Each week, Jerry Schappert and Bryan Baird recap some of the most interesting posts from the Pest Cemetery Facebook Group. This post is a recap of the episodes released in December 2016.
If you’re not a member of the Facebook Group, you can join here: PestCemetery.com
12/12/16
The first thread discussed was Shane Mantz’s post about financing your own pest control business. Jerry mentioned how start-up debt is mostly comprised of hard assets, therefore, a loan might not be difficult to acquire. That being said, he sees the downside of going into debt right off the bat.
Bryan points out how you want to avoid high interest debt. He cites his grandfather and father as saying, “The minute you stop working (for a paycheck) you start going into debt. Try not to borrow money from a bank”.
Jerry tells the story of how he and Renee started their business – He financed the company truck, but paid cash for everything else. He made reference to an article he wrote years ago: Single Operator Setbacks and Keeping the Faith.
The next thread was by Ryan Ridgley. Ryan draws attention to how the world’s largest taxi company (Uber) owns no vehicles, the world’s largest content provider (Facebook) creates no content, and the world’s largest retailer (Alibaba) has no inventory.
This is a fascinating point, but Jerry makes reference to Mike Rowe’s statement that technology won’t replace manual labor in the foreseeable future – “Somebody has to shovel the poop”.
Click here to listen to the podcast episode:
