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 online now
Administrator
 
Join Date: May 2003
Posts: 36,317
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
Brake job!
kslawn
08-30-2014 07:49 AM
Today 03:37 PM
by Steve
8 199
Trailer tires
J.A.S.LawnService
Yesterday 10:17 AM
Today 03:27 PM
by Steve
3 102
Mowing 7 acres
avetslawncare
08-31-2014 04:24 PM
Today 03:11 PM
by Steve
5 152
Help pricing cut down 7...
Bradcook21
08-26-2014 11:17 PM
Today 03:04 PM
by Steve
7 253
New to the industry-...
Lsmain
08-31-2014 10:53 AM
Today 02:58 PM
by Steve
1 104
Sod
RosalesLawnCare
08-27-2014 03:47 PM
Today 02:48 PM
by Steve
3 201
Lawn Route Templates
Landscaper1165
08-30-2014 01:52 PM
Today 02:44 PM
by Steve
2 143
Hello! New here and...
CaliforniaFriendly
08-29-2014 11:30 AM
Today 02:39 PM
by Steve
2 160
Hello
jawnebgoode
08-28-2014 08:37 PM
Today 02:30 PM
by Steve
1 96
Hello from Ohio
kurtwin
08-28-2014 05:06 PM
Today 02:28 PM
by Steve
1 123
snowplowing
jshak40
Yesterday 07:20 AM
Today 08:15 AM
by kslawn
6 161
Walk Behinds and Texas...
SGL1
08-26-2014 03:53 PM
Yesterday 11:36 PM
by SGL1
7 277
Exmark Lazer Z S-Series...
BLC7
08-22-2014 10:18 AM
08-30-2014 09:49 AM
by BLC7
10 438
Stihl engine isn't...
Marcintosh
08-12-2014 08:30 PM
08-28-2014 09:28 PM
by Marcintosh
12 581
Softball field
kslawn
08-15-2014 09:28 AM
08-28-2014 12:01 PM
by Steve
16 657
Lawn needs top soil What...
jymie
08-26-2014 11:01 AM
08-28-2014 11:58 AM
by Steve
5 259
Say Hello !!!
Steve
03-19-2007 11:18 AM
08-27-2014 08:33 PM
by kurtwin
1,187 331,320
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
08-26-2014 04:21 PM
by ExtremeLawncareServices
110 6,718
How do I approach...
Bradcook21
08-21-2014 01:48 AM
08-26-2014 05:08 AM
by Billy Goat
12 560
Tender Process
M2Dave
08-24-2014 12:31 PM
08-25-2014 04:14 PM
by Steve
2 236
Grass hopper mower
ExtremeLawncareServices
12-05-2013 08:51 AM
08-25-2014 04:02 PM
by Steve
26 3,894
Need help pricing basic...
Bradcook21
08-22-2014 01:21 AM
08-22-2014 01:05 PM
by Steve
2 326
Yearly contract Pricing
jrob0691
08-21-2014 08:57 AM
08-22-2014 01:01 PM
by Steve
6 400
yearly contract help...
jrob0691
08-21-2014 04:09 PM
08-22-2014 12:48 PM
by Steve
1 272
Pampas bushes
Bradcook21
08-22-2014 01:30 AM
08-22-2014 07:17 AM
by grassdoctore
1 244
2014 Gie-expo
ExtremeLawncareServices
08-19-2014 11:22 PM
08-21-2014 08:50 PM
by phlawncare
2 289
Fuel Can Spouts
Shark1611
08-16-2014 09:09 AM
08-21-2014 08:23 PM
by SGL1
11 532
Have you ever had to...
SouthernRootsLawnCare
07-26-2014 02:41 PM
08-21-2014 05:03 PM
by stevef1201
6 785
Hello
M2Dave
08-21-2014 12:32 AM
08-21-2014 01:38 PM
by Steve
1 252
New Landscaping Business
rekon32
08-16-2014 02:26 PM
08-21-2014 12:33 PM
by SouthallMowing
8 584
Downed Tree Chop Bid
WesleySnips
08-16-2014 03:47 PM
08-20-2014 01:44 PM
by SGL1
10 557
60 inch honda/bunton...
pblawncare
08-17-2014 11:30 AM
08-18-2014 03:19 PM
by Steve
2 298
Replacement Parts -...
nicholas-KC
08-16-2014 08:40 AM
08-18-2014 03:16 PM
by Steve
4 411
Preparing the soil
Billy Goat
08-16-2014 06:18 PM
08-18-2014 03:01 PM
by Steve
1 321
What to pay help
phlawncare
08-04-2014 08:33 PM
08-18-2014 10:33 AM
by jrs.landscaping
29 1,155
Hello
Jeff1
08-07-2014 11:18 PM
08-15-2014 11:53 PM
by Jeff1
11 617
Lie #2 RESIDENTIAL...
ExtremeLawncareServices
01-06-2014 05:02 AM
08-15-2014 01:46 PM
by mattthelawnguy
54 6,733
Need help 30 HP koler...
Shady Grady
08-01-2014 03:31 PM
08-15-2014 08:46 AM
by kslawn
18 788
New Boomless Sprayer!
BlackRain75
01-03-2014 01:01 PM
08-14-2014 02:37 AM
by BlackRain75
12 1,987
first year update
cmdlawncare
08-12-2014 05:41 PM
08-13-2014 03:29 PM
by Steve
1 416
Hello from Jacksonville,...
JM Lawn Care
08-10-2014 07:15 AM
08-13-2014 07:04 AM
by Sprinkler Buddy
9 541
Hello everyone new to...
maddyandrays
08-11-2014 04:51 PM
08-12-2014 08:58 PM
by Shark1611
2 375
Walk behinds
hpruitcei
08-07-2014 06:28 PM
08-12-2014 02:35 PM
by mattthelawnguy
7 644
New name help
stevef1201
08-10-2014 04:27 PM
08-12-2014 12:03 PM
by Steve
6 520
my little green dilemmas
Lawn Techie
08-03-2014 11:47 AM
08-11-2014 01:20 PM
by Steve
7 618
what the best...
CleanCutsLLC
08-02-2014 01:02 AM
08-11-2014 01:16 PM
by Steve
6 667
Texas lawn care company...
Livingston Lawn Care
07-25-2014 11:29 AM
08-11-2014 01:19 AM
by ExtremeLawncareServices
13 928
Covering all the bases
janslawncare
08-08-2014 10:11 AM
08-08-2014 01:41 PM
by Steve
1 457
New from Florida
ADE
08-06-2014 08:40 PM
08-08-2014 01:32 PM
by Steve
4 525
JOB - Landscape Install...
janslawncare
08-08-2014 10:06 AM
08-08-2014 10:06 AM
by janslawncare
0 413
» Popular Tags
4wd apartment complex auger birdscaping blades charge christmas lighting collections subcontractor credit card processing customers ecosymbiosis escrow exmark ferris first truck fundraiser georgia gopherhaul grass gravely gravely 34" zero turn growing a lawn care business honda how much to charge how to bid john deere quik trac kawasaki landscape services lawn lawn care lawn care busines plan lawn care business podcast lawn care business seo lawn care business show lawn care business website lawn care business website seo lawn care seo lawn care website lawn care website seo lawn service leaf cleanup leaf removal lighting marketing mulch estimate native plants new buisness online classifieds outdoor environments patio install podcast pto redmax rotating savannah scag season seo snow plowing sprayer starting a business start up lawn care business stihl tips toro toro grand stand trailer trimmer rack turfgrass consulting walker
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 03:50 PM.


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

All times are GMT -5. The time now is 03:50 PM.

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