I owned a 4.2 R8 from 2014 to 2018 and spent a lot of time on R8 talk and remember a lot of the members,particularly our American cousins asking Ricky for help and advice. Well done for progressing to a successful business,always highly regarded.👍🏻
My favourite episode yet, honestly didn't want it to end! Hearing a side to a service based business that isn't spoken about often, is an eye-opener. I've only just started my own web design and development business and believe me when I say this video really hits home! Keep up the good work and enjoy your getaway!
A worthwhile video for people to see. I ran a small, tiny, petite little 1 man band service/repair business and the overheads broke me when I went from mobile to 'workshop' based. No one would pay the realistic labour cost, just about breaking even after everything was paid. Lots of people want there cars fixing professionally and cheaply?!! I would always have been looking over my shoulder if I hadn't 'done it by the book'. Plenty of other 'successful' garages in the area making a killing by NOT doing it by the book. Love the true to life videos, reality check to the masses. Tip top 👌
Best video yet, great to hear how others that run their own businesses deal with all the day to day stuff and to hear how it all started.... Folk don't understand the work that goes on behind the scenes.. keep up the good work!!!!!!
Great insight into the world of business 😀 love your honesty. I Help out a friend who repairs motorcycles and people don't realise the due diligence you have to do for the sake of safety in not letting a bike leave without being safe and the costs involved in time doing things right. Keep up the content
I agree with all said. That was the best talk ever. Down to earth guys & honest of how hard it is to run a buisness. Been there done that & now retired. Never again.
Another good vid dudes . Yeps some people just don’t get how hard it is to run a business. Been there done that. From my experience you don’t start making any more money till you have 10 + more employees especially in manufacturing / building trade . My best advice would be to ‘wing ‘ it for as long as you can , don’t get greedy or too big too quick . Different for brain dead business that are a numbers game / service sector/ insurance etc. think you guys have just about got it right. If anything diversify into something that makes money without skilled manual labour as a backup/ sweetener . Still honestly can’t believe you don’t have more subs , personally I can’t be doing with American type promotional/ sponsored/ we are the best crap . Rather listen to a bit of lad banter laughs and techy stuff .❤
Best car program I’ve ever followed!! I’m Not in super car land (focus r s) really shows real life side of car maintenance and running a business! Keep up the excellent work
Great to listen to u guys. As some people don't realise the cost and pit falls. Detailing on cars is not like going to ur local Hand-wash place. For a clean
Thank god people like yourselves take the plunge and start businesses providing unique services that we all need to enable us to have the cars and motorcycles we want to own.
I used to say to people who were starting in business who were talking about employing staff. “Remember no one does you, like you do you” it’s a fine jungle working out if it’s worth it.
Trouble of it is not enough honest people out there obviously the one you had said that’s okay. It was done by the delivery man. And it’s at same old Chestnut they are quick enough to take your money, but not help you when you need it it’s always a fight. And as far as professional go people use that word but very loosely I could say I’m a professional lorry driver but the way I see it I’m just doing my job and you do it to your best ability. And it’s always good to have a reality check on Life is so shit at times but fun in others.great show 👍
Yes I agree with most comments ... with insurence... like the comment about burning to the ground ... didn't tel me about that or that ... its hard no matter how you look at it ...
So relate to yours and Jordan’s comments. I was a self employed Sparky, so most of my work was labour, don’t work don’t earn. Then I brought a lad on, and payed him a better hourly rate than I was earning. The first Christmas he worked for me, I payed him two weeks holiday pay, and we had Fuck all in the current account to go out on over Christmas. And everybody thinks you’re loaded cos you’ve got a four bed house and a V6 Mondeo on the path! 🤬🤬😂😂
If you put a %age of each paid job to one side to cover some (hopefully all) mistakes that happened in the work place, could that reduce your tax bill? Rather than increase your outgoings on insurance premiums for the next year(s)? I'm not a business owner so this is an idea thats come into my head and I'm thinking (typing) out loud. I really enjoyed the video as not being a business owner (but hope to one day work for myself/run a business) it's great to see/hear to type everyday things business owners have to deal with
Just started watching your channel and find it extremely interesting, watching all back episodes which are great, you have me hooked my babs, gert mind init 😊. I aspire to an R8 or RS6 one day but with kids have a Q7 and 8L S3 which are great, wondered what your thoughts and insights are about the SQ7 mainly and also SQ5? Know there not really ur bag but interested in ur thoughts please. Keep up the great work and try and make Karl smile/laugh for me lol
The big thing with detailing is a lot of people don’t see the value. They think they can drop their car off at a local car wash and get the same level of work done for £80.
A lady walked into my office and told us she had imported an MGB and could we convert it back to an earlier spec without all the safety front and rear bars, no emission equipment etc and convert it to RHD and knowing these cars well we took it on. Six months later we finished the job we should never have agreed to and a mechanic took it for a test drive and totalled it in a head on and what made it worse was that the owner was sitting her final exams at University and I did not tell her for some days due to jeopardising her exam results. While the insurance paid it out it cost a lot of money we could never recover.
I run my own business very small but I have to insure my self for liability for 14 years after I have completed the work I’m 60 next year so I will be still paying for insurance when I’m 74!
To be fair boys, it’s a view at real life. Tone Definitely resonates with real life. Keep up the good work and make sure you stick an m15 engine in the noble 😂😊
Jordan’s business is to a local car wash/detailer as Ricky’s is to your local KwikFit. They all know where the keys go, but we all know who to hand them to 😂
You really need to do a walkaround video of customers cars when they come in guys while customer is there so you have a record of any damage that was on it beforehand easy way to stop false claims of damage
The "I can stick film on" guys never did stripes or something that must be 100% to look good. There's a polisher in my hometown who lives from other people fucking up paint, forget holograms, guy buys the Aldi DA polisher then blows every single edge out then brings the car to him "can you fix it?". Happened to him more than once. He hates Audis because people bring them in with the black chrome that peasants ran over with a buffer and polish the black halfway off the trim. Tragic.
Haha yeah, insurance. The only thing you can pay for your whole life and get absolutely nothing in return. So many ways that insurers will wriggle out of a pay out and a real eye opener when you have to deal with them as a repairer. Many people don't realise that being under insured then translates to a percentage in the eyes of the insurer. So you are 50% under insured? then you'll get 50% of the value that you declared. Tread carefully small business owners.
The “Average” clause more commonly known as under insurance is the way insurers cut down a claims payment. I advise customers on how to avoid this as part of my day job together with policy conditions, warranties and exclusions. Particularly Motor traders like Ricky
An interesting chat. Im still struggling why your subscriber level is so small? You just be patient, something will click and you (DESERVABLY ) will be 100k + by next year.
As a fellow small business owner, I'd strongly suggest approaching a local broker for insurance where you've got a consistent point of contact and people who will fight your case in the event of a claim. I've had similar experience when dealing directly with larger insurers however using a broker has been infinitely easier and cheaper in the long run for sure.
It was interesting to hear you both talk about your early days starting out, but your comments re insurance, sort of relate back to your comments regarding "the customer doesn't know whats involved " i assume you both have trade policies that will only covet trade costs, with no element for profit allowed, this will also be the case if a vehicle god forbid, ever became a total loss, only pay out trade value..... i have worked in the insurance industry for more years than i care to remember and even i have been caught out😢 surely like every time ive had my bike on a dyno, you get the customer to sign a waiver??? Keep up the good work lads
Obviously you won't score being insured otherwise the insurance company wouldn't make a profit. I have a car rental company no insurance.its cheaper to have a odd write off the paying insurance premiums. I have a lawyer for 3 party claims though.
its businesses like yours i think about as the asshole gubberment make it harder to run ice cars as we move forward ,hope we can overcome them one way ort other ,intersting convo cheers
I owned a 4.2 R8 from 2014 to 2018 and spent a lot of time on R8 talk and remember a lot of the members,particularly our American cousins asking Ricky for help and advice. Well done for progressing to a successful business,always highly regarded.👍🏻
My favourite episode yet, honestly didn't want it to end!
Hearing a side to a service based business that isn't spoken about often, is an eye-opener.
I've only just started my own web design and development business and believe me when I say this video really hits home!
Keep up the good work and enjoy your getaway!
Thank you for watching. Good luck with your business.
Actually , you said at the end if we still have any viewers , but I found that really informative 👍
A worthwhile video for people to see. I ran a small, tiny, petite little 1 man band service/repair business and the overheads broke me when I went from mobile to 'workshop' based. No one would pay the realistic labour cost, just about breaking even after everything was paid. Lots of people want there cars fixing professionally and cheaply?!! I would always have been looking over my shoulder if I hadn't 'done it by the book'. Plenty of other 'successful' garages in the area making a killing by NOT doing it by the book. Love the true to life videos, reality check to the masses. Tip top 👌
Best video yet, great to hear how others that run their own businesses deal with all the day to day stuff and to hear how it all started.... Folk don't understand the work that goes on behind the scenes.. keep up the good work!!!!!!
Great insight into the world of business 😀 love your honesty. I Help out a friend who repairs motorcycles and people don't realise the due diligence you have to do for the sake of safety in not letting a bike leave without being safe and the costs involved in time doing things right. Keep up the content
I agree with all said. That was the best talk ever. Down to earth guys & honest of how hard it is to run a buisness. Been there done that & now retired. Never again.
Another good vid dudes .
Yeps some people just don’t get how hard it is to run a business. Been there done that.
From my experience you don’t start making any more money till you have 10 + more employees especially in manufacturing / building trade .
My best advice would be to ‘wing ‘ it for as long as you can , don’t get greedy or too big too quick .
Different for brain dead business that are a numbers game / service sector/ insurance etc.
think you guys have just about got it right. If anything diversify into something that makes money without skilled manual labour as a backup/ sweetener . Still honestly can’t believe you don’t have more subs , personally I can’t be doing with American type promotional/ sponsored/ we are the best crap .
Rather listen to a bit of lad banter laughs and techy stuff .❤
Best car program I’ve ever followed!! I’m Not in super car land (focus r s) really shows real life side of car maintenance and running a business! Keep up the excellent work
Glad you enjoy it! Thanks for watching.
Great to listen to u guys. As some people don't realise the cost and pit falls. Detailing on cars is not like going to ur local Hand-wash place. For a clean
Thank god people like yourselves take the plunge and start businesses providing unique services that we all need to enable us to have the cars and motorcycles we want to own.
Nice one lads, talking about the dark side that no one gets to see.....💯❤️
I used to say to people who were starting in business who were talking about employing staff. “Remember no one does you, like you do you” it’s a fine jungle working out if it’s worth it.
I really enjoyed this vid listening to the other side of business
You are right about insurance - only worth claiming for the major things. That is how they make their money, by not paying out in full or at all.
Trouble of it is not enough honest people out there obviously the one you had said that’s okay. It was done by the delivery man. And it’s at same old Chestnut they are quick enough to take your money, but not help you when you need it it’s always a fight. And as far as professional go people use that word but very loosely I could say I’m a professional lorry driver but the way I see it I’m just doing my job and you do it to your best ability. And it’s always good to have a reality check on Life is so shit at times but fun in others.great show 👍
Good chat about running business.
Outstanding vidjeo again Ricky u keep getting btr man hang in there the subs will come
Thank you.
Just love the down to earth conversations.
Thank you
Yes I agree with most comments ... with insurence... like the comment about burning to the ground ... didn't tel me about that or that ... its hard no matter how you look at it ...
So relate to yours and Jordan’s comments. I was a self employed Sparky, so most of my work was labour, don’t work don’t earn. Then I brought a lad on, and payed him a better hourly rate than I was earning. The first Christmas he worked for me, I payed him two weeks holiday pay, and we had Fuck all in the current account to go out on over Christmas. And everybody thinks you’re loaded cos you’ve got a four bed house and a V6 Mondeo on the path! 🤬🤬😂😂
If you put a %age of each paid job to one side to cover some (hopefully all) mistakes that happened in the work place, could that reduce your tax bill? Rather than increase your outgoings on insurance premiums for the next year(s)? I'm not a business owner so this is an idea thats come into my head and I'm thinking (typing) out loud.
I really enjoyed the video as not being a business owner (but hope to one day work for myself/run a business) it's great to see/hear to type everyday things business owners have to deal with
Just started watching your channel and find it extremely interesting, watching all back episodes which are great, you have me hooked my babs, gert mind init 😊. I aspire to an R8 or RS6 one day but with kids have a Q7 and 8L S3 which are great, wondered what your thoughts and insights are about the SQ7 mainly and also SQ5? Know there not really ur bag but interested in ur thoughts please. Keep up the great work and try and make Karl smile/laugh for me lol
Really interesting discussion, cheers
Thank you for watching
All those negatives you mention about the "business" is exactly why I gave up owning a workshop. I can identify with all those scenarios!
I have a friend who details corporate jets. Its a bit more complicated than a bucket of soapy water.
A LOT of customers try it on damage wise it’s sad but true
The big thing with detailing is a lot of people don’t see the value. They think they can drop their car off at a local car wash and get the same level of work done for £80.
Ahhh MLR days that brings back memories from my tme days
Such a real world video...
A lady walked into my office and told us she had imported an MGB and could we convert it back to an earlier spec without all the safety front and rear bars, no emission equipment etc and convert it to RHD and knowing these cars well we took it on. Six months later we finished the job we should never have agreed to and a mechanic took it for a test drive and totalled it in a head on and what made it worse was that the owner was sitting her final exams at University and I did not tell her for some days due to jeopardising her exam results. While the insurance paid it out it cost a lot of money we could never recover.
great topic
I run my own business very small but I have to insure my self for liability for 14 years after I have completed the work I’m 60 next year so I will be still paying for insurance when I’m 74!
To be fair boys, it’s a view at real life. Tone Definitely resonates with real life. Keep up the good work and make sure you stick an m15 engine in the noble 😂😊
a real eyeopener, just shows that doing the right thing pays in the long run .....well most of the time
Jordan’s business is to a local car wash/detailer as Ricky’s is to your local KwikFit. They all know where the keys go, but we all know who to hand them to 😂
You really need to do a walkaround video of customers cars when they come in guys while customer is there so you have a record of any damage that was on it beforehand easy way to stop false claims of damage
Ask Matty about his Evo 10 💪🏼💪🏼🔥🔥
Imo if u built engine and it blows on dyno its down to u and customer? If someone brings u a car u dont no and it blows its up to them or i am wrong.
Must say all Insurance is a fooking Joke rip off money spinners. cheers guys great talk.
The "I can stick film on" guys never did stripes or something that must be 100% to look good. There's a polisher in my hometown who lives from other people fucking up paint, forget holograms, guy buys the Aldi DA polisher then blows every single edge out then brings the car to him "can you fix it?". Happened to him more than once. He hates Audis because people bring them in with the black chrome that peasants ran over with a buffer and polish the black halfway off the trim. Tragic.
This is why so many people, even really unlikely people, end up involved in insurance scams.
New subscriber, uk Leicester
WHY DOES IT COST THAT MUCH????????? Listen to what these gentlemen are saying.
You seen his hourly rate!
My standard response is I’m not expensive to just can’t afford it 😉
Haha yeah, insurance. The only thing you can pay for your whole life and get absolutely nothing in return. So many ways that insurers will wriggle out of a pay out and a real eye opener when you have to deal with them as a repairer.
Many people don't realise that being under insured then translates to a percentage in the eyes of the insurer. So you are 50% under insured? then you'll get 50% of the value that you declared. Tread carefully small business owners.
The “Average” clause more commonly known as under insurance is the way insurers cut down a claims payment. I advise customers on how to avoid this as part of my day job together with policy conditions, warranties and exclusions. Particularly Motor traders like Ricky
An interesting chat. Im still struggling why your subscriber level is so small? You just be patient, something will click and you (DESERVABLY ) will be 100k + by next year.
So are we looking out for RE insurance ????
insurance and indemnity, you have to pay to play , this is why you charge what you charge , hope you’ve paid off the snap on man too
MLR, Passion Ford, Migweb loads of forums and they were all killed by social media platforms despite still being available
Especially if you drift out the car park 🤣
RIP Edtion 38 forum !
As a fellow small business owner, I'd strongly suggest approaching a local broker for insurance where you've got a consistent point of contact and people who will fight your case in the event of a claim.
I've had similar experience when dealing directly with larger insurers however using a broker has been infinitely easier and cheaper in the long run for sure.
It was interesting to hear you both talk about your early days starting out, but your comments re insurance, sort of relate back to your comments regarding "the customer doesn't know whats involved " i assume you both have trade policies that will only covet trade costs, with no element for profit allowed, this will also be the case if a vehicle god forbid, ever became a total loss, only pay out trade value..... i have worked in the insurance industry for more years than i care to remember and even i have been caught out😢 surely like every time ive had my bike on a dyno, you get the customer to sign a waiver??? Keep up the good work lads
I can't find my login for MLR 😂
Obviously you won't score being insured otherwise the insurance company wouldn't make a profit. I have a car rental company no insurance.its cheaper to have a odd write off the paying insurance premiums. I have a lawyer for 3 party claims though.
its businesses like yours i think about as the asshole gubberment make it harder to run ice cars as we move forward ,hope we can overcome them one way ort other ,intersting convo cheers
It was interesting.
you both pulled a Karl there! 😜 Insurance is a bstard in every game.
Just remember guys insurance companies are only there to make money, not for your benefit I’m afraid. Great insite though😊
True. They’re not a charity
Come on Kate, cheer us all up, lol 😆
That’s out of my pay grade I’m afraid 🤪
Ouch 🤮
Insurance is one grey area.
It’s only grey if you don’t fully understand how it works
I'm all depressed after watching that......
I'm sure because people paint their house they think painting and detailing cars is easy. Errrrr no!
Plenty idiots who buy supercars rent em rag em or work at a dealers 🤣
Insurance is nothing but legalised racketeering
Doh
Getting sacked is great 👍
MLR is literally dead.........
Could Ricky get a hair transplant rather than pritsticking his Mrs foof shavings to his face in lieu of a beard
Well it’s the cheaper option 😂😅🤦🏼♀️.