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Being tradie business owner is so underrated
07-16-2018, 03:45 PM
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#61
Originally Posted By chickenbroc****⏩
LOL Put that on your business card!I don’t consider myself a tradie, either do any of the tradie business owners that I am friends with. Mechanically inclined would be a better descriptor.
Workers mostly consist of highschool dropouts with a good work ethic.
Workers mostly consist of highschool dropouts with a good work ethic.
"Mechanically inclined highschool dropout plumbing company. Smoking in your garage since 2018."
07-16-2018, 03:53 PM
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#62
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^^^ lmao bbsitum
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07-16-2018, 03:56 PM
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#63
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Originally Posted By Seatard⏩
You seem really bitter, sorry for whatever is bothering you. I’m just being real.LOL Put that on your business card!
"Mechanically inclined highschool dropout plumbing company. Smoking in your garage since 2018."
"Mechanically inclined highschool dropout plumbing company. Smoking in your garage since 2018."
And we all have a good time too when I hang out with the company - tradies and business owners hangout sometimes.
Sorry, it sounds like you’re not having enough fun.
And the company I’m talking about has been around since 2016.
07-16-2018, 04:03 PM
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#64
Originally Posted By chickenbroc****⏩
you really haven't a clue. you are also unwilling to learn.You seem really bitter, sorry for whatever is bothering you. I’m just being real.
And we all have a good time too when I hang out with the company - tradies and business owners hangout sometimes.
Sorry, it sounds like you’re not having enough fun.
And the company I’m talking about has been around since 2016.
And we all have a good time too when I hang out with the company - tradies and business owners hangout sometimes.
Sorry, it sounds like you’re not having enough fun.
And the company I’m talking about has been around since 2016.
somethings tells me you should probably stick to whatever you already know lol
07-16-2018, 04:04 PM
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#65
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Way ahead of you boyo. BRB base salary well over 100k. BRB requires very little time if you hire the right people. BRB Large Bonuses every year. BRB time to own and run multiple businesses. BRB expense all the things. BRB nicest cars on the street. BRB save money on home upgrades because of all the other tradie owners you know.
Srs Response.
Yes its definitely a pretty nice set up. We're the first ones of the peasants to know when the economy is about to take a dump because the really wealthy people stop investing in new construction projects as often. We are also the first to reap the benefits of a booming economy for the same reason. After a few years its very easy to project costs and profits as most contracts are picked up months before we start. We also don't have to deal with piddly 2-5% profits like many other business types see. Currently sitting on P/O margins of 38%. Overhead is about 10% of that so 25-28% profit on every job. We are projected to do even more this year.
Downsides include dealing with a bunch of grown men who literally act like whiny women half the time, schedules usually aren't adhered to at all so keeping up our internal schedule is a PITA, The ever looming threat of OSHA, unemployment insurance and how easy it is for employees to take advantage of it even when they quit.
Srs Response.
Yes its definitely a pretty nice set up. We're the first ones of the peasants to know when the economy is about to take a dump because the really wealthy people stop investing in new construction projects as often. We are also the first to reap the benefits of a booming economy for the same reason. After a few years its very easy to project costs and profits as most contracts are picked up months before we start. We also don't have to deal with piddly 2-5% profits like many other business types see. Currently sitting on P/O margins of 38%. Overhead is about 10% of that so 25-28% profit on every job. We are projected to do even more this year.
Downsides include dealing with a bunch of grown men who literally act like whiny women half the time, schedules usually aren't adhered to at all so keeping up our internal schedule is a PITA, The ever looming threat of OSHA, unemployment insurance and how easy it is for employees to take advantage of it even when they quit.
*Updated* If you can't hit a 320 yard drive, are you even a man?
07-16-2018, 04:14 PM
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#66
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Originally Posted By Holyfenix⏩
what about disability insurance/workers comp? don't a lot of folks get injured?Way ahead of you boyo. BRB base salary well over 100k. BRB requires very little time if you hire the right people. BRB Large Bonuses every year. BRB time to own and run multiple businesses. BRB expense all the things. BRB nicest cars on the street. BRB save money on home upgrades because of all the other tradie owners you know.
Srs Response.
Yes its definitely a pretty nice set up. We're the first ones of the peasants to know when the economy is about to take a dump because the really wealthy people stop investing in new construction projects as often. We are also the first to reap the benefits of a booming economy for the same reason. After a few years its very easy to project costs and profits as most contracts are picked up months before we start. We also don't have to deal with piddly 2-5% profits like many other business types see. Currently sitting on P/O margins of 38%. Overhead is about 10% of that so 25-28% profit on every job. We are projected to do even more this year.
Downsides include dealing with a bunch of grown men who literally act like whiny women half the time, schedules usually aren't adhered to at all so keeping up our internal schedule is a PITA, The ever looming threat of OSHA, unemployment insurance and how easy it is for employees to take advantage of it even when they quit.
Srs Response.
Yes its definitely a pretty nice set up. We're the first ones of the peasants to know when the economy is about to take a dump because the really wealthy people stop investing in new construction projects as often. We are also the first to reap the benefits of a booming economy for the same reason. After a few years its very easy to project costs and profits as most contracts are picked up months before we start. We also don't have to deal with piddly 2-5% profits like many other business types see. Currently sitting on P/O margins of 38%. Overhead is about 10% of that so 25-28% profit on every job. We are projected to do even more this year.
Downsides include dealing with a bunch of grown men who literally act like whiny women half the time, schedules usually aren't adhered to at all so keeping up our internal schedule is a PITA, The ever looming threat of OSHA, unemployment insurance and how easy it is for employees to take advantage of it even when they quit.
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07-16-2018, 04:15 PM
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#67
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Originally Posted By GonHx⏩
You are definitely not the first person to tell me that. I’ve just realized that not everyone is going to like me, or my attitude. If people bag on me, like you are, that’s just what I tell them. And those who like me bring so much value to my life, that I don’t care about naysayers.you really haven't a clue. you are also unwilling to learn.lol
People buy me dinners, take me out places, because they value me. Why? I don’t know.
But all that I believe in is the results speak for themselves.
07-16-2018, 04:24 PM
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#68
Originally Posted By chickenbroc****⏩
clearly, you haven't had much results, based off of your thread which I assume you are seriously considering.You are definitely not the first person to tell me that. I’ve just realized that not everyone is going to like me, or my attitude. If people bag on me, like you are, that’s just what I tell them. And those who like me bring so much value to my life, that I don’t care about naysayers.
People buy me dinners, take me out places, because they value me. Why? I don’t know.
But all that I believe in is the results speak for themselves.
People buy me dinners, take me out places, because they value me. Why? I don’t know.
But all that I believe in is the results speak for themselves.
You honestly don't know anything about this topic, except the sugar-coated stories your trade business owners friends have told you. I too, have lead friends down the same thoughts as you in trying to mimic another's successful business.
One friend is actually copying my business ideas from the "stories" I've told him. My friend along with you, will learn the hard way, that MOST businesses will have ups and downs especially with new and inexperienced business owners. You MUST be good to shine amongst solid competitors. To be good, you MUST be willing to learn and put it the work.
You thinking its so simple and easy shows your ignorance about business, you've really only heard stories that your friends WANT to tell you.
07-16-2018, 04:29 PM
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#69
07-16-2018, 04:35 PM
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#70
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Originally Posted By GonHx⏩
I already told my boss about my plans to leave my current gig and they countered offered high enough to make me stay. So I’m doing more than fine in my current role.clearly, you haven't had much results, based off of your thread which I assume you are seriously considering.
You honestly don't know anything about this topic, except the sugar-coated stories your trade business owners friends have told you. I too, have lead friends down the same thoughts as you in trying to mimic another's successful business.
One friend is actually copying my business ideas from the "stories" I've told him. My friend along with you, will learn the hard way, that MOST businesses will have ups and downs especially with new and inexperienced business owners. You MUST be good to shine amongst solid competitors. To be good, you MUST be willing to learn and put it the work.
You thinking its so simple and easy shows your ignorance about business, you've really only heard stories that your friends WANT to tell you.
You honestly don't know anything about this topic, except the sugar-coated stories your trade business owners friends have told you. I too, have lead friends down the same thoughts as you in trying to mimic another's successful business.
One friend is actually copying my business ideas from the "stories" I've told him. My friend along with you, will learn the hard way, that MOST businesses will have ups and downs especially with new and inexperienced business owners. You MUST be good to shine amongst solid competitors. To be good, you MUST be willing to learn and put it the work.
You thinking its so simple and easy shows your ignorance about business, you've really only heard stories that your friends WANT to tell you.
If you think selling real estate and mortgages, which I have been doing for the last 3 years full time is easy street, then like I said I don’t care about your opinion. People test me all the time, it’s routine.
Making sales and deals isn’t new to me. Losing deals to other competitors also isn’t anything to me. It’s just going to happen in the real world.
07-16-2018, 04:38 PM
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#71
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Originally Posted By Seatard⏩
You wouldn’t know about that life. Like I said you aren’t having enough fun. Sorry man.I didn't realize you were female.
Sounds like you’re mad because you’re getting cucked by your ethic female liberal boss. I hope you find a better situation.
07-16-2018, 04:39 PM
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#72
07-16-2018, 04:40 PM
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#73
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I know some local guys with 2-3 trucks doing some car hauling (5-6 at a time) & make bank.
Bills crew / Bud Light crew / extra onion crew / M&P crew / lcp2 crew / ap3 crew / Trump crew / mcdonalds app crew / cat-owner crew / Tin Cup crew / self-checkout crew / country music crew / RIP snails crew / 214CE crew
07-16-2018, 04:40 PM
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#74
Originally Posted By chickenbroc****⏩
you know nothing about trades.I already told my boss about my plans to leave my current gig and they countered offered high enough to make me stay. So I’m doing more than fine in my current role.
If you think selling real estate and mortgages, which I have been doing for the last 3 years full time is easy street, then like I said I don’t care about your opinion. People test me all the time, it’s routine.
Making sales and deals isn’t new to me. Losing deals to other competitors also isn’t anything to me. It’s just going to happen in the real world.
If you think selling real estate and mortgages, which I have been doing for the last 3 years full time is easy street, then like I said I don’t care about your opinion. People test me all the time, it’s routine.
Making sales and deals isn’t new to me. Losing deals to other competitors also isn’t anything to me. It’s just going to happen in the real world.
you've never started a business.
Just please don't speak like you have a damn clue about either.
That is all.
07-16-2018, 04:46 PM
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#75
Originally Posted By chickenbroc****⏩
LOLYou wouldn’t know about that life. Like I said you aren’t having enough fun. Sorry man.
Sounds like you’re mad because you’re getting cucked by your ethic female liberal boss. I hope you find a better situation.
Sounds like you’re mad because you’re getting cucked by your ethic female liberal boss. I hope you find a better situation.
Sounding like a complete retard isn't helping to convince anyone that you aren't living in fantasy land.
Like I said in my first post, I have a ton of respect for those who can make it by starting their own business. It's definitely possible to do very well. I just haven't met anyone successful who comes across as you have here.
07-16-2018, 04:59 PM
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#76
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Originally Posted By Seatard⏩
I think you’re just bitter and cucked to some degree in your life. So you’re having a go at me.LOL
Sounding like a complete retard isn't helping to convince anyone that you aren't living in fantasy land.
Like I said in my first post, I have a ton of respect for those who can make it by starting their own business. It's definitely possible to do very well. I just haven't met anyone successful who comes across as you have here.
Sounding like a complete retard isn't helping to convince anyone that you aren't living in fantasy land.
Like I said in my first post, I have a ton of respect for those who can make it by starting their own business. It's definitely possible to do very well. I just haven't met anyone successful who comes across as you have here.
I already said the realities early in this thread and you’re missing them. I already talked about the debt. I already said it’s scary.
And I already said I’m working off of what others have built to a degree. The websites are being made now to shift the marketing to where I am.
I am focused on the marketing and selling jobs. I never said I was a tradesman.
07-16-2018, 05:03 PM
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#77
Originally Posted By Holyfenix⏩
Curious as to what trade this is with overhead at 10% and 25-28% profit margin. I am part owner of my business and my wife owns a business...I don't see how you can have employees with benefits, healthcare, your insurance, mileage, vacation, etc at 10%. Sounds doubtful.Way ahead of you boyo. BRB base salary well over 100k. BRB requires very little time if you hire the right people. BRB Large Bonuses every year. BRB time to own and run multiple businesses. BRB expense all the things. BRB nicest cars on the street. BRB save money on home upgrades because of all the other tradie owners you know.
Srs Response.
Yes its definitely a pretty nice set up. We're the first ones of the peasants to know when the economy is about to take a dump because the really wealthy people stop investing in new construction projects as often. We are also the first to reap the benefits of a booming economy for the same reason. After a few years its very easy to project costs and profits as most contracts are picked up months before we start. We also don't have to deal with piddly 2-5% profits like many other business types see. Currently sitting on P/O margins of 38%. Overhead is about 10% of that so 25-28% profit on every job. We are projected to do even more this year.
Downsides include dealing with a bunch of grown men who literally act like whiny women half the time, schedules usually aren't adhered to at all so keeping up our internal schedule is a PITA, The ever looming threat of OSHA, unemployment insurance and how easy it is for employees to take advantage of it even when they quit.
Srs Response.
Yes its definitely a pretty nice set up. We're the first ones of the peasants to know when the economy is about to take a dump because the really wealthy people stop investing in new construction projects as often. We are also the first to reap the benefits of a booming economy for the same reason. After a few years its very easy to project costs and profits as most contracts are picked up months before we start. We also don't have to deal with piddly 2-5% profits like many other business types see. Currently sitting on P/O margins of 38%. Overhead is about 10% of that so 25-28% profit on every job. We are projected to do even more this year.
Downsides include dealing with a bunch of grown men who literally act like whiny women half the time, schedules usually aren't adhered to at all so keeping up our internal schedule is a PITA, The ever looming threat of OSHA, unemployment insurance and how easy it is for employees to take advantage of it even when they quit.
07-16-2018, 05:06 PM
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#78
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Originally Posted By GonHx⏩
My friends were told the same thing when they started. I hope you can work out whatever is bothering you.you know nothing about trades.
you've never started a business.
Just please don't speak like you have a damn clue about either.
That is all.
you've never started a business.
Just please don't speak like you have a damn clue about either.
That is all.
07-16-2018, 05:10 PM
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#79
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Friend of mine is a tradie who owns a couple of businesses, makes bank, Baja boat, lakehouse, travels a lot, always banging some hot 22 year old srs. Looks 25 and is 34. Meanwhile desk jockey's getting that dad face, extra lbs, eye bags, and dark circles from their soul sucking office job staring at a computer screen all day.
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07-16-2018, 05:16 PM
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#80
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If you really get going youre set for life. I used to do sales for a local HVAC company and their profit margin was 50-60% depending on the sale after all expenses. He was making at minimum about 3k a day.
07-16-2018, 05:18 PM
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#81
Originally Posted By deadhead6391⏩
Dang a million a year selling air conditioners?If you really get going youre set for life. I used to do sales for a local HVAC company and their profit margin was 50-60% depending on the sale after all expenses. He was making at minimum about 3k a day.
07-16-2018, 05:23 PM
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#82
Originally Posted By chickenbroc****⏩
I think you answer the phone at some back alley mortgage company, got invited out for beers one night with the boys you work for, believed all the fantastic stories they fed you, and then thought it would be badass to inform the misc about "where it's at".I think you’re just bitter and cucked to some degree in your life.
07-16-2018, 05:28 PM
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#83
Originally Posted By chickenbroc****⏩
Who would do project estimations? Normally, the owner would be able too.My friends were told the same thing when they started. I hope you can work out whatever is bothering you.
You haven't a clue, so you need to hire one. You are you gonna pay 3k/month for a junk estimator, or 5k/month for a skilled one?
What about a foreman, who are you going to hire that you can trust enough to over-see all work done? You ready to start paying over 6k/month for one?
Also, you can't even answer a simple question of "what would you do to stand out amongst competitors?".
Guarantee your friends arent making as much money as they claim, and like I said before, you have a small piece of the whole story they are telling.
07-16-2018, 05:32 PM
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#84
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I know first hand experience on this.
The business I'm in is a family owned 'tradie' business. This thing with construction is that when it's good it's good, but when it's bad it's bad. Also, you need really high cash flow so you can pay your employees considering mine are paid every week and they're not low 10$ wages I'm talking $20-35hr per employee and we employee over 30 employees that's not including me, my bro and my sister (owner). We also have really high over head with Materials, and equipment. We own a few Forklifts, hydo mobile scaffolding and regular scaffolding.
Oh another thing, construction is a hard business to get into because of how buddy buddy people are, my dad had been doing it since the 60s so we had our name in our city forever, but if you're a newcomer you basically have a very slim chance to make bank like some of these general or even sub contractors.
We do about 7 million dollars worth of work and usually hit 20-35% profit, so you do the math. It might not be a pretty white collar business, but if you do well you live the really good life.
The business I'm in is a family owned 'tradie' business. This thing with construction is that when it's good it's good, but when it's bad it's bad. Also, you need really high cash flow so you can pay your employees considering mine are paid every week and they're not low 10$ wages I'm talking $20-35hr per employee and we employee over 30 employees that's not including me, my bro and my sister (owner). We also have really high over head with Materials, and equipment. We own a few Forklifts, hydo mobile scaffolding and regular scaffolding.
Oh another thing, construction is a hard business to get into because of how buddy buddy people are, my dad had been doing it since the 60s so we had our name in our city forever, but if you're a newcomer you basically have a very slim chance to make bank like some of these general or even sub contractors.
We do about 7 million dollars worth of work and usually hit 20-35% profit, so you do the math. It might not be a pretty white collar business, but if you do well you live the really good life.
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07-16-2018, 05:37 PM
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#85
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Originally Posted By Seatard⏩
I know that’s what you think.I think you answer the phone at some back alley mortgage company, got invited out for beers one night with the boys you work for, believed all the fantastic stories they fed you, and then thought it would be badass to inform the misc about "where it's at".
I am only talking about this after seeing a YTD P&L prepared by a CPA. I know the balance sheet is not going to look as rosy, because there is decent amount of debt. I have seen the Secretary of State filings, it’s a real business.
But the point of me getting involved is to strengthen the balance sheet. And why I care about that is because I will be brought on as an equity holder.
They have more equipment than they know what to do with and are good at what they do, so it makes sense for them to expand. Finding the right people to help them with that is the challenge.
07-16-2018, 05:42 PM
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#86
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Originally Posted By Retoaded⏩
Hes got 3 locations so yeah. Took him 8 years to get there but regardless hes fukking balling. I sold a 13000 dollar system once and made 1k in about 2 hrs and made him 6k off of the deal on top of it. Most of my systems were about 6 or 7k and id sell about 3 a week plus we had another manager also selling who took about twice as many appointments as me so he was selling at least 1 a day at that rate. Plus he had a service end which was also sales oriented. Very lucrative if you do it right.Dang a million a year selling air conditioners?
07-16-2018, 05:54 PM
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#87
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Originally Posted By peterplsss⏩
Those are called mexicans and good old Dotard is shipping them out by the hand fulls. good luck finding hard working replacmentsEvery single tradie that I know who started his own business/contracting company does very well for themselves with an excellent quality of life. You basically pretty much work labor free with minimal effort for 100k+ a year by hiring 1 medium smart tradie and a bunch of low IQ tradies that you can make do literally all of the work for you while paying them minimally and they will never complain or look for a better job.
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07-16-2018, 05:55 PM
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#88
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Originally Posted By deadhead6391⏩
sounds like theres absolutely 0 competition in your area for the markup to be that highHes got 3 locations so yeah. Took him 8 years to get there but regardless hes fukking balling. I sold a 13000 dollar system once and made 1k in about 2 hrs and made him 6k off of the deal on top of it. Most of my systems were about 6 or 7k and id sell about 3 a week plus we had another manager also selling who took about twice as many appointments as me so he was selling at least 1 a day at that rate. Plus he had a service end which was also sales oriented. Very lucrative if you do it right.
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07-16-2018, 06:04 PM
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#89
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Originally Posted By Ayz33⏩
There was a lot of competition but in general he was raping people over the coals. He had a really good sales process though which helped and a ton of guarantees with it that got people to sign. I had to memorize a 15 page script to work there which worked extremely well. He worked with this consultant who did the whole process for him so it was plug and play. I didnt know jack chit about HVAC and even with the pricing i still had a 78% closing ratio. He was shady as fukk though, extremely greedy and didnt care about his employees. I quit because they were taking advantage of me and they were just really underhanded and the manager was stealing my calls to snake my commissions. Robbed me of 10k in a month when it slowed down because he kept taking my calls as theyd come in.sounds like theres absolutely 0 competition in your area for the markup to be that high
07-16-2018, 06:14 PM
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#90
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Originally Posted By Azzurri⏩
lots of palms to grease right Bud.I know first hand experience on this.
The business I'm in is a family owned 'tradie' business. This thing with construction is that when it's good it's good, but when it's bad it's bad. Also, you need really high cash flow so you can pay your employees considering mine are paid every week and they're not low 10$ wages I'm talking $20-35hr per employee and we employee over 30 employees that's not including me, my bro and my sister (owner). We also have really high over head with Materials, and equipment. We own a few Forklifts, hydo mobile scaffolding and regular scaffolding.
Oh another thing, construction is a hard business to get into because of how buddy buddy people are, my dad had been doing it since the 60s so we had our name in our city forever, but if you're a newcomer you basically have a very slim chance to make bank like some of these general or even sub contractors.
We do about 7 million dollars worth of work and usually hit 20-35% profit, so you do the math. It might not be a pretty white collar business, but if you do well you live the really good life.
The business I'm in is a family owned 'tradie' business. This thing with construction is that when it's good it's good, but when it's bad it's bad. Also, you need really high cash flow so you can pay your employees considering mine are paid every week and they're not low 10$ wages I'm talking $20-35hr per employee and we employee over 30 employees that's not including me, my bro and my sister (owner). We also have really high over head with Materials, and equipment. We own a few Forklifts, hydo mobile scaffolding and regular scaffolding.
Oh another thing, construction is a hard business to get into because of how buddy buddy people are, my dad had been doing it since the 60s so we had our name in our city forever, but if you're a newcomer you basically have a very slim chance to make bank like some of these general or even sub contractors.
We do about 7 million dollars worth of work and usually hit 20-35% profit, so you do the math. It might not be a pretty white collar business, but if you do well you live the really good life.
part of the bidness i know
MR.PHF '09
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