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Overhead

Posted By: miken

Overhead - 02/22/14 03:44 AM

I'm looking into ADC work for a part time gig and I'm curious as to the overhead in investment. What are the absolute necessities?
Posted By: BUD25

Re: Overhead - 02/22/14 04:16 AM

Bottle of whiskey
Posted By: ADCofWMt

Re: Overhead - 02/22/14 04:58 AM

I am just going into my second year in this business myself.
The two bigger things I can think of are Insurance. Which will be one of your bigger entirely non-optional costs.
And though not directly a cost you will need a good vehicle. Not saying a $60k ego trip truck. But something reliable with decent gas mileage.
Posted By: Ron Scheller

Re: Overhead - 02/22/14 05:09 AM

The operating cost will vary depending on what type of work you plan to do. If you specialize in a couple animals like moles and voles, it would be relatively inexpensive. If you plan on targeting coons, skunks, opossums, groundhogs, squirrels and others, equipment cost will climb rapidly. Get into bird and bat work and it becomes nearly impossible to part-time it due to high equipment costs and recurring expenses. Any idea what you plan to target?
Posted By: Nathan Krause

Re: Overhead - 02/22/14 12:46 PM

I know I am not alone on this but what you think you will do now will change once you get rolling.

Keep an opened mind and a tight grip on your checkbook and see where things take you.
Posted By: Paul Winkelmann

Re: Overhead - 02/22/14 05:01 PM

Bud needs to be more specific. Two bottles of Old Thompson is $26 but there's a seven dollar rebate on two bottles.

ADC is right and as soon as somebody builds a reliable vehicle with decent gas mileage, we can all buy one.

When I started I got a good deal on a bunch of used cages so keep you eyes open and watch the Internet.
Posted By: miken

Re: Overhead - 02/22/14 07:18 PM

Thanks for the replies. I really don't know what I'll target at first due to my schedule. I'm a fireman and work 24 on 48 off, so it makes it hard to check traps every 24 without some sort of help. Maybe moles and voles would be a good start. Seeing as you have to pay for insurance, what's hoe going rate?
Posted By: Throw Back

Re: Overhead - 02/27/14 08:38 PM

The insurance company I talked to said $750-1000 a year
Posted By: Bob Jameson

Re: Overhead - 02/27/14 09:07 PM

There is alot of info in the archives on start up costs in this business.

More importantly is your skill level, training and hands on experience that you presently possess.If it is limited, then what will it cost you in time,expense in training and field application time needed to sharpen and practice your selected skills. Now what will your equipment costs and needs be now that you have selected your service areas.

Too many variables to give any real accurate estimate of costs with out knowing more specifics like was said. If part time is your goal it will be grow as you go and see what services will work into your existing work schedule. And while working at a full time job doing trapping and servicing captured animal calls will be challenging to do properly/legally at times.

Many things will depend on your state laws and what you can get away with while working and getting calls from some customers inquiring why you havent picked up the captured animal yet.Just some food for thought. Non visible capture work like moles as has been suggested would be a consideration. Then having the knowledge and training to trap them efficiently enough to make it pay.
Posted By: Vinke

Re: Overhead - 03/15/14 02:51 AM

ttl labor x 40 percent for burden plus 2x labor for overhead, plus labor, burden and material x 30-40% for profit...........
Posted By: Vinke

Re: Overhead - 03/15/14 02:59 AM

but whiskey sound better
Posted By: DaveK

Re: Overhead - 03/15/14 12:50 PM

$25000 does not quite go far enough.
Posted By: Paul Winkelmann

Re: Overhead - 03/15/14 07:15 PM

I have to disagree with Dave K. I started with $12.95 in my bank account and now only 26 years later, I'm up to $33.97!
Posted By: DaveK

Re: Overhead - 03/15/14 07:23 PM

There was less competition back in the day...
Posted By: HD_Wildlife

Re: Overhead - 03/15/14 08:03 PM

miken,

The best advice I can give you having only started a couple of years back now is don't go nuts buying what you think you will need.

Buy what you know you will start with and as you need buy and re-supply rather than stockpiling and looking back wondering why
you bought what you did.

This doesn't mean you might not buy several dozen of various styles of traps or certain types of gear, I however planned out all the
various wildlife species I thought I'd want to sell jobs for or would receive calls for and ultimately most of that gear is either being sold
now (for less than I paid) or it is collecting dust.

(Though wink always reminds me when I say this that the moment I sell something I'll need it, lol)

You can start a nwco business very cheaply really even with insurance and gear, it is how you grow it, advertise and other aspects that
will take the funding to a new level.

***

Other aspects include how large you'd like to be and whether you want employees ultimately or if you are going to run mostly solo.
Advertising, equipment, insurance, vehicle, tools, training, licenses (if applicable), fuel, and many many other aspects definitely all weigh in.

By now you've probably gathered enough info, but hope this helps in some regard...

Justin
Posted By: Paul Winkelmann

Re: Overhead - 03/15/14 08:59 PM

Justin is right about being able to purchase everything as you need it. When I was a one man show, compared to having 10 full time employees, is the difference between day and night.

It is the difference of buying $20 dollars worth of caulking that is on sale, to buying a skid of it for nearly 5 grand. I've said this before and it bears repeating: I am not surprised at the amount of money we make, but the money we spend just blows me away!
Posted By: DaveK

Re: Overhead - 03/15/14 11:21 PM

I guess that is the point that I try to make. It is probably much more profitable with less risk...being an employee for a good company...than being a one man show. There is so much to do to operate and it takes a team. $25k+ startup cost is for starting a business with the goal of being larger than one person. It is a rare person that is good at the technical stuff and have the computer skills and people skills. The larger companies can be more efficient...just with the flexibility that comes with multiple trucks. You can literally be everywhere at once. And Paul is buying caulk by the pallet just to save time buying it at the store every other day.

If there were a bunch of excellent one man shows in an area...consolidation is the way to go. Unfortunately, most do not seem to be running their operations with that amount of forsight.
Posted By: TRapper

Re: Overhead - 03/16/14 01:41 AM

i do the technical and the computer/people skills...i have had employees in this industry and i probably will again in the next 3 to 5 years...but we are sticking to the ground so less start up costs other than doing bird work commercially...

i also build my own website and build some for others as well for side $$...it can be done by an individual but if you are the kind that wants to grow and be big...you will have to invest more time and money for that to happen
Posted By: Vinke

Re: Overhead - 03/16/14 02:26 AM

Quote:
being an employee for a good company...than being a one man show


I am calling BS on you ........ I know you are against competition and want stronger regulations to weed out the competition. Maybe you should have started on your own instead of getting something form dada?,,,,,,,,, If I am wrong, please set me in my plac
Your first year goal should be 40,000.-80,000.(depending on you life style)

After that the sky is the limit,,,,depending on your work ethic

expansion is based on your needs,,,,, your other option is to build and sell,,,,, I have done this with a roofing company, a siding/G/C and am currently working on doing it again in a different state state........

After having a web site for 2 months ( THAT I built that sucks I am receiving request from state and federal agencies for bids)aka this is were the money is at

Sooooooooooooooooooooo,,,,,,,Dave.....One man can make a difference and I think you fear that...... let me know if I am wrong.......

Dedication,,,,,...............
Posted By: Dave Schmidt

Re: Overhead - 03/16/14 02:46 AM

Originally Posted By: Paul Winkelmann
I have to disagree with Dave K. I started with $12.95 in my bank account and now only 26 years later, I'm up to $33.97!


...that's the kind of amazing rags-to-riches story that has elevated Wink to the status of industry leader!
Posted By: DaveK

Re: Overhead - 03/16/14 12:21 PM

Well, Vinke...I do not owe you an explaination. I do want stronger competition so that the public has better choices. Your are right, I do not want more half a$$ one man shows with low standards. I get tired of hearing folks get ripped off. Do it right...or forget about it.

My father actually discouraged me from becoming a business owner. You obviously don't know anything about me.

Also, while everyone encourages folks to start out, I see the startups...and the failures each and every year. There are many casualties that have lost thousands of dollars. People do not understand the risk...and only hear that the sky is the limit. What about the other end?
Posted By: ponyboy

Re: Overhead - 03/16/14 01:06 PM

Originally Posted By: Dave Schmidt
Originally Posted By: Paul Winkelmann
I have to disagree with Dave K. I started with $12.95 in my bank account and now only 26 years later, I'm up to $33.97!


...that's the kind of amazing rags-to-riches story that has elevated Wink to the status of industry leader!


That's why everyone wants to get into nuisance work. Fast, easy, money....... smile
Posted By: TRapper

Re: Overhead - 03/16/14 05:58 PM

nuisance work is really a lot less about the trapping....it would seem that trapping is the biggest part but really finding work and keeping clients thinking about you is really the bigger part...the advertising, marketing, business administration...keeping up with taxes, etc...
Posted By: Dave Schmidt

Re: Overhead - 03/16/14 08:52 PM

Josh, that's the wisest thing I've ever heard from you. BTW, Why's it "TRapper.." with a capital "r"?
Can't get to any of your sites.
Posted By: TRapper

Re: Overhead - 03/19/14 03:56 PM

dave...i have said wise things before...LOL....the T R apper is more of a personal trademark for me...all nuisance guys and other fur guys are trappers but there is only one TRapper i don't have a problem with people saying it like T Rapper i can correct them and after that no issues plus people ask me questions

dave...changed the signature so those who have forgotten how to copy and paste can get to the sites LOL
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