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View Full Version : Poll - net income


Dan5082
11-15-2010, 08:08 PM
How much did you net this year. A - less than 50,000. B - more than 75,000 c- more than 100,000

Dan5082
11-16-2010, 04:01 AM
Thanks for voting

Steve
11-17-2010, 02:16 AM
Dan are you finding this poll helpful?

jasonw
11-18-2010, 01:00 PM
For the record I HATE the schmuck that made over 100K LOL:)

mikey.d.thompson
11-18-2010, 03:38 PM
and just so you know, i wish I was the one you HATED !!!!!!!!! lol

justin_time
11-18-2010, 09:16 PM
I hit 20,000 record profit since I started. This year for my 4th summer (not year) in business. I've been only working during the summer time not bad for a solo operation !

Steve
09-12-2014, 02:11 PM
How do these results compare with what you have found?

Dan Tanner
09-13-2014, 12:34 PM
Year is still ongoing for us.

My question is, what does this tell us about our chosen profession?

Steve
09-15-2014, 02:29 PM
Well, the thing is, it may not say as much about the chosen profession as it does the sampling group that answers.

We are more likely to have younger startup businesses answer the post as those are the ones that would tend to be reading the forum to learn how to grow.

Once you get larger and feel you know all you need to know, you may not feel the need for forums then and wouldn't be on here to answer such polls. At least that is a theory.

jrs.landscaping
09-15-2014, 03:53 PM
I think it would be beneficial to define net income and explain individuals current business structure, a solo sole prop will have higher "net" percentage because they most likely figure their wage as that net dividend. Whereas an Inc will have all applicable expenditures accounted for. So the results will never be an apples to apples comparison IMHO.

Steve
09-16-2014, 01:03 PM
a solo sole prop will have higher "net" percentage because they most likely figure their wage as that net dividend. Whereas an Inc will have all applicable expenditures accounted for. So the results will never be an apples to apples comparison IMHO.

That is a very interesting point and it now does make me wonder if any llc's answered this survey and how did they take that into consideration.

Although, if you have an llc and you take your salary and combine it with a company profit, wouldn't that still be a net income for you? Don't the company profits translate into additional net income? Because ultimately you own the company and if the company profits, you do as well.

ExtremeLawncareServices
09-16-2014, 04:31 PM
As a definition in its simplist form is what's left over

A percentage is for math jocks
I mean would you argue you made more or was more successfull if you business kept 22% of $10,000-50,000.00 while working in the field over a guy making 12% of 45,000-60,000 who enjoys the slower life in the office, who sales work for his crew.?
Once you factor in the one crew show is very limited in future potential and a structured company at a lower rate is only limited by the crews capibilities?

Am I missunderstanding the question at hand?

jrs.landscaping
09-16-2014, 04:44 PM
As a definition in its simplist form is what's left over

A percentage is for math jocks
I mean would you argue you made more or was more successfull if you business kept 22% of $10,000-50,000.00 while working in the field over a guy making 12% of 45,000-60,000 who enjoys the slower life in the office, who sales work for his crew.?
Once you factor in the one crew show is very limited in future potential and a structured company at a lower rate is only limited by the crews capibilities?

Am I missunderstanding the question at hand?

I think net to determine the health of a company or industry only paints a partial picture. I think to get a better idea would be to use EBITDA........

Also your interpretation of net is true for a sole prop, not positive but I'm pretty sure taking corporate profits is illegal. Owners salary is irrelevant in terms of net profit.........