Haven't done one of these for a while so......
To those who run your scrap business like a business, you are and have a right to call your selves a true scrapper this rant doesn't apply.
To the rest you need to read this and become true scrappers.
IF you don't keep track of your expenses, fuel cost per item,that morning donuts and coffee, lunch, cost of repairs ect. your not a scrapper, you are a gambler and an amateur at that some times you win some times you lose. Even the pro gamblers keep a complete set of books.
and the only winner in that game will be the yards. If you are only here because it's fun, or you just want to make a few bucks thats ok I have no problem with that, but you may be costing yourself and those true scrappers who do this for a living a lot of money.
The value of a tower has dropped 30% in the last year. the cost of doing business has risen 20+ % including buying towers.
I have had maybe 3 or 4 jobs in 55 of my 70 years, 50 0f those years I have ran my own business, some absolutely great and some not so great. I have never run a successful one where I didn't keep the books and an eye on expenses, profit and loss.
while the value of e scrap drops the the cost continues to rise. A tower ,at today's prices should be no more then $3, just to maintain the same profit as last year, but I see the cost rising to as much as $8 or even $10. I haven seen this happen time after time in other businesses, concession stands, catalytic converters, the carnival business , and car lots just to name a few.
In the carnival business for example we made a lot of money, at least 6 figures every year. then rents, fuel, housing and food as well as hard ware began to rise while attendance dropped but I never gave up that is till the money ran out.
if you don't run it as a business, keeping track of all, expenses, and control inventory your money will sooner or later run out and one morning you will wake up with empty pockets and no money to keep going with your hobby or what ever it is to you. In the mean time you are costing all of us $$$.
every yard has scroungers who take your mixed load at .08 a lb and turn it into .50 a lb.
Every day I see questions on this forum that verifies this fact. There is a thing called "sweat equity" many of us here have invested gallons of it. This forum has made it a lot easier these days with thousands of archives from those who have gone before. and prov1ded a degree in this industry as good as any doctorate in any profession and it is all free. Use it along with some common sense and a simple set of books. save your self and the rest of us a lot of money.
In 2 years I have gone from $100 loads to $8000 loads, only using this forum's archives, help from members, hard work and, common sense.
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