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$140,000 to build a company
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Devon View Drop Down
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Joined: 26/September/2008
Location: Oklahoma
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Points: 11 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Devon Quote  Post ReplyReply Direct Link To This Post Topic: $140,000 to build a company
    Posted: 26/September/2008 at 2:46pm
I would like to see how you guys would build a new company with $140,000 to invest into it.....from equipment to advertising.(mostly residential w/some comm.)
 
 
I will go ahead and take this time to say "Hi" and Im new here but not to carpet cleaning....I've been into it for 24yrs and about 4yrs ago sold out....big mistake! I had three vans running and also did air duct cleaning....it was a good company and I miss the workout with the good income, plus it's in my blood....I'm getting back into it and wanted to see what may have changed in 4 yrs and how you would reload a new company.
 
Thanks for your input.
 
DevonWink
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Devon View Drop Down
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Joined: 26/September/2008
Location: Oklahoma
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Points: 11 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Devon Quote  Post ReplyReply Direct Link To This Post Posted: 26/September/2008 at 3:09pm
Note.....I would like to do water damage as well but mainly focus on the cleaning of carpets.
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doug View Drop Down
King of the One Liners
King of the One Liners

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Joined: 31/January/2004
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Points: 32711 		Post Options Post Options   Thanks (0) Thanks(0)   Quote doug Quote  Post ReplyReply Direct Link To This Post Posted: 27/September/2008 at 9:49am
I hope who ever you sold to had you sign a non compete closs so you will not be starting backup in the same location and takeing back all the business he already paid you for??
Just My opinion
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Devon View Drop Down
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Joined: 26/September/2008
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Points: 11 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Devon Quote  Post ReplyReply Direct Link To This Post Posted: 27/September/2008 at 12:00pm
Nope!....never signed one!
 
besides it was my brother who I sold it to and he has since moved the company to another state, And is doing very good with it.
 
So do you have any input on the actual question?
 
I have $140,000 and Im going to start up again ....Its what I do best and enjoy the most.
 
I would like to see how others would proceed to launch a new company from buying new equipment (what kind) to advertising (in what and how much) to hiring staff etc.
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Devon View Drop Down
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Joined: 26/September/2008
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Points: 11 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Devon Quote  Post ReplyReply Direct Link To This Post Posted: 29/September/2008 at 4:19pm

Hey people!.....this isnt a test. Cursing lets see how you would start a new gig.....what would you do different? how would you start over if everything was all the sudden gone?Cheers
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doug View Drop Down
King of the One Liners
King of the One Liners

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Points: 32711 		Post Options Post Options   Thanks (0) Thanks(0)   Quote doug Quote  Post ReplyReply Direct Link To This Post Posted: 29/September/2008 at 4:39pm
Give the money to Steamer to invest for ya???
Just My opinion
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cmaster View Drop Down
IICRC Instigator
IICRC Instigator


Joined: 29/January/2004
Location: Canada
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Points: 29693 		Post Options Post Options   Thanks (0) Thanks(0)   Quote cmaster Quote  Post ReplyReply Direct Link To This Post Posted: 29/September/2008 at 8:11pm
Originally posted by doug doug wrote:

Give the money to Steamer to invest for ya???
 
Probably make more than a cc'ing bizLOL

The STD Meter
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Devon View Drop Down
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Joined: 26/September/2008
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Points: 11 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Devon Quote  Post ReplyReply Direct Link To This Post Posted: 29/September/2008 at 9:36pm
 Is this to tough for you guys?Head%20Bat 
 
Im not looking for an investor.....I "was" interested in your thoughts.....but for some reason it passed.
 
Thanks,
 Devon 
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MR. STEAMER View Drop Down
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Only in the GTA

Joined: 03/March/2004
Location: Canada
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Points: 14549 		Post Options Post Options   Thanks (0) Thanks(0)   Quote MR. STEAMER Quote  Post ReplyReply Direct Link To This Post Posted: 29/September/2008 at 10:04pm
140 thou to invest ...and you're going to do carpet cleaning????
 
Why do you need that much money??
 
It's hard to give anyone directions on how to build a business.....things that work for me won't work for you.
 
whats your population like?
how many directories are there in your area?
what are you looking to buy??? portable or truckmount
 
more details
 
www.mr-steamer.com
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Devon View Drop Down
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Joined: 26/September/2008
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Points: 11 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Devon Quote  Post ReplyReply Direct Link To This Post Posted: 29/September/2008 at 10:44pm

Yes Im going into carpet cleaning.

I dont need that much money.
 
I didnt ask for directions .....just a simple question on how YOU would do it based on the $$$$ amount.
 
Population??? assume its in your area.
Directories??? assume its in your area.
Portable or truckmount??? assume its your choice.
KEY word here is "YOU"!
 
I left details out for a reason......just work with me on this.
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MR. STEAMER View Drop Down
True Patriot
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Only in the GTA

Joined: 03/March/2004
Location: Canada
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Points: 14549 		Post Options Post Options   Thanks (0) Thanks(0)   Quote MR. STEAMER Quote  Post ReplyReply Direct Link To This Post Posted: 29/September/2008 at 11:08pm
First incorp the business...
 
lease 2 brand new trucks  put no more down than $5000 on each
buy a portable
buy a low moisture machine ie cimex/op
buy a few blowers
 
to kick off advertise advertise advertise  val pak, yellow pages, flyers, news paper
you need to have something going out at least once a month
 
make sure you have someone to answer your phones...from at least 9am-9pm
 
buy chemicals
 
put at least 90k back in the bank
www.mr-steamer.com
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danmarck82 View Drop Down
Carpet Cleaning Specialist
Carpet Cleaning Specialist


Joined: 08/February/2004
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Points: 618 		Post Options Post Options   Thanks (0) Thanks(0)   Quote danmarck82 Quote  Post ReplyReply Direct Link To This Post Posted: 30/September/2008 at 12:12am
Being you said you sold it to your brother I would be tempted to ask him for your old customer data base, starting with that I would write a personal letter to all the customers and lay pure honesty on them .... Prodigal Son style. You left.....you realized that you love the business of cleaning their carpets and want to know if they will give you a chance to prove your enthusiasm and rededication of your commitment to them.

The        " I'm Back.........! but with new equipment and a new mission..... to be their carpet professional."

As far as equipment. This is always subjective. but being you asked what I would do. I would buy a good refurbished Butler unit. Because I know the quality that Butler puts into their refurbished units first hand.

Then build you business up one relationship at a time and if things take off.... Go new butlers or a Vortek
if Enough Commercial Volume is in your business Mix .


Just My Opinion .....
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Devon View Drop Down
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Joined: 26/September/2008
Location: Oklahoma
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Points: 11 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Devon Quote  Post ReplyReply Direct Link To This Post Posted: 30/September/2008 at 2:15am
Now were getting somewhere......I will listen to some more scenarios and then tell you guys whats up.
 
 
Thanks!
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danmarck82 View Drop Down
Carpet Cleaning Specialist
Carpet Cleaning Specialist


Joined: 08/February/2004
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Points: 618 		Post Options Post Options   Thanks (0) Thanks(0)   Quote danmarck82 Quote  Post ReplyReply Direct Link To This Post Posted: 04/October/2008 at 12:53am
What's up??
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