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Forum » Being tradie business owner is so underrated
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Thread: Being tradie business owner is so underrated

post 1556423451 07-16-2018, 01:19 PM
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Being tradie business owner is so underrated

tradie business owners I have been hanging around with are netting $12,000 to $24,000 a month

It’s time to step away from the laptop cubicle.

Owning a tradie business is where it’s at. Especially when most of society is turning I to yoga Tech workers.

You heard it here first.
post 1556423651 07-16-2018, 01:21 PM
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Originally Posted By chickenbroc****⏩
tradie business owners I have been hanging around with are netting $12,000 to $24,000 a month

It’s time to step away from the laptop cubicle.

Owning a tradie business is where it’s at. Especially when most of society is turning I to yoga Tech workers.

You heard it here first.
Absolutely right, just let me know where I can grab around 5mil reserve for cash flow on labor and material monthly.
445/340/545
post 1556423661 07-16-2018, 01:21 PM
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you're not wrong srs
post 1556424021 07-16-2018, 01:24 PM
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Originally Posted By jeshelton⏩
Absolutely right, just let me know where I can grab around 5mil reserve for cash flow on labor and material monthly.
https://www.bankofamerica.com/smallb...ess-financing/
post 1556424251 07-16-2018, 01:26 PM
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You just figure this out OP?

But know that liability is a big deal here, especially with insurance. Make sure you know what you're doing.
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post 1556424301 07-16-2018, 01:27 PM
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Thanx brah.

Bank of America
Keep your business rolling

Loan amount

From $10,000

Loan term
48 to 72 months

Just let me know where I can snag the remaining $4,990,000.
445/340/545
post 1556424411 07-16-2018, 01:28 PM
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Originally Posted By jeshelton⏩
Absolutely right, just let me know where I can grab around 5mil reserve for cash flow on labor and material monthly.
^He's right. Especially in commercial where customers payment terms at like net 90. Cash flow becomes a real pain in the ass. When business is good though there is a ton of money to be made.
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post 1556424441 07-16-2018, 01:28 PM
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Of course! Its so easy! Everyone can do it!
post 1556424511 07-16-2018, 01:29 PM
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You don't need $5 mill to get this started. Start with one guy and build from there. Its going to take years and lots of sacrifice but worth it in the end.
post 1556424551 07-16-2018, 01:29 PM
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Guy down the house from my dad's house has a tree cutting bidness. He says that he's pretty loaded just for cutting trees, lol. Its funny because most tradies don't even know how to trim trees correctly.
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post 1556424591 07-16-2018, 01:29 PM
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Originally Posted By jeshelton⏩
Absolutely right, just let me know where I can grab around 5mil reserve for cash flow on labor and material monthly.
Truth. But if you have the cash to get rolling, soooo much money to be made. But you have an excellent point, chit IS NOT cheap to get off the ground
post 1556424711 07-16-2018, 01:30 PM
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Originally Posted By jeshelton⏩
Thanx brah.

Bank of America
Keep your business rolling

Loan amount

From $10,000

Loan term
48 to 72 months

Just let me know where I can snag the remaining $4,990,000.
https://www.blackstone.com/
post 1556426061 07-16-2018, 01:47 PM
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Need some serious start up cash unless you start up from like 1-2 employees and go from there.
There is some serious cash to be made though once you get the ball rolling. Its overlooked big time because people dont like to work outside or do any type of manual labor.
post 1556426101 07-16-2018, 01:47 PM
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Originally Posted By sg1976⏩
^He's right. Especially in commercial where customers payment terms at like net 90. Cash flow becomes a real pain in the ass. When business is good though there is a ton of money to be made.
Once these guys are up and running they want to expand, and they already have the equipment. Then they run into new problems with logistics since they are based somewhere else. So I’m talking to a guy about being a partner in a new geographical location. So getting off the ground isn’t as hard.
post 1556426251 07-16-2018, 01:48 PM
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then there is a downturn and you're phucked because you're a tradie and invest everything you've got into your projects. There's no such thing as money for nothing. Unless it's from family.
post 1556426531 07-16-2018, 01:52 PM
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My wife started her own consulting business 1.5 years ago. We haven't had her $50,000 salary, benefits, health insurance, etc, during that time. She left with people immediately wanting to work with her, certifications with the state as a woman owned business, contracts lined up. It has STILL taken 1.5 years for the cash flow to become positive. We probably went through $20,000-$30,000 in savings to get started.

Point being...that is not something your average tradie can withstand while getting a business started. Its tough.
post 1556426811 07-16-2018, 01:56 PM
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Originally Posted By chickenbroc****⏩
tradie business owners I have been hanging around with are netting $12,000 to $24,000 a month

It’s time to step away from the laptop cubicle.

Owning a tradie business is where it’s at. Especially when most of society is turning I to yoga Tech workers.

You heard it here first.
op, that sounds a lot like the fantastical stories the instructors tell their students in real estate/trade schools to hype them up for the class when in reality they'll be making 1/4th to 1/8th of that at best. If it truly was the norm to make $12k-$24k/month everyone would be going into the trades not Engineering and Med school.
post 1556426821 07-16-2018, 01:56 PM
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Originally Posted By Retoaded⏩
My wife started her own consulting business 1.5 years ago. We haven't had her $50,000 salary, benefits, health insurance, etc, during that time. She left with people immediately wanting to work with her, certifications with the state as a woman owned business, contracts lined up. It has STILL taken 1.5 years for the cash flow to become positive. We probably went through $20,000-$30,000 in savings to get started.

Point being...that is not something your average tradie can withstand while getting a business started. Its tough.
How dare you smash their dreams with your reality
post 1556426971 07-16-2018, 01:58 PM
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Originally Posted By Maestro⏩
op, that sounds a lot like the fantastical stories the instructors tell their students in real estate/trade schools to hype them up for the class when in reality they'll be making 1/4th to 1/8th of that at best. If it truly was the norm to make $12k-$24k/month everyone would be going into the trades not Engineering and Med school.
OP is talking about owning a subcontracting company.

And his number are extremely underrated in the right market.
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post 1556427121 07-16-2018, 01:59 PM
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Cash flow isn't even a problem. When times get tough, but you still need a new boat, just skip out on paying your subcontractors and insurance man, hire some workers under the table to finish off your jobs and decline any of the warranty work.

Net yourself $12K to $24K per month, easy as fuk.
post 1556427311 07-16-2018, 02:02 PM
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Originally Posted By Maestro⏩
op, that sounds a lot like the fantastical stories the instructors tell their students in real estate/trade schools to hype them up for the class when in reality they'll be making 1/4th to 1/8th of that at best. If it truly was the norm to make $12k-$24k/month everyone would be going into the trades not Engineering and Med school.
Of course I didn’t believe him until he showed me the P&L and tax return. That is where I got the numbers from.
post 1556427461 07-16-2018, 02:04 PM
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Originally Posted By Retoaded⏩
My wife started her own consulting business 1.5 years ago. We haven't had her $50,000 salary, benefits, health insurance, etc, during that time. She left with people immediately wanting to work with her, certifications with the state as a woman owned business, contracts lined up. It has STILL taken 1.5 years for the cash flow to become positive. We probably went through $20,000-$30,000 in savings to get started.

Point being...that is not something your average tradie can withstand while getting a business started. Its tough.
$30,000 to start out would be really good. Especially when you compare the loan size it takes to get a college degree. No doubt it’s scary but just gotta get over it. Or just be a cubicle cuck.
post 1556428091 07-16-2018, 02:11 PM
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Originally Posted By chickenbroc****⏩
$30,000 to start out would be really good. Especially when you compare the loan size it takes to get a college degree. No doubt it’s scary but just gotta get over it. Or just be a cubicle cuck.
when did you start your business?
post 1556428241 07-16-2018, 02:12 PM
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No benefits, pension, etc...
post 1556428561 07-16-2018, 02:16 PM
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Originally Posted By Retoaded⏩
when did you start your business?
It’s not my business yet, but the two owners started 2 years ago. They have pumped a lot of money into it. And yes there is a lot of borrowed money involved.

I currently work on a commission/contract basis in retail sales.
post 1556428731 07-16-2018, 02:17 PM
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especially in areas where people are doing tons of rehabs
Pilot
post 1556428911 07-16-2018, 02:19 PM
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Originally Posted By chickenbroc****⏩
$30,000 to start out would be really good. Especially when you compare the loan size it takes to get a college degree. No doubt it’s scary but just gotta get over it. Or just be a cubicle cuck.
fkin lol 30k to start what? Even two seasoned employees would likely pull you close to -$10,000 a month alone after wages, insurance, fringes, and taxes. If you plan on working for free that's great, but this is one of the major reasons so many small businesses fail without a large capitol endowment when they start.
445/340/545
post 1556428921 07-16-2018, 02:19 PM
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Originally Posted By hughgainz⏩
No benefits, pension, etc...
10-12 hours a day, plus weekends. Tons of time driving around in the truck, fast food every day, chitting in porta potties. Your customers don't trust you because most tradies have no idea how to do things the right way.

Takes a special person to make it work. Much respect to the few that can.
post 1556429161 07-16-2018, 02:22 PM
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Post deleted by user
post 1556429211 07-16-2018, 02:23 PM
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I'm not saying that it's a not a great thing to try or do. I'm just warning against using this one example of very well off owners of trade companies to guide your life choices.
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