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Expected Net Income

Discussion in 'Starting a Lawn Care Business' started by Delco, Nov 16, 2009.

  1. Delco

    Delco LawnSite Member
    Posts: 3

    Hi
    I have a full time job and I also landscape on the side
    For my family and I to live comfortable I need to net at least $40,000(CAN)
    I have two employees that can do Yard Care, Tree Services, Cedar Fencing Installation, and pretty much every other small general job.
    I plan to quit my job and run my landscaping job full-time
    My wife doesn't work (2 young ones) Maybe will do my phone work.
    I know that I'm one of the hardest workers out there, I'm good with numbers and with people and very organized.
    I do live in Canada
    Is $40,000 in 2010 unreasonable
    What are some expected net incomes for the 1st year
     
  2. badgerfan

    badgerfan LawnSite Member
    Posts: 67

    just finished my first year in the business today. I netted about 45,000.00 this season and hope to triple my net income next year due to learning many, many things. I will tell you that most likely you will not net 45,000 your first year. I believe that my case is not typical for most people in their first year though it is possible. I advertised like crazy and utilized all of my physical and mental abilities in both advertising and company promotion.
     
  3. dgw

    dgw LawnSite Bronze Member
    from OH
    Posts: 1,008

    this year

    gross 400,000

    line 31 $642.00
     
  4. dgw

    dgw LawnSite Bronze Member
    from OH
    Posts: 1,008

    im kidding

    set a goal

    design a business plan

    decide if its feasible
     
  5. Captain Brendan

    Captain Brendan LawnSite Member
    Posts: 29

    I am just amazed That a family of four can live on $40,000. Man I gotta get out of Jersey.
     
  6. MarkintheGarden

    MarkintheGarden LawnSite Bronze Member
    Posts: 1,067

    Too many variables to consider if 40K is reasonable or not. As stated, you need to work up a business plan then you can see what it would take to net 40K

    If you have a lot of skills, skillful employees, and useful equipment and the jobs to put it all to work, then there is a good chance at netting 40K.

    My guess is that it is one of those questions that if you have to ask, then the answer must be NO!

    Is there an option of working a part time job while you start the landscaping business?
     
  7. Barefoot James

    Barefoot James LawnSite Senior Member
    Posts: 984

    Solo you might hit it or you have to make 100K grow with 1 PT helper. You also will need to do some other higher income niche like seeding, mulching, organics, reg ferts, stone work, trees or irrigation. Mowing makes about $30 to $70 per man hour most are in the $40's (always exceptions BOTH ways) but the other mentions can make over $200 per man hour so what I'm saying is find your niche and make more per hour - grow mowing into something. The only guys making money mowing have lots of crews, equipment, bills and headaches.
     
  8. santafe

    santafe LawnSite Member
    Posts: 191

    this year

    gross 400,000

    line 31 $642.00
    ____________ wow you actually made money!?!
     

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