Originally Posted by coolluv
Yeah your missing the fact that it will take you about 4 years of busting your @$$ by yourself before you can afford to hire one guy. You will need about 10 grand a month gross before you can hire a guy. How long will it take to reach that? So now your at 120 grand a year and have no choice but to hire someone. Now take a $10 an hour employee and minus about $25 grand from that gross. Now your back down to 95 grand. Lets say your at 25% profit of that 95 grand. That leaves you with about 23 grand.
Starting to get the picture?
Here is a good quote from one of the other posters. Quote:In my experience, besides the physical exhaustion you experience it's all the detail stuff that wears you out in this industry. All the little things one can take for granted in a corporate job (finding customers, fielding 10 phone calls a day while trying to keep up with your maintenance route, customer relations, marketing, etc.) - you are responsible for everything in your business from A-Z
Then you have to expect to work half days, and by that I mean 12+ hrs. especially early spring and fall. How will that affect your family and social life? And you must consider your initial investment, plan on spending $50-100K to set up a rig capable of supporting that income level and instantly your first 1 or 2 years income are gone to pay for that. End Quote:
Working solo you may be at 30% profit after everything. So if you gross $100 grand your only taking in $30 grand. Trust me those numbers are really close to reality. Then as you grow you add more overhead and that 30% number starts to fall to maybe 20%. So if you gross $300 thousand your net will be somewhere around $60 grand.
How long do you think it will take you to gross $300 thousand? If mowing only......A loooooooonnnnnnngggggg friggin Time! Do you think these commercial properties are going to just give some new guy with no clue a job? They want references, they want to know how big a company you are so they can see if you are capable of doing the job and on and on. The outlay for equipment never ends. Just when you think you have everything you need something else.
It takes years to build a reputation and that cost money. 10% of gross goes for advertising a year. Its too early for me to write a book, I'll sit back and watch.
I just love these types of unrealistic threads from guys with no clue.
I do not need to advertise so that saves me 10% and I think I am closer to the 70% range as solo.