bradleyelectric
Senior Member
- Location
- forest hill, md
An Idea to land work
- Thread starter WinZip
- Start date
- Status
I only posted this thread so those that are not doing well would possibly get a job if the home owner had a look on his face that he can't afford it all at once, an believe me there are plenty that can't then there are those that can afford it.
With that said, if your one of those that doesn't have deep pockets like some in here do then give it a try , a simple down payment an additional payments is better than sitting at home.
Just my two cents worth!
With that said, if your one of those that doesn't have deep pockets like some in here do then give it a try , a simple down payment an additional payments is better than sitting at home.
Just my two cents worth!
That is what it really comes down to, in many towns across the country, they have funds dedicated to helping the elderly with needed repairs, and that along with the many people that dedicate their time helping their neighbors, business is usually better able to help with funds to support these groups.
yucan2
Senior Member
- Location
- Just south of Chicago
Winzip I see where you're coming from and agree somewhat. However, the unfortunate reality is that usually those EC's most in need of this type of selective financing arrangement with their customers to generate income are usually those least able to afford to do it, as they are already hurting.
I have done these types of arrangements in anticipation of times like these. I only wish I had done more.
Those monthly checks can really be a blessing. On the flip side though, I have also had some deadbeats, fortunately not for very much.
In fact I think I'll give them a jingle this morning.:grin:
Keep thinking the good thoughts.
It's like this, if it meant getting the job or possibly not getting the job what would you do.
Again only coming up with Ideas for those that are hurting an it could be a starting place to get back on there feet.
Maybe I'm out in left field on this one!!
yucan2
Senior Member
- Location
- Just south of Chicago
Not at all, I feel ya.
A year ago, $2,500.00 job. 50% deposit. I carry the balance for 12 equal payments over 12 months. Did that. Had no problem. Marked the job up just a tad to allow for interest I would have earned.
Today, deposit must cover all material and labor. I'll float the profit for 12 months once again.
6 months from now, all things being equal and nothing has changed, I'll probably walk.
A year ago, $2,500.00 job. 50% deposit. I carry the balance for 12 equal payments over 12 months. Did that. Had no problem. Marked the job up just a tad to allow for interest I would have earned.
Today, deposit must cover all material and labor. I'll float the profit for 12 months once again.
6 months from now, all things being equal and nothing has changed, I'll probably walk.
As soon as you said 50% will cover material and labor, and the profit you could wait for, I knew you had the wrong idea of how a business operates,
the other 50% covers our overhead and operating expenses, and may if were lucky, yeld us a small 7% profit
yucan2
Senior Member
- Location
- Just south of Chicago
Sorry that dog won't hunt.
I've been profitable for more years than most of these guys have been in the world.
There are a myriad of ways to stay profitable, listening to others suggestions is just one of em'.
If my overall margins ever decline to 7%, I'll look elsewhere to earn a living.
bradleyelectric
Senior Member
- Location
- forest hill, md
what is your overall profit margin?
yucan2
Senior Member
- Location
- Just south of Chicago
Whoa!
I think we've strayed a bit too far from the OP's concerns and recommendations. This is beginning to become a fire fight.
Pardon my dust while I exit this thread.
Get over it. It's a normal business question. My net profit last year was a meager 0.83%. I didn't draw as large a salary as normal but saved $10k for retirement. Not very big numbers for bragging rights but to the businesspeople here, these numbers are believable.
Bradleyelectric probably asked your net profit because your claims are hard to believe. Average construction numbers in a good economy are typically under 10% net.
Bradleyelectric probably asked your net profit because your claims are hard to believe. Average construction numbers in a good economy are typically under 10% net.
Ha , landed a job today , gave the lady of the home a quote an you could just tell she wanted to keep shopping price , so I said to her if you give me this job I will take 50% down an two equal payments for two months on the first of the month of the balance , she says to me if you will do that for us I won't bother to call for any more estimates.
Could have lost it from another quote , who knows.
Could have lost it from another quote , who knows.
Spoken like a true professional.
bradleyelectric
Senior Member
- Location
- forest hill, md
so what was her credit score anyway?
hardworkingstiff
Senior Member
- Location
- Wilmington, NC
readydave8
re member
- Location
- Clarkesville, Georgia
- Occupation
- electrician
In Georgia a lien does very little by itself, it just preserves my right to sue for a year. I sold a house that had a lien on it, it cost me $18 for a bond. The man who filed the lein never sued me and never got paid (different story why I didn't pay him).
If he had sued me and won, it would still have been his problem to collect the judgement, another potentially difficult process.
Most of the people I've worked for that didn't have the money to pay me now didn't have it later either.
I would finance a job under the right circumstances.
- Status