I posted about this is one of the other subs and they mentioned it I should post about it here so I can update everyone and discuss execution.
My cousin started a mobile auto glass business 12 years ago. He has grown it into a six-figure business by word-of-mouth and providing a valuable service at a lower price than everyone else. It also helps he does the work at people's home, work, the mall, or wherever else. I built him a website late last year along with setting up all his social media and online directory stuff like Google Maps. It didn't take long for him to have to hire 2 new part-time techs to handle more business.
He has been begging me for 3 years to help him grow it and I always shrugged him off because he doesn't have a lot of business sense. But, I sat down with him and went over all his financials and we discussed potential and I realized there is a potential goldmine here. People always need new windshields, door windows, side mirrors, etc. He built a six-figure business just by going out and providing value to people. He didn't even try to grow it. He started with $70 and a mismatched colored Ford Ranger. He now has 2 full-time trucks, 2 part-time techs and just got a cargo van to have another. I had another offer on the table for another wage slave job but I am taking the jump to do this. He is paying me a salary for now but he is going to pay me in equity and profits if we are successful. This may very well be my Path to the Fastlane.
Today was my first day on the job so I don't have a lot to update and don't have a lot of knowledge but I thought I would post about some of my plans.
1. Our main goal in the immediate short-time is to take us from an average of 35 jobs per day to 50 jobs per day.
2. I am working on setting up all online profiles and steady social media posts on Twitter, Facebook, and maybe Instagram (I've never used it - thoughts?)
3. We signed up for a network that allows us to take insurance jobs. Previously, he cashed jobs as he charges $150 to $200 for most windows. He charges $100 more than the glass cost on any job.
4. He does all jobs for two major car dealers, two fleet places, and some mechanic and body shops. Once I know enough to discuss the business, I will call and visiting every place I can to get more business.
Long-Term
1. Expand to other cities but getting jobs and farming out to other techs in the area. We get jobs from some bigger companies this way. No reason we can't do it too. Some places don't even have any techs at all. They take orders, buy the glass and send the jobs to people like us. The make money simply by connecting the consumer to the provider. We want to be that company.
2. Increase valuation to where we can sell and move onto other projects. We discussed that number being $5 million. He got an offer for several hundred thousand a couple of years ago. The big guys don't like when the small guys get too big.
This is all I know right now. I will post more next week. Thoughts, ideas, questions, and concerns are more than welcome.
I am thoroughly enjoying this forum so far and everyone has been encouraging and welcoming. So thank you to everyone.
My cousin started a mobile auto glass business 12 years ago. He has grown it into a six-figure business by word-of-mouth and providing a valuable service at a lower price than everyone else. It also helps he does the work at people's home, work, the mall, or wherever else. I built him a website late last year along with setting up all his social media and online directory stuff like Google Maps. It didn't take long for him to have to hire 2 new part-time techs to handle more business.
He has been begging me for 3 years to help him grow it and I always shrugged him off because he doesn't have a lot of business sense. But, I sat down with him and went over all his financials and we discussed potential and I realized there is a potential goldmine here. People always need new windshields, door windows, side mirrors, etc. He built a six-figure business just by going out and providing value to people. He didn't even try to grow it. He started with $70 and a mismatched colored Ford Ranger. He now has 2 full-time trucks, 2 part-time techs and just got a cargo van to have another. I had another offer on the table for another wage slave job but I am taking the jump to do this. He is paying me a salary for now but he is going to pay me in equity and profits if we are successful. This may very well be my Path to the Fastlane.
Today was my first day on the job so I don't have a lot to update and don't have a lot of knowledge but I thought I would post about some of my plans.
1. Our main goal in the immediate short-time is to take us from an average of 35 jobs per day to 50 jobs per day.
2. I am working on setting up all online profiles and steady social media posts on Twitter, Facebook, and maybe Instagram (I've never used it - thoughts?)
3. We signed up for a network that allows us to take insurance jobs. Previously, he cashed jobs as he charges $150 to $200 for most windows. He charges $100 more than the glass cost on any job.
4. He does all jobs for two major car dealers, two fleet places, and some mechanic and body shops. Once I know enough to discuss the business, I will call and visiting every place I can to get more business.
Long-Term
1. Expand to other cities but getting jobs and farming out to other techs in the area. We get jobs from some bigger companies this way. No reason we can't do it too. Some places don't even have any techs at all. They take orders, buy the glass and send the jobs to people like us. The make money simply by connecting the consumer to the provider. We want to be that company.
2. Increase valuation to where we can sell and move onto other projects. We discussed that number being $5 million. He got an offer for several hundred thousand a couple of years ago. The big guys don't like when the small guys get too big.
This is all I know right now. I will post more next week. Thoughts, ideas, questions, and concerns are more than welcome.
I am thoroughly enjoying this forum so far and everyone has been encouraging and welcoming. So thank you to everyone.
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