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
  #1  
Old 11-06-2009, 04:45 PM
SuperiorPower
Guest
 
Posts: n/a
Default If.......

If you had say, $100,000 cash, what would you do with it?

Invest it in a business (or upgrade the one you have)?

Or would you pay off your house?


What if you had $1,000,000??????

And this is based on your current status and tomorrow you had this amount in your bank?


I have been thinking about what I would buy for my business with $100,000. Better building, install a mower lift, bring in one or two lines of equipment.

And then QUIT MY FULL TIME JOB!!!!! lol

What would you do?
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


  #2  
Old 11-06-2009, 05:29 PM
swstout's Avatar
swstout swstout is offline
Steve
 
Join Date: Jan 2009
Location: Canastota, NY
Age: 66
Posts: 1,082
Rep Power: 8
swstout is on a distinguished road
Default 100k

Lawn care business tipsLawn Care Business Book
Quote:
Originally Posted by SuperiorPower View Post
If you had say, $100,000 cash, what would you do with it?

Invest it in a business (or upgrade the one you have)?

Or would you pay off your house?


What if you had $1,000,000??????

And this is based on your current status and tomorrow you had this amount in your bank?


I have been thinking about what I would buy for my business with $100,000. Better building, install a mower lift, bring in one or two lines of equipment.

And then QUIT MY FULL TIME JOB!!!!! lol

What would you do?
1. 6 months expenses to cover bills if by chance have no income $7,000.00
2. Closeout on my house $9,200.00
3. 24 x 30 storage building $11,000.00
4. John Deere 749 with tiller, box blade, mulcher, stump grinder, etc. $20,000.00
$100,000.00 - $47,200 = $52,800.00

$25,000.00 set aside for any special opportunities that may come along.

Leaves $27,800.00

Balance on assorted inventory and equipment.

Steve
__________________


Reply With Quote
  #3  
Old 11-06-2009, 05:41 PM
mark123's Avatar
mark123 mark123 is offline
Senior Member
 
Join Date: Apr 2009
Location: Pennsyltucky
Posts: 1,402
Rep Power: 8
mark123 is on a distinguished road
Default

Do I need to say it?


LOL
Reply With Quote
  #4  
Old 11-06-2009, 06:22 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
If you had say, $100,000 cash, what would you do with it?


What would you do?
Money should not be the issue or the amount, is what you are doing working and turning a reasonable profit. Numbers and amounts are just that, will the investment generate the cash flow to make it worth while.

If for example in excavation I see an excavator for $100,000, does it fit what I do, can it do things better than what I have, can it generate more cash per hour than the equipment I use, in my case I know the answer is no, I would take the $100,000 and invest in three excavators that fit my target market, now do I have the business to support it, in my case, not yet, I could support two additional units in this size range, do I have operators to run them I am condifent with etc.

Its a bit of an open question, can you be more specific?
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #5  
Old 11-06-2009, 10:16 PM
CHEESE2009 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 74
Posts: 4,475
Rep Power: 0
CHEESE2009 is on a distinguished road
Thumbs up

$100,000,000

1. Big arse truck, like hugeeee!

2. All my crew will dress in combat gear LMFAO, look like henchmen.

3. Have a secret underground lair which I will install a super computer who can answer all my questions and greet me every time, "Good morning Scott, what shall I work on today?" SEND ALL THE TROOPS OUT TO MOW SOME LAWNS... I'd call *her/the interactive computer* BREEZE... LMFAO

"BREEZE, FIND OUT ALL THOSE INTERESTED IN LAWN SERVICE. I WANT A 1000 mile perimeter search!"

Breeze will say, "Yes master Scott"

sooooo worth the money, so so worth it, and you know it!
Reply With Quote
  #6  
Old 11-07-2009, 09:08 AM
SuperiorPower
Guest
 
Posts: n/a
Default

Nothing specific. I was just making a general statement.

And I totally agree that its not about buying a $100,000 machine unless there is a use for it. I think I would have to agree that you have to buy what is "right" for you at this particular time. With me, I have wondered if I would be better off to pay off my debts (they total about $100,000) and then take my income and have it to go forward that way I know I don't have the mortgage to worry about. I don't have more than just the typical expenses: utilities, etc...

If it were only to be spent on a business I would start out with redoing the building I have which I think would run about $20,000 to get it to the specs I would want to be able to work at all temps (insulation, concrete floor, bathroom (not sure if it would be a public bathroom), certain pertinent tools, and then place the rest in a fund for ordering parts, products, and for reserve fund.
Reply With Quote
  #7  
Old 11-07-2009, 11:06 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,565
Rep Power: 10
Steve has disabled reputation
Default

Quote:
With me, I have wondered if I would be better off to pay off my debts (they total about $100,000) and then take my income and have it to go forward that way I know I don't have the mortgage to worry about.
This is such a great topic because it deals with money management.

Money management is something that I think drives a lot of people crazy. We are talking about big figures here but what if it were simply $1,000. If you were to give some of your friends or family $1,000 each, how many of them would be able to just bank it and hold on to it?

I think most would find that it was burning a hole in their pocket and they would need to spend it as soon as possible. Why though? Why do we get this immediate urge to go and spend as soon as we have a few dollars saved up? And to buy what with it?

I am intrigued by this topic. Every once in a while I will watch some of those money management shows and people will call in with similar questions.

I think there are a bunch of issues that have to be considered, like the interest on the debt and the interest you can make with your money.

What I like seeing is when people can take a certain amount of money and put it in the bank, in a cd or some sort of relatively secure investment and get comfortable with the fact they have money. Where they can get over that initial spasm to spend it somewhere. Then once you have some saved, a unique phenomenon may over take you. You just might find you want to save more. The it becomes a game, how much can I save.

So if I had $100,000 in debt and I came into another $100,000. I think I would bank it and get used to it being there and try to save more. I would pay my debt off slowly over time. It would help keep me in check with my spending.

If I paid it all off at once, I might think, ok what can I now buy? What can I get that is bigger, better, faster. I might not even think of why I need to replace it other than just because I have no debt at the moment.

What's your take on this?
__________________
- 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
  #8  
Old 11-07-2009, 11:40 AM
SuperiorPower
Guest
 
Posts: n/a
Default

Steve that is very true. I think I would have to pay off at least half of my debt just to get the interest knocked down. If nothing else I think I would double my monthly payments to eliminate the debt quicker. That is just a thought. I think I would do well to place at least $20,000 out of a $100,000 into a secure savings account. This would last me a while at my current cost of living, though should I need it for medical expenses, we all know this would not last long....
Reply With Quote
  #9  
Old 11-07-2009, 02:36 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
Nothing specific. I was just making a general statement.

And I totally agree that its not about buying a $100,000 machine unless there is a use for it. I think I would have to agree that you have to buy what is "right" for you at this particular time. With me, I have wondered if I would be better off to pay off my debts (they total about $100,000) and then take my income and have it to go forward that way I know I don't have the mortgage to worry about. I don't have more than just the typical expenses: utilities, etc...

If it were only to be spent on a business I would start out with redoing the building I have which I think would run about $20,000 to get it to the specs I would want to be able to work at all temps (insulation, concrete floor, bathroom (not sure if it would be a public bathroom), certain pertinent tools, and then place the rest in a fund for ordering parts, products, and for reserve fund.
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.
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #10  
Old 11-07-2009, 02:59 PM
SuperiorPower
Guest
 
Posts: n/a
Default

Don't get me wrong. I currently do not have a $100,000 to spend. Not even $1,000!!!! lol But doing it in thirds does sound like a good idea.
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
24 and 50 acre cemetery...
grassmasterswilson
08-18-2015 10:09 AM
Yesterday 02:42 PM
by Steve
13 379
Rookie business question...
WarriorLandscapingCAN
08-05-2015 05:20 PM
Yesterday 02:33 PM
by Steve
3 313
How to clean an old...
rmccutchan
08-16-2015 05:23 PM
Yesterday 02:31 PM
by Steve
9 308
how to make customers...
Bradcook21
05-27-2015 05:04 PM
Yesterday 12:25 PM
by kslawn
19 3,599
Needing a website built
burtle
06-17-2015 09:02 AM
08-25-2015 11:31 AM
by acrajchel
9 2,394
Big mowing job
Bradcook21
07-30-2015 03:57 PM
08-25-2015 11:23 AM
by acrajchel
17 879
ZTR Review
Shark1611
05-31-2012 10:42 PM
08-25-2015 11:16 AM
by acrajchel
8 3,671
Hi Everyone
mmays29
08-25-2015 08:16 AM
08-25-2015 11:15 AM
by Steve
3 69
Should I buy this Exmark...
googus
07-03-2015 09:22 AM
08-25-2015 11:08 AM
by acrajchel
11 1,075
Old Business New Owner
Toyman
06-17-2014 08:57 PM
08-25-2015 11:00 AM
by acrajchel
17 1,492
Hi everyone! We're new...
alltrades
08-22-2015 12:46 PM
08-24-2015 10:41 AM
by Steve
2 118
CAn I get some help with...
rootytalbot
08-11-2015 06:14 PM
08-24-2015 10:36 AM
by Steve
12 414
Hi
Wemowjunction
08-16-2015 08:45 PM
08-20-2015 01:46 PM
by Steve
11 318
Drive cable bad?
SGL1
08-10-2015 11:16 PM
08-20-2015 01:41 PM
by Steve
5 287
Hey there everyone
Cole8999
08-16-2015 04:42 PM
08-18-2015 04:35 PM
by Steve
3 182
Help with a truck
bdodson89
04-27-2015 08:15 PM
08-18-2015 11:47 AM
by rmccutchan
7 877
I need some aeration...
rootytalbot
08-14-2015 12:32 PM
08-18-2015 07:59 AM
by rootytalbot
7 305
Say Hello !!!
Steve
03-19-2007 11:18 AM
08-17-2015 04:34 PM
by Steve
1,229 405,462
Whats wrong with this...
GreenWorx
07-28-2015 07:56 PM
08-16-2015 11:42 PM
by rmccutchan
3 522
What's your next...
Steve
05-15-2015 11:54 AM
08-16-2015 11:09 PM
by SC93
16 1,164
These are the days on...
ExtremeLawncareServices
01-11-2015 10:41 AM
08-14-2015 11:08 PM
by scaypa
95 11,290
New Biz
kufnerins
08-14-2015 05:52 PM
08-14-2015 08:56 PM
by Steve
1 164
Chemical and Fertilizer...
rmccutchan
08-09-2015 10:36 PM
08-13-2015 11:11 PM
by rmccutchan
6 335
String trim BEFORE mow...
Mr. Mow
04-12-2015 08:13 AM
08-13-2015 02:10 PM
by rootytalbot
12 1,983
Hello all thinking about...
bernie
08-11-2015 04:28 PM
08-13-2015 10:33 AM
by Steve
8 304
Logo Help Font Color
LZLC
08-08-2015 09:26 PM
08-12-2015 03:50 PM
by Steve
4 274
Pricing issue
Mr. Mow
07-07-2015 06:15 AM
08-12-2015 12:30 AM
by Jeff1
20 1,696
My new mower
Chilehead
08-08-2015 09:09 PM
08-11-2015 08:36 PM
by Chilehead
9 436
Thought this was a good...
Just for Cuts
08-06-2015 03:38 PM
08-11-2015 10:54 AM
by Steve
8 431
Plowing pricing
jcurr33
08-08-2015 04:58 PM
08-11-2015 10:51 AM
by Steve
6 396
Should I upgrade my back...
googus
08-07-2015 10:50 AM
08-11-2015 10:44 AM
by googus
7 370
Keeping it clean....
Wolf4dk
08-09-2015 11:31 PM
08-11-2015 06:34 AM
by Chilehead
7 296
I have been rude and...
biglee
06-15-2015 10:11 PM
08-10-2015 09:41 PM
by stallman419
12 2,674
Newbie Saying Hi.
LZLC
08-08-2015 09:22 PM
08-10-2015 11:20 AM
by Steve
1 213
How much do I charge to...
Chris Herrera
08-06-2015 09:30 PM
08-09-2015 11:31 AM
by biglee
2 341
scag SWZT review!
mattthelawnguy
07-23-2015 02:28 PM
08-07-2015 03:26 PM
by Steve
17 1,049
Best commercial contract...
sanlanct
08-04-2015 12:18 PM
08-06-2015 06:20 AM
by sanlanct
2 332
I came across this on a...
rootytalbot
08-02-2015 11:04 AM
08-05-2015 08:17 PM
by SC93
9 568
Help bidding a hedge...
hopolb33
08-02-2015 06:09 PM
08-05-2015 02:07 PM
by Steve
3 381
recycler toro 22"
rvezakis
08-03-2015 12:10 PM
08-04-2015 11:47 AM
by Steve
1 261
Hello Everybody
budspop
07-30-2015 11:42 AM
07-31-2015 12:28 PM
by Steve
1 255
Hello!
brandycarlton
07-29-2015 12:31 PM
07-29-2015 03:54 PM
by Steve
1 314
Assessing the Market
NJDB60
07-27-2015 03:25 PM
07-28-2015 09:24 PM
by Steve
2 497
Funny craigslist post
GreenWorx
07-28-2015 07:17 PM
07-28-2015 09:02 PM
by Steve
2 497
Watch out for this -...
rootytalbot
07-22-2015 02:13 PM
07-28-2015 09:00 PM
by Steve
7 686
NewVenture
NJDB60
07-27-2015 03:38 PM
07-28-2015 08:58 PM
by Steve
1 429
» Popular Tags
ad landscaping advertising aerocore applying bark billy goat brushcutter blowout bob villa bush collections contract help curb appeal services deliquentaccounts demonstration design door hangers edging employee problems equipment dealer equipment rental facebook flyers free advertising free lawn care google growing a lawn care business hiring how to hydro increase customers jobs landscape landscaping landscaping training lawn aeration lawn care lawn mowing marketing marketing secrets more customers business mr dave mulch new business ordinance past due per hour charge per hour service plowing pricing profit on employee roundup scag secrets to landscaping sell the vision seo shell shreaded solo backpack sprayer sq ft square foot swzt tree tree pics up sell employee walk behind web design website website design winterization wood
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