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Just wanted to know how you pay if you are going get another Van and hire someone new. wanted feed back on which ways to go. I appreciate all the help I can get.
I’d put as much down on the van as I could and finance the rest. But first, I would make sure that I could stand all the new overhead (new van payment, insurance, wage, any other perks for an employee, etc) Then I would calculate what I thought this employee could generate in revenue. That study would tell me if it all made good sense.
Good luck.
Don’t forget to add the cost of outfitting the van with supplies and equipment, plus fuel. I strategically chose my pieces for my second van, limiting the cost. Good luck.
From the scripture Proverbs 22:7, the borrower is a slave to the lender. I have found that I could expand any way I wanted as long as I did not have any debt. Just bought my second van debt free. 2005 ford E150 with 13,200 miles. I got it for 11,900 that is right 11,900. The Lord provides so well for me.
Mark,
From your post I took that you where asking how to pay your employee. Is that correct? I pay my employee a percentage. Hourly doesn’t make sense because a guy can drag his feet all day and make more money. Percentage encourages them to sell more to make more. As far as figuring out when you need a second van-I made the jump when I was already running two techs in a van and pushing jobs a week out. I was losing jobs because I couldn’t service them quick enough. Those jobs that I now get more than pay for the second van. Also now I can usually get someone an appointment in two to three days. Hope that helps.
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