Can your business run without you?

Discussion in 'Landscape Lighting' started by Eden Lights, May 3, 2009.

  1. Eden Lights

    Eden Lights LawnSite Senior Member
    Posts: 805

    Anyone here have their lighting business turning a profit to the point that you could step back and watch someone else run the show and still send you your paycheck? That is my 10 year goal set in 2000 and it must be achieved.
     
  2. TXNSLighting

    TXNSLighting LawnSite Fanatic
    from DFW, TX
    Posts: 6,462

    Im sure several here are at that point, but why? We have a passion for this, and i myself could never see any one else runnin this company but me. I just love it to much. My kids will run this company when its time to retire.
     
  3. Eden Lights

    Eden Lights LawnSite Senior Member
    Posts: 805

    Lets redefine stepping back as working under 50 hours per week. Working is defined as doing ANYTHING to do with your business. Turning a profit is paying everyone involved in your business a competetive salary on a weekly basis, fully funding IRA and Roths, and maintaining a strong HSA or other health program through your business.
     
  4. David Gretzmier

    David Gretzmier LawnSite Gold Member
    Posts: 3,645

    not in my 10 year goal as I just turned 40. My family will be getting mre involved, not less, over the next 20 years. I will be using all of my children in both Christmas and Landscape lighting, as my 11 year old is already a 3 year veteran in the biz. I anticipate both sides of the biz to continue to grow over the next 20, with one or two of the 4 kids probably showing an interest in running/help run a 2 mill ( if trends continue ) company when I am 60. I do truly love this business, and my idea of initial retirement ( 60-70 ) is only working maybe 2-3 weeks out of 4, and traveling heavy to see the world and maybe speak at conventions and consult on projects. more retirement would be just selling and only installing on maybe 1 week total a month. If I have no one to run the biz, we would just work 3 weeks on and the rest of the month off.

    my daughter looked at a redo job with me a few days ago- direct quote- "DAD- pierce points ! don't these idiots know they corrode the wire- (has already cut wire back twice without permission-) wire is ruined. we're gonna need 17 uplights in the front and you need 3 in a triangle on that birch over there. They'll want paths on the walk but you'll see the bulbs from the drive, it is downhill, I wouldn't do it. they have heads ( irrigation) that'll hit them too. they want light on the waterfall in back?"

    all correct, I am hoping she stays on. not bad for 5 bucks an hour.
     
  5. INTEGRA Bespoke Lighting

    INTEGRA Bespoke Lighting LawnSite Platinum Member
    Posts: 4,102

    Having just hired on a full time, year round Operations Manager, and now looking to hire on another installer/service tech., I hope to be in a position within a year or so where my role is reduced to that of marketing, design, sales, and service co-ordinator. Having been in the trenches for 11 years now, I am looking forward to it!
     
  6. Pro-Scapes

    Pro-Scapes LawnSite Platinum Member
    Posts: 4,181

    I would like to have an office person if anyone. That is the only aspect of my business I really do not look forward to. As time progresses I will no doubt look more to laborers than doing alot of the manual stuff myself but at least at this point in time I love being a small operation and the being able to give my clients that personal touch.

    Knowing it will be me myself who comes to service and install things is something many of my clients look forward to. I really have no desire to send a crew out to do things. I can make quite a comfortable living and am content with how things are running now.
     
  7. The Lighting Geek

    The Lighting Geek LawnSite Senior Member
    Posts: 875

    I completely agree with you Billy. I am in the same place right now.
     
  8. Chris J

    Chris J LawnSite Silver Member
    Posts: 2,808

    I think you guys are full of spit. If it were'nt for service contracts, I'd be sunk by now. Tommy, I thought you were already OOB? But then again, I haven't been on here in a while so things may have changed.
    FYI, on my end new installs are down 50%. On a good note, I let go of all my employees which effectively gave me a significant raise! Bad news is that I now have to do it all myself, which significantly reduces the amount of time I have to screw with you goof balls! Summary of the story: You guys can KMA! Glad to be back, by the way, so get your digs in quick. Probably won't be here for long!
     
  9. klkanders

    klkanders LawnSite Senior Member
    from Midwest
    Posts: 848

    What a return! Welcome back Chris! Always good to see your posts!

    Keith
     
  10. TXNSLighting

    TXNSLighting LawnSite Fanatic
    from DFW, TX
    Posts: 6,462

    Great comeback there!
     

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