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Evark

Age/Gender: 22, Male
Location: Gloucester, MA
Job: Student

^It's the "I HATE YOU" dance!^

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Latest News

Evark

Gone fishin'

Posted by Evark May. 24, 2009 @ 11:21 PM EDT

BBL.

Alright: this terse entry is uncharacteristic of me. So I'll talk a little more life update jazz. Regarding 10k: I'll get there when I feel like it.

Anyway, I'm running a painting business through Collegiate Entrepreneurs (www.cepaint.com) as a "branch manager" in the company. That means that I'm responsible for marketing to source work, sourcing and hiring a crew of painters, maintaining a crew kit with all the painting essentials (three ladders (12', 24', 32'), several brushes, buncha rags, lotsa dropclothes, etc.), and produce the work this summer. I just reached and surpassed 20 thousand dollars in sales this past week, which means I became eligible and was promoted to "profit manager".

Essentially, I don't have to paint (though I can pay myself 15 dollars an hour when I do, and save myself money over paying my painters to do the work in addition to the profit I'll collect). I just work hard at selling more work and keeping my guys employed full-time. My friend who did this last year (and is now my boss this year) made 13 thousand dollars (fully tax free) last year. I'm looking to do a larger branch than the one he ran, so I'm hoping to make out with at the very least a similar amount of money. To give you an idea: I have 23,000 sold so far. If I produce all that at average profit (20%), I'll make roughly $4,600 this summer. Only JUST beats working a regular wage job for three months (I have to pay back 1k for the crew kit as well... so it's really 3.6k)

So needless to say, I'm really busy and I work pretty hard. I have to get up early in the morning to go buy all the necessary supplies for a job from the Sherwin Williams store 20 minutes away (they open at 7AM), then I've got to get everything to the job site by 8AM so I can have my crew being working. We'll typically do a 10 hour day, during which I usually have an estimate or two scheduled. If I were more organized and better at delegating tasks, I could easily make all my money this summer without physically performing a single task, save estimates on more potential jobs.

I'm kind of proud of my efforts here. I've been up and running now for just under two weeks (one payroll), and I expect that my first paycheck will be something like 300 bucks despite not working quite as much as I should have been.

My friend would say that last year he was practically hemorrhaging money all summer long. I'm starting to know the feeling and let me tell you: this fun-size version of the corporate world is quite delicious.

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