I'm going to get a bit personal here for the benefit of those new guys to our industry as I don't want you to make the same mistakes as I did.
In this business you must be realistic about costs. In my opinion you will not run a carpet cleaning business on £5 per hour if you plan on doing it professional. By that I mean clean nice van, good machinery for all types of jobs(quality HWE machine, dry cleaning system, few hand tools, stair tools, blowers, spotter, sprayers vacuums), marketing efforts( yellow pages, flyers, BNI, direct mail), training (I've spent about £3000 over the past three years on training), the best of solutions, stationary, corporate identity, fees, breakdowns, etc etc etc.
I aim to work 5 hours per day moving the wand. You only make money in the customers home. The rest of the time is spent driving, on the phone, admin work etc.
Based on that my costs are approx £13 per hour. I add £5 for profit for new equipment etc. I want £22 per hour before tax for me.
25 hours per week equals
costs £325
profit £125
drawings £550
So I need to charge £40 per hour to make £1000 per week turnover.
These are average figures ie. on Friday I made (turnover) £415. On Monday I made nothing as no work on that day.
So you can see once you reach a certain level of turnover your drawings will be much higher as your costs will only rise very slightly.
After 2.5 years in business on my own I hope to hit my target this year.
Hope this makes sense and help the newer guys to see that it costs more than you think to run a professional cleaning business.
thanks
Mark Roberts
PS. feel free to give opinions on this as I don't claim to know it all.