//ArrowChat Code

Upcoming Events for the Next 120 Day(s)

Results 1 to 8 of 8

Thread: back in the game

  1. #1
    Join Date
    Nov 2015
    Location
    Davenport iowa
    --
    595

    back in the game

    For year's I have owned and operated a part time floor cleaning company. My son and I operated this company until he left the state to accomplish some other things. We specialize in gym floors and hard surface floors. I have always kept the company going but only taking on long time accounts or very profitable one's. My son has recently moved back and is now working at a local company and is wanting to get back into wood flooring. Three weeks ago I was contacted by a guy that refinishes 12-13 gym floors and is looking to retire, he want's us to take that over starting next year. Yesterday we had a meeting with the facility director at our local university and gave him a bid for recoating Two gym floors. When it rains it pours. Unfortunetley for us most gym floors are resurfaced during the summer shut down month's giving us very limited time with full time jobs to get the work accomplished. We also found out yesterday that a resurfacing company out of the chicago area is also retiring. Gym floors are a huge market from product sales to doing the actual work. Hopefully down the road this could turn into something very profitable for my son and I. The market in our area is pretty much open, nobody close that does this type of work. Even residential wood floor resurfacing companies are few and in between where we are. My son's recent real estate agent has given his name out to 4 possible customers just this past month alone..
    90 nickolson Bored and Stroked "The Good"

    Big Bore 110 Pauter frame "The Bad"

    90 Bored and Stroked "The Ugly"

    110 Nickolson Bored and Stroked "Waterloo"
    flat track build.

    1974 original 90 X 2

    1974 Original 70.

  2. #2
    Join Date
    Jun 2010
    Location
    Buffalo, NY
    --
    1,865
    It's finally happening, all the kids getting pushed to college are leaving a huge hole in the workforce. Congrats and good luck!
    Looking for a Bassani silencer for a 2nd gen tecate, the style with the movable mount. 1st gen will work

  3. #3
    Join Date
    May 2010
    Location
    TTown, Alabama, United States
    --
    802
    I would love the opportunity to work for myself! Wishing y'all good luck!

    I do have a question that you might be able to answer, what exactly causes "dead spots" in a gym floor?
    Suicide Hill Survivor

    The rides:
    1981 ATC110
    1982 ATC185
    1983 ATC185s
    1984 ATC200es
    1985 ATC200x

    When the going gets tough, the tough get sideways

  4. #4
    Join Date
    Nov 2015
    Location
    Davenport iowa
    --
    595
    Quote Originally Posted by 83ATC185 View Post
    I would love the opportunity to work for myself! Wishing y'all good luck!

    I do have a question that you might be able to answer, what exactly causes "dead spots" in a gym floor?
    Well beings we are not installers, I'll try to answer the best I can.. expansion and contraction of the floor generally due to moisture content. I do know that dead spots as you call it are said to move, that happened at the university I worked at. Bounce a ball on a court that has had flood damage and you will experience all kinds of dead spots.
    90 nickolson Bored and Stroked "The Good"

    Big Bore 110 Pauter frame "The Bad"

    90 Bored and Stroked "The Ugly"

    110 Nickolson Bored and Stroked "Waterloo"
    flat track build.

    1974 original 90 X 2

    1974 Original 70.

  5. #5
    Join Date
    Nov 2015
    Location
    Davenport iowa
    --
    595
    Quote Originally Posted by 83ATC185 View Post
    I would love the opportunity to work for myself! Wishing y'all good luck!

    I do have a question that you might be able to answer, what exactly causes "dead spots" in a gym floor?
    As far as working for ones self here's my take on that. Either you do it when you're young or you do it later in life when you can afford to. When you are young you really have nothing to loose. I owned a insulation company in my early 20's but because of the market change it didn't succeed. That was due partly because of of my lack of fortitude to change with the market and venture out to other types of insulating. I've always besides that time held a job and ran a business on the side. With that being said one has to reckonize opportunity and be willing to act on such. Like the time I had a opportunity to take over a pizza parlor with pretty significant income from a friend but didn't act.
    The other time in one's life to start a business is later on when you have stock piled enough money to afford to quit your job and start a new. Life gets a hold of us all and we get used to earning a regular for sure paycheck working for others.
    I know that this business of floors I am in along with other profitable ideas I've had floating around my head would be a good business. I know my son could make a living doing this. At this time with what my son makes working his job he would need to earn 150.000 a year on top of his billable service and goods, meaning he would have to bill out 300.000 dollars a year to make that 150k. Not impossible by any means but that doesn't come over night more like 3-5 years. So you have to be prepared to go hungry for a while to get to that point.
    Then comes knowledge, between my son and I we have 40 years of experience in this field, this gives us one up on some that are out there. Knowledge in your line of work comes with years of experience. So a person needs to decide if they do go into business for themselves do they Starve when they are young and single or old and married.
    Like I said I know I could make maybe 75k my first year right now if I did this full time. I could double that income the second year. The reason I know that is because of my many years in this business. I know what I can do and am capable of doing and I'm one hell of a bull***Ter and salesman but I can also back it up because of that experience..
    Most are scared to start their own business and rightfully so. Many don't have a nitch ( something they know) that takes years to get. Working for others gives you comfort. You go home at the end of the day and collect a paycheck at the end of the week. It's a for sure thing. Self employment is a little iffy and honestly a lot of work you are never truly off the clock. But with that being said you will never be rich working for others unless you are one of the truly gifted ones, doctors, lawyer's, CEO and so on..

    Sent from my XT1650 using Tapatalk
    90 nickolson Bored and Stroked "The Good"

    Big Bore 110 Pauter frame "The Bad"

    90 Bored and Stroked "The Ugly"

    110 Nickolson Bored and Stroked "Waterloo"
    flat track build.

    1974 original 90 X 2

    1974 Original 70.

  6. #6
    Join Date
    Apr 2012
    Location
    MI, USA
    --
    2,787
    That's a pretty good way to say it, I always describe working for another business as basically a hired slave. In that kind of situation, you always have a limit on how much you can make. Once you move to self employment the limits are removed and you basically make a profit directly to how much effort you put into the business.

    Not saying this for pitty or anything, but I'd love to have my business at $75k per year profit, making/modding atv parts is defo low profit (low sales, and markup has to be quite low). I've been hanging around $12k/year, but I'm full self employed and have a very cheap life style. The freedom alone is worth the much lower pay, I work whenever I feel like it, and there's no boss. The customers are you boss, but that's only for each individual job so you could always quit if you can't meet eye to eye and move onto the next job. I probably could out source the harnesses and such to Chinese workers, but I HATE their wiring over there and quality of work seems quite poor. I'd basically have to move there and light a fire under their butts and show how it's done lol.

    With your situation, maybe it would be best to work on getting someone hired in that has experience and move your role less as a working business owner and more of a business manager/ceo type of figure. Once you make that move and things are still good/stable you could take on other business ideas and such easier. One of the hardest things for a business own to do is to trust the work with someone they don't know.

    Anyway, personally I'd say to go all in on the business, you know it's profitable, sounds like you enjoy the work, and in time hopefully you can find suitable workers to make the business run and maybe you could adventure into other ideas.

  7. #7
    Join Date
    Nov 2015
    Location
    Davenport iowa
    --
    595
    Quote Originally Posted by ps2fixer View Post
    That's a pretty good way to say it, I always describe working for another business as basically a hired slave. In that kind of situation, you always have a limit on how much you can make. Once you move to self employment the limits are removed and you basically make a profit directly to how much effort you put into the business.

    Not saying this for pitty or anything, but I'd love to have my business at $75k per year profit, making/modding atv parts is defo low profit (low sales, and markup has to be quite low). I've been hanging around $12k/year, but I'm full self employed and have a very cheap life style. The freedom alone is worth the much lower pay, I work whenever I feel like it, and there's no boss. The customers are you boss, but that's only for each individual job so you could always quit if you can't meet eye to eye and move onto the next job. I probably could out source the harnesses and such to Chinese workers, but I HATE their wiring over there and quality of work seems quite poor. I'd basically have to move there and light a fire under their butts and show how it's done lol.

    With your situation, maybe it would be best to work on getting someone hired in that has experience and move your role less as a working business owner and more of a business manager/ceo type of figure. Once you make that move and things are still good/stable you could take on other business ideas and such easier. One of the hardest things for a business own to do is to trust the work with someone they don't know.

    Anyway, personally I'd say to go all in on the business, you know it's profitable, sounds like you enjoy the work, and in time hopefully you can find suitable workers to make the business run and maybe you could adventure into other ideas.
    To late in life for me brother,but I would love to have my son make the commitment some day and work for him in selling accounts. I know with his business aptitude and my years of knowledge in the field we could make a going it.. so much to do in one's short life, you really do need to go Balls in when you are young. Everything to gain nothing to loose.
    90 nickolson Bored and Stroked "The Good"

    Big Bore 110 Pauter frame "The Bad"

    90 Bored and Stroked "The Ugly"

    110 Nickolson Bored and Stroked "Waterloo"
    flat track build.

    1974 original 90 X 2

    1974 Original 70.

  8. #8
    Join Date
    Apr 2012
    Location
    MI, USA
    --
    2,787
    Yea I get you there. I started the business stuff after I got my money situation pretty well. No debt, own all vehicles, and own my house. Might not be the newest or fanciest stuff but that's just the way I do things. In 10 years or whatever maybe I'll look into buying nicer stuff, just have to save up money between now and then.

    Ironically I can't stay super busy with my business since I run out of supplies pretty easy. I try to do a lot of R&D for new products. Hopefully some day I can get to the point of making my own regulator/rectifiers and CDI boxes for the 80's era and older machines. In theory if I got the old stuff working well, the same basic idea should apply to the newer models too like for the 300ex, 400ex, 450r and such.

//ArrowChat Integreation Code //