Announcement

Collapse
No announcement yet.

Average Startup costs?

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Average Startup costs?

    How much does it cost on average to start up a business? $70,000 !! WOW that is quite a bit as an average.

    How does that compare with your start up costs?

    7 great ways to finance a startup - Entrepreneurs spend an average of $70,000 to start a business, according to William Bygrave, the Frederic C. Hamilton professor of free enterprise at Babson College in Wellesley, Mass. And most of that money is provided by the small-business owners themselves.
    - Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
    Download your Free trial of Gopher Lawn Care Software.

  • #2
    Start uP costs

    well for me taking into consideration I was mostly a lanscaping biz:

    Truck 5000
    Trailer 1000
    Advert. 120
    equipment 700 (rakes, shovels, wheel barrows, etc.)
    Truck ins. 300/yr
    company reg. 100
    comp. ins. 700/yr
    Truck reg. 120
    Trailer reg 70


    So about 8000

    Comment


    • #3
      Hmmmmz I really havent added it all up
      02 Dodge Ram 2500 8.0L(way to much truck to start but great deal) $4000
      Custom built trailer from my dad Free + 4ft sides Free material + extras $200
      Equipment: $1600 2 of everything
      Advertising: $200 so far
      Truck ins $1200/yr
      Truck reg $120
      Company reg $300
      Lap top lol $350
      Soooo... 7970 roughy feel like im missing something
      Colton
      Mountain View Greenskeeper proudly offering yard care in the East Valley of Arizona.

      Comment


      • #4
        not mine, but a realistic bottom line LCO start up

        used pick up $1500
        used 21" mower $75
        used string trimmer $50
        used blower $50
        used edger $50
        business license $80
        1 mil. liability $478 (yearly)
        truck insure $150 (monthly)
        gallon of 2stroke oil $10
        5 gallon fuel can $10
        2 gallon fuel can $8
        7 gallons of fuel $19 (89octane)
        so roughly $2480 could put you in business legally and grow it from there.

        Comment


        • #5
          Now your making me think. Lets see

          My car i own and pay on monthly. i use the trunk for my lawn care. Sucks but its better than nothing.
          So....

          Used Car-$60.00/week
          22" mower $75 (bought off season) in season its $150
          string trimmer (FREE) giving from a friend. Sells for $70 at walmart
          New blower $100
          car ins. $18.75/week
          2 gallon fuel can $5 (mower)
          1 gallon fuel can $2.50 (Trimmer) 40:1 ratio oil/gas
          1 gallon fuel can $2.50 (blower) 50:1 ratio oil/gas

          so roughly $400-600 put me in business but i still need to go legal and most of the equipment i had already for my own yard. i just use it since i already have it. when i get more money i'll buy what i need to expand with cash only. so there is not borrowing.
          theres my 2 cents.

          paul

          Comment


          • #6
            Now your making me think. Lets see

            My car i own and pay on monthly. i use the trunk for my lawn care. Sucks but its better than nothing.
            So....

            Used Car-$60.00/week
            22" mower $75 (bought off season) in season its $150
            string trimmer (FREE) giving from a friend. Sells for $70 at walmart
            New blower $100
            car ins. $18.75/week
            2 gallon fuel can $5 (mower)
            1 gallon fuel can $2.50 (Trimmer) 40:1 ratio oil/gas
            1 gallon fuel can $2.50 (blower) 50:1 ratio oil/gas

            so roughly $400-600 put me in business but i still need to go legal and most of the equipment i had already for my own yard. i just use it since i already have it. when i get more money i'll buy what i need to expand with cash only. so there is not borrowing.
            theres my 2 cents.

            paul
            under 4 digits AWSOME!!
            my estimate would be lower if you broke the truck into payments, but I was just trying to give people a realistic cash out of pocket bare boned start-up

            Comment


            • #7
              cost

              truck 89 gmc long bed full size $750
              toro proline walk behind 52" $1300
              husky weedeater$199
              husky backpack blower$199
              new 16' trailer$1175.........soo thats $3623 plus your monthly bills

              Comment


              • #8
                how many of you guys are riding dirty? (no license & insurance) seems foolish as they are very cheap.

                Comment


                • #9
                  dirty for now. Cant afford or justify coughing up $200-$600 to go legit when it doesnt get me more business . just a piece of paper. spend the money on better equipment to get bigger jobs. go legit when you got the extra. my guess within 1-2 yrs running, i'll be legit. have to start somewhere. this is only the start of my 2nd year in operation. I opened my doors so to speak on april 1, 2009.

                  Several proposed equipment purchases i am looking into are as follows:

                  5X8 open trailer - $599.00
                  hitch and all accessories and have it installed on my car********$200-$300.
                  license for trailer and insurance********$300

                  additional mower - $150.00

                  total needed $1350.00

                  I plan to save up as much as i can and purchase them with cash. that way i dont have any more debts than i need to. If i dont have the cash for it. then i dont need it. all a trailer wil do for me is allow my loading and unloading to speed up and allow me to carry a 2nd mower.

                  my fiance will be helping april til the end of the school year ( we have a 6 yr old at home) and sept til end of october. i may hire my neighbor for june-aug unless we can get a sitter for 5 hours or make my days longer to support the workload. my hours of operation are 9am-2:30pm with 30 minutes for lunch. on average it takes me 30 minutes per lawn to do. including travel time, load/unload. if i have my fiance helping it takes about 20-25 min per customer. so we can easily knock out 10-15 lawns a day and 50-75 lawns per week. so 50 is my goal for the year. 75 is the max i will accept unless i hire more but by than. i'l have enough to go legit and have my trailer.

                  the reason for such a small trailer. its 350 pounds empty. my car's towing capacity is 1,000 lbs. so 2 mowers, trimmer, gas, blower is about 500lbs which includes weight of the trailer too. that means if i can get a commericial walk behind mower under 400lbs. i am golden. oh it needs to fit too which i layed out on autocad and tried different patterns. I have autocad a graphic design software cause thats what i did for an office job for 12 yrs. computer aided drafter. i drew the trailer footprint. all equipment footprints and played with it til everything fit. now if i wanna save a few pounds, i can put the trimmer and blower in my trunk.

                  again all this is up in the air. winter(off season) allows me to do tons and tons of research and planning.

                  well time to put the little one in bed. be back soon.

                  paul

                  Comment


                  • #10
                    How much does it cost on average to start up a business? $70,000 !! WOW that is quite a bit as an average.

                    How does that compare with your start up costs?
                    For lawn care that is in the ballpark for me, landscaping/excavation it would be about 1/2 of what I put into the company last year but if the demand is there I say grow it.
                    Andy
                    Halifax, Nova Scotia

                    Comment


                    • #11
                      Sadly

                      how many of you guys are riding dirty? (no license & insurance) seems foolish as they are very cheap.
                      Sadly I must admit Im riding dirty cant justify the expence with so few customers give me a month or 2 when season is in full swing and I will. I am ashamed of the fact but just cant do it now. Will probly lose a few customers from not having it so that alone justifies getting it as soon as possible. I digress.....
                      Colton
                      Mountain View Greenskeeper proudly offering yard care in the East Valley of Arizona.

                      Comment


                      • #12
                        Sadly I must admit Im riding dirty cant justify the expence with so few customers give me a month or 2 when season is in full swing and I will. I am ashamed of the fact but just cant do it now. Will probly lose a few customers from not having it so that alone justifies getting it as soon as possible. I digress.....
                        yearly
                        license $65
                        1 million in liability $491

                        it will get you better accounts, as the higher end customers will ask about it.

                        Comment


                        • #13
                          alot more is involved in my state. I need a state tax id, fed tax id, a enterprise or llc which ever i decide to do. DBA (doing business as) is pointless and a waste of money and has very little tax advantages. Liability insurance, Equipment insurance. Off the top of my head. I need between 300-600 to cover all that. 90% of my customers are townhomes or small small single family dwellings and all they care about is their lawns being cut. once i get into commericial accounts is when i'll need the above alot more. just my opinion on it.

                          Comment


                          • #14
                            federal employer id # is FREE

                            fictitious name registration is required in FL $50 LINK

                            check with your local SBA they can help

                            Comment


                            • #15
                              DBA (doing business as) is pointless and a waste of money and has very little tax advantages.
                              Can you tell us more why you feel this way? I think a lot of members are either doing this or looking into starting a DBA.

                              i use the trunk for my lawn care. Sucks but its better than nothing.
                              Could you take a picture of your setup? I'd love to see it and think it would inspire others who dont have a truck to start with.
                              - Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
                              Download your Free trial of Gopher Lawn Care Software.

                              Comment

                              Working...
                              X