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General Business Discussions A place to talk about general business discussions.

Just got slammed with new accounts!


General Business Discussions

A place to talk about general business discussions.
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  #11  
Old 08-22-2012, 12:03 PM
stevef1201 stevef1201 is offline
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My first suggestion is to go to your bank and talk to someone there about a loan,
second is NOT TO BUY anything but go with a commercial lease
third is contact SCORE for REAL advice from REAL business people. (this should be first I guess)
fourth is contact the SBA, you are going to need real financing, trucks, mowers, edgers, rimmers, blowers, trailers, operating capitol, to pay for gas oil etc, and PAYROLL. you should look into a SBA loan for about 250K. Besides if you go bankrupt its not your money.

Oh by the way INCORPERATE NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


If you take your signed contracts to the bank, to show what the income is (they will not beleive your word) you have a better chance of proving your income and there by a better chance of getting a loan.

Last edited by stevef1201; 08-22-2012 at 12:06 PM.
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  #12  
Old 08-22-2012, 12:10 PM
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I now have 85,000 miles on a 2009 truck with 35" tires getting a whopping 7.8 city that should sell for $30k easy but since I have put tons of miles on it and tearing leather up with workers in and out it's killing the value everyday. I rather sell it while I can, get two trucks
I think it makes sense to do this. With the growth you have now, it sounds like you would benefit a lot more from the two trucks versus the one.

Keep us posted on how this goes.
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  #13  
Old 08-23-2012, 03:00 PM
Rodriguez11 Rodriguez11 is offline
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In regards to getting a $250k loan I am actually financially able to pay for everything I have a lot of accounts that are good money and easy work. I am billing out $23k a month right now with these new Burger King contracts and fuel cost me $1500 a month and labor is about $4500. Mowers are paid off and I have 3 zero turns and one walk behind, I am good on that note for now. I was just thinking new trucks because I am only 23 so I have a long long road ahead in building my company. If I can make it this far in 7 years who knows how far I can actually grow!
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Old 08-24-2012, 10:22 AM
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That is fantastic! I hope you grow as big as you want to!
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Old 10-19-2012, 10:26 PM
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Originally Posted by Rodriguez11 View Post
So like the title says I just got hit hard with some new accounts, I cant complain because its 31 Burger Kings in my area. I just bought a company two weeks ago and added 58 new accounts to my list of customers! Now I am adding 31 more! Crazy, but here is my dilemma.. I need trucks and I am willing to go new for the warranty and ease of matching work trucks. I have a 2009 silverado ltz that I am considering trading in so I can get 2 reg cab work trucks to send a couple guys out in one and I can work from the other. I have put 20,000 miles on my truck since last november when I bought it, value is dropping fast so I rather get some reliable work trucks that I can get some major work done. I am looking at the reg cab silverado 1500wt 2x4's with either the 4.8 v8 or the v6.... And I have been reading up on the Ford work trucks that come with the ecoboost... Any suggestions on a good route to go?? I am leaning towards the two chevy's just because I am a GM man but if Ford tough is the way to go that's what I will do.
What are you going to get if you have lots of towing to do get a ford super duty but if you have less stuff to haul you should get the new ford f150 with ecoboost.
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