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: 5
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: 905
Rep Power: 7
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: 6
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 online now
Administrator
 
Join Date: May 2003
Posts: 36,511
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: 8
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 online now
Administrator
 
Join Date: May 2003
Posts: 36,511
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: 9
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 online now
Administrator
 
Join Date: May 2003
Posts: 36,511
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: 9
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: 4
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
Dealing With Gas Can...
Mr. Mow
10-21-2014 01:41 PM
Yesterday 10:35 PM
by SGL1
6 195
raking leaves ?
robert8509
Yesterday 09:19 PM
Yesterday 09:19 PM
by robert8509
0 27
hey everyone
robert8509
Yesterday 08:16 PM
Yesterday 08:16 PM
by robert8509
0 33
Leaf Box & Loader Set...
ringahding1
10-21-2014 06:20 AM
Yesterday 06:51 PM
by Matther777
4 176
Pda
stevef1201
10-18-2014 02:05 PM
Yesterday 04:49 PM
by WesleySnips
3 280
Workmans compensation...
CDLAWNCARE
10-15-2014 08:05 AM
Yesterday 01:47 PM
by The Hunter
3 430
Pressure Washing Like a...
TNTurf
08-01-2014 11:47 PM
Yesterday 01:33 PM
by Steve
9 742
Hello, from TEXAS
sanchez5
10-17-2014 09:56 PM
Yesterday 01:27 PM
by Steve
6 370
Organic Lawn Care...
NHray
10-17-2014 06:05 PM
Yesterday 01:23 PM
by Steve
3 337
Hi Steve From West...
Mr. Mow
10-21-2014 01:59 PM
Yesterday 01:19 PM
by Steve
1 115
Cheapskate Landlord...
Mr. Mow
10-20-2014 06:33 AM
Yesterday 01:17 PM
by Steve
9 279
Help a brother...
tbtigers03
09-28-2014 11:41 AM
Yesterday 08:51 AM
by ringahding1
12 1,476
first year update
cmdlawncare
08-12-2014 05:41 PM
Yesterday 07:47 AM
by ringahding1
4 1,300
What parts do you carry...
Just for Cuts
10-17-2014 09:08 AM
10-21-2014 01:36 PM
by Mr. Mow
16 623
Jungle to Beautiful
stevef1201
10-17-2014 09:54 AM
10-21-2014 01:26 PM
by stevef1201
11 472
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
10-21-2014 01:19 PM
by ExtremeLawncareServices
158 11,331
Sunny Beach Tennis...
SGL1
10-19-2014 11:24 PM
10-21-2014 01:04 PM
by SGL1
4 232
Have you ever had to...
SouthernRootsLawnCare
07-26-2014 02:41 PM
10-20-2014 08:34 PM
by biglee
10 1,781
Look out Bob Villa -...
Mr Dave
09-30-2014 10:06 AM
10-20-2014 05:42 PM
by SGL1
7 1,288
how to fi d commercial...
mchampion319
10-19-2014 09:50 PM
10-20-2014 04:41 PM
by Steve
1 199
Hello From Tennessee
mrmann901
10-17-2014 10:02 PM
10-20-2014 04:24 PM
by Steve
1 271
questions on order to...
jack2048
10-13-2014 11:15 AM
10-20-2014 03:27 PM
by Mr. Mow
15 714
This sucks...
Matther777
09-18-2014 04:56 PM
10-20-2014 02:14 PM
by Steve
14 2,163
Cement mixer
KevinsLawns
10-15-2014 08:03 PM
10-20-2014 02:11 PM
by Steve
7 453
Hello ! New guy Rob here
RWorthley1
10-17-2014 04:05 PM
10-20-2014 02:09 PM
by Steve
1 291
Snow Blowing
gwilson98
10-12-2014 02:21 PM
10-17-2014 02:51 PM
by Steve
6 637
Spreading Weeds?
WesleySnips
07-27-2014 09:46 PM
10-17-2014 07:49 AM
by SGL1
6 935
Grasswhoopins.com Anyone...
GRASS WHOOPINS
06-21-2011 11:38 PM
10-16-2014 01:30 PM
by ExtremeLawncareServices
42 9,294
I Want to buy old...
ExtremeLawncareServices
10-10-2014 10:04 PM
10-15-2014 09:12 PM
by ExtremeLawncareServices
6 666
Say Hello !!!
Steve
03-19-2007 11:18 AM
10-15-2014 06:43 PM
by NHray
1,190 340,110
Do you find weed eating...
chuck2s
10-15-2014 02:10 PM
10-15-2014 02:10 PM
by chuck2s
0 382
Incorporating &...
WesleySnips
10-01-2014 09:39 PM
10-15-2014 01:37 PM
by kslawn
20 1,479
Falling into business
stellarmowing
09-28-2014 04:35 PM
10-15-2014 05:57 AM
by ringahding1
8 1,497
Apartment Complex and...
lxarth
06-22-2011 01:10 PM
10-14-2014 06:25 PM
by jrs.landscaping
42 9,578
I LOVE hedge trimming
stevef1201
10-13-2014 09:05 AM
10-14-2014 01:06 PM
by Steve
5 522
Help with seeder...
ExtremeLawncareServices
10-09-2014 07:39 AM
10-13-2014 08:09 PM
by ExtremeLawncareServices
5 681
The Market watch
WesleySnips
10-12-2014 08:47 PM
10-13-2014 05:40 PM
by SGL1
3 520
Help pricing a large...
Bradcook21
10-07-2014 06:49 AM
10-13-2014 02:00 PM
by Steve
7 869
leaf removal
Double J LLC
10-03-2014 04:24 PM
10-13-2014 06:46 AM
by Billy Goat
19 1,502
Acerage Rake
acrajchel
04-23-2014 07:23 PM
10-12-2014 10:53 PM
by SGL1
2 830
John Deere z235 Deck
WesleySnips
09-29-2014 06:02 PM
10-12-2014 06:20 PM
by kslawn
25 1,643
Credit card contract
SGL1
10-06-2014 05:31 PM
10-12-2014 03:40 PM
by SGL1
18 1,057
Truck craft dump bed...
ExtremeLawncareServices
10-04-2014 08:41 PM
10-10-2014 11:35 AM
by Steve
7 962
First Time River Rock...
berryjam
10-09-2014 06:09 PM
10-10-2014 11:08 AM
by Steve
2 606
West cost lawn prices
SGlawncare
10-09-2014 09:51 PM
10-10-2014 11:03 AM
by Steve
1 592
Question?what should I...
dalvan0
09-24-2014 11:10 PM
10-09-2014 05:58 PM
by kslawn
28 2,131
Mowing the hills
EyeCatchersNow
07-08-2014 12:22 PM
10-09-2014 04:19 PM
by Just for Cuts
25 3,004
snowplowing
jshak40
09-01-2014 07:20 AM
10-09-2014 02:21 PM
by Steve
25 3,641
Changing Scag Freedom Z...
maggiedavidson
10-06-2014 12:24 PM
10-08-2014 06:34 PM
by ExtremeLawncareServices
7 845
The most dangerous part...
Steve
10-06-2014 02:45 PM
10-07-2014 04:18 PM
by ExtremeLawncareServices
3 824
» Popular Tags
4wd apartment complex article marketing bark bid blades bob villa charge collections collections subcontractor commercial decorating ditches edging employee problems estimate exmark ferris fundraiser gopherhaul gravely growing a lawn care business hardscapes honda how much to charge installation introduction landscape services lawn lawn care lawn care business lawn care business seo lawn care business show lawn care business website lawn care business website seo lawn care website marketing monthly mr dave mulch mulch price new mower past due patio install podcast promotion pto redmax reo running a business scag search engine optimization seo shell small engine repair snow starting a business start up lawn care business steep lawns steve stihl theft of services top dresser toro toro grand stand trimmer rack truck new used landscape turfgrass consulting walker won't return
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 01:36 AM.


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

All times are GMT -5. The time now is 01:36 AM.

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