Answer These Questions About Your Business :)

[harunh]

Answer 5 questions about your business below:

1. How long you been trading for?

8 months

2. How many customers do you have?

156

3.Your 4 weekly value?

£1180

4. Your summary?

Gained all my customers within 4 months, padt 4 months i havent gained many i lost a few and replaced them. My round has been built up by canvsssing and 80% of my work is gained via canvassing. Also toke off a lot of people of my round such as badpayers etc /emoticons/smile.png

5. Your target?

To get up to 400 customers and earn £3,000 per month. I reckon i can get another 200 customers between April-September bring on april and see how my customers roll in /emoticons/wink.png got a lot going on in my lyf at the monent so just waiting for something to be sorted which should be before march /emoticons/smile.png then after that i can concentrate 100% on my business

Lets hear all your answers and summary people /emoticons/smile.png

 

[All Round Cleaning]

Are you a tax investigator ????

 

[Gmeister]

Are you a tax investigator ????

Lmao seems like it!
Undercover!

 

[Dodger]

I think they're mostly not questions you should NOT be asking on here H!!

At least 2 & 3 are.

 

[Richard]

Doesn’t mean anything H; if you don’t include some cost and then look at your living expenses – sole traders should really include all living expenses as well, any surplus money is disposable income and this money is your true net profit.

1 – What was the initial cost to set up the business?

2 – How much does each customers cost you to service?

3 – What is the gross profit after cost & living expenses for every 4 weeks?

4 - When is the break even point reached / what is the profit margin as a percentage

5 – Next years target increase, as a percentage.

Richard

 

[Vince Green]

1) Mind your own business

2) Mind your own business

3) Mind your own business

4) Mind your own business

5) Mind your own business

any questions, don't hesitate to ask

 

[stevelewis]

1) Mind your own business

2) Mind your own business

3) Mind your own business

4) Mind your own business

5) Mind your own business

any questions, don't hesitate to ask

Lmao!

 

[harunh]

Fine /emoticons/mellow.png awkward people lol only tryna het a interesting thread going

 

[All Round Cleaning]

Pointless exercise more like H .

Also I wouldnt advise posting x y z on an open forum for all and sundry to find out what you make .

 

[Posh]

No go H

 

[harunh]

Why not gav? Uve told people before wat u earn, lol

 

[All Round Cleaning]

Lol I may have in the past but no longer H .

 

[harunh]

i see mate /emoticons/smile.png i dont like to tell peole what i earn either i always keep that to myself... but on this forum i like to share it cos i dont know any1 on here really and we all help each other out on ways to improve etc /emoticons/smile.png plus we hear each other plans and we can take that on board for ourselves... thats the main reason why i put this thread up mate /emoticons/smile.png i dont do it just to be nosey /emoticons/smile.png just wanna learn from others and see other people plans etc.... but awh well /emoticons/tongue.png

lol /emoticons/tongue.png

 

[Belfastcleaning]

1. How long you been trading for? 5 years

2. How many customers do you have? Too many

3.Your 4 weekly value? Not enough

4. Your summary? Not happy

5. Your target? £1,000,000

 

[Richard]

i see mate /emoticons/smile.png i dont like to tell peole what i earn either i always keep that to myself... but on this forum i like to share it cos i dont know any1 on here really and we all help each other out on ways to improve etc /emoticons/smile.png plus we hear each other plans and we can take that on board for ourselves... thats the main reason why i put this thread up mate /emoticons/smile.png i dont do it just to be nosey /emoticons/smile.png just wanna learn from others and see other people plans etc.... but awh well /emoticons/tongue.png
lol /emoticons/tongue.png

Try and better your previous years figures H, that’s what a lot of businesses do; there is a limit to what a sole trader can do, but when you can reach that point - you can then decide if you want to continue to grow you business even further.

Its possible to do it within 2 years, or just take your time and do it over a longer period.

Richard

 

[Vince Green]

The trouble with discussing earnings on forums is that there are always people out there researching the possibility of starting up themselves. Figures quoted out of context can give the wrong impression.

On "that other forum" there were some total plonkers who lived in a fantasy world and gave out stuff that never could have been true. Its better just to not say anything in my opinion.

 

[stevelewis]

The trouble with discussing earnings on forums is that there are always people out there researching the possibility of starting up themselves. Figures quoted out of context can give the wrong impression.

On "that other forum" there were some total plonkers who lived in a fantasy world and gave out stuff that never could have been true. Its better just to not say anything in my opinion.

Spot on mate, i dont mind giving people advice and maybe an idea of pricing etc but my earnings are different

 

[Richard]

The trouble with discussing earnings on forums is that there are always people out there researching the possibility of starting up themselves. Figures quoted out of context can give the wrong impression.
On "that other forum" there were some total plonkers who lived in a fantasy world and gave out stuff that never could have been true. Its better just to not say anything in my opinion.

Quote: Vince Green -

“Figures quoted out of context can give the wrong impression”

This happens all the time; the start up cost and then operating cost need to be included. Total hours worked, including the work hours you don’t get paid for need to be accounted for. Subtracting your holiday pay, sick pay or pension contributions, from the days you do work, is mentioned less often.

The turnover in cash for a business need to be a lot higher, just to be on par with a wage; one reality if you advised a window cleaner to charge more, often done on the forums, you will likely encounter some resistance.

It’s a shame because net profit margins can go up dramatically, as soon as you start to lower the percentage figure for expenses. (Page 36 Winning at Window Cleaning, gives an example). This single figure alone is great fun to play with, and can become a challenge to reduce this and see your profits take off.

Richard

 

[Smurf]

Post your book on here then richard if you want to help ppl out. By the way what is your book called "how to make money from mugs" by any chance /emoticons/biggrin.png

 

[johnny bravo]

H didnt i see you working in the inland revenue offices in town, i dont mean cleaning windows. /emoticons/biggrin.png

 

[Dodger]

Post your book on here then richard if you want to help ppl out. By the way what is your book called "how to make money from mugs" by any chance /emoticons/biggrin.png

To be honest Smurf I think Richards already posted half the book, although not word for word around the forum at some time or another and I've read the book myself, an interesting read actually.
"how to make money from mugs" acccording to some of the prices you reckon you charge Smurf I'd say you're in the same game so pot and kettle spring to mind!