that out there as a selling point.
If you come across as clean and trustworthy it can't be that hard to find a few dozen punters - cash rich / time poor professionals would be my target market. Ideal thing about gardening is the constant repeat business as the grass grows back!
Weather dependant to a certain extent and your offering will be dictated by the seasons but plenty of room for expansion as you grow and take on staff.
In time plenty of scope to bid for bigger work / grounds maintenance contracts and the sky's your limit! Chap I know started out from a van and is now a multi-millionaire thanks to school maintenance contracts etc.
I would mention though that you don't seem to come across that well in writing but get in touch with your local council / business forum and they'll have various advisers to help you out with the paperwork side of things.
Edited by R56Cooper on Friday 11th February 14:31
Edited by R56Cooper on Friday 11th February 14:32
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