/biz/ - Business & Finance

>>56378818
I manage a lot for our subcontracting company doing concrete and asphalt work. We do about $6M a year. The vast majority of our work is for general contractors, both private and public work. We do most of our business with the same GC's, and just submit bids for whatever project they're trying to get. Working with general contractors is great, but the cash flow is terrible, especially for prevailing wage jobs.
>accumulate costs and payroll starting at the beginning of the month
>bill at the end of the month
>get paid at the end of the next month if you're lucky
>probably end up getting paid 60 days after billing
>withhold 10% retention, or 5% if public works. takes like 6-12 months to actually receive retention money
Still, it's probably better than running around looking at small jobs and giving them an estimate they'll most likely reject, but at least the turnover is quick.

>>55024095
follow these steps if you want to jump in a business
>mobile car wash/detail business
>finance a cheap toyota tacoma (have someone cosign) and a mobile 200g water tank w/sprayer, and other items needed
>~$35k tacoma and equipment financed for 60mo at 5% about $760/mo
>straight up go door to door and do car washes for $25-30 each (do an amazing job and treat your customer like Jesus Christ).
>keep at it all day until it gets dark and try to wash 10 cars/day.
>drop business card off when finished and offer detailing, which is where you'll make more money
you'll easily pay your financed truck and equipment off each month. if someone rang my doorbell right now and asked to wash my car for $25, i would say yes. you also get to be your own boss.

>>54759771
>Are you guys finished sperging?

It's in our nature.

SOMEONE RING THE BELL!!!

ITS STILL REAL TO ME!

>>52777987
>Real estate is such over hyped bullshit
i agree, it's the boomer investment. renting isn't nearly as bad as people make it out to be, when homeowners still have to throw money down the drain with property taxes, interest, maintenance, hoa, etc. It's better as a pure investment if you rent it out, but as a primary residence, the upfront cost of owning a home, including the opportunity cost of investing a down payment into something else, is pretty high. But, trying to add significant net worth by investing a significant amount of money into crypto is highly risky. you might as well start a successful business since that's really the only meaningful way to add significant net worth.

>>52719639

>>52486314

>>52482815
>2000+22
>He still doesn't know how to evade bans
You probably don't know how to use ad blockers either.

>>52418002
Quick, get the Ferengi onscreen.

>>52331157

>>52220222
ya, all the other ones were wild volatility- yesterday was very odd.

>>51660936
what do you do for the local government?

>>51053218
maybe you can try to first find a job as an editor or something. there also could be some political blogs or something out there that might pay per article, but i don't know how feasible that is.
>>51053639
enneagram/meyers brigg is probably just as good or better as any career aptitude test.
>>51054863
any ideas on what sector would be good?
>>51057083
i dont know what its like being a pm in any other industry, but i somehow know construction is the worst

So, no one has mentioned this yet, but isn't big reason the FAGMAN companies hire so many people that aren't strictly needed, is to try to suck talent out of the market to make it harder for any startup to compete with them? If they start shedding any decently talented people that could be quite bad for them in the long run.