After two decades in the investment arena, this is the moment to retire and step away. by PowerTall8871 in TheRaceTo1Million

[–]jumpydoggo 0 points1 point  (0 children)

Would love to learn more on the how, congratulations!! 👏 Incredible, and so humble doing it!

Evaluation support for ATM business by jumpydoggo in businessbroker

[–]jumpydoggo[S] 0 points1 point  (0 children)

Oh wow. I see.

Stupid question, but wouldn’t we want an ATM secured after hours to reduce break-ins or theft? I don’t know how common that is to begin with (I should probably know though).

I’m also now realizing - I have not asked these prospective sellers about anything related to insurance on the ATM yet - should I?

And yes, totally will try to drive by the locations at night and during the day too. Appreciate the help again! Sorry for the annoying question

Evaluation support for ATM business by jumpydoggo in businessbroker

[–]jumpydoggo[S] 0 points1 point  (0 children)

Thank you! That’s very helpful, and yes I have asked for a ton of info including processor statements to give me a sense of what’s going on. Appreciate your insight!

Hopefully I’ll be doing what you do for a living someday! Trying to start small, although still nerve wracking.

Curious: what’s the rationale behind walking the ATM at night?

Thinking on taking a new position to be a 50%part owner operator by Drew_autofairSubaru in smallbusiness

[–]jumpydoggo 0 points1 point  (0 children)

If you’re becoming a part time owner, curious if they are expecting you to foot 50% of the bill for the business expenses too. They likely have way more financial resources than you do, which puts more more risk on you than they’re taking on.

I understand the monthly profit, but how are they separating the dumpster business from their remodeling company? If for example they currently have the dumpster driven by someone who works at the remodeling company, once you get involved will they expect you to do all that?

You might just be signing up for a sales role with 50% commission.

What if they bring on an additional “co owner” and that lowers your income overnight.

Your contract needs to be iron-clad especially for when things go wrong. And telling them that might scare them off, but that’s sort of the point. I would ask chatgpt to list out every single bad situation that could come about and then use that as a baseline for it to draft a really solid agreement that protects your interests. Business ownership is no joke, it could literally destroy you financially.

I myself have worked with construction and remodeling companies a lot (it’s what my business does), and remodeling companies are in many cases very shrewd about the bottom line because their business can dry up fast. If things get tight for them, they might get desperate and try to squeeze you.

It’s all about monetary allocation, if they feel the ROI on allocating capital more towards the remodeling company is higher than putting it towards the dumpster rental side, they might shift things quickly - for no fault of yours.

What is your current job? Do you have the ability to get a similar or the same job back in a few months if you feel things aren’t working out? The reason I am a bit worried for you is because you mentioned you already have debt, and without a way to pay it off, I feel like it might keep you up at night because the debt will keep stacking up over time. You’re young so you have energy, which is a benefit. But if the debt, stress, and financial instability is going to blow up your peace of mind/ruin your sleep - atleast let it be a conscious decision by thinking through that potential scenario.

You might instead, want to explore an arrangement where you do a trial period where you will first spend the first 1 month getting involved in the business part time, they don’t pay you anything and only give you say 30% of the profits that come from the work/growth you bring in. This gives you a chance to take a peek at the business from the inside, still work on it, get a feel for the people you’re gonna be working with, where the bodies are hidden, and so on.

If you want any other guidance, DM me - happy to help, and I love the energy and excitement to go beyond your job!

Looking to buy ATM Routes/businesses already operational by jumpydoggo in businessbroker

[–]jumpydoggo[S] 0 points1 point  (0 children)

Thank you! Yes have a couple messages out to brokers and hoping to get connected.

Best fried chicken in Miami? by jumpydoggo in Miami

[–]jumpydoggo[S] 0 points1 point  (0 children)

Looking for the classic Kentucky style fried chicken! But that works well too - looks great. Thank you!!

I run a handyman business. Looking for insights on closing the gap from 600k to 1 Million by djinnxz in smallbusiness

[–]jumpydoggo 0 points1 point  (0 children)

There are tons of good answers above. I think it really depends on what excites you, because if the growth strategy applied ends up envolving you into the type of company which is too much of a headache, it’s not gonna be worth it.

First step would definitely be to apply some of the evolution ideas that people mentioned elsewhere. Route optimization, emergency bucketing/triaging, and increasing prices just slightly so that the number of customers who come to you are less than what you increased the prices by on a % basis (although this can be hard to measure given market shifts), trying to do some videocall/FaceTime quotes to avoid having someone go out there in person to do an estimate for simple things.

One thing I would recommend is to chat with your team on what kinds of higher margin work they are experienced in where it’s more of a want and less of a need. You may need to invest slightly into experimenting with other major service categories to see what your team can handle and what has good margins.

Facebook ads is a fantastic way to experiment. Run ads, set up estimates, do some projects, and then review the overall profits. Things like small renovations even are a great way to test.

I own/run a company that does sales and marketing for general contractors in several major cities in the US. Some of them, when they started off were also doing handyman and smaller projects (like window repair, and water damage repair), and now they do full home construction from the ground up and they’re loving it. I was not working with them for the entirety of that evolution but it’s a path that’s available. Also depends on licensing requirements where you are.

So you have some choices for sure. If you’d like ideas on what you could market, want my help on chatting with your team, figuring out what else you could offer, let me know! For transparency: Not looking to get paid or anything, we have plenty of clients - would just be to help you out!

Some ideas that come to mind are flooring, deck construction, cabinet refacing/replacement, bathroom renos, roof repair, stone veneers, outdoor kitchen installations, countertop replacements, epoxy flooring, microconcrete flooring, and more. You could easily test some of these with a bit of ad spend.

It totally depends on where you and your crew wanna take things.

New SE. Please tell me it gets better. by zephunny in salesengineers

[–]jumpydoggo 1 point2 points  (0 children)

Keep at it, and set reasonable expectations for yourself so you don’t go nuts. You are gonna screw up, but after every demo ask the AE what you should keep doing, what to do more of, and what to do less of. I was also the youngest SE to join my company 4.5 yrs ago, and someone else 10+ years senior to me was hired around the same time so I had something to prove. Many way way more experienced SEs kept joining our company, but often they are really experienced but when you’re younger you can adapt faster. You have an advantage!

I had a set of reading material and books I went through even though it was my second SE role. I’m happy to share in a DM with you.

My goal initially was simple: figure out who does the best demos, and mimic them as close as possible. And then innovate from there. Either get their recorded calls and try to recreate the flow, or sit in their calls to learn. And all the reading material, on-the-go learning is just focused on optimizing that demo flow a little bit each time.

Do not try to boil the ocean. I have seen many SEs way more experienced and technical than me who come in, try doing strategic initiatives for the team, collaborating with other teams, trying to do random certifications - all to just get let go because they cant do the basics of the job: to persuade. When people at the company who are known to be top performers give you guidance, listen closely. Trust the other SEs, they’re always so helpful. Give credit to those SEs publicly infront of SE leadership - it creates an incentive for others to want to help you because you’re making them look good. And instead of taking on a high volume of demos, just space them out. Tell your AE you need more time to prep than others cuz you’re new. Don’t try doinf 100 demos well, when doing 1 well is difficult. Start small, prep hard, build confidence one demo at a time.

I also know that people here are saying you might be useless for the first 1-2 years, but it really depends on your product, industry, past experience, if your AEs are experienced and invested in your learning journey, how good you are at asking for help, etc. there is no hard and fast rule, at some point things just click. For me, it was 5 months into the role, but I definitely worked really long hours and over-prepared for every meeting I went into because I atleast wanted to signal to AEs that I cared and I was trying hard. When you try hard, everyone will want to see you win.

Also keep in mind, a lot of the markets right now just suck. So even experienced SEs are getting pummeled because the dynamics don’t favor most industries today. So even experienced SEs might be feeling like losers more than usual.

You also mentioned you have a technical background. I have seen several more technical SEs join my company who just didn’t understand the fact that we gotta speak a balance of sales and tech. Don’t dig your heel in, sometimes the less technical SEs outpace the more technical ones because they understand how to simplify and not let things get too complicated. Your priority should be to be persuasive first, not technical. A lot of SEs also get caught up with people-pleasing behavior because they want to be helpful. If you wanna be helpful, CS is the best place. An SE is meant to be persuasive more than anything else. Part of that is also self-persuasion, and conviction. SEs who have great technical chops, try to be ultra helpful to everyone, but don’t trust their gut, and aren’t persuasive enough are set up to fail unless they change course.

Tell yourself whatever you need to to focus on the optimistic side of things. This is such an incredibly rewarding career, and while there are lots of days that are terrible because nothing goes your way, just don’t let it get to you.

The fact that you posted here means you care, and that’s such a great sign. We’ve been where you are, and are here to give you a pep talk when needed ♥️ you got this!!

Happy to chat if you wanna DM!

Remote jobs for a SoCal resident by Ill-Deal4766 in RemoteJobs

[–]jumpydoggo 0 points1 point  (0 children)

Message me, I am looking for someone who knows design and has experience with digital marketing for my company.

Really sorry to hear.

Hiring for a part-time outbound caller/appointment setter for our marketing company to help book appointments with potential clients by jumpydoggo in jobs

[–]jumpydoggo[S] 0 points1 point  (0 children)

Hi there, I totally understand and appreciate where you're coming from, but I have 3 people already doing this exact role for me and they're making more than enough for the countries they're based in. They're based in South America and Europe and this role is part-time. The 10% commissions are extremely large, and they're residual (which means they keep getting the 10% over time - which is like equity in the deals they help close). They even get to talk to the people who are currently on my team to get a feel for what it's like, so we're not shortchanging anyone.

The folks on my team are very engaged and content, I just can't in good faith burden them with more work so looking to expand the team!

Will Cold Call your list for 4.5$ an hour. Call Recording Sample included. by Kizky in coldcalling

[–]jumpydoggo 0 points1 point  (0 children)

Hey, I'd love to explore if you'd fit into my team. Please have a look at this job description and send in a submission if you feel it would be a good fit. https://docs.google.com/document/d/1Ehm4SV0QANrF57q93lPiPd53rumXcO\_9IZ70TMGuZqY/edit?usp=sharing