It's not hostility,it's frustration.Lots of good advice here but seems like your stuck in an endless rut! You ask questions but don't seem to like the answers.I suggested that you educate yourself regarding business basics.Do you think that would be more advantageous than spending all day defending your flawed business beliefs? Many of your statements and comments lead us to conclusion that you're floundering and ready to sink.Peace out
I understand. buy better equipment. only accept the good accounts. at my current level. that simply just is not feasible. yes i am drowning at the moment. but if we have a decent year this summer, i believe you will hear a different story next year. it doesnt happen ove rnight.
my total and exact expenses. no. but those expenses would have to be averaged over evry work i do all year long and would be insignificant to the couple hours i work for him. 9 dollars an hour is what gas came to. so perhaps im profiting more like 24 or 25 an hour on that job.
i know the 35 an hour isnt much. but its still 26 dollars profit. next year ill have a few more accounts and wont have time to work for him and ill be more profitable. for now it does add to my bottom line. even if its only a small amount.
but as for plowing being my hobby. i respectfully disagree. im making a decent profit with it. the net profits alone pay for my truck for the entire year. ill have cash to repair my mower and get a new trimmer as well as some needed work on my trailer allowing me to make more profit during the summer. Oasis is growing. that is more than a hobby
$26 profit? I'd rather sit at home to be honest. Everyone's
Gotta start somewhere but still way to little for me. I'd need ail lion storms at that profit to pay my bills per month
$26 profit? I'd rather sit at home to be honest. Everyone's
Gotta start somewhere but still way to little for me. I'd need ail lion storms at that profit to pay my bills per month
I understand. buy better equipment. only accept the good accounts. at my current level. that simply just is not feasible. yes i am drowning at the moment. but if we have a decent year this summer, i believe you will hear a different story next year. it doesnt happen ove rnight.
One thing in this business, you can't rely on the up coming year to make up for losses. Just words from the wise.
One thing in this business, you can't rely on the up coming year to make up for losses. Just words from the wise.
maybe i can explain a bit further. its not the company that is drowning, but rather my own finances. which means im not getting enough work, or enough margin for the work i do have.
that said.... i billed out almost 7k this month. once it comes in i believe everything will get better in that aspect.
Income comes out as expenses.Then you pay all your other bills ,then you'll be at a loss.
I havnt really logged my hours. there is enough to pay the bills, buy some new equipment. help with my personal bills and have enough cash left over to get me into the mowing season.
that number is based on the people that will pay. there are others that owe me that i know will be late, others i plan on taking to court once i have the cash to do so.
We bill between $3-4K per plowable event. Walks, calcium, and salt included. All of our plowing and walks are flat rate. Total storm revenue depends how much we sub with a other company after our route is done. We get $65 hr per truck for all 3 trucks from them.
Wait a minute, you only use $9 of fuel an hour? You plowing with a Prius? I just know there is no way I would be able to plow for what you are making, not carrying my insurance, maintenance and fuel. And I am just a sub so I don't have any of the overhead of billing, bidding, writing contracts or any of the other things that come along with snow removal business.
What I do know is that in my line of business, rental properties, I am setup that I can be down 40% of my properties and still making money. This cushion gives me room for any major repairs or any other unforeseen events. Another thing I learned is your best tenant can become your worst very quickly, so never count that money until you have it in your hand. You would probably cry if you knew how much I lose each year in uncollected rent. And taking them to court may make you feel good and you will most likely win but that doesn't mean you will ever see that money.
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