View Full Version : Crossroads
09-06-2000, 12:31 AM
Any of you guys gone through this phase? Is there greener grass on the otherside? All my life I worked for myself, bustin my *** to pay for school and build the business. Know that I graduated college, many of my freinds are makeing alot more than I pay myself. They get benfits almost free, where I have to pay up the ***. What I might be getting at, is that I may be ready to sell and move on. I am confused, I love the Green Industry it has been great work enviroment excecpt for the ****-poor labor force. Unemployment is getting worse 3.8 know in Ohio, thats really bad for us employors, great for employees. Thats why I may jump ship.
1. Sell the business for $650,000, work for the man (Big Corp)in another Industry for $80,000 a year + benys.
2. Stay in and build the business bigger, take a ***** salary and benfits, and hope to hell I can send profits soreing.
Which one would you choose?
Please choose some better words and thanks for using better words in your second post. Please keep the forum clean, thanks
[Edited by Eric ELM on 09-09-2000 at 02:49 AM]
09-06-2000, 12:39 AM
The question is: Are you happy? If so will you be happy selling your business and working for someone else. No one can make a decision for you, but I would do the one that makes me happiest.
09-08-2000, 11:36 PM
I couldn't be happier, than working for myself. Taking work off when I feel like it and going to work when I want too. The felexiblity of my work schedual is very important to me. Thats why I could never work for someone else. It fustrates me as a Professional Landscaper, when we in the Lawn & Landscape service sector do not get the respect and addmiration as other Professionals. Society in general, will probaly never understand or catch on to how great it is to work in this Industry. Where can you go to consistantlly, get great exersize, enjoy running power equipment outdoors, and make everything beautiful for the masses. Only in the Green Indrusty. Might I add, a 43% gross margin ain't bad ethier. "The Millionaire Nextdoor"
P.S. So thats why, they call it the "Green" Industry.
09-09-2000, 05:53 AM
Why not go work for the man? I have thought about this constantly while I was rained out time and time again this summer. I live in a large city where I could easily make over $50,000 with my college degree and experience. But I hope to make double that next year with my biz by myself except when I take on an employee for aeration and leaf season. But just imagine, you never have to kiss up to a customer. Why? Because its not your business. Employees nowadays don't care. And if you get fired from a job who cares? So many companies are dying to get employees that you could have another job in 2 weeks. I'm doubt I will ever leave the lawn biz but it is awfully tempting in an economy such as this.
09-09-2000, 06:32 PM
yea history always repeats its self.you love your freedom and the hussle and busell of this bizz. sounds like your frustrated or somthing and i am very sure this is not the first time you have thought of this option.i used to always think like that during the slow season but just when i get near makinbg that move bizz gets good ....yes the economy is good and that why so many are starting new turf service companies everyday.....but the job market will leavel off soon 12-24 months maybe and guess what those that are working for the man will become just a number because there be folks standing in line for your job once again.vent your steam than do whats make you feel good!!!!HEY WANT MORE MONEY JUST START CHARGING NEW ACCOUNTS HIGHER AND WHEN YOU GET SLAM FULL START DROPPING TO BAD ACCOUNTS AND REPLACE THEM.. customers are like brakes they all wear out you you can allways get more
[Edited by BUSHMASTER on 09-10-2000 at 12:23 AM]
If your biz is worth $650,000... I'm sorry, what is the problem again?
Are you saying that there is not enough profit to pay yourself well or ... I mean if you're on a 43% gross and your biz is worth 650k you probably do atleast 300k per year in business.
Now I've read some of the pro's on this forum talk about how much it takes to NET 6 figures and some have said 1 million in sales. I personally think that is to much work and responsability for a hundred grand. I can make 6 figures with 150k in sales, but that's pretty well killing myself and forget time off to do whatever I want. My employees are not self reliant.
Thing is, I too am thinking of other industries but not because of money. As a matter of fact I would be taking a severe pay cut at first. None of my other options involve working for the man for very long untill I go on my own.
I guess my final point is that maybe you should re-evaluate what it is you do and figure out what it takes to pay yourself better. It may not take more growth, but higher profits, speed and efficiency.
I also have a college degree and live and work in Ohio. Good luck either way.
09-11-2000, 10:27 PM
Thanks for your comments, they are helpful in order for me to make up my mind. As for correcting my language in the frist post, I guess there are too many liberals we must appease and not enough Bobby Knight's of the world.
Although the green Industry is a 8 billion$ Industry. It is almost near impossible to make 10 mill in revenue a year. Some companies have done it, but margins and salaries are not comparable to other industries. Take for example the financial industry. Out of the top 5 best performing mutual funds last year. The number 5 manager was paid 350 mill and the number 1 guy got paid over 1 billion. The sad thing about it is, that thier funds failed to beat or even meet the returns of thier indexes. If I failed to perform my job, I don't think I would be paid. This year, when I found this fact to be true. I dumped all my mutuals funds and took an ative roll in trading. This has opened a big opporunity for me, I have gained more money and worked less time than ever, and it just gets better.(There is no cap on how much money can be generated) I am currently in trainning to be an option speacialist and soon will incoraporate a bussiness in the finanical industry.
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