Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #121  
Old 08-22-2013, 04:24 PM
GMLC's Avatar
GMLC GMLC is offline
LawnSite Platinum Member
 
Join Date: Jun 2010
Location: New Hampshire
Posts: 4,363
Quote:
Originally Posted by Mark Oomkes View Post
You do know what happened to the "esteemed" Mr Allin, do you not?

Talk about your wannabe millionaire.
No, what happened?
Reply With Quote
  #122  
Old 08-22-2013, 04:35 PM
Mark Oomkes Mark Oomkes is offline
LawnSite Fanatic
 
Join Date: Dec 2000
Location: Grand Rapids, MI
Posts: 6,591
Quote:
Originally Posted by GMLC View Post
No, what happened?
Whoa, long story. You must not plow snow.

Not sure if I can shorten the story.

Didn't charge enough.

Defaulted on a bunch of vendors and subcontractors.

Sold SMG to Symbiot.

Symbiot moved to Utah where bankruptcy laws are more lenient towards corporations.

Ended up paying some subs 75% of what they were owed over an 18 month period.

He is the main reason I am now only able to charge the same rates I was 10-15 years ago for plowing.

In other words, just because you read it on the internet does not make it true.
__________________
"Science is the belief in the ignorance of the experts" – Richard Feynman

I like my guns like Obama likes his voters: Undocumented

Criminals obey gun laws like politicians follow their oaths of office
Reply With Quote
  #123  
Old 08-22-2013, 07:03 PM
GMLC's Avatar
GMLC GMLC is offline
LawnSite Platinum Member
 
Join Date: Jun 2010
Location: New Hampshire
Posts: 4,363
Quote:
Originally Posted by Mark Oomkes View Post
Whoa, long story. You must not plow snow.

Not sure if I can shorten the story.

Didn't charge enough.

Defaulted on a bunch of vendors and subcontractors.

Sold SMG to Symbiot.

Symbiot moved to Utah where bankruptcy laws are more lenient towards corporations.

Ended up paying some subs 75% of what they were owed over an 18 month period.

He is the main reason I am now only able to charge the same rates I was 10-15 years ago for plowing.

In other words, just because you read it on the internet does not make it true.
Holy cow!!

We do plow but I dont visit plow site very often...
Reply With Quote
  #124  
Old 08-22-2013, 07:50 PM
Littlered Littlered is offline
LawnSite Member
 
Join Date: Aug 2013
Location: Simpsonville, SC
Posts: 4
What's a salary?

Coming to the end of my first year.
I believe in working for my customers and not the banks! I have only added equipment as I can pay for it. Yes, growth has been slow, but I know that even though I am paying myself close to minimum wage right now I(the business)have a nice chunk of change in the bank if I needed it. (Currently saving for my first zero-turn)
This year I have bought a truck(used), two toro push mowers, echo blower, 2 stihl string trimmers and a 6x10 trailer(Got for almost half price...couldn't pass it up). Paid for.
I believe no overhead (at least minimal)allows me to take care of my customers with more competitive pricing and I have a couple part-timers that I can take good care of. They bust their humps for me and do a great job. One is an undecided major in college and even thinking of going into horticulture!!!
We' not just sowing grass seed...you reap what you sow.
Reply With Quote
  #125  
Old 08-22-2013, 08:12 PM
seabee24 seabee24 is offline
LawnSite Senior Member
 
Join Date: Mar 2009
Posts: 619
If there are any "big companies" on here I'm curious, a read a stat that showed "over head salaries" as being an 11% average. which included, sales persons, office assistance, managers and the owner.

So If i was a 3 million per year company, assuming that each crew does 200k average sales, I would need to have 15 crews? and I would have a budget of $330,000 for all salaried persons including myself? 3-4 man crew that would mean I would have 50 guys working for me, I asssume that you would need 4 staff members to manage, at an average of $50,000 per year - so I should only expect to pull a salary of $130k per year to manage all of that and risk all of that?

does this seem correct to you as a big company?
Reply With Quote
  #126  
Old 08-22-2013, 08:19 PM
seabee24 seabee24 is offline
LawnSite Senior Member
 
Join Date: Mar 2009
Posts: 619
hey Mark - it happens, doesn't really change the important things in life.

" you miss 100% of shots you don't take" - Wayne Gretzky

" I've Failed over and over and over again in my life, and that is why I succeed" - Michael Jordan

Brings an interesting perspective after thinking about these
Reply With Quote
  #127  
Old 08-23-2013, 09:59 AM
birddseedd birddseedd is offline
LawnSite Bronze Member
 
Join Date: Jan 2012
Location: Kalamazoo MI
Posts: 1,904
Quote:
Originally Posted by John Allin View Post
Another thing I've noticed. Those that pay good or outstanding wages often have much more profitable business's because sometimes you get what you pay for.
Thats a good point. i call it the business circle of success, corny i know.

Pay your employees well (ones worth the pay) and they will do quality work, once your clients see the quality work they will be happy to pay for it, they pay well and consistantly means you get paid better and can afford to pay for quality workers.

the key is finding those workers, can take 10+ employees to find a good one.

if you are only making minimum wage would you work your tail off? me? i wouldn't work for minimum wage.
__________________
Quote:
Originally Posted by jrs.landscaping View Post
wait why do you prefer Scag? I thought you owned a Bobcat that mowed the first American Colonies
Reply With Quote
  #128  
Old 08-23-2013, 03:24 PM
Mark Oomkes Mark Oomkes is offline
LawnSite Fanatic
 
Join Date: Dec 2000
Location: Grand Rapids, MI
Posts: 6,591
Quote:
Originally Posted by seabee24 View Post
hey Mark - it happens, doesn't really change the important things in life.

" you miss 100% of shots you don't take" - Wayne Gretzky

" I've Failed over and over and over again in my life, and that is why I succeed" - Michael Jordan

Brings an interesting perspective after thinking about these
There's much, much, much more to it than just a single failure. I gave you the Cliff's Notes.
__________________
"Science is the belief in the ignorance of the experts" – Richard Feynman

I like my guns like Obama likes his voters: Undocumented

Criminals obey gun laws like politicians follow their oaths of office
Reply With Quote
  #129  
Old 08-23-2013, 09:16 PM
birddseedd birddseedd is offline
LawnSite Bronze Member
 
Join Date: Jan 2012
Location: Kalamazoo MI
Posts: 1,904
Quote:
Originally Posted by gcbailey View Post
something about reading a 10 year old thread that's been dug up from the grave...

Only way I'll ever be a millionaire is if I win the lottery! If I'm figuring right, my salary is about 13% of our gross sales.
more customers, more crews
__________________
Quote:
Originally Posted by jrs.landscaping View Post
wait why do you prefer Scag? I thought you owned a Bobcat that mowed the first American Colonies
Reply With Quote
  #130  
Old 08-23-2013, 09:21 PM
birddseedd birddseedd is offline
LawnSite Bronze Member
 
Join Date: Jan 2012
Location: Kalamazoo MI
Posts: 1,904
Quote:
Originally Posted by Littlered View Post
Coming to the end of my first year.
I believe in working for my customers and not the banks! I have only added equipment as I can pay for it. Yes, growth has been slow, but I know that even though I am paying myself close to minimum wage right now I(the business)have a nice chunk of change in the bank if I needed it. (Currently saving for my first zero-turn)
This year I have bought a truck(used), two toro push mowers, echo blower, 2 stihl string trimmers and a 6x10 trailer(Got for almost half price...couldn't pass it up). Paid for.
I believe no overhead (at least minimal)allows me to take care of my customers with more competitive pricing and I have a couple part-timers that I can take good care of. They bust their humps for me and do a great job. One is an undecided major in college and even thinking of going into horticulture!!!
We' not just sowing grass seed...you reap what you sow.
Good way of going about things. banks can be good. if done right. i'v found a company that buys the equipment, then leases it to you till you pay it off. so you can write off the amount you are paying. kinda negates the interest. but overall i make more money with the z i'm getting than what i woudl make without it, even with the payment. but gotta be carefull. some debt is good, a lot can keep your company in the red.
__________________
Quote:
Originally Posted by jrs.landscaping View Post
wait why do you prefer Scag? I thought you owned a Bobcat that mowed the first American Colonies
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.com™ - Moose River Media
All times are GMT -4. The time now is 05:33 AM.

Page generated in 0.20201 seconds with 9 queries