An honest look at family finances
5 Mar
We’ve been mulling over a business decision for the past few days. We got some good news this week… but of course, it came along with some bad news.
First the good news: We have an opportunity for some work! Yay! It’s even a steady position, however it’s not full time. The company that has hired us to provide their temps has a full time guy that they are no longer able to support. The work as slowed dramatically at his site and they are going to lay him off. They would like us to hire him and then send him over to the site as a temp. They believe he will be needed one day a week.
Yay! This is exactly the kind of thing we want to do. Obviously I wish it were for more hours a week, but whatever. We’ll take it. The work could certainly pick up and we would be in the perfect spot to take full advantage of it. Before the economy took a dive there were 4 or 5 full time techs on site. So there is potential for a lot of work down the road if we can get our foot in the door now.
The bad news: The job is in California. Which makes everything more complicated. And being our very first job I’m already treading in unknown waters. Moving the whole carnival 400 miles away kinda makes my stomach go in knots. But besides my self defeating fear lies some extra costs of doing business out of state. First off I need a whole other workman’s comp policy. Which I’ve priced at about $1,500 a year just for this one guy working one day a week. (Which means taking another $1,000 out of our emergency fund. OUCH!!) Plus, we may need to go to California at some point. (Hello Disneyland!) But I guess we could get around that for the time being. The workman’s comp policy is our main concern.
Best case scenario would be that this job turns into a full time position (or maybe two or three or even four!). Worst case scenario would be that the work is only a couple of hours a week and then fizzles out into nothing, or the guy we hire decides it’s not worth doing and quits. It could be hard to find someone else. Especially from a distance.
But we’ve decided to go for it. When we first got the opportunity, my husband and I both balked. But the more we thought about it and ran the numbers we decided that we can’t really pass it up. Ok, yeah… I don’t know anything about doing business in California. I don’t really know anything about doing business in Arizona either… but I’m trying it out anyways.
Just the other day I wrote a post about the importance of showing up. In that post I told a story about a guy who took advantage of an opportunity even though it was outside his experience and got rich doing it. When I write a post like that I hope it will help motivate someone who is at a cross roads. I hope someone out there will read it and it will give them the boost they need to go for it. I had no idea that person would be me.
pic by: fdecomite
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