Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Business > Trials & Tribulations - The drama of running a business and of life.

Trials & Tribulations - The drama of running a business and of life. It's not as easy as it looks. Running a business is full of drama. Customers, employees, money, family, time. You name it, it's a problem. Share with us your drama and how you handled it.

Bought accounts this year.. think I'm getting screwed


Trials & Tribulations - The drama of running a business and of life.

It's not as easy as it looks. Running a business is full of drama. Customers, employees, money, family, time. You name it, it's a problem. Share with us your drama and how you handled it.
Reply
 
Thread Tools Search this Thread
  #21  
Old 10-10-2012, 04:41 PM
TiedemanLLC TiedemanLLC is offline
Senior Member
 
Join Date: Dec 2011
Posts: 226
Rep Power: 4
TiedemanLLC is on a distinguished road
Default

I feel for you too. I have been on both ends of almost being bought out, and trying to buy someone out too. In the end, with two different situations I walked away from the deal, it was the best decision that I ever made.

In regards to the buy out, I had it setup differently when I was trying to buy the other person out. Everything was in writing, non-compete, I was buying not only accounts, but supplies and equipment.

The buy out was going to happen over a three year phase. More or less, if I lost any clients then the next years payment would be adjusted accordingly. He would stay on as a part time manager to help with the transition, and at the end of the three years, if he actually got me more clients, then he would receive a percentage bonus (this was a little incentive so he wouldn't screw me over but actually work with me). In the end I canceled the deal because he wanted all of the money up front. I declined.

In another instance when I was going to get bought up, I was made promises and promises (this was when I first started in the business so I was a little wet behind the ears). I agreed to a buy out price that included the equipment, my accounts, and me being a manager of the company that just sat behind a desk all day.

However, after three days of no money, not being promised the qualified help, and having to work out in the field, I packed up and left.
__________________
Twitter
Facebook
LinkedIn
Website
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #22  
Old 10-14-2012, 10:56 AM
Grass Doctor Grass Doctor is offline
Senior Member
 
Join Date: Apr 2012
Location: san antonio tx
Posts: 407
Rep Power: 4
Grass Doctor is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
Quote:
Originally Posted by AkersLawn View Post
this is America right??
Reply With Quote
  #23  
Old 02-26-2013, 08:18 AM
LawnBoy0311 LawnBoy0311 is offline
new member
 
Join Date: Jun 2012
Location: East Coast
Posts: 1,169
Rep Power: 0
LawnBoy0311 is on a distinguished road
Default

Greenscape, what ever happened? How did your first year go? of those customers, how many in the end stayed?
Reply With Quote
  #24  
Old 02-27-2013, 03:03 PM
greenscaper123 greenscaper123 is offline
Member
 
Join Date: Oct 2012
Posts: 72
Rep Power: 3
greenscaper123 is on a distinguished road
Default

Quote:
Originally Posted by LawnBoy0311 View Post
Greenscape, what ever happened? How did your first year go? of those customers, how many in the end stayed?
Out of the 23 I bought, 14 stayed. It could have been worse I guess, just wish I hadn't spent so much money for them. A couple weeks ago I saw a guy on craigslist selling 54 accounts under CONTRACT for $7000. That's a $1000 less than what I paid for essentially 14 haha. I'm looking past it though, it's a new season and most of the customers who stayed on are agreeing to monthly maintenance packages and pre pay billing. I realized my depression over it last year really hindered my drive and focus to succeed. So I'm making a big push with my postcards this year and expect to be around 70 by April. Regardless of whatever money I wasted last year, if I can be in that position in my second year, I'll be happy. Wish me luck!
Reply With Quote
  #25  
Old 02-27-2013, 03:51 PM
LawnBoy0311 LawnBoy0311 is offline
new member
 
Join Date: Jun 2012
Location: East Coast
Posts: 1,169
Rep Power: 0
LawnBoy0311 is on a distinguished road
Default

Quote:
Originally Posted by greenscaper123 View Post
Out of the 23 I bought, 14 stayed. It could have been worse I guess, just wish I hadn't spent so much money for them. A couple weeks ago I saw a guy on craigslist selling 54 accounts under CONTRACT for $7000. That's a $1000 less than what I paid for essentially 14 haha. I'm looking past it though, it's a new season and most of the customers who stayed on are agreeing to monthly maintenance packages and pre pay billing. I realized my depression over it last year really hindered my drive and focus to succeed. So I'm making a big push with my postcards this year and expect to be around 70 by April. Regardless of whatever money I wasted last year, if I can be in that position in my second year, I'll be happy. Wish me luck!
Wow, thats still not too bad. You'll do great this year and making them full service is even better! Good luck to you!
Reply With Quote
  #26  
Old 02-27-2013, 04:02 PM
jymie's Avatar
jymie jymie is offline
Senior Member
 
Join Date: Aug 2008
Location: Hamburg New York
Posts: 912
Rep Power: 7
jymie is on a distinguished road
Default

Quote:
Originally Posted by greenscaper123 View Post
Out of the 23 I bought, 14 stayed. It could have been worse I guess, just wish I hadn't spent so much money for them. A couple weeks ago I saw a guy on craigslist selling 54 accounts under CONTRACT for $7000. That's a $1000 less than what I paid for essentially 14 haha. I'm looking past it though, it's a new season and most of the customers who stayed on are agreeing to monthly maintenance packages and pre pay billing. I realized my depression over it last year really hindered my drive and focus to succeed. So I'm making a big push with my postcards this year and expect to be around 70 by April. Regardless of whatever money I wasted last year, if I can be in that position in my second year, I'll be happy. Wish me luck!
Best of luck. Do you have a website?
Reply With Quote
  #27  
Old 02-28-2013, 01:04 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,260
Rep Power: 10
Steve has disabled reputation
Default

Quote:
Out of the 23 I bought, 14 stayed. It could have been worse I guess, just wish I hadn't spent so much money for them.
Looking back at the situation now, what range do you feel would have been a good price to pay? What multiple of their weekly mowing price would you pay for a customer in the future?

Quote:
I realized my depression over it last year really hindered my drive and focus to succeed
Every once in a while on here we talk about depression and how it effects are abilities to do what we want to do. Can you tell us a little about your thought on how depression factored into this business transaction and how it effected you afterwards?
__________________
- 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.
Reply With Quote
  #28  
Old 03-05-2013, 04:55 PM
greenscaper123 greenscaper123 is offline
Member
 
Join Date: Oct 2012
Posts: 72
Rep Power: 3
greenscaper123 is on a distinguished road
Default

Quote:
Originally Posted by Steve View Post
Looking back at the situation now, what range do you feel would have been a good price to pay? What multiple of their weekly mowing price would you pay for a customer in the future?


Every once in a while on here we talk about depression and how it effects are abilities to do what we want to do. Can you tell us a little about your thought on how depression factored into this business transaction and how it effected you afterwards?
Well based on the customers that actually stayed on, which was 14, looking back I would have never paid more than 3000.

When I started the season I had so much fire. I had all these thoughts and ideas on where to go with this business and I just couldn't wait to get started. Then when people started quitting, it was like every bit of ambition I had in me was sucked out. I was skeptical dropping that much cash as it already was. I stopped advertising and basically became content with what I had. I was only working 20 hours a week and yet when I was done with what I had to do, I wouldn't even attempt to find more work. Instead I would go home and feel sorry for myself. "If I would have done this, if I would have done that" I would spend hours online trying to figure out if there was a way I could recoup my money. I would call lawyers, I would go on forums like these and ask people what I should do. Looking back, I realized what I should have been doing was going out and finding more work, calling up all my existing customers and try to up sell, network with people, create a website, work on things to improve my overall image as a business. Instead I didn't do any of that. Instead I came on here and complained about it and spent hours trying to figure out how to correct the past.

I eventually realized that if I was ever going to continue growing I needed to put it behind me and start focusing on a fresh start. It's literally impossible to focus on the future when you're stuck in the past. The past brings about nothing but depression when you dwell on poor decisions, because it's over and done with. The future on the other hand instills opportunity, which in turn creates optimism. I think that's why my ambition has finally returned.
Reply With Quote
  #29  
Old 03-05-2013, 04:55 PM
greenscaper123 greenscaper123 is offline
Member
 
Join Date: Oct 2012
Posts: 72
Rep Power: 3
greenscaper123 is on a distinguished road
Default

Quote:
Originally Posted by jymie View Post
Best of luck. Do you have a website?
I'm working on one now actually
Reply With Quote
  #30  
Old 03-05-2013, 06:30 PM
jymie's Avatar
jymie jymie is offline
Senior Member
 
Join Date: Aug 2008
Location: Hamburg New York
Posts: 912
Rep Power: 7
jymie is on a distinguished road
Default

Check out my site click on the banner below maybe you will get some ideas. I have one page as a request a quote page, that has been golden for me. At the bottom of that page you can click on the link to the host for it, it is free to use for up to 5 forms. I use it for job applications, quote request page, referral form and satisfaction survey.

Heres the link for it: http://www.emailmeform.com/

Its very simple to use, after you create your form, you get html code and insert the code onto your site page.
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Bought a GPS! CHEESE2009 General Talk 20 12-02-2010 03:58 PM
Bought a Safe CHEESE2009 Show Off - Picture Post - Photo Gallery 7 11-29-2010 06:28 PM
I Really Screwed Up! aduttonater Trials & Tribulations - The drama of running a business and of life. 15 10-16-2010 07:26 PM
I royaly screwed up jasonw Starting a lawn care business. 24 06-23-2010 01:41 PM
Screwed up my trial RjCjR Gopher Software Support Archived Question & Answers - Read Only 1 05-15-2004 05:13 AM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
I'm Back With The Best...
aduttonater
02-21-2015 12:41 AM
Today 12:19 PM
by biglee
65 2,719
Big (to me) mulch job
tl757
04-23-2015 05:32 PM
Today 12:17 PM
by biglee
13 289
New company in Michigan
SEM
04-24-2015 09:27 PM
Today 11:56 AM
by Steve
6 147
These are the days on...
ExtremeLawncareServices
01-11-2015 10:41 AM
Today 11:47 AM
by Steve
66 5,460
Help with a truck
bdodson89
Yesterday 08:15 PM
Today 11:22 AM
by Steve
1 52
Correct me if I'm wrong...
SGL1
04-26-2015 02:41 PM
Today 06:57 AM
by SGL1
12 177
Ford F250 Wheel loaders...
jrs.landscaping
Today 05:34 AM
Today 05:34 AM
by jrs.landscaping
0 40
weed
avetslawncare
04-16-2015 07:56 PM
Yesterday 11:37 PM
by biglee
5 323
Total yard rehab
SGL1
04-23-2015 03:59 PM
Yesterday 06:57 PM
by SGL1
11 270
equipment marketplace?
jrs.landscaping
Yesterday 04:49 PM
Yesterday 06:09 PM
by jrs.landscaping
2 63
Buying contracts /...
greenscaper123
04-26-2015 04:46 PM
Yesterday 05:59 PM
by Steve
2 86
Lawn Care Service in...
Friscobob
04-24-2015 03:33 PM
Yesterday 05:44 PM
by Steve
4 172
mowfinder
scaypa
Yesterday 05:44 PM
Yesterday 05:44 PM
by scaypa
0 35
what's the big deal...
Tony317
04-25-2015 02:19 PM
Yesterday 05:43 PM
by Steve
3 127
mowing pic
joshlawncare
04-25-2015 12:34 PM
Yesterday 05:40 PM
by Steve
2 115
Newb Question - Multiple...
DependiLawn
04-24-2015 11:36 PM
Yesterday 05:36 PM
by Steve
1 106
maintandlawndispatch...
SGL1
04-21-2015 03:31 PM
04-24-2015 04:42 PM
by Steve
9 266
Thoughts on Undocumented...
element009
09-25-2011 11:08 AM
04-23-2015 09:32 PM
by Chilehead
56 15,571
Hello Everyone
DesignsByBnC
04-22-2015 04:07 PM
04-23-2015 02:19 PM
by DesignsByBnC
2 148
The upcoming rainy...
5StarLawnscaping
04-21-2015 01:22 PM
04-23-2015 12:54 PM
by Steve
7 243
color fliers?
holymoly
04-18-2015 02:32 PM
04-23-2015 12:50 PM
by Steve
12 420
WARNING! Especially to...
SC93
04-19-2015 12:05 PM
04-22-2015 01:39 PM
by Steve
14 481
Could be great news for...
SC93
04-14-2015 11:06 PM
04-22-2015 01:28 PM
by Steve
15 549
quick pic
joshlawncare
04-14-2015 07:49 PM
04-21-2015 05:01 PM
by joshlawncare
4 378
Got Inspected today
swstout
08-09-2010 10:31 PM
04-21-2015 03:53 PM
by SGL1
10 4,041
Smoked my first belt!
SGL1
04-20-2015 08:46 PM
04-21-2015 03:28 PM
by SGL1
4 210
Pictures of commercial...
avetslawncare
04-01-2015 09:47 PM
04-21-2015 12:47 PM
by Steve
25 1,064
lawn care business...
holymoly
04-18-2015 02:56 PM
04-21-2015 06:18 AM
by holymoly
3 301
landscape insurance
clarkslawn
03-30-2015 10:14 PM
04-20-2015 10:02 PM
by SGL1
4 524
Poll & Discussion...
CHEESE2009
09-16-2011 06:16 PM
04-20-2015 08:20 PM
by avetslawncare
27 5,709
Aerating / Dethaching...
Hard-Body lawn & garden
04-12-2015 07:53 PM
04-19-2015 08:49 PM
by Chilehead
17 647
Start LIKING FACEBOOK...
rlclawncare123
02-26-2015 12:06 AM
04-19-2015 09:21 AM
by KJ90
8 1,061
bidding a cemetery....
NPM_LLC
03-28-2015 10:56 AM
04-19-2015 05:26 AM
by RSE
22 1,079
Hustler Raptor
SGL1
04-13-2015 09:27 PM
04-18-2015 07:53 AM
by SGL1
15 566
is craiglist good to...
JBENI
04-16-2015 11:11 AM
04-17-2015 10:25 PM
by Wolf4dk
11 476
Am I missing something...
googus
04-11-2015 06:33 PM
04-17-2015 08:01 PM
by avetslawncare
10 599
Hello
sonny54
04-16-2015 09:49 PM
04-17-2015 03:10 PM
by Steve
1 242
Unreal
Chilehead
04-09-2015 09:12 PM
04-17-2015 08:27 AM
by Chilehead
11 626
starting a lawn care...
JBENI
04-14-2015 09:03 AM
04-17-2015 08:03 AM
by JBENI
14 609
Finally got a warehouse
avetslawncare
03-12-2015 07:52 PM
04-16-2015 07:52 PM
by avetslawncare
23 1,428
New 14 x 7 Enclosed...
whitepropertydetail
04-15-2015 06:46 PM
04-16-2015 03:40 PM
by Steve
1 300
older used dump trucks
SECTLANDSCAPING
09-22-2011 12:33 AM
04-16-2015 12:41 PM
by biglee
21 8,092
Tax Poll
Steve
04-15-2015 02:13 PM
04-15-2015 02:13 PM
by Steve
0 275
lawn care by Aj
aj10261984
04-14-2015 06:50 PM
04-15-2015 01:43 PM
by Steve
2 321
Contact last years...
googus
01-28-2015 08:13 AM
04-15-2015 12:54 PM
by SC93
7 1,321
trying to sign up for...
JBENI
04-14-2015 10:20 AM
04-14-2015 12:11 PM
by Steve
1 925
Charging customers for...
Hard-Body lawn & garden
04-14-2015 07:34 AM
04-14-2015 10:35 AM
by Steve
1 356
New member
Jdlandscaping,LLC
04-11-2015 03:24 PM
04-14-2015 05:45 AM
by Jdlandscaping,LLC
2 383
hello
oasis_greenscapes
04-01-2015 06:18 PM
04-13-2015 12:03 PM
by Steve
8 627
New Member
Greenturion
04-11-2015 02:00 PM
04-13-2015 11:59 AM
by Steve
1 347
» Popular Tags
ad landscaping aerocore apartment bid apartment lawn care estimate applying auger billy goat brushcutter blades bush contract help curb appeal services deliquentaccounts design ditches door hangers employee problems equipment rental estimate ferris foreman free advertising google growing a lawn care business how to husqvarna jobs john deere quik trac landscape services lawn lawn care lawn care busines plan lawn care business seo lawn care business website lawn care business website seo lawn care seo lawn care website lawn care website seo lawn mowing managing a lawn care business marketing marketing secrets mulch new business new mower per hour service pricing pto secrets to landscaping seo shell small engine repair snow plowing square foot starting a lawn care business steep lawns theft toro toro grand stand tractor auger trailer trailer mate pro tree trimmer rack up sell employee web design website website design winterization wood www.greenturion.co.za
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 02:18 PM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 02:18 PM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy