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.

Saving money


General Business Discussions

A place to talk about general business discussions.
Reply
 
Thread Tools Search this Thread
  #1  
Old 01-18-2010, 05:46 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,377
Rep Power: 10
Steve has disabled reputation
Default Saving money

Did you ever find there was a psychological amount of money you had a hard time breaking as far as your savings goes?

Like where you felt the toughest amount to save was $1000 or $2000?

Because when you had that money in the bank you couldnt help but think of all the things you could buy with it, but once you held yourself back from taking the money out, it got easier to 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


  #2  
Old 01-18-2010, 06:49 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

Lawn care business tipsLawn Care Business Book
Personally I would say my biggest hang up and something I sometimes fight with is to just stop adding equipment or in the shop tools, I think I have myself under control.....well most days anyhow.

As for saving, I am of the school where saving is critical, I have passed this on to my own two children and it really stuck with my son and he has wnough at the moment to pay for a house if he wanted, daughter well she has quite a bit in her account but like me material things are sometimes hard to stop spending on.
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #3  
Old 05-06-2010, 09:55 AM
jasonw's Avatar
jasonw jasonw is offline
Senior Member
 
Join Date: Feb 2009
Posts: 1,008
Rep Power: 7
jasonw is on a distinguished road
Default

Steve. I lived paycheck to paycheck until I bought my house. The idea of being $1 behind on my payments and losing all I worked for scared the hell out of me. Now I have less toys but a mountain of cash to fall back on.
__________________
White Company
Reply With Quote
  #4  
Old 05-06-2010, 10:18 AM
NewLeafca's Avatar
NewLeafca NewLeafca is offline
Senior Member
 
Join Date: Apr 2010
Location: Corona, CA
Posts: 105
Rep Power: 5
NewLeafca is on a distinguished road
Default

I had that problem for a while. I wanted to save a certain amount to get something but just before I got to that amount I would see something else I liked and use the money to get it. I solved my problem by opening a savings account that required two signatures to withdraw the money. My mother was the other person on the account. I had to go to her to get money out and she always made me sit down and think it through. Since she passed on I now only have an account in my name. However, whenever I want to spend money out of it I always sit in my Mom's old rocker and think it through. Most of the time I don't spend the money.
Reply With Quote
  #5  
Old 05-06-2010, 11:07 AM
CHEESE2009's Avatar
CHEESE2009 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 73
Posts: 4,475
Rep Power: 10
CHEESE2009 is on a distinguished road
Default

Saving money? What is this? I do not understand...

HAHAHA

I have a problem, as every time I get a nice amount going on I gotta get some new tools.

It's not awful considering what the company wants, is what I want too. I don't want a bigger tv, new silverware... I want damn equipment!

If I get gas for my birthday coming up, It'll be the best gift ever. LOL.

As far as saving goes... Well... You just have to know your expenses & continue to save up for those random "accidents".

I could blow all my money on newer gear, while I let all my present gear rot. Though that's just stupid. Maintaining everything is what will help me save money.

Every time you buy a piece of equipment, make sure it gives you money back.

If you use a self propelled lawn mower & can manage with it, don't bother with a zero turn. The work still gets done, a zero turn is just a toy.

Though if it can bring you more business, by all means get one.

Personally, I'm getting one for comfort. So I can be fat all year round

Though this does not mean I wont be busting my arse trying to make it all worthwhile. I can be more efficient give or take, & manage more properties.

In my mind, I don't necessarily need a zero turn, but I want to have it before I do... Which isn't that wise, but it's what I want baby!!!!

With this zero turn, I could be working 3 1/2 days instead of 5. Which means I get more time to relax (silly) or pick up new customers (smart).

If I can fill up the rest of my days with even just 15 customers, the machine is paid off instantly & I can continue to enjoy what I do even more!

So the lesson in business is, don't spend your money on what doesn't make you money.

A lot of new companies start off with two guys (friends), that takes a toll on your funds majorly.

A helper doesn't even double your efficiency on a property. So right away your throwing money away.

Start alone, pay yourself well right away so you can spend on better equipment.

My goal is to take on as much work as I can handle. When I'm about to die on the job, is the only time I'll consider hiring.

I will have more money, which I can buy efficiency with (ZTM). Then I will gain more lawns. Now when I can't handle any more lawns with a ZTM at my side, THEN I will hire help. This is when I actually precisely know it's time to hire, & I'm not making a mistake.

I manage enough lawns other companies are doing with 2 man crews per week. Am I that far behind them during the day? They finish at 3pm, I finish at 5pm... Big deal! I'm not losing money at all!

Do what YOU can do, max yourself out. Then expect the same drive in the next person you hire.

That is how you save.

Am I going to hit a brick this season? Your damn right I am. I'm not hiring help, so that way I can afford repairs.

The only reason I don't do garden work, & hire someone to manage the jobs, is because I don't have the patience a garden requires. Though every garden pays for my worker, my workers pay NEVER comes out of my lawns.

Gutter Cleaning jobs allow me to enjoy McDonalds. Spring work allows me to maintain my equipment pre-summer & purchase materials & accessories / small tools.

Anyway, :P
Reply With Quote
  #6  
Old 05-06-2010, 01:34 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,377
Rep Power: 10
Steve has disabled reputation
Default

Quote:
I had that problem for a while. I wanted to save a certain amount to get something but just before I got to that amount I would see something else I liked and use the money to get it. I solved my problem by opening a savings account that required two signatures to withdraw the money.
What things did you find yourself spending money on that you felt you shouldn't have?
__________________
- 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
  #7  
Old 05-06-2010, 02:10 PM
swstout's Avatar
swstout swstout is offline
Steve
 
Join Date: Jan 2009
Location: Canastota, NY
Age: 65
Posts: 1,082
Rep Power: 7
swstout is on a distinguished road
Default Savings

My monthly expenses (not counting food, gas, and entertainment) is $1,196.00. I try to keep ~ $7,175.00 (six months expenses) in the bank.

I have 2 savings accounts - 1 for monthly expense security and one for mostly business expenses.

My checking account is funded weekly for expenses ($295.00) per week plus $200.00 for food, gas, and entertainment having utilities and regular expenses such at insurance, etc. automatically paid. Anything left over from both my wifes income and my income goese into the savings accounts.

Any extras that come up are paid with a debit card from the general savings account.

I also use PayPal for my webstore expenses. Customers pay with PayPal and I pay my suppliers with PayPal. I have not taken anything from that account for personal expenses as of yet.

Emergencies come up from time to time and lower it, but I replenish it as soon as posible. I have nothing financed at this time but my house which will be paid off in less than 2 years. This will reduce monthly expenses by $598.17 per month. There is no property tax in this state for homeonwers over 65 so I will only have to fund that account for about 2 years.

For retirement, we have invested an amount equal to what has been taken out of our pay for Social Security since we got married. 38 years in September!

Make a plan and stick to it.

Steve
__________________


Reply With Quote
  #8  
Old 05-07-2010, 08:27 AM
NewLeafca's Avatar
NewLeafca NewLeafca is offline
Senior Member
 
Join Date: Apr 2010
Location: Corona, CA
Posts: 105
Rep Power: 5
NewLeafca is on a distinguished road
Default

Quote:
Originally Posted by Steve View Post
What things did you find yourself spending money on that you felt you shouldn't have?
Mostly specialty tools that I don't use very often. They are nice to have when I need them but really only use them twice a year or so.
Reply With Quote
  #9  
Old 05-07-2010, 03:22 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,377
Rep Power: 10
Steve has disabled reputation
Default

Quote:
Mostly specialty tools that I don't use very often.
Which ones would you advise new lawn care business owners to not go out and buy, instead they should be renting?

Quote:
we got married. 38 years in September!
That is an amazing accomplishment! Congratulations
__________________
- 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
  #10  
Old 05-08-2010, 08:27 AM
NewLeafca's Avatar
NewLeafca NewLeafca is offline
Senior Member
 
Join Date: Apr 2010
Location: Corona, CA
Posts: 105
Rep Power: 5
NewLeafca is on a distinguished road
Default

Quote:
Originally Posted by Steve View Post
Which ones would you advise new lawn care business owners to not go out and buy, instead they should be renting?
I would say just start out with the basics and see where you business takes you. If you find yourself doing a lot of fence work, for example, then by all means get an auger. Otherwise just wait and see what kind of clients and jobs you get in your area.
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

Similar Threads
Thread Thread Starter Forum Replies Last Post
Rich Dad / Poor Dad - Saving vs. Spending Steve General Business Discussions 23 09-16-2011 11:24 AM
A money saving observation swstout Community Assistance 11 06-21-2009 12:39 PM
Saving healthcare, one uninsured person at a time. Steve General Business Discussions 1 04-26-2006 07:23 AM
saving data Gopher Software Support Archived Question & Answers - Read Only 1 02-13-2006 12:00 AM
Saving or exporting to Excel thill Gopher Software Support Archived Question & Answers - Read Only 1 01-20-2006 11:22 AM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Price to apply fertilizer
SS.Lawncare
09-15-2014 11:10 AM
Today 11:41 AM
by ExtremeLawncareServices
7 188
Non-Stop Summer?
SouthallMowing
09-14-2014 10:51 PM
Today 10:48 AM
by stevef1201
6 223
Looking for feed back on...
ExtremeLawncareServices
Today 08:38 AM
Today 08:38 AM
by ExtremeLawncareServices
0 24
new to the forum
SGlawncare
Yesterday 11:20 PM
Yesterday 11:20 PM
by SGlawncare
0 48
Tribulations of working...
stevef1201
09-13-2014 08:37 AM
Yesterday 10:43 PM
by SGL1
6 303
Lowballers scrubs &...
Darksteel
01-13-2014 07:35 AM
Yesterday 04:49 PM
by stevef1201
55 6,495
Poll - net income
Dan5082
11-15-2010 08:08 PM
Yesterday 04:44 PM
by jrs.landscaping
12 3,078
Help With Snow Blowing...
Robertf31
09-13-2014 10:55 PM
Yesterday 02:33 PM
by Robertf31
10 393
Getting lowballed!
PineHillLawn
06-27-2012 07:23 AM
Yesterday 01:25 PM
by jrs.landscaping
24 4,736
snowplowing
jshak40
09-01-2014 07:20 AM
Yesterday 01:16 PM
by Steve
21 1,170
Compare this summer to...
Steve
09-03-2014 12:52 PM
Yesterday 11:20 AM
by Hanks Lawn Care Services
15 979
thinking about throwing...
veteranslawncaresystems
09-09-2014 10:31 PM
09-15-2014 03:41 PM
by Steve
12 663
Hello
Robertf31
09-12-2014 10:34 PM
09-15-2014 03:17 PM
by Steve
2 289
Newbie......Again
Jibber
09-13-2014 12:17 PM
09-15-2014 02:54 PM
by Sprinkler Buddy
2 260
Replacing a Shindi T-27
Dan Tanner
09-13-2014 12:59 PM
09-15-2014 02:31 PM
by Steve
1 227
need help with starter...
GoGreenerKS
09-12-2014 04:23 PM
09-15-2014 02:25 PM
by Steve
3 295
Brake job!
kslawn
08-30-2014 07:49 AM
09-15-2014 02:16 PM
by Steve
12 981
Hello
jawnebgoode
08-28-2014 08:37 PM
09-15-2014 02:15 PM
by Steve
3 769
Employee uniforms
Gerardo_Landscape
01-21-2014 11:11 PM
09-15-2014 02:12 PM
by Steve
5 891
Greetings from the north
Northwoods Outdoors
09-13-2014 08:55 AM
09-15-2014 02:07 PM
by Steve
1 242
darleneh
darleneh
09-15-2014 12:33 PM
09-15-2014 02:07 PM
by Sprinkler Buddy
1 117
My 1st bid
WesleySnips
06-11-2014 03:13 PM
09-15-2014 02:05 PM
by Steve
29 1,681
New Aerator
Chaz
09-09-2014 11:43 PM
09-15-2014 01:50 PM
by Steve
9 504
Yearly contract Pricing
jrob0691
08-21-2014 08:57 AM
09-15-2014 01:23 PM
by stevef1201
8 1,154
Scag turf tiger hydrolic...
ExtremeLawncareServices
09-04-2014 10:55 PM
09-14-2014 03:06 PM
by ExtremeLawncareServices
8 677
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
09-13-2014 09:14 PM
by ExtremeLawncareServices
116 7,878
getting ready to start
calebmoss
05-23-2011 09:35 PM
09-11-2014 12:21 PM
by Steve
34 11,161
Stihl pull cord replace
SGL1
09-03-2014 09:22 PM
09-10-2014 12:25 PM
by Steve
9 698
Softball field
kslawn
08-15-2014 09:28 AM
09-10-2014 12:16 PM
by Steve
18 1,416
Lawn Route Templates
Landscaper1165
08-30-2014 01:52 PM
09-09-2014 08:05 PM
by Landscaper1165
4 902
New truck and trailer...
Johnny Rocket
05-14-2012 03:41 PM
09-09-2014 07:23 PM
by Matther777
18 6,499
What gets you bad press?
Steve
09-09-2014 11:48 AM
09-09-2014 07:21 PM
by Matther777
2 406
Signs on your snow plow?
Steve
01-15-2007 01:07 AM
09-09-2014 11:42 AM
by Steve
19 6,140
Exmark Lazer Z S-Series...
BLC7
08-22-2014 10:18 AM
09-08-2014 08:08 PM
by avetslawncare
12 1,198
New to the business
flamingyouth87
09-05-2014 11:52 AM
09-08-2014 11:55 AM
by Steve
3 602
Hello from Ohio
kurtwin
08-28-2014 05:06 PM
09-08-2014 11:51 AM
by Steve
7 884
Facebook
element009
03-23-2011 08:36 AM
09-07-2014 07:35 AM
by avetslawncare
24 7,667
Help pricing cut down 7...
Bradcook21
08-26-2014 11:17 PM
09-06-2014 02:09 PM
by Bradcook21
8 965
billing matters
sbuchanan8154
09-05-2014 09:56 AM
09-05-2014 03:00 PM
by Steve
3 580
Thoughts
googus
09-05-2014 07:28 AM
09-05-2014 02:23 PM
by Steve
2 538
Backflow Tester
flowcheckllc.2014
09-03-2014 04:37 PM
09-05-2014 02:15 PM
by Steve
3 616
Collections & collection...
jscarolina
09-03-2014 04:39 PM
09-04-2014 03:14 PM
by Steve
2 639
Sod
RosalesLawnCare
08-27-2014 03:47 PM
09-04-2014 02:42 PM
by RosalesLawnCare
4 889
Lawn needs top soil What...
jymie
08-26-2014 11:01 AM
09-03-2014 12:07 PM
by Steve
7 961
Hello! New here and...
CaliforniaFriendly
08-29-2014 11:30 AM
09-03-2014 11:15 AM
by Steve
4 864
Trailer tires
J.A.S.LawnService
09-01-2014 10:17 AM
09-02-2014 03:27 PM
by Steve
3 776
Mowing 7 acres
avetslawncare
08-31-2014 04:24 PM
09-02-2014 03:11 PM
by Steve
5 850
New to the industry-...
Lsmain
08-31-2014 10:53 AM
09-02-2014 02:58 PM
by Steve
1 775
Walk Behinds and Texas...
SGL1
08-26-2014 03:53 PM
09-01-2014 11:36 PM
by SGL1
7 963
Stihl engine isn't...
Marcintosh
08-12-2014 08:30 PM
08-28-2014 09:28 PM
by Marcintosh
12 1,268
» Popular Tags
2wd 4x4 article marketing bid birdscaping care charge collections subcontractor commercial credit card decorating ditches ecosymbiosis employee problems exmark ferris financing four wheel drive gopherhaul grass gravely hardscapes health holiday lighting honda how much to charge hydraulic installation 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 leaf lighting brass outdoor lights marketing monthly mow mulch mulch price native plants new buisness outdoor environments past due patio install podcast promotion running a business scag scag v-ride schedule seo snow starting a business steep lawns stihl sulky theft of services toro trailer mate pro truck new used landscape walk behind walker won't return
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 12:14 PM.


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

All times are GMT -5. The time now is 12:14 PM.

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