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workdog
08-02-2010, 11:03 AM
Does yall think this will work out for my business?
This is just a estimate and a ruff one at that.
Expenses:
Insurance $100
Phone $700
Maintenance $150
Gas $100
Side help (making appointments, etc.) $140
Helper $500

Profit (estimated at 20 residential lawns @ $25 a piece and 2 commercial lots @$50 and $70 per week).
$1665 profit

Profit per month:
$625
putting:
20% into savings for business (as a back up funds) - $129 per month
30% into new equipment - $193.50 per month
50% for personal - $322.50 per month.

What do you think?
Thanks!

temeculagrassgators
08-02-2010, 01:35 PM
workdog Are you saying your phone bill is $700.00 A Month!? Your helper is bringing in more money then you are. Thats kinda sad. This is how i look at my report:
48 Weekly Accounts At $70.00 A Month (Average) *$1750.00 Total
12 Bi-Weekly Accounts At $45.00 A Month (Average) *$540.00 Total
7 Pooper Scooper Accounts At $25.00 A Month *175.00 Total
1 Commercial Account At $285.00 A Month *$285.00 Total
Side Jobs..Mulch And Junk Removal Jobs $500.00 On A Bad Month *$500.00 Total

Total Income $3250.00-$3500.00

Expenses:
Phone-$40.00
Gas-$200.00
Insurance-$800.00 A Year (67.00 A Month) <Just Got It Lowered
Helper-$400.00 A Month (He Works 8 Days Out Of The Month) $50 A Day
Total Expenses- $710.00 Month

Business Account Gets $250.00 A Month
Business Savings Gets $75.00 A Month

$2265.00 Total Profit $ I make around $17.00 An Hour
Plus I Deliver Pizza On Fri, Sat And Sun Part Time And I Make Around $1450.00 A Month With That

I Make Around $3800.00 A Month With My Side Job

** Your helper should not make more money then you are. Bottom line. Thats how i run my business. But its up too you. I hope that phone bill is a year not a month.

-Tyler

workdog
08-02-2010, 03:40 PM
Woops! I ment $70 per month for the phone. That was just a estimate.
I hope my phone dosent get that high! I will eventually make more than my helper. This is just a start up. I hope to get around 30-35 weekly accounts. I need to revise it.
workdog Are you saying your phone bill is $700.00 A Month!? Your helper is bringing in more money then you are. Thats kinda sad. This is how i look at my report:
48 Weekly Accounts At $70.00 A Month (Average) *$1750.00 Total
12 Bi-Weekly Accounts At $45.00 A Month (Average) *$540.00 Total
7 Pooper Scooper Accounts At $25.00 A Month *175.00 Total
1 Commercial Account At $285.00 A Month *$285.00 Total
Side Jobs..Mulch And Junk Removal Jobs $500.00 On A Bad Month *$500.00 Total

Total Income $3250.00-$3500.00

Expenses:
Phone-$40.00
Gas-$200.00
Insurance-$800.00 A Year (67.00 A Month) <Just Got It Lowered
Helper-$400.00 A Month (He Works 8 Days Out Of The Month) $50 A Day
Total Expenses- $710.00 Month

Business Account Gets $250.00 A Month
Business Savings Gets $75.00 A Month

$2265.00 Total Profit $ I make around $17.00 An Hour
Plus I Deliver Pizza On Fri, Sat And Sun Part Time And I Make Around $1450.00 A Month With That

I Make Around $3800.00 A Month With My Side Job

** Your helper should not make more money then you are. Bottom line. Thats how i run my business. But its up too you. I hope that phone bill is a year not a month.

-Tyler

Chachi
08-02-2010, 03:56 PM
Another thought on paying your helper. pay by commission, for example.

You charge 30$ for a yard
Split in three's
10 for you
10 for him
10 for the biz.

Just a thought.

workdog
08-03-2010, 01:02 AM
Another thought on paying your helper. pay by commission, for example.

You charge 30$ for a yard
Split in three's
10 for you
10 for him
10 for the biz.

Just a thought.

I like that idea!

Thanks!

workdog
08-03-2010, 01:03 AM
Well, Im re-doing my expenses and profits. I did some of my math wrong (such as having 52 mowing a weeks, in Florida maybe but not in SLC, UT LOL).

watkins
08-03-2010, 02:39 AM
Another thought on paying your helper. pay by commission, for example.

You charge 30$ for a yard
Split in three's
10 for you
10 for him
10 for the biz.

Just a thought.

Nice idea Chachi, do you feel this applies to leaf clean-up and removal as well ?