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Old 04-01-2012, 04:41 PM
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jrs.landscaping jrs.landscaping is online now
LawnSite Silver Member
Join Date: Mar 2012
Location: Maine
Posts: 2,707
I am just going to assume you are sole proprietor because you say your take home is your net. Looking at your numbers for being in your third year of business I think you are ahead of where you should be. Assuming you started this business with nothing grossing almost 100k is great for your third year. My only question is how much is being put back into business cash flow for improvements and expansion? Orangemower hit the nail on the head. We grossed almost 250k last year but my father only brought home around 20k. The rest was put into cash flow and we made some updates to our truck and mower fleets. The way he looks at it is like a nest egg. He is living within his means so that in the future he can collect the same amount out of his business, not deplete the budget, and be able to subsidize his retirement. Just continue doing what you are doing it seems to be working, just don't live beyond your means because your business has a great year or two. Who knows what the next one holds?
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