by MarkJ » Fri 29 Oct 2010, 07:37:24
When I worked for the man when I was younger, I never worried about getting laid off since I had numerous high demand skills, multiple side businesses and income streams from real estate investments, plus substantial savings and very little debt. I looked forward to getting laid off so I could go hunting, fishing, skiing, boating, snowmobiling, camping, cruising etc. Unfortunately, I rarely got to do many of these things since I was so busy. I had 10 year old toys with less than 100 hours of service since I didn't have time to use them.
When I was laid off from a job at a plumbing and heating company, I ended up taking a few hundred of their customers in the first few months alone, in addition to already being swamped with side jobs, buying/renovating apartment structures, flipping houses, building spec homes, developing land and working part-time for family businesses.
Since I had multiple skills and businesses, I'd often perform several different services for a single residential, or commercial customer.
Since I owned most of my properties, equipment, vehicles and tools free and clear, I could also give my customers better prices for better quality products and services, which helped me to win the majority of competitive bid work. I my line of work, the value of salvaged fuel, materials, equipment, metals, parts and hardware is excellent as well.
My customer base has always had a demand for apartments, acreage, farmland, building lots, heating fuels, timber, topsoil, sand, firewood, residential/commercial construction/renovation/expansion, plumbing, heating, electrical, cooling and refrigeration, automotive/marine/equipment service, crane service, snow removal, used vehicles, used equipment, salvaged materials, salvaged metals, salvaged fuel etc. When demand is slow in one area, it's hot in several others.
It's funny, but much of my work I've done for profit like automotive service, automotive A/C, marine service, snowmobile service, automotive sales, marine sales, motorized toy sales, computer service, physical training, fishing charters, guide services etc started as hobbies, but I ended up with hundreds of customers from word of mouth alone.
Since many of our family members are medical professionals, they also have more job opportunities than they can handle.