I think I am pretty much there now on how I wish to take the business forward.
I was going down the route of franchising, but it looks like a whole mine-field, and for now even though ultimatley i would like to expand using this method, i think the business still has a long way to go yet before I can warrent doing that.
Coming back down to earth now, I am rapidly growing the business now where I reckon if I keep the momentum up I will be hitting the magic six figure turnover by the end of 2012 Middle of 2013.
Why Six Figures?
Well, in order for me to employ someone to do the window cleaning, I have worked out that each van needs to be bringing in a turnover of £100,000 per year, or £420 per day.
I would look to pay someone 30k a year + annual profit share bonus to do the work, leaving around £70k profit for me/the business.
The idea is to keep growing the vans on this principle. I know that i can clear £500 per day if i schedual the jobs correctly, and there should be no reason, with the propper training why an emplyed window cleaner can do the same.
I would look to nuture the window cleaner, and in 6 years expect him to go upto rounds manager, and be responsible for 5 vans.
Once I have a few rounds managers, and a fleet of vans, i woudl ultimately look to start up a franchise model, where it would attract a much higher price.
Any thoughts?
(dont shoot me down tho)
