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  #761  
Old 10-09-2007, 11:04 AM
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meets1 meets1 is offline
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ETW - Excellent point. Your market, your area your biz. Everyone else is out of your realm as well as mine. I work in a 60 mile radius - that is the market i watch, think and learn where things will be going in 3 - 5 - 10 years and adpat to any changes that I might need to make.
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  #762  
Old 10-09-2007, 11:21 AM
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etwman etwman is offline
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Your business plan is exactly that, your business plan. You need to decide on your target market, what your companies limits really should be, and where you want the company to go. I mean, yeah its cool to meet at our shop Monday at 6:30, be at the local airport at 6:45 with coffee in hand, workboots on, and ready to go. Jump on a plane and by 8:00 are laying pavers at a resort 350 miles away, but you need to take other things into account as well. Do your employees, who have families really want to be away that long? How much do you want to penetrate that market? Etc.

I have a folder in my desk on places we could go with this business and things we could do that would make the hair on the back of most necks stand straight up. I've been asked by some of our vendors repeatively to consider these things because they are untapped markets with extreme potential. Are we capable of doing them? Absolutely. Does it fit our business plan? It could. Do I want it to? Not right now, maybe in another 3-4 years. This is why each business plan is different and it needs to be revisited about every 3-4 years as things change.
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"Earth, Turf, & Wood, Inc. is a high-end residential landscape & hardscape company that offers superior employment experiences for employees, exceptional opportunities for our architects, a premium service to our customers and value to the community through service and stewardship. We attempt to honor God in all we do by encouraging teamwork, pursuing excellence passionately, serving those who lead, and demonstrating stewardship of resources."
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  #763  
Old 10-09-2007, 04:31 PM
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cgland cgland is offline
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Being that I'm in your area, I think YOUR business plan would benefit me greatly. Please forward it ASAP. Thanks in advance.

P.S. Could you also include your entire customer list w/ phone numbers,

Chris
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  #764  
Old 10-09-2007, 07:03 PM
mrusk mrusk is offline
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Guys I do not think Jarads business plan would benifit us. Its not like you could just read it, copy his plan and have the same success. Different things work in different areas and no two companies are the same.

I think alot of people here are looking for tips to make is easier to build a successful business. I think what it comes down to is there is no easy way to build a good business. It comes down to hardwork and dedication.

I am in my third year of business and everything seems to be just falling into place. One increidble job after another seems to just fall into my lap. But are they really falling into my lap? NO. Its the 2.5 half years of hard work that is finally starting to pay off.

I think most companies do not do as well as ETW because they are not focused. To be success you need to be focused. You need to pick one type of job and go after just that. Focus on nothing else except that one type of job. Do not try to be everything to everyone.


Matt
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  #765  
Old 10-09-2007, 09:00 PM
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tjsquickcuts tjsquickcuts is offline
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For less then $300 bucks, you can have a professional write up a business plan for you. Business plans are not as simple as most think. They take time and effort. We are finishing up our BP for 08, and its a lot more extensive then the plan I had written in 2004. It should be around 18 to 20 pages, all with detail information collected from the last few years. Records from all the previous years really have played a huge roll in coming up with this BP. But invest a few hours and dollars and you to can have direction.

I agree about banks being skeptical on lending money to LCO, Landscapers, etc....its a huge risk they take, and most banks want to see at least 3 years of tax returns. So all of the no legit companies out there just dont realize how bad they are hurting themselves by not filing taxes. They will never be able to grow. Furthermore, you can go to school for anything, but if you dont have the god given talent and a eye for landscaping then you arent going to make it long term. Even mowing takes talent, and will be noticed if you are doing a great job. A old quote I have always remembered is, that "people dont plan to fail, they fail to plan. Without a plan, you have no direction. Thats where a BP comes in to play. We have added a few silent investors, and we are planning on getting a healthy loan, and I am sure we wont have any bumps in the road while doing so. Jarad didn't promote the idea for taking loans from the bank or using silent investors, but our companies are different, and we have different needs are for business. I am taking out the loan to give my wife and family peace of mind because we will be dealing with a lot of money. We plan to have the loan paid back within 4 years, and shouldnt have to borrow ever again. Silient investors all have deals that are giong to benefits everyone. My attorney wrote my BP just in case you all were wondering. She is awesome, and has done a great job on all the details. JMO......
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  #766  
Old 10-09-2007, 09:17 PM
mrusk mrusk is offline
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I disagree with using private investors. If you know your overhead, and price jobs accordingly, there should be pleanty of money to grow your business without investors. Unless your going from 5 employees to 50.
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  #767  
Old 10-09-2007, 09:22 PM
ALarsh ALarsh is offline
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Quote:
Originally Posted by tjsquickcuts View Post
For less then $300 bucks, you can have a professional write up a business plan for you. Business plans are not as simple as most think. They take time and effort. We are finishing up our BP for 08, and its a lot more extensive then the plan I had written in 2004. It should be around 18 to 20 pages, all with detail information collected from the last few years. Records from all the previous years really have played a huge roll in coming up with this BP. But invest a few hours and dollars and you to can have direction.

I agree about banks being skeptical on lending money to LCO, Landscapers, etc....its a huge risk they take, and most banks want to see at least 3 years of tax returns. So all of the no legit companies out there just dont realize how bad they are hurting themselves by not filing taxes. They will never be able to grow. Furthermore, you can go to school for anything, but if you dont have the god given talent and a eye for landscaping then you arent going to make it long term. Even mowing takes talent, and will be noticed if you are doing a great job. A old quote I have always remembered is, that "people dont plan to fail, they fail to plan. Without a plan, you have no direction. Thats where a BP comes in to play. We have added a few silent investors, and we are planning on getting a healthy loan, and I am sure we wont have any bumps in the road while doing so. Jarad didn't promote the idea for taking loans from the bank or using silent investors, but our companies are different, and we have different needs are for business. I am taking out the loan to give my wife and family peace of mind because we will be dealing with a lot of money. We plan to have the loan paid back within 4 years, and shouldnt have to borrow ever again. Silient investors all have deals that are giong to benefits everyone. My attorney wrote my BP just in case you all were wondering. She is awesome, and has done a great job on all the details. JMO......
What kind of "healthy loan" is repayable in an extremely short 4 years?
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  #768  
Old 10-09-2007, 10:08 PM
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LawnBoy89 LawnBoy89 is offline
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Location: East Haven, Connecticut
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etwman i know you aren't a painter but that rhino type stuff that you used in your trailer...do you think it would be alright if used in a concrete garage...i just painted it light blue and theres always something going on in my garage it gets marked up quick
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  #769  
Old 10-09-2007, 10:13 PM
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tjsquickcuts tjsquickcuts is offline
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This is a Great example of how each business is different. Its all about how you plan to pay the money back. We are a full service Lawn care and Custom Design Landscape co. The loan is being used because of our emergence into the Custom Design and Build landscaping. We have done great up to this point without having to borrow a thing, but I am planning on taking my business to a different level. We are having a new building constructed, and will also be purchasing tons of equipment including 2 $70k trucks, a track loader, and a excavator. On top of all that, we need a few more mowers and hand helds for my mtce division. I know what kind of income my company has generated, and what kind of money we are projected to generate, so I feel more then comfortable that we will have it paid within 4 years. We are currently working on a seven figure project now, but its a 2 year contract. We have more then enough income project to cover all loans, and investors which brings me to my next point. The silent investors were recommended by both my accountant and attorney. The investment money is being used for the building, and to cover cost of all adminstrative componets needed to run the admin. side of my business. Next year I will have a total of 15 people on payroll, with 4 of those being specialist that didnt come cheap, and I do not want to touch any of my net income from this season which has by far exceeded our projections. But it all goes back to every company is different. I want to be able to put my hands on every piece of equipment needed, and not have to rent or scrammble around to find it when needed. Maybe I am creating more over head then I possible need, but it how I plan to grow my business, and so for it has worked. We could continue to operate on net capital, but I have a chance to expand and I am going to take advantage.

But just a side note......$250k with 3.4% interest rate can easily be paid off within a 4 year period. We have surpass the $450k mark already this year, with the most profitable part of the season coming around the corner with irrigation systems being winterized, fall planting, and leaf blowing on top of all the projects we have scheduled this fall and the projects we are working on which should gross another $150 to $200k. I Know what its going to take to run my business, I built it and have seen it grow from just a push mower hanging out the back of my explorer to a mid size business. Every aspect of the investors and the loan have been tabled and agreed upon by my attorney, accountant, and most importantly my wife. Its a risk, but where would Bill Gates be without taking risk??? Probably working for Apple....
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  #770  
Old 10-09-2007, 10:13 PM
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etwman etwman is offline
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I wouldn't put it on concrete, I don't think its made to adhere to that. There are special paints that can be used for that purpose but the floor must be cleaned and shotblasted first.

ALarsh -A loan that helps a new person in business establish credit and prove to a lending institution that their business plan may be obtainable.
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"Earth, Turf, & Wood, Inc. is a high-end residential landscape & hardscape company that offers superior employment experiences for employees, exceptional opportunities for our architects, a premium service to our customers and value to the community through service and stewardship. We attempt to honor God in all we do by encouraging teamwork, pursuing excellence passionately, serving those who lead, and demonstrating stewardship of resources."
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