Get into the Janitorial Business; here’s Why:
I’m Peter Boland, and I have been running One Janitorial for nine years. In this blog, I will tell you the number one reason why you should start one of your own. Escaping the Grind, I was all of 26, running call centers in the Philippines, when I decided to get back and start my own business. I knew I didn’t want to work for someone else but myself instead. I wanted to avoid creating a company where I would face a feast or famine situation. I needed to break free of the vicious cycle of making a sale and making some money from it, then repeating the process repeatedly. To counter it, I looked for a business that guaranteed cash flow every month. That is when I discovered the janitorial industry. My life has not been the same ever since then.
Janitorial Business Promises Steady Cash Flow
The assured cash flow is the number one reason I chose this business. I know for a fact that if I go out and make a deal today, I’m going to make money from the contract every single month. It is also why the janitorial industry continues to thrive. Think of it this way. It’s like you have a piece of property and a tenant in the same place. You clean and maintain the property. You also have a tenant right there who sits back, lets you do your work, and pays you for it. The more contracts and deals you sign, the more value and success your business holds. Let’s say I have 600 contracts, and I’m making $250 on every single one of them. By the end of the year, I will have garnered a whopping $150,000. What’s more? I could sell my business if I wanted to. It has every element that makes a company successful with contracts and incredible cash flow.
Avoid Most Commonly Made Mistakes
Of course, all businesses have ups and downs. You can have a successful business valued by your clients one day and then watch it go up in flames for one mistake. In the janitorial business, the biggest mistake I’ve seen people commit is expecting a $750 profit from a $1000 contract. These people bill their clients $50 an hour because they think this is what their time is worth. Now, that’s an issue. What you can do instead is look at each contract as a bit of cash every single month. It’s not like making a real estate purchase. People investing $100,000 on a property expect a meagre 3-7% cashback every month. That amounts to anywhere between $3000 to $7000. But, for them, the value of a piece of property is evident only when they sell it.
That’s far from the case when it comes to the janitorial business. You can get a contract, train somebody to put on the task, and you’ll make a good 25%-50% profit on it. When you plan to sell the business over time, you’ll still make a profit on it, based on how successful your business is.
Wrapping It Up
The best part of owning a janitorial business is the cash flow it gives you, unlike any other investment you could make.
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