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Thread: what am i doing wrong

  1. #1
    Junior Member felixpower's Avatar
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    Default what am i doing wrong

    hi guy I have had a mowing bissness for five years now and have never made more than $4000 to $5000 a year I stared with 20 clients and now have 140
    $9000 turn over per fortnight. I do have some debit $20000 grand from gfc and 50000 grand against current bissness.
    big steve garden and handyman service

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    Senior Member seliment's Avatar
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    Default Re: what am i doing wrong

    Quote Originally Posted by felixpower View Post
    hi guy I have had a mowing bissness for five years now and have never made more than $4000 to $5000 a year I stared with 20 clients and now have 140
    $9000 turn over per fortnight. I do have some debit $20000 grand from gfc and 50000 grand against current bissness.
    These numbers don't make sense - have you made a typo?
    and
    With that level of debt - what sort of interest rate are you paying on it?

  3. #3
    Member Macka's Avatar
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    Default Re: what am i doing wrong

    Quote Originally Posted by felixpower View Post
    hi guy I have had a mowing bissness for five years now and have never made more than $4000 to $5000 a year I stared with 20 clients and now have 140
    $9000 turn over per fortnight. I do have some debit $20000 grand from gfc and 50000 grand against current bissness.

    My Business will only make 5 or 6k profit this year, that's if your talking about just business profit. I also payed myself a wage/salary all year.

    check your numbers, are you paying some one to help you

  4. #4
    Senior Member imoww's Avatar
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    Default Re: what am i doing wrong

    Those figures have to be wrong.
    Everything looks good with a haircut.... ɐuıɥɔ ɯoɹɟ pɹɐoqʎǝʞ ɐ ʎnq ı ǝɯıʇ ʇsɐl ǝɥʇ sʇɐɥʇ

  5. #5
    Senior Member Mow And Go's Avatar
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    Default Re: what am i doing wrong

    in a response ...id have to say your bookwork bud. that makes no sense to me.
    I dont break things ...I just use them beyond their operational limitations
    www.mowandgogardening.com.au

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    Member of forum ASTRO's Avatar
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    Default Re: what am i doing wrong

    Quote Originally Posted by felixpower View Post
    hi guy I have had a mowing bissness for five years now and have never made more than $4000 to $5000 a year I stared with 20 clients and now have 140
    $9000 turn over per fortnight. I do have some debit $20000 grand from gfc and 50000 grand against current bissness.
    I didn't know joe hockey was a lawnie.

  7. #7
    Junior Member felixpower's Avatar
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    Default Re: what am i doing wrong

    yes I do have staff they get $50000 this year I don't take a wage
    big steve garden and handyman service

  8. #8
    Junior Member felixpower's Avatar
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    Default Re: what am i doing wrong

    repayment are $200 and $610
    big steve garden and handyman service

  9. #9
    Member mowbro's Avatar
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    Default Re: what am i doing wrong

    $9000 a fortnight is the same as $234,000 a year turnover.

    Lets say 30% is tax, that leaves $150,000.
    $50,000 a year to your employee = $100,000 a year
    Expenses must be really high if you're only seeing $5 to $6k in profit and you're not paying yourself a wage!?!

  10. #10
    Junior Member felixpower's Avatar
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    Default Re: what am i doing wrong

    reply average 20 services a year
    big steve garden and handyman service

  11. #11
    Member Macka's Avatar
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    Default Re: what am i doing wrong

    20 mows a year $180,000
    Workers wages $50,000
    Debit repayments $810 weekly $42,000

  12. #12
    Member Macka's Avatar
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    Default Re: what am i doing wrong

    90k for wages and debit, if your running expenses are 40% that's another 70k so your left with 20k but you have to pay gst on 110k thats another 11k leaving you a total of 9k profit

  13. #13
    Member Greenie's Avatar
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    Default Re: what am i doing wrong

    lol this doesnt make sense 1 bit

  14. #14

    Default Re: what am i doing wrong

    Quote Originally Posted by felixpower View Post
    hi guy I have had a mowing bissness for five years now and have never made more than $4000 to $5000 a year I stared with 20 clients and now have 140
    $9000 turn over per fortnight. I do have some debit $20000 grand from gfc and 50000 grand against current bissness.
    If your problem is this big see an accountant 1st thing Monday!

  15. #15
    Senior Member steveo's Avatar
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    Default Re: what am i doing wrong

    Quote Originally Posted by felixpower View Post
    hi guy I have had a mowing bissness for five years now and have never made more than $4000 to $5000 a year I stared with 20 clients and now have 140
    $9000 turn over per fortnight. I do have some debit $20000 grand from gfc and 50000 grand against current bissness.
    Turnover usually means all ins and out. Could it be say $6000 revenue and $3000 expenses? That's still a lot of money coming in a fortnight.

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