Viewing 6 posts - 1 through 6 (of 6 total)
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  • #143680
    hbabilene
    Participant

    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.

    #149637
    Anonymous
    Inactive

    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.

    #149638
    GA18
    Participant

    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.

    #149639
    CO11
    Participant

    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.

    #149640
    tx45
    Participant

    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.

    #149641
    CJones
    Participant

    I definitely agree with the commission/percentage type wage! Gordon has some very good ideas on this subject – check for past posts on employee compensation!!

Viewing 6 posts - 1 through 6 (of 6 total)
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