Outline ·
[ Standard ] ·
Linear+
So Now I Am Supposed To Consider
diane26 |
May 10 2006, 03:52 PM
|
Double D's
Group: Members
Posts: 4,026
Joined: 2-January 06
Member No.: 12,556
|
|
|
|
|
Bobaloo |
May 10 2006, 04:26 PM
|
--o00o--O(_)O--o00o--
Group: Members
Posts: 7,337
Joined: 22-November 05
From: Chicago, Illinois
Member No.: 11,695
|
QUOTE(diane26 @ May 10 2006, 03:52 PM) moving to HI instead of CO. Nothing for sure just supposed to consider if I am open to it. I heard the People are mean in HI and they have HUGE ass roaches. But it might be the differeance in 40 thousand a month the husband can make if he moves there instead to partner up with his bud who he is there with now. ANyone got any personal exp there?? Make sure you have jobs lines up before you commit to moving. Hawaiians are not very trusting of mainlanders and are not willing to offer good long-term jobs at good pay. Also, cost of living is higher there. So your pay should be considerably higher to maintain lifestyle... plus, you'll be in HI, so you'll want to up that lifestyle as much as possible. Colorado is awesome too, though Now, please note, I've never been to either place, but I know people who have. My aunt moved to HI for quite a few years and it took her a very long time to find a job. Same thing with a friend of mine. You're kind of considered an outcast and probably will be for a very long time. ANyway.. I think both places would be awesome. I talk more about HI because I know more of the bad things about it. I'm sure the good could outweight the bad very easily, though. But, like I said. I've never been to either state. I'm usually the dumb schmuck who gets to look at others' vacation pictures.
--------------------
|
|
|
|
diane26 |
May 10 2006, 05:24 PM
|
Double D's
Group: Members
Posts: 4,026
Joined: 2-January 06
Member No.: 12,556
|
QUOTE(Bobaloo @ May 10 2006, 02:17 PM) 50 thousand a month??? That would be nice. I'm assuming you meant year, though, of course.I say get one of those amphibious tanks then you can just drive through the ocean. No a month, I told him it sounds to good to be true, but they keep punching the numbers and keep coming to that for his part, but the husband does not like HI and would not want to live there UNLESS he is making enough money to be worth it so he wouldnt move there unless the contracts were signed, But I do know the business and in WA in the summer months when little rain he makes 10 g's a month just him no employees, well in HI they would run a shop and have 16 employees well if you don't know the business its harsd to explain but still 50 sounds a little to much but that is what they got on 25 cars a day which is the low end the high end was over 100 g's a month. He is gonna research it more why he is there.
|
|
|
|
Isaac_Putin |
May 10 2006, 05:36 PM
|
B Cup
Group: Members
Posts: 293
Joined: 5-March 06
From: Washington DC, District of Columbia
Member No.: 13,864
|
QUOTE(diane26 @ May 10 2006, 05:24 PM) No a month, I told him it sounds to good to be true, but they keep punching the numbers and keep coming to that for his part, but the husband does not like HI and would not want to live there UNLESS he is making enough money to be worth it so he wouldnt move there unless the contracts were signed, But I do know the business and in WA in the summer months when little rain he makes 10 g's a month just him no employees, well in HI they would run a shop and have 16 employees well if you don't know the business its harsd to explain but still 50 sounds a little to much but that is what they got on 25 cars a day which is the low end the high end was over 100 g's a month. He is gonna research it more why he is there. I've been on Oahu, Maui, and the big island. I can't say this enough: 1. It's jaw-droppingly beautiful there. ALMOST everyone who goes there does not want to come back. 2. It is EXTREMELY expensive to live there (usually the second highest CPI in the USA). I don't care HOW much your husband will make. Housing prices are crazy (because it's a tourist spot and real-estate speculation has driven up prices more than in the states), food prices are crazy, and the income you will be making is speculative, not guaranteed. 3. Would you be grossing $50K a month in sales or netting $50K a month in revenue? That is a huge distinction. Even if it's net income, Hawaii is a pretty liberal state. There will be higher costs to your husband and his partner for property insurance, unemployment insurance and health insurance (assuming you are offering it) for employees. In a sea climate any equipment will age faster and have to be amortized faster. 4. People tend to get island fever. The big island is the only big island, and it takes about 90 minutes to drive from one side to the other on a winding highway. After a while, living on a small space like that could get old.
|
|
|
|
diane26 |
May 10 2006, 05:44 PM
|
Double D's
Group: Members
Posts: 4,026
Joined: 2-January 06
Member No.: 12,556
|
QUOTE(Isaac_Putin @ May 10 2006, 02:36 PM) I've been on Oahu, Maui, and the big island. I can't say this enough: 1. It's jaw-droppingly beautiful there. ALMOST everyone who goes there does not want to come back. 2. It is EXTREMELY expensive to live there (usually the second highest CPI in the USA). I don't care HOW much your husband will make. Housing prices are crazy (because it's a tourist spot and real-estate speculation has driven up prices more than in the states), food prices are crazy, and the income you will be making is speculative, not guaranteed. 3. Would you be grossing $50K a month in sales or netting $50K a month in revenue? That is a huge distinction. Even if it's net income, Hawaii is a pretty liberal state. There will be higher costs to your husband and his partner for property insurance, unemployment insurance and health insurance (assuming you are offering it) for employees. In a sea climate any equipment will age faster and have to be amortized faster. 4. People tend to get island fever. The big island is the only big island, and it takes about 90 minutes to drive from one side to the other on a winding highway. After a while, living on a small space like that could get old. He doesnt sell anything Issac But that would be 50g's after all costs that would be what he gets to keep I think doesnt include taxes though but that is after paying everyone else and stuff. His buddy already lives there and runs a shop so they have info there already on all that stuff. And most likely we would rent not buy cause for a house the size we have now is about a million dollars from what I could look up on that island. We would be living on Oahu in pearl cisy if it were to happen and if we did it since the husband does not like it there and does not want to live there it would only be for a few yearsBasically to build a huge saving and own eveyrthing outright and have enough to buy a house outright in CO when we move and anything else we have. So on and so forth. They are still crunching and recrunching numbers double checking things and looking into contracts and all that.
|
|
|
|
Isaac_Putin |
May 10 2006, 05:53 PM
|
B Cup
Group: Members
Posts: 293
Joined: 5-March 06
From: Washington DC, District of Columbia
Member No.: 13,864
|
QUOTE(diane26 @ May 10 2006, 05:44 PM) He doesnt sell anything Issac But that would be 50g's after all costs that would be what he gets to keep I think doesnt include taxes though but that is after paying everyone else and stuff. His buddy already lives there and runs a shop so they have info there already on all that stuff. And most likely we would rent not buy cause for a house the size we have now is about a million dollars from what I could look up on that island. We would be living on Oahu in pearl cisy if it were to happen and if we did it since the husband does not like it there and does not want to live there it would only be for a few yearsBasically to build a huge saving and own eveyrthing outright and have enough to buy a house outright in CO when we move and anything else we have. So on and so forth. They are still crunching and recrunching numbers double checking things and looking into contracts and all that. He doesn't sell anything? Do you mean he doesn't sell a product, like equipment? Does he sell a service that involves equipment? That's one of the things I mean. Also, to make a 10% before-tax profit for just himself (and assuming the same for his partner) that gets him $50K a month, he would have to be doing $1,000,000 a month in sales. $12 million annually. Those are the kinds of numbers he is talking about? And the $50K a month is after paying employees, health/unemployment insurance, taxes, COGS? If the profit is higher, what is his profit on these services?
|
|
|
|
Bobaloo |
May 10 2006, 05:53 PM
|
--o00o--O(_)O--o00o--
Group: Members
Posts: 7,337
Joined: 22-November 05
From: Chicago, Illinois
Member No.: 11,695
|
QUOTE(diane26 @ May 10 2006, 05:24 PM) No a month, I told him it sounds to good to be true, but they keep punching the numbers and keep coming to that for his part, but the husband does not like HI and would not want to live there UNLESS he is making enough money to be worth it so he wouldnt move there unless the contracts were signed, But I do know the business and in WA in the summer months when little rain he makes 10 g's a month just him no employees, well in HI they would run a shop and have 16 employees well if you don't know the business its harsd to explain but still 50 sounds a little to much but that is what they got on 25 cars a day which is the low end the high end was over 100 g's a month. He is gonna research it more why he is there. you said 25 cars a day. What are they doing to cars. is he a mechanic? or does he install some type of special product. does he paint??
--------------------
|
|
|
|
Isaac_Putin |
May 10 2006, 06:46 PM
|
B Cup
Group: Members
Posts: 293
Joined: 5-March 06
From: Washington DC, District of Columbia
Member No.: 13,864
|
QUOTE(diane26 @ May 10 2006, 06:37 PM) Trust me I am no sitting here talking out of my ass trying to make shit up for attention or anything, I was seriously wanting to know about living in HI and stuff take away the money part cause that wouldn't be the issues, I would love to visit but I am very on edge about living there but he just called me again and he said it would be 2 possibly 3 years max. I don't think anyone is accusing you of making anything up. Just from my experience in business, though, the numbers don't sound quite right. I have had friends in that specific business and those are some optimistic-sounding numbers (other costs are rental of facilities, equipment, consumables/paints/solvents). I think we are concerned that you might ship on over there and be left in a situation where your kind of stuck. Why did your husband decide to go out of state to do this if he was doing such good numbers already in WA? I think Hawaii would (kind of) cancel out the increased revenue with increase profits. You cannot believe what having employees will do to your bottom line (and I don't mean in a positive way). Hawaii has a lot of costs imposed for people who employ other people. Leaving all the business stuff aside, I cannot possibly think about how living in Hawaii could be a bad thing. Your sons would looooooooooooooooooooooove it.....
|
|
|
|
diane26 |
May 10 2006, 06:55 PM
|
Double D's
Group: Members
Posts: 4,026
Joined: 2-January 06
Member No.: 12,556
|
QUOTE(Isaac_Putin @ May 10 2006, 03:46 PM) I don't think anyone is accusing you of making anything up. Just from my experience in business, though, the numbers don't sound quite right. I have had friends in that specific business and those are some optimistic-sounding numbers (other costs are rental of facilities, equipment, consumables/paints/solvents). I think we are concerned that you might ship on over there and be left in a situation where your kind of stuck. Why did your husband decide to go out of state to do this if he was doing such good numbers already in WA? I think Hawaii would (kind of) cancel out the increased revenue with increase profits. You cannot believe what having employees will do to your bottom line (and I don't mean in a positive way). Hawaii has a lot of costs imposed for people who employ other people. Leaving all the business stuff aside, I cannot possibly think about how living in Hawaii could be a bad thing. Your sons would looooooooooooooooooooooove it..... Issac I didnt think anyone was accusing me I just didnt want to sound like one of those people we have talked about before ya know. He hates the weather here he has had a shop before but he never persued retail work all lot work so he cant work in the rain and with WA we get a lot of that, in the winter months he will drop down to like 5,6 a month. There wont be any suprises for him for working in HI cause his buddy he is partnering up with has lived there his whole life and has run a shop with employees for 17 years now there so he knows about all that. I know the numbers are high it is shocking what these guys make especially PDR shit PDR can earn you well over 100 grand a year easy and you barely have any outgoing costs you just got to be good at it and keep your dealers or Retail you advertise a lot if that is the route you take. Ians buddy does PDR Ian split a shop with him for a year and his buddy almost topped 200 for the year. Anyway this field of work is what he does and is around and why we go to Floriday yearly for the conventions, its rare to make it like this and it was one thing I was always pround of him for. Making that much money when he dropped out of school in the 10th grade yet was making 70 a year when he first started at age 23/24 it is sort of sickening if you ask me cause I am busting my ass to go to school and stuff to make half that
|
|
|
|
ddd35 |
May 12 2006, 06:59 AM
|
Melon Master
Group: Members
Posts: 28,815
Joined: 7-April 06
From: Peoria, Illinois
Member No.: 14,606
|
QUOTE(diane26 @ May 12 2006, 01:40 AM) Ok well no more worries Ian has decided against it. He said He would love to do it money wise but he doesn't want to partner with his buddy cause he doesn't like the way he manages and all that and says he can't see working with him as partners cause they are two different management types. He knows he could get the accounts himself if he were to just do it himself since he is the one with all the paint exp and all that but than he would be screwing over his friend by doing that and he isn't gonna do that. His friend is the one that brought him into his territory and had him train his workers and told him about the offer from the Rental agency's and all that so it would be shiesty to go in and do it himself and take it all behind his back. Which I agree no matter how much money can be made. So he said we will just stick to our CO plans as usual. Just thought I would update since I wanted advice. I am relieved not having it put on me. I would love to visit but I really do not want to live there and be that far away from everyone. usually when friends partner there ends up being trouble , sombody always get screwed , either over money , there share , or a wife or girl friend , I have a good girl friend that i talk to daily that lives in denver and she loves it , I think you will like it out there .. I have some friends that went into together and opened 3 chyropractic clinics in ohio they were making like big $$$ till one found out the other was skimming to support his gambling habit , If I were starting again I would still be a loner and do it myself and just hire help .. jsut my 2 cents worth
|
|
|
|
diane26 |
May 12 2006, 12:35 PM
|
Double D's
Group: Members
Posts: 4,026
Joined: 2-January 06
Member No.: 12,556
|
QUOTE(ddd35 @ May 12 2006, 03:59 AM) usually when friends partner there ends up being trouble , sombody always get screwed , either over money , there share , or a wife or girl friend , I have a good girl friend that i talk to daily that lives in denver and she loves it , I think you will like it out there .. I have some friends that went into together and opened 3 chyropractic clinics in ohio they were making like big $$$ till one found out the other was skimming to support his gambling habit , If I were starting again I would still be a loner and do it myself and just hire help .. jsut my 2 cents worth Yeah the husband said if he could do it himself without screwing his friend out of it than he would do it but not if it means stabbing him in the back,
|
|
|
|
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:
Track this topic
Receive email notification when a reply has been made to this topic and you are not active on the board.
Subscribe to this forum
Receive email notification when a new topic is posted in this forum and you are not active on the board.
Download / Print this Topic
Download this topic in different formats or view a printer friendly version.
|