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.

Getting Finances


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 01-10-2011, 05:53 PM
tonyslawn10@yahoo.com's Avatar
tonyslawn10@yahoo.com tonyslawn10@yahoo.com is offline
Junior Member
 
Join Date: Jun 2010
Posts: 7
Rep Power: 7
tonyslawn10@yahoo.com is on a distinguished road
Default Getting Finances

How do i get financing to get better equipment? My credit is shot, the buisness is doing good, when i have working equipment, and would really like to upgrade to get more buisness, but cant find the funding to get it going bigtime. Please help.
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 01-10-2011, 06:05 PM
jymie's Avatar
jymie jymie is offline
Senior Member
 
Join Date: Aug 2008
Location: Hamburg New York
Posts: 912
Rep Power: 8
jymie is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
The first few years will not justify you getting deep in debt. Avoid that at all costs. Make do with what you have if you can and just buy a little at a time as you can afford to. Check on Craigslist for items you wish to upgrade.
Reply With Quote
  #3  
Old 01-10-2011, 07:36 PM
TNT Family Lawn Care TNT Family Lawn Care is offline
Member
 
Join Date: Jul 2009
Posts: 30
Rep Power: 7
TNT Family Lawn Care is on a distinguished road
Default

Words of Wisdom right there


I agree with you do not go in debt make do with what you have or if you need something to do a job rent it much cheaper you can rent anything these days
Reply With Quote
  #4  
Old 01-11-2011, 02:36 AM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 37,970
Rep Power: 10
Steve has disabled reputation
Default

I ask this of Tony and others who have gone through this before him.

When you find/found yourself in this situation, did not having enough money to upgrade your machinery have anything to do with not charging enough for your work or were there other reasons why it wasn't possible at the time you wanted to do this?

What is the best way to resolve this issue?
__________________
- 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 01-13-2011, 09:05 PM
johncrider johncrider is offline
Members
 
Join Date: Sep 2007
Posts: 4
Rep Power: 9
johncrider
Default

You can also look at opening as an LLC or Corp. In many instances they are viewed as a separate entity therefore having their own credit histories. Generally, they have to be two years in business as such entity before they will be viewed separately. Speak to an attorney or accountant about this for your situation. It all depends on where you plan to be in ten years too.
Reply With Quote
  #6  
Old 01-14-2011, 03:05 AM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 37,970
Rep Power: 10
Steve has disabled reputation
Default

John,

Whats your view on the best way to raise money for equipment? Should you finance it or save for it or what?
__________________
- 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 01-14-2011, 06:36 AM
picframer's Avatar
picframer picframer is offline
Andy
 
Join Date: Jan 2009
Location: Halifax, Nova Scotia
Posts: 2,885
Rep Power: 11
picframer will become famous soon enough
Default

This is a fine line and I do not think there is a black and white answer based on my career in banking and financing hundreds of companies, it depends on the industry and the owners/directors marketing plans, industry measurement tools etc.

I am reminded that it takes money to make money, at the same time I have gone both routes and starting with nothing will get you there, it just takes longer, renting equipment for a special job is a very good option until you can afford the equipment.

My experience in financing and credit is Canadian, however credit granting is somewhat close.

The best way to establish credit in today's market, is to obtain a secure Master Card or Visa. Basically you deposit cash on a Credit card, use it and pay it off every month, this is reported to the credit agencies and after 6 to 12 months you will have established a credit history.
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #8  
Old 01-16-2011, 01:25 AM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 37,970
Rep Power: 10
Steve has disabled reputation
Default

Quote:
I am reminded that it takes money to make money, at the same time I have gone both routes and starting with nothing will get you there, it just takes longer
Andy,

When you think of different routes to go, do you feel the new lawn care business owner who is still unsure of many things about his business should be spending more than he/she can spend on equipment?

Or should that apply more to a business veteran who understands the scope of what they are doing and taking out some debt to scale up, isn't such a big deal to 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
  #9  
Old 01-16-2011, 01:44 PM
picframer's Avatar
picframer picframer is offline
Andy
 
Join Date: Jan 2009
Location: Halifax, Nova Scotia
Posts: 2,885
Rep Power: 11
picframer will become famous soon enough
Default

Quote:
Originally Posted by Steve View Post
Andy,

When you think of different routes to go, do you feel the new lawn care business owner who is still unsure of many things about his business should be spending more than he/she can spend on equipment?

Or should that apply more to a business veteran who understands the scope of what they are doing and taking out some debt to scale up, isn't such a big deal to them?
If the owner is unsure about anything then he/she should never go into debt to buy equipment.

As I noted it all depends on the person, experience and track record. Personally i had no issues taking on debt and my debt is now 7% of my Capital assets, granted I had a substantial amount of capital available to put into it.

It also depends on the percentage of debt you are taking on, for me to invest ten grand in a mower and borrow for it is nothing because of my circumstances, to others that may be a mammoth undertaking.
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #10  
Old 01-16-2011, 05:01 PM
USA Lawn Care USA Lawn Care is offline
Member
 
Join Date: Jan 2011
Posts: 62
Rep Power: 6
USA Lawn Care is on a distinguished road
Default

as hard as it is to have a big account staring you in the face and you have credit available (which you might not be able to afford), do yourself a favor and stay with cash AVAILABLE to buy equipment.
What gets people in trouble is they think this 'great deal' this 'one chance to get a big property to mow' is going to never come around again. Especially new lawn guys building their business. 99% of us who cut grass start out the same way. We do some advertising, get some accounts, referrals, business grows. If it grows too fast (which also means you are doing something right!), it suddenly turns into some bigger piece of equipment, new $6,000 mowers financed over 2-3 years, etc. Yes...it is hard to build slow and use ONLY available profit. I think it also takes sitting down with someone (an accountant friend) or very conservative business friend, talking over your business growth and having a perspective from someone who has seen businesses fail due to debt. Get someone in your corner to say, "grow slow.....don't go into debt....the work will always be there (and it will)".
New guys rolling along by themselves......yards to mow....credit racked up...oops I broke my leg over the weekend.....can't mow.....now what? The bills won't go away because of your broken leg. That's also what insurance is for but, like I said, 99% of us begin the same way and we all know it......just out there cutting grass making some extra $$.
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
Business and personal finances? jasonw Trials & Tribulations - The drama of running a business and of life. 13 09-01-2009 07:06 AM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Hello Everyone
JohnsLawnCare
06-22-2016 11:14 AM
Today 09:38 AM
by SC93
9 139
Newbie
Jhoell
Today 03:28 AM
Today 03:28 AM
by Jhoell
0 16
Business Overload
Chilehead
05-06-2016 09:27 PM
Today 01:27 AM
by SC93
14 672
Firefighter gone Lawn...
Firehouselawn@hotmail.com
03-10-2016 04:50 PM
Yesterday 07:26 PM
by acrajchel
9 10,057
Exmark Turf Tracer
acrajchel
02-01-2014 11:34 AM
Yesterday 07:23 PM
by acrajchel
5 2,096
Rubber mulch...
avetslawncare
06-24-2015 09:28 PM
Yesterday 06:59 PM
by acrajchel
7 3,000
3 Applications or 5...
stansg1fresh
02-18-2013 12:02 PM
Yesterday 06:48 PM
by acrajchel
2 1,360
Checmial Applications
acrajchel
Yesterday 06:44 PM
Yesterday 06:44 PM
by acrajchel
0 21
Ybravo 25 mowers
SGL1
06-11-2016 09:52 AM
06-21-2016 03:44 PM
by acrajchel
5 261
Great Arborist Ladder
SGL1
06-04-2016 09:56 AM
06-17-2016 08:46 AM
by SGL1
10 350
Help a Brother Out -...
Hedgemaster
01-23-2012 04:19 PM
06-17-2016 08:28 AM
by SGL1
94 34,372
Best Push Mower You Have...
markty
05-14-2016 03:46 PM
06-17-2016 06:08 AM
by SGL1
20 794
anyone interested in a...
GoGreenerKS
06-16-2016 01:00 PM
06-17-2016 02:58 AM
by SC93
4 150
Prolin
rmccutchan
05-21-2016 04:53 PM
06-16-2016 05:28 PM
by acrajchel
3 303
Laying new grass, Sod...
WarriorLandscapingCAN
05-23-2016 10:07 AM
06-16-2016 05:27 PM
by acrajchel
2 293
Is it too late?
Cpadgett
05-28-2016 09:10 AM
06-16-2016 05:24 PM
by acrajchel
6 407
Upgraded to a new mower
Stevenor92
05-17-2016 08:17 PM
06-16-2016 05:22 PM
by acrajchel
9 512
How can I fix my...
WarriorLandscapingCAN
06-10-2016 07:47 PM
06-16-2016 05:19 PM
by acrajchel
2 205
Need a lil help
Cpadgett
06-05-2016 09:51 AM
06-16-2016 05:17 PM
by acrajchel
5 329
help with sole...
greenbuds
03-24-2016 12:21 PM
06-16-2016 05:01 PM
by acrajchel
4 9,726
New Member from...
tiptoppmanager
06-15-2016 07:39 AM
06-15-2016 03:18 PM
by SC93
2 142
Say Hello !!!
Steve
03-19-2007 11:18 AM
06-14-2016 08:16 AM
by poppyanne
1,252 437,572
Brand new fish pond
Flynn landscaping 2016
06-12-2016 09:53 AM
06-13-2016 11:21 AM
by Steve
1 128
Whats up??
Cpadgett
05-27-2016 10:57 AM
06-06-2016 08:46 PM
by Cpadgett
11 470
New Member from Texas
NathanR
06-02-2016 06:13 PM
06-03-2016 09:17 PM
by SC93
7 301
Edging Fad...
Tree geek
05-10-2016 11:29 PM
06-03-2016 07:02 PM
by SGL1
3 475
To mow weekly or Biweekly
WarriorLandscapingCAN
05-11-2016 04:09 PM
06-03-2016 06:42 PM
by SGL1
11 739
Your Time Lawn Care
yourtimelawncare
05-31-2016 01:12 PM
06-02-2016 10:11 PM
by SC93
2 271
» Popular Tags
become an entrepreneur best mower be your own boss break business education business help business management contractor hacks deck lift dethatcher edging entrepreneur entrepreneur education estimates fuel problems fuel pump half moon blade hydro jjandm lawncare l.t.rich landscape landscape design landscaping landscaping design company landscaping richmond va landscping lawncare lawn mowing lawnservice lowering grade marketing mulch new business planting plowing raising grade residential lawn care richmond va richmond virginia lawn care roundup safety scag snowblower snow plowing snow shovel solo solo backpack sprayer sprayer start a business start a lawn care business start business start up swzt toro timecutter tree tree pics tree service video walk behind what to charge work from home z-max z-spray
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 11:54 AM.


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

All times are GMT -5. The time now is 11:54 AM.

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