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  #11  
Old 03-31-2012, 10:16 PM
martinlawn29 martinlawn29 is offline
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Join Date: Jan 2012
Location: Michigan
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I'm sure u will be fine 120 lawns in 3 years outstanding ! Keep it up man work hard u will do fine by your family . Congrats on your success !
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  #12  
Old 04-01-2012, 12:44 PM
orangemower orangemower is offline
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Join Date: Dec 2011
Location: pa
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Quote:
Originally Posted by Set Apart Lawn Care View Post
Just to clear a few things up, I am talking about your net income, after taxes, expenses, etc. how much money do you bring home. My average yard is $38 per cut, out of 120 yards we probably mow 80-90 a week in the growing season + landscaping. In Memphis we have a 7 month season that I may gross $84,000, but I dont just make $84,000 (dont get caught up in the math, these are rough numbers) minus the cost of gas and employee wages, there is a lot of other overhead to keep this going year after year. I have thousands of dollars worth of equipment that has to be replaced every few years, truck note, gas, insurance, workers comp, cell phone, equipment maintenance, ADP payroll fees, unemployment tax, etc.

So again if anyone is making $50,000 net, what does your business look like? how hard did you work and how long did it take to get there? Same questions if you do this part time and make $24,000 a year like I've been taking that last couple years, or you make $200,000 and have multiple crews. I am wanting to know where I need to be in 10 years business wise and if that lines up with the life I want to provide for my family in 10 years.

Hopefully that was clarifying
This still leaves a large hole. It depends on how rich of a life style you want to live and what your family is happy with. The way the economy has been and where it's going is anyone's guess. Knowing where you'll be in 10 years is hard to say. You may want the big sport boat and fancy travel trailer along with all the other toys. Then you have the wife and her wants/needs and the kids. Do the kids have to have Under Armor-everything? It all depends on the life style you want to live.
There's a saying, "the more you make, the more you spend". If you're fickle with your money and your family can live a life style of necessity and not "want" then you'll more then likely do fine.

Last edited by orangemower; 04-01-2012 at 12:48 PM.
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  #13  
Old 04-01-2012, 03:41 PM
jrs.landscaping's Avatar
jrs.landscaping jrs.landscaping is online now
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Join Date: Mar 2012
Location: Maine
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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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