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00:00:01
The MATH ain't MATHING
12 Plays1 month ago
It doesn't make sense to me
Recommended
Transcript
Sales Targets for Profitability
00:00:01
Baker Plbg
Okay, we're still talking about our friends and in California and their slimy sales tactics. And my comments and DMs are full of people from Southern California saying, Bob, you don't understand that if you're not doing a million dollars a year per tech in sell Southern California, then you're not making any money.
00:00:22
Baker Plbg
And I'm going to call bullshit. So the average I've asked a few and they get to get back to me. So I've gone to the Google machine and they tell me the Google machine tells me that the average California plumber makes sixty eight thousand dollars a year.
00:00:42
Baker Plbg
the
Sales Tax and Business Calculations
00:00:44
Baker Plbg
in Los Angeles, yeah, Los Angeles and California average is high as 76 and union plumbers um can get over close to $88,000 per year.
00:00:56
Baker Plbg
And then i Googled the ah sales tax and that ranges between one and 13%. So if you're telling me that you as a company can't make money,
00:01:11
Baker Plbg
unless your techs are selling over a million dollars a year, and you're only paying your tech 6% of that, don't tell me, this is the sales tax too that I'm looking at.
00:01:27
Baker Plbg
So don't tell me that your sales tax is incorporated into your net sales or your gross sales. It's not. When you sell a job,
00:01:41
Baker Plbg
Anyway, I can't like the nuances of that are too diverse to get into on a quick clip here.
Global Tax Comparisons
00:01:52
Baker Plbg
But you guys are I don't what do you want me to say to that? ah Canada has some of the highest taxes in the world. In fact, we are as Canadians, ah some of the highest tax people in the world.
00:02:08
Baker Plbg
We're like third or fourth on the list. I should Google that. You know what? Hang on a second. I'm going to pause this, and I'm to tell you exactly where we are. Okay, so I looked it up, and Finland is the highest taxed country in the world, followed by Japan, Denmark, Austria, Sweden, Aruba, Belgium, Israel. not going to talk about Israel.
00:02:29
Baker Plbg
Slovenia, Netherlands, Portugal, Norway, Spain. Okay, so it's I think Canada is like 20 up on the list, and the States is like... 21 or 19 or something like that.
Regional Business Principles
00:02:40
Baker Plbg
Anyway, the point is, is how, where are you spending all your money?
00:02:45
Baker Plbg
That's what I need. That's what I want to know. Where are, I do find it fascinating that the Southern Californians, I've used this analogy before, but I, I think it's apt. There was, i was in a plumbing group.
00:03:00
Baker Plbg
years ago, and every time I said something, whatever it was related to business, this one individual, and he'll know who he is, and I, you know, I like this guy. He's a good guy. He's trying really hard.
00:03:13
Baker Plbg
But every time I said something, he's like, it's different in Philadelphia, Bob. You don't understand. It's different. And this is the same argument. It was different in Southern California, Bob. You don't get it. I'm like, like gravity is gravity.
00:03:27
Baker Plbg
ah Physics or physics? The laws of business are the same everywhere. I fully understand the no nuances of political climate, taxes,
00:03:40
Baker Plbg
you know population, and all the rest of that stuff. But you can't tell me that if you're paying your tax less than $70,000, that your taxes are somewhere between, your state taxes are somewhere between, well, lost it now.
00:03:58
Baker Plbg
We'll say 13%.
00:04:00
Baker Plbg
What are you doing, man? Like, so you're sitting you're sitting on 800 grand. You can't make, like, you that's what you need to make ends meet, $800,000 per tech in order to survive in Southern California.
Personal Business Success Story
00:04:13
Baker Plbg
Somebody make it make it make sense to me because that doesn't make any sense to me. um Like, whatever.
00:04:21
Baker Plbg
I mean, we have, I basically have three techs and we basically do that. But I ain't walking away with $800,000 per tech.
00:04:33
Baker Plbg
And I do very well. This isn't a sob story. It just, when people tell me that they that I'm wrong, I'm like, okay, explain to me how I'm wrong. Let's get into the details of it. And when they can't get into the details of it, I'm like, yeah, no, you you actually don't know what you're talking about.
00:04:50
Baker Plbg
Anyway, those are my thoughts, not yours. Come at me with your, with your,
00:04:59
Baker Plbg
retorts, but I don't think there is one. I don't want there is one.