Yes I do believe some people borrow way too much money to start a business and they go broke or dont make enough to pay the business bills. Like New truck payments, trailer payments, mower payment, Insurances, Adverticing, Decals for the truck, decals for the trailer, Blowers, trimmers, and all the good to make a complete business run smooth. I've seen this before. I actually met a guy who went all out with every single bit of equipment brand spanking new. He borrowed over 125k to start a landscape and lawn care biz. He only lasted 3 months, Sold some of the stuff and returned the rest. He ruined his credit and is stuck with a Huge Bill every month.
I learned from that and decided that im going to take my time to buy my stuff. I Sold my Pride and joy 11 second Volkswagen Gti and used the money to get a 2002 dodge ram 2500 loaded with the V10 and the 3500 1ton suspention kit. Then got my 1st job a week after starting the biz and the money I made from that used it to purchased the basic stuff, push mower, rake and shovels.
Now I got a walk behind over 10k in tools and equipment and im just 5 months into my business. and about 3k in business debt.
Next year 2008 I will trade the truck in for a New 2008 f-450 superduty dump bed. And get a In-closed trailer and 1 Zero turn. I have jobs already lined up for March that will make me around 10k in that month alone. Over 75 yards of mulch and 13 new custmers singned up to start off the season for 08 putting me at 25 total lawn care customers.
But I will say next year I have big plan to grow bigger, I dont want to spoil my plans by telling people about it and then nothing happens but i'll be here updating everyone about the success im having.
I've been reading this really good book called Year To Success by Bo Bennett, and i've learned so much from how to be positive 24-7 to how to speak to customers and so much more I reccomend this book to anyone looking for advice and info to success.