my buisiness.

Discussion in 'Business Operations' started by slingingrass, Nov 14, 2011.

  1. slingingrass

    slingingrass LawnSite Member
    Posts: 11

    I started my lawn service 3 and a half years ago. Steadily its been climbing every year. Last year I created a goal for myself to be able to quit my job and be entirely self employed. My goal is sixty thousand per year. Last year I made a little over fourteen thousand before I take out supplies and stuff. I'm about to put in two commercial bids for some condos. Just those two bids alone bring me to sixty-five thousand. Is this a good move? I hadn't planned for it to be so quick but its here. Should I quit my job or should I hold onto it for a while? I ask these questions because it scares the hell out of me, not to mention how my wife feels. I've always wanted to be self suffecient and not have to rely on anybody or have a superviser breathing down my throat every five minutes. Anyone who reads this please give me some feedback because I know that most of you were one time in my shoes. Tell me what you think. If you want email me at smokincummins525@yahoo.com or if not just post on here, ill eventually get back to it.
    Posted via Mobile Device
     
  2. JDiepstra

    JDiepstra LawnSite Bronze Member
    Posts: 1,511

    I would be worried that you would get the accounts, quit your job, and then lose the accounts the next year. Than you are back to $16,000 for the year, total.
     
  3. slingingrass

    slingingrass LawnSite Member
    Posts: 11

    But is it a good move to go ahead and do the bids but keep my full time job?
    Posted via Mobile Device
     
  4. TriCityLawnCareLLC

    TriCityLawnCareLLC LawnSite Bronze Member
    from Ohio
    Posts: 1,024

    Just from the information you've given, and per your request i give you my thoughts. I think it's a bad idea. As mentioned you're putting all of your eggs in one basket. If you even get those accounts you won't be leaving yourself enough time to build your business in other areas. You didn't mention anything about your equipment, what kind of equipment are you running? What are all the different services that these condo's are or will be requiring of you?

    Now regarding your "goal" of sixty thousand dollars. You've set it as a goal, but what else have you done? What i mean by that is, just because it's your goal, you cannot leave it to chance to make it come to pass. If $60k is your goal you need to figure out how many mowing accounts you will need to take on at your average mowing price. Then it would be wise to figure out how you're going to get those account (i.e. what types of advertising). Then set deadlines as to when you want thing to happen. For instance. You may need 40 more customers (residential) next year to meet your $60k, Say by the end of March 2012 you set a goal of 30 by. Then break that 30 down into four weeks etc etc.

    Also, i think a lot depends on your desire and ambition for this line of work. You say you've been doing it now for 3.5 years, and trying to secure two big condo's and more than triple your income is a long shot (not impossible, but rare). "he who lives by the sword dies by the sword" you grow too quick you die quick. Because you asked for it, I say take your time, save lot's and lot's of money and continue to grow your business over time with a solid residential base mixed with smaller commercial work. And as your business grows and your bank account, then you'll feel more comfortable and ready to venture out on your own.

    Following your gut man, don't do anything drastic make calculated decisions when it comes to business... I hope this helps.

    I also recommend you search for a thread on here titled "how to fail in the lawn care industry, by someone who did it" or something along those lines.

    -Matthew
     
  5. slingingrass

    slingingrass LawnSite Member
    Posts: 11

    That really explains a lot to me. I'm running a 60 inch kubota zd21 and possibly a 48 inch ferris walk behind. Iv egot a toro full commercial trimmer and a full commercial husqvargna trimmer and blower. I also do basic landscaping. Shrubs,mulch, etc. But if I can handle all accounts and work full time, would that not be a good idea?.
    Posted via Mobile Device
     
  6. JDiepstra

    JDiepstra LawnSite Bronze Member
    Posts: 1,511

    I would do it.
     
  7. DEPENDABLE LANDSCAPING

    DEPENDABLE LANDSCAPING LawnSite Bronze Member
    Posts: 1,343

    Ok. Im gonna catch it for this response. That being said you hinted at the fact that your wife may not be 100% on board. If she is not don't do it! It is incredibly difficult to make it on your own period. The last thing you want is for her to in anyway not supportive. I broke out on my own six years ago and luckily my wife couldn't have been better. Good luck in your decision.
    Posted via Mobile Device
     
  8. TriCityLawnCareLLC

    TriCityLawnCareLLC LawnSite Bronze Member
    from Ohio
    Posts: 1,024

    Sligingrass, It sounds to me that you need a couple more years and experience to go full time in this business. BUT, you know what's best for you, not us. So, make your decision based on the facts. You know best, and one thing that I've learned, is my wife is usually right when it comes to her "feelings" on big decisions.
     
  9. slingingrass

    slingingrass LawnSite Member
    Posts: 11

    My wife is on board with it. But she is just as scared as I am. And from what I've gathered from other people that I know who are self employed I should be scared. But what I'm figuring on now is if possible I'm gonna put in both bids and keep my full time job. I don't think either of the two accounts are large areas. Ill know more about them by the end of the week. Ill be doing a full walkaround of the propertys by then. Then ill truly decide on what ill be doing. If I can't handle both accounts and stay at my full time job ill only bid on one. Which will put me growing a little slower. But I would rather grow slow then end up in bankrupcy because I wanted to get rich fast. I understand it dosent work that way.
    Posted via Mobile Device
     
  10. JDiepstra

    JDiepstra LawnSite Bronze Member
    Posts: 1,511

    Guys its not like he's quitting his full time job. There really is no downside other than his wife being mad.
     

Share This Page