How long did it take to reach your 1st $100k a year, YEAR?

How long did it take to reach your 1st $100k a year, YEAR!
Im sure you BIG-timers have sur-pass that many times over, but how long did it take for your 1st 100k a year, year?

If not $100k then what about...

50k

20k

If you have not reach that point, do you expect to and when 4,5,6yrs into the bizz???? just asking!







[Edited by Kevin Graham (KG) on 08-28-2000 at 06:57 AM]

 

We reached the 100k level few years back. My goal is to try to gross about 50k more each year(we did 154k last yr)to the point where im at about 250k. At that point Ill probably level out....the profit margins go down as your company excedes this point. My goal is not to have the largest company and the most toys...rather large profits that I can invest. By going at it this way, ultimatly my investments will be paying me while I sleep.

 

Probably the most brilliant 1st post I've ever read.

Agree 100%.

 

I net after expenses before taxes over twice my regions
average yearly wages in 8 months by the fruits of my own
labor (no employees).

You need one million in sales to make the owner 100g's net.
Labor overhead and assorted red tape BS eat up all the profits.

 

No.

Most of the guys I know that make $100,000 net income have a gross of 250-400,000.

 

Stoan,
I agree with Kent, if you only pocket $100k (net) from a million dollars(gross) something is terribly wrong, big time! i mean, you are only getting 10 cent off every dollar you earn. Man, thats the worst $100k i've ever heard of...



[Edited by Kevin Graham (KG) on 08-29-2000 at 01:41 AM]

 

Mr. Stone according to my calculations you must be making $60/hr on average 10 hrs/day 5 days/week 8 mo/yr to clear 100k before tax's. CHA CHING . Great job. If you can do that send me an e-mail I would like to buy you dinner and find out how you do this. I am in southeast Pa can't be anymore than 1 1/2 hrs from the farthest points in Jersey.

 

No 100,000 a year is a bad 100,000. (Unless you live on the East Coast, then it's poverty level!)

 

You probalby wont believe me but my second year i only made about 16K. This year if things go well in the last couple of months, then i expect to reach between 45 to 50K.

I had a good year.

Acute Cut

 

1st year 75k. second 170k. Looking for 300k in 6th year. Probably won't make it but it keeps me trying. Set high goals!