Handing over the reigns.

Discussion in 'Business Operations' started by Mowin4Dollas, Jul 23, 2014.

  1. TPendagast

    TPendagast LawnSite Fanatic
    Male
    Posts: 7,603

    "my father wants"

    Who cares what dad wants? UNLESS he invested in it and hasn't been paid back?
     
  2. Mowin4Dollas

    Mowin4Dollas LawnSite Member
    Posts: 87

    Some people still respect their family's wishes. It's What we do down here.
    Posted via Mobile Device
     
  3. LawnMowerMan2003

    LawnMowerMan2003 LawnSite Senior Member
    Posts: 768

    I tried something similar to this, because I wasn't sure if I wanted to sell my business at the time, when I took a job in another state. I left my brother in charge, but unfortunately, he didn't have the motivation to take care of the customers, so when I decided to come back, I found out he had quit mowing, to go work for minimum wage! I was only asking for a small percentage; he should have been able to make a lot more than what he ended up making in fast food, but maybe he got tired of working outside, I don't know. lol

    So my dad tried to take care of my customers, and at least he saved most of them, but he couldn't do everything because he was already working full time. He ended up giving away some of my customers to another LCO. I guess if you don't need the business anymore, you won't really worry about that, but it still might make more sense to sell it.

    I discussed buying a lawn service by paying a percentage of the cuts as I did them, instead of advance payment. Of course, this would be riskier for you than selling it upfront, but it might be easier for somebody to buy it that way.
     
  4. Mowin4Dollas

    Mowin4Dollas LawnSite Member
    Posts: 87

    Thanks LMM2003 I appreciate it.
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  5. Locqus

    Locqus LawnSite Senior Member
    from Detroit
    Posts: 708

    You can get a scholarship in bass fishing!? Amazing. More than fair to ask for 10%, but you will be treading on his reputation not yours. So the direction of the business may shift a bit. Also, having systems in place while you step out is essential. Look to some of the software guys on here, ours included, to see if it can help with some scheduling etc. It will help keep everyone in the loop while you are away fishing like a Pro.

    Do they base your scholarship on how many fish you bring in? lol
     
  6. Mowin4Dollas

    Mowin4Dollas LawnSite Member
    Posts: 87

    Haha, no sir, luckily they don't, but it is by performance. We will be fishing collegiate tours. I might make it
    On espn if I'm lucky and do well in them! Haha!
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  7. Locqus

    Locqus LawnSite Senior Member
    from Detroit
    Posts: 708

    ^ Ha! thats awesome! I hope you get there! Has to be a lawnsite badge on the side of the bass boat!
     
  8. ztman

    ztman LawnSite Bronze Member
    Posts: 1,007

    Good luck Mowin. After your first post, I happened to be channel surfing an saw one of the college fishing tournaments, as well as a college lumberjack competition.

    Looks like those kids are under a lot of pressure to catch a heavy stringer.

    Once again, good luck and may the lips of a big mouth find the hooks on your crank bait
     
  9. Mowin4Dollas

    Mowin4Dollas LawnSite Member
    Posts: 87

    Hey if lawnsite could strike up a deal with me, I'd be more than happy too. 😃😃😃
    Posted via Mobile Device
     

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