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 > General Business Discussions

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

The danger of large accounts.


General Business Discussions

A place to talk about general business discussions.
Reply
 
Thread Tools Search this Thread
  #1  
Old 11-04-2008, 05:43 AM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 38,035
Rep Power: 10
Steve has disabled reputation
Default The danger of large accounts.

It seems like every year I hear a similar story in different variations. A new business is just getting itself stabilized with a hand full of customers when a large account seems to be calling them from up high atop a mountain of promised money. The call becomes so enticing that the entrepreneur can not stop themselves from holding back.

Does the beginning of this story sound familiar?

This time the story revolves around a lawn care and fence installation business. The business had been started the previous year with just the owner running the it with a helper from time to time. The owner also had a full time job to cover his expenses. All was going fine. The business was growing slowly until that fateful phone call came in. This large commercial property needed lawn care and a fence installed.

The job was going to be a big job but the owner was going to have to float the project for 60-90 days. That is how long it would take to get his first payment. Could the owner do it the caller asked. A big fat five figure project was just waiting for him if he said yes. So he gambled and said what the heck, I deserve this, this is my time to step up, and he said yes.

At the time he started this job, he had managed to save a few thousand dollars. He thought this would be enough to get him and a few helpers through the next 2 month or so. The next day, he quit his full time job and showed up to this commercial facility to start work.

The grass was tall and unkept so it took more time than normal to cut it down. The fencing. Where do I begin. The fencing was going to cost him big money that he didn't have. He would have to pay for this on his credit card. He would also have to buy a large commercial mower on his credit card. But there was no risk right? I mean he would most certainly make his money back on all this and them some. Right?

Within a handful of days from the time he took the call. He had quit his steady full time job. He had hired a few extra helpers. He had depleted his savings and gone into a 5 figure credit card debt.

After the first month he submitted his invoice and he was elated. Never had he submitted such a big invoice to anyone in the past. He was finally a big lawn care business. He already had plans to upgrade his truck and trailer. He made it.

The second month rolled on and he started to get nervous, especially when he saw the for sale sign go up. He called and asked about that. Surely he was still going to get paid right? Oh sure they said, you will be paid. He was getting worried because he figured he had about 3 more weeks of living on his credit card before it was maxed out.

Now do you want to guess what happened?

The check never came. The commercial property was sold. He never got 1 penny. He lost it all. He had to quit working on his business and get another full time job. And he will never ever be able to start another business again. His wife has threatened him with divorce if he ever brings it up.

Listen to me when I say this. There are a non-stop supply of such stories. Prevent this from happening to you. Start small and scale up. Grow at your own comfortable pace.

Have you ever had anything like this happen to you or to someone you know? Tell us what happened and what you would have done differently.
__________________
- 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

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


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
trying to bid a large commercial property Paradise Lawn and Pool Online Lawn Care Estimator - Help me bid this job 3 03-27-2011 11:28 AM
Large Comlex, need help with bid ABurlison Online Lawn Care Estimator - Help me bid this job 3 12-19-2007 12:40 AM
Contacting the media after a large project? Steve Lawn Care Marketing & Post your marketing material for review! 0 11-19-2007 09:20 AM
Small vs. Large Properties tiedeman Lawn Maintenance / Lawn Renovation 12 02-11-2007 05:42 PM
large check payment #'s hoghunter Gopher Software Support Archived Question & Answers - Read Only 3 05-21-2004 04:16 PM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Start My Own Business?
mowandblow1980
01-12-2016 07:43 PM
Yesterday 02:23 PM
by Andy S.
16 2,035
Landscaper taking on odd...
WarriorLandscapingCAN
08-07-2016 06:57 PM
Yesterday 10:09 AM
by joshp
5 324
fliers
joshp
08-19-2016 03:23 PM
08-22-2016 07:52 PM
by Chilehead
3 87
Snow Plow
acrajchel
08-17-2016 10:21 AM
08-22-2016 11:21 AM
by Steve
5 114
Breaking into commercial...
SGL1
08-19-2016 07:02 AM
08-21-2016 01:52 PM
by Chilehead
6 118
Quarter Acre Woodland...
ew411
08-16-2016 06:50 AM
08-18-2016 12:25 PM
by Steve
4 108
Bidding Bushhogging
acrajchel
08-15-2016 11:52 AM
08-17-2016 05:32 PM
by acrajchel
4 112
Hello From the Florida...
KevinShuman
08-15-2016 08:57 PM
08-16-2016 01:52 PM
by SC93
2 96
I'm making stupid money...
WarriorLandscapingCAN
08-07-2016 07:07 PM
08-16-2016 12:42 AM
by SC93
5 385
A quick Intro
BLE
08-14-2016 05:17 PM
08-15-2016 10:54 AM
by acrajchel
2 104
New Customer - Gettting...
acrajchel
08-05-2016 05:00 PM
08-15-2016 10:52 AM
by acrajchel
4 367
helping out a friend set...
Doug D
08-13-2016 11:33 AM
08-15-2016 09:45 AM
by Steve
1 120
Small bed job
Bradcook21
08-09-2016 09:52 PM
08-10-2016 03:51 PM
by Steve
1 231
Hello from NoVa
jtwlawn
08-03-2016 11:20 AM
08-09-2016 10:45 AM
by jtwlawn
4 364
How much to charge for...
jymie
03-31-2013 05:59 PM
08-08-2016 04:33 PM
by Steve
27 6,573
Needing a website built
burtle
06-17-2015 09:02 AM
08-07-2016 10:21 AM
by Just for Cuts
18 19,697
Review of our lawn care...
Lawnline
07-12-2016 06:40 PM
08-07-2016 08:44 AM
by Lawnline
5 1,747
New Site Hows it look
Infinitelawn
03-16-2015 10:32 AM
08-07-2016 08:37 AM
by Lawnline
8 11,197
Hey guys! Greetings from...
thegardener
08-05-2016 05:45 AM
08-05-2016 03:26 PM
by Steve
1 286
First Time Bidding-Need...
capitallawncrew
08-01-2016 08:30 AM
08-03-2016 09:52 AM
by Steve
3 404
Show us your stripes
Just for Cuts
05-21-2015 03:07 PM
08-01-2016 08:28 PM
by ExclusiveLawns
7 3,747
String trim BEFORE mow...
Mr. Mow
04-12-2015 08:13 AM
07-31-2016 10:36 AM
by joshp
13 5,891
Now Hiring Just South of...
Chilehead
07-27-2016 11:38 AM
07-27-2016 11:38 AM
by Chilehead
0 361
Hi from Long Island NY
Lori22
07-18-2016 02:01 PM
07-26-2016 11:22 PM
by Chilehead
11 665
Hi everyone!
greenwavemedia
07-25-2016 03:22 PM
07-26-2016 11:21 AM
by Lawnline
2 377
Hi! I'm Tony from Tampa
Lawnline
07-12-2016 06:47 PM
07-26-2016 11:12 AM
by Lawnline
6 985
Z246 Deck change question
JohnsLawnCare
07-25-2016 01:47 PM
07-25-2016 06:38 PM
by Steve
1 358
DIY Sprayer
acrajchel
07-25-2016 09:13 AM
07-25-2016 06:36 PM
by Steve
1 350
Hello Everyone
JohnsLawnCare
06-22-2016 11:14 AM
07-25-2016 06:20 PM
by Steve
15 927
Looking for new host
Just for Cuts
11-26-2015 06:58 AM
07-25-2016 02:49 PM
by greenwavemedia
9 1,843
» Popular Tags
apartment become an entrepreneur best mower be your own boss bidding break business business education business help business management complex contractor hacks contracts deck lift dethatcher edging entrepreneur entrepreneur education estimate estimates fuel problems fuel pump half moon blade intro introduction jjandm lawncare l.t.rich landscape landscape design landscaping landscaping design company landscaping richmond va landscping lawn lawncare lawnservice lowering grade marketing mulch planting raising grade residential lawn care richmond va richmond virginia lawn care safety scag snowblower snow plowing snow shovel sprayer start a business start a lawn care business start business start up toro timecutter townhome tree tree service video web design websites what to charge work from home z-max z-spray
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 06:17 AM.


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

All times are GMT -5. The time now is 06:17 AM.

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