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what kind of money should you make in your first year of bussiness

Discussion in 'Business Operations' started by bob21, Feb 7, 2003.

  1. bob21

    bob21 LawnSite Member
    Posts: 18

    i was just wondering what kind of money you all made in your first year of bussiness.

  2. grshppr

    grshppr LawnSite Senior Member
    Posts: 301

    Your first year in business, I'd count yourself lucky if you break evem. The first year is the hardest, buying new eqipment, setting up an office/shop/getting cards/invoices/truck/trailer/the list goes on. You should start making money in the second year.
  3. Barry D

    Barry D LawnSite Member
    from Georgia
    Posts: 44

    I agree with grshppr, it all depends on the cost of your equipment. If you have most of what you need to get started, then you will make some profit. However, if you have to buy all new/used equipment, business supplies then you MAY break even.

    There are other elements that you will have to purchase: Insurance, business license, a good CPA to handle your taxes, answering service or cellphone to receive calls from customers.

    This is a very profitable business but will take some hard work to get to the point that you have enough business to get out of the red numbers (lost of profit). Stay focused and treat every account with professionalism and great customer service.

    Good luck!!!!
  4. 65hoss

    65hoss LawnSite Fanatic
    Posts: 6,360

    It depends. You can make enough to pay your bills. But that may be about all. You could also pay the bills, reinvest some in the biz and still have enough to live out the winter. Just depends on how much you need to make to get by on. Email me, I have something I put together about accounting I can send you. It may really help.
  5. walker-talker

    walker-talker LawnSite Platinum Member
    from Midwest
    Posts: 4,771


  6. tiedeman

    tiedeman LawnSite Fanatic
    from earth
    Posts: 8,745

    yup, I think my first year I was around $2,500 in the hole
  7. devildog

    devildog LawnSite Senior Member
    from sc
    Posts: 270

    All good coments. Can you make enough to get to the second year, when if your really on top of things, you might make a profit. with regards... devildog

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