Loans?

[phillie]

Originally Posted by justanotherlawnguy

jeez people are so ignorant!!!!

just because you go into debt does not mean you will fail. if you financed a brand new z for 48 months at 0% and that z in turn caused your productivity to sky rocket and generate the majority of your income, how could that lead to failure.

ALL successful businesses run with some level of debt. let me say that again ALL successful businesses run with some level of debt.

its the white trash ignorant guys on here with zero business sense that avoid credit and have no idea how to responsibly use credit........

100% Agreed

[cpllawncare]

Originally Posted by justanotherlawnguy

jeez people are so ignorant!!!!

just because you go into debt does not mean you will fail. if you financed a brand new z for 48 months at 0% and that z in turn caused your productivity to sky rocket and generate the majority of your income, how could that lead to failure.

ALL successful businesses run with some level of debt. let me say that again ALL successful businesses run with some level of debt.

its the white trash ignorant guys on here with zero business sense that avoid credit and have no idea how to responsibly use credit........

Which is exactly what happened to me, I financed another stander at 0% for next year, so I could increase production and make more room on the schedule for more business. I ran maxed out the last half of the season and it was no fun working weekends when it rained to makeup for lost production during the week, my new stander has already added at least two days to the schedule, and as we get better organized I anticipate even more time to be made on the schedule.

[CL&T]

its the white trash ignorant guys on here with zero business sense that avoid credit and have no idea how to responsibly use credit...

I guess it's because they sleep better at night with a new machine and no money left in the bank. Hey, I ain't beholden to nobody! If that isn't a recipe for failure I don't know what is.

[cpllawncare]

Originally Posted by CL&T

I guess it's because they sleep better at night with a new machine and no money left in the bank. Hey, I ain't beholden to nobody! If that isn't a recipe for failure I don't know what is.

Yep if you go out and buy a new machine, with no planning and it leaves you with no money in the bank your probably not going to make it anyway, it takes some sense of knowing when and if your even in the right position to buy and when you don't. Unfortunatly in this trade it takes machinary to run an efficent (SP) operation. I read a post a while back about how in the long run running with the right equiptment is a much smarter approach than trying to throw man hrs at a job.IE: equiptment pays for itself whereas man hrs is ongoing forever.

[Woody82986]

Originally Posted by justanotherlawnguy

jeez people are so ignorant!!!!

just because you go into debt does not mean you will fail. if you financed a brand new z for 48 months at 0% and that z in turn caused your productivity to sky rocket and generate the majority of your income, how could that lead to failure.

ALL successful businesses run with some level of debt. let me say that again ALL successful businesses run with some level of debt.

its the white trash ignorant guys on here with zero business sense that avoid credit and have no idea how to responsibly use credit........

I suppose this is all relative, but your assumption is wrong and illogical in it's very fabric. Not all successful businesses run with some level of debt. For you to use the word "ALL" and in big capital letters no less, makes you look ignorant. There are plenty of businesses that are very successful and run with absolutely no debt. For you to think otherwise is foolish. My assertion that what I am saying is all relative revolves around everyone's own opinion of what "successful" is. To give you just one of many examples of why you are wrong, I'll simply point you to Dave Ramsey. He runs a completely debt free company. If you don't think he is successful, then you are the ignorant one. And if you think he utilizes one red cent of debt, then you are beyond help. I don't like credit, and I wouldn't advocate it's uses unless you truly understand it's inner workings, but if people want to use it, that's fine with me. There's no incorrect answer to the credit/cash debate. Either way, if you are responsible and pay attention to what you are doing, you will achieve whatever you deem to be "success". I agree that responsible use of credit can help some people. But don't go spouting off falsehoods that you have to know will be disproven as utter BS. It makes you look foolish.

[Woody82986]

Also other debt free companies who don't use debt and have large cash reserves... American Express, Mastercard, Blinds.com, Amazon.com... I guess those guys aren't successful. What the hell was I thinking trying to prove you wrong. Those guys don't have a clue. I wonder why American Express and Mastercard are debt free with huge cash reserves. hmm. Think about it....

[Blades Lawn Maintenance]

I'm surprised the thread hasn't been closed yet

[CL&T]

Originally Posted by Woody82986

I suppose this is all relative, but your assumption is wrong and illogical in it's very fabric. Not all successful businesses run with some level of debt.

That may be true but you nor I know what their actual financial situation is as well as what your interpretation of "successful" is. There are some companies that are better financed than others and can afford to take the hit. But even then a smart business person may want to get creative by financing or even leasing new assets and leaving his money alone in investments.

So really the question here is who is the business person or who creates a job for themself cutting grass.

I wonder why American Express and Mastercard are debt free with huge cash reserves. hmm. Think about it....

Ok, now I see what's stuck in your craw. Why don't you explain it to us?

[32vld]

Originally Posted by cpllawncare

Which is exactly what happened to me, I financed another stander at 0% for next year, so I could increase production and make more room on the schedule for more business. I ran maxed out the last half of the season and it was no fun working weekends when it rained to makeup for lost production during the week, my new stander has already added at least two days to the schedule, and as we get better organized I anticipate even more time to be made on the schedule.

The difference between you is there are 100 guys come on here wanting to fiance a bigger mower.

You had a full schedule of work. And, I'm willing to bet if you lost 20% of your busness you still could pay off the loan.

As for the other 100 guys here, the Dwayne "The Rock" Johnson would call them Jabroni's having 15 to 20 hours of work each week and want to increase their capacity. Hello, helloooooo, Jabroni's going into debt to buy that 48"-60" mower so you can get that 15-20 hrs of work down to 7.5-10 hrs of work a week is not going to get you another 20+ hrs of work a week.

People confusing wants with needs.

[justanotherlawnguy]

[QUOTE=Woody82986;4558722]I suppose this is all relative, but your assumption is wrong and illogical in it's very fabric. Not all successful businesses run with some level of debt. For you to use the word "ALL" and in big capital letters no less, makes you look ignorant. There are plenty of businesses that are very successful and run with absolutely no debt. For you to think otherwise is foolish. My assertion that what I am saying is all relative revolves around everyone's own opinion of what "successful" is. To give you just one of many examples of why you are wrong, I'll simply point you to Dave Ramsey. He runs a completely debt free company. If you don't think he is successful, then you are the ignorant one. And if you think he utilizes one red cent of debt, then you are beyond help. I don't like credit, and I wouldn't advocate it's uses unless you truly understand it's inner workings, but if people want to use it, that's fine with me. There's no incorrect answer to the credit/cash debate. Either way, if you are responsible and pay attention to what you are doing, you will achieve whatever you deem to be "success". I agree that responsible use of credit can help some people. But don't go spouting off falsehoods that you have to know will be disproven as utter BS. It makes you look foolish.[/QUOTE

oh jesus here we go. thanks for blowing my response way out of proportion!

with the exception of a handful of companies that hoard cash. ALL companies run with some level of debt.

even if dave ramsey pays cash for everything, I am sure he has purchase orders and supplies he orders online with a credit card. even using AMEX and paying it off every month is using credit.
Amazon, Philip Morris, Wal-Mart all carry sizable debt loads. All of which have far more earnings then anyone on this site could ever achieve
Amex, Capital One, Discover, and even the great Berkshire Hathaway, all of which are monsters in the financial world have Billions of dollars in long term debt.

Anything else Economics Genius?