So my main company is 5.5 years old. It has always grown pretty dramatically, but to keep up we always had to reinvest a lot. This year we are on track to grow only 3%. Its a major blow to my motivation. Last year we grew 73% but about half of that was because of covid.We will do around $673,620 this year. Our net last year was 27%. Im expecting a little less this year. Next year is a toss up. I need to promote 2 team members into management. Thats gonna be $100,000 in non productivity labor. Then with rising wages, im gonna have to drop another $50,000 to keep my team well paid. By my math, thats almost all of what my wife and I make. Another blow. But we will be spending a lot less on equipment next year because we didn't grow.I know we can raise prices. But we are the leader in our city, and any competition that matters is already undercutting us. ($135 for 30 real estate listing photos-- main service.)I've got 40k in my operating account. Ive got 40k in the market. And I've got another 20ish in IRA index funds. Almost all of that was from the last year. The company will probably bleed out that first 40k this year during the slow season. I own a $350k house. Thats it.I've built the company to where I am free. This happened about a year ago. My wife still works 8am to 10pm just about every day. Mostly light duty. (This is why I need managers)I did just drop 45k this year on starting a second company. Its an hvac business thats 4 months old. Its done 30k so far. I own 51% but am not required to work. (I do for fun and to support the company)I'm just looking at all that we have done and wondering if it was worth it. We put in, tons and tons of time into this company. My wife still is. I want to get her out. For years we have been sprinting to the light at the end of the tunnel. We keep having to push it back for her. And now I'm looking at all these wage increases and I'm feeling terrible that I may have to tell her to wait another year.We are 34 years oldHow am I doing? Lay it on me. Good or bad. Happy to answer any questions. see hubwealthy.com/wealthy
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