Join Date: Jan 2013
Location: Youngstown, Ohio
Thanked 32 Times in 21 Posts
When i first got into the business i called one of my old bosses who was carpenter sub contractor. The first thing he said was. Ease into it and don't jump in with 2 feet. Which is very smart. Remember you need to have money held back for materials labor and unexpected expenses and you are not gonna get paid weekly.
So I just finished all the legal part of opening my pp company and am having a hard time deciding to go new or used and what brands to choose. I live in Florida. After figuring in a budget of 6 months of payments to keep the business running with no profit(worst case scenario) I have a budget of 3,500 to purchase all the Equipment I will need. I am going to start off small with jobs threw reo brokers, apartment complex's, residential move in move out services. I would like to avoid nation associations for the moment due to a 60-90 day wait on payment I want to grow the business account to have enough to hold these fees and not worry about it.
I own all the basic tools needed (drills, hand tools, circular saw, ect
-vacuum $300-$500 looking for 1 that uses bags and has a hepa filter.
i got a bissel at walmart $40 with a $5 replacement plan. They last about a year then you get a new one for free.
-Pressure Washer $300 (3000 psi Generac)priced at store
Unless you are getting a lot of big jobs doing full houses, i would hold off until you absolutly need it, i got mine for free when i bought a small troybilt ztr years ago.
-Generator $300-$800 I was thinking 3000-5000 watt not sure what size would really be needed to run vacuums, saws, lights, or what ever else I will need for job.
remember weight and portability are also important your not running the whole house off this thing. just figure how much you'd be running (at the same time) to figure out the watts.
Digital camera. I purchased a note 2 for a business cell phone. should I just use this for photos that way I can email them to clients right from on site.
Most important thing- get a tough or durable camera, don't get anything with a telescoping lens. i like the olympus tough and my nikon AW100. Get an extended warrenty.
-stock of locks and deadbolts for doors. How many should i have on hand to start I am thinking about 20 of each. at 6.59 per basic lock that's $131.80
depending on how busy you are buy as you go, i got some keycode locks i haven't used in years. Don't fall for the free shipping crap either. just buy what you need, most of the stuff i order arrives in 2 days so you don't need much lead time
-re-key kit 150- is this a good investment or should i just purchase replacement lock cylinders at $1.28 a piece and not waste my time on repining locks. Considering I plan to just drill out the cylinders to gain access. reason I am thinking of getting this is due to most apartment complexes require master keys.
-ryobi attachments for my weed eater pruner,edger, trimmer $280. Priced out at a store.
no ryobi, Echo is very good and somewhat affordable stihl is nice but expensive and get an old Husky chainsaw
out of this fund Also will need to purchase cleaning supply's and chemicals. along with office equipment like a paper shredder, file cabinet, quick books pro. I am figuring this cost at $500-$900 depending on how much bulk I purchase.
Dollar General is best for cleaning supplies unless your buying largely bulk. you can find a file cabinet at a trashout (lol) get a good printer though that uses toner and not ink carts they are expensive. and excel works great if you get it set up correctly.
-Trailer- I Currently found a 5 x 11 open utility trailer would this be a decent size for this line of work. I would build sides on it to increase linear yard holding capacity. This is the one item I cant decide on should I purchase it now or should I just rent one as needed threw a rental company. I know it will eat away at the profit margin having to rent every time I need a trailer or a roll off dumpster.
you may grow out of that small trailer pretty quick, 16' tandem is a good started you can keep 2 mowers on it, haul about 20cyrds (broken down stacked and packed)
Thanks ahead of time for any suggestions and if you have any advice for a new company would be appreciated.
Also how hard would it be to get work from a small bank I know most of them just give there work to a nation association so they don't have to deal with it but is it possible for me to snatch up some of these jobs if I meet with the bank manager and discussed cutting out the middle man or is this regulated by the government so they have to go threw these companys.