For me, it's just business. My net has skyrocketed since going VLM nearly 12 years ago.
VLM, it's a big problem solver in this industry.
The problem was documented in a cleanfax survey of cleaners: The average carpet cleaner nets about $40,000 a year.
Be in love with your method or truck mount all you want. In most major cities $40,000 is a poverty income. Where I live it will qualify you for subsidized housing and free school lunches for your child. You can't have a retirement plan or even health insurance (that is worth having) on 40 grand a year. You can't be a homeowner (in most parts of the country) unless you like living in the ghetto. Frankly most truck mounted HWE cleaners I know are making a wage and not much else. Their wife has to work after owning a business for 10-15 years so they can afford health insurance and make a house payment. Sorry guys but that is pretty pathetic when compared to just about any other industry. If you think selling your business someday will fund your retirement, please rethink that retirement plan.
While our industry has become obsessed with equipment/method and that magical phrase " I regularly generate $150-$200 an hour", those in other businesses actually focus on net income. They build real businesses, have health insurance, retirement plans and you can't do that on $40,000 a year. That is why you have a 25% annual failure rate in this industry.
VLM offers this industry low capital start up and very high returns. Truck Mounted hot water extraction offers this industry high start up costs, huge repair and maintenance costs and a low paying "job" in most cases. Believe me, low moisture isn't going away. It's gaining "steam" and you will be seeing it in the residential environment more and more. Many of your new competitors will be VLM based. You may think that gives the HWE guy an advantage, it doesn't. They will run rings around most of you guys, make more money, invest in other industries, fund their retirement and end up with something. There is nothing worse than a 55-65 year old guy that is still pushing a wand because he has to and if he is pushing the wand at that age, he has to.