What I Spend On My Moving and Storage Business
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- เผยแพร่เมื่อ 16 ก.ย. 2020
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What it costs to run my moving and storage business
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In this video I break down and legitimate expenses and profits of my small business. I think it's important to be transparent about real expectations when it comes to entrepreneurship.
For one-on-one business consulting email me at maxmahershow@gmail.com
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I’m 22 and I’ve recently been put in charge of running my fathers moving company. The last part about feeling lonely and not good enough really spoke to me. I really appreciate the content you are putting out there! I’m going to keep pushing!
Hi Andrew! How business going? I came across your comment which stuck out to me since I am in the same position. Would be awesome to connect!
I've always wanted to buy a storage building and rent out the units - physical things probably make easier tenants than people! 😂 Thanks for breaking it down!
I totally agree!
Thank you so much for sharing such awesome information! I can see how much it applies to help me track and grow my painting contracting business.
Thanks for the information! Your videos are always so informative! Really appreciate the effort you take to educate everyone!
What a way to inform your followers, way to move the information Max, thank you for caring and have a profitable day 🙂🙂🙂
Thanks for the realistic info - much appreciated
Thanks for the great content, as usual!
Thank you. You are really kind to share, and I appreciate how soft you are on the eyes too! ☀️
You are so welcome!
you always bring excellent insights, thanks again!
No problem!
Thank you Max. Brilliant!
Hi Max, once again a great video with honest upfront and helpful information. Too many people make a business of scamming others into thinking that all you need is Instagram/Amazon to be able to make millions sitting at home in your boxers. Keep up the good work!
Awesome and realistic video as always!!
Thank you! Cheers!
Thanks for sharing!
You bet!
I own a moving company as a sole proprietorship and I can definitely tell you that payroll and truck rentals are my biggest expense categories.
Very true. Recently I moved and i have a huge yard. Reached out to 12 dif. landscape businesses and 1 replied. Before contacting any of them I researched a average cost. The one guy who replied tried to charge me 30% more than the average. I found a reasonable service 50 miles away cheaper than what this local guy wanted.
I will definitely have to watch this one a few times ☺️
Hope you enjoy it!
Anyone who owns a business has my respect so much responsibility and work that goes into it, pretty much it needs your attention 24/7 but if it succeeds for you its amazing to be dependent in that way. 👍🏼
Yeah.. you never really get a day off
@@MaxMaher do you mind saying how you get customers and final question is would you like to sell the moving side of your business?
Totally agree. I rent all my trucks. I have been asked alot why i do that instead of buying my own. For me, it's alot less overhead. Then i don't have the headache of repairs if something breaks down. I have specific people i go through for those rentals as well. That way i keep the same faces and it helps them out as well. Very cool of you to do the breakdown!! Congratulations on the new ventures. Hope everything works out well for you.
Thank you! Who do you use for rentals and what are your rates?
I would like to network with you and connect I am in the process of starting a moving company !
Great videos! I'm just starting my business. Which Exel book are you using?
I am legally blind (Visually Impaired), and I've been thinking about starting up a storage business. I feel like it may be the one business worth owning that wouldn't require me to do too much except paying taxes. Americans have a lot of things they want to hold on to.
This is the only type of content I like
I like it too
Hi, Max 👋👋😀. It's been awhile since I was able to get back to see you. I like everything you do.,👍😁
Welcome back!
I don’t own a business but this is still interesting.
Hey Max, first of all - great video (as always). But I wanted to ask whether there ever will be another house cleaning company video with Stacey? I really enjoyed them, it was a great series! (also, commenting for the algorithm)
Yes, there will! I've been trying to get her to do more but she's been working crazy hours. I send her screenshots every time people ask for more episodes haha
Max Maher Awesome, I will be the first to watch it!
I still love your picture
Is your own salary/compensation included in the wages?
Driver helper payroll should be closer to 20 to 25%
One guy told me to call every week to ask if he could do it. calling as twice enough for me! Got a referral from a friend
I bought some custom moving buisness cards, any idea of where to start handing them out?
Been in the moving business my whole life. The fastest way to go bankrupt in the moving industry is to get to greedy and have crazy high monthly expenses- thinking that high expenses always bring in high profits. Bruh better hope something like the 08 housing bubble doesn’t happen again, otherwise your gonna be super beat with no jobs coming in and high monthly expenses.
The moving business is a risky business heavily reliant on the housing industry. When the markets good it’s great when the markets bad it’s a living hell that will run you dry. The most successful moving companies know this and keep smaller operations so when bad markets come they can survive with low monthly expenses. Moving business that grow to big too fast never make it in the long run because they never anticipate for the work to slow down and trust me it always slows down at some point, however it also always comes back eventually.
max!!! this is an fyi...i just started receiving in the past 2 days payments of 270$.....and on the unemployment site it said we will get those payments for 6 days in a row to equal 1800$
Good morning
Morning!
Hello sir good afternoon from Virginia
Howdy Don!
Hi there, just a question you mentioned in one of your videos how you thought of the name skinny wimp moving co, but then in this video you said you purchased a franchise? So how did you name the company if it’s a franchise? Doesn’t make sense. Hope you can get back to me 😀
Did I miss it or did you explain how you determined how much to charge in order to make a profit.
Just an FYI, the Dow dropped over 800 points today.
i wanna do this in nyc , how can i start wheres the course/coaching? are u still making money
Trucks insurance how many trucks ?
I pay over $900 for 3 trucks in CA .
What about your trucks parking?
Insurance isn't a pain. It's a complete scam.
Have you ever thought about adding a junk hauling business
We do offer junk services to our moving clients if they need it but don't really advertise it
This seems like a low number on profit. How many trucks is this from? And how many jobs?
With my rates, I avg. a gross labor margin of 26.3% in 2023
Do you recommend independent contractors, or employees?
I’m curious as well.
CPA I pay $175/mo - can u make a referral?
Max! This was so much better than a stimulus update! I am a self-employed muralist...amyspring.com. Some of the things you said, like hiring a bookkeeper to free yourself up really resonated with me, because adding labor to help paint (like me) has been tricky. Thank you for your time and for caring about small business owners enough to break things down. Have a great day!
You're a regular Bob Ross! The murals look awesome. I'm a big fan of painting
@@MaxMaher Thanks! I really want to be a writer, haha!
I really like your videos because you are such a straight shooter, but diplomatic at the same time. Sometimes funny, never petty or negative. Refreshing!
sorry for the dumb question whats the difference between labor and wages
Within gross payroll is wages (what is paid to the employee), taxes, and insurance.
Can you bring my company on under your call center?
How can i do sales/booking jobs from my cell phone?
You can create a customer on your phone using quickbooks. It will create the customer in your data base. If you want to book a job, sync your calendar to your computer main calendar. Hope this helps
I would stop wasting money on Google ads and spend that money becoming part of your local realtors association and taking part in their events
Or both!
$17k Profit, that’s off one truck/crew right?
That’s with many people and trucks
Stocks are good crypto is better
I wanted to trade crypto but got confused by the fluctuations in price
That won't bother you if you trade with a professional like Mr jake harley
I heard that his strategies are really good
Yeah
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