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  1. regilmour

    Launched my own clothing line (in less than 7 days)

    EXECUTION 
    What material do you use? Where do you get the t shirts from? In my opinion, quality is the most important thing, then fit, then if I am happy with both the quality and fit, i consider the design. Who is your target market?
  2. regilmour

    My business: a dream?

    Just do it.
  3. regilmour

    I had that idea first, and I'm GLAD they're making millions.

    IDEA MINDSET 
    Giving advice but not taking any advice offered. Hmmmm
  4. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    Yeah that website has many similarities to mine. We must have bought it from the same wordpress site vendor! I am looking at making a bunch of changes to my website to give a more personal and unique experience. Including adding a animated video about how easy it is too book etc on the home...
  5. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    Well that is an idea. But the problem is now that I am charging hourly, what would I give them a percentage off? I really did not like the flat rate model because it limits my cleaners to providing the best quality job possible because its less customisable to fit the customers needs. Some...
  6. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    Handys yelp page in Boston: Handy - Charlestown - Boston, MA Almost 500 reviews at 3 stars. I would give them a strong "meh".
  7. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    Well Handy targets more price conscious customers. They are on the low end. Their reviews online accurately describe them. They are not a phenomenal or high end cleaning company. Naturally because they don't pay their cleaners much there is a high turnover rate, so they don't retain quality...
  8. regilmour

    From £6000 in debt to a networth of £1M in 11 months

    LANDFILL 
    "I work 4 nights a week to get about £1200 at the end of the month." If you are not in school you should be working and making a lot more than this. Get another job. Occupy your time with making money from side jobs and working on your business. Pay off your debt ASAP read this, its a gold...
  9. regilmour

    I have more difficulty coming up with idea's than I executing them

    IDEA 
    Start a residential cleaning business and outsource the work...or hire employees and do it... You are never going to get anywhere if you are asking people for ideas. There are tons on this forum. Just pick one and start. You might..you probably will F*ck up the first time you start your...
  10. regilmour

    What do you need?

    HOT! 
    as soon as I read the title, i was thinking "i need customers!!!!"
  11. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    Not to mention I will be looking at getting a part time job in Boston, either working in a restaurant or valeting, and either save what I make or invest it in the business. The jobs times wont interfere with my business times either as they will be late night or weekend jobs.
  12. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    Yes that's true. But I am fortunate enough to have all my expenses covered while I am still in university. But that all ends when I finish my last summer semester in August of this year. Then I am on my own. So by then I would like to draw a small salary to pay my expenses. However, until...
  13. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    Break Even Analysis: Fixed Costs: -Website $200/yr -L27 (booking system) $960/yr -Bank $180/yr -General Liability Insurance $500-$1,000/yr -Janitorial Bond $50/yr -Professional Cleaning Certification $300/yr Total: $2190-$2690 ($2440 average) Based on a average hourly gross margin of $13.9...
  14. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    So I have come up with a pricing schedule based on frequency. 1 Time Cleanings : $45/hr -$20/hr for cleaner -$6.6/hr benefits + insurance (based on 33.3% of pay) -$18.4/hr gross margin Monthly Cleanings (10% off) : $40.5/hr -$20/hr for cleaner -$6.6/hr benefits + insurance (based on 33.3% of...
  15. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    That is true. On the other hand some clients might get their home cleaned for more often than 1 time a month, maybe 2 times a month....or weekly. But I think you are right, maybe I need to have a more conservative lifetime customer value to better reflect the realities...either 4 hours a...
  16. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    Well, that is what he suggested for the first month, then based on that he would make adjustments etc. In the end he say around $70 is the norm for cost per customer acquisition. In terms of lifetime customer value it depends on the frequency of the cleanings required, how many...
  17. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    Yeah I know. It will probably take me months and months of hard work and mistakes just to get the business to a few thousand a month in revenue. But you gotta start somewhere! I was going to outsource my google adwords to this guy i met on a facebook group, he would use a budget of $500 a month...
  18. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    Well that is a possible idea to consider. So before, when I was using the contractor model and charging flat rate prices, I found and used a pretty good team. I would pay them 70% of the job while I keep the 30%. The money they would make divided by how long they would work usually ended up...
  19. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    I think the companies that are paying their employees $6-$10 a hour to clean homes are targeting a different niche market than I am. More price conscious. I want to target the more upscale city dwellers that are willing to shell out the extra $$$ for a safe, reliable, and thorough cleaner...
  20. regilmour

    Building a Premium Residential Cleaning Company

    EXECUTION 
    Exactly. Besides that, I want to build a good relationship with the cleaners, and I think the first thing to do to achieve that is paying them a fair share of the profits.
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