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CHEESE2009
12-04-2009, 08:05 AM
What have you bought for your business, which has paid itself off & gave you a profit?

Example:

ITEM IS REUSABLE
Purchase: Lawn Mower
Cost: $2000.00
Profit per month: $3750.00

What else can we buy that works best with the purchase above?

ITEM IS REUSABLE
Purchase: Handheld Blower
Cost: $250.00
Profit per month: n/a

ITEM IS REUSABLE
Purchase: Trimmer
Cost: $500.00
Profit per month: n/a

ITEM NOT REUSABLE
Purchase: Gas/Oil
Cost: $200.00
Profit per month: n/a


Total Loss for the first month: $2950.00
Total Profit for the first month: $800.00

Profits Made in Later Months
Total Loss: $200.00
Total Profit: $3550.00

Please feel free to copy/paste, & add your own helpful content. I believe this has potential.

:)


Purchase:
Cost:
Profit per month:

picframer
12-04-2009, 11:53 AM
I honestly hope you do not take this the wrong way, it's just advise and take it for what it's worth.

You need a business plan and if you have to get someone to help you then do it.

I won't post my balance sheet but in short, capital investment this year is about $480,000, owing less than $60,000, retained earnings about $42,000.

Focus man on what the niche market is and go after it.

Steve
12-04-2009, 03:27 PM
Scott do you feel it's been difficult to find a niche and run with it? Is it not happening fast enough or what is your view on the experience thus far?

CHEESE2009
12-05-2009, 11:53 AM
Well lawn maintenance is taking care of itself, it's been really successful, I don't have to spend so much on marketing next spring.

Gutter cleaning has been great. It's in high demand & sometimes I can pull in a lot of cash for a little bit of my time. I would love to get into gutter guard installation, but than my customers wont need their gutters cleaned often.

Garden weeding & maintenance has been alright, the money is amazing but the demand isn't that high. I would like to improve this, but by doing that I might lose focus on lawn maintenance.

There is so much I can do with garden work, I guess I will have to take baby steps.

I would love to build gardens, small retaining walls & such.

Anther service I offer is hedge trimming. It's in demand, but people don't want to pay the right price. If they pay a price lower than what I offer, it's really not that appealing to me. So basically I stick with small hedges & bushes.


Spring cleanups are pretty straightforward, people either want them or not. Personally the demand is barely there, though I find it pointless to market this to my current customers, I always make a cleanup the first time I start lawn maintenance in May.

Fall cleanups are my favorite. The weather is perfect & keeps me full of energy, the job is simple & quick for the buck. Easily make $100.00 for an hour of my time. It's a great service to offer for me, because I won't be pulling in a lot of cash this winter.

As for winterizing lawns & plants, I don't know if it's worth it.

Snow removal is something I could get into, but I'm thinking of alternatives. Maybe start a tempo renting service or something, we set it up & take it down. We offer our customers salting & needed shoveling. It's just a thought I haven't put much thought into.

As for pressure washing, everyone owns a pressure washer here. And the job can easily be miscalculated & a waste of time. I want to be able to give an exact estimate, for cleaning sidings & driveways just sounds like there will be many upsetting days.

Fence installation sounds out of my league, but painting & staining wooden fences is an interest. I'm sure I could build a market for that.

As for window cleaning, it's trickier & more time consuming than I thought. The work is uncomfortable, as you are inside & outside of the customers house. The money sucks/time.

Tree removal is apparently in high demand here, many people planting & removing trees all the time. Though I wouldn't be able to afford it.



So basically my next step would be garden work. The tools are cheap & easily replaceable. The outcome of a job well done is extremely rewarding, every pre/post picture is fresh advertising.

I would love to design gardens & maybe small ponds.

SuperiorPower
12-05-2009, 01:36 PM
Well lawn maintenance is taking care of itself, it's been really successful, I don't have to spend so much on marketing next spring.

Gutter cleaning has been great. It's in high demand & sometimes I can pull in a lot of cash for a little bit of my time. I would love to get into gutter guard installation, but than my customers wont need their gutters cleaned often.

Garden weeding & maintenance has been alright, the money is amazing but the demand isn't that high. I would like to improve this, but by doing that I might lose focus on lawn maintenance.

There is so much I can do with garden work, I guess I will have to take baby steps.

I would love to build gardens, small retaining walls & such.

Anther service I offer is hedge trimming. It's in demand, but people don't want to pay the right price. If they pay a price lower than what I offer, it's really not that appealing to me. So basically I stick with small hedges & bushes.


Spring cleanups are pretty straightforward, people either want them or not. Personally the demand is barely there, though I find it pointless to market this to my current customers, I always make a cleanup the first time I start lawn maintenance in May.

Fall cleanups are my favorite. The weather is perfect & keeps me full of energy, the job is simple & quick for the buck. Easily make $100.00 for an hour of my time. It's a great service to offer for me, because I won't be pulling in a lot of cash this winter.

As for winterizing lawns & plants, I don't know if it's worth it.

Snow removal is something I could get into, but I'm thinking of alternatives. Maybe start a tempo renting service or something, we set it up & take it down. We offer our customers salting & needed shoveling. It's just a thought I haven't put much thought into.

As for pressure washing, everyone owns a pressure washer here. And the job can easily be miscalculated & a waste of time. I want to be able to give an exact estimate, for cleaning sidings & driveways just sounds like there will be many upsetting days.

Fence installation sounds out of my league, but painting & staining wooden fences is an interest. I'm sure I could build a market for that.

As for window cleaning, it's trickier & more time consuming than I thought. The work is uncomfortable, as you are inside & outside of the customers house. The money sucks/time.

Tree removal is apparently in high demand here, many people planting & removing trees all the time. Though I wouldn't be able to afford it.



So basically my next step would be garden work. The tools are cheap & easily replaceable. The outcome of a job well done is extremely rewarding, every pre/post picture is fresh advertising.

I would love to design gardens & maybe small ponds.

Sounds like you have some great ideas there. I know the feeling. I have a few things I would love to do, but I simply do NOT have the moolah to get it rolling. As such I have to look at what I can do and make sure I do it well. Find something with a demand or that you can create a demand for and focus your energy on that.

I am trying to be careful to not get my fingers into too many different things and in essence be a "jack of all trades, master of none". I would rather be able to do a few things well and have the time to push those things. If I offer to many different things then I find I can not completely focus on any one thing. For example, I am trying to get my shop rolling full time, have a full time unrelated job, and am looking at possibly getting into the organic spraying. I don't think that I can successfully focus on all of these. I find that already with my career and with my shop, I can not spend the time staying up to date with both. That is one reason I am thinking about splitting from my career and focusing on small engine repair and organic spraying. They are different, but more closely related than either of them is with my current career.

I think if I focus on small engine repair and servicing and the application of organic sprays I can find, and service, the niche market. I think this is what Andy was saying about finding and focusing on the niche market (Andy correct me if I am wrong).

Among other things that I had considered were pressure washing, no pressure roof cleaning (like "The Cleaning Doc" does), lawn mowing, and garden tilling.... You have to find something that you have an interest in because if you don't have an interest in the thing you decide to do, then you will not put your effort into it. At least that is my view on it.