Boring Businesses Oz

Everything Boring Business.
Conversations with successful BORING Business Owners, Businesses For Sale and the $200 Junk Removal Startup.

[Boring Businesses Oz @boringbusoz]

I'm taking a few founding clients to work through it together over 12 months.

If you want your business running without you, DM me.

[Boring Businesses Oz @boringbusoz]

Most business owners have no idea what their business is actually worth.

Or why a buyer would pay less than they expect.

I've built a simple scorecard that shows you. 5 things buyers judge.

[Boring Businesses Oz @boringbusoz]

So the question is simple:

Where are you now?
What should you be aiming for?
How do you get there?

That's what the scorecard shows you.

[Boring Businesses Oz @boringbusoz]

The catch:

If you do every clean yourself, you've built yourself another job.

The business starts when you can:

Win contracts
Train cleaners
Keep standards high
Keep customers

What am I missing?

[Boring Businesses Oz @boringbusoz]

Could you build a $3,000/week cleaning business by cleaning small offices and allied health clinics after hours?

Low startup cost.
Recurring customers.
Same sites every week.

[Boring Businesses Oz @boringbusoz]

How do you get customers?

Pick one area.

Walk into every clinic and small office.

Ask:
"Who handles your cleaning?"

Offer a free quote.

One $300/week customer is worth:
$15,600/year in revenue.

[Boring Businesses Oz @boringbusoz]

The business lesson:

Revenue is what comes in.
Profit is what's left after expenses.
Cash is what you actually have available.

A business can make $200k profit and still have fuck-all money in the bank.

Getting that is step one in thinking like a business owner.

[Boring Businesses Oz @boringbusoz]

Your mate says:
"My business made $200,000 last year."

Sounds good.

But that does not mean he has $200,000 sitting in the bank:

[Boring Businesses Oz @boringbusoz]

That's why good business owners watch more than profit.

They watch:
Cash in the bank
GST set aside
Unpaid invoices
Tax and super coming up
Loan repayments
Big equipment purchases

Because you can't pay wages with "profit on paper."