$50k/Months and Only Spending 10 Hours a Week Working, HOW?
Seriously, I only work 10-15 hours a week...
Let me show you how you can do this as well!
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1/ The residential cleaning industry can be INSANELY LUCRATIVE but it is by no means easy and it takes a ton of work.
It took me 4 years to get here. BUT I believe you can get here WAY FASTER than me if you put some good systems in place.
2/ I have -
NO assets
NO equipment
JUST cashflow focused
I contract out 100% of my house cleaning customers. I focus on mitigating as many expenses as possible all while trying to generate as much cash flow as possible so I can invest that into new biz ventures and assets.
3/ Firstly let's breakdown my operation:
1. Myself - Invoicing, Marketing, Budgeting, and Overseeing any customer complaints or emergencies. (All this stuff I am offloading this month also.)
2. Operations Manager - All fieldwork and quality control of cleaners.
Cont...
4/
3. VA #1 - Handles all customer service, customer scheduling, and cleaner schedules.
4. VA #2 - HR specific, they handle all HR tasks such as applicants, pipeline management, and creating frictionless onboarding processes.
5/ Tech Stack:
1. Jobber 2. Indeed jobs 3. Google - Ads, Email, Docs 4. RingCentral
Yes, that is crazy that something so simple can run an operation grossing 50k/month.
6/ I truly believe you could scale this to 100k+ months if you worked hard and focused on the operations of the business.
This trick with this business and industry and how you scale super fast is AUTOMATE AND TEMPLATE WORKFLOWS.
The less work you do inside the biz the better.
7/ The cleaning industry as a whole is old school and so far behind.
You have large monopolies running huge operations and then you have SUPER small companies that are just individuals that have no clue what they are doing.
This is where you step in...
8/ You can provide a helping hand to these smaller operations and contract them out to complete services for you. The best part about that is you can automate 90% of it through software and automation tools.
9/ This business model can be a side hustle or full-time business.
I have grown this business over 4 years and at one point I was working a full-time job all while grossing 20k months and growing.
For every RT this gets Iโll post a comment with some advice/tips about the Cleaning Industry.
Residential and Commercial! ๐๐ป
Also if you have a specific question like and leave a comment below and I'll answer it as well.
#1 Hire Earlier rather than later.
If you have over 5 contractors and you are doing on average 3-4 appointments a day you need to look into hiring a "Quality control manager" or an "ops manager"
Quality control is the most important thing and its one of fastest things to go
2/ In August and September combined, I did over 100/1-hour zoom meetings for consultations. I met with people daily interesting in launching or growing their cleaning business.
Playing College Sports Helped Me Directly In Entrepreneurship.
In my senior year of high school, I was recruited to play Lacrosse at an NCAA Div II college in North Carolina.
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1/ The online hype talking about not going to college or university and trying to become an entrepreneur right out of high school is 100% cringe and it really isn't the right route for the majority of people.
2/ I truly believe I learned some of the most valuable skills through being a student-athlete and these skills directly translate to entrepreneurship.
3 things my co-founders and I did, to make sure a strong partnership was built -
1. Shareholders Agreement: I recommend this for everyone who is going into a business with partners.
You do not want to build a partnership on assumptions.
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2. Company Roles - We each were transparent about our roles.
We each have strengths and interests and we really focused on those. We created roles and job titles that were based on those strengths.
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We understand that we each will be wearing many hats at the beginning of our start-up but being transparent of responsibilities is important.
3. Weekly Goals and Monthly OKRs - Everyone has weekly goals and OKRs that are set for something to work towards.
Low barrier to entry, old school businesses are my favorite and I want to show you why.
Let's break it down ๐งต
1/ You have the ability to launch an STR Management business with as little as 10k and I honestly believe it could be done even cheaper if you really wanted to bootstrap it.
Some Transparency - I am new to the STR Industry and...
2/ I am launching a business this year BUT I do have an eye for bootstrapping and launching businesses in old school industries.
So let's break down exactly what I did to launch my STR Management business with under 10k capital.
$40-45k/Month Gross Rent - Collecting 25%!! THAT is what I was missing out on!
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1/ I never realized how many opportunities were in the STR Management space.
Are the rates and demand 100% in correlation with the location I'm in? YES. I am fortunate with my location.
BUT I honestly believe that you have the ability to do this in most cities.
2/ I came to this conclusion by cleaning many different vacation rentals. In an average summer, we do around 20-30 vacation rental cleaning turnovers in a week.
I started noticing that we were handling a ton of the management...