arebelspy
Full time employment: Posting here.
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- Apr 26, 2011
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- 625
thefed said:
Aw, sorry to hear that.
UPDATE: Mrs. Thefed's inflatable bounce house rental business...
- Thread starter thefed
- Start date
Aw, sorry to hear that.
OP
OP
thefed
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we rocked in 2011, and did 310k gross. we are on a blistering pace for 2012...about 90% growth. i expect that to settle at around 40%
chris2008
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Just amazing!
I hope that the divorce thing works out well, too.
I hope that the divorce thing works out well, too.
OP
OP
thefed
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The pace is actually up to about 120% growth...amazing.
obgyn65
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What about your children ? How are they coping with the divorce?
OP
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thefed
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Kids arent doing so well...NOTHING has been accomplished. I'm just getting word she's vacating the home I owned 7 yrs prior to our 2 year marriage - 14 months in. No visitation with kids....she doesnt follow orders and doesnt event get slapped on the wrist. It's a mess.
On the bright side, 6 months in I am maintaining a 90% growth rate in the biz...500k+ seems easily attainable. We're developing strategies for future growth...is it franchising, one big central facility, self funded satellites? We really dont know
Margins are on the climb too...but it changes daily. Shooting for 35%,,,I'd be happy with 30% I think
Also starting to consider how to build this thing to sell in 3 -5 years. Talked to some consultants and it seems most blow smoke up your ass!
On the bright side, 6 months in I am maintaining a 90% growth rate in the biz...500k+ seems easily attainable. We're developing strategies for future growth...is it franchising, one big central facility, self funded satellites? We really dont know
Margins are on the climb too...but it changes daily. Shooting for 35%,,,I'd be happy with 30% I think
Also starting to consider how to build this thing to sell in 3 -5 years. Talked to some consultants and it seems most blow smoke up your ass!
OP
OP
thefed
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- 2,203
2012 Accomplishments:
510k sales. Profit margin increased by 5%. Executed our first licensing agreement with a local competitor who still owns his equipment, yet operates under our name. Perfect safety record in 2012. Reduced negative customer comments (of any variety) to 1.5%, from nearly 4% in 2011.
2013 Goals: Meeting tomorrow with a prospective 'buyer', willing to put up the cash to open the third (and final) OMG office in NE Ohio which would complete our vision of a triangulated territory, designed for efficient operations and inventory transfer. This agreement would be a 51/49 partnership as opposed to a franchise. Increase sales to $650k. Bump profits up 4%. Reduce debt by 35%. Maintain safety record. Decrease negative customer comments to <1%. Increase repeat & referral customer rate from 27% to 31%.
510k sales. Profit margin increased by 5%. Executed our first licensing agreement with a local competitor who still owns his equipment, yet operates under our name. Perfect safety record in 2012. Reduced negative customer comments (of any variety) to 1.5%, from nearly 4% in 2011.
2013 Goals: Meeting tomorrow with a prospective 'buyer', willing to put up the cash to open the third (and final) OMG office in NE Ohio which would complete our vision of a triangulated territory, designed for efficient operations and inventory transfer. This agreement would be a 51/49 partnership as opposed to a franchise. Increase sales to $650k. Bump profits up 4%. Reduce debt by 35%. Maintain safety record. Decrease negative customer comments to <1%. Increase repeat & referral customer rate from 27% to 31%.
chris2008
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Congratulations for doing so well on the business side.
Any news about the kids? Do not give up on visitation rights.
Any news about the kids? Do not give up on visitation rights.
arebelspy
Full time employment: Posting here.
- Joined
- Apr 26, 2011
- Messages
- 625
Congrats on your success in 2012 and best of luck in 2013! I enjoy reading your updates, both business and personal.
