Actually the headline of this article is MY story. I was a financial planner in 2002 and making very little money while living with my boss. It was not the ideal situation as you may have guessed. Anyways after 14-months of doing the financial thing I moved out to my own place and quit 2-weeks later. I literally only had a few hundred dollars to my name but determined that I would make it work. I set out to the Home Depot store to get $50.00 in supplies and set out knocking doors of businesses and homes asking if I could wash their windows. I scraped by the first year, but it was fun 🙂
Year 2. This year was a pretty good year. I made $76,000.00 total revenue and was surfing every other week after getting my jobs done. It was great and I was growing steadily but not trying too hard to grow too fast.
Year 3. The first year I broke 6-figures! I grossed $120,000.00 and hired my first employee to do the work. I also bought a white cargo van at the auction and things were looking up. I was still living with roommates and getting kicked out by the landlord who did not like me running a business so that was annoying.
Year 4. This year I raked in $176,000.00 and decided to buy my first house. Ironically it was at the high of the real estate market too! by this time I had 1 full crew going and things were nice.
Year 5. We hit the great recession and my business instead of going down went up to $220,000.00 and I bought another van. I also was swindled out of $83,000.00 in a ponzi scheme and learned a lesson that would have to be learned again a few years later.
Year 6. Business has grown now to $250,000.00 and the recession is getting worse. I was still paying off my debt from my bad business decision the year before but still was working hard to grow the company. I was married with a child on the way as well and not as much surfing was going on. 🙁
Year 7. The worst year of the recession had hit and my business grew a whopping $80k to over $300,000.00 in annual revenue! To celebrate, I went into another bad business deal which cost me another $140k in losses…not cool and I was extremely mad at myself to say the least.
Year 8. We grew to $376,000.00 in revenue and I am busy paying off my bad business ventures while raising up a family and trying to give service in my church. I am a very busy man at this point. I also have bought another house at this point because houses had gotten so dang cheap.
Year 9. Business is good. The revenue had climbed to over $420,000.00 and still rising as my internet presence had really started growing my business and I was no longer knocking doors…in fact I had stopped a few years back to be honest.
Year 10. Our revenue was over $480,000.00 this year and poised for more growth. We had averaged double digit growth for 10 years and it was awesome to behold and I was extremely grateful. I was also very burnt out at this point and wanted to walk away, but wanted to get something for it. So, as the year approached to an end I started looking at an exit plan.
Year 11. The final year! I decided to sell the company and received my full asking price of $730,000.00! I also sold my second home for a $100,000.00 profit and paid of the first house. I was excited to start something new and am still working on it today.