Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

$838K in Revenue and He's Taking Home $0

5 Jul 2026 · 1 min

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In this video, the speaker examines the financial health of Nicholas’s custom carpentry business, which generated $838,000 in annual revenue. Despite the high revenue, the company carries a significant amount of credit‑card debt, spends roughly $230,000 on subcontractors plus an additional $20,000 in professional fees, and shows no owner wages (the owner is effectively breaking even at –$92). The speaker highlights that large projects are taking twice as long as expected, leading to missed deadlines and budget overruns. He points out a systemic lack of incentives for completing work on time and on budget, and raises concerns that the business may be undercharging for its ultra‑premium services.

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Significant amount of credit card debt. $838,000 in annual revenue. This is Nicholas. He runs a custom carpentry business that made $838,000 in revenue last year. I love this kind of service, by the way. Very premium, ultra premium. And I'm concerned that we might not be charging premium prices. So we got shiplap walls. Okay, so you got a whole bunch of services. I'd love to see these all as service pages. We got $230,000 in subcontractors. So you got another $20,000 of subcontractor and professional fees. You have to be on time and on budget. If we have these big projects that are taking a week, 2 weeks, 3, 4 weeks to get through the job and they're now taking twice as long, we're not making any money. They're not on time. They're not on budget. We got a big problem. One thing I do consistently see in their financials is no incentive for on budget and on time. Wages. Yeah, I don't think he's paying himself anything. -$92. So basically break even.