Discussion in 'Starting a Lawn Care Business' started by GravelyWalker, Oct 10, 2012.

  1. Fwilamosky

    Fwilamosky LawnSite Senior Member
    Messages: 280

    i was in the same boat last year and being 18 i only have some many options, most mowers you can find great deals on right now being the season is almost over (here in ohio)...i got a brand new bobcat procat for 0 down 0% interest for 48 months
  2. cpllawncare

    cpllawncare LawnSite Silver Member
    Messages: 2,659

    I don't see a problem with this practice as long as you are honest and inform your guys of exactly what a 1099 means to them. They are responsible for their own taxes what's wrong with that? I've been on both sides of the fence.
  3. Greg78

    Greg78 LawnSite Silver Member
    Messages: 2,010

    Really.... You don't 1099 employees. If your an independent contractor then yes 1099.
  4. 32vld

    32vld LawnSite Gold Member
    Messages: 3,983

    You make getting customers is just putting out some flyers, etc, and customers will knock down doors to hire an LCO.

    Seems there are more people here struggling to grow then their are people having their doors knocked down.

    Obama gets reelected, economy gets worse then in 2007. He loses most of his up sell work. Instead of aerateing spring, weed and feed 5 time, slit seed fall, trim hedges, mulch beds, mow, edge, blow. 1/4 of his customers don't cust back, 1/2 his customers cut back to just mow blow and go, 1/4 of his customers can't afford him.

    Now that extra $250 is no longer there.

  5. 32vld

    32vld LawnSite Gold Member
    Messages: 3,983

    You are confusing need with want.

    You do not need to grow that fast. You chose to grow that fast.

    Truely wish you well.

    Another point of view most people here are on there 1 truck 1 crew. This 1 truck and 1 crew has to shoulder the burden alone to generate the income to expand to the 2nd truck/crew.

    Taking a big risk.

    Now having 10 trucks/crews going into debt to add that 11th truck/crew the risk is spread out.

    Now a small risk.

    Why spend your cash when you can get 0% loan?

    Get a loan when if you lose 5% of your business you won't be able to make payments is not smart.

    Get a loan and if you lose 20% of your business you can still pay the loan with no problem makes sense if your need to make a purchase and can't wait to pay cash.

    People forget when Donald Trump was going bankrupt it was the time he was getting a divorce from wife 1#. He had a yacht. He stopped paying the loan. I think the boat loan was for 27 million. Point was Trump told the bank that he not only was defaulting on the loan he was no longer keeping the insurance on the boat.

    You what the bank did?

    They paid the insurance premiums on the yacht till the boat got sold. Trump was so deep into the banks he bent them over.

    We are not in Trump's league. We get in trouble the banks are going to bend us and not even use any lube.

    Many have started their lawn business for many reasons. One is I got tired of getting laid off.

    Well you mess up with debt you will be laying yourself off.

  6. Spring Valley Lawn Service

    Spring Valley Lawn Service LawnSite Member
    Messages: 142

    A person buys a 2550 hundred dollar mower. Motor goes out. Or the electric. Clutch. Don't look at interest on the cheap or zero percent interest rates. Look at it as insurance. My 660 in interest can be considered an extended warranty. My mower has 1200 hrs and 2 year warranty on mower.
    Posted via Mobile Device
  7. phillie

    phillie LawnSite Senior Member
    Messages: 861

    You are right, I do not need to grow that fast. I am the type of person that when opportunity knocks I explore the option. I currently do not mow lawns. If I continue to do only fert/squirt, plowing, and landscaping I wouldn't see much profit but would be billing almost $400k worth of work. Like I said, I was cash only for equipment for a long time. I have these contracts for 3 yrs and can easily pay off the equipment within a year or 2 tops and it will open up more cash flow. I guess Im just pointing out that there are times to use credit and times not to. Thanks for the good wishes, and I wish the best for you also.
  8. PerfectEarth

    PerfectEarth LawnSite Bronze Member
    Messages: 1,734

    The "legit" comment was not a shot at you.... but then you unfortunately added the bit about 1099-ing. LOL.

    Good thread here.
  9. cpllawncare

    cpllawncare LawnSite Silver Member
    Messages: 2,659

    I know quite a few "Legit" companies that 1099 their people.
  10. bln

    bln LawnSite Senior Member
    Messages: 370

    The hardest thing in life is 12 easy payments.
    Posted via Mobile Device

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