mainor5251 Posted November 3, 2011 Share Posted November 3, 2011 My goal is to do vending full time by the beginning 2014. A few things that have dawned on me. Never gonna make it full time running triple candy machines, didn't want to listen at first so I learned the hard way. Another is and this kinda goes hand and hand with first one, doesn't matter what your customers want if you are not making enough profit on it to make it worth while, it's my business and I typically know what sells the best not them. And lastly this just dawned on me this morning, how can I expect to make this a full time job if I'm not putting full time hours in, so from now on I will be keeping track of all time spent doing vending related activities. Goal is to put in 40 hours a week either servicing, locating, refurbing and another 20 hours for paper work, organizing, vendiscuss or whatever. I think 60 hours a week is pretty normal for business owners. Link to comment Share on other sites More sharing options...
caserri Posted November 3, 2011 Share Posted November 3, 2011 Great post! Lots of good points in a nice little nutshell. One thing I would suggest though is to put TVF a bit higher on the list. Say maybe 30 of the 60 hours should be devoted here. Who knows, maybe in 2014 you can be a "PRO"? Sent using Tapatalk from a phone that's smarter than me. Link to comment Share on other sites More sharing options...
antoniocinisi Posted November 4, 2011 Share Posted November 4, 2011 what is this PRO that you talk about Steve? good plan mainor! Link to comment Share on other sites More sharing options...
Big Mike Posted November 12, 2011 Share Posted November 12, 2011 My goal is to do vending full time by the beginning 2014. A few things that have dawned on me. Never gonna make it full time running triple candy machines, didn't want to listen at first so I learned the hard way. Another is and this kinda goes hand and hand with first one, doesn't matter what your customers want if you are not making enough profit on it to make it worth while, it's my business and I typically know what sells the best not them. And lastly this just dawned on me this morning, how can I expect to make this a full time job if I'm not putting full time hours in, so from now on I will be keeping track of all time spent doing vending related activities. Goal is to put in 40 hours a week either servicing, locating, refurbing and another 20 hours for paper work, organizing, vendiscuss or whatever. I think 60 hours a week is pretty normal for business owners. Wendi is full time. The goal for me is to be full time too. The biggest problem we face is insurance and getting rid of the vending debt. We have been working for two years on our debt and have not used our vending income to live on for a year now. We live on my income from a regular job. Vending gross sales goes to buying product, expanding and paying down debt. Once the debt is paid we are going to make the jump to 100% small business owners. Scary! Mike Link to comment Share on other sites More sharing options...
Hillbilly Posted November 12, 2011 Share Posted November 12, 2011 Wendi is full time. The goal for me is to be full time too. The biggest problem we face is insurance and getting rid of the vending debt. We have been working for two years on our debt and have not used our vending income to live on for a year now. We live on my income from a regular job. Vending gross sales goes to buying product, expanding and paying down debt. Once the debt is paid we are going to make the jump to 100% small business owners. Scary! Mike Yes, it is scary. I still have a few years ( I think) before I can switch to vending full time. The insurance is my hold up. I know my spending is in check but I don't know what to do about the insurance. I am on maintenance drugs and they ain't cheap. I'm coming up on 2 years, and have put all the income back in the business. Link to comment Share on other sites More sharing options...
mainor5251 Posted November 12, 2011 Author Share Posted November 12, 2011 Yes, it is scary. I still have a few years ( I think) before I can switch to vending full time. The insurance is my hold up. I know my spending is in check but I don't know what to do about the insurance. I am on maintenance drugs and they ain't cheap. I'm coming up on 2 years, and have put all the income back in the business. no more medical marijuana for you Link to comment Share on other sites More sharing options...
havending Posted November 12, 2011 Share Posted November 12, 2011 There are many small business insurance plans us. We have s blue cross plan with basic co pays and drug coverage. We only pay 300 a month. For all four Sent from my Desire HD using Tapatalk Link to comment Share on other sites More sharing options...
mission vending Posted November 13, 2011 Share Posted November 13, 2011 Im with Humana with my two girls at about 350 a month. Link to comment Share on other sites More sharing options...
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