Is this your exit strategy?

Discussion in 'the CleAn Room' started by Wandslinger, Dec 25, 2016.

  1. Papa Emeritas
    Papa Emeritas

    Mr Personality

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    It's Brokewell , if he called me anything it would be collect
  2. Lee Stockwell
    Lee Stockwell

    FOJL

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    Our own Don Rickles...
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  3. Papa Emeritas
    Papa Emeritas

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  4. Papa Emeritas
    Papa Emeritas

    Mr Personality

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    This thread title and is a very important topic, Shane reminded me of a theory I have about people selling when they're down instead of while they are up.

    It's extremely critical in investing

    Reminds me of the thought process behind so many gamblers prior to entering a casino

    They decide how much money to bring and the max they are willing to lose

    Nobody ever decides beforehand to have an amount of winnings that they will quit and walk away while they are up

    Everybody seems to have a loser strategy but no winning strategy


    Very symbolic, this thread didn't even touch on a point that everyone will eventually have to come to terms with...when and how they'll leave the industry.

    If it was a Devastator thread it would be 9 pages long
    Last edited: Dec 27, 2016
  5. Matt Wood
    Matt Wood

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    My growth in gross this year is 27.7% (thanks to Mikey'sboard). The reason I give this forum most of the credit, is because I've never had a growth that big,and this is the year I jumped on board with all you smartasses.

    With that aside, my gross is nothing to brag about. BUT, it's a huge jump from the year before. Should I consider looking for a buyer?
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  6. Matt Wood
    Matt Wood

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    I don't want to sell my business, I'm working on a goal to merge 2 carpet cleaning businesses into one right now, so that's not on my mind. Just an example, that's all
  7. Papa Emeritas
    Papa Emeritas

    Mr Personality

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    You purchasing a business to add to your existing?
  8. Matt Wood
    Matt Wood

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    I offered him a commission close to his percentage in profit last year on each job. There's nothing set in stone yet, but he knows me and he knows I'll boost his customer base up on Window and Pressure washing. He's growing 5 times in that part over carpet cleaning.
  9. Matt Wood
    Matt Wood

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    Was that a good offer?
  10. Willy P
    Willy P

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    Run like the wind from a partnership Matt. If you only take one piece of advice from this thread let this be it. I've tried it a few times and just run. It's your success of failure, not a partners.
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  11. Willy P
    Willy P

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    I like that anology. Years ago I had to do a repair at a casino. It was right in front of the cashiets cage. When I cut out the piece a 100 dollar chip rolled out. Now the camera and security systems as so tight if you fart they can tell what you had for lunch. I walked over to the dude and he said to keep it. A while later I was around thete and I walked in to cash the chip. For some reason I sat down at the blackjack table. 5 minutes later I was up 325 bucks and I got up to cash out and leave. The guy next to me couldn't believe I was leaving because I was "on a roll". Exactly yhe right time to leave. Only time I've ever went to a casino.
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  12. Matt Wood
    Matt Wood

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    I don't see this being a partnership. Were not combining our businesses. I'm just paying him commission for every customer he sends to me
  13. Willy P
    Willy P

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    Just watch out closely for yourself and the business you've worked hard to create. I tried a few similar things thst just didn't pan out and a few that ended badly.
  14. Matt Wood
    Matt Wood

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    Can you be more descriptive on the "ended badly"?

    I've been swapping jobs back and forth with this guy for the past several years.
    -He sends me all his customers who need air duct cleaning, and sends me work when his employee isn't doing what a good employee should do...do the job.
    -I send him all my customers who need pressure washing or window cleaning
    That's been our agreement for several years now, and I've send him more customers on things like construction cleanup, stripping and waxing, and general house cleaning as well. I'm not worried about him stealing any of my customers, and I hope he feels the same way about me.

    So I made him that offer on him dropping out of carpet cleaning and I just pay him commission on it.
  15. Spurlington
    Spurlington

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    How about a small TM .. 15/33 or a Bane .. pull out a 1.5 hose and suck shit all day !!
  16. Jimmy L
    Jimmy L

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    Thinking way ahead on this idea. Should I run a special something like this?

    3 piles for $3............small print would say , Any pile over 3 inches would be considered 2 piles
  17. Mark Saiger
    Mark Saiger

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    You better up your game pardner.... :lol:

    (and your price! :rockon:)

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  18. Cleanworks
    Cleanworks

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    It's a shitty business.
  19. Desk Jockey
    Desk Jockey

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    As usual Saiger got the jump on you James! :biggrin:
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  20. Mark Saiger
    Mark Saiger

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    :biggrin:

    :stir:

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