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Old 01-02-2019, 02:46 PM   #1
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Default New business plan

It’s a bit of reading, but quite interesting. Click on the link and let me know what you think?
http://ithoughtso.net/id16.html
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Old 01-02-2019, 03:10 PM   #2
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Bravo, that sums it up for a lot of them!
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Old 01-02-2019, 04:11 PM   #3
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sadly thats how many businesses make good money.....and for long periods of time...
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Old 01-02-2019, 09:19 PM   #4
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Sadly that is the basis of R.R. Corp.
but the stock holders get their dividends
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Old 01-08-2019, 02:40 PM   #5
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Not an unknown model for a plumbing company unfortunately. The good news is that it is becoming harder and harder to pull off this model. Customer reviews on Facebook, Google, and Yelp are punching through and giving potential customers insight into companies with these shady tactics. At Aces, where we rely on customer satisfaction and customer referrals, we love 3rd party reviews.

Thanks for sharing this but I think it is slowly going the way of the dinosaur...as least I hope it is!

Tracy
Aces Four Construction of Seattle
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Old 01-08-2019, 06:12 PM   #6
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That is the almost exact business model to the letter of the first company I worked for. Only difference is I had to use my own truck, my own tools, my own gas, use my own cell phone (or use the customer’s phone or a pay phone), and rent the machines and pager from the company. Six days on (two of which, back to back 24hr on call) then two days off. If you got a back call, they offer it to you to do for free, of course, or send someone else and charge you $65/hr. This rule even applied for your days off. After two weeks at minimum wage training, you were sent out on your own.

We got two checks. One for 10% tax free (for tools/gas/ vehicle use for schl c)and a ladder of commission depending on how much you made during each day starting at 15% to 24% on labor.

There were weeks I made bank! There were weeks I made enough for gas and a hot dog a day. I had become known as someone who could fix anything so I got more jobs and fixing other’s back calls. Thinking back, knowing what I know now.... I’m extremely embarrassed about my hack master work!

Finally decided to move on when I made $1.41 after gas one day. That company made me want to never work in the plumbing trade ever again!
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Old 01-08-2019, 07:01 PM   #7
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Quote:
Originally Posted by acesfour View Post
Not an unknown model for a plumbing company unfortunately. The good news is that it is becoming harder and harder to pull off this model. Customer reviews on Facebook, Google, and Yelp are punching through and giving potential customers insight into companies with these shady tactics. At Aces, where we rely on customer satisfaction and customer referrals, we love 3rd party reviews.

Thanks for sharing this but I think it is slowly going the way of the dinosaur...as least I hope it is!

Tracy
Aces Four Construction of Seattle
I don't think so, the biggest plumbing company in town gets most of the calls even if they have bad reviews and unhappy customers. They get most of the jobs because they are on top of the ads. I've had 7% of all my customers this year who hired them previously got really crappy service, backwards installs that had sewer back up and flood and ruin complete basements with raw sewage. Just today, they played the repipe con to the street game to this old man and improperly piped inside the house and exposing him with future sewer backups. Guess what, those customers didn't leave a bad review!

You know what else, they just bought a bigger shop to accomodate more employees, more trucks and more profit.
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