I have reached a point where I am making a healthy profit as a sole trader with enough work and also managing to save money. However I sometimes wonder what the next step should be for someone like me who does not want to employ anyone, it's just something I have never wanted to do, I just do not want the hassle of being responsible for someone else. But it leaves me wondering should I invest in my business in other ways but am left thinking it's really only worth investing in tools and machinery that would enable me to either earn more money during the normal season or else looking to diversify in something that may earn me money in winter. I've not sat down and looked at figures or anything, just sounding out ideas. I did think about buying a compact tractor and having a few implements to allow for hedgecutting, paddock mowing, maybe a back hoe. But then I could end up spending 5k minumum on something and then thats quite a lot of work to earn that back. Someone else said to me I should look at doing a tree surgery course but that doesn't appeal to me whatsoever, sod climbing trees with a chainsaw.
How have people on here gone about growing their business as a one man band?. Because at the end of the day if an investment just doesn't make good business sense then maybe it's worth just doing things without a sizeable financial outlay. I have made a few bits of furniture out of pallets, and sold some. Though also about making bespoke hen houses as another idea. At least with these types of side projects there's not much to lose other than some winter hours and a bit of money on timber, etc.
I suppose this time of year has one reflecting on the summer and thoughts ahead of autumn and winter. Also it's as much about maybe adding a skill and a side interest to the job.
Thoughts would be appreciated.