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I'm buying a mower, I'm going to be a millionaire

Discussion in 'Lawn Mowing' started by Jimslawncareservice, Jan 26, 2012.

  1. Jimslawncareservice

    Jimslawncareservice LawnSite Platinum Member
    from mn
    Posts: 4,128

    Ran into my dealer to grab a cutting bar for my snowblower. A guy was waiting for a salesman. He says he's going to be a millionaire by cutting grass. I paid for the part, walked past him and patted him on the back and said " good luck with the future". I went to the truck laughing and about pissing myself I was laughing so hard.

    It'd a good goal, but not realistic. I don't think he had money for a mower as he had a deere credit app filled out. Yes you make decent money at this playing it right, but I don't think it the best time start up in my area, especially with high expectations.
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  2. sjessen

    sjessen LawnSite Silver Member
    Male, from Knoxville, Tn
    Posts: 2,720

    Well at least he is optimistic. Every once in a while someone like this guy actually hits the big time. The odds are not good though.
     
  3. deereequipment

    deereequipment LawnSite Senior Member
    Posts: 370

    its' the same around here.
    they see LCO's out there, and think "I'm going to make all the money like THAT guy".
    Then they barely get a mower, and when the drought and heat kicks in, and there is no work, they lose even more!

    it's not the best time to start up around here either, but they come and they go.
    I just have to laugh.
     
  4. lawnpro724

    lawnpro724 LawnSite Silver Member
    Posts: 2,201

    Making money in this business takes lots of planning, smart marketing and lots of time. Slow steady managed growth is the only way to make it in any business especially in this saturated, cutthroat, lowballer market. There are lots of big dreamers in this business but very few true success stories. Its possible to make a decent living, I know I do but I have been doing this for over 20 years. I have yet to see a $500,000 year let alone the $1,000,000 mark. It all depends on the market you live in but even in a large market its going to take time.
     
  5. hammmerhead

    hammmerhead LawnSite Senior Member
    from ozarks
    Posts: 266

    When you break it down, grossing a million is not that much. All you need to do is cut a $1000 dollar property 1000 times:) Or you could cut 2000 lawns at $500 a pop or 4000 at $250 Easy Peasy
     
  6. MOturkey

    MOturkey LawnSite Silver Member
    Posts: 2,741

    Yow, my dealer was telling me about a similar situation last spring. A guy comes in, and buys all new equipment. Tells my dealer that he has been a truck driver for years, but is going into the lawn business, and is going to take over all the commercial accounts around here.

    Well, I'm not sure how he fared, but there is one company here that has been in business many years that pretty well has all the high-end commercial stuff sewed up, and there is a hungry newcomer with about 8 employees that is also trying for every commercial full-service account in this market, so I'm guessing he didn't do too well. There is nothing wrong with optimism, but it has to be tempered with a bit of realism.
     
  7. sjessen

    sjessen LawnSite Silver Member
    Male, from Knoxville, Tn
    Posts: 2,720

    A lot of guys talk about how much they gross. Only thing that really matters is net profit. A lot of contractors have come and gone in this area contractors who had a lot of work but failed to show a profit for their efforts.
     
  8. ralph02813

    ralph02813 LawnSite Bronze Member
    Posts: 1,041

    All he has to do is memorize the montra, I have no overhead, I have no overhead, this is all profit!
     
  9. MarkintheGarden

    MarkintheGarden LawnSite Bronze Member
    Posts: 1,067

    Well now I know why I am not a millionaire, I forgot to fill out a John Deere credit application.
     
  10. wildbillslawn

    wildbillslawn LawnSite Member
    Posts: 6

    would'nt that be nice.
     

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