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New, Used, or Lease? And WHEN?
As a small business owner it has been nothing short of challenging to build a business from nothing. I came from nothing and have built this thing from the ground up. I didn't have a lot of money. When I first started I couldn't afford company vehicles. I eventually bought used vehicles in the $20K-$30K range and financed them and that was fine until I unexpectedly slowed down and had to sell off my trucks just to survive. Once I rebuilt from the slow down I decided to buy used vans around $9K to $10K cash. Right now I have 6 vehicles. One of those vehicles needs major work done. And the others are all 100K miles or more and I feel like they are just ticking time bombs. I want the reliability of newer, or leased vehicles but the risk intimidates me after my struggles in 2022. Is there a formula for when you should go from paying cash for used, to financing newer/new, and to finally leasing? Is there a revenue metric, a number of vehicles in your fleet, or some other sign that going one route over the other is more advantageous or less risky? Thanks for taking the time to read this and share feedback!Best ways to track material costs?
Tracking material costs in the electrical contracting industry is critical because supply prices (wire, conduit, breakers, panels, etc.) fluctuate frequently due to market demand, copper prices, and supply chain changes. A strong system protects profit margins, improves estimating accuracy, and helps maintain consistent pricing for customers. How does your company keep track?Is anyone finding it hard to get a cap cover for their pickup?
I have been looking into getting a cover for the bed of my truck and a lot of places here in Toronto are saying their inventory is gone! And it will likely be a year before any new ones come in. Even used ones are being bought up for resale or even modified to fit the more popular trucks. Has anyone been looking for one and found the same supply issues?Share your best Tool experience
Hi guys im new to jobber did the 14 trial and signed up to use it and so far i love it. Still alot to learn. I am the owner of Greenwood Property Solutions in the Hampton Roads, Virginia Area. And i want to hear about everyones tool experience in the business. Crawlspace Cleanouts JunkHauling and Debris Handyman Jobs I currently use Milwaukee and Dewalt tools right now. I am looking at possibly purchasing a fence post puller cause im trying to add fences but im 40 and trying to save my back. what are great brands i could use. also dump trailers wants a great one to auto dump i currently drive a 2024 chevy 1500 RST. im trying to think smart and stay healthy while running a business.
