how much to
- Thread starter slick
- Start date
melbournefl
Member
Slick I have no idea what they charge but I would imagine it would have a lot more to do with what they want you to do than the size. Daily maintenance, bi-weekly? Feedings? You know all those kinda things. Also it would vary based on who supplies what, salt, test chems, food etc.
Sorry I couldn't give you a firm answer but at least this might give you a frame to start figuring from
Good luck and don't you wish you could make a good living doing that all day long?
Later,
Paul
Sorry I couldn't give you a firm answer but at least this might give you a frame to start figuring from
Good luck and don't you wish you could make a good living doing that all day long?
Later,
Paul
danrw84
Active Member
ive got a news paper article right here about reef tanks (ill have to scan it for you guys, its cool) talking about how people have these tanks...
well one guy in it said his company put up a 8,000 gallon $1million dollar reef for this guys house, and they come out 3 times a week to service it, for $90,000 a yr!!
well one guy in it said his company put up a 8,000 gallon $1million dollar reef for this guys house, and they come out 3 times a week to service it, for $90,000 a yr!!
plum70rt
Active Member
Hey check this out, go to www.Jawz.net and go to services and see what they get for service, my tank would be 276.00 dollars a visit
rsd
Member
As a business owner I should say this:
LIABILITY!!!!!
If you are receiving money for servicing somebody's tank you may want to file the forms to become an LLC or at least get Insurance. If you are perceived to be responsible for the death or a coral or heaven forbid a tank crash and they persue you for the liability, you want something on your side. My company carries $1mil policy per event. As an Inc. company I know that they can sue my company (insured) but cannot come after me or my house.
Hey call me paranoid but I know that if someone screwed up my tank I'd be after blood. (not that anyone is allowed with in 5 ft of my tank with out the experess written consent of ... I mean... never mind)
Personally, I'd go for it. Self employment is the only way to go. You'd be suprised how many small hobby level businesses become huge enterprises or atleast afford $50-60k/yr income. Just cover your ass-ets!
Check out the sba's web site... I think it's: www.sba.gov
LIABILITY!!!!!
If you are receiving money for servicing somebody's tank you may want to file the forms to become an LLC or at least get Insurance. If you are perceived to be responsible for the death or a coral or heaven forbid a tank crash and they persue you for the liability, you want something on your side. My company carries $1mil policy per event. As an Inc. company I know that they can sue my company (insured) but cannot come after me or my house.
Hey call me paranoid but I know that if someone screwed up my tank I'd be after blood. (not that anyone is allowed with in 5 ft of my tank with out the experess written consent of ... I mean... never mind)
Personally, I'd go for it. Self employment is the only way to go. You'd be suprised how many small hobby level businesses become huge enterprises or atleast afford $50-60k/yr income. Just cover your ass-ets!
Check out the sba's web site... I think it's: www.sba.gov
overanalyzer
Active Member
Hey Slick - I would strongly recommend you do as RSD advises and look into incorporating your company and getting some limited liability insurance. I think you could do it on the net for a small fee .....
As for charging I'd call some of the LFS around the area and play act like you want a tank the size of your customer and see what they would charge you for all the bells and whistles and for bare bones service ... go from there.
As for charging I'd call some of the LFS around the area and play act like you want a tank the size of your customer and see what they would charge you for all the bells and whistles and for bare bones service ... go from there.
rsd
Member
An LLC is a newer form of corporation... it is best for individually owned companies (sole proprietorships). It stands for: Limited Liability Corporation. It has most of the tax advantages of being Incorporated with alot less paper work. Basically you own the company, but the company owns all the assets and liabilities. You are an owner and a SALARIED employee.
Every company is considered an entity... like a person. If you own a basic company... just go down and file with your state, you are responsible for the actions of your company, equipment, employees, everything. YOU are the one who would get sued. The up side is that the money made is yours to spend when ever.
An LLC is a company that its owners are actually "share holders" and employees. You are a salaried employee (salary set by you by what the job would pay and what income the company can sustain) and are not as liable for incidents/accidents. Your company and its INSURANCE assumes liability for the company. Tax laws are built for business owners, NOT employees. As the owner of an LLC/Inc. you benefit as both. Tax breaks/write-offs and employee benefits (insurance, L & I, unemployment ins., etc.).. and any money not dispursed as salary either stays in the companies holdings or is dispursed to the owners as a DIVIDEND. Oh how I love that word.... DIVIDEND... should I say it again?
There are very distinct differences between an LLC and an Incorporated company... too long to go into here.
Also consider the fact that (AFTER YOU CHECK WITH A CPA) your hobbie is now a showcase for your work and considered a legal write off as advertisement. Just make sure you actually use it for advertising.
It sounds overwhelming but do some research now and you could be up and running in a couple weeks. The dream of owning a company in a field that you love to spend time in is awesome... I have never been happier making money than I am now and am even more excited about tomorrow.
OT: I could also recommend some really good books to put you in the mindset of a business owner. Its all about attitude and understanding that money isn't something to spend it is a tool... like a hammer. When used correctly it is extremely powerful in doing the jobs you ask it to do.
Every company is considered an entity... like a person. If you own a basic company... just go down and file with your state, you are responsible for the actions of your company, equipment, employees, everything. YOU are the one who would get sued. The up side is that the money made is yours to spend when ever.
An LLC is a company that its owners are actually "share holders" and employees. You are a salaried employee (salary set by you by what the job would pay and what income the company can sustain) and are not as liable for incidents/accidents. Your company and its INSURANCE assumes liability for the company. Tax laws are built for business owners, NOT employees. As the owner of an LLC/Inc. you benefit as both. Tax breaks/write-offs and employee benefits (insurance, L & I, unemployment ins., etc.).. and any money not dispursed as salary either stays in the companies holdings or is dispursed to the owners as a DIVIDEND. Oh how I love that word.... DIVIDEND... should I say it again?
There are very distinct differences between an LLC and an Incorporated company... too long to go into here.
Also consider the fact that (AFTER YOU CHECK WITH A CPA) your hobbie is now a showcase for your work and considered a legal write off as advertisement. Just make sure you actually use it for advertising.
It sounds overwhelming but do some research now and you could be up and running in a couple weeks. The dream of owning a company in a field that you love to spend time in is awesome... I have never been happier making money than I am now and am even more excited about tomorrow.
OT: I could also recommend some really good books to put you in the mindset of a business owner. Its all about attitude and understanding that money isn't something to spend it is a tool... like a hammer. When used correctly it is extremely powerful in doing the jobs you ask it to do.
