Business plan, calling veteran of task

Discussion in 'Business Operations' started by robert payer, Dec 12, 2002.

  1. robert payer

    robert payer LawnSite Senior Member
    Posts: 282

    What mistakes did you make on your first official Business Plan?

    Any advise of any kind is welcome on this one.

    Would 25% growth per year be over ambitious?
     
  2. Randy Scott

    Randy Scott LawnSite Bronze Member
    Posts: 1,915

    Last year to this year for me, 100% growth. I'm quite happy. I learned alot my first year and tried to really apply it this season. I don't think I'll see that growth next season but hope to fine tune the profits. Although I'm continually putting everything I can afford heavily back into the company. You're on the right track though, gotta have goals or you'll never get anywhere.
     
  3. robert payer

    robert payer LawnSite Senior Member
    Posts: 282

    Randy, thank you for your response. Did you write a plan or is it some thing to tackle this Winter?
     
  4. Randy Scott

    Randy Scott LawnSite Bronze Member
    Posts: 1,915

    Not per say a plan I would introduce to a lending institution. I ran the basic outline in an informal fashion and have tried to stick to it. It's easy to stray away at times and this winter I want to do some "retuning" so to speak. Like they say, a business plan is always changing and adapting to and for the current conditions. It was tough the first season because I started my business cold-turkey, in the blind so to speak. I had no prior experience in this field whatsoever, (bodyman and painter for 13 years) just decided one day this is what I wanted to do. I've never ONCE looked back or doubted my decision or ability to make this new adventure work. It's like a new fire burning inside me like I had when I was younger. The last two years have been better than the first 13 ever were working for someone, much less a different profession. I enjoyed some things with the car industry, did alot of race car painting that got me noticed, but it wasn't enough. Burned out eventually I guess.

    Stick to your plan and make changes if necessary. Don't get discouraged, somedays are nerveracking but hopefully it all pans out. Good luck with it.:)
     
  5. wojo23323

    wojo23323 LawnSite Senior Member
    Posts: 608

    I bought "Business Plans for Dummies". It's a good book and explains a business plan easily to the beginner. I'm in the process of writing mine now.
     
  6. Lawn Wizard

    Lawn Wizard LawnSite Member
    Posts: 99

    I would agree with everything Randy Scott said in his second post.

    I dont think 25% growth is overly ambitious at all for a new company. Ive had growth from my first year to second year of about 250% (in sales). This upcomming season Im am shooting for 100% growth.

    Just speaking from experience, I feel that once your in say the 150k - 250 k (maybe even higher) sales area thats when you would be just shooting for 25% growth each year.

    I look at my business plan periodicaly through out the year just to keep me on track, and have found that i have hit all of my expectations so far.

    Cheers to everyone thats writing a business plan, I think in the long run it will really help you out.
     

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