Mule said:
Well Ok, medical to me is a personal expense, but I hear where you are coming from... But look at this...
Truck payment=0
what happens when this truck dies? where does the money come from to buy a new one? heck, charge for it now, put it in a separate account, and pay cash for a new one...
Mule said:
advertising, Yellow Pages=$89
envious of this, when we ran resi service, $4000-6000 month...some of the big boys are over $50,000/month...
Mule said:
cell phone=$100
office phonee=$24 (roll over to cell only)
what about when your SIL goes out on his own? where is the money for phone #2 gonna come from?
Mule said:
Continueing education=$150 every code cycle
that's it?
Mule said:
employee training=0 I do that during windshield time
won't even comment
Mule said:
Fuel=$400
Vehicle insurance=$80
Licensing=$300 annuallly
Insurance and Bonding=$750 annually
what kind of insurance for $80?
Mule said:
Ok I shooting from the hip, but I aint far off...
From your list above, you are operating like too many small shops...if you have hopes of growing, you need to calculate your overhead at least 1-2 trucks out...
when you need to increase advertising, will you be able to?
when you need to increase fuel, will you be able to?
how long will it take, in windshield time, to get you SIL up to speed?
what's your WC insurance?
Bad Debts?
T&E?
What's your weekly salary? (don't answer, just making a point)
what's your companies share of the rent/mortgage? I know you are working out of your house, but the business should be compensating you for the space it's taking up...
how much do you pay your wife to do the books?
how much do you pay for marketing/promotional items? invoices? business cards?
How much do you pay for vehicle maintenance? oil changes?
the list goes on..
good luck.