As a photographer looking for a workspace this video was solid gold. Stuff
is just cut-throat. Sadly not many people contacting you to do work for
them understand the way that tools (in one profession or another) and
rented space has to be payed. Everyone thinks they are the special-case
that gets a special price. By the sound of this and your earlyer work here
in youtube I get a feeling you’r a 100% great guy, and I’m a fan of that.
Cars as a business get a bad rap for people that are less and do a crappy
job. Wouldn’t mind you as a neighbour, even with the sundaynight compressor
orchestra. :)
You did a pretty good job explaining a self employed financial view and how
things work but its hard for the working Joe to understand.They are used to
a lump of money and is easier to budget when you know that lump is
coming.Im familiar with both i currently have a small welding shop slash
construction,farm equipment paint shop in Ohio.Im sure your familiar with
the when it rains it pours,Its definetly a fly by the seat of your pants
and alot of robbing Peter to pay Paul paying bills not customers.It is
kinda of a patience tester when your trying to give some one a break and
their still trying to break your balls on the price.Thats when i run them
out of my shop.Because it never fails you can give those type a people a
110% job and they will still bitch cause not the quality of your work but
because their shelling out their money.I do know that I could not work for
some one ever again as far as a 9 to 5.Been working on my own for 10 years
and i like being in control even though sometimes it can get a little
harry. Enjoy your videos learned quite a bit .thanks PAUL
Excellent advise. I have a totally different kind of business, but the
same rules apply. Except, I do have loans and credit cards to fit in to
that equation.
How I do it is Some jobs I have a set price for. All the other jobs are
$75 an hour. Im in California. Im not sure if the rates are different in
New York. All my customers think Im rich. Then I tell them Im broke
because in the 6 years I’ve been doing this I’ve spent almost every dime
I’ve made buying tools and Equipment.
I usually do around 20-30% of what I make goes back into the shop. So if I
do a $2500 job. $500-$750 goes back into the shop for materials. depending
on what I use while doing that job
Question is how can a someone trust the bodyman? Did he charge for 1 gallon
of base color or 1 pint? Did he charge for a salvaged body panel or just
had one laying around? Did he charge for the glass company to install the
windshield or put it in himself? I have a degree in autobody/collision
repair and the shop i go to knows about me and they still screwed me when
they painted the one side of my car without metallic and the other side has
it factory!
Can I bring Mrs CW’s Monza back now, and get it done rite??? And the SF Sub
still gleams, and the Weasel is still a beaut! You’re a true Gem of a
friend
i’d come help you if i was close for free or maybe throw in some grub or a
few beers. The educational experience alone would be worth it. I bet you
could score a local kid in high school in auto shop thats willing to do
apprentice work…thats what i did in high school…worked for a man that
taught me all the tricks on the trade for welding/metal fab and machining
over a summer. I worked for free all summer…his wife would drop off
dinner at the shop. When i stopped working for him when school started back
up…he cut me a check for 3500 bucks and i wound up buying my first car
with it… a 1967 Buick Skylark GS 340 for 1500 (1988 dollars)…then i
gave the rest to my folks.
Great advice Shawn. I’m 22 and have all the paperwork in line to start a
small engine repair shop out of the pole bld behind our house. If all goes
well I’d like to upgrade to an actual shop. I don’t have a ton of overhead
with the bld behind the house so it is great to get started. Keep up the
good work
I know what you’re saying about the mustang and F250, those kind of jobs
can end up sitting, they get overwhelming because of the amount of work
involved. My advice is to just set small goals and don’t look at the big
picture, get a fender ready one day, get a door ready the next day, then a
hood or whatever, just break it down into smaller jobs and before you know
it, it will be done. Live and Learn, sucks learning the hard way but I know
all about that too. Have a good one!
I own my own business. And I could tell you that does not matter what your
business is, it is all the same. I’m a professional DJ. And work on
weddings most of the time. But everything you said in the video whole truth
in every person who owns a small business. Most of our customers do not
think what we have to do to make a business run everyday. This is why I
love watching your channel. You’re down to earth guy and you’re a real
person. I’m going to share this video on my business Facebook page for
others to see.
I must agree with two things up front…(1) be honest in every aspect of
business if you intend to stay in business and (2) be extremely
diligent about assessing the true cost of doing business before you make
that leap!!! I appreciate watching your channel as a part-time auto body
guy (home garage thing for the bodywork, paint on an Air Force Base). I
also do other things and would add one more thing for those who want to
start a business (you talked about it a little indirectly)….DO NOT
GUARANTEE MORE WORK THAN YOU CAN PHYSICALLY OR FINANCIALLY DELIVER. I know
everyone wants to grow their business, but there’s a reason we have “small
businesses” in this country predominately!!! Sorry for taking up so much
space on your channel.
I figured it up and my shop has to clear 30 dollars every hour it’s open.
That is the cost of our expenses. That is stupid low overhead, yet having
just moved and established a real shop it is still tough to come by day in
day out.
Well put Boss. The reason I got into this was because I was tired of
running around chasing construction work and trying to please homeowners.
Doing work for a customer to me is the worst way about it. Why work for 18
an hour and have to please a customer when i can go out and buy a 2500
truck, spend 500 materials and a week labor, and flip for 5 grand and make
50 an hour. That’s what i love about it. Making your own work. It’s like
you determine how much you will make per hour when you pic and buy a
flipper.
For the 2 vehicles just sitting there for a long time, Can’t you just
allocate like 30 minutes once in a while to get them done? Just do a little
at a time. Who knows, once you start the job/s you might not want to stop
till it’s done.
Don’t beat yourself up Shawn, nobody has lessons on how to be a good son,
husband, father, or whatever relationship. You are very realistic with
your good advice. Maybe I think you are not charging enough for your work.
I suspect that a cheaper price will put you under more pressure, and not
make you enough to run on those side jobs. You maybe should charge more, if
you get negative feeds on your pricing, you can offer a quick job, and a
good job. Don’t run yourself into the ground, it’s not worth it. What are
you worth? The jobs I have seen you do and how fast you do them, surely
puts you in the top class of your trade. (Hey have you packed in smoking
yet?
All the very best,
Gram
excellent advice in this video and really helpful because I am looking into
starting my own business but the thought of additional expenses just makes
me nervous but to say I am my own boss is the reward and no big
corporations to tell me what to do..thanks for the video gonna be really
helpful if I decide to take the leap into business ownership and I agree
never get a loan because then all profit goes to the bank…again thanks
for the advice much appreciated
Hey you do the best you can,help who you can,cut your losses if you have
to,and remember you can’t take it with you.We just do our time here,and
what you do depends on you and what kind of character you have.
nice video, so true!
As a photographer looking for a workspace this video was solid gold. Stuff
is just cut-throat. Sadly not many people contacting you to do work for
them understand the way that tools (in one profession or another) and
rented space has to be payed. Everyone thinks they are the special-case
that gets a special price. By the sound of this and your earlyer work here
in youtube I get a feeling you’r a 100% great guy, and I’m a fan of that.
Cars as a business get a bad rap for people that are less and do a crappy
job. Wouldn’t mind you as a neighbour, even with the sundaynight compressor
orchestra. :)
You did a pretty good job explaining a self employed financial view and how
things work but its hard for the working Joe to understand.They are used to
a lump of money and is easier to budget when you know that lump is
coming.Im familiar with both i currently have a small welding shop slash
construction,farm equipment paint shop in Ohio.Im sure your familiar with
the when it rains it pours,Its definetly a fly by the seat of your pants
and alot of robbing Peter to pay Paul paying bills not customers.It is
kinda of a patience tester when your trying to give some one a break and
their still trying to break your balls on the price.Thats when i run them
out of my shop.Because it never fails you can give those type a people a
110% job and they will still bitch cause not the quality of your work but
because their shelling out their money.I do know that I could not work for
some one ever again as far as a 9 to 5.Been working on my own for 10 years
and i like being in control even though sometimes it can get a little
harry. Enjoy your videos learned quite a bit .thanks PAUL
Excellent advise. I have a totally different kind of business, but the
same rules apply. Except, I do have loans and credit cards to fit in to
that equation.
How I do it is Some jobs I have a set price for. All the other jobs are
$75 an hour. Im in California. Im not sure if the rates are different in
New York. All my customers think Im rich. Then I tell them Im broke
because in the 6 years I’ve been doing this I’ve spent almost every dime
I’ve made buying tools and Equipment.
I usually do around 20-30% of what I make goes back into the shop. So if I
do a $2500 job. $500-$750 goes back into the shop for materials. depending
on what I use while doing that job
venture capital is a must…
Great advice !!
I wouldn’t give out your phone number, just satin’
Just sayin’, oops
Question is how can a someone trust the bodyman? Did he charge for 1 gallon
of base color or 1 pint? Did he charge for a salvaged body panel or just
had one laying around? Did he charge for the glass company to install the
windshield or put it in himself? I have a degree in autobody/collision
repair and the shop i go to knows about me and they still screwed me when
they painted the one side of my car without metallic and the other side has
it factory!
Can I bring Mrs CW’s Monza back now, and get it done rite??? And the SF Sub
still gleams, and the Weasel is still a beaut! You’re a true Gem of a
friend
i’d come help you if i was close for free or maybe throw in some grub or a
few beers. The educational experience alone would be worth it. I bet you
could score a local kid in high school in auto shop thats willing to do
apprentice work…thats what i did in high school…worked for a man that
taught me all the tricks on the trade for welding/metal fab and machining
over a summer. I worked for free all summer…his wife would drop off
dinner at the shop. When i stopped working for him when school started back
up…he cut me a check for 3500 bucks and i wound up buying my first car
with it… a 1967 Buick Skylark GS 340 for 1500 (1988 dollars)…then i
gave the rest to my folks.
Great advice Shawn. I’m 22 and have all the paperwork in line to start a
small engine repair shop out of the pole bld behind our house. If all goes
well I’d like to upgrade to an actual shop. I don’t have a ton of overhead
with the bld behind the house so it is great to get started. Keep up the
good work
I know what you’re saying about the mustang and F250, those kind of jobs
can end up sitting, they get overwhelming because of the amount of work
involved. My advice is to just set small goals and don’t look at the big
picture, get a fender ready one day, get a door ready the next day, then a
hood or whatever, just break it down into smaller jobs and before you know
it, it will be done. Live and Learn, sucks learning the hard way but I know
all about that too. Have a good one!
I own my own business. And I could tell you that does not matter what your
business is, it is all the same. I’m a professional DJ. And work on
weddings most of the time. But everything you said in the video whole truth
in every person who owns a small business. Most of our customers do not
think what we have to do to make a business run everyday. This is why I
love watching your channel. You’re down to earth guy and you’re a real
person. I’m going to share this video on my business Facebook page for
others to see.
You have forgotten to mention to hold back money for taxes. They will get
a chunk as always.
I must agree with two things up front…(1) be honest in every aspect of
business if you intend to stay in business and (2) be extremely
diligent about assessing the true cost of doing business before you make
that leap!!! I appreciate watching your channel as a part-time auto body
guy (home garage thing for the bodywork, paint on an Air Force Base). I
also do other things and would add one more thing for those who want to
start a business (you talked about it a little indirectly)….DO NOT
GUARANTEE MORE WORK THAN YOU CAN PHYSICALLY OR FINANCIALLY DELIVER. I know
everyone wants to grow their business, but there’s a reason we have “small
businesses” in this country predominately!!! Sorry for taking up so much
space on your channel.
I figured it up and my shop has to clear 30 dollars every hour it’s open.
That is the cost of our expenses. That is stupid low overhead, yet having
just moved and established a real shop it is still tough to come by day in
day out.
Well put Boss. The reason I got into this was because I was tired of
running around chasing construction work and trying to please homeowners.
Doing work for a customer to me is the worst way about it. Why work for 18
an hour and have to please a customer when i can go out and buy a 2500
truck, spend 500 materials and a week labor, and flip for 5 grand and make
50 an hour. That’s what i love about it. Making your own work. It’s like
you determine how much you will make per hour when you pic and buy a
flipper.
For the 2 vehicles just sitting there for a long time, Can’t you just
allocate like 30 minutes once in a while to get them done? Just do a little
at a time. Who knows, once you start the job/s you might not want to stop
till it’s done.
Don’t beat yourself up Shawn, nobody has lessons on how to be a good son,
husband, father, or whatever relationship. You are very realistic with
your good advice. Maybe I think you are not charging enough for your work.
I suspect that a cheaper price will put you under more pressure, and not
make you enough to run on those side jobs. You maybe should charge more, if
you get negative feeds on your pricing, you can offer a quick job, and a
good job. Don’t run yourself into the ground, it’s not worth it. What are
you worth? The jobs I have seen you do and how fast you do them, surely
puts you in the top class of your trade. (Hey have you packed in smoking
yet?
All the very best,
Gram
excellent advice in this video and really helpful because I am looking into
starting my own business but the thought of additional expenses just makes
me nervous but to say I am my own boss is the reward and no big
corporations to tell me what to do..thanks for the video gonna be really
helpful if I decide to take the leap into business ownership and I agree
never get a loan because then all profit goes to the bank…again thanks
for the advice much appreciated
Hey you do the best you can,help who you can,cut your losses if you have
to,and remember you can’t take it with you.We just do our time here,and
what you do depends on you and what kind of character you have.