How much would you take out of your biz with revenue of $350 million?

by ShaunAllen 3 replies
Hey,


This guy in my town just donated $15 million to the local University. His company does $350 per year in revenue. It's one of the largest electrical contractors in the U.S. I guess this is me being fascinated or just dreaming of owning a company like that but I would like to know how much he would take out. It seems even if he only had a 10% profit margin he would still be making $35 million per year. I know there are a lot of variables, assets vs. liabilities. Any ideas?
#main internet marketing discussion forum #$350 #biz #million #revenue
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  • Profile picture of the author myob
    He obviously got there because he did not take out excessive amounts from his profits. My rule of thumb is to invest at least half the profits either back into the business or into stock market instruments.
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    • Profile picture of the author Akitoye
      Dave,

      Multiple Stream of Income is the secret to multiplying
      revenue. Maybe this Guy did not rely on electrical contracting
      alone.

      He must have got other businesses producing or
      generating additional income for him.
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      • Profile picture of the author JonnyAndrews
        Having worked with a lot of industry kids in this field for him to hit that # is pretty huge. Almost the entire market is totally over saturated and their only selling point seems to be price.

        He's obviously applied the age old secret of: Persistence and consistence applied over time.

        That and he probably branched out into a few other similar ventures.

        It would take a while to get there as well as some serious smarts.

        But how much would I take out? All of it!

        Then I'd float on my private island with no extradition.

        Wait... somebody already did that! (tricky dick from health south!)
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