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Ironically, everyone I've ever truly known well in your industry has practiced at least a little bit of that sort of thing at one time or another. Biggest "cash discounts" I've ever seen were in the auto body biz!!!! But obviously you've got to report a good portion of it if you've got a shingle hung and employees on board.
Another friend had a stereo shop for years. That model is dying out, hes mobile now and does 90% dealership work. Setting up new car stereos and window tint. Pulls about $250k a year and doesnt hit all the dealerships...
Really all bouls down to how much drive you have in pursuing your own venture. Also how much capitol you can start off with. Dont plan on making sny real money for the first year or so unless you just have the midas touch.
The Shop
DeCal Works Huge Plastic Inventory of UFO and Polisport kits.
Luxon 4-Post Bar Mounts
$189.95 - $239.95
Been putting off purchasing as much aluminum equipment as possible until more car lines ramp up with it. Buying 10 grand in self piercing riveting gun and attachments that are Ford approved and then having GM come along and specify a different brand concerns me. We've always been able to dodge the occasional high end aluminum body car but there's no dodging Ford F150's and Super Duty's here in Texas. Big game changer in this industry.
I know a lot of Union guys making pretty good money (like you do)...but they only make a lot because they work a TON of overtime and/or travel all over the place. So the money is good, but they work a lot of hours to get it.
The guys I know live in the inter-mountain west...way cheaper to live and way lower wages.
You'd be surprised how quick $1,500 - $5,000 services add up. We're not talking simple detailing on new bmw's and mercedes in the nicer parts of Dallas, but that brings more than you'd think. Considering labor, materials, working with Classic, Concours and award winning cars has a ton of headroom. Had a cobra Last year that was worth 2.1 on it's own, few corvettes and other oddities that were up there as well. Hopefully this year we will have a few winners at Pebble beach and high number vehicles move through Mecum and across the nation as well.
If you're from Texas You might have heard of us, seen some of the Commercials on t.v. over the past 6 months.
And have been a Self employee for 10 years in general construction and i'm currently working as a regular employee as a project manager in general construction. BONUS feature is that i actually want to live in the DFW area.
Pretty please
If so get him on Vital i'll talk him over with my European charm and a truck load of chocolate
I don't necessarily want to live in the city centre just outside, about 25 miles out or something just enough to be away from the buzz and yet close enough for a easy commute when necessary.
OW OW i forgot i have worked with chemical guys products also which i think are better than Meguiers but that is just personal preference off course
Pit Row
Our government has made it soooo prohibitive that many good people go into business
with out knowledge of this and lose everything. Stupid things like having an extra propane
tank so when the fork lift runs out it's not stuck in the parking lot, and the inspector comes
and asks if you have the $150 permit for that extra tank. WTF?
Or the having to pay someone to come and check your air compressor tank and certify it
for another couple hundred dollars? Or the the $250 you have to pay to be clean and NOT have
debris that migrates from inside your shop to outside your shop, and if it does it's only $2,000
per year. Don't even get me started on Insurance that has gone from $700 per month for a family
of 4 just 15 years ago to $2,500 per month today. Electricity bills that triple from on month to the next.
The shop has to literally almost shut down for a month to avoid this. In order not get bumped to the
next pricing tier the shop can only run one machine at time for a whole month, and with NO lights.
If you draw over a certain KW for 12 straight months you are considered a "large business".
They monitor every 15 min of every day if you go over the draw. I could go on and on and on.
TM
I feel like I need a wide awake, no drugs colonoscopy just to relax after going through one of those audits.
Some of my things do seem a little bit silly but some of the common sense stuff ready is issues that farmers and packers were ignoring for years. If folks would have been better stewards in the first place, a lot of regulation wouldn't have occurred.
They come back the next morning and put in a new transformer and rewire everything. Lead super says, get your invoices together along with everything else and file it with claims, its our fault..... 3 months later.
Now Entergy wants to split the losses and up our power bill 75%...
Running a business isnt fun. Not at all
Average salary 90k. We work shift, 4 days on 4 days off, 12hours. We just acquired another mill in Longview, Texas that is building a new team. I work hard, get paid for it, and normally come home sore. But my work stays at work and my home is never bothered when i'm off (kinda the black eye of self employment, you never leave it)
I say that just to say this. If you needed to get some cash together by making more than 36k, with a opportunity for a great career while having time to develop a business, NUCOR is a great place to start. There is no seniority/union bullshit to deal with, the career path is yours to make up with-in as opportunities come up. The 4 days off come in handy with developing your business while not putting your family in a bind at any point.
http://www.nucor.com/
If you have any questions, shoot me a email marc@kilbydeuce.com
BTW, I'm a industrial maintenance mechanic / welder / fabricator.
Good luck, hope the best for you.
My work NEVER leaves me alone...ever. It's always-24/7-in the back of my mind...nagging me...there is always another phone call to return, email to reply to, or client with a question.
Actually there are two days a year when I can not think about work...Christmas Day, and Thanksgiving day...nobody bothers me on those days. But the other 363 days of the year...its a constant nagging, and worry in the back of my mind.
Punching a clock...you clock out and forget about it. HUGE perk!
Small business comprises the majority of several hot bed economies across our nation, LIke Dallas.
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