Michael Mogill
๐ค SpeakerAppearances Over Time
Podcast Appearances
Sure.
Yeah.
I mean, as far as something like that, I would say that you really have to consider the amount of time you're going to put in relative to what that return will be.
I mean, if the goal is to be able to pull it, you know, at $75,000 or $100,000 a year, I mean, just realize that
You're going to be trading a 40 hour a week job for 100 hour a week job.
And it's I mean, that's been pretty consistent with pretty much every entrepreneur that I've spoken with.
So as far as like that return per hour, I wouldn't say it's as high, but really is if you can build it to a point where you've got a team and a process and a system.
So, for example, you know, we're doing 80 to 100 projects a month.
I'm not involved with any of them.
We're not involved.
I mean, there's probably 30 or 40 steps with each one.
We have our project managers that handle that.
We have a director of operations.
And it's the same thing with our marketing and sales process.
If you can get it to that point, then absolutely.
I think there's much, much higher return on investment.
So I don't know if that exactly answers your question, but I would say that you can get the business to a point where you're making money relatively quickly.
I mean, we were profitable really in our first year and every year since then.
But as far as hitting a certain baseline, I mean, I think when people are saying, you know, 100,000 or whatever amount they want to take home, it's pretty ambiguous.
It just comes down to what basic needs you have.