PDA

View Full Version : just getting started


cp
03-13-2001, 10:20 PM
Hi guys,
I'm just getting started and without going into all the details would like to hear some advice from pros. I've already got the lawyer, CPA, Banker, and equipment dealer on the move. All I need now is enough customers for me to quit my current job and go full time.. All comments welcome.

Thanks, Chris.....

OBRYANMAINT
03-13-2001, 10:49 PM
line up the accounts before you quit and possibly do it part time for a year or two to get yourself established well that way when you do do it full time you will have a better chance at success

Stonehenge
03-13-2001, 11:10 PM
Chris,

Sounds like you've got a good start. I'll amend what OM had to say. I don't know what your situation is, if you have a spouse that's got a solid income, etc....

If you have a great safety net, jump in with both feet. If you don't, go slow/part-time.

There are a million ways to try to attract customers, depending on what kind of area you live in, what kind of business you want to attract, on and on. Just make sure that the customers you handle now all LOVE what you do. Build a solid base of customers who will serve as references for you.

joshua
03-14-2001, 12:17 AM
If you have a great safety net, jump in with both feet. If you don't, go slow/part-time.


as both guys said, go part time for now and next year think about full time if you can grow that fast. get estibished, make a name for yourself, and make sure the land you are on today is solid for tommorrow. every year i see guys come and go, for many reasons, you don't want to be one of those guys.

John Allin
03-14-2001, 04:45 AM
joshua,
It's a great industry that has made millionaires of many that have paid attention to the "business" side of the workload.

Good luck. This is a great place to avoid the pitfalls that come with the "trial and error" method of starting up. Most of the posters here have made mistakes and can assist you (and others) in avoiding the same potholes.

eggy
03-14-2001, 09:52 AM
Be careful, if your job has hours in which you can cut on the side try that first, also I am not sure but if you plan on cutting only, I would really look into the landscape side of the buisness. We are starting to find this side of buisness a little better.

cp
03-22-2001, 10:21 PM
Well guys, Just wanted to let anybody out there know where I'm at on the start up biz.
To date I have incorporated, gotten my CPA on board, prepared my business plan with financial projections,(boy was that a shot in the dark), but my banker likes it!
I am in the process now of getting all the finances finalized, i.e., checking acct.,etc..
I pick up my equipment next Friday. And I'm getting a few jobs ready. I was a little afraid to jump the gun on job estimates until the company was formed and legal. Insurance is done and the one thing that I need advice on now is whether I should go with Quick Books or Quick Books Pro or something else???? Any help would be appreciated...

Now I'm just chomping at the bitt...

CP

Fantasy Lawns
03-22-2001, 11:07 PM
sounds like you've built a solid foundation ....your CPA should be Quick Books Pro friendly if not .....well..if your planing on doing it ?? or click on the Lawn Monkey or Clip Banner's ....lots of other software out that will help

Our CPA does all our books, check, depoists, payroll & tax needs best $500 I spend each year ...all on Quick Books Pro ....I have a copy here and get a back-up file each Monday to check over everything

Anyways ...good luck ....get out the marketing & advo stuff

dmk395
03-25-2001, 07:54 PM
Go partime, then if you like the business enough, and make the money you want with it, go full time. Also don't incur huge debts, and make sure you buy high quality equipment.

site
03-27-2001, 12:15 AM
It's not what you make- it's what you keep. Be thrifty. Also lets assume (for easy math) that your net profit is 10%. If you do a job for $100 you get to keep $10. Increase the price of that job by 10% to $110 and you have just doubled your net income. In other words don't be afraid to bid high on jobs. So what if you miss a few. You will have the extra money to do the ones you get correctly and build a reputation. Also, when you do mess up and price a job too cheaply and it gets accepted- treat it like all your other jobs. Do it right and don't comlain. Move on to the next one and try again.

Albemarle Lawn
03-31-2001, 03:37 PM
You don't need lawyers, CPA's etc etc. You don't need a banker. Just good running equipment and good vehicles.

All you need to get started is customers and insurance for yourself and your business.

If you are quitting your other job make sure you have proper health insurance.

Make sure your vehicles are properly insured for commercial use. If you have an accident, a serious claim will be denied for a truck insured for personal use.

KB in Virginia

cp
03-31-2001, 10:15 PM
Well guys here it is!!!

Today is Saturday, 31 Mar. 2001, AND I HAVE DONE IT!!!

I picked up my equipment today and left the dealer and went straight to my first contract, did the job, picked up my check and came home. I feel great!

Thanks for everyone's help and comments.

Looking forward to future posts.

John Allin
04-01-2001, 11:51 AM
cp,
Congratulations. Enjoy the moment.

Mike Nelson
04-01-2001, 01:05 PM
cp,

I would like to congradulate you on your first job and may you prosper on many more.
Take along a camera on all your jobs,cause it is fun to look back over the years.Time seems to fly when you are having fun.
I would also agree on all the things you did to get set up along the way,just going to make your life easier later.

Good Luck

75
04-01-2001, 03:20 PM
cp - conrats on your "startup" and best of luck to you in the years ahead. By the sounds of what you have posted here, you have done your homework well.

And I'll second what Mike suggests about the camera!

site
04-02-2001, 08:09 PM
When is the IPO?

mbwent
04-07-2001, 03:36 PM
If you use Quick Books Pro, you only need your CPA 1X a year. Quick Books Pro handles Payroll easily and does 99% of the work for you. If it makes you feel better, have your CPA look over your tax filing forms before you file, it will be cheaper for a review than full preparation!

Market your business, every single month, and hit every prospect 3 times in a short time period - 3 times is the charm. If they don't know you are there, they won't call, right?