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Bad Year


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  #1  
Old 01-08-2012, 07:16 PM
TiedemanLLC TiedemanLLC is offline
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Default Bad Year

So I am just about all done putting together all of my tax stuff for my accountant, and this year was not a great year for us compared to last year.

So it got me thinking, what do you guys think is a bad year when it comes to crunching the numbers? Down 10%, 15%, 30%? When you say to yourself "Holy crap! What happened!?!?"
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Old 01-08-2012, 07:42 PM
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With the economy the way it is and homeowners tightening their wallets its expected right now. So I wouldnt beat myself up about it. If you still make a profit then your doing better then most. If you made good profit margins then you just need more work.

Every week I see a few more people trying to break in our business. So we're constantly getting undercut because of the unemployment rates. This guys come and go but can do short term damage to our bottom lines.
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Old 01-08-2012, 07:43 PM
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I'm up 38% from 2010 to 2011.
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Old 01-08-2012, 09:43 PM
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Every year is different. I do stand by my own motto which is: "You can always start over"....

The off-season is the greatest opportunity we have to come up with new ideas of how to get more customers or new services we could offer.

I will not go on & on about my success but will tell you now is the time to get a new strategy in order before spring.

The main two things that have worked for me is
FLYERS and my website. We are not in the phone book and we do not need to advertise in the local papers.
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Old 01-09-2012, 01:54 PM
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Quote:
So I am just about all done putting together all of my tax stuff for my accountant, and this year was not a great year for us compared to last year.
Have you figured out why? Were there certain trends in the industry, economy, or maybe in your specific area that factored into creating this? As you look ahead do you feel those factor(s) will improve or no? And if not, what can be done about it?
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Old 01-09-2012, 05:13 PM
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Wow, I just did my taxes, and because of a few purchases I had to make I lost 978 bucks last year. I thought that I was the only one with a poor year
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Old 01-09-2012, 05:18 PM
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We've all had a crappy year.

ALL OF US.

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Old 01-09-2012, 05:26 PM
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Quote:
Originally Posted by Steve View Post
Have you figured out why? Were there certain trends in the industry, economy, or maybe in your specific area that factored into creating this? As you look ahead do you feel those factor(s) will improve or no? And if not, what can be done about it?
Well I should first start off by saying this, I am comparing 2011 to my 2010 season, in which was my best year ever. 2011 was still an above average year, but compared to 2010 we are down (I am not kidding when I say this) around 40% when comparing both years.

We had high hopes going into the 2011 season. We had a late start for Spring, which hurt our sales, but we recovered a bit for May and June. However, around July is when we first started to notice the die off.

Clients were calling to cancel because they were getting laid off, or were cutting back on services or had an unexpected bill/repair for their house happen. We worked with as many as we could to figure out a budget plan. About the time everything was said and done we lost around 20 clients, while other clients reduced their services too. It was like watching everything in slow motion unfold before our eyes. We had some major installation projects lined up, that fell through the cracks at the last minute. Some of these projects already had deposits down too, but backed out because they wanted to wait a little bit longer. They were afraid of where the economy was going. It was nuts trying to figure out things.

The contracts we have returned, and the work we have lined up is "okay" for the upcoming 2012 season. We don't have any major projects set yet, it just seems like everyone is still watching their pocket book. We have noticed that installation work is falling off more, and people just want the bare minimum to maintain their properties without going crazy.

Who knows, things may rebound.
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Old 01-09-2012, 05:44 PM
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Quote:
Originally Posted by TiedemanLLC View Post
... We had high hopes going into the 2011 season. We had a late start for Spring, which hurt our sales, but we recovered a bit for May and June. However, around July is when we first started to notice the die off. ...
Yes, I also had a very late start. April 1 is my normal starting date but it was just too wet. I wasn't up to full speed until the first week in May. I was still up though. Last year was the first year I made more working for myself than I did at my old job.
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Old 01-09-2012, 07:59 PM
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2011 is so far my best year yet for record Gross Income. My profits aren't as high though but still made a profit considering I payed off my Zero turn mower, payed off my lawn vacuum (both were loans from the bank) and I just recently purchased myself a truck which I can employ myself in winter time and run all year long pretty much.

2012 is going to be my 6th year in business and my 1st year full time. I am excited and can't wait
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