how much i made from my business (YouTube, gym, lawn care, stocks)

Hey, everyone, it's Mike Andes, and you're listening to the Business Bootcamp podcast. Today, I'm going to be sharing all the revenues, the profits, and the losses from all the different businesses that I run. I hope you enjoy and I hope you learned something from it. Before we get today's show, though, a big thank you to today's sponsor, which is Gusto. A big thank you to them for literally supporting the show for a whole nother year throughout all of 2021. They're going, they've committed now to supporting the show, and I appreciate them so much for allowing me to do what I do. And make sure you go to gusa.combootcamp where you can sign up for 90 days completely free using them for payroll. And a really, really simple way of getting benefits for your for your employees. If you don't know about the tax credits behind getting in benefits for your employees and the potential benefits of having benefits like health benefits for your employees, definitely check them out. It's very simple to sign up, and it might surprise you what the costs really are. All right, so without any further delay, we're going to go ahead and jump into me showing you all all the different revenues and the expenses that go into running businesses. So if you haven't already in the past, make sure you watch previous months. I share my monthly financial reports as a way to inspire and educate and chronologically be able to see the journey of growing these businesses over the course of months and years. So I don't do this to gloat. There is nothing to gloat over. There's good months. There's bad months. There's months where I do really good. There's months where we do really bad or when we're investing back in the business. And on paper, it looks like you're losing a lot of money. So keep all of that in context as I jump into my revenue report. So I'm going to share on my screen the reports here, and then hopefully we can go through these. So first up is the Augusta Lawn Care Corporation. This is the local Bellingham location, the first Augusta Lawn Care location that I personally own in Bellingham, Washington. The revenues were $143,743, and they did a profit of 31,056, which is a little over 20. Uh, it's like 21 22% in profit margin. Again, all of these numbers I shared today is on a cash accounting method, which means this is how much money actually hit the bank account, not how much was earned. I Am very well aware that their revenues that were earned or accrual accounting was much higher in April. But I make sure that I stay consistent by using cash accounting to show exactly what actually hit the bank account. So even what we, you know, our metrics that we actually share with our franchisees is based upon accrual accounting. But this is cash I'm doing. I do this for a very specific reason because there's certain things you can do with accrual accounting to move some numbers around and I don't want that. I want it to be when I come to share my numbers publicly, you know exactly that this was the money that hit the bank account. So revenue is 143,000. This is the first month I'm very happy about this actually. This is the first month that one of our franchisees actually surpassed our first location in revenue. Very, very happy with that. I don't think they, I don't know if they did the profit from a profit standpoint if they surpassed it. But because they're just in hyper growth mode. However, I'm super happy about. There's no pride in whatsoever me being surpassed by our franchisees. The testament to what we're doing. And I'm very, very happy for them and massive congratulations and shout out to them. Blaine Anytime Fitness so I own a gym in Blaine, Washington. It's an Anytime Fitness franchise. We did $44,810,000 in revenue, 9,722 in profit. The big development for this past month was the fact that we are adding now in supplements. So this is not seen in this revenue. So you're going to see probably next couple months revenues start to tick up as we add in the fact that we are going to add supplements to our offering and our, to our, our clients and our members at the gym. So really happy with that. Again, a good solid 20, 21% profit margin there at the gym. All right, online. So this includes Landscape, BusinessCourse.com, business Bootcamp podcast, includes lawn care web design, includes teachable, all the links down basically below the video. Here is what is included here. This is going to be everything from long care web design where we build landscapers, websites, landscape business course. The course there teachable, where we now have a whole bunch of different stuff. MBA for entrepreneurs, online course, talk about businesses. I think that's a great program by the way, as we continue to add it. I try to add like 5 to 10 a week. So the most recent module 6 and I really think the last little part there is really strong. Talking about financial reports, showing how to use those financial reports to create ratios and figure out what your business is, where it's strong, where it's weak. So all of those revenues go towards really generating more, more content. And so you've seen as the revenues have gone up, the profits have also kind of been going, you know, not going bigger and bigger and bigger because my, my, my cost used to be three or four thousand dollars a month. But now this past month, April was our first month where we had three full time media people creating content for the community on, on TikTok, Instagram, Facebook and YouTube. And so that costs money. And we did a traveling trip this past month to great content. So all of those combined and that's a big reason why I make these videos to share the revenues is because you all are so much of, part of what we're trying to do here and building the channel, building the audience that we have for the 35 people landscaping businesses that we create your websites for. 399 per month and there's no contract, there's no initial fee, you can cancel any time. For those of you who have signed up, that like massive help for us because we have a steady flow of income. We make about 140 to $150 per month in profit on the 399 just to be perfectly open. And that money goes directly into creating more content and gives me, it's kind of like my recurring revenue like with a mowing his for a landscaping business. It's my recurring revenue. I know that I can depend on that we can solidly build the content arm of the brand and that will continue to and be able to keep investing in the better content. And I know over the past, even throughout April, you've seen the vlogs get better, the quality of the content get better. The distribution on things like TikTok and Instagram has actually been there. I used to like post on Instagram once a month, now it's a few times a day. All of that is because of our investments in the media team and we will only get better and better at that. All right, the next part is the franchise. So if you've been following the past couple months, you know the franchise has been losing quite a bit of money, like a lot of money every single month. We're getting more efficient. We're starting to get, you know, getting our feet underneath our, underneath us a bit. We're still growing a lot at Command center. But the revenues for the franchise were $84,555. The profits were 5,206. You can see over the past few months that has gone up and down. We've lost, you know, we've lost six figures in a one month on the franchise. It's a startup, it's going to be up, it's going to be down, it's going to be in, it's going to be out. But we're investing heavily, we're trying to grow quickly. And just like so many of you, it's hard to find people that want to work an entry level position. Hard for people to just to show up to an interview, let alone show up to their first day of work, let alone actually be diligent to that job. So the team that we built there, very proud of them, they're amazing group of people to just juggle 41 locations now across the country all day long as we're trying to like at the same time figure out how we're going to silo the command center and then dealing with the fact that it's hard to just like you're training employees that literally might not work out and you got to train them and train them and train them and then they just leave like the same issues you're having at your business with the whole labor shortage we're having as well. And so we had to make some commitments financially just to make sure that it stays in order. We now having health benefits starting in January and a lot of that stuff is we have to have command center running and operational and long term commitments and long people are thinking long term for the team. And so that's why there's been losses in the past few months. But I'm really happy that we were able to at least get above zero this month. And I expect that like I said over the course of 2021 for us to basically break even on the franchise as a whole. All right, next up is the two corporately owned locations that we own out of state. That blank spot in between there is what used to be Mount Vernon again Mount Vernon. Augusta Lawn Care is our second, second, what used to be our second corporately owned location which has now been sold off to the general manager. And that's an option that they're able to do after year in business. Now we have Mooresville and we have Dix Hills, New York where we have two corporately owned locations ran by the general managers. And these are both in their second and third month of growth. You know, they started I guess in February, so third month and so they're in massive growth phase. Again, this is cash accounting. So what that means is everything they did the month before got, you know, everything they did in March got billed April 1, and they collected the revenue from that. Everything that they did in April in terms of mowing got billed May 1st. And we're not seeing that revenue. So keep that in mind. So, you know, they. I know that both of these locations did about 30 to 40,000 in actual earned income. But again, this is cash accounting. Money that hit the bank account. $23,237 for Mooresville, $13,743 in revenue for the New York location. And both of them had significant losses. $34,000 negative or loss on Mooresville and $18,000 loss in Dix Hills. Does that seem like a lot? Like this is all expected. This is all part. When we go into a general manager location or corporately owned location, I should say we are expecting to burn between 90 and $95,000 before they become profitable. And when they get to a profitability, we expect them to be profitable every quarter going forward. So this is absolutely a faster, you know, going from zero to next month, probably doing 40, 50 plus thousand at least per month in re, that's a big jump. And there's a significant amount of advertising trucks that are purchased. So inside of that like negative 34,000, there's a car, there's a truck. Dick's Hills is next this month buying a big truck. So like that's, that'll be their third one. So like they're growing, they're just part of the game. And we are expect, we expect that the first six months of them growing. And by Q3, we expect to be profitable each quarter after quarter two. So those are expected. They're growing very quickly. And you'll see next month the revenues on both of these will jump dramatically and they will not be profitable. They will be profitable after quarter two. So starting July is when you're actually going to start to see profitable numbers from those locations. All right. And then stocks and real estate. So this is more my personal side. So the stock market was really, really bad the last week of April and has continued to slide the past since like mid February. The stock market is up and down like just like a teeter totter back and forth. And there's a whole bunch of things that have gone into that in terms of monetary policy, the fear of inflation. I am heavily invested in the stocks in terms of tech, the tech sector. And so even though the s and P500 is reaching like all time highs over the past few months. That S&P 500 includes different sectors outside of tech. I am heavily on tech side because I'm long term and I'm not thinking about what's happening next few months. That being said, I do swing trade slightly when I know the market's going to be this way probably at least for the next few months, the market in my opinion is going to be see sawing. And so I am kind of swing trading which basically means I'm going to go in and out of the market based upon when there's a good deal I'm going to buy. And then when I think things, you know, things are getting a little frothy, I'll pull back out. So what happened? You'll see here if you compare it to last month, I. I sold about $150,000 worth of stocks and I withdrew that in the third week of March. So that's fortunately about when we are about the eclipse of the market. And then over the past week and week and a half it's been going down significantly as well. However, for the total change over the course of the whole month from April 1st to the end May 1st, the total change was $17,000 positive. So good. I still retained that $150,000 in margin and total invested in the stock market is about 100 or sorry, $763,000. All right. For the real estate side of things, revenue is about $16,000. These are just kind of rough numbers because partly due to the fact that rent comes in from some of the tenants but then we have some people who are get. Some of it gets assisted living in terms of the assistance from their pay and that's delayed and all the rest of it. It's about $16,000 in revenues and we had to rehab an entire unit. So I think if you go back to like episode I want to say like three, four, three or four, maybe two of the vlog. You can see where I do a walkthrough of a property that we are rehabbing. And so that property was completed. We had to do renovation of the landscaping because they tore up the lawn and had a burn pit and all the rest of it. So all those expenses, everything all combined with the mortgages and utilities was about $40,000. So I guess you could say we were at $24,000 in the hole. But again we spent about $25,000 on renovating the this one unit that was needed to be gutted. We took all the carpet out, painted it all new cabinets. Not new cabinets, new countertops, new fixtures, new appliances, things like that. So that's going to get a new renter in here next week and we'll be up and rolling on that. The debt on my real estate is about 1.7 million. The refinance for the house that I was expecting to go through, and I said last month it was going to go through, it did not go through. Several different reasons why I decided to not go forward with it, that the fees were going to be pretty abhorrent for the amount of money I was getting out. I just figured, you know what, yes, I was going to get a really good interest rate. I was going to cut off like a 1 1/2% off my interest rate. But the amount of fees because I was not pulling a ton of equity out. Honestly on the cash out refinance, I was only pulling out about $130,000. So I was like, it's not worth paying the fees for the refinance. So I decided not to take the cash out, even though that was the plan last month. So did not take the cash out refinance. That's somewhat why there's still margin on the stock side of things. But in terms of debt for the real estate, 1.7 million, the equity is about 2.2, 2.92 million. So I guess if you look at the equity portion is like 1.2 million. But again, I'm not selling. So in my mind, like if you look at this like the real estate is really a cash, you know, where I put my cash aside for tax purposes and the stock is where I stocks is where I can move money in and out based upon the growth, where I think there's opportunity. And so this past month obviously was taxes have to get paid. So I sent out my tax bill and yeah, when you're talking about, you know, big numbers of tax bills, that was a reason why too. I just made sure that I kept the margin, the stock, I was gonna pay it all off. If you listen, last month I was planning on paying it all off. I decided not to. I withdrew a little bit out of the stock market, paid my taxes and then also was able to rehab this location. I do not keep very much cash for personally, most of the cash goes into the businesses and then the stocks, the real estate, any sort of revenues I get. Profits are going back into the businesses. And so it's just really a tightrope of growth and managing the finances in a way that is prudent for all of the different businesses. So, again, I hope that was helpful. Inspirational. Again, I know these are not the most exciting videos, but I hope that you can learn something from it. And if you're running multiple businesses, you can appreciate, you know, just how difficult it is sometimes to be juggling all these different things and, you know, hopefully learn that there's months that are good, there's months that are bad. When you're growing a long care business, you're going to lose money if you're growing 50, 60, 70% month over month. So, you know, Mooresville will go from 20,000, like, next month. You'll probably see like 40,000. Like, that's like 100% growth month over month. That costs money. I've always said growth sucks cash. That's why there's losses. The franchise, it's still net negative for the course of the whole year so far. Over the course of the next few months, you're going to see it profitable every single month. Then. Then the December, you're going to see a massive drop when we start investing heavily in software. So this is the ebb and flow of business. This is a part of what I love to do, and this is why I share these numbers, is to be transparent with what's going on, where the money is being made, and so that you all can be inspired and educated on business in general. So hope that was helpful. I'm Mike Andes. You're listening to Business Bootcamp podcast. We'll see you next time.