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Thread: trying to help out other tradespeople

  1. #16
    Join Date
    Feb 2003
    Location
    Lafayette, IN
    Posts
    4,566
    Many fail to begin to understand the concept of opportunity cost. Being too diverse in your skills may mean that you lose out on higher-paying niche market work.
    Jason

    "Don't get stuck on stupid." --Lt. Gen. Russel Honore


  2. #17
    I was also thinking he could be trying to stretch his work.

    I know i fall into that pickle from time to time. Even so most of the time even in these situations subbing out certain parts of projects still makes sense.

  3. #18
    Join Date
    Apr 2007
    Location
    New Jersey
    Posts
    1,350
    Blog Entries
    1
    When I was 19 years old I bought an auto repair shop. At that point I knew NOTHING. I started doing engine overhauls thinking there was big profit in them, I was wrong. Not only did they take too long but the probability for comebacks was high. I learned fairly quickly the key to success was smaller jobs, like brakes, oil changes, tune ups, etc. You are right to advise him & hopefully he will listen to you. I am now 73 and I know slightly more than NOTHING.
    Dennis

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