[P @ F]

Out goes Solar Ste, in rolls Pryor 

Twins , separated at birth i reckon 

[Walter Mitty]

I had to smile at Lee's screenshot after recent events on here with Steve - specifically the bit that reads "solar panels £0.00"

[AuRavelling79]

Well IMHO Lee answers questions from forum members so no problem in this corner of 100 acre wood.

[Tom-01]

What's the profit on that, after absolutely every expense involved?

[Stoots]

The difficulty must be deciding when to stop Lee.

I mean you obviously have a formula for growth, invest a large chunk of profit or most if it into leaflets every year and increase your turnover.

It's only when you stop advertising for growth that you can actually keep the profits for yourself.

It must be quite difficult to decide when that point will come, I would be torn between keeping going just to see how far I can go or pulling the plug and saying enough is enough I'm happy with 100k a year takehome (example).

I mean as a business owner if you can build a business that runs itself, how much do you need as a passive income £40k, £400k, £4m?

I suppose you ultimately have to decide what kind of life you want to live.

[Marc Stock]

The bad debts list is nice and low considering your monthly turnover.

I have to say lee, and i say this again and again. Its your posts that have motivated me to move my business forward. And seeing your VANs about has given me a proverbial KUTA

Saw one of your vans in Old Woking the other month, stopped to have a chat with one of your guys, he used to live with you for a while? I dunno anyway he looked quite happy so you must be doing something right. You did a large leaflet drop in Horsell last time, I actually picked up custom from your leaflet drop! I have alot of custom in Horsell.

Anyway keep well, and dont overdo it lee.

[robbo333]

Nice one Lee.

If you have a van spare, why not stick a pressure washing / soft washing set up in it. Could be a nice little earner for not much outlay; especially as you already have the customer base. Good time of the year too.

[dazmond]

turnovers vanity,profit is sanity....

[dazmond]

Out goes Solar Ste, in rolls Pryor 

did you not know its the same person?

[Lee Pryor]

The difficulty must be deciding when to stop Lee.

I mean you obviously have a formula for growth, invest a large chunk of profit or most if it into leaflets every year and increase your turnover.

It's only when you stop advertising for growth that you can actually keep the profits for yourself.

It must be quite difficult to decide when that point will come, I would be torn between keeping going just to see how far I can go or pulling the plug and saying enough is enough I'm happy with 100k a year takehome (example).

I mean as a business owner if you can build a business that runs itself, how much do you need as a passive income £40k, £400k, £4m?

I suppose you ultimately have to decide what kind of life you want to live.

No I answerded this question earlier in the thread. We will stop at the end of this year when we have our final vans out and are hitting £65k a month

[Lee Pryor]

Nice one Lee.

If you have a van spare, why not stick a pressure washing / soft washing set up in it. Could be a nice little earner for not much outlay; especially as you already have the customer base. Good time of the year too.

We used to do pressure washing but dropped it a few years ago. We still have all the kit, I might bring it back.

[Tom-01]

If profit is around 40% - 50% it's worth the stress and hassle, maybe.

[Slacky]

Lee, what do you see yourself doing in 15 years?

[Lee Pryor]

If profit is around 40% - 50% it's worth the stress and hassle, maybe.

No where near that much! Iwish!

When we hit our target of £65k a month the pre tax (corporation and income tax) profit will be £18k a month

So thats a yearly profit of £216k or £173k after corporation tax left for me to take as dividend. Roughly £10k a month take home after personal tax on the dividend. Im happy with that and the part time hours i work.

[Lee Pryor]

Lee, what do you see yourself doing in 15 years?

In a few years I plan to either set up another base and try to double the business or set up a completely different business. I have a few ideas for something else at the moment.

[johnny bravo]

lee what made you take your first helper on,   were you just a sole trader trying to grow your bussiness up and you started to get more customers  for you to keep up with.  , i myself are starting to overload with customers,  , but the hasstle of everything which is involved with employing someone and all the employment laws etc put me off.     Sickness  & hollidays etc    Maybe i just like my own way of doing things

[Arnold Palmer]

Lee.

Wouldn't mind a chat, I could use your help.

Email me.

You know, if you want.

[Lee Pryor]

lee what made you take your first helper on,   were you just a sole trader trying to grow your bussiness up and you started to get more customers  for you to keep up with.  , i myself are starting to overload with customers,  , but the hasstle of everything which is involved with employing someone and all the employment laws etc put me off.     Sickness  & hollidays etc    Maybe i just like my own way of doing things

Yes I started from scratch on my own and was trad for the first 2 years.

I just never reached the point where I wanted to stop growing, it was fun and I liked earning more money. That was one reason and the other main reason was that I didnt want to be the person generating the money each day. I didnt want to do manual labour my whole life in case of sickness or injury.

[Marc Stock]

If profit is around 40% - 50% it's worth the stress and hassle, maybe.

No where near that much! Iwish!

When we hit our target of £65k a month the pre tax (corporation and income tax) profit will be £18k a month

So thats a yearly profit of £216k or £173k after corporation tax left for me to take as dividend. Roughly £10k a month take home after personal tax on the dividend. Im happy with that and the part time hours i work.

Thats just about spot on lee.

So your business cost per van is around £4k per month Including building rental and insurances etc.

Thats exacly how i envisaged it.

[Slacky]

Lee, what do you see yourself doing in 15 years?

In a few years I plan to either set up another base and try to double the business or set up a completely different business. I have a few ideas for something else at the moment.

Thankyou.