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The Start of the New Era.
The Start of the New Era.
My energy, thoughts, and intended direction is self directed again. My first attempt at building my first business, with my brother, I knew not what to expect. I retired from my job of employment only to struggle financially, emotionally, and mentally as I did not want to fail. In 4 years time, we were able to build a business generating at its height $400k a year. From such humble beginnings that was created. I started with nothing, except the will and my IRA that I earned from working which we went through quite quickly.
As I venture out on my own again, what have I learned and where am I starting. I began building Empty Pail 4 years ago while I was in Atlanta, GA. After learning of recycling I ramped up very quickly and decided to move home to build. Upon moving home I continued to learn and study the art of recycling and partnership. Instead of quitting my job so willy nilly this time, I planned my exit and kept the bridge open just in case. During this time, I acquired assets for the business and stored both metal and cash in preparation.
Current income for Empty Pail for 2013 to date - $23,000.00
It has one great client customer currently- KTS
Current Assets
1. 2-53 ft trailers
2. 1800 sq ft warehouse
3. Vehicles - a box truck, a van, a truck, and a car.
4. $1600 in its checking account and $1300 in account receivables.
5. $1300 in metal
6. $1000 deposit for an Audi A6/8 for its newest venture Black Button at Sunshine Motors.
Current Liabilities
1. $750 trailers
2. 180k for headquarters.
Plan for the rest of the year.
A. Rebuild warehouse and make a garage to work on vehicles.
B. Launch Black Button for reoccurring service income.
C. Market Empty Pail at headquarters, kings st, online, and door to door.
D. Put headquarters in Directors name.
My energy, thoughts, and intended direction is self directed again. My first attempt at building my first business, with my brother, I knew not what to expect. I retired from my job of employment only to struggle financially, emotionally, and mentally as I did not want to fail. In 4 years time, we were able to build a business generating at its height $400k a year. From such humble beginnings that was created. I started with nothing, except the will and my IRA that I earned from working which we went through quite quickly.
As I venture out on my own again, what have I learned and where am I starting. I began building Empty Pail 4 years ago while I was in Atlanta, GA. After learning of recycling I ramped up very quickly and decided to move home to build. Upon moving home I continued to learn and study the art of recycling and partnership. Instead of quitting my job so willy nilly this time, I planned my exit and kept the bridge open just in case. During this time, I acquired assets for the business and stored both metal and cash in preparation.
Current income for Empty Pail for 2013 to date - $23,000.00
It has one great client customer currently- KTS
Current Assets
1. 2-53 ft trailers
2. 1800 sq ft warehouse
3. Vehicles - a box truck, a van, a truck, and a car.
4. $1600 in its checking account and $1300 in account receivables.
5. $1300 in metal
6. $1000 deposit for an Audi A6/8 for its newest venture Black Button at Sunshine Motors.
Current Liabilities
1. $750 trailers
2. 180k for headquarters.
Plan for the rest of the year.
A. Rebuild warehouse and make a garage to work on vehicles.
B. Launch Black Button for reoccurring service income.
C. Market Empty Pail at headquarters, kings st, online, and door to door.
D. Put headquarters in Directors name.
