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Old 11-24-2013, 02:26 PM
Jack Of All Jack Of All is offline
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Join Date: Nov 2013
Location: New Jersey
Posts: 2
New Guy From NJ!

Hey Everyone,

I am planning to start my own lawn maintenance and planting service, something Ive done for summers in college and still do today(still in college). I hope to learn hardscaping eventually, but for now I will be sticking with mulch, trimmings, lawn care, planting projects, and snow removal. I want to register as an LLC to seperate myself from any catastrophes but just wanted to run some numbers by anyone who was in my situation. I will spend $8000 for new equipment (snowplow, lawncare, trailer), $14000 for a decent used truck, $5000 for a storage garage, and $5000 for miscellaneous expenses and working capital. I want to purchase a $500,000 insurance policy as well. Can anyone critique my numbers or alert me to any thing I did not inlclude? (I will have one guy working with/for me)

Thank you all!!! Looking forward to getting to know a lot of you on here!!
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  #2  
Old 11-24-2013, 03:03 PM
Jrp12357 Jrp12357 is offline
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Join Date: Nov 2013
Location: Pt Pleasant NJ
Posts: 12
Hi welcome to site. Where in NJ
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  #3  
Old 11-24-2013, 03:09 PM
Jack Of All Jack Of All is offline
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Location: New Jersey
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Hi thanks, North Jersey
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  #4  
Old 11-24-2013, 03:42 PM
A. W. Landscapers, Inc.'s Avatar
A. W. Landscapers, Inc. A. W. Landscapers, Inc. is offline
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Join Date: Oct 2013
Location: Fort Worth, Texas
Posts: 1,304
Welcome from Fort Worth, Texas.

Get at least a $1M insurance policy.

Do you have enough revenue coming in to support an employee?

$5000 to cover all your miscellaneous expenses and to be used as working capital isn't nearly enough…one or two major expenses will wipe you out.
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Scott
A. W. Landscapers, Inc.
www.awlandscapers.com

Hustler X-One 60"
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Equipment & Work thread: http://www.lawnsite.com/showthread.php?t=415830
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  #5  
Old 11-24-2013, 04:24 PM
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easy-lift guy easy-lift guy is online now
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Join Date: Aug 2011
Location: Venice, FL. USA
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I recommend at least 18 months of savings in reserve before you start your venture. This amount is to be used to cover all of your day to day expenses. Nothing to do with your business start up cost and stated budget. Welcome from the Sunshine State.
easy-lift guy
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