what to spend $5000.000 on? Question inside also

Discussion in 'Starting a Lawn Care Business' started by jdmartell, Jan 16, 2013.

  1. jdmartell

    jdmartell LawnSite Member
    Posts: 42

    I've been doing lawns/ landscaping for the past 4 years since i was 13.

    Now that i'm 17 i'm starting to want to grow this into an actual legitimate business.

    Getting insurance, tax number, registering the business ect.

    How do I go about paying myself?

    My father and I are renovating a house to flip over the winter and my cut from it is $5000.00 so thats the "start up" money that i have.

    I already have the following stuff that is in my signature

    I am going to upgrade the blower this upcoming season to a Back Pack.

    I am also thinking of getting a Chainsaw. What size would be a good starter size?

    also a small 6x10 dump trailer, would it be worth it to blow half the money on one of them? i know i could get a used one for around 2500 and fix it up myself. would the dakota be able to tow it?

    also if i register myself as a sole proprietor do i need workman's comp is i have 1 employee?

    Anyone know of a cheap insurance agency in Canada? :canadaflag:
     
  2. LandFakers

    LandFakers LawnSite Fanatic
    from CT
    Posts: 6,229

    Well you have to know, what are you majorly going to focus on the most? Mowing and Maintanence, or landscaping (planting and such), tree-work? That can be a deciding factor on what you should spend your money on. Let us know
     
  3. jdmartell

    jdmartell LawnSite Member
    Posts: 42

    It will be mostly landscaping/hardscaping and maintenance, I have little experience with tree work. Any tree work that I would get I would sub out.

    Also how do you guys sub jobs out? get the tree guys to quote you on the job then give yourself a markup from the tree guys quote and give that price to the client? then the tree guy charges you?
     
  4. flyingdutch16

    flyingdutch16 LawnSite Senior Member
    Posts: 467

    If you subbing out tree work, why waste money on a chain saw?
    Spend some money on advertising as well and simply save money too.
    Posted via Mobile Device
     
  5. cpllawncare

    cpllawncare LawnSite Silver Member
    Posts: 2,659

    If you've only got 5k I wouldn't be trying to start out on both sides of the fence per say, I would focus on either maintenance (1st choice) or design install (Probably not) at your age you have plenty of time to grow and learn. don't try to be a overnight sensation, realize it will take years upon years to grow into something with only a 5k startup. Looks like a BP blower is about the only true upgrade you need, use the rest on operating capitol you'll need it. Take 2500 and stick it in a separate maintenance account.
     
  6. jdmartell

    jdmartell LawnSite Member
    Posts: 42

    I meant by subbing out the larger jobs, i would do the small trees or brush ect.
     
  7. cpllawncare

    cpllawncare LawnSite Silver Member
    Posts: 2,659

    We sub out our tree work, and our chainsaw gets used quite a bit.
     
  8. jdmartell

    jdmartell LawnSite Member
    Posts: 42

    I have done work with pavers, 6x6 timbers and some walls. The only thing that I would really sell would be the timber walls. I've done quite a few of them myself. alsoi have been doing the mulch beds/shrub trimming/ sods ect for the past 3 years. I feel like i'm able to quote those types of jobs to make money but I always feel like somethings left on the table. now that I am going completely legit I need a way of figuring my number more precise.
     
  9. jdmartell

    jdmartell LawnSite Member
    Posts: 42

    Any more ideas?
     
  10. cpllawncare

    cpllawncare LawnSite Silver Member
    Posts: 2,659

    subscribe to seans lawnletter he has a lot of good ideas, Personally I would hold take half that money and start a maintenance account and use the other half for operating expenses, and focus on creating some cash flow.
     

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