Register free!

The Green Industry's Resource Center


Reply
 
Thread Tools   Display Modes
  #1  
Old 02-07-2003, 02:49 AM
bob21's Avatar
bob21 bob21 is offline
LawnSite Member
 
Join Date: Dec 2002
Location: ohio toledo
Posts: 18
what kind of money should you make in your first year of bussiness

i was just wondering what kind of money you all made in your first year of bussiness.


thanks
Reply With Quote
  #2  
Old 02-07-2003, 03:40 AM
grshppr's Avatar
grshppr grshppr is offline
LawnSite Senior Member
 
Join Date: Dec 2002
Location: Vernon British Columbia
Posts: 301
Your first year in business, I'd count yourself lucky if you break evem. The first year is the hardest, buying new eqipment, setting up an office/shop/getting cards/invoices/truck/trailer/the list goes on. You should start making money in the second year.
Reply With Quote
  #3  
Old 02-07-2003, 10:31 AM
Barry D Barry D is offline
LawnSite Member
 
Join Date: Oct 2002
Location: Georgia
Posts: 44
I agree with grshppr, it all depends on the cost of your equipment. If you have most of what you need to get started, then you will make some profit. However, if you have to buy all new/used equipment, business supplies then you MAY break even.

There are other elements that you will have to purchase: Insurance, business license, a good CPA to handle your taxes, answering service or cellphone to receive calls from customers.

This is a very profitable business but will take some hard work to get to the point that you have enough business to get out of the red numbers (lost of profit). Stay focused and treat every account with professionalism and great customer service.

Good luck!!!!
Reply With Quote
  #4  
Old 02-07-2003, 01:25 PM
65hoss's Avatar
65hoss 65hoss is offline
LawnSite Fanatic
 
Join Date: Sep 2000
Location: Memphis, TN
Posts: 6,360
It depends. You can make enough to pay your bills. But that may be about all. You could also pay the bills, reinvest some in the biz and still have enough to live out the winter. Just depends on how much you need to make to get by on. Email me, I have something I put together about accounting I can send you. It may really help.
__________________
Reply With Quote
  #5  
Old 02-07-2003, 02:21 PM
walker-talker's Avatar
walker-talker walker-talker is offline
LawnSite Platinum Member
 
Join Date: Aug 2001
Location: Midwest
Posts: 4,774
5K

MATT
__________________
PROGRESSIVE LAWN & LANDSCAPE
Check out my website

www.progressivelawn.com
www.wichitalawnmowing.com
www.partybuswichitaks.com

"We are what we repeatedly do. Excellence, then, is not an act, but a habit."
- Aristotle

"Simplicity is the ultimate sophistication."
- Leonardo da Vinci
Reply With Quote
  #6  
Old 02-07-2003, 04:10 PM
tiedeman's Avatar
tiedeman tiedeman is offline
LawnSite Fanatic
 
Join Date: Jan 2003
Location: earth
Posts: 8,753
yup, I think my first year I was around $2,500 in the hole
__________________
I use Gopher Billing & Scheduling Software
Download your FREE fully functional 30-day trial here.
Reply With Quote
  #7  
Old 02-07-2003, 05:10 PM
devildog devildog is offline
LawnSite Senior Member
 
Join Date: Dec 2002
Location: sc
Posts: 270
All good coments. Can you make enough to get to the second year, when if your really on top of things, you might make a profit. with regards... devildog
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 05:24 PM.

Page generated in 0.07546 seconds with 9 queries