gimmeagig
Member
I took my first class last weekend and I talked to my instructor Sherman Guffy about what my financial goals are in this business.
He said something that surprized me.He said that I can expect to make 100.- per hour and out of that a typical profit might be 25.-
Does that sound right? I realize that I have expenses, like insurance, advertizing,discounts,supplys, gas,repairs,education,phonebills......I'm sure I forgot something. But I was thinking my profit would be higher than 25%.
A good thing is that I won't have any payments on my truck and the tools.But I suppose I have to put money away for that big Vortex that I'm going to buy next (just kidding).
But seriously,I'm not trying to make a killing but I was hoping I would be able to net about 35000.- to 40000.- a year.At 25% that would mean 160000 in sales.I don't think I'll be able to do that.
So here's my question.What percentage of your income is your actual profit.Is it possible I might have misunderstood Sherman?
He said something that surprized me.He said that I can expect to make 100.- per hour and out of that a typical profit might be 25.-
Does that sound right? I realize that I have expenses, like insurance, advertizing,discounts,supplys, gas,repairs,education,phonebills......I'm sure I forgot something. But I was thinking my profit would be higher than 25%.
A good thing is that I won't have any payments on my truck and the tools.But I suppose I have to put money away for that big Vortex that I'm going to buy next (just kidding).
But seriously,I'm not trying to make a killing but I was hoping I would be able to net about 35000.- to 40000.- a year.At 25% that would mean 160000 in sales.I don't think I'll be able to do that.
So here's my question.What percentage of your income is your actual profit.Is it possible I might have misunderstood Sherman?