Respect, I also own a small business - this is super relatable. You're being super transparent, and you can't not respect that. Thanks for the content.
keep stacking cash it will help you scale if one day you decide that's what you want to do. I worked in sales for a commercial concrete company and moved into a finance role and saw how quickly they scaled from 15 employees to 60 employees after they had $1M in the bank. They hired experienced superintendents, foreman, and labor. They were able to go out and finance new work trucks, machinery, and tools to help scale. It wasn't what the owner of the company wanted but the team pushed him to do it because they all saw a great future for themselves and their families. They now generate around $25M/yr and the company is thriving. Everyone is happy and loves showing up to work!! I commented because my boss (the owner) reminded me of you and was one of the coolest guys I have ever worked for. He cared more about his employees (or the team as he put it) than himself.
this was a good video man. i want to become a plumber and start my own company one day too. im bout to have my first child. you being very transparent puts things into perspective
I know Mr Larry Marshall. He obviously brings a lot of experience in trading to the table but more importantly I think his is a tough person in an industry that....
value your perspective and content. While Technical Analysis is useful, I'm concerned that prominent crypto RUclipsrs often focus solely on T.A., neglecting the broader context behind BTC'S movements. Ignoring the impact of ETF launches on major dumps and the precarious state of historically low volume and whale-driven pumps is irresponsible. Day trading, less influenced by market unpredictability, deserves greater attention. Personally, I've found success day trading with Larry Marshall insights, as his analysis consistently stays ahead of the curve.
Low trading fees. Lots of diffrent pairs to trade. Free debit card with cashback opportunities. Many idle earning offerings like flexible savings. Withdraws wor...
I’m a 1 man band, I often wonder if I should grow the business but it seams like I would need two to three licensed guys to make the money worth it. Always had enough call volume to feed a few more guys but was always too scared or unsure to make the step to the next level. I do residential service and reno’s. Have years of commercial and residential experience.
Yeah, you really do need good guys. I’ve got an awesome crew. I was nervous as shit every time I hired a new guy and expanded but it’s lead to some really big rewards. It’s stressful as all shit now that my payroll is 10 to 12 K a week and I spend about 50,000 a month or better at supply houses. My expenses are over $1 million a year. I got a lot of people counting on me and at times I think it would be better to just scale down to just me but I kind of blew it up right out of the gate so I only flew solo for about 6 weeks. By 3 months in I already hired 4 guys. In all honesty, though it may be six in one hand, and half a dozen in the other. It’s probably an equal amount of bullshit Either way you go.
I don’t know if you’ll watch any of my other vids or not but know that every job you do is your resume. A lot of the customers I have right now is because they were customers of companies I used to work for. I didn’t realize I was building my customer base while I was working for other people but I was.
Just remember it costs to grow/scale. Build systems to help you optimize what you have. Letting your video tells me you're still in the field. Don't burn yourself out. Great video
@brasshouse9822 ya bro, get off the tools. Put the systems and workflow together in the backend... For your sanity, at least. It took me forever to get off them. But if you take the initial hit/ cost of getting off of them, it's better in the long run, allowing you to grow faster and more profitable.
Good video man ! I'm always trying to see what other smaller plumbing/ bathroom remodeling companies charge / make to try and gauge where I'm at and or should be. I like this video over alpt of the other ones because I can tell you're being real and not trying to flex like many people do then you can't tell if they really are doing that good or just blowing smoke lol.
hell yeah brotha !! your doing your thang while also providing for others !! just started mine so soaking up all the knowledge I can , appreciate you sharing your videos. keep it up big dawg !!
Run Business tight now so you can relax later in life. Always remember shtf every once in a while. Better to have cash on hand then to rely on a loan or credit!
I love how real you are brother. I subscribed immediately. I’m a small residential service plumber (you probably think I’m gay). I started my business almost 2 years ago with literally no money. I was working out of my pick up truck for the first three months until I saved up enough for a down payment to buy a used 2019 work van. This was 2022. I now have an employee, and I’m quickly, realizing how scary this shit can be knowing that not only do I have to provide for my family, but now I gotta provide for this guy as well. My first full year I did $230,000 Revenue. I’m expecting $300,00-320,000 this year. I’d like to make a move into commercial jobs as I don’t have any yet. I mostly get jobs from Facebook or my one property management company that’s about %20 of my revenue. I also have a house flipper I roll with 3 full house remodels(gas,drains,water piping). Word of mouth is huge for me too. Any advice on snagging a commercial gig or two so I can get that repeat $$$ you’re talking about. Thanks for your time. I know how busy I am with just me and my guy, so I can only imagine how busy you are.
A lot of the commercial work I get kind of fell in my lap because I was a supervisor for a mechanical company for so long. I had a really good reputation in Dallas as a problem solver and a lot of people called me as soon as I got going. it’s been a lot of word-of-mouth for me as well though in commercial. I got hooked up with one really large general contractor building engineers at a university recommended me as a quality plumber to hire for their jobs. It’s been a bunch of shit like that. I didn’t realize when I was busting my ass for other other companies that I was building up my résumé and client list but I was. I was forced to hire and expand because I did over $1 million in revenue in the first seven months I was open. In February we did 180 K in revenue. But that comes for me doing so many construction jobs that are six-figure jobs. When it comes to just pure service it’s pretty hard I think to grow. That’s why I incorporated construction so early on. I found out I can get projects that would float guys for a month at a time that I could also pull off of to help me with service projects. But at this point, I’ve got to where I tell customers I’ll do service work for them but I won’t do drain cleaning. Since I’m hooked up with so many buildings through construction, that’s added a whole other level of service for me. I’ve also got a couple hook ups from my vendors at the supply house. I always fuck around with those guys and they like me a lot so they’ve recommended a lot of people to me. Including one of my biggest customers.
You remind me of my old boss named billy when he first started his fiber optic company…lol business owners really wreck their brains sometimes with all the stress
Thank you for sharing all this. It really helps people like myself I am a free lancer at the moment. I did have a crew in the past but these days it’s back to just myself. Any way I can reach out to you?
I’m a GC make between $30k-$50k a month with 5 employees I have no debt it’s nice once every thing is paid off then you make a ton of money it’s a long game for sure 👍🏽 I’m only 35’yearanold also 😊
@@sambokim6122 it works for residential plumbing. It doesn’t work for anything else really. But if you want to get a bunch of calls at houses, you can find different ways to advertise and get them. I advertised on yelp and next-door and got a lot of calls when I first started. I haven’t advertised in months now though because I’m so busy.
@brasshouse-og your video as well as comments are very relatable. I also own a small plumbing company, barely going on 2 years. 1st year basically me and a helper.. 2nd year I decided to take the risk of hiring 2 plumbers and 2 more helpers and remove myself from the field... I also decided since I didn't have a loud reputation yet, that I would pay offer better pay than any other plumbing company in my area to attract the right guys. Now I feel hour stress... 8k or so payrolls, 30-40k or so a month to supply house, some contractors not paying on schedule... it's tough and you were very honest with it in your video
Bro, that was the most honest real video I’ve seen on RUclips, find myself sitting in the garage smoking one after dealing with service calls all day myself. And yea I agree residential is extremely gay!
How do you plan for taxes at the end of the year? I’ve always worked for someone else but when working for yourself what do you do so you don’t get in trouble?
Great video, im from australia, just about to dive into a plumbing business, trying to figure out if better to get a business loan for ute/van and some other business stuff or pay cash and less and have less or no business loan, waiting to speak to accountant shortly
Sorry it took me so long to reply. after videos get a little older they don’t let me know when people comment. I personally don’t think it’s a good idea to get a loan with these high interest rates. One of the vans I financed I had a 19% interest rate on. After that, I’ve only bought all of the vehicles cash. The truck I used to start my business I paid 7000 cash for outside of that I had $10,000. And with that $10,000 I was able to get my website set up, LLC, necessary, tools, etc. I hit the ground running from there and it took about a week and a half before I was busier than a Christmas sweater. I definitely don’t think I would’ve wanted to have any extra payments early on. I’m coming up on a year and I’m about to buy my sixth and seventh vehicle cash. So I still don’t want to do loans even though I’m bringing in over 200 K a month now.
@@brasshouse-og appreciate the reply, im torn as i want to keep cash in back pocket just incase... my thinking is a 20k loan for ute/van but yeah interest rates are fucked.. in australia i think ours are around 10-15%
Nice video. I’m in California working as an estimator. I’m bidding 100k-5million dollar projects. I’m looking for side work estimating if you need any help?
How do you bid a job? I do 500$ an opening new construction, 1000$ an opening remodel with no concrete , 1500 an opening for remodel with concrete. The dishwasher and refrigerator lines are freebies.
The way I do it is I get a fixture count first. I figure $1000 per sink, $1750 for one hole bathroom, and then over estimate the price of water heaters, drinking fountains, shit like that. And that’s just what I figure as my material cost for fixtures. Then I figure my materials, insulation, specialty tools, equipment, rentals, subcontractors, PPE, plastic and shit like that. Once I have the total for all my materials and fixtures, I’ll then figure my labor. I figure how long I think it’s gonna take me to do the job on each phase. I overestimate by a day or two on every phase. I figure $1100 is my cost for a three man crew. I figure that cost at $1700 for overtime or weekends. Once I figure my cost for labor and materials all together, are usually try to double that number. But at a bare minimum, I will take that total number and divide it by .7 to give me a 30% margin on that bitch.
Sitting in my garage, chain smoking, just fuckin drained from my own business shit. Go on youtube and find a man, sitting in his garage, chain smoking, stressing about business shit. What a coincidence. Your doing good with the company, atleast in my opinion. Youll figure the shit out, you got the gift of the bullshit.
No one can undercut you for long mate. There’s a certain number you have to be at or you’re going out of business. I hope more people do open their own businesses. It’ll help me out.
Hey my brother has 1 year residential experience and 1 year commercial. He’s out of garland TX. He needs a job rn and is sick with the plumbing if your looking for a great employee.
Lol it’s personal he says after spewing all his business finances. Be humble man .. Should you be putting this all out there for your clients to hear? I think your hilarious. Not sure how came across this
That’s not bad advice. Figure I’ll swing the bat and see if I can’t hit a home run while I’m still young and stronger than a car salesman cologne. When I get old a tired I’ll go the safe route.
Im a 20 year old apprentice. This is exactly the info I’m trying to learn I like the content
Respect, I also own a small business - this is super relatable. You're being super transparent, and you can't not respect that. Thanks for the content.
Hell yeah dude. I hope everything works out great for you.
I appreciate your videos, im a residential plumber in a small town of about 2000 people and watching your videos makes me want to think big
how many in your county ?
Man…2000 people? You must drive to other towns right?
I appreciate the honesty in this channel. It’s what sets your channel apart from others.
Nothing wrong with staying small. Take your time man. Dont rush and stumble. Keep it steady.
keep stacking cash it will help you scale if one day you decide that's what you want to do. I worked in sales for a commercial concrete company and moved into a finance role and saw how quickly they scaled from 15 employees to 60 employees after they had $1M in the bank. They hired experienced superintendents, foreman, and labor. They were able to go out and finance new work trucks, machinery, and tools to help scale. It wasn't what the owner of the company wanted but the team pushed him to do it because they all saw a great future for themselves and their families. They now generate around $25M/yr and the company is thriving. Everyone is happy and loves showing up to work!! I commented because my boss (the owner) reminded me of you and was one of the coolest guys I have ever worked for. He cared more about his employees (or the team as he put it) than himself.
this was a good video man. i want to become a plumber and start my own company one day too. im bout to have my first child. you being very transparent puts things into perspective
I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family
I know Mr Larry Marshall. He obviously brings a lot of experience in trading to the table but more importantly I think his is a tough person in an industry that....
value your perspective and content. While Technical Analysis is useful, I'm concerned that prominent crypto RUclipsrs often focus solely on T.A., neglecting the broader context behind BTC'S movements. Ignoring the impact of ETF launches on major dumps and the precarious state of historically low volume and whale-driven pumps is irresponsible. Day trading, less influenced by market unpredictability, deserves greater attention. Personally, I've found success day trading with Larry Marshall insights, as his analysis consistently stays ahead of the curve.
I just wish it never ends... That is the one feeling you get when you are enjoying the ride.. I just wish lol!!
Low trading fees. Lots of diffrent pairs to trade. Free debit card with cashback opportunities. Many idle earning offerings like flexible savings. Withdraws wor...
Trust me, Mr Larry Marshall knows he's stuff! He's advice have been valuable to me
Dayum brah. Haha. What an awesome video. Your rambling was on point. 50% gross margins on small jobs and 20% on the big ones. Love it. Thanks!!!
Omg I love how real you are!!! I am glued!!!
Thank you! I appreciate thay
I appreciate the honesty sir 👏🏽
I’m a 1 man band, I often wonder if I should grow the business but it seams like I would need two to three licensed guys to make the money worth it. Always had enough call volume to feed a few more guys but was always too scared or unsure to make the step to the next level. I do residential service and reno’s. Have years of commercial and residential experience.
Yeah, you really do need good guys. I’ve got an awesome crew. I was nervous as shit every time I hired a new guy and expanded but it’s lead to some really big rewards. It’s stressful as all shit now that my payroll is 10 to 12 K a week and I spend about 50,000 a month or better at supply houses. My expenses are over $1 million a year. I got a lot of people counting on me and at times I think it would be better to just scale down to just me but I kind of blew it up right out of the gate so I only flew solo for about 6 weeks. By 3 months in I already hired 4 guys. In all honesty, though it may be six in one hand, and half a dozen in the other. It’s probably an equal amount of bullshit Either way you go.
Bad luck comes in runs, hopefully that run is well and truly over! Hope the medical building goes ok!
Thanks Sollers. Really cool to see you watching.
New sub. Service business owner here as well. Great content!
Thanks for watching man!
Thank u for this vid. I am fresh into my plumbing apprenticeship, and I am stoked for the opportunities that can pop up.
I don’t know if you’ll watch any of my other vids or not but know that every job you do is your resume. A lot of the customers I have right now is because they were customers of companies I used to work for. I didn’t realize I was building my customer base while I was working for other people but I was.
This info is pretty useful overall I'm an electrician starting up a company but pretty similar ordeal over all
Just remember it costs to grow/scale. Build systems to help you optimize what you have. Letting your video tells me you're still in the field. Don't burn yourself out. Great video
I definitely have a long way to go. Plan is to be out of the field 01/23. At least off my tools lol
@brasshouse9822 ya bro, get off the tools. Put the systems and workflow together in the backend... For your sanity, at least. It took me forever to get off them. But if you take the initial hit/ cost of getting off of them, it's better in the long run, allowing you to grow faster and more profitable.
Good video man ! I'm always trying to see what other smaller plumbing/ bathroom remodeling companies charge / make to try and gauge where I'm at and or should be. I like this video over alpt of the other ones because I can tell you're being real and not trying to flex like many people do then you can't tell if they really are doing that good or just blowing smoke lol.
hell yeah brotha !! your doing your thang while also providing for others !!
just started mine so soaking up all the knowledge I can , appreciate you sharing your videos.
keep it up big dawg !!
Run Business tight now so you can relax later in life. Always remember shtf every once in a while. Better to have cash on hand then to rely on a loan or credit!
Different areas pay different, sometimes that’s that hard part is figuring out the market. You’re doing better then me. I’m just a slow low man 😂
I love how real you are brother. I subscribed immediately.
I’m a small residential service plumber (you probably think I’m gay). I started my business almost 2 years ago with literally no money. I was working out of my pick up truck for the first three months until I saved up enough for a down payment to buy a used 2019 work van. This was 2022.
I now have an employee, and I’m quickly, realizing how scary this shit can be knowing that not only do I have to provide for my family, but now I gotta provide for this guy as well.
My first full year I did $230,000 Revenue. I’m expecting $300,00-320,000 this year.
I’d like to make a move into commercial jobs as I don’t have any yet. I mostly get jobs from Facebook or my one property management company that’s about %20 of my revenue. I also have a house flipper I roll with 3 full house remodels(gas,drains,water piping). Word of mouth is huge for me too.
Any advice on snagging a commercial gig or two so I can get that repeat $$$ you’re talking about.
Thanks for your time. I know how busy I am with just me and my guy, so I can only imagine how busy you are.
A lot of the commercial work I get kind of fell in my lap because I was a supervisor for a mechanical company for so long. I had a really good reputation in Dallas as a problem solver and a lot of people called me as soon as I got going. it’s been a lot of word-of-mouth for me as well though in commercial. I got hooked up with one really large general contractor building engineers at a university recommended me as a quality plumber to hire for their jobs. It’s been a bunch of shit like that. I didn’t realize when I was busting my ass for other other companies that I was building up my résumé and client list but I was. I was forced to hire and expand because I did over $1 million in revenue in the first seven months I was open. In February we did 180 K in revenue. But that comes for me doing so many construction jobs that are six-figure jobs. When it comes to just pure service it’s pretty hard I think to grow. That’s why I incorporated construction so early on. I found out I can get projects that would float guys for a month at a time that I could also pull off of to help me with service projects. But at this point, I’ve got to where I tell customers I’ll do service work for them but I won’t do drain cleaning. Since I’m hooked up with so many buildings through construction, that’s added a whole other level of service for me. I’ve also got a couple hook ups from my vendors at the supply house. I always fuck around with those guys and they like me a lot so they’ve recommended a lot of people to me. Including one of my biggest customers.
You remind me of my old boss named billy when he first started his fiber optic company…lol business owners really wreck their brains sometimes with all the stress
Respect to you brother
Omg it was perfect... I luv it for real
Thank you for sharing all this. It really helps people like myself
I am a free lancer at the moment.
I did have a crew in the past but these days it’s back to just myself.
Any way I can reach out to you?
I’m a GC make between $30k-$50k a month with 5 employees I have no debt it’s nice once every thing is paid off then you make a ton of money it’s a long game for sure 👍🏽 I’m only 35’yearanold also 😊
Damn! That’s awesome. Im not at that point yet but hopefully soon.
What would you recommend as far as marketing/ads?
@@sambokim6122 it works for residential plumbing. It doesn’t work for anything else really. But if you want to get a bunch of calls at houses, you can find different ways to advertise and get them. I advertised on yelp and next-door and got a lot of calls when I first started. I haven’t advertised in months now though because I’m so busy.
@brasshouse-og your video as well as comments are very relatable. I also own a small plumbing company, barely going on 2 years. 1st year basically me and a helper.. 2nd year I decided to take the risk of hiring 2 plumbers and 2 more helpers and remove myself from the field... I also decided since I didn't have a loud reputation yet, that I would pay offer better pay than any other plumbing company in my area to attract the right guys.
Now I feel hour stress... 8k or so payrolls, 30-40k or so a month to supply house, some contractors not paying on schedule... it's tough and you were very honest with it in your video
I just started medical school at age 28
At the end of the day,,,,,, you are at 10;30 pm sharing your business,,,, 100% always
Sounds like youre not charging enough? Love the video. Disgusting how much big city service companies charge
@@mackhughson3722 I don’t think I was charging enough when I made this video.
Bro, that was the most honest real video I’ve seen on RUclips, find myself sitting in the garage smoking one after dealing with service calls all day myself. And yea I agree residential is extremely gay!
It's F'ing GAY. I'd be friends with this guy lol
How do you plan for taxes at the end of the year? I’ve always worked for someone else but when working for yourself what do you do so you don’t get in trouble?
Smells familiar u remind me with my cigg much love God going bless
Hey! How about a video with some guitar playing? Let’s see how your real rig sounds?
I wouldn’t want to do that to y’all lol
The absolute Man.
Great video, im from australia, just about to dive into a plumbing business, trying to figure out if better to get a business loan for ute/van and some other business stuff or pay cash and less and have less or no business loan, waiting to speak to accountant shortly
Sorry it took me so long to reply. after videos get a little older they don’t let me know when people comment. I personally don’t think it’s a good idea to get a loan with these high interest rates. One of the vans I financed I had a 19% interest rate on. After that, I’ve only bought all of the vehicles cash. The truck I used to start my business I paid 7000 cash for outside of that I had $10,000. And with that $10,000 I was able to get my website set up, LLC, necessary, tools, etc. I hit the ground running from there and it took about a week and a half before I was busier than a Christmas sweater. I definitely don’t think I would’ve wanted to have any extra payments early on. I’m coming up on a year and I’m about to buy my sixth and seventh vehicle cash. So I still don’t want to do loans even though I’m bringing in over 200 K a month now.
@@brasshouse-og appreciate the reply, im torn as i want to keep cash in back pocket just incase... my thinking is a 20k loan for ute/van but yeah interest rates are fucked.. in australia i think ours are around 10-15%
Nice video. I’m in California working as an estimator. I’m bidding 100k-5million dollar projects. I’m looking for side work estimating if you need any help?
I might take you up on that
Never knew Doug Stanhope was a plumber!
@@nodgelyobo1 not bad, I’ve been called worse lol.
How do you bid a job? I do 500$ an opening new construction, 1000$ an opening remodel with no concrete , 1500 an opening for remodel with concrete. The dishwasher and refrigerator lines are freebies.
The way I do it is I get a fixture count first. I figure $1000 per sink, $1750 for one hole bathroom, and then over estimate the price of water heaters, drinking fountains, shit like that. And that’s just what I figure as my material cost for fixtures. Then I figure my materials, insulation, specialty tools, equipment, rentals, subcontractors, PPE, plastic and shit like that. Once I have the total for all my materials and fixtures, I’ll then figure my labor. I figure how long I think it’s gonna take me to do the job on each phase. I overestimate by a day or two on every phase. I figure $1100 is my cost for a three man crew. I figure that cost at $1700 for overtime or weekends. Once I figure my cost for labor and materials all together, are usually try to double that number. But at a bare minimum, I will take that total number and divide it by .7 to give me a 30% margin on that bitch.
LOVE THE VID! WHATS THE HARDEST PART OF THE JOB WHEN IT COMES TO THE JOBS YOU DO
Fixtures are the hardest part. Getting all of the sinks and faucets on time. And making sure we are roughed in properly for each fixture.
Sitting in my garage, chain smoking, just fuckin drained from my own business shit. Go on youtube and find a man, sitting in his garage, chain smoking, stressing about business shit. What a coincidence. Your doing good with the company, atleast in my opinion. Youll figure the shit out, you got the gift of the bullshit.
Where are you located? I heard downtown Dallas for some jobs but was curious.
We are all over DFW. My shop is like 30 minutes south of Dallas.
Make sure to get everyone's hopes up so they'll flood the market and cut in to your profits. All for some yt views.
No one can undercut you for long mate. There’s a certain number you have to be at or you’re going out of business. I hope more people do open their own businesses. It’ll help me out.
Question? Why wouldn’t you consider to do residential if your guys can handle commercial work, it sound be cake for them boys
Hey my brother has 1 year residential experience and 1 year commercial.
He’s out of garland TX.
He needs a job rn and is sick with the plumbing if your looking for a great employee.
This is gold 😂
👍👍
I am on the same spot
It’s not a bad place to be lol
So your business account is stuck at 30-80k? Or you’re putting in 30-80k a month?
Six figures once and we’ve been under 30 a couple times. But I get really uncomfortable if it’s below 30.
2000 a week but how much profit does the business have too?
Probably like an extra 10-20k/ month
Pro press has one key,yours didnt?
Never set it up
Mind if I ask what state you are in?
Texas.
Lol it’s personal he says after spewing all his business finances. Be humble man .. Should you be putting this all out there for your clients to hear? I think your hilarious. Not sure how came across this
not much worry about my customer seeing this. This is a very under the radar channel Lol.
The IRS has entered the chat.
I pay taxes lol.
Rambling into internet doesn’t help
Nah, you liked it.
Stay small
That’s not bad advice. Figure I’ll swing the bat and see if I can’t hit a home run while I’m still young and stronger than a car salesman cologne. When I get old a tired I’ll go the safe route.