Make money and spend money

Discussion in 'Lawn Mowing' started by guven, Oct 26, 2006.

  1. guven

    guven LawnSite Member
    Posts: 205

    I have been in lawn care business almost two years and I make some money but I have to spend money to keep going, always I need something , new trimmer, hedge trimmer, blower , mower, ztr and now I need big truck, I was wondering how long does it go like that, sometimes I was thinking I am working for lawn care equipments manufactures not for me , I pay my bills and rest of the money goes the equipment and business expensive.
    Thank you very much
     
  2. SamTheLawnMan

    SamTheLawnMan LawnSite Member
    Posts: 220

    Welcome to the world we live in...... But seriously I think it will always be like that as long as you want to keep up with the times and have good equipment.
     
  3. KS_Grasscutter

    KS_Grasscutter LawnSite Gold Member
    Posts: 3,332

    I have half of it right... but i spend SOO much money, it cancles out all my money I make. Oh well, like all my friends tell me, I eventually will get tired of buying mowers, and at that point i will begin to make money.
     
  4. Birdhunter1

    Birdhunter1 LawnSite Senior Member
    Posts: 312

    A good buddy of mine and kind of business mentor told me "Ya gotta spend money to make money." This guy is a very successful farmer who farms about 2500 acers in the Mississippi River bottom in So. IL (some of the most fertile ground in the world). While alot of people have a midset of saving money he has a mindset of making money. Granted farming is different from being an LCO but the same principle applies, it takes money to make money.

    Your equipment is an ivestment into your business, don't invest in something that has no return. The first three years of my business I didn't profit all that much but I had a good business going and good equipment paid for. The last three years have been much better profitwise and less equipment expense. You have to have equipment and you have to buy it, but you can't conquer the world and get big all at once and if you think you can then you'll fail. Build up from what ya got to what you want.
     
  5. WJW Lawn

    WJW Lawn LawnSite Bronze Member
    Posts: 1,330

    I agree with Birdhunter....I remember when I was a kid...my dad worked hard, but we were by no means rich...maybe lower middle class at best. Im 29 now...and he has built one of the most successful construction companies in his area, and added three branches to his company. He still works hard, but he bought himself a big ole boat...goes to the keys and cancoon ALOT lol He always tells me "Ya gotta spend money to make money" ....and as he says...take your business DAMN serious. I just keep on plugging doing the best I can, but never hesitate to buy what I need. In other words...these things take years...and money lol
     
  6. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    Investing in your business is never ending to say the least
     
  7. Sandgropher

    Sandgropher LawnSite Senior Member
    Posts: 909

    Birdhunter has hit the nail right on the head IMO , the first 3 years are a big struggle then you start making money.

    Guven the most succesful person that i know on lawn site made a lot less than $10,000 in his first year,do not quote me but i think it was $2500 from memory, keep plugging away and you will make it :) :usflag:
     
  8. YardPro

    YardPro LawnSite Gold Member
    Posts: 3,563

    these are the "costs of doing business".

    these costs are why the more successful here allways drill into others "know your costs".

    you have to charge accordingly. you will never get ahead if you do not charge enough that THE BUSINESS buys this stuff and still pays you a salary. You should not have to buy these things out of your pocket.
     
  9. noseha

    noseha LawnSite Senior Member
    from MI
    Posts: 554

    o so ture ............
     
  10. Ron's Lawncare

    Ron's Lawncare LawnSite Senior Member
    Posts: 266

    my business plan is to work solo for 2 more years. to work solo you need the equipment to help you out. i've invested heavily into equipment the last two years. i've also taken on part time jobs in the winter to make ends meet.

    i'm excited for next year. i now have all the large equipment i need for this stage of my business. i can grow 15-20% next year and stay solo. i really want to build more reserve capital before hiring employees.
     

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