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 > Just starting your lawn care or landscaping business? > Starting a lawn care business.

Starting a lawn care business. How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.

Company Profit


Starting a lawn care business.

How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.
Reply
 
Thread Tools Search this Thread
  #1  
Old 03-10-2010, 09:15 AM
adamsmowing88 adamsmowing88 is offline
Member
 
Join Date: Feb 2010
Location: Northern Michigan
Age: 29
Posts: 61
Rep Power: 6
adamsmowing88 is on a distinguished road
Default Company Profit

So I roughly know what I need to make per hour to break even in my company, but how do you figure what would be a good percentage of profit. I was thinking like 10% or something like that.....any advice would be helpful.
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 03-10-2010, 09:38 AM
psparaco psparaco is offline
Senior Member
 
Join Date: Apr 2009
Location: Rosedale, Maryland
Age: 38
Posts: 199
Rep Power: 7
psparaco is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
according to the gopher forum's estimator calculators. the numbers are defaulted to 10% profit the company makes and 25% the owner makes.

you can find the calculators here. http://www.gopherforum.com/showthrea...3299#post43299

i have used them sparely since my ballpark bids on properties have been within a few dollars of what the calculators steve provided for us. i love this forum.
Reply With Quote
  #3  
Old 03-10-2010, 10:31 AM
jasonw's Avatar
jasonw jasonw is offline
Senior Member
 
Join Date: Feb 2009
Posts: 1,010
Rep Power: 8
jasonw is on a distinguished road
Default

I have always done well with the 30-70 method. I learned this many years ago while working in a retail electronics store. %70 of all profit goes back into the business and %30 goes to you. If you are not making enough to be happy using this method then you need to raise your prices, lower your costs or find more work. At this point I dont need the money so I am still investing %100 back into the business. I am happy that at least now it is self sustaining. Sure I dont really take home a paycheck but at least I am not dumping money into it anymore.
__________________
White Company
Reply With Quote
  #4  
Old 03-10-2010, 12:17 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,566
Rep Power: 10
Steve has disabled reputation
Default

Quote:
So I roughly know what I need to make per hour to break even in my company, but how do you figure what would be a good percentage of profit. I was thinking like 10% or something like that.....any advice would be helpful.
Are you referring to the business calculators? Ultimately you should try and get as much profit as you can. But I did set some defaults to give you a ballpark in the calculators.
__________________
- 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
  #5  
Old 03-10-2010, 01:20 PM
adamsmowing88 adamsmowing88 is offline
Member
 
Join Date: Feb 2010
Location: Northern Michigan
Age: 29
Posts: 61
Rep Power: 6
adamsmowing88 is on a distinguished road
Default

Heres the run down:

I want to make eventually 40,000 a year. So, 40K/1400[working hours]=28.57/hour.[That includes my truck payment if I had one]. Now my total equipment costs are 2770.12 as of right now including trailer, string trimmer, push mower, and riding mower.[ I would figure differently if I was just using my rider instead of a push mower or vice versa] 2770.12/1400=1.97.
28.57 plus 1.97 = 30.54/Hour. I know I left insurance and all that stuff out, but this is just a ball park figure for now. My question was if I can take 10% of 30.54/hour and that ends up being 3.05 plus 30.54= 33.59, would that be a sustainable and reasonable profit from that? Sorry but those calculators confuse me.

Last edited by adamsmowing88; 03-10-2010 at 01:23 PM.
Reply With Quote
  #6  
Old 03-11-2010, 12:45 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,566
Rep Power: 10
Steve has disabled reputation
Default

When you are talking about making $40,000 in a year, are you saying you want to have a take home salary of $40,000?

If that is the case, you will need to charge more per hour to hit that mark.
__________________
- 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 03-11-2010, 01:23 AM
jasonw's Avatar
jasonw jasonw is offline
Senior Member
 
Join Date: Feb 2009
Posts: 1,010
Rep Power: 8
jasonw is on a distinguished road
Default

Adam, Only 40K per year. Shoot a little higher bud, Life would implode on me if I took that big a pay cut lol.
__________________
White Company
Reply With Quote
  #8  
Old 03-11-2010, 03:02 PM
adamsmowing88 adamsmowing88 is offline
Member
 
Join Date: Feb 2010
Location: Northern Michigan
Age: 29
Posts: 61
Rep Power: 6
adamsmowing88 is on a distinguished road
Default

How would you figure that Steve? Because I did the math, did I not allow enough hours in there for like rainy days and stuff?
Reply With Quote
  #9  
Old 03-11-2010, 04:17 PM
mharbert mharbert is offline
Junior Member
 
Join Date: Mar 2010
Location: Iowa
Age: 32
Posts: 22
Rep Power: 6
mharbert is on a distinguished road
Default

Quote:
Originally Posted by adamsmowing88 View Post
How would you figure that Steve? Because I did the math, did I not allow enough hours in there for like rainy days and stuff?
Adam, You forgot several variables that I think Steve was saying you'd have to figure out.. Gross $40k and Net $40k are two totally different things (Self employment and other taxes, Gas, Insurance, repairs, savings fund for more/new equipment, healthcare, clothes, advertising, tax preporation, ect)..

I'd assume this is your first season, and I'm like you.. If I can profit 40K my first season, I know I've got a good start. I know I won't be making $40k my first year...
Reply With Quote
  #10  
Old 03-12-2010, 03:32 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,566
Rep Power: 10
Steve has disabled reputation
Default

Adam,

Did what mharbert posted above help? I know this can be complicated, at least initially but remember there is a big difference between gross and net and I want to make sure we are all on the same page here.
__________________
- 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
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
What is your profit margin? FourSeasons General Talk 32 11-26-2012 11:50 AM
$150 profit per day for 60 days lawn mowering Community Assistance 9 03-06-2010 12:15 PM
How to turn my low profit business around mowboy General Business Discussions 3 05-10-2009 07:22 PM
Non-profit lco gets free publicity? Steve Lawn Care Marketing & Post your marketing material for review! 2 01-10-2007 07:08 PM
Free Promotion vs. Profit tiedeman General Business Discussions 7 06-21-2006 05:32 AM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Dane Scag
Steve
08-28-2015 12:29 PM
08-28-2015 12:29 PM
by Steve
0 50
24 and 50 acre cemetery...
grassmasterswilson
08-18-2015 10:09 AM
08-26-2015 02:42 PM
by Steve
13 473
Rookie business question...
WarriorLandscapingCAN
08-05-2015 05:20 PM
08-26-2015 02:33 PM
by Steve
3 369
How to clean an old...
rmccutchan
08-16-2015 05:23 PM
08-26-2015 02:31 PM
by Steve
9 367
how to make customers...
Bradcook21
05-27-2015 05:04 PM
08-26-2015 12:25 PM
by kslawn
19 3,678
Needing a website built
burtle
06-17-2015 09:02 AM
08-25-2015 11:31 AM
by acrajchel
9 2,434
Big mowing job
Bradcook21
07-30-2015 03:57 PM
08-25-2015 11:23 AM
by acrajchel
17 941
ZTR Review
Shark1611
05-31-2012 10:42 PM
08-25-2015 11:16 AM
by acrajchel
8 3,714
Hi Everyone
mmays29
08-25-2015 08:16 AM
08-25-2015 11:15 AM
by Steve
3 95
Should I buy this Exmark...
googus
07-03-2015 09:22 AM
08-25-2015 11:08 AM
by acrajchel
11 1,131
Old Business New Owner
Toyman
06-17-2014 08:57 PM
08-25-2015 11:00 AM
by acrajchel
17 1,539
Hi everyone! We're new...
alltrades
08-22-2015 12:46 PM
08-24-2015 10:41 AM
by Steve
2 145
CAn I get some help with...
rootytalbot
08-11-2015 06:14 PM
08-24-2015 10:36 AM
by Steve
12 465
Hi
Wemowjunction
08-16-2015 08:45 PM
08-20-2015 01:46 PM
by Steve
11 367
Drive cable bad?
SGL1
08-10-2015 11:16 PM
08-20-2015 01:41 PM
by Steve
5 331
Hey there everyone
Cole8999
08-16-2015 04:42 PM
08-18-2015 04:35 PM
by Steve
3 226
Help with a truck
bdodson89
04-27-2015 08:15 PM
08-18-2015 11:47 AM
by rmccutchan
7 934
I need some aeration...
rootytalbot
08-14-2015 12:32 PM
08-18-2015 07:59 AM
by rootytalbot
7 350
Say Hello !!!
Steve
03-19-2007 11:18 AM
08-17-2015 04:34 PM
by Steve
1,229 405,813
Whats wrong with this...
GreenWorx
07-28-2015 07:56 PM
08-16-2015 11:42 PM
by rmccutchan
3 564
What's your next...
Steve
05-15-2015 11:54 AM
08-16-2015 11:09 PM
by SC93
16 1,205
These are the days on...
ExtremeLawncareServices
01-11-2015 10:41 AM
08-14-2015 11:08 PM
by scaypa
95 11,387
New Biz
kufnerins
08-14-2015 05:52 PM
08-14-2015 08:56 PM
by Steve
1 194
Chemical and Fertilizer...
rmccutchan
08-09-2015 10:36 PM
08-13-2015 11:11 PM
by rmccutchan
6 373
String trim BEFORE mow...
Mr. Mow
04-12-2015 08:13 AM
08-13-2015 02:10 PM
by rootytalbot
12 2,038
Hello all thinking about...
bernie
08-11-2015 04:28 PM
08-13-2015 10:33 AM
by Steve
8 341
Logo Help Font Color
LZLC
08-08-2015 09:26 PM
08-12-2015 03:50 PM
by Steve
4 317
Pricing issue
Mr. Mow
07-07-2015 06:15 AM
08-12-2015 12:30 AM
by Jeff1
20 1,765
My new mower
Chilehead
08-08-2015 09:09 PM
08-11-2015 08:36 PM
by Chilehead
9 478
Thought this was a good...
Just for Cuts
08-06-2015 03:38 PM
08-11-2015 10:54 AM
by Steve
8 477
Plowing pricing
jcurr33
08-08-2015 04:58 PM
08-11-2015 10:51 AM
by Steve
6 441
Should I upgrade my back...
googus
08-07-2015 10:50 AM
08-11-2015 10:44 AM
by googus
7 406
Keeping it clean....
Wolf4dk
08-09-2015 11:31 PM
08-11-2015 06:34 AM
by Chilehead
7 336
I have been rude and...
biglee
06-15-2015 10:11 PM
08-10-2015 09:41 PM
by stallman419
12 2,717
Newbie Saying Hi.
LZLC
08-08-2015 09:22 PM
08-10-2015 11:20 AM
by Steve
1 237
How much do I charge to...
Chris Herrera
08-06-2015 09:30 PM
08-09-2015 11:31 AM
by biglee
2 373
scag SWZT review!
mattthelawnguy
07-23-2015 02:28 PM
08-07-2015 03:26 PM
by Steve
17 1,104
Best commercial contract...
sanlanct
08-04-2015 12:18 PM
08-06-2015 06:20 AM
by sanlanct
2 371
I came across this on a...
rootytalbot
08-02-2015 11:04 AM
08-05-2015 08:17 PM
by SC93
9 608
Help bidding a hedge...
hopolb33
08-02-2015 06:09 PM
08-05-2015 02:07 PM
by Steve
3 409
recycler toro 22"
rvezakis
08-03-2015 12:10 PM
08-04-2015 11:47 AM
by Steve
1 290
Hello Everybody
budspop
07-30-2015 11:42 AM
07-31-2015 12:28 PM
by Steve
1 281
» 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 growing a lawn care business hiring how to hydro increase customers 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 solo backpack sprayer sq ft square foot swzt tree tree pics up sell employee walk behind web design website website design winterization wood www.greenturion.co.za
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 12:28 AM.


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

All times are GMT -5. The time now is 12:28 AM.

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