So this is what I've chosen after the discussion today.
Patrick
Saint
"We need to figure out what I'm going to get paid off of these jobs since I am not going to be the "owner" and don't want to be."
"Okay that's fine. You tell me what you think is fair and all I really want is for you to be happy cause you are the one that is getting the projects."
"In the field if it comes to labor or something simple for you or to help out your ex-company I'd want $15.00 an hour. Anything as far as installing or running the guys on the crew I want $20.00 an hour and be bumped up once I can prove to you and even to myself that I'm worth more."
"That's perfectly fine and have no problems with that at all. Now what about the estimating, payroll and organiztion of the work? I was thinking something like 10 % to 20 % of the labor cost."
"Been told that I'm worth alot more than 10, which is what I was making with Mike, and have been offered 20 by another company. Twenty I'd be happy with and if I decided to throw extra in the bid for myself I'd make a sidenote of why and how much."
"Fine with that as well as long as the work keeps coming and we make money to keep everyone happy."
"Agreed."
That is the conversation that may put me into early retirement and able to travel the world like I've always wanted to.
There was question where I'd end up going and what I'd be doing. I had many options and they came with a boatload of stress. The fact that he is going to be the face of the company and deal with people if something goes wrong, the insurance, the taxes and the hiring of people takes a lot of weight off my shoulders. Since he is going to be this person it allows me to concentrate more at getting work which in turns gives me more money which makes me
. In return, I'll be doing him a favor and tell him that any job that he gets the lead for I'll only take 10 % of the labor instead but I'll end up making that up by being the supervisor so it won't be too big of a loss.
We are doing Paterson Hall, a women's dorm on OSU campus, right now which is a job that landed in his lap and we are doing it under our company, not the one he is splitting up with. Paying 6 bucks a SF to install the floor and walls which there is around $ 1100 to a room in the labor. Times that by 8 and you have 9 K. Gives me $ 900 for doing the office work plus whatever hours I have on the job which I figure will be between 4-600. I can live off that easily for 4 days worth of work as we have to be finished up by Saturday. 2 more sets of 8 will be coming up shortly so things are actually starting to look up........
Except for this damn electric bill that jumped 90 bucks on me from last month.
~NS 