Dad- of-four gains $50,000 a month after leaving of secondary school: ‘Pretty straightforward’

An Aussie father-of-four has actually shared just how he went from leaving of secondary school and operating at McDonald’s to coming to be a millionaire local business owner making $50,000 a month. The highlight? He claimed various other Aussies can adhere to in his footprints with no experience or abilities.

Dan Cahill was functioning as a supervisor at McDonald’s and discovered his $50,000-a-year wage had not been sufficient to sustain his household and provide the way of living they required. The 31-year-old informed Yahoo Finance he was having a hard time to stay on top of his home loan payments and determined he required to transform occupations.

“I went and bought a house that me and my wife really couldn’t afford at the time and I needed a way to be able to cover the mortgage and still be able to give my kids a really good upbringing,” Cahill claimed.

RELATED

“The mortgage was about $1,000 a week that I was paying and my Macca’s wage wasn’t going to cover that, or it was, but we would be living pretty tight with two-minute noodles.”

Cahill claimed he originally thought about coming to be a tradie however could not pay for the reduced incomes that are paid to pupils when they begin.

The Victorian guy claimed he saw a Facebook advertisement for Jim’s Mowing and was attracted to the apparently straightforward company design.

“I’m definitely not the sharpest tool in the shed, I’ll be honest, I dropped out of school in Year 11 and I was expelled from my previous high school before that,” he claimed.

“But I went, ‘well a mowing business seems pretty simple, actually’. I assumed that the way you would make it successful is you mow a lot of lawns, you make a lot of money. Which is exactly what it is.”

Cahill wound up acquiring a Jim’s Mowing franchise business based in Frankston for $36,000 in 2017, with cash partly obtained from his household.

For the initial 18 months, he claimed he was functioning 7 days a week right with just Christmas and Easter off.

“I just kept on going at it seven days a week, just trying to earn as much as I possibly could because my wife and I were in a pretty tight financial position,” he informed Yahoo Finance.

Cahill claimed he originally did a mix of one-off tasks and routine customers like realty representatives, NDIS and insurance coverage tasks.

Eventually, he developed “mowing rounds” which were composed of regarding 80 consumers that obtain their yards trimmed on a biweekly basis.

Story proceeds

“I built up the first mowing round and had it at $700 per day and I’d be able to do that in eight hours. From a five-day week that mowing business should make $3,500 per week,” he claimed.

Cahill claimed he had the ability to employ his initial staff member 6 months in, his more youthful bro, that he reached do a cutting round.

From there, he claimed he had the ability to develop a brand-new mowing round every 6 months approximately and work with even more team.

“I would hire an employee and give them a mowing round and pay them $1,500 per week,” he claimed.

“I had six employees working for me, all doing full-time hours, all making me $3,500 a week each.

“Then, obviously, you would have weeks where I would go out and be on the tools as well and do jobs myself.”

Cahill said he was turning over up to $24,000 a week with the business and six staff, with under half of that being profit after fees, wages, petrol and other expenses were taken into account.

Jim’s Group recently posted a video about Cahill’s earnings as a Jim’s Mowing franchisee and Aussies were blown away, with many simply not believing him.

Jim Penman, owner of Jim’s Group, responded to the “blowup” and clarified that Cahill had six employees working with him at the time. However, he claimed other Aussies could make higher than average wages with the job.

“Our franchisees, we’ve done surveys, we know that on average they make well over the average Australian income and this is for somebody who maybe is a high-school dropout,” Penman said.

“If you don’t believe me, give us a try and find out. Spend some time with our guys and you will see how much money you can actually make doing the basic jobs around society.”

Cahill said becoming a franchisee wasn’t easy when you first started out, but anyone willing to put in the hard yards and able to handle the physical work could do it.

“You got to go out there and you got to work a lot of hours and really put the hard yards in,” he said.

< p course=” yf-1pe5jgt“You don’t really need experience or skills when you come in. I think you really just need a can-do, positive attitude and a good work ethic.

“If you want to make a lot of money, you’re going to need to mow a lot of lawns. So as long as you understand that, you’re going to be alright.”

yf-1pe5jgt”>In 2021, Cahill decided to make the switch from being a Jim’s Mowing franchisee to become a franchisor.

“A franchisor is someone that coaches the franchisees on how to run their businesses and then sells businesses in that area,” he explained.

“As a franchisor my role is to recruit and retain franchisees… Part of the work is trying to bring in enough work for all your franchisees to keep them happy and see the value in the Jim’s Mowing franchise.”

Cahill said he had saved up about $500,000 from his mowing business and decided to make the leap so he could spend more time with his kids.

caption-separator yf-8xybrv”>Cahill is now a franchisor and is planning to expand the Jim’s Mowing business to America. · Source: TikTok/Supplied

Cahill partnered with Penman to purchase the Brisbane region of Jim’s Mowing as a franchisor. When it worked out well, they ended up buying more and more parts of Jim’s Mowing together.

yf-1pe5jgt”>“Jim has never partnered up with anyone before but he did with me, very luckily. I’m now at a point where my profit is about $50,000 a month,” Cahill said.

“So you find a way for them to earn at least $3,500 from a mowing round and that’s from my own experience that I’m teaching them.”

Cahill yf-1pe5jgt Penman yf-1pe5jgt Jim yf-8xybrv” >Mowing < figcaption course=”yf-8xybrvFlorida caption-separator yf-8xybrv America svelte-nxhdlu

Get yf-1pe5jgt Yahoo Finance yf-1pe5jgt Facebook yf-1pe5jgt” >LinkedIn < p course=”yf-1pe5jgt Instagram yf-1pe5jgt