What I Spend On My Moving and Storage Business

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What it costs to run my moving and storage business
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In this video I break down and legitimate expenses and profits of my small business. I think it's important to be transparent about real expectations when it comes to entrepreneurship.
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Пікірлер: 112

  • @andrewbrown1846
    @andrewbrown18463 жыл бұрын

    I’m 22 and I’ve recently been put in charge of running my fathers moving company. The last part about feeling lonely and not good enough really spoke to me. I really appreciate the content you are putting out there! I’m going to keep pushing!

  • @jacobamezcua2337

    @jacobamezcua2337

    10 ай бұрын

    Hi Andrew! How business going? I came across your comment which stuck out to me since I am in the same position. Would be awesome to connect!

  • @AlexRaePersonalFinance
    @AlexRaePersonalFinance3 жыл бұрын

    I've always wanted to buy a storage building and rent out the units - physical things probably make easier tenants than people! 😂 Thanks for breaking it down!

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    I totally agree!

  • @suzannecote2540
    @suzannecote25403 жыл бұрын

    Thank you so much for sharing such awesome information! I can see how much it applies to help me track and grow my painting contracting business.

  • @truthandlove1111
    @truthandlove11113 жыл бұрын

    Thank you. You are really kind to share, and I appreciate how soft you are on the eyes too! ☀️

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    You are so welcome!

  • @leonardallen7380
    @leonardallen73803 жыл бұрын

    What a way to inform your followers, way to move the information Max, thank you for caring and have a profitable day 🙂🙂🙂

  • @melissadouthit1418
    @melissadouthit14183 жыл бұрын

    Thanks for the information! Your videos are always so informative! Really appreciate the effort you take to educate everyone!

  • @dawnfoster6530
    @dawnfoster65303 жыл бұрын

    Thanks for the realistic info - much appreciated

  • @andrewmorris9372
    @andrewmorris93723 жыл бұрын

    Thanks for the great content, as usual!

  • @Frenetic321
    @Frenetic3213 жыл бұрын

    Thank you Max. Brilliant!

  • @tjarnaiz2678
    @tjarnaiz26783 жыл бұрын

    you always bring excellent insights, thanks again!

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    No problem!

  • @issamorris4876
    @issamorris48763 жыл бұрын

    Thanks for sharing!

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    You bet!

  • @ryanferrier6187
    @ryanferrier61873 жыл бұрын

    Awesome and realistic video as always!!

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    Thank you! Cheers!

  • @lorigraham8127
    @lorigraham81273 жыл бұрын

    Totally agree. I rent all my trucks. I have been asked alot why i do that instead of buying my own. For me, it's alot less overhead. Then i don't have the headache of repairs if something breaks down. I have specific people i go through for those rentals as well. That way i keep the same faces and it helps them out as well. Very cool of you to do the breakdown!! Congratulations on the new ventures. Hope everything works out well for you.

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    Thank you! Who do you use for rentals and what are your rates?

  • @deijacarty7084

    @deijacarty7084

    Жыл бұрын

    I would like to network with you and connect I am in the process of starting a moving company !

  • @BUTTA170
    @BUTTA1703 жыл бұрын

    Hi Max, once again a great video with honest upfront and helpful information. Too many people make a business of scamming others into thinking that all you need is Instagram/Amazon to be able to make millions sitting at home in your boxers. Keep up the good work!

  • @fairy7101
    @fairy71013 жыл бұрын

    I will definitely have to watch this one a few times ☺️

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    Hope you enjoy it!

  • @seanramsure9764
    @seanramsure97643 жыл бұрын

    I own a moving company as a sole proprietorship and I can definitely tell you that payroll and truck rentals are my biggest expense categories.

  • @akhytzhandos3043
    @akhytzhandos3043 Жыл бұрын

    Great videos! I'm just starting my business. Which Exel book are you using?

  • @ernestolopez23
    @ernestolopez233 жыл бұрын

    Anyone who owns a business has my respect so much responsibility and work that goes into it, pretty much it needs your attention 24/7 but if it succeeds for you its amazing to be dependent in that way. 👍🏼

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    Yeah.. you never really get a day off

  • @wisdomandlove1661

    @wisdomandlove1661

    Жыл бұрын

    @@MaxMaher do you mind saying how you get customers and final question is would you like to sell the moving side of your business?

  • @just_meliving_life4712
    @just_meliving_life47123 жыл бұрын

    Very true. Recently I moved and i have a huge yard. Reached out to 12 dif. landscape businesses and 1 replied. Before contacting any of them I researched a average cost. The one guy who replied tried to charge me 30% more than the average. I found a reasonable service 50 miles away cheaper than what this local guy wanted.

  • @maxs24_
    @maxs24_3 жыл бұрын

    Hey Max, first of all - great video (as always). But I wanted to ask whether there ever will be another house cleaning company video with Stacey? I really enjoyed them, it was a great series! (also, commenting for the algorithm)

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    Yes, there will! I've been trying to get her to do more but she's been working crazy hours. I send her screenshots every time people ask for more episodes haha

  • @maxs24_

    @maxs24_

    3 жыл бұрын

    Max Maher Awesome, I will be the first to watch it!

  • @lydafrazier7764
    @lydafrazier77643 жыл бұрын

    Hi, Max 👋👋😀. It's been awhile since I was able to get back to see you. I like everything you do.,👍😁

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    Welcome back!

  • @fepro4267
    @fepro42673 жыл бұрын

    This is the only type of content I like

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    I like it too

  • @BigBlueGuy
    @BigBlueGuy3 жыл бұрын

    I am legally blind (Visually Impaired), and I've been thinking about starting up a storage business. I feel like it may be the one business worth owning that wouldn't require me to do too much except paying taxes. Americans have a lot of things they want to hold on to.

  • @fairy7101
    @fairy71013 жыл бұрын

    I don’t own a business but this is still interesting.

  • @lydafrazier7764
    @lydafrazier77643 жыл бұрын

    I still love your picture

  • @patrickdevine8020
    @patrickdevine80203 жыл бұрын

    Been in the moving business my whole life. The fastest way to go bankrupt in the moving industry is to get to greedy and have crazy high monthly expenses- thinking that high expenses always bring in high profits. Bruh better hope something like the 08 housing bubble doesn’t happen again, otherwise your gonna be super beat with no jobs coming in and high monthly expenses.

  • @patrickdevine8020

    @patrickdevine8020

    3 жыл бұрын

    The moving business is a risky business heavily reliant on the housing industry. When the markets good it’s great when the markets bad it’s a living hell that will run you dry. The most successful moving companies know this and keep smaller operations so when bad markets come they can survive with low monthly expenses. Moving business that grow to big too fast never make it in the long run because they never anticipate for the work to slow down and trust me it always slows down at some point, however it also always comes back eventually.

  • @shomcotter
    @shomcotter3 жыл бұрын

    Is your own salary/compensation included in the wages?

  • @shanagries6457
    @shanagries64573 жыл бұрын

    max!!! this is an fyi...i just started receiving in the past 2 days payments of 270$.....and on the unemployment site it said we will get those payments for 6 days in a row to equal 1800$

  • @AidanBatten
    @AidanBatten Жыл бұрын

    I bought some custom moving buisness cards, any idea of where to start handing them out?

  • @TheSmartMover
    @TheSmartMover3 жыл бұрын

    Driver helper payroll should be closer to 20 to 25%

  • @Liz_678
    @Liz_6783 жыл бұрын

    One guy told me to call every week to ask if he could do it. calling as twice enough for me! Got a referral from a friend

  • @James-fu3sb
    @James-fu3sb2 жыл бұрын

    Hi there, just a question you mentioned in one of your videos how you thought of the name skinny wimp moving co, but then in this video you said you purchased a franchise? So how did you name the company if it’s a franchise? Doesn’t make sense. Hope you can get back to me 😀

  • @nancymartinez2179
    @nancymartinez21793 жыл бұрын

    Good morning

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    Morning!

  • @donvoigt5020
    @donvoigt50203 жыл бұрын

    Hello sir good afternoon from Virginia

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    Howdy Don!

  • @crawfordrhoderick2942
    @crawfordrhoderick29423 жыл бұрын

    Did I miss it or did you explain how you determined how much to charge in order to make a profit.

  • @DerWutendeMetzger
    @DerWutendeMetzger3 жыл бұрын

    Insurance isn't a pain. It's a complete scam.

  • @creaseshield6983
    @creaseshield69833 жыл бұрын

    i wanna do this in nyc , how can i start wheres the course/coaching? are u still making money

  • @surgeb9150
    @surgeb91503 жыл бұрын

    Trucks insurance how many trucks ? I pay over $900 for 3 trucks in CA . What about your trucks parking?

  • @melissadouthit1418
    @melissadouthit14183 жыл бұрын

    Just an FYI, the Dow dropped over 800 points today.

  • @Nassi415
    @Nassi4152 жыл бұрын

    This seems like a low number on profit. How many trucks is this from? And how many jobs?

  • @criseldaguevarra
    @criseldaguevarra3 жыл бұрын

    Do you recommend independent contractors, or employees?

  • @sancop

    @sancop

    3 жыл бұрын

    I’m curious as well.

  • @jackson8140
    @jackson81403 жыл бұрын

    Have you ever thought about adding a junk hauling business

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    We do offer junk services to our moving clients if they need it but don't really advertise it

  • @HazelDaYellowLab
    @HazelDaYellowLab4 ай бұрын

    With my rates, I avg. a gross labor margin of 26.3% in 2023

  • @studioharrison
    @studioharrison3 жыл бұрын

    CPA I pay $175/mo - can u make a referral?

  • @BugPOKER
    @BugPOKER3 жыл бұрын

    sorry for the dumb question whats the difference between labor and wages

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    Within gross payroll is wages (what is paid to the employee), taxes, and insurance.

  • @MiguelLopez-gn3re
    @MiguelLopez-gn3re6 ай бұрын

    How can i do sales/booking jobs from my cell phone?

  • @HazelDaYellowLab

    @HazelDaYellowLab

    4 ай бұрын

    You can create a customer on your phone using quickbooks. It will create the customer in your data base. If you want to book a job, sync your calendar to your computer main calendar. Hope this helps

  • @amyspring8367
    @amyspring83673 жыл бұрын

    Max! This was so much better than a stimulus update! I am a self-employed muralist...amyspring.com. Some of the things you said, like hiring a bookkeeper to free yourself up really resonated with me, because adding labor to help paint (like me) has been tricky. Thank you for your time and for caring about small business owners enough to break things down. Have a great day!

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    You're a regular Bob Ross! The murals look awesome. I'm a big fan of painting

  • @amyspring8367

    @amyspring8367

    3 жыл бұрын

    @@MaxMaher Thanks! I really want to be a writer, haha! I really like your videos because you are such a straight shooter, but diplomatic at the same time. Sometimes funny, never petty or negative. Refreshing!

  • @user-ou4rf2ht1g
    @user-ou4rf2ht1g3 жыл бұрын

    Stocks are good crypto is better

  • @maryholmes5974

    @maryholmes5974

    3 жыл бұрын

    I wanted to trade crypto but got confused by the fluctuations in price

  • @scott8868

    @scott8868

    3 жыл бұрын

    That won't bother you if you trade with a professional like Mr jake harley

  • @soniabruce5233

    @soniabruce5233

    3 жыл бұрын

    I heard that his strategies are really good

  • @bakergonzalez5520

    @bakergonzalez5520

    3 жыл бұрын

    Yeah

  • @user-ex9gt3nb1q

    @user-ex9gt3nb1q

    3 жыл бұрын

    My first Investment with Mr jake earned me profits of over $24,320 US dollars and ever since then he has Been delivering

  • @prepper83
    @prepper83 Жыл бұрын

    Can you bring my company on under your call center?

  • @robertillnevertell1507
    @robertillnevertell15072 жыл бұрын

    I would stop wasting money on Google ads and spend that money becoming part of your local realtors association and taking part in their events

  • @MaxMaher

    @MaxMaher

    2 жыл бұрын

    Or both!

  • @greenmidas981
    @greenmidas9813 жыл бұрын

    $17k Profit, that’s off one truck/crew right?

  • @alexmiller6341

    @alexmiller6341

    3 жыл бұрын

    That’s with many people and trucks

  • @brianjohnson1346
    @brianjohnson1346 Жыл бұрын

    ⭐⭐⭐⭐⭐

  • @brianjohnson1346
    @brianjohnson1346 Жыл бұрын

    MAKE YOUR MOM PROUD🌹 🚫Don't dine and dash ! Leave a tip🥜 CLICK 👍 COMENT 👌 SHARE 🥂

  • @dmytrotsepelev5391
    @dmytrotsepelev53913 жыл бұрын

    wow, $63k per month$$$....

  • @MaxMaher

    @MaxMaher

    3 жыл бұрын

    Let's get you there!