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Originally Posted by KevinP73
A little of both really. A one man shop really isn't economically viable any longer with costs rising so rapidly and I'm don't have the drive and stamina that I had 20 years ago. I've decided it's time to slow down and work smarter rather than harder.
As a side income I've been producing a line of kayak/canoe accessories and selling on Amazon. Closing the shop will allow me to focus my efforts there.
I didn't sell the business per se but I am selling off tools and equipment. Anybody want to buy a 6000lb two post lift.........cheap!
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Do you mind me asking your age ? Im 47, and also have a one man shop. I still like it , but seems it is getting harder and harder to make a buck these days. EVERYTHING costs more, lots more, insurance, tools, software . phones, electric, bla bla bla. Everything is also harder , and way more complex .
I still have no idea what I will do when I can no longer spin the wrenches daily, but I am pretty confident that I have at least 10 years left in me now . That gets me closer to then finish line .
Probably like you, after a lifetime of self employment, I cannot even fathom punching some one else's time clock ever again, and do not really have any plans for what to do after I hang it all up .
Best of luck to you , I know it will be both a sad, and happy day when I close my shops door for the last time .