I was WRONG... a $1M Business is NOT the Goal

[@bennguyen750]

A 700k 25% net that runs without you is better than a 1million that nets 10% with a lot of headaches

[@jakegamboa8048]

💯

[@treeamigo8447]

I've been trying to understand for a long time why anyone would want to scale a business like this. You just give away your margins. The only way to do it would probably be all large commercial accounts with high employee turnover and nonstop headaches

[@connorcarlin6056]

This is exactly what we just went through. We grew from 0 to 1.5 in one year and just scalled back everything stopped rushing through jobs chasing a sales high. Let go of under performers and everything is starting to look so much better. I am so happy I got to see this

[@MikeAndes]

Awesomeness! 👌🏻

[@Lawnpal-]

Optimize and Standardize, right on advice! Thanks Mike 🦃🍂🍁

[@capogiraffe]

This is my third year in business with a tree service and I'm looking to break 200k this next month to end the year. So yesterday morning i learned I'll be awarded a 400k tree clearing/climbing contract. I'm still shell-shocked and as nothing is yet signed I've mostly been keeping that news to myself until we iron out some minor details and sign. I really appreciate catching this video right now!

[@blakeg7529]

Keep it silent until half the work is complete

[@dustinmarquand5301]

Be careful! That's a huge jump and make sure you aren't so busy with the large job you lose your momentum on the jobs the got you to current place. You can lose your shorts on a large job quickly and also have a large opportunity cost if you have nothing after the huge contract.... Has this happen to me in construction..... Good luck though! Hope it works out well.

[@capogiraffe]

@@dustinmarquand5301 Yeah some good points. I'm back and forth with it and sometimes wonder if I should even take it. The climbing portion I feel confident about, it's the land clearing that has the potential to be costly if my numbers are out.

[@dustinmarquand5301]

​@@capogiraffe could you split the contract somehow? Good climbers are much harder to find than land clearing companies... At least around here. (Twin cities)

[@WeFindSimpleSolutions]

I think you should do it. But you do want to see if you won it because you were super low though most entities that are willing to pay that much on a project would not award it to a company, knowing they messed up the bid because they would be left with a problem not just you. Keep up the good work 💪

[@johnwebster9312]

I can't believe this is free. What a time to be alive

[@reidkarges6199]

This is exactly the video I needed to see! Always top notch content!

[@MikeAndes]

Thanks for watching!

[@vendingservices8900]

My goal next year is 2 full time laborers, and a full time VA. Possibly a full time marketer. Do about 500k. This year we did about 140k and I was solo until a month ago. Window cleaning/christmas lights.

[@n8works]

Such an impressive young dude.

[@Abel.mora9]

Amazing business growth clarity planning with this one Mike!

[@MikeAndes]

So glad! Thanks for watching

[@Jason4Star]

Mike. This is gold and so true. There is nothing magical about the $1,000,000 mark.

[@DynamiclandandTimber]

3:01 sums up just about every warm body in this industry .

[@michaelperry4398]

Ha! That pruning off the step ladder was pretty sketchy too,

[@walterrocha8764]

Thank you Mike for the great content! Also helping me and my family know what we are getting ourselves into at the second stage.

[@MikeAndes]

You got it! 🙇👏🏻

[@erikwalker301]

Excellent video

[@MikeAndes]

Thank you very much!

[@Review-This]

As a HVAC business owner bi annual maintenance programs I like selling 3-5 years at a upfront cost but also thinking of offering a monthly option at only $19.95

[@precisionenterprises1295]

Once again Mike killed it … this guy is a rockstar, everything you need to know about growing is in his videos ❤❤🎉🎉🎉🎉

[@MikeAndes]

🙇🙏🏼

[@cultivatingclassics9135]

Does any one have links to lawn fertilizer companies that are doing similar things?

[@mattcourtney3319]

Hope you received my turn around video and are in contact soon!!

[@MikeAndes]

Got it! Team will be in contact 🙇🙏🏼

[@mattcourtney3319]

@@MikeAndes i hope so. Things keep getting worse by the day. I hope you can come turn it around.

[@bowievanling8010]

wish we wound had found this channel 5 years ago!

[@motivationuniversity1960]

I've been meaning to reach out. I need some hands on help. I'm doing about 250k a year.

[@DionHolmesElegantGreens]

Hey Mike! This is a great video. However, you mention that once you hand it off to a general manager you should cut off the marketing when you are past $800k. Your locations you run and own with general managers I assume are over $800k. Why are you still running your LSA for them? Is it because you want to have large locations or are you just replacing churn with higher paying clients. Just curious is all.

[@MikeAndes]

We periodically will turn it on to test new changes and channels for Augusta Nation.

[@crazyworldev7272]

@@MikeAndes thanks for responding, sounds like we battle the same marketing addiction a little bit lol. I have a hard time leaving them off even though you are correct it just shreds through the net income. My company is above $800k. I just get bored I think.

[@grassmonkeyllc8240]

What Salary would you anticipate a GM of a $800k maintenance biz.?

[@lylesathoffracing8l412]

It would be a good idea to start benchmarking RPE or Revenue Per Employee and try to compare yours with others in the industry. A general rule of thumb for companies under 1,000,000 in revenue is a revenue of $43,000 per employee. This will be another tool in your toolbelt to determine if you need to increase prices if you are at capacity like Mike mentions or if you need to potentially scale back on underperforming employees to stay efficient. Now, when you start talking about the salary for a GM, 20-50% higher than the people they are managing would be a good starting point. In some industries, like the tech world, it's not uncommon for employees to make more than their managers due to their skills.

[@primarypools8053]

Would you consider 500k only in the reoccurring revenue or would that be total revenue with bigger jobs included?

[@giovannigiorgio8962]

Hey Mike, are you also going to live stream the Blue Collar Summit Seminar?

[@MikeAndes]

No. In-person only.

[@MakenimprovementsPA]

Construction Sector is the way

[@brandino97yyc]

I like the landscape construction with a focus on rockscapes

[@MikeAriano-gt3yz]

Managing capacity*

[@jordanfrisco8516]

The goal is for Mike Andes to make millions of dollars off millions of businesses. From viewers like you

[@LeonMortgage]

So what if he makes money? Why do you care? You think it's a secret?

[@tioslawnservicellc5650]

Hello, is the $50-$100 an hour pro crew or per employee? Thank you

[@SpencerMows]

Definitely per employee. It’s me and one employee and $75 per man is where we like to be that way on a full 7-8 hour day if we can generate $150 an hour we can clear $1000 a day

[@chrisbaker2669]

I thought a million dollar business was a million dollar profit not a million revenue.

[@JeffScott-s4g]

Great analysis, thank you! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[@bradgisdabest]

First

[@giovannigiorgio8962]

🍪

[@RussellD11]

thats not what J Bezos did lol, just sayin