Dont listen to them Amazin. Just remember whos giving the advice on here. People you have never met, which 99% of them are one man bands that have absolutley no first hand experience on subjects such as this. In the end your business is what you make of it. Thats the fun part. It is entirely possible to scale up this business and earn great money, while at the same time removing yourself from the day to day opperation, giving you back the freedom of your time. I have just bought 3 new vans taking us to 15 and £1.3 million a year turning. We have never been busier than right now. Taking on 70-100 new customers a week. I intend to be at £2 million a year within 4/5 years, and that includes taking a 1-2 year growth break from the end of this year. As it says at the bottom of all my posts, The best way to predict the future is to create it.
Pay 3 million for it lol 20% profit per annum how much would someone be expected to pay for that then,I would say 450-600,000 again - the Tax.
Why don't you have a quick google before making stupid comments?
Quote from: NWH on August 23, 2020, 01:35:50 pmOf course it matters what he ends up with that’s a ridiculous statement for you to make if you are in any business you are in it to make money,my issue is with just that point what you would end up with. 125k after Tax to run 10-15 vans imo is not worth it just my opinion double that with 10 vans of course it would be.No it doesn't - same as I have no interest or need to know your profit - differing ways to make a living - as long as you do, who cares Just you perceive your valuation on things and assume it's not worth it- is well worth it to some one elseWhy you think running 15 vans is a vanity thing is beyond meDarran
Of course it matters what he ends up with that’s a ridiculous statement for you to make if you are in any business you are in it to make money,my issue is with just that point what you would end up with. 125k after Tax to run 10-15 vans imo is not worth it just my opinion double that with 10 vans of course it would be.
Once you get a certain level of income its diminishing return anyway what that extra gets you.Earn 50k a year and your life doesn't get much better earning 100k a year. You just buy a bigger house, newer car, better brand name on your clothes etc. I'm happy with how much I earn as a sole trade but I would like the free time a bigger business owner has that's the real success to me not the money its the time to enjoy it.
I have made it big after 4 years of leaving window cleaning, my round made a few K a month with little responsibility which is a good wage to some people . I started trading the stock market, and designing trading systems for funds . I enjoyed the window cleaning days though , especially now with lack of exercise