WHY DUMPSTER BUSINESSES FAIL!!!!

[@JWheeler331]

Thanks for the pointers. I’m sure many of these points if not all are still just as relevant today.

[@lawnrebel]

Great video. I love my Dumpster business. Trash is cash

[@Lifes_Apprentice]

Thanks!

[@tomcat5986]

I really want to dive in and start my own business but I know nothing about running a business and that is what has kept me from trying. How did you learn what all is entailed to get going? I appreciate any advice or direction.

[@okeaholelei5604]

Very informative video! Im starting a dumpster business here in Hawaii and this has been helpful. Thank you brother!

[@Lifes_Apprentice]

Glad to help

[@brokeracer9893]

Thank you and cant say enought on how good this video is!!

[@Lifes_Apprentice]

No problem! thanks for watching!

[@zpoppe]

another factor is to keep your , eyes on the big guys, with landfills,. they will undermine, your business and try to buy you out.

[@Lifes_Apprentice]

That is possible! That could be a good thing if the price is right

[@danahasson2892]

One reason I can see new businesses failing Justin is that they're not willing to diversify. In one of the Facebook groups I saw guy's post where he said he was slow and he had some calls this week from contractors, roofers, and stuff like that but he only does residential he doesn't want to do those type of clients. In my book he is going to fail because hes not willing to diversify and do other clientele besides residential. Not saying that he has to do everything but he has to do more than just residential clientele

[@hhprogressiveconstruction1140]

Yeah you need to diversify for sure , commercial , homeowners , contractors , junk removal , industrial , realtors etc with dumpsters .

[@Lifes_Apprentice]

They will fail with that mindset

[@Lifes_Apprentice]

@@hhprogressiveconstruction1140 Take every job you can get for better or worse when your a new business. at the very least you will learn what not to do

[@bobbynolen154]

Absolutely right, you can never have too many avenues of work coming in.

[@m9ovich785]

Thanks Justin. Good-ol 41, I'm guessing you were south bound out of Oshkosh ? Have you thought about a roll-Back truck to get into tighter spots. Mike M Wausau.

[@Lifes_Apprentice]

We travel 41 all the time!!! We have been wanting to get a roll off truck but everything is so hard to get right now and super expensive so we are just waiting

[@Cris_V_00]

More pain to the economy created by the federal reserve trying to achieve their inflation numbers after almost 7 trillion pumped out in 2020. Plus fiat currencies continually decreasing in value for decades, but king dollar is at record highs on the index at 108. Thanks for the boots on the ground info.

[@Lifes_Apprentice]

Any good business person knows that printing and free money is only a crutch except the government. They have caused all of the issues we are seeing one way or another. the dollar is still the best currency on earth but my faith in government is losing value year after year. as a business owner I have to make sure I survive one way or another and change my stategy based on whatever happens! Thanks for watching and I appreciate the comment

[@AmericanAFDumpsters]

Great video Justin! Truth of the matter is 25% of businesses fail in the first 2 years. Almost HALF fail within the first 5 and 65% in the first 10! I agree with just about everything you said. I also think pre-pandemic and then during the pandemic, the “gig economy” boom was huge, but now some people are realizing the cold hard fact that not everyone is cut out to be a business owner, and that’s ok. Sometimes being the best employee you can be is more rewarding for some.

[@Lifes_Apprentice]

The stats about business failing is always true. the conditions we have seen in the economy and business world have been crazy the last 5 years. good for some and bad for others at the same time. crazy unpredictable world we live in!

[@hhprogressiveconstruction1140]

With companies paying stupid money now to keep and get employees why be your own boss . Drivers here are making $40 bucks an hour . 9-5 home , weekends off , no phones calls with issues , medical , 401k ,

[@Lifes_Apprentice]

@@hhprogressiveconstruction1140 It is good for workers but will not last.

[@user8ZAKC1X6KC]

You should really try to find any advertising opportunity that you can! 7:17 lol

[@Lifes_Apprentice]

When I said that I mean any free advertising. not paid!

[@user8ZAKC1X6KC]

@@Lifes_Apprentice I just thought it was funny that just as you said it there is a van right outside your window. Click on the time stamp you'll see 😂

[@allaroundjunkremovalllc2336]

Yes we have slowed down

[@AMQualityServices]

I need to get a dumpster trailer.

[@Lifes_Apprentice]

Nedland Industries Is the best!

[@bbuck2883]

So in regards to your time and price rentals. So your price is per day then?? Or is your rental price just for the time they have the dumpster?? 1 day or 20

[@Jason-bl9ov]

Take it easy no demand no excuses great video it's ur fault if u fail yes tough days ahead decide or die 😂😂😂

[@tonywood942]

What's the dimensions of your 15yd dumpster?

[@Lifes_Apprentice]

14'x8'x4.5'

[@Dad9700]

Great video.

[@Lifes_Apprentice]

Thanks!

[@mariomurgas8536]

A901 license?

[@keithN6]

There’s a guy in my area who is at least 50 bucks cheaper then the company I regularly use. I refuse to use them because of the guys piss pour attitude and horrendous people skills.

[@Lifes_Apprentice]

Being good with customers is a big deal. You have to be a people person or at least pretend to be

[@BackRoadBound]

All good points. I am working my way to 20 cans after starting with just one dump trailer about a year ago. Flipped them fast early on, but now that I have more cans I can let them sit longer. At $10/day with 20 out, that would put me at $200 day and $6000mo with them just sitting for 30 days.

[@Lifes_Apprentice]

This is exactly what I am trying to say! you are proof! thanks for wathing!

[@tomcat5986]

I really want to dive in and start my own business but I know nothing about running a business and that is what has kept me from trying. How did you learn what all is entailed to get going? I appreciate any advice or direction.

[@nickhassler2727]

The economy really messes with stuff like this. With literally everything being 100% more expensive or worse not a lot of people have an expendable income anymore. In my opinion, renting a dumpster isn't typically a requirement its something that's an elective (I.E they want to clean out a garage or start a home project) With everything being so expensive now it's eating into that expendable income and a lot of people just don't have the money for side projects.

[@Lifes_Apprentice]

I completely agree with you

[@hhprogressiveconstruction1140]

People don’t have the money to live never mind renovations on there home . Inflation is 9.1 % percent now . They spent the checks they got from the government like drunken sailers .

[@Lifes_Apprentice]

@@hhprogressiveconstruction1140 I know! my construction business is getting fewer calls as well... Not good for all of us!

[@brianbowman8691]

Why is is a different charge whether its househould trash or construction debris? I understand the weight difference on the roofing tiles but does it cost you different depending on what you are dumping?

[@Lifes_Apprentice]

We charge differently because we know it will be heavier in almost every case which will cost more at the dump

[@Dad9700]

ive noticed in many videos that you are getting paid on site. why don't you make them prepay? can you book one on your website? just curious

[@Lifes_Apprentice]

we do online bookings. we require payment at time or before the dumpster is delivered

[@SasquatchBunyan]

Thanks for your say it like it is approach. I appreciate the time you take to share your experiences.

[@Lifes_Apprentice]

I appreciate that!

[@muletowndumpsters]

at 7:10, Carpet Mill Outlet got some serious advertising. 😅

[@UnitedBates]

Almost a year later I just came to comment the same thing but saw yours. I was laughing at the irony lol

[@hhprogressiveconstruction1140]

Homeowners just don’t have the money anymore they fixed there house up over the last two years staying at home . . They want to spend it on vacations out of the house .

[@tgood1jsupra789]

Thanks for all the good info. I’m in dfw and was planning to start with a roll off and 2 cans in January. Now I’m rethinking some of my ideas

[@Lifes_Apprentice]

Just make sure you have done your research and start small and work up from there

[@bstimus1993]

What you going to do different now? I am literally wanting the same thing. 1 roll off with 2 dumpsters.

[@k.c.slawncare6046]

Your views on pricing can be applied to lawn maintenance services as well. Competing on price is a race to the bottom. This is especially important when considering what "Chuck in a truck is charging." I believe your industry's saving grace is the higher cost of entry compared to property maintenance. Either way, never compete on price! 1. Find your value proposition. 2. Know your numbers. 3. Do market research. 4. Set minimum price. 5. Set realistic expectations on what you can and want to earn. 6. Market, market, market! 7. Answer the phone. 8. Diversify service offerings, but not too much 1-4services is key. If there's enough demand for a single service, even better. "Diversification is for idiots" -Keith Kalfas

[@andrewbargo1]

I'm and Electrical Engineer full time. But my own business specializes in Home remodeling/residential Electrical/residential Plumbing. And to be completely honest, I did kind of walk away from my business as we had a child with another on the way. but another reason was that the costs of materials continued to sky rocket, as the clients wages stayed the same. So Clients would get incredibly upset at the quotes. Like to full blown trying to argue with me as I continued the same path of "I'm sorry, this is the cost for the world we're in right now. Otherwise I'm doing the work for next to free" and that defeats the whole purpose of doing the jobs. Now we didn't need the income. My wife also runs her mobile dog grooming business. So needless to say we were fine financially. But it was my true hobby, and it allowed extra income for us to treat ourselves to nicer things that we never had/did. The overview is.. Once it came down to clients constantly haggling and complaining about the cost of the job, my child being born, and the stress of children hospital visits and complications. It just wasn't worth it anymore. I walked away and ended the business. Lots of things create failure.. jumping in over your head, debt/Financials, relationship risks, family complications/health, time management. It all compiles on a person until they just don't/can't do it anymore. You're either devoted to the growth of the company, or you're determined to fall. It's really hard riding in between.

[@Mr.BrianFlowers]

Great Video like always!!

[@Lifes_Apprentice]

Thanks! I appreciate the comment and view!

[@terrence538]

p̶r̶o̶m̶o̶s̶m̶ 😡