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Skyglide

  • Posts: 198
Making money - scary at the crossroads - what would you do?
« on: October 01, 2007, 06:44:19 pm »
Hi All
I've worked hard for 2.5 years without a proper break to get things flying. Main problem is I started without any capital, due to 2 divorces. All WFP.
Now have 2 employees on good money and have to register for Vat.
One employee is regular and no complaints. Other one went sick today and peed me off.
Do I stick to my guns and go for a business that is saleable or run off the tools?
Do I jack all the prices up and delay the Vat, work for more money and less customers?
Do I get rid of 2nd employee?
BTW getting 8 - 10 new customers every week, today 9 flats at £15 per flat .5 mile away.
Advice please after a **** day!
Chris

NWH

  • Posts: 16952
Re: Making money - scary at the crossroads - what would you do?
« Reply #1 on: October 01, 2007, 07:06:14 pm »
First of all get rid of the T***** that keeps letting you down,then put all prices up on jobs you don`t mind losing and only a fraction on the good work,any rubbish work replace with new work at the prices you want.Send the employee out on his own and pay a basic wage with bonus on work given and completed,this should ensure that he`ll do the work otherwise he`ll be only earning his basic pay.This can be the only way i can see with employing,if you just pay a set wage your never gonna get the best out of him in my experience.

cvdewsbury

Re: Making money - scary at the crossroads - what would you do?
« Reply #2 on: October 01, 2007, 07:13:54 pm »
SELL THE LOT OFF AND GET A JOB SELLING ICE CREAMS ON THE BEECH ON THE COSTA BLANCA?

Re: Making money - scary at the crossroads - what would you do?
« Reply #3 on: October 01, 2007, 07:23:41 pm »
Hi All
I've worked hard for 2.5 years without a proper break to get things flying. Main problem is I started without any capital, due to 2 divorces. All WFP.
Now have 2 employees on good money and have to register for Vat.
One employee is regular and no complaints. Other one went sick today and peed me off.
Do I stick to my guns and go for a business that is saleable or run off the tools?
Do I jack all the prices up and delay the Vat, work for more money and less customers?
Do I get rid of 2nd employee?
BTW getting 8 - 10 new customers every week, today 9 flats at £15 per flat .5 mile away.
Advice please after a **** day!
Chris
dont think about it today, you have had a bad day we al have them (had a very bad one yesterday, bought new van and ten mins later got pulled so did the guy that works for me that was following me, 2 speeding fines and 6 points) you day should feel better. Right back to the point.

If you jack up the prices how can you delay the vat?
give employee a vebal warning that this will not be tolorated, does it again written and rid. you cant build a business on wasters good fondations and all that.

 "Do I stick to my guns and go for a business that is saleable or run off the tools?"
did not understand that???

Skyglide

  • Posts: 198
Re: Making money - scary at the crossroads - what would you do?
« Reply #4 on: October 01, 2007, 08:57:23 pm »
Hi NWH
Gonna give the T....r a b........g tomorrow - last chance and final written warning. Don't mind holding their hand, but not going to change their nappies.
Still feel that I can get a good saleable or manageable business out of this after doing all the hard work.
I'll work my backside off if there is an end goal, but it gets a bit clouded sometimes and I don't want to think I have wasted my efforts.
Chris

NWH

  • Posts: 16952
Re: Making money - scary at the crossroads - what would you do?
« Reply #5 on: October 01, 2007, 09:08:24 pm »
That`s the trouble i had when i employed,they can end up draining you of enthusiasm.You`ve put all the hard work in over the years and they think they can turn up when they feel like it,been there and done that.The best thing i did was to downsize the round and keep all the cream work,every job i now do i enjoy doing and it`s at the price i want,when new work comes in i`ll go to quote and if it`s not the kind of property that`s going to earn me my price i pass it on to a newbie.If you do this process in the right way i promise you you will earn more money than you can with 1-2 workers,add up there wages holiday pay and all those sick days and it`s a no brainer,who knows in the future but at the moment i`ve never been happier going to work.

Skyglide

  • Posts: 198
Re: Making money - scary at the crossroads - what would you do?
« Reply #6 on: October 01, 2007, 09:22:01 pm »
Well done NWH, I feel a lot better!
I agree you don't know what the future has in store and the main thing is you have to work so why not enjoy it.
Maintenance cleans on windows is a breeze and actually cleaning windows is enjoyable in my book.
Trouble is I'm thinking long term as I'm 54, but fit. Do I clean until I drop or create a saleable business?
Chris

Kwackers

  • Posts: 700
Re: Making money - scary at the crossroads - what would you do?
« Reply #7 on: October 01, 2007, 09:25:43 pm »
Keep getting the work and get some more vans on the road allowing you to be a manager in a few years.

3/4 vans on the road should see a good retirement fund

supernova77

  • Posts: 3547
Re: Making money - scary at the crossroads - what would you do?
« Reply #8 on: October 01, 2007, 11:28:48 pm »
Employing other window cleaners and looking after them can be a nightmare!

My ultimate goal is to one day hire some other window cleaners + a manager who is there to look after them and the day to day planning/running of the business, allowing me the time to concentrate on expanding even more.

Andy

mike richardson

  • Posts: 259
Re: Making money - scary at the crossroads - what would you do?
« Reply #9 on: October 01, 2007, 11:38:06 pm »
just plod on your self i had 8 lads 4 vans made loads of dosh
 but my customers wernt happy so i wasent happy'

gave me endless bad heads
ive spent 20 yr building this up with a good reputation for some one who dnt care less about my buisness to come along & ruin it.i took the plunge 2 yrs ago sacked them all 1 morning,
now i have 1 van 1 employee am on his back all day

i no every window is done to perfection cos iam on every job with him,

told him he either works well or he doesent bother

i get less bad heads now know all my customers well

if they get a problem iam there to sort it

life sorted  ;D




Dean Aspects

  • Posts: 1786
Re: Making money - scary at the crossroads - what would you do?
« Reply #10 on: October 02, 2007, 03:41:13 pm »
I had an employee that was more hassle than it was worth
Did my year end accounts and realised i was only earning slightly more than when i was on my own
iwent back on my own and my turnover went down by an average of ten pounds per week i had to work a little harder to achieve that but now 6 months down the line i have creamed off the best work and now average £50 per week more and no hassle
I wouldnt say i loved w/cing but i now dont mind it so much no stress

Dean

Ian Rochester

  • Posts: 2588
Re: Making money - scary at the crossroads - what would you do?
« Reply #11 on: October 02, 2007, 06:54:28 pm »
Christies,

You're at the point we were a couple of years ago, ask yourself what you want to be doing in 5 years, do you still want to be working hands on in all weathers and earning a reasonable living, with no hassle, or do you want to bite the bullet and see if you can turn this business into your pension plan?

Heads or tails, your choice!

newpy

  • Posts: 153
Re: Making money - scary at the crossroads - what would you do?
« Reply #12 on: October 02, 2007, 07:01:26 pm »
It's a tricky decision to make isn't it  ??? I had a business 4 yrs ago and employed 10 staff, turnover was great, profit was good, but what a headache! Staff can be great don't get me wrong, BUT at the end of the day, nobody is going to be a thorough as you as it's not their business. At the end of a working day they go home and forget all about it, have no concept of how much effort goes into running a successful business, very nice! if you want that.
I was at the same point that you are at, with this decision to make, it seems to me you have to decide whether you can or want to deal with all the extra legalities and problems of having staff, or would prefer the simpler life, running and doing the majority of the work yourself. I chose not to employ as i don't want to take the risk of staff killing my business or deceiving me further down the road by nicking work, i know this cannot apply to all staff, but i'm happier knowing that i'm in complete control!! You can still achieve good wages and a saleable business with one van, as it's obvious to increase your prices and only take on lucrative work.
Of course there are pros and cons with each option, and it's down to the individual to decide if they can manage staff effectively and reep the rewards! I have learnt from my past experiences i'm not particularly great with staff! hence the tribunals i ended up in! ::) all a learning curve, but i'd rather give it a miss! Good luck with the decision though.

NWH

  • Posts: 16952
Re: Making money - scary at the crossroads - what would you do?
« Reply #13 on: October 02, 2007, 07:05:55 pm »
If you don`t have honest good working WC`s working for you you don`t have a business,how many people who employe actually know if there customers are happy honestly,not many i bet.Cos the moneys coming in it don`t mean that the customers are happy,half of them don`t know any better.

Londoner

Re: Making money - scary at the crossroads - what would you do?
« Reply #14 on: October 02, 2007, 07:17:33 pm »
Newpy and NWH have got it about right in my opinion.The key question is whether you can stand taking a backseat and trusting others to do the work for you. A lot of people talk about building an empire but they always seem to miss out this one difficult question. Forget about the headaches and the fact that you may well doing more work for less money.
Are you the sort of person who can let others do it or are you too hands on and only happy to be at the front end doing the windows?

NWH

  • Posts: 16952
Re: Making money - scary at the crossroads - what would you do?
« Reply #15 on: October 02, 2007, 07:21:41 pm »
A lot of people who employe don`t realise that there employees are out there doing a C*** job but a lot of customers are just glad to get there window`s clean that`s why the turnover of work has to be high and constantly replacing lost work.Just cos your turning over a lot of work it dosen`t mean that the quality is there,you need to be at the sharp end out there with em making sure things are getting done right.

mike richardson

  • Posts: 259
Re: Making money - scary at the crossroads - what would you do?
« Reply #16 on: October 02, 2007, 09:32:23 pm »
i see all my customers all the time, if they get a problem they tell me, my turn over of work is really small maybe lost 5 jobs in a year, & i no the quality is there like tday i made the lad with me re do 11 windows on 1 house really sunny sothey streaked a bit with the squeege, he has only been here 6 wk but is on a very steep learning curve but when he re done them in his time not mine he got the message, he went home at 5.30 not 5.00

Re: Making money - scary at the crossroads - what would you do?
« Reply #17 on: October 02, 2007, 09:48:31 pm »
Well done NWH, I feel a lot better!
I agree you don't know what the future has in store and the main thing is you have to work so why not enjoy it.
Maintenance cleans on windows is a breeze and actually cleaning windows is enjoyable in my book.
Trouble is I'm thinking long term as I'm 54, but fit. Do I clean until I drop or create a saleable business?
Chris
Expand and take on staff, if you dont try you will never know, I have staff, yes they can be a pain in the a== sometimes, but if they are trained correctly they will do the job right, if they get complaints they have to re clean in thier own time or lose the money from their wage packet, that keeps them doing the job right in the first place, may seem a littlwe harsh to some but at the end of the day they are fronting your compnay and should do what they are paid for and that is to clean windows to a high standard everytime.

Re: Making money - scary at the crossroads - what would you do?
« Reply #18 on: October 02, 2007, 09:52:20 pm »
I don't think much of your options. All the bad points as above plus it will never be worth much- not even annual turnover.

I would look at two things, expanding in other areas, and giving your good employee more responsibility and maybe a share in the firm for taking on more.

To move on you have to work as part of a team.

NWH

  • Posts: 16952
Re: Making money - scary at the crossroads - what would you do?
« Reply #19 on: October 02, 2007, 10:11:27 pm »
The trouble is in this game is that in the end they start to think that they are more then just part of a team,they start to think there your business partner.Get to comfy cosy with employees and they will take libertys,that`s from experience.