Thread: Ego-Scaper
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  #39  
Old 09-30-2012, 11:29 AM
muddywater muddywater is offline
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Join Date: Sep 2011
Posts: 1,813
Quote:
Originally Posted by lukemelo216 View Post
Not true. I dont know what your company back ground/service mix is but wer are about 70% commercial installation work, meaning we work for a general contractor, but on those jobs you dont usually collect your money until 4-6 months after completing the job. I can tell you right now we are jsut getting checks in for jobs we did in the beginning of the year, and the jobs we are doing now we will see over winter. Plus in all of the commercial stuff, we have retention that is held, sometimes for 1 year even up to 2 years. So you cant just cut a check for 40k at the drop of the hat to get equipment when you have payroll, vendors, etc that all want a piece of the pie when you get a check in.
Just doesn't seem very profitable if you never have any money in the bank. Even if you don't get paid on commercial jobs for a while, eventually you build your operating capital.

I don't gross as much as you, and I bought 90k worth of equipment and trucks this year with cash.
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