Bulk Residential
Pros:
• Easy business to build
• Compact rounds
• High cash to cheque ratio
• Good cash flow
Cons:
• Low customer loyalty
• Low value
• Increased competition during summer
• Collecting may eat into your free time
• Difficult to grow & develop
• Staff difficulties, if they see money changing hands
High End Residential
Pros:
• High level of customer loyalty
• Higher earning/profit potential
• Higher level of self esteem (people want you to clean for them)
• High cash to cheque ratio
• Good cash flow
• Natural progression to commercial contracts (These are the people who run their own business)
Cons:
• Higher level of professionalism required
• Experience essential
• Bigger territory required
• More travelling between jobs
• Longer time to build business
Local Commercial
Pros:
• High level of customer loyalty
• Higher earning/profit potential
• High level of self esteem
• Good cash to cheque ratio
• Good cash flow
• Work rain or shine
Cons:
• Increased competition
• Higher level of experience required
• May take years to build the business
• Contracts can be lost for reasons beyond your control
Blue Chip/National Accounts
Pros:
• High value contracts
• Elite within industry
• Easier business to grow & develop
• High value business when time to sell
Cons:
• 30-90 day payment terms
• 60-70% will be sub-contract
• Profit wholly dependent upon speed, efficiency, quality workmanship and avoiding call backs (500 panes/day)
• High degree of professionalism required
• Takes years & dedication to succeed
THE END