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Solo Op's Gross

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  • #16
    I bet if we didn't pull alot of money out for personal stuff ( I mean business expenses) we could have cleared 50,000.

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    • #17
      Quote[/b] ]I have never seen a solo operator make less than 35-40% of gross unless he is one that has to have the newest, best equipment and brand new trucks every two years, and then he also has cheap prices.
      Although I understand from your budget that you are not solo, I think you would be better off being solo with the numbers you are showing.
      It is a 'sample' budget...I don't think I would post my actuals. But thanks for the tip.

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      • #18
        Quote[/b] (ritchiem @ Dec. 11 2006,8:10)]
        Quote[/b] ]I have never seen a solo operator make less than 35-40% of gross unless he is one that has to have the newest, best equipment and brand new trucks every two years, and then he also has cheap prices.
        Although I understand from your budget that you are not solo, I think you would be better off being solo with the numbers you are showing.
        It is a 'sample' budget...I don't think I would post my actuals. But thanks for the tip.
        I thought of that after I posted what I said.. lol.. thats a good thing its a sample

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        • #19
          Quote[/b] (Billz @ Dec. 11 2006,1:38)]I bet if we didn't pull alot of money out for personal stuff ( I mean business expenses) we could have cleared 50,000.
          My whole life is business expenses, although next year when I go LLC or Inc. I think that I am undecided how much I will write off. If I wrote everything off (renting the shed to the business at $1000 per month) and stuff like that, if I went to sell the business or get a business loan for something else, I wonder if I could get the same amount because my schedule C wouldn't be accurate. I just don't need that much money to live right now.



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          • #20
            That's what we do. Storage space, office space, home phone, for fax, cell phone, lots of gas, anything the accountant will let me write off, we do. If I added all that up, I would bet we cleared about 50% of gross.

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            • #21
              Quote[/b] (Billz @ Dec. 11 2006,7:17)]That's what we do. Storage space, office space, home phone, for fax, cell phone, lots of gas, anything the accountant will let me write off, we do. If I added all that up, I would bet we cleared about 50% of gross.
              Thats the way to go... plus letting this computer that is used for "business only" set in your house, cost at least $1000 per month of rent...

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              • #22
                In a service type business most of what you charge and also make depends on location, you cannot charge the same prices in say Alabama as you could in Connecticut. I believe it all works out though as it is much cheaper to live in some states than others. Just as an example I have friends in Ohio and they have a beautiful home which cost them about 150,000, that same house here in NJ where I live cost about 300,000. You also have to remember, all work and no play...Well to quote an earlier post you have to have time for fishing.
                If you come to a fork in the road take it.
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