Is a Semi-Truck the Solution?
Floor Covering Education Foundation Installer Solution
Projected FCEF Model Solutions
The below graphs and data are projected results
Number of Installers
Gain vs Loss
FCEF Gain of 5,643 is 63% of the Installer Solution.
This leaves our industry with a 37% installer loss.
The number of 9,000 installers is a total after losing 3,000 a year.
Source: Blackstone Group Report 2019
Absorption Rate
It can be assumed that other industry affiliated companies will absorb the 3,357 installer loss.
FCEF Supporting Installers (Recruits) Solutions
Recruit representation from the Floor Covering Education Foundation would be helpful during their progress in becoming a trade professional installer during and after the FCEF program.
Other Solution?
If the Floor Covering Education Foundation is supporting dealers during the program, how is the FCEF supporting Recruits?
Some Suggestions:
Can the Floor Covering Education Foundation offer discounts to installers to enhance their training, growth, and professionalism?
Other Solution?
FCEF's Major Expenses
Broken down into 4 Categories
Scholarships
$2,000 given to each qualified Recruit.
Running Cost
Trucking staff, truck cost, maint., fuel, 30k miles, etc.
Forgiveness Loans
$1,000 returned to Recruit after completion.
Other Expenses
Purchase of tractor, trailer, marketing, etc.
Largest expense, 1/2 of all expenses. This may increase or decline based on the number of Recruits in the program annually.
This includes 2 trucks, and cost of running the trucks. This doesn't include other employee costs, event costs, etc.
This expense is attributed to retaining 1,833 Recruits/yr. Assuming all 1,833 fulfill their program obligations.
Truck and trailer cost are one-time purchases and a depreciating metric. Marketing is 2% of revenue and low to make projections work for 2 truck model.
Semi-Truck Obstacles & Solutions
Other Solution?
14-hour clock, 8-2 Splits, 10 hours Off-Duty:
Other Solution?
Revenue as a Sustainable Solution for Success
As long as Contributions are Constant - Installer Win!
Recruits & Sponsors (dealers)
$11.3 M from Recruits and Sponsors (dealers) is 49% of all revenue. The success of the FCEF is their ability to marry Recruits with Sponsors is half the work. Enough willing Sponsors and a good economy are equally important to FCEF's success.
Industry Partner Contributions
$10M is 43% of revenue. The success of the FCEF will result in a large number of Recruits coming into the Installer program. More importantly, the FCEF will need more contributions from partners to sustain any progress.
Other Revenue
Over $2M of Other Revenue, is directly related to Recruit's $1,000, WFCA $1M and investment return contributions. All are relational but not sustainable.
Trucking Industry has a Driver Shortage Crisis Too?
Floor Covering Education Foundation Classroom is Out of Service Solutions
Other Solution?
The FCEFTracker.com's purpose is to bring you the latest updates on the Floor Covering Education Foundation and provide you insights on the FCEF's solutions from a different point of view helping you understand the problems and what needs to be done to fix them. Together we can help the FCEF succeed.
© Copyright FCEFTracker.com | All rights reserved
The views expressed here are those of the individual BuildMyWay personnel quoted and are not the views of its affiliates. Certain information contained in here has been obtained from third-party sources, including from individuals who were paid or volunteered to express their opinions. While taken from sources believed to be reliable, BuildMyWay has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content does not include third-party advertisements; BuildMyWay has not reviewed such advertisements and does not endorse any advertising content or individual contained therein.
This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own professionals as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute a recommendation or offer to provide advisory services. Furthermore, this content is not directed at nor intended for use by any investors/contibutor or prospective investors, and may not under any circumstances be relied upon when making a decision to invest/fund for BuildMyWay or said company/organization. (An offering to invest in a BuildMyWay fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed or affiliated with BuildMyWay, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.
Charts, graphs, images and text provided within are for informational purposes solely and should not be relied upon when making any investment or supporting decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.