...We all want to sell to absolutely everyone who comes through our doors, and when I had the staff, I came darn close to doing just that. The problem was, even with my huge dollar volume, I was hardly earning a living...
Amen.
Those two sentences might sum up the story of nearly all framers who have been in business more than 10 years. Couldn't have said it better.
JRB has obviously found his HappyPlace, his niche. But beyond that, he has found ways to make more money doing less work.
A lot of us are doing the same thing, one way or another. We're the survivors, finding our niches in our local markets and serving them as profitably as possible. We are buying better, selling better, and operating much more efficiently than we used to. Acronyms like POS and CMC have a lot to do with that, I think.
In John's upscale San Diego neighborhood, perhaps he really can operate most profitably with only wood mouldings. But in my neighborhood, it's different. Poly works very well in my market.
Just one observation, John. 30,000 feet seems like an awful lot of moulding inventory for a one-man shop. I'm guessing you've had that for a while and you're working it down as fast as you can, or maybe a semi-truck rolled over in front of your shop and dumped it on the sidewalk? Ah, yes. A framer's fantasy.
For one framer working 300 days a year, 30,000 feet of moulding represents about 4,000 typical frames at 7.5 feet each, building an average of 13 frames a day. If you sold only moulding from stock and didn't buy another inch, that's a year's supply!
Efficient operation normally calls for inventory turnover several times a year. I'm only guessing, but I'd bet you occasionally buy chops or small length orders, so you might be hard-pressed to turn over 30,000 feet of stock in 3 years, and 5 years would be a more reasonable expectation.
That kind of inventory commitment would scare the pudding out of me. Mine is not exactly a one man shop, but I like to keep my inventory under 1,000 feet and turn it over about once a month. Also, my average production is nowhere near 13 frames a day.
After all that 'ciphering, are you gonna tell me that was a typo, and you really meant to say 3,000 feet?
