Contrary to what most believe, you can have your cake and eat it, too!
I've bemoaned for years the sad statistics showing that PHC contractors are woefully underpaid, earning on average around $45,000 a year based on industry statistics. But you know the old adage about averages - one foot in a bucket of ice, the other in boiling water, and on average you feel quite comfortable. I know hundreds of contractors who make upwards of $100,000 a year - especially those who have "taken the medicine" and started operating like businessmen rather than plumbers.
This means that for every one of them earning $100,000, two contractors must earn merely $17,500 in a year to blend into that $45,000 a year average. Or, if only one out of 10 contractors earns $100,000 in a year, the other nine would average $38,889 in income. Considering that some bring in upwards of $200,000 a year or more, it means our industry teems with contractors who barely earn enough to make ends meet.