i guess the whole sum is what all would consider working or not. some of the posts have mentioned successful and making it. there is a difference between the two. second incomes at home cannot be considered when deciding how your business is doing, however they can help you make it. success is also in the eyes of the beholder and open for opinion.
if we want to try to define success or making it in a business sense, i would first look to money. that seems to define it in most peoples eyes. money in a business = success. making it in business is something else. if you are making it, under the same money definition, then you have cash flow but no real profit. there is money in your bank account but it is not growing. your average balance on your statement always seems to hover at the same level as where if you are successful your bank account would grow every month.
although this is the way some look at it, others see it much differently. my wife and i are some who look at it differently. making it., as far as money in my bank account growing every month is not as important to us. we make enough to pay ourselves a decent
salary each week and that takes care of our personal bills and puts away for retirement. as long as that is done and are also able to pay the business bills and have all aspects of the business funded properly we consider ourselves successful cause we have done what we set as a plan. we are able to work or not work at our sole discretion. if there is a major expense we can take care of it and rebuild the fund and then go back to our current lifestyle.
ofcourse we are able to do this with the business because our personal lives are virtually debt free. we do however own a house have a car have utilities, taxes, insurance and other expenses associated with a household. we just have no extra expenses for toys. the ones we do have are paid for in cash or they are not bought. you only finance big ticket items not toys.
most people on the forum would call me a liar if i told you what salary our corp. pays us weekly and we have not given ourselves a raise in almost 10 yrs. the one we got then was a 100.00 per week raise over what we did make b4 we got into expediting.
now, b4 i disclose the amt. keep in mind that we have 3 children,
1 which i paid child support for and the twins which lived with us = everything x 2 for all important and necessary activities. twins graduated in 02 my son in 07 we bought a new car in 97 and daughters car and 1st trk in 2000. put 5k cash down on trk. to date we have paid off the car put 30k cash into a remodel of house { some of this was done b4 trucking } got all the kids out of hs. and into college. pay some of the daughters college expenses her twin brother has a learning dis. so is not in college but that did require private school for 5yrs prior to hs. and we pay for my sons tuition. and all expenses for running a house with kids in it then on 600.00 a week.
my point is success is what you make it and what is important to you. there really is no way in real life of defining it only in websters. cause a homeless person on the street that finds a place to live considers that a success. so i ask all of you. are you successfull or are you making it ? WE, ARE SUCCESSFULLY MAKING IT. sorry for going on and on.
