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What is your bread winner?
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<blockquote data-quote="500K_773" data-source="post: 266" data-attributes="member: 33"><p>Another question to owner/operator businesses: What income level can be expected from operating just a Bobcat skidsteer or compact track loader? $50K, $75K, $100K, $100+K per year? If you worked all year long (what a drag) at 40 hours per week, 52 weeks a year, and $60 / hour for your machine, that would be $124,800. Not bad, but you take about $5 / hour wear and tear on your machine for the 2080 hours (52 weeks @ 40 hours / week) that is $10,400. Now also add $3 per hour fuel times 2080 hours, its another $6240. Say you are making payments on you machine at $600 / month times 12 months is $7200. Now that's $124,800 - $10,400 - $6,200 - $7,200 = $101,000 not a bad year. We forgot to factor in the cost of a truck and trailer and insurance, but you should be about to make at least $75,000 per year right? Not bad for being your own boss. If you bid jobs (don't underbid them!), you could possibly increase your profits even more. I also know everyone is not going to work year around, but you probably work more than 40 hours during the busy construction season anyway so it should average out.</p><p>Should this income go up if you add a compact excavator? I imagine the cost of yearly operations would go up. Then you are only one person with 2 machines to operate, so most likely only 1 machine at a time is making money. I know with employees you can make more money because you can perform more work, but the high insurance and workman's compensation rates are leading me to try stay owner/operator for awhile.</p><p>Please add your 2¢ to this.</p></blockquote><p></p>
[QUOTE="500K_773, post: 266, member: 33"] Another question to owner/operator businesses: What income level can be expected from operating just a Bobcat skidsteer or compact track loader? $50K, $75K, $100K, $100+K per year? If you worked all year long (what a drag) at 40 hours per week, 52 weeks a year, and $60 / hour for your machine, that would be $124,800. Not bad, but you take about $5 / hour wear and tear on your machine for the 2080 hours (52 weeks @ 40 hours / week) that is $10,400. Now also add $3 per hour fuel times 2080 hours, its another $6240. Say you are making payments on you machine at $600 / month times 12 months is $7200. Now that's $124,800 - $10,400 - $6,200 - $7,200 = $101,000 not a bad year. We forgot to factor in the cost of a truck and trailer and insurance, but you should be about to make at least $75,000 per year right? Not bad for being your own boss. If you bid jobs (don't underbid them!), you could possibly increase your profits even more. I also know everyone is not going to work year around, but you probably work more than 40 hours during the busy construction season anyway so it should average out. Should this income go up if you add a compact excavator? I imagine the cost of yearly operations would go up. Then you are only one person with 2 machines to operate, so most likely only 1 machine at a time is making money. I know with employees you can make more money because you can perform more work, but the high insurance and workman's compensation rates are leading me to try stay owner/operator for awhile. Please add your 2¢ to this. [/QUOTE]
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