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A comment on Ask HN: What are some hacks of real founders who did things that don't scale?. Parent comment

Re:Ask HN: What are some hacks of real founders who did thin... by clay_the_ripper on Wednesday November 07, 2018 @01:33PM (#18401098)
As a service business owner, it’s great to hear this perspective here. Service businesses might not be “the next google” but you can absolutely make 7 figures a year pretty handily if you know what you’re doing. who cares that it doesn’t scale infinitely, and you get to keep all the money unlike VC funded startup!
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Re:Ask HN: What are some hacks of real founders who did thin... by bitcoinmoney on Wednesday November 07, 2018 @02:12PM (#18401416)
7 figure profit or revenue?
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Re:Ask HN: What are some hacks of real founders who did thin... by max76 on Wednesday November 07, 2018 @03:06PM (#18401931)
7 figure personal income for the owners of a services company is not unheard of.

The owner might elect to keep money in the business account instead of transferring it to a personal one for tax reasons. If you are fully in control of the business there isn't much difference. For example you can buy a house with company money and lease it to yourself for $100/month. This would not register as profit for you or the business.

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Re:Ask HN: What are some hacks of real founders who did thin... by atwebb on Wednesday November 07, 2018 @03:20PM (#18402040)
That all sounds widely inaccurate from my experience. It's just pass-through income, it was even addressed in the recent tax overhaul. Additionally, a requirement for rentals (or check at least) is whether it's being rented at the current market rate.
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Re:Ask HN: What are some hacks of real founders who did thin... by PopeDotNinja on Wednesday November 07, 2018 @05:59PM (#18403095)
Depends on your margins & efficiency. I was charging $100/hr & paying $20-$30 (which wasn't a secret to anyone, clients or employees). But it was hard to save because I needed automation I didn't have, and paying for it was not tenable for internal reasons. Eventually I sold my stake for a modest amount and became a software engineer. I decided I wanted to have the option to automate.
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