Going on year 8, I stopped taking new random customers 4 yrs ago. We are referral base only to family and some friends only =) I have not spent a dime on advertising and turn away work weekly. I do mostly residential service and high end remodels. I don't work nights or holidays. I will work on a Saturday here and there. We do about 400-500k a year and have health insurance and have more freedom now with customers being my new boss 😉 starting a biz is def not for faint of heart that's for sure and def not for everyone. At 40 yrs old l I'm going to have to slow down sooner then later and start hiring here soon. It was worth the jump to go in my own for sure
regarding marketing companies- I've seen some want to have you in their google ads account and some a) give you read only access b) don't even let you look but will inform you how it's performing during the meetings. I've heard this is the way negarious marketing companies act, they know once your google ads are set up on their account and have all this data you won't want to leave and start over.
Here in MA you cant name your company anything other than your name or initials related as a journeyman. If you want to get a different DBA you need a masters license. From what ive seen in MA most guys start a company as a journeyman ultimately getting their masters license to hire others and at that point i feel like guys are like im not going to rename it now, im already established. Which is why i think most use their name, i think
Would you ever advice to buy a plumbing company that's family run, that's been around for 40 years, its evaluated at $105,000 to $300,000, with no good system in place, and one beat up express van.
This could be a good buy, basically you'd be buying their name/reputation, customer list, employees, and equipment. The cash flow of the business should be able to support any loan payments along with your salary (plus some).
I would avoid it. At that point, you're not buying a company, you're buying the people who run it and as soon as you take it over, they leave. One beat up van means they don't cash flow well. You'd be buying a headache. Too much work IMO.
Why would you guys tell someone to get rid of a truck for a van? Just dont understand what you think the van offers over the truck when the truck can haul dirt and concrete if you have to trench a job.
Service plumbing is a van with inventory and expensive tools secured. Big driving billboard. New construction or drains a service truck would work well. Van is WAY more efficient
@@jessebrown1497 I mean I have inventory and tools secured on my truck and my truck is a 3500 8' bed dually which is a big bill board and have a enclosed trailer I pull as well. I just don't see the difference if anything just limited with what a van can do
@@richardbowden9198 tons of storage in my enclosed trailer and extremely easy to access and I can tow a pipe bursting trailer and lining trailer and big enough brakes to stop a full Jetter
