Who else co-ownes there business

Discussion in 'Business Operations' started by cutsmartlawncare1, Apr 17, 2012.

  1. cutsmartlawncare1

    cutsmartlawncare1 LawnSite Member
    Posts: 33

    My twin brother and I (17 years old) both started our lawn care business and both run it. I was wondering how many other people co-owne there business, and how it works out and if you guys still make good money. We only do a lil landscaping but when we are older i hope to expand and do some bigger projects and get into some hardscaping.:weightlifter: so one can manage the cutting and the other handle the landscaping. Im just trying to look at the big picture.
     
  2. Kelly's Landscaping

    Kelly's Landscaping LawnSite Platinum Member
    Posts: 4,316

    I do it has some great advantages if you each have different strengths. As for income that's harder since you need to take in a lot more since its split multiple ways. We bring in nearly a quarter million a year and its not nearly enough. Hence major expansion plans are in the works.

    I love how your about to get attacked from every one of the die are solo operators which is 90% of the site. The fact you wrote TWIN Brother and perhaps you two might be just a tad close won't phase them at all. You need to dump him immediately and run will be a rally cry LOL don't say I didn't warn ya.
     
  3. cutsmartlawncare1

    cutsmartlawncare1 LawnSite Member
    Posts: 33

    Do you this full time, and how do you guys break it up?
     
  4. Kelly's Landscaping

    Kelly's Landscaping LawnSite Platinum Member
    Posts: 4,316

    Oh yes this is full time they say 2000 hours a year is the norm for a full time employee working 50 weeks with I guess 2 off. Here we work 3000-3500 hours a year with 12 weeks off. It won't start off like that but it will get there as for how we split income we each take a salary and what ever is left I.E. profits is split based on ownership. In our case that's 60/40.
     
  5. Stillwater

    Stillwater LawnSite Platinum Member
    Posts: 4,835

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