A change...
Well. I wasn't sure, and I still am not. I think it's time for layoffs.
Jordan has never really been a money maker. This month he "only" cost me about $600 after what he earned. Some weeks he does well and then others...
I owe him back pay. I have about 6000 in A/R from customers who haven't paid yet.
To be honest I'm sick of this. I worked 40-60 hour weeks to make 14k last year in the hopes of "eventual money." I didn't mind making 18k/yr when it meant I could work 10-15 hour weeks, but when I'm working as hard as I am I deserve to make money.
Expanding cost a lot of investment and I haven't seen the gain. What really tipped me over the edge though is how I owe jordan back pay and I just can't seem to get paid what I need to pay him. It's almost as though the universe is saying to me "we don't want you to pay for him." So rather than ride this into bankruptsy I've decided to cut my losses.
I think I'll talk to him. Let him know that I didn't get paid everything I needed to be paid.. yet. Pay him one of his paychecks today (which I CAN do) and let him know I can't keep going the way things have been.
I'm probably going to offer him the option of starting his own consulting company and renting space from me for $600/mo flat. I doubt he'll take me up on it, but if he does that will make it so my costs for the office are around $600/mo myself. Devon is making me that much so I'll go ahead and keep him around that way and use the office for my own.
If I don't have to pay payroll I should be earning around $4000/mo right now. That means I should end up with a takehome after taxes and other costs of $2000-ish. That's if I don't get my stuff straight. I don't think I can expect myself to do the 30 billable hours per week every weeki, but I do think 20 billable hours avg is a fair amount. That should turn out to be around $1300/wk. So $5k/mo with about $2500 takehome after taxes and debts. Lets see. From 15k to 30k and less stress... hrm. Tough choice. and 8-10 months from now I should see that takehome increase to about $3500 from not having to pay debts back anymore. So 40k. That's a comfortable amount.
I'm not sure I'll do that much though. I'm used to making 20k, and 20k is enough for me to make it. I think I might work part time at OTS and focus on something else that I feel was inspired.
Especially since in those months I expect my network marketing companies will start turning a couple hundred per month each. So another 5k/yr in residual from those. A number which as I stay consistant will increase. I expect that in 4 years I should have 50k/yr in those companies alone. From consistant part time work selling products I believe in.
What would you do if you could make 50k/yr working part time?
I'm going to start a non-profit. I designed it a bit ago and while it still needs fleshing out I feel it was inspired. I have a love when I think about it. People speak of it as if it were something they would like to do, and those in the know seem sure that a LOT of grant money would be available. If you're interested in reading about it you can find it at http://www.otsreno.com/UFA.pdf
Hrm. That's another part of this. I will probably dissolve OTS. I haven't kept up with the paperwork on the corporations and while it could be done the biggest reason for the corporation was the lawsuit protection... which I've pretty much killed through neglect.
Wish me luck. This kind of stuff is always hard for me. Especially when Jordan started trying. It was just unfortunately too late...
Namaste,
Kalamadea
Jordan has never really been a money maker. This month he "only" cost me about $600 after what he earned. Some weeks he does well and then others...
I owe him back pay. I have about 6000 in A/R from customers who haven't paid yet.
To be honest I'm sick of this. I worked 40-60 hour weeks to make 14k last year in the hopes of "eventual money." I didn't mind making 18k/yr when it meant I could work 10-15 hour weeks, but when I'm working as hard as I am I deserve to make money.
Expanding cost a lot of investment and I haven't seen the gain. What really tipped me over the edge though is how I owe jordan back pay and I just can't seem to get paid what I need to pay him. It's almost as though the universe is saying to me "we don't want you to pay for him." So rather than ride this into bankruptsy I've decided to cut my losses.
I think I'll talk to him. Let him know that I didn't get paid everything I needed to be paid.. yet. Pay him one of his paychecks today (which I CAN do) and let him know I can't keep going the way things have been.
I'm probably going to offer him the option of starting his own consulting company and renting space from me for $600/mo flat. I doubt he'll take me up on it, but if he does that will make it so my costs for the office are around $600/mo myself. Devon is making me that much so I'll go ahead and keep him around that way and use the office for my own.
If I don't have to pay payroll I should be earning around $4000/mo right now. That means I should end up with a takehome after taxes and other costs of $2000-ish. That's if I don't get my stuff straight. I don't think I can expect myself to do the 30 billable hours per week every weeki, but I do think 20 billable hours avg is a fair amount. That should turn out to be around $1300/wk. So $5k/mo with about $2500 takehome after taxes and debts. Lets see. From 15k to 30k and less stress... hrm. Tough choice. and 8-10 months from now I should see that takehome increase to about $3500 from not having to pay debts back anymore. So 40k. That's a comfortable amount.
I'm not sure I'll do that much though. I'm used to making 20k, and 20k is enough for me to make it. I think I might work part time at OTS and focus on something else that I feel was inspired.
Especially since in those months I expect my network marketing companies will start turning a couple hundred per month each. So another 5k/yr in residual from those. A number which as I stay consistant will increase. I expect that in 4 years I should have 50k/yr in those companies alone. From consistant part time work selling products I believe in.
What would you do if you could make 50k/yr working part time?
I'm going to start a non-profit. I designed it a bit ago and while it still needs fleshing out I feel it was inspired. I have a love when I think about it. People speak of it as if it were something they would like to do, and those in the know seem sure that a LOT of grant money would be available. If you're interested in reading about it you can find it at http://www.otsreno.com/UFA.pdf
Hrm. That's another part of this. I will probably dissolve OTS. I haven't kept up with the paperwork on the corporations and while it could be done the biggest reason for the corporation was the lawsuit protection... which I've pretty much killed through neglect.
Wish me luck. This kind of stuff is always hard for me. Especially when Jordan started trying. It was just unfortunately too late...
Namaste,
Kalamadea