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: 36,285
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: 9
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: 36,285
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: 9
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: 36,285
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: 6
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
How do I approach...
Bradcook21
Today 01:48 AM
Today 01:58 PM
by Steve
5 84
Softball field
kslawn
08-15-2014 09:28 AM
Today 01:43 PM
by Steve
9 238
Hello
M2Dave
Today 12:32 AM
Today 01:38 PM
by Steve
1 30
Have you ever had to...
SouthernRootsLawnCare
07-26-2014 02:41 PM
Today 12:45 PM
by SouthallMowing
5 532
Fuel Can Spouts
Shark1611
08-16-2014 09:09 AM
Today 12:35 PM
by SouthallMowing
9 222
New Landscaping Business
rekon32
08-16-2014 02:26 PM
Today 12:33 PM
by SouthallMowing
8 298
Yearly contract Pricing
jrob0691
Today 08:57 AM
Today 12:27 PM
by SouthallMowing
2 50
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
Yesterday 04:09 PM
by ExtremeLawncareServices
100 5,930
Downed Tree Chop Bid
WesleySnips
08-16-2014 03:47 PM
Yesterday 01:44 PM
by SGL1
10 300
2014 Gie-expo
ExtremeLawncareServices
08-19-2014 11:22 PM
Yesterday 12:01 PM
by Steve
1 56
60 inch honda/bunton...
pblawncare
08-17-2014 11:30 AM
08-18-2014 03:19 PM
by Steve
2 99
Replacement Parts -...
nicholas-KC
08-16-2014 08:40 AM
08-18-2014 03:16 PM
by Steve
4 150
Preparing the soil
Billy Goat
08-16-2014 06:18 PM
08-18-2014 03:01 PM
by Steve
1 97
What to pay help
phlawncare
08-04-2014 08:33 PM
08-18-2014 10:33 AM
by jrs.landscaping
29 858
Hello
Jeff1
08-07-2014 11:18 PM
08-15-2014 11:53 PM
by Jeff1
11 384
Lie #2 RESIDENTIAL...
ExtremeLawncareServices
01-06-2014 05:02 AM
08-15-2014 01:46 PM
by mattthelawnguy
54 6,298
Need help 30 HP koler...
Shady Grady
08-01-2014 03:31 PM
08-15-2014 08:46 AM
by kslawn
18 570
New Boomless Sprayer!
BlackRain75
01-03-2014 01:01 PM
08-14-2014 02:37 AM
by BlackRain75
12 1,729
Stihl engine isn't...
Marcintosh
08-12-2014 08:30 PM
08-13-2014 03:34 PM
by Steve
3 153
first year update
cmdlawncare
08-12-2014 05:41 PM
08-13-2014 03:29 PM
by Steve
1 196
Hello from Jacksonville,...
JM Lawn Care
08-10-2014 07:15 AM
08-13-2014 07:04 AM
by Sprinkler Buddy
9 294
Hello everyone new to...
maddyandrays
08-11-2014 04:51 PM
08-12-2014 08:58 PM
by Shark1611
2 154
Walk behinds
hpruitcei
08-07-2014 06:28 PM
08-12-2014 02:35 PM
by mattthelawnguy
7 399
New name help
stevef1201
08-10-2014 04:27 PM
08-12-2014 12:03 PM
by Steve
6 276
my little green dilemmas
Lawn Techie
08-03-2014 11:47 AM
08-11-2014 01:20 PM
by Steve
7 392
what the best...
CleanCutsLLC
08-02-2014 01:02 AM
08-11-2014 01:16 PM
by Steve
6 399
Texas lawn care company...
Livingston Lawn Care
07-25-2014 11:29 AM
08-11-2014 01:19 AM
by ExtremeLawncareServices
13 676
Covering all the bases
janslawncare
08-08-2014 10:11 AM
08-08-2014 01:41 PM
by Steve
1 226
New from Florida
ADE
08-06-2014 08:40 PM
08-08-2014 01:32 PM
by Steve
4 306
JOB - Landscape Install...
janslawncare
08-08-2014 10:06 AM
08-08-2014 10:06 AM
by janslawncare
0 192
Battery power tools or...
Steve
08-07-2014 12:24 PM
08-07-2014 05:18 PM
by mattthelawnguy
2 203
My client just told me...
Greg'slawnandlandscape
08-04-2014 08:39 AM
08-06-2014 11:14 PM
by grassdoctore
12 527
Illegal spraying
GoGreenerKS
07-04-2014 09:11 AM
08-06-2014 02:03 PM
by Steve
13 1,142
Mowing the hills
prmenter@gmail.com
07-08-2014 12:22 PM
08-06-2014 01:40 PM
by Steve
20 1,350
Crop Rotation Techniques...
eastsidelandcare
07-17-2014 03:47 PM
08-06-2014 10:29 AM
by eastsidelandcare
5 576
Got my first lawn job...
SGL1
06-11-2014 09:19 PM
08-05-2014 07:12 PM
by TheBeast
30 1,941
Late charge
Simon Abousaada
07-30-2014 07:23 PM
08-05-2014 06:46 PM
by TheBeast
12 778
buy out a lawn care...
rvezakis
08-05-2014 01:38 PM
08-05-2014 06:40 PM
by TheBeast
10 481
Please help
unitedlawncare48867
03-26-2014 08:29 PM
08-05-2014 05:27 PM
by TheBeast
27 1,562
Help with Estimate
donslawns
08-02-2014 09:10 AM
08-05-2014 02:24 PM
by Steve
6 438
Stuck again!!!!
Greg'slawnandlandscape
08-01-2014 11:02 PM
08-05-2014 09:05 AM
by Greg'slawnandlandscape
10 447
Mow and leaf cleanup bid
SGL1
07-29-2014 07:28 PM
08-05-2014 07:22 AM
by petscanning
25 946
Building credit
Matther777
07-27-2014 05:20 PM
08-04-2014 06:53 PM
by kslawn
17 740
Lowballers scrubs &...
Darksteel
01-13-2014 07:35 AM
08-04-2014 01:09 PM
by Steve
48 5,755
long time no see
Tuscan Gardens
08-02-2014 03:21 PM
08-04-2014 12:04 PM
by Steve
1 272
Pressure Washing Like a...
TNTurf
08-01-2014 11:47 PM
08-04-2014 11:58 AM
by Steve
2 313
trimming back shrubs
WesleySnips
07-31-2014 06:14 AM
08-04-2014 11:52 AM
by Steve
6 419
Pressure Washing...
WesleySnips
07-31-2014 06:13 PM
08-04-2014 11:50 AM
by Steve
3 346
Grass hopper mower
ExtremeLawncareServices
12-05-2013 08:51 AM
08-02-2014 07:55 AM
by ExtremeLawncareServices
24 3,487
Easy money
stevef1201
11-14-2013 10:17 AM
08-02-2014 01:03 AM
by stevef1201
3 1,499
» Popular Tags
4wd 34'' apartment complex auger blades butterfly gardens charge christmas christmas light hanging credit card customers ditches exmark ferris financing first truck georgia gopherhaul grass gravely growing a lawn care business health holiday how much to charge john deere quik trac kansas city 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 leaf marketing mechanic monthly mow mulch mulch price new and restored landscapes new buisness new business podcast property management company pto riding mower running a business savannah scag schedule seo snow plowing starting a business start up lawn care business stihl top dresser toro toro grand stand trailer tree care trimmer rack walker winter winter services
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 02:41 PM.


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

All times are GMT -5. The time now is 02:41 PM.

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