Thank you for the quick down and dirty! I truly believe that in 9 mins, you highlighted the important pieces in stoking the flames for future entrepreneurs. Keep up the great drive!
Many thoughts on this, it seems optimistic. Grooming from your home is a huge tax on your personal and family life. Hard to keep it clean as part of your home (my mom is a dog groomer). Ideally you want a small storefront for quality of life. But that’s going to eat into those numbers. 8 dogs a day with people coming to your home is going to be insane as you’d have as much traffic as a hair salon in your driveway. One model is to wash and then cut each dog, but you’re better off hiring washer(s) while you just do the grooming. But that’s a cost as well. Plus insurance, and chemicals and such are way more a year than $1000. As others have said the 8 dogs every day is an aggressive number too. Good 101 concept, but I’d argue you’re going to make closer to 50-60k per year working from your own home - and that taking its toll on your home. With a store front you probably need employees and be able to do 10-20 dogs a day for it to be profitable
Thank you for sharing your thoughts. You are right, this is more for a basic understanding of how it works. I've seen several different business models and some have done very well with something similar to what I have but others that are way different. Skill and experience definitely play a factor. I appreciate the feedback to help others! - Tammy
Depending on your profit, the taxes will be different per person (which is why you want to consult a tax pro) but with that said, if you get in the habit early of setting aside 15% - 20% of your profits for taxes into a separate account you will be ready for taxes. If you have extra at the end, just know you have a jump start on the new year and for growth. Some folks can do as low as 10% and others need 30% or higher. Just depends on those profits. But start the habit early! - Tammy
I understand that for most they may not be able to do this. I think the key is using the example of what is possible and adjust and tweak for each person's situation and skillset.
This video is purely a fantasy. I been grooming since 2007 and have my own grooming business. Not every client tips $10 and not every groomer grooms 8 dogs a day .. if they do,,,,, it’s a accident waiting to happen or qualify is in jeopardy.. So this is purely a FANTASY
I totally see why you feel the way you do. It is just an example so folks can plug in their own numbers. I’ve spoken to some folks who have done this but you are correct. Most prefer around 6 at most a day. - Tammy
@@geoffreyhansen284 Absolutely not. I think it is a great industry and it is only growing. Great opportunity for those that love pets. You just need to remember you are not a pet groomer but rather a business owner whose BUSINESS it is to groom pets. 🙂
@@geoffreyhansen284 this is actually a great business to be in especially durning a recession. A lot of shops are short on groomers though. Many people got dogs durning the pandemic.
Great point. Since everyone's tax situation is different and it is paid off the profits I tend to mention but not deep dive on. I'll do a video help on this more. You are right, taxes kill most small business owners in their earlier years as they fail to set aside some of the profits to pay them. Plus those other pesky employee taxes and misc taxes. I'll keep this in mind as I explain more in the future.. - Tammy
@@BadassBusinessOwners Thank you! I really do wish we could make those kind of profits without the taxes. But either way, the way you presented it was still pretty informative. I'm about to venture into opening my own grooming business, and the thing that has me the most nervous are those taxes lol
@@mistyblackfoot3848 Here is the best rule of thumb to start with and adjust as you go. Take any money you pay yourself as a "doer" in the business and then any company profits at the end of the day. Then take about 20% to start with and put into a different account from your normal operational account. For example, mine is at a totally different bank so I'm not tempted. LOL - Then each month put the money in it. This way you don't see it, you don't spend it and you will have it. Then after you do your taxes you can adjust up if needed or if over, just let it build up as a back up emergency fund as well. The key is pay each month and keep it out of sight out of mind. :-) - Tammy
@@BadassBusinessOwners Hah you don't know me but you already know how hard that temptation is! Money burns a serious hole! Are you able to claim a lot in deductibles for tax returns to help mitigate the costs?
You are right! I did forget, but I work it in now. Here is a video I did on those later for anyone that needs it: Learn More on Business Taxes: ruclips.net/video/mVBteTzM08w/видео.html
Don't forget getting 8 dogs a day every day at $60 is a fantasy. That $80k profit with zero rent is a bit of a fantasy. But hey at least you're the boss that's worth a lot
I understand that this might not work for everyone but there are people out there doing it. Many from their garage at home or in a van. Yes, things need to line up and it takes time to build that client base. Will everyone be able to do it? No. But is it possible? Yes. - Tammy
For me this has been pretty accurate, i groom about 7 dogs a day 5 days a week with a $95 dollar per dog average from home, my profits are around 130,000
@@farmerdurrn Thanks for sharing. I think each person is different with their experience and what they feel comfortable doing. Most folks pick up efficiencies the more they do and it sounds like you have done that! - Tammy
Thank you for the quick down and dirty! I truly believe that in 9 mins, you highlighted the important pieces in stoking the flames for future entrepreneurs. Keep up the great drive!
thanks! :-)
I'm starting a mobile grooming business and all of your videos have helped so much! Thank you for this content:)
How exciting! Keep me posted on how it goes. Happy to be part of your journey :-) - Tammy
You have made this so easy for all of us to understand 🤗! Thank you
Ah, thanks! that is definitely my mission so that is nice to hear it helps! - Tammy
Many thoughts on this, it seems optimistic. Grooming from your home is a huge tax on your personal and family life. Hard to keep it clean as part of your home (my mom is a dog groomer). Ideally you want a small storefront for quality of life. But that’s going to eat into those numbers. 8 dogs a day with people coming to your home is going to be insane as you’d have as much traffic as a hair salon in your driveway.
One model is to wash and then cut each dog, but you’re better off hiring washer(s) while you just do the grooming. But that’s a cost as well. Plus insurance, and chemicals and such are way more a year than $1000. As others have said the 8 dogs every day is an aggressive number too.
Good 101 concept, but I’d argue you’re going to make closer to 50-60k per year working from your own home - and that taking its toll on your home. With a store front you probably need employees and be able to do 10-20 dogs a day for it to be profitable
Thank you for sharing your thoughts. You are right, this is more for a basic understanding of how it works. I've seen several different business models and some have done very well with something similar to what I have but others that are way different. Skill and experience definitely play a factor. I appreciate the feedback to help others! - Tammy
Thank you Great Help !
Glad it helped! - Tammy
What about the tax? How do you calculate it?
Depending on your profit, the taxes will be different per person (which is why you want to consult a tax pro) but with that said, if you get in the habit early of setting aside 15% - 20% of your profits for taxes into a separate account you will be ready for taxes. If you have extra at the end, just know you have a jump start on the new year and for growth. Some folks can do as low as 10% and others need 30% or higher. Just depends on those profits. But start the habit early! - Tammy
That's a little deceiving. No groomer can do one dog an hour for 8 hours. You should have rounded it down to every 2 hours.
I understand that for most they may not be able to do this. I think the key is using the example of what is possible and adjust and tweak for each person's situation and skillset.
This video is purely a fantasy. I been grooming since 2007 and have my own grooming business. Not every client tips $10 and not every groomer grooms 8 dogs a day .. if they do,,,,, it’s a accident waiting to happen or qualify is in jeopardy.. So this is purely a FANTASY
I totally see why you feel the way you do. It is just an example so folks can plug in their own numbers. I’ve spoken to some folks who have done this but you are correct. Most prefer around 6 at most a day. - Tammy
If you have been grooming for 15 years and can't handle 8 dogs a day, that is sad...
So do u recommend staying out of this industry
@@geoffreyhansen284 Absolutely not. I think it is a great industry and it is only growing. Great opportunity for those that love pets. You just need to remember you are not a pet groomer but rather a business owner whose BUSINESS it is to groom pets. 🙂
@@geoffreyhansen284 this is actually a great business to be in especially durning a recession. A lot of shops are short on groomers though. Many people got dogs durning the pandemic.
How much time it took t groom 8 dogs a day usually? 10+hours?
Thank you
Completely skipped over the taxes here... Its the taxes that'll slay you
Not to mention unemployment and the million other expenses they put on you
Great point. Since everyone's tax situation is different and it is paid off the profits I tend to mention but not deep dive on. I'll do a video help on this more. You are right, taxes kill most small business owners in their earlier years as they fail to set aside some of the profits to pay them. Plus those other pesky employee taxes and misc taxes. I'll keep this in mind as I explain more in the future.. - Tammy
@@BadassBusinessOwners Thank you! I really do wish we could make those kind of profits without the taxes. But either way, the way you presented it was still pretty informative. I'm about to venture into opening my own grooming business, and the thing that has me the most nervous are those taxes lol
@@mistyblackfoot3848 Here is the best rule of thumb to start with and adjust as you go. Take any money you pay yourself as a "doer" in the business and then any company profits at the end of the day. Then take about 20% to start with and put into a different account from your normal operational account. For example, mine is at a totally different bank so I'm not tempted. LOL - Then each month put the money in it. This way you don't see it, you don't spend it and you will have it. Then after you do your taxes you can adjust up if needed or if over, just let it build up as a back up emergency fund as well. The key is pay each month and keep it out of sight out of mind. :-) - Tammy
@@BadassBusinessOwners Hah you don't know me but you already know how hard that temptation is! Money burns a serious hole! Are you able to claim a lot in deductibles for tax returns to help mitigate the costs?
Taxes, you forgot taxes!!!, lol the biggest expense:)
You are right! I did forget, but I work it in now. Here is a video I did on those later for anyone that needs it: Learn More on Business Taxes: ruclips.net/video/mVBteTzM08w/видео.html
@@BadassBusinessOwners ❤ thank you.
Don't forget getting 8 dogs a day every day at $60 is a fantasy. That $80k profit with zero rent is a bit of a fantasy. But hey at least you're the boss that's worth a lot
I understand that this might not work for everyone but there are people out there doing it. Many from their garage at home or in a van. Yes, things need to line up and it takes time to build that client base. Will everyone be able to do it? No. But is it possible? Yes. - Tammy
For me this has been pretty accurate, i groom about 7 dogs a day 5 days a week with a $95 dollar per dog average from home, my profits are around 130,000
@@farmerdurrn Thanks for sharing. I think each person is different with their experience and what they feel comfortable doing. Most folks pick up efficiencies the more they do and it sounds like you have done that! - Tammy
@@farmerdurrn hello, Do you rent a business place, mobile or working from your home?
@@farmerdurrn what business do you have? Mobile or a shop? I am starting mobile grooming.