IMO success involves having children that know your name. Most contractors that make 6 figures work very long hours & don't have much time for their family. However success also involves making enough to keep your family in a house and good medical care.
Success, in general means being able to live yor life the way you choose. That may be working extended hours, or it might be doing volunteer work. Being able to do "whatever makes you happy", seems to define success to me. Even if that's not necessarily "financial" success.
"IMO success involves having children that know your name. Most contractors that make 6 figures work very long hours & don't have much time for their family. However success also involves making enough to keep your family in a house and good medical care.
"Work as close to "normal" hours as possible, have weekends with family, and make decent money."
I agree with all the above, plus time out for fishing!
Success- 1. The achievement of something desired, planned, or attempted: attributed their success in business to hard work. 2. The gaining of fame or prosperity: an artist spoiled by success. The extent of such gain. 3. One that is successful: The plan was a success. 4. Obsolete. A result or an outcome.
Success as contractor and businessman is totally different than success as a man (or woman), person, father, etc. I think the question needs to be rephrased:
"what is the desired outcome?"
Business - make as money as possible. Personal take home of $125,000-$150,000 would be nice, and any more would be welcome. The key is to keep the achiving of that goal from sacraficing the other desired outcomes in other areas of life. For me the other areas include:
Have a positive influence in my employees lives.
Treat people the way I would expect/want to be treated.
Having time to know, influence, and love my family.
Keep heathy enough to enjoy these things.
But most importantly, live in such a way as to hear "Well done my good and faithful servant"
Over the years, I have found that most of the "standard" measures of success mean pretty little. Money- well, once your bills are paid, and you have food in your belly, more money doesn't add much happiness. Material things- while one car will revolutionize your life, a garage-full of Bentleys only serve to annoy you. And, as long as that car gets me where I'm going, I'm not really concerned with what the other guy is driving. I am proud to say my bedroom looks just like "The Donald's" when the lights are out! Status- since when have I ever cared much what folks think of me? Folks who seem to make a big thing out of how "respectable" or "successful" they are usually turn out to be either shallow, or crooks...
I enjoy this trade because I see a job through from dirt lot to opening day. When I say things are ready....fully confident that when the switch is flipped, the lights will work.....I feel I've really accomplished something.
I was recently told that a neighbor was saying what a kind, decent person I was. Hearing that made me feel pretty good. My customers also seem fond of me, and that is a "success." (Especially when this fondness is expressed by the customer insisting that the general contractor use me!)
In more "business" related terms, I fell a job is a "success" if it is completed in the time I anticipated, at the cost I estimated, and as I had originally imagined. I also measure "success" by how well the completed job serves the customer; if I am hired to add another receptacle, because I put the original one in a poor place- that is a failure to me. Ditto if my lighting solution doesn't work out as I had hoped.
One of my customers- a government agency- is sometimes forced to hire a different firm. That they keep coming back to me is also a "success."
My biggest success, however, is the loyalty and love that my household has given me. To come home, and sleep peacefully, surrounded by those you love is a real success.