Help me out here Brown & Co. because something seems out of whack to me. You started a business which (except for a dishonest partner) managed to get clients, do some amount of business, and last a year and now your asking for advise on how to start a business and what kind of insurance to get? Were you just a silent partner who put up the startup money and had nothing to do with the business? Did you file a police report because your business partner certainly committed theft against you. Also your post says you have a one year old business but your profile says you have been at this for 6 to 10 years.
Indy2Tall, Ive been doing grounds maintenance since I was old enough to push a mower around the neighborhood...probably 10-12 yrs old. Have done it everyday minus most weekends, my entire life. I'm now 24 yrs old. I never got insured until the partnership this last year...I completely agree that was a bad decision to not have insurance. In my defense (as weak as it is) I was a full time student, full time mower/etc., with student loans, and cheap equipment. nothing worth insuring since it was cheaper to buy a new mower/equipment for residential accounts then it was to repair it. In the state of Texas, Lawn Servicing, if your not making $5k a quarter (in paper trails) you don't have taxes to pay. You still file. But no taxes, or so I've read on the Tx State Tax Comptroller Website
I know I should include cash, checks, credit cards for tax purpuses and I am... just stating that if you got cash from a client what paperwork do you have to say that that cash was for THAT service?
To correct you! I never asked "How do you start a business." A 4 year old knows the answer to that. Get a product, and a client willing to buy that product...its not rocket science.
Hell yeah I'm asking about insurance...and I'm sure you already know that there's 100's of different types of policies that cover different things...if not perhaps I should be giving you some help advice. If I already had it Id still be asking to see if I need to be getting a lower rate or add a policy (its a business, if I find something that's going to allow less over head with no quality loss I'm all for it like any good/decent business owner SHOULD be).
No I was never a silent partner. I designed the company, logo, business cards, estimate forms, Service Aggreements, sales recipts...if a basic company has it so do we and I designed it myself before he even came on-board, ran the bookkeeping/invoicing, Scheduling, Advertising, Payroll, website, equipment maintenance/repair, Sales rep and Service Tech or whatever you call it these days...I still call it footwork/labor. He was a partner that did nothing more than your newest/inexperienced employee would do, even then they prolly did more correctly without have to ask and reask how its done.
I got lucky (I think) in the fact that hes never signed the partnership agreement... He wanted to type it up and I never saw it again... the assets were split 50/50. I kept all equipment from before he came on-board. we split any payments made on the equipment he got. He agreed to repay 50% (depreciation is also calculated) back to me.
So I'm not sure what police report your suggesting. There was no theft other than what he billed the client for and didn't do. That's the only account that he got from Brown & Co. (figured I didn't want him (client) to be upset with MY company. he (expartner) can just follow up with his own client (the one we've be talking about) and explain to him what happened. And if he dosnt want him as a service company I told him I would be waiting for his call if he needed my company. (No noncompete clauses were signed
and he really had no clue how the lawn industry works. Its no longer my responsibility or client. (At least that's what I think, correct me if I'm wrong)
Damn Im behind... we went from every client signing a 100-150/month service agreement (Contract if you will) to letting him try to learn the business and he insisted on lowballing ... never listened to me about how that DOSNT work! to mowing some lawns for 15-25.00 (based on 10k or less sqft.) LOl I refused to take those lawns so I put them on his route. Ill sit at home while he worked his ass off for minimum pay.
I think you now understand why I say In business 1 year (As a partnership), 6 yrs sole dba, and 20 yrs experience if you looked on mybrowncompany.com for my things to ask me about
. The 20 years experience states that Brown & Co. Weather DBA or not has 20 years of Grounds Maintenance Industry/Business experience. How does that math work out? Started when I was 10, and worked with 4 companies since then for the combined experience of 20 years. (Most companies are not run the same, IE procedures... equipment...staffing... basically anything and everything can be different. So 4 companies x 5 years = 20 years learned experience.
If you have any other questions or still feel like somethings out of whack PLEASE don't hesitate to ask LOL... if not I'm going to refer back to my original post and I really am looking forward to some good honest input relating to those questions."