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  #11  
Old 05-31-2004, 09:31 PM
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65hoss 65hoss is offline
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Location: Memphis, TN
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Quote:
Originally posted by tiedeman
this is what you need to do:
1. go through all the expenses and cut big time.
2. cut the travel accounts
3. raise prices
4. be hard on yourself and the way you run the operation, I mean really hard

Look at me, I went from having 3 employees last year to this year going back to solo and last month I already made more than I did last year. What I did to do it was

1. cut all travel accounts outside an 8 mile radius
2. cut all employees, which in turn cut a lot of expenses
3. overly maintain equipment which causes less downtime
4. raise both lawn care prices slightly, but raise additional service prices by 60%
5. then select cut customers that were a pain or I didn't make as much money on
6. went through expenses and got for the business what I needed to "just get by"

It really has worked for me. I am about half way out of debt from the previous year and I can invest a lot more with my money than I used to be able to
I agree. Re-read this post.

There is a lot of info about your business we don't know so we can only give ideas. You and your husband need to sit down and take some long hard looks at everything. Without knowing the property situation you have, I will say that sounds like to many people for the workload. Things need to be shaved and trimmed to get a handle on it.

A lot of new companies fail because they can't handle the growth. The work may be there, but the cashflow and lack of experience will kill the business. You need to concentrate on profitability and not how many customers and how can we get more. Sometimes stopping growth, deducing customers and expenses will make you much more money. I know, I did it also. Tiedeman is correct.
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  #12  
Old 06-01-2004, 08:44 AM
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Team Gopher Team Gopher is offline
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Hi lndscprwife,

If you have time to read a business book. We highly recommend this book "The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It."

Many of our customers that have read it, found it to be very helpful.
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