At the risk of being pedantic, just noting I don’t think it’s really correct to consider that first person as earning $300/hr. For example I’d expect to need to account for the depreciation on the jet skis (or more straightforwardly, that one is in the hole on having bought them until a certain number of hours rented), and also presumably some accrual for risk of being sued in the case of an accident.
(I do think it’s useful to notice that the jet ski rental person is much higher variance, in both directions IMO—so this can be both good or bad. I do also appreciate you sharing your experience!)
At the risk of being pedantic, just noting I don’t think it’s really correct to consider that first person as earning $300/hr. For example I’d expect to need to account for the depreciation on the jet skis (or more straightforwardly, that one is in the hole on having bought them until a certain number of hours rented), and also presumably some accrual for risk of being sued in the case of an accident.
(I do think it’s useful to notice that the jet ski rental person is much higher variance, in both directions IMO—so this can be both good or bad. I do also appreciate you sharing your experience!)