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 > Lawn Care, Landscaping, and Property Management Forums > General Talk

General Talk If it doesn't fit anywhere else, post it here.

If.......


General Talk

If it doesn't fit anywhere else, post it here.
Reply
 
Thread Tools Search this Thread
  #11  
Old 11-07-2009, 04:55 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,361
Rep Power: 10
Steve has disabled reputation
Default

Quote:
My suggestion is you have $100,000 cash, 1/3 towards debt, 1/3 savings and 1/3 expansion, this way everything wins and you have 30 grand for a rainy day.
I think that is great advice.

I also think people in general tend to be comfortable with a certain amount of spending. Usually it's the point where they live hand to mouth. If they have $100 bucks in their pocket it will be spent and there will be nothing left over.

That's why I like the idea of just trying to keep the money in the bank for a certain period of time to teach you that you don't have to spend. You can save. It's very hard mentally to do.

A lot of times, I will see people come into money and they will blow it in amazing ways.

One friend had sold his house and was going to buy another one but first he wanted to take the money he made from selling his house and pay off his car loans and credit card debt.

He did and bought another house shortly afterwards. He had spent almost half the money he had made from the house sale and now put a lot less into the new house and now house a higher mortgage. He also quickly rang up his credit card debt.

See I think he just can't function without having a certain amount of credit card debt that he is comfortable with having. He needs to be $10,000 + in credit card debt or he doesn't feel like he is spending enough.

If he would have just taken that money from the house sale and put it into the new house, he wouldn't have been able to do anything else with it and blow it, but he just couldn't help himself.

Having a certain amount of credit card debt gives him some level of panic that he seems to need, then he needs to focus on saying ok I gotta watch this and keep paying it off. He is kind of like a debt addict. He would say he isn't but he is. He needs that constant reminder from the credit card company to say you owe $X of dollars otherwise he will be out spending more.

So my point of all this is, get used to saving first. Get comfortable with it. Realize you can save. Then once you can get comfortable with it, consider paying off your debt with the money, until then, try and save.
__________________
- 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


  #12  
Old 11-07-2009, 05:59 PM
SuperiorPower
Guest
 
Posts: n/a
Default

Lawn care business tipsLawn Care Business Book
That is a very interesting thought there Steve. I suppose you are correct about that. I think our society as a whole is addicted to debt.
Reply With Quote
  #13  
Old 11-07-2009, 07:37 PM
picframer's Avatar
picframer picframer is offline
Andy
 
Join Date: Jan 2009
Location: Halifax, Nova Scotia
Posts: 2,885
Rep Power: 10
picframer will become famous soon enough
Default

Quote:
Originally Posted by SuperiorPower View Post
That is a very interesting thought there Steve. I suppose you are correct about that. I think our society as a whole is addicted to debt.
It's because it's so easy for people to get credit, although much harder in Canada, the debit on credit cards for example is way beyond reason.

What bothers me is a lot of the capital being used is coming from Countries that are putting a lot of North American workers out of work as their jobs are being moved to countries with, well, what we might call sweat shops then the capital is being re-introduced back into the market.

Mike Moore made some pretty amazing facts on just how much of the capital on wall street is actually held by companies and other countries, his target was the NYSE but it explained a lot.

Saving requires decipline and that simply isn't there, people see something they want or think they need and they simply get it.

There is not an easy answer to this issue but I do not something has to be done and it's not being addressed, I watch the world markets, not near as close as I used to but I keep up to date, we are far from out of the woods yet.

The industry that you and I are in, Entrepueners are the foundation to any economy, always has been and always will be from where I set, problem is it's being lost as many are desperate and everything is getting squeezed.

Anyhow I won't ramble on, I do however find it troubling and have since I wrote my Economics Thesis in 1985, I hit at the auto market and if the North American makers didn't get their act together, imports would take control, laughed at by many at the time, look at Toyota for example, not totally sure about the USA but they overtool every major car manufacturer in Canada for the first time last year, Now Toyota when I was grown up was just getting into the game here so to speak but look at them now and are they looking for help??? Not a chance.
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #14  
Old 11-08-2009, 10:51 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,361
Rep Power: 10
Steve has disabled reputation
Default

Maybe after a few more years of this recession we will get more comfortable with saving again and see the importance of it. Maybe we will get away from this drive of immediate gratification where we feel we see it and we need it now.

But then maybe that's something too difficult to control and credit card companies need to limit the amount of credit they extend or risk going out of business themselves.
__________________
- 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
  #15  
Old 11-08-2009, 04:17 PM
SuperiorPower
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Steve View Post
Maybe after a few more years of this recession we will get more comfortable with saving again and see the importance of it. Maybe we will get away from this drive of immediate gratification where we feel we see it and we need it now.

But then maybe that's something too difficult to control and credit card companies need to limit the amount of credit they extend or risk going out of business themselves.
At the present rate of our society mentality I don't believe that the mentality toward saving/debt will change at all or at least not quickly. The mentality did not get here over night and it will not go away over night. The addiction to debt is similar to an addiction to anything else.... Alcohol, drugs, tobacco products, P*rn. You name it. Its an addiction. Its the same......
Reply With Quote
  #16  
Old 11-08-2009, 05:23 PM
picframer's Avatar
picframer picframer is offline
Andy
 
Join Date: Jan 2009
Location: Halifax, Nova Scotia
Posts: 2,885
Rep Power: 10
picframer will become famous soon enough
Default

Quote:
Originally Posted by SuperiorPower View Post
At the present rate of our society mentality I don't believe that the mentality toward saving/debt will change at all or at least not quickly. The mentality did not get here over night and it will not go away over night. The addiction to debt is similar to an addiction to anything else.... Alcohol, drugs, tobacco products, P*rn. You name it. Its an addiction. Its the same......
I agree and there is no easy fix, we as humans when things get better seem to forget just how bad things were, There was an interesting article this morning in our National newspaper online how we don't seem to learn that well from the past.......how would that work in our business, we would fail and not have the ability to bail ourselves out.
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #17  
Old 11-09-2009, 09:33 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,361
Rep Power: 10
Steve has disabled reputation
Default

Entrepreneurs need to have the finger on the pulse of their business at all times. They need to know how much & where the money is coming in and where it is going out & how much.

The general public doesnt concern themselves, by and large with such issues. They are handed a check and they know they need to ration it as much as possible to get them through to the next check.

Now when you throw in credit cards into the equation that have no fear of going out of business because they know they will be bailed out by the government, then the flood gates open and the credit pours in.

Credit ratings be damned.

The goal now it seems is to make everyone an indentured servant. Get them used to debt and paying things off over time. Then you got them. You can increase their interest rate. Give them less and make them pay more.

It seems every freakin store I walk into wants me to sign up for their credit card. I was in an auto parts store the other day and even they hit me up with a credit card which I declined!

I guess all we can do is just be aware of all these traps and try to steer clear of them.
__________________
- 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
  #18  
Old 11-13-2009, 09:59 PM
Fresh Cut's Avatar
Fresh Cut Fresh Cut is offline
Senior Member
 
Join Date: Feb 2009
Location: Atlanta, GA
Posts: 235
Rep Power: 7
Fresh Cut is on a distinguished road
Default

Interesting thread and great input from all posters.

Y'all hit the nail on the head with the "instant gratification" and "lack of discipline and self-control".
As previous stated, the problem didn't get here overnight and it won't be fixed overnight, but I do feel like we, as entrepreneurs, can be a part of the solution by keeping our businesses solid and being the rock that our employees and customers can count on when they can't count on anything else.

It works on both ends, I tell potential customers all that time when giving them an estimate that the cheapest estimate isn't always the best value. Some understand and appreciate me being honest, others only see the bottom line and how much they will be spending and how much money they won't have to buy that new Playstation 3 game that comes out in 2 weeks. Tsk.

I am honest with people, sometimes too honest I feel. I try to use my good communication skills to convey a sense of security in me doing a good job. This works against me at times because some people take advantage of my earnest way of doing business. Like the kind of people that are never satisfied and always want more for the money they are paying. These people don't want to hear that "want more = pay more".

Its a struggle man. I'm living hand to mouth right now. I can't get new customers for the life of me.

I know the grass isn't growing but I can't even get work for leaves. I'm focused on doing what I can to prepare for next season, but I can't do much buying of new/used equipment with no money coming in.
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

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Share your stolen...
SGL1
05-27-2015 09:05 PM
Yesterday 10:26 PM
by Chilehead
7 99
big job for me....need...
holymoly
Yesterday 06:15 AM
Yesterday 03:21 PM
by jrs.landscaping
3 71
What a JERK!
Chilehead
05-06-2015 08:13 AM
Yesterday 03:13 PM
by HappyGrass
16 803
5 things you would...
Steve
09-11-2008 08:53 AM
Yesterday 03:02 PM
by HappyGrass
5 2,151
Hello All
HappyGrass
05-27-2015 10:10 PM
Yesterday 02:59 PM
by HappyGrass
2 54
how to make customers...
Bradcook21
05-27-2015 05:04 PM
Yesterday 12:31 PM
by Steve
5 116
Equipment dealers
mattthelawnguy
05-21-2015 04:33 PM
Yesterday 12:20 PM
by Steve
6 208
Things your lawn care...
Steve
05-27-2015 11:48 AM
05-27-2015 11:48 AM
by Steve
0 58
I can't believe people...
ExtremeLawncareServices
05-25-2015 10:29 AM
05-27-2015 11:45 AM
by jrs.landscaping
9 258
Show us your stripes
Just for Cuts
05-21-2015 03:07 PM
05-27-2015 11:35 AM
by Steve
5 193
Pissed off customers
stonegatedesigns
05-26-2015 05:29 PM
05-27-2015 11:26 AM
by Steve
3 128
Great start to the season
jcurr33
05-25-2015 08:49 PM
05-26-2015 01:50 PM
by Steve
2 97
uploading video on here?
holymoly
05-24-2015 08:13 AM
05-26-2015 01:37 PM
by Steve
2 100
new here ! need help
pgrace
05-23-2015 11:29 PM
05-26-2015 01:35 PM
by Steve
1 116
What's your next...
Steve
05-15-2015 11:54 AM
05-26-2015 01:25 PM
by Steve
14 408
problems with a customer
LawnCareMan280
05-19-2015 06:28 PM
05-26-2015 01:22 PM
by Steve
5 231
More Rain or Less?
Steve
05-20-2015 12:06 PM
05-24-2015 04:37 PM
by SGL1
12 298
Irrigation
pboy8634
02-21-2010 12:46 PM
05-22-2015 10:05 PM
by biglee
25 8,482
Beginner Mistakes:...
Steve
01-31-2007 11:45 AM
05-22-2015 09:58 PM
by biglee
37 9,214
Peace garden ideas
SGL1
05-13-2015 03:15 PM
05-21-2015 07:51 PM
by avetslawncare
16 543
These are the days on...
ExtremeLawncareServices
01-11-2015 10:41 AM
05-20-2015 09:18 PM
by ExtremeLawncareServices
84 6,884
Total yard rehab
SGL1
04-23-2015 03:59 PM
05-19-2015 08:22 PM
by SGL1
15 840
Say Hello !!!
Steve
03-19-2007 11:18 AM
05-19-2015 04:12 PM
by NinaMarie86
1,223 390,265
New Lawn Service
carmelitaslawnservice
05-19-2015 10:02 AM
05-19-2015 02:51 PM
by Steve
1 142
Landscaper Jailed After...
SGL1
05-18-2015 08:15 AM
05-19-2015 02:37 PM
by Steve
5 244
Pictures of commercial...
avetslawncare
04-01-2015 09:47 PM
05-19-2015 02:29 PM
by Steve
38 2,048
feeling like im being...
Bradcook21
05-17-2015 07:33 AM
05-19-2015 02:11 PM
by Steve
6 253
good news yesterday
Bradcook21
05-17-2015 07:08 AM
05-19-2015 06:16 AM
by Bradcook21
3 182
ignition coil
jasonw
05-12-2015 05:31 PM
05-18-2015 12:07 PM
by Steve
3 298
Anyone need help? I have...
biglee
05-06-2015 12:22 PM
05-18-2015 12:06 PM
by Steve
13 730
Big (to me) mulch job
tl757
04-23-2015 05:32 PM
05-15-2015 08:46 PM
by biglee
22 1,537
big dog mowers?
Bradcook21
05-13-2015 04:03 PM
05-14-2015 10:55 AM
by Steve
4 323
Small HOA Bid
lxarth
05-06-2015 10:37 PM
05-13-2015 11:55 AM
by Steve
9 548
New company in Michigan
SEM
04-24-2015 09:27 PM
05-13-2015 11:51 AM
by Steve
11 674
Fired for refusing to...
Mr. Mow
05-09-2015 06:15 AM
05-12-2015 01:36 PM
by Steve
6 541
I have ZERO confidence...
Just for Cuts
05-01-2015 04:24 PM
05-12-2015 03:53 AM
by jrs.landscaping
31 1,148
landscape insurance
clarkslawn
03-30-2015 10:14 PM
05-11-2015 01:15 PM
by Steve
6 1,060
String trim BEFORE mow...
Mr. Mow
04-12-2015 08:13 AM
05-10-2015 07:50 PM
by ExtremeLawncareServices
9 1,098
Bought my first STIHL...
Mr. Mow
05-09-2015 06:29 AM
05-10-2015 08:36 AM
by Mr. Mow
9 447
advice wanted please and...
CHenricks
05-07-2015 08:40 PM
05-08-2015 04:20 PM
by CHenricks
7 468
Hello
SallyBorowicz
05-06-2015 11:14 AM
05-08-2015 02:21 PM
by Steve
3 374
Mower Advice
tl757
05-06-2015 02:31 PM
05-08-2015 01:45 PM
by Steve
6 506
Home today...Still...
biglee
05-06-2015 11:59 AM
05-07-2015 12:06 PM
by biglee
2 376
I'm Back With The Best...
aduttonater
02-21-2015 12:41 AM
05-07-2015 11:17 AM
by Steve
79 4,045
color fliers?
holymoly
04-18-2015 02:32 PM
05-07-2015 10:57 AM
by Steve
16 1,072
Looking good
mrsmichigan
05-06-2015 09:47 AM
05-07-2015 10:53 AM
by Steve
1 316
What are your biggest...
Steve
05-05-2015 01:24 PM
05-07-2015 10:52 AM
by Steve
2 371
is craiglist good to...
JBENI
04-16-2015 11:11 AM
05-06-2015 07:15 PM
by TheYardGuy
12 1,155
Go daddy web site and...
jcurr33
05-04-2015 06:00 PM
05-05-2015 11:57 AM
by Steve
2 398
How busy are you now?
Steve
05-04-2015 01:10 PM
05-05-2015 11:47 AM
by Steve
4 435
» Popular Tags
ad landscaping aerocore apartment bid apartment complex applying auger bark billy goat brushcutter blades blowout bush collections contract help curb appeal services deliquentaccounts ditches edging employee problems equipment dealer equipment rental estimate facebook flyers foreman google grass growing a lawn care business hills hiring husqvarna jobs john deere quik trac landscape landscape services landscaping training lawn lawn care lawn mowing marketing more customers business mr dave mulch past due per hour charge per hour service pricing profit on employee pto push versus ride running a business scag sell the vision seo shell small engine repair square foot starting a lawn care business steep lawns swzt theft toro grand stand trailer tree trimmer rack truck new used landscape up sell employee web design website won't return www.greenturion.co.za
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 12:44 AM.


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

All times are GMT -5. The time now is 12:44 AM.

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