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College Student Internship Update
Old 10-24-2006, 01:14 PM   #1
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College Student Internship Update

Last year my daughter (then a freshman in college) signed up for a summer internship with College Works Painting , a program run by National Services Group. She's now done and I thought I'd update you on how it went, in case any of your kids are interested in something like this.

Summary: The company is reputable, and the experience was a good one. DD learned a lot, although she ended up not making enough to cover her living expenses for the spring/summer.

She ran her own painting company after some training in marketing, painting and estimating. She bought equipment and paint, and hired crews to do the work. The training and marketing started in March, and so it interfered a bit with school work.

Once school was out she worked seven days a week interviewing and hiring, and going door to door seeking painting contracts.

By the end of the summer she had booked and completed $60,000 worth of painting jobs. CWP takes 40% of that, which left $36K. She spent 19K on payroll and 10K on paint, supplies and equipment. The result was about 7K for her.

Where she went wrong was with expenses that were too high. That is, she paid her painters too well, and bought paint that was too expensive. Her expenses were about 50% of the gross revenue whereas many of the interns had expenses of only 25%.

Bottom Line: A program like this is worth considering.
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Re: College Student Internship Update
Old 10-24-2006, 01:31 PM   #2
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Re: College Student Internship Update

Now that she has the equipment and the expertise, could she do it again next year? She'd save the franchise fee, which would make it a pretty worthwhile summer.
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Re: College Student Internship Update
Old 10-24-2006, 02:30 PM   #3
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Re: College Student Internship Update

There was a non-competition clause in the agreement.
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Re: College Student Internship Update
Old 10-24-2006, 02:45 PM   #4
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Re: College Student Internship Update

So maybe she could apply her newly gained expertise to another field (like duct cleaning? )
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Re: College Student Internship Update
Old 10-25-2006, 12:52 PM   #5
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Re: College Student Internship Update

Much as I admire TheFed, I'm not sure I want him as a mentor for my daughter.

I'm hoping that she'll get a nice, boring, non-risky job this summer.
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Re: College Student Internship Update
Old 10-29-2006, 11:41 AM   #6
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Re: College Student Internship Update

Quote:
Originally Posted by TromboneAl
Much as I admire TheFed, I'm not sure I want him as a mentor for my daughter.

I'm hoping that she'll get a nice, boring, non-risky job this summer.
Well, she already has the addresses of the people that bought her services last summer...why not teach her how to do some follow-up marketing, and sell some other product/service to her previous clients? (assuming that they were pleased with her painting ).

CWP takes ****40%**** of gross receipts!!!?!?!?!? Damn, I need to start my franchise rip-off gimick scheme business
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Re: College Student Internship Update
Old 10-29-2006, 03:41 PM   #7
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Re: College Student Internship Update

Quote:
Originally Posted by TromboneAl
There was a non-competition clause in the agreement.
I'm not sure a more than 12 month non-compete clause on "painting houses" anywhere is entirely enforceable.
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Re: College Student Internship Update
Old 10-29-2006, 06:22 PM   #8
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Re: College Student Internship Update

I figured 40% was pretty reasonable. The company provided lots of training (marketing, estimating, painting) and handled all payroll paperwork. There was also a district manager that helped with a lot of things. The name and company behind it also helped significantly (shirts with logo, web site, etc.).
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Re: College Student Internship Update
Old 10-29-2006, 10:50 PM   #9
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Re: College Student Internship Update

I thought 40% seemed high at first, but now that you explain the details, I can understand it.

What have you decided to do, Al?
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