Low-risk business that provides a living wage

Discussion in 'General Business Forum' started by Danvansmit, Aug 3, 2019.

  1. Danvansmit

    Danvansmit UKBF Newcomer Free Member

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    Got my first baby on the way so would like the flexibility of being self-employed and earn a living wage.

    I am looking for ideas got about 7k starting capital.

    Thanks in advance
     
    Posted: Aug 3, 2019 By: Danvansmit Member since: Aug 2, 2019
    #1
  2. AllUpHere

    AllUpHere UKBF Ace Free Member

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    Buy a cheap estate car, a hedge cutter, and a few hand tools. Done well, you'll easily make a profit of between 200 and 300 quid a day, depending on where you are in the country.
     
    Posted: Aug 3, 2019 By: AllUpHere Member since: Jun 30, 2014
    #2
  3. Mr D

    Mr D UKBF Legend Free Member

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    Old van, some brushes and some buckets. Plus install a water supply in the van.
    Window cleaner.


    Earning a living wage after expenses may be some time - like any small business you can earn a lot less too. There are no guarantees.
     
    Posted: Aug 3, 2019 By: Mr D Member since: Feb 12, 2017
    #3
  4. DavidWH

    DavidWH UKBF Enthusiast Free Member

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    For a minute I thought you were going to say Pump, could make a killing up here pumping water out of peoples homes... bit seasonal and unpredictable though
     
    Posted: Aug 3, 2019 By: DavidWH Member since: Feb 15, 2011
    #4
  5. fisicx

    fisicx It's Major Clanger! Staff Member

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    Dog walking, domestic cleaning, gardening, car washing, patio/driveway steam cleaning, wheelie bin cleaning, envelope stuffing, flyer delivery.
     
    Posted: Aug 3, 2019 By: fisicx Member since: Sep 12, 2006
    #5
  6. JEREMY HAWKE

    JEREMY HAWKE UKBF Legend Full Member

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    The OP said low risk he could fall of the ladder doing this :confused::confused:
     
    Posted: Aug 3, 2019 By: JEREMY HAWKE Member since: Mar 4, 2008
    #6
  7. fisicx

    fisicx It's Major Clanger! Staff Member

    30,558 8,973
    Or get cold hands
     
    Posted: Aug 3, 2019 By: fisicx Member since: Sep 12, 2006
    #7
  8. Mr D

    Mr D UKBF Legend Free Member

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    May surprise you to know most window cleaners appear to not fall off ladders.
    Perhaps ladders are relatively safe?
     
    Posted: Aug 3, 2019 By: Mr D Member since: Feb 12, 2017
    #8
  9. Danvansmit

    Danvansmit UKBF Newcomer Free Member

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    Hi mate my location is south Wales ?
     
    Posted: Aug 3, 2019 By: Danvansmit Member since: Aug 2, 2019
    #9
  10. bodgitt&scarperLTD

    bodgitt&scarperLTD UKBF Regular Free Member

    132 43
    Sound advice in principle, but that particular setup would be at the low end of the market and would struggle to make £150 a day down South, never mind up north. £300 is simply not achievable on a regular basis (or even at all) for one man in a day with just a car and hedgecutter. Even charging London rates the dead time between jobs would prevent it.

    Every short of work bloke on the council estate has an estate car and hedgecutter. £18-20 an hour is the norm for that even in wealthy Sussex. To make the money you need a large truck to take the waste away, ladders, lots of tools and most importantly to be quoting the jobs. OP could easily do that for £7k startup.

    I bought a ride on mower cheap last month. With a guy working alongside me on the strimmer, I can do £400-£500 profit a day, but thats only because I had existing contracts that previously I just sent a labourer and push mower to do. I only do it one day every two weeks, as we only work a couple of miles from our base and I'm not that interested to be chasing further away work- travelling time is dead time.

    Digger and driver work is pretty steady. Five year finance on a decent micro digger brand new is around £230 a month- get a five year warranty too. £200-£280/day depending upon location, and you'll burn a fiver worth of diesel. Second hand Transit tipper for £4k, £3k for deposit on digger, advertising and basic groundwork tools. You only need 1 day work a month to pay the finance- pretty risk free and diggers hold their value well.

    You have to be realistic about trades like these- they have low barriers to entry. You can make money in them, but it takes time and finding a niche or scaling them.
     
    Posted: Aug 3, 2019 By: bodgitt&scarperLTD Member since: Nov 26, 2018
    #10
  11. bodgitt&scarperLTD

    bodgitt&scarperLTD UKBF Regular Free Member

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    Jesus mate, good luck. You're gonna need it.
     
    Posted: Aug 3, 2019 By: bodgitt&scarperLTD Member since: Nov 26, 2018
    #11
  12. Danvansmit

    Danvansmit UKBF Newcomer Free Member

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    Is there not alot of demand ?
     
    Posted: Aug 3, 2019 By: Danvansmit Member since: Aug 2, 2019
    #12
  13. AllUpHere

    AllUpHere UKBF Ace Free Member

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    You'll notice I said, done well. I'm not suggesting he competes with the unemployed.
    Just because he would work out of a car, doesn't mean he would be 'low end'.

    We will probably just have to agree to disagree, but I have had hundreds of clients over the years who have offered similar services, and not a single one has ended up charging less than 36 quid an hour as an absolute minimum.

    The beauty of trades and basic services are that most of the people who operate in the industry do so because they aren't capable of much else. This gives a massive opportunity to anyone with a bit of savvy, to walk in, take all the best clients, and make twice as much as the existing competition.
     
    Posted: Aug 3, 2019 By: AllUpHere Member since: Jun 30, 2014
    #13
  14. Mr D

    Mr D UKBF Legend Free Member

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    Ah I still remember the days of garden work where the staff would get £10 a day in wages...
    A pair of twins I knew decided they didn't want to work for that, pooled their money and got an old truck and started doing jobs themselves, not for a boss.
    The first year their income went down. They were working in terms of wage for less than £10 a day, spent considerable amount on marketing their services.

    Took about 15 years to sell the business for a couple of million.
     
    Posted: Aug 3, 2019 By: Mr D Member since: Feb 12, 2017
    #14
  15. AllUpHere

    AllUpHere UKBF Ace Free Member

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    High volume gardening work is a pain in the bum because you have to compete only on price. Companies who want such work employ complete monkeys who are too dim to work on the bins or in a supermarket, and send them out to make a complete dogs dinner of whatever they are doing. That is completely the opposite of what I'm suggesting.
     
    Posted: Aug 3, 2019 By: AllUpHere Member since: Jun 30, 2014
    #15
  16. bodgitt&scarperLTD

    bodgitt&scarperLTD UKBF Regular Free Member

    132 43
    Whilst I agree in principle with what you are saying, and indeed practice it myself, working out of a car is most definately seen as low end. I'd be curious to know how your clients differentiate themselves from the rest of the market with just a car and a hedgecutter. Specialist horticultural knowledge would be one way, but generally requires years of study and/or apprenticing.
     
    Posted: Aug 3, 2019 By: bodgitt&scarperLTD Member since: Nov 26, 2018
    #16
  17. The Byre

    The Byre UKBF Ace Free Member

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    Wales???

    GDP-per-capita $25,000, the whole of the UK $45,000. Even the Czech Republic has $37,000. With one-quarter of the population below the poverty line, I wouldn't start anything in South Wales - you can't sell stuff to people who have not got any money!
     
    Posted: Aug 3, 2019 By: The Byre Member since: Aug 13, 2013
    #17
  18. Mr D

    Mr D UKBF Legend Free Member

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    There are tons of people in any part of the UK who do have money.
     
    Posted: Aug 3, 2019 By: Mr D Member since: Feb 12, 2017
    #18
  19. Mr D

    Mr D UKBF Legend Free Member

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    So the OP goes for something other than high volume gardening work.
     
    Posted: Aug 3, 2019 By: Mr D Member since: Feb 12, 2017
    #19
  20. AllUpHere

    AllUpHere UKBF Ace Free Member

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    There are people with money everywhere. If he was looking to start a large business i'd agree with you, but in his position it simply doesn't matter. If he can find a dozen people who will appreciate his work within driving distance, he's sorted himself a decent income.
     
    Posted: Aug 3, 2019 By: AllUpHere Member since: Jun 30, 2014
    #20