Hi Eddie,
I personally think that WC really isn't big business, yes there will always be a few out there making the big bucks. but lets be honest its probably one of the cheapest business set-ups going, which is why our industry is full of cowboys and dole cheats charging stupid prices which in turn undervalue's our customer image as most people think wc are beneath them in society cos they see the battered cars with scabby ladders and then tar all of us with the same brush. This is what kills our prices and earning capabilites to the point where if you do employ the repayment isn't that great compared to the risk elements involved.
If you owned a sparks firm and you got a rewire on a 3 bed house you would be charging say 3-4k you could finish it in 4-5 days (maybe less), wages would be £800, materials £400 plus extras say van all that jazz say £100. that leaves £2200 for the company. Thats alot more than you would earn off 2 wc a week.
Also in the bigger picture if you were succesful and made it to twenty years of service you would be able to sell your name/clients as a real business with value on to a rival and make a tidy sum or semi-retire and just price up jobs and work in the office.
I really feel the same as you and if im honest im at a point now where I don't know if I should jack it all in and move on to a business where the invoice values are alot higher and the margins are easier to work with hopefully making it easier to expand.
I'm only 30 and im really thinking is it worth me putting all my effort in to something that will not grow into a business where I could become semi retired? as that is my ultimate goal.
I was doing 4 story cleans today and it was bloody hard work, I can't see me doing that when im 50 !!
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I maybe wrong or just feeling a bit down today because of the weather but just my 2p worth
Rob