Seems like they just needed some guidance and a boost of motivation. He seems like a good dude and his wife seems like a real quality woman. Lots to be thankful for here. Good luck to you guys!
This is exactly why I advise people to avoid debt in this business, there's a lot of UA-cam videos about making money, but people don't realize the risk/reward of debt, it can go bad quickly. Glad Mike was able to get them moving in the right direction, great work by all.
It’s either debt to the bank at x% or paying your saving account back at 0%. Taking on low cost debt will allow most to scale quicker with revenue outpacing organic growth.
@@FrankKriticos hundreds of dumpsters, 8 paid for trucks, debt is not your friend. We had 800k of trucks coming in when the gov of PA shut construction down. Imagine having to lay those notes when reduced income. Debt ALWAYS comes with risk. Everyone can run their business how they want, but a business won't go bankrupt if it's not in debt.
@@DavidGeppertRecycling i don’t disagree however if things get bad would you rather owe money to a bank and not have cash on hand? There’s no correct way but there’s a reason why wealthy people put mortgages on their homes. What it really comes down to is discipline.
@@FrankKriticos I'd rather not owe, and have cash. Our trucks do not leave the yard to break even, they only leave the yard to profit. Since they're paid for they can sit, even the newest 2024s. It's liberating to not chase payments.
Solid information from Mike and my two cents is: 1. Someone to do full time sales on a commission basis where they get paid commission for the life of the customer. 2. Since he is a disabled veteran, local, state, federal governments and NGO's give preferential consideration, contact them! Remember this, EVERY BUSINESS STAYS ALIVE BECAUSE OF SALES! SO, SELL, SELL,SELL, SELL, SELL!!!!!!!!!!!!!!
These 2 husband and wife have more then money. No matter what they tackle each day together and like my father taught me was "" never quit "". God bless there beautiful family. Hang in there, just hang in there brother
I’m a GC and spend many thousands a year on dumpsters. If they can hook up with just a few roofers or contractors they will fill those dumpsters super fast.
Was watching this talking about selling their hook lift and dumpsters and I was screaming thats the wrong move. Was very happy when Mike flipped that around. Free up the wife by getting rid of the junk removal and the husband can just sit in the hook lift truck doing dumpsters. If you need cash flow sell the box truck and maybe a few dumpsters to get out of that loan.
This is my first video of yours but I got through the video and your advice was 1.) Give the dumpsters for free so they're not sitting on site 2.) Target contractors (how??) 3.) Get your dumpsters on people’s properties (how?) I’m excited to dive into some of your videos 3.)
Drive around when you see a house being remodeled ask for the name of the company, google them and call or ask an employee for the # not that hard to find contractors, just have to spend a couple hours a day driving around or maybe google house remodeling businesses, roof replacement/repairs or mitigation companies and call them 1 by 1
@MikeAndes - 50th! The most important action the business was willing to do... listen to your suggestions and take action of doing things differently! Change sucks... however when things are not working, change is very much required! Yea! 🍀🙀🌟🏆 😇
You have to vet your hires better and work on creating systems that reward hard work. That’s what I did and I had guys calling me after I decided to go solo asking if I would take on more work so they could come back
Probably not really Dot numbers require pretty high insurance rates, 7 mpg in that truck and waste managements lowest rate in my area is $1000 and they own the dump I'm glad this guy is taking his cut from them
Poor guy doesn't even know the numbers only if he loses the truck then his house is gone also. I'm from suburbs of NYC and I have seen so many guys start a pressure washer company or a replacement window business and they loose the companies and owe the bank half million bucks and they have no credit O.
Hey mike im a 13 year old starting my landscaping business so as you can imagine without being over 18 its hard to get most things needed for a business and in my first week my phone got broke,my google voice number got deactivated,and my google business got denied and now i have to change my name and create all new everything i have 1 recurring client giving me $90/mo my dad owns his own business that he wants me to take over but its already failing and in year 3 he only has 6 clients do you have any advice for me?
I wouldn't listen to the first comment, they're a troll. If your dad's business is already failing, maybe I'd stick with your own thing, and just do easy stuff there's no age restriction on to advertise. Print flyers and put em up everywhere, SLAM social media with ads EVERY DAY. Facebook, Nextdoor, whatever free apps you can get and advertise to your town. You can get word far and wide pretty easily. Would probably have to stick with cash in hand until you're 18, but keep good records for tax time in case you make enough
Why the hell did they buy so much equipment???? First rule of business is keep the overhead low, you don’t need a bunch of shiny and fancy equipment. I would remove the guy from making any future business decisions.
Well first wife should get a job outside the business. More security, and you can pay a cheap helper. Sell the izzuzo and 1/2 dumpsters. And you would be dept free
first ten minutes of the video...I don't think getting rid of dumpsters is the answer. He needs to SELL his service. Go talk to as many contractors as possible.
So he's 100% disabled but yet he's working everyday moving furniture, climbing up and down in a truck delivering dumpsters stuff like that correct? I'm sorry he didn't look too disabled to me
Mike the fact that you never get hate in your comments is a testament to your status. Strong work fella!
@@Connor_Sell no cuz he's lazy
Seems like they just needed some guidance and a boost of motivation. He seems like a good dude and his wife seems like a real quality woman. Lots to be thankful for here. Good luck to you guys!
That woman is the woman every man dreams of brother regardless of the business you succeeded in what really matter🎉🎉
This is exactly why I advise people to avoid debt in this business, there's a lot of UA-cam videos about making money, but people don't realize the risk/reward of debt, it can go bad quickly.
Glad Mike was able to get them moving in the right direction, great work by all.
It’s either debt to the bank at x% or paying your saving account back at 0%. Taking on low cost debt will allow most to scale quicker with revenue outpacing organic growth.
@@FrankKriticos hundreds of dumpsters, 8 paid for trucks, debt is not your friend. We had 800k of trucks coming in when the gov of PA shut construction down. Imagine having to lay those notes when reduced income. Debt ALWAYS comes with risk. Everyone can run their business how they want, but a business won't go bankrupt if it's not in debt.
@@DavidGeppertRecycling i don’t disagree however if things get bad would you rather owe money to a bank and not have cash on hand? There’s no correct way but there’s a reason why wealthy people put mortgages on their homes. What it really comes down to is discipline.
@@FrankKriticos I'd rather not owe, and have cash. Our trucks do not leave the yard to break even, they only leave the yard to profit. Since they're paid for they can sit, even the newest 2024s. It's liberating to not chase payments.
@@DavidGeppertRecycling again, i don’t disagree but there isn’t one way that is best for all.
Solid information from Mike and my two cents is:
1. Someone to do full time sales on a commission basis where they get paid commission for the life of the customer.
2. Since he is a disabled veteran, local, state, federal governments and NGO's give preferential consideration, contact them!
Remember this, EVERY BUSINESS STAYS ALIVE BECAUSE OF SALES! SO, SELL, SELL,SELL, SELL, SELL!!!!!!!!!!!!!!
Solid wife! Mike, thanks you for saving companies! Your work is amazing! Im happu this couple's business is getting back on track.
love your comment i also work with my wife and she is my solid
These 2 husband and wife have more then money. No matter what they tackle each day together and like my father taught me was "" never quit "". God bless there beautiful family. Hang in there, just hang in there brother
Im a contractor. I would spend every free moment going to different contractors. And maybe hire a couple guys and offer demo and haul.
I’m a GC and spend many thousands a year on dumpsters. If they can hook up with just a few roofers or contractors they will fill those dumpsters super fast.
The wife knew all along
Great to see them turn it around
The vehicles go away so does the insurance payment. Win win
Was watching this talking about selling their hook lift and dumpsters and I was screaming thats the wrong move. Was very happy when Mike flipped that around. Free up the wife by getting rid of the junk removal and the husband can just sit in the hook lift truck doing dumpsters. If you need cash flow sell the box truck and maybe a few dumpsters to get out of that loan.
This is my first video of yours but I got through the video and your advice was
1.) Give the dumpsters for free so they're not sitting on site
2.) Target contractors (how??)
3.) Get your dumpsters on people’s properties (how?)
I’m excited to dive into some of your videos
3.)
Drive around when you see a house being remodeled ask for the name of the company, google them and call or ask an employee for the # not that hard to find contractors, just have to spend a couple hours a day driving around or maybe google house remodeling businesses, roof replacement/repairs or mitigation companies and call them 1 by 1
Nice shirt, Mike!
F the shirt
This was the best business you've helped yet.
don't give up brother
Mike is the goat
Bro thats was great advice. great vid
this is great content, thanks for sharing
Make solutions not excuses that's what people want. Someone to get it done Make it happen
The wife should take over she has the vision
ANYONE ELSE NOTICE HOW HIGH THIS DUDE WAS LMAO
No. Guy has PTSD. He is a VET remember! and he is a good driver I noticed
How do you charge the customer if you have charge them over 1 included do you go back or bill them?
They could hire day laborers for the junk removal job once a week or month when the have the jobs
hard to hire someone on less than 40hrs/week
Great success story!
More like bottom in out
Awesome
Can you only do junk removal and not dumpster rentals in ca?
Absolutely but renting the dumpster to the customer vs paying to rent someone else's is basically free money you would be giving away.
@MikeAndes - 50th! The most important action the business was willing to do... listen to your suggestions and take action of doing things differently! Change sucks... however when things are not working, change is very much required! Yea! 🍀🙀🌟🏆 😇
Will most contractors not have their own dumpsters? Great video
In my market they do. Or if they don't they rent dirt cheap from friends who own them
I’m a contractor in Tampa and I’d say most down here don’t.
@@matthewsmith2362who do you use J&Z?
The GC I work for has a couple dump trailers. We rent a big dumpster maybe only 1-2 times a year
Thanks for all the advice Mike, need some info on hiring less turnover 🙄
You have to vet your hires better and work on creating systems that reward hard work. That’s what I did and I had guys calling me after I decided to go solo asking if I would take on more work so they could come back
@@mitchberning1595excellent idea keep up the good work!
Prices way over where they should be
Probably not really Dot numbers require pretty high insurance rates, 7 mpg in that truck and waste managements lowest rate in my area is $1000 and they own the dump I'm glad this guy is taking his cut from them
Did everyone miss that he is 100% disabled? How is he still able to work plus collect?
Poor guy doesn't even know the numbers only if he loses the truck then his house is gone also. I'm from suburbs of NYC and I have seen so many guys start a pressure washer company or a replacement window business and they loose the companies and owe the bank half million bucks and they have no credit O.
Hey mike im a 13 year old starting my landscaping business so as you can imagine without being over 18 its hard to get most things needed for a business and in my first week my phone got broke,my google voice number got deactivated,and my google business got denied and now i have to change my name and create all new everything i have 1 recurring client giving me $90/mo my dad owns his own business that he wants me to take over but its already failing and in year 3 he only has 6 clients do you have any advice for me?
Give up
I wouldn't listen to the first comment, they're a troll.
If your dad's business is already failing, maybe I'd stick with your own thing, and just do easy stuff there's no age restriction on to advertise. Print flyers and put em up everywhere, SLAM social media with ads EVERY DAY. Facebook, Nextdoor, whatever free apps you can get and advertise to your town. You can get word far and wide pretty easily.
Would probably have to stick with cash in hand until you're 18, but keep good records for tax time in case you make enough
Been doing this my entire life. If I was 13 again I would study to become a plumber or electrician. This business is hard.
Door hangars to get more work. You do have to figure out the phone thing though.
I thought this is how most businesses run. Definitely the government 😢😂
Why the hell did they buy so much equipment???? First rule of business is keep the overhead low, you don’t need a bunch of shiny and fancy equipment. I would remove the guy from making any future business decisions.
How much is Isuzu dump truck there is no way that truck is so expensive how much is the cost for Isuzu . Just wondering
Between 70k-90k here in Florida depending on the body mine is aluminum paid about 50k used
$100k
Well first wife should get a job outside the business. More security, and you can pay a cheap helper.
Sell the izzuzo and 1/2 dumpsters. And you would be dept free
Mike don't even work in the field anymore
Ya, he did his time.
He works in everyone's life he teaches us also he's a champ
@@codywillard1508dog gone right
Ain't that the goal 💀
@@GuineaPigLover666 yeah but he's a special individual
Bro is bout to lose it all
Build it up and sell it asap. Dumpsters are a hustle at best.
first ten minutes of the video...I don't think getting rid of dumpsters is the answer. He needs to SELL his service. Go talk to as many contractors as possible.
So he's 100% disabled but yet he's working everyday moving furniture, climbing up and down in a truck delivering dumpsters stuff like that correct? I'm sorry he didn't look too disabled to me
❤Super informative 🦾