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 > Trials & Tribulations - The drama of running a business and of life.

Trials & Tribulations - The drama of running a business and of life. It's not as easy as it looks. Running a business is full of drama. Customers, employees, money, family, time. You name it, it's a problem. Share with us your drama and how you handled it.

Bought accounts this year.. think I'm getting screwed


Trials & Tribulations - The drama of running a business and of life.

It's not as easy as it looks. Running a business is full of drama. Customers, employees, money, family, time. You name it, it's a problem. Share with us your drama and how you handled it.
Reply
 
Thread Tools Search this Thread
  #21  
Old 10-10-2012, 04:41 PM
TiedemanLLC TiedemanLLC is offline
Senior Member
 
Join Date: Dec 2011
Posts: 226
Rep Power: 3
TiedemanLLC is on a distinguished road
Default

I feel for you too. I have been on both ends of almost being bought out, and trying to buy someone out too. In the end, with two different situations I walked away from the deal, it was the best decision that I ever made.

In regards to the buy out, I had it setup differently when I was trying to buy the other person out. Everything was in writing, non-compete, I was buying not only accounts, but supplies and equipment.

The buy out was going to happen over a three year phase. More or less, if I lost any clients then the next years payment would be adjusted accordingly. He would stay on as a part time manager to help with the transition, and at the end of the three years, if he actually got me more clients, then he would receive a percentage bonus (this was a little incentive so he wouldn't screw me over but actually work with me). In the end I canceled the deal because he wanted all of the money up front. I declined.

In another instance when I was going to get bought up, I was made promises and promises (this was when I first started in the business so I was a little wet behind the ears). I agreed to a buy out price that included the equipment, my accounts, and me being a manager of the company that just sat behind a desk all day.

However, after three days of no money, not being promised the qualified help, and having to work out in the field, I packed up and left.
__________________
Twitter
Facebook
LinkedIn
Website
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


  #22  
Old 10-14-2012, 10:56 AM
Grass Doctor Grass Doctor is offline
Senior Member
 
Join Date: Apr 2012
Location: san antonio tx
Posts: 407
Rep Power: 2
Grass Doctor is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
Quote:
Originally Posted by AkersLawn View Post
this is America right??
Reply With Quote
  #23  
Old 02-26-2013, 08:18 AM
LawnBoy0311 LawnBoy0311 is offline
new member
 
Join Date: Jun 2012
Location: East Coast
Posts: 1,169
Rep Power: 0
LawnBoy0311 is on a distinguished road
Default

Greenscape, what ever happened? How did your first year go? of those customers, how many in the end stayed?
Reply With Quote
  #24  
Old 02-27-2013, 03:03 PM
greenscaper123 greenscaper123 is offline
Member
 
Join Date: Oct 2012
Posts: 65
Rep Power: 2
greenscaper123 is on a distinguished road
Default

Quote:
Originally Posted by LawnBoy0311 View Post
Greenscape, what ever happened? How did your first year go? of those customers, how many in the end stayed?
Out of the 23 I bought, 14 stayed. It could have been worse I guess, just wish I hadn't spent so much money for them. A couple weeks ago I saw a guy on craigslist selling 54 accounts under CONTRACT for $7000. That's a $1000 less than what I paid for essentially 14 haha. I'm looking past it though, it's a new season and most of the customers who stayed on are agreeing to monthly maintenance packages and pre pay billing. I realized my depression over it last year really hindered my drive and focus to succeed. So I'm making a big push with my postcards this year and expect to be around 70 by April. Regardless of whatever money I wasted last year, if I can be in that position in my second year, I'll be happy. Wish me luck!
Reply With Quote
  #25  
Old 02-27-2013, 03:51 PM
LawnBoy0311 LawnBoy0311 is offline
new member
 
Join Date: Jun 2012
Location: East Coast
Posts: 1,169
Rep Power: 0
LawnBoy0311 is on a distinguished road
Default

Quote:
Originally Posted by greenscaper123 View Post
Out of the 23 I bought, 14 stayed. It could have been worse I guess, just wish I hadn't spent so much money for them. A couple weeks ago I saw a guy on craigslist selling 54 accounts under CONTRACT for $7000. That's a $1000 less than what I paid for essentially 14 haha. I'm looking past it though, it's a new season and most of the customers who stayed on are agreeing to monthly maintenance packages and pre pay billing. I realized my depression over it last year really hindered my drive and focus to succeed. So I'm making a big push with my postcards this year and expect to be around 70 by April. Regardless of whatever money I wasted last year, if I can be in that position in my second year, I'll be happy. Wish me luck!
Wow, thats still not too bad. You'll do great this year and making them full service is even better! Good luck to you!
Reply With Quote
  #26  
Old 02-27-2013, 04:02 PM
jymie's Avatar
jymie jymie is offline
Senior Member
 
Join Date: Aug 2008
Location: Hamburg New York
Posts: 898
Rep Power: 6
jymie is on a distinguished road
Default

Quote:
Originally Posted by greenscaper123 View Post
Out of the 23 I bought, 14 stayed. It could have been worse I guess, just wish I hadn't spent so much money for them. A couple weeks ago I saw a guy on craigslist selling 54 accounts under CONTRACT for $7000. That's a $1000 less than what I paid for essentially 14 haha. I'm looking past it though, it's a new season and most of the customers who stayed on are agreeing to monthly maintenance packages and pre pay billing. I realized my depression over it last year really hindered my drive and focus to succeed. So I'm making a big push with my postcards this year and expect to be around 70 by April. Regardless of whatever money I wasted last year, if I can be in that position in my second year, I'll be happy. Wish me luck!
Best of luck. Do you have a website?
Reply With Quote
  #27  
Old 02-28-2013, 01:04 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 35,771
Rep Power: 10
Steve has disabled reputation
Default

Quote:
Out of the 23 I bought, 14 stayed. It could have been worse I guess, just wish I hadn't spent so much money for them.
Looking back at the situation now, what range do you feel would have been a good price to pay? What multiple of their weekly mowing price would you pay for a customer in the future?

Quote:
I realized my depression over it last year really hindered my drive and focus to succeed
Every once in a while on here we talk about depression and how it effects are abilities to do what we want to do. Can you tell us a little about your thought on how depression factored into this business transaction and how it effected you afterwards?
__________________
- 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
  #28  
Old 03-05-2013, 04:55 PM
greenscaper123 greenscaper123 is offline
Member
 
Join Date: Oct 2012
Posts: 65
Rep Power: 2
greenscaper123 is on a distinguished road
Default

Quote:
Originally Posted by Steve View Post
Looking back at the situation now, what range do you feel would have been a good price to pay? What multiple of their weekly mowing price would you pay for a customer in the future?


Every once in a while on here we talk about depression and how it effects are abilities to do what we want to do. Can you tell us a little about your thought on how depression factored into this business transaction and how it effected you afterwards?
Well based on the customers that actually stayed on, which was 14, looking back I would have never paid more than 3000.

When I started the season I had so much fire. I had all these thoughts and ideas on where to go with this business and I just couldn't wait to get started. Then when people started quitting, it was like every bit of ambition I had in me was sucked out. I was skeptical dropping that much cash as it already was. I stopped advertising and basically became content with what I had. I was only working 20 hours a week and yet when I was done with what I had to do, I wouldn't even attempt to find more work. Instead I would go home and feel sorry for myself. "If I would have done this, if I would have done that" I would spend hours online trying to figure out if there was a way I could recoup my money. I would call lawyers, I would go on forums like these and ask people what I should do. Looking back, I realized what I should have been doing was going out and finding more work, calling up all my existing customers and try to up sell, network with people, create a website, work on things to improve my overall image as a business. Instead I didn't do any of that. Instead I came on here and complained about it and spent hours trying to figure out how to correct the past.

I eventually realized that if I was ever going to continue growing I needed to put it behind me and start focusing on a fresh start. It's literally impossible to focus on the future when you're stuck in the past. The past brings about nothing but depression when you dwell on poor decisions, because it's over and done with. The future on the other hand instills opportunity, which in turn creates optimism. I think that's why my ambition has finally returned.
Reply With Quote
  #29  
Old 03-05-2013, 04:55 PM
greenscaper123 greenscaper123 is offline
Member
 
Join Date: Oct 2012
Posts: 65
Rep Power: 2
greenscaper123 is on a distinguished road
Default

Quote:
Originally Posted by jymie View Post
Best of luck. Do you have a website?
I'm working on one now actually
Reply With Quote
  #30  
Old 03-05-2013, 06:30 PM
jymie's Avatar
jymie jymie is offline
Senior Member
 
Join Date: Aug 2008
Location: Hamburg New York
Posts: 898
Rep Power: 6
jymie is on a distinguished road
Default

Check out my site click on the banner below maybe you will get some ideas. I have one page as a request a quote page, that has been golden for me. At the bottom of that page you can click on the link to the host for it, it is free to use for up to 5 forms. I use it for job applications, quote request page, referral form and satisfaction survey.

Heres the link for it: http://www.emailmeform.com/

Its very simple to use, after you create your form, you get html code and insert the code onto your site page.
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
Bought a GPS! CHEESE2009 General Talk 20 12-02-2010 03:58 PM
Bought a Safe CHEESE2009 Show Off - Picture Post - Photo Gallery 7 11-29-2010 06:28 PM
I Really Screwed Up! aduttonater Trials & Tribulations - The drama of running a business and of life. 15 10-16-2010 07:26 PM
I royaly screwed up jasonw Starting a lawn care business. 24 06-23-2010 01:41 PM
Screwed up my trial RjCjR Gopher Software Support Archived Question & Answers - Read Only 1 05-15-2004 05:13 AM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Acerage Rake
acrajchel
Today 07:23 PM
Today 07:23 PM
by acrajchel
0 8
2.5 acre mowing
xandrew245x
04-18-2014 06:55 AM
Today 07:11 PM
by acrajchel
15 330
In a bit situation need...
googus
Yesterday 08:01 AM
Today 07:07 PM
by acrajchel
7 140
New Trailer
bobwill2009
Today 12:46 PM
Today 06:46 PM
by BelleCityLawn1
2 48
Advertising On...
JacobsLawnMowing
03-17-2014 03:21 PM
Today 06:02 PM
by bobwill2009
13 850
Any greenhouse operators...
GoGreenerKS
04-15-2014 11:21 AM
Today 12:37 PM
by Steve
7 214
Pushy customers
christopherhicks82
Yesterday 08:22 PM
Today 12:34 PM
by Steve
4 119
Pond...
xandrew245x
Yesterday 03:29 PM
Today 12:30 PM
by Steve
3 80
Truck, Trailer,...
hawthornelawncare
12-23-2011 12:01 AM
Today 12:17 PM
by bobwill2009
79 25,303
The $20 Mow Job
Dan Tanner
04-21-2014 07:24 PM
Today 12:06 PM
by Steve
5 181
quickbooks users
CDLAWNCARE
04-20-2014 09:03 AM
Today 06:48 AM
by CDLAWNCARE
4 167
Looking for advice on a...
Tekeda1
04-13-2014 09:53 AM
Yesterday 07:55 PM
by Just for Cuts
23 576
About D@## Time!
TamMik
04-02-2014 08:10 AM
Yesterday 05:14 PM
by BelleCityLawn1
19 862
Back for this year
xandrew245x
02-21-2014 04:30 PM
Yesterday 03:36 PM
by xandrew245x
19 1,002
What Was Your Setup When...
superrman77
02-11-2014 10:53 AM
Yesterday 12:29 AM
by Tony317
22 1,701
Sulky and Turf Tracer
acrajchel
04-07-2014 01:44 PM
Yesterday 12:07 AM
by Tony317
9 438
danny 2
danny2
04-19-2014 10:19 PM
04-21-2014 12:25 PM
by Steve
3 135
this mower is driving me...
boog
04-17-2014 12:07 PM
04-21-2014 12:10 PM
by kslawn
13 346
What Fertilizer to Use?
acrajchel
04-07-2014 01:56 PM
04-21-2014 12:02 PM
by kslawn
20 585
I Got Taken...,
Dan Tanner
04-19-2014 06:26 AM
04-21-2014 11:49 AM
by Steve
4 223
new to this forum!
mower13126
04-18-2014 07:37 PM
04-21-2014 11:39 AM
by Steve
4 146
REO calling
Dan Tanner
04-16-2014 05:03 PM
04-21-2014 11:33 AM
by Steve
12 344
employee pay
4 seasons maintenance
04-10-2011 09:34 PM
04-20-2014 04:40 PM
by Dan Tanner
20 6,873
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
04-20-2014 11:13 AM
by ExtremeLawncareServices
32 1,206
Lawn Renovation
stevef1201
04-11-2014 12:00 PM
04-20-2014 11:11 AM
by kslawn
10 364
Customers droping like...
goodtimez
04-18-2014 09:53 AM
04-19-2014 08:09 AM
by CDLAWNCARE
7 227
Best Bulk Mulch delivery...
Steven Virgadamo
04-18-2014 09:52 AM
04-18-2014 05:34 PM
by Steve
2 100
Steve Virgadamo,...
Steven Virgadamo
04-18-2014 09:49 AM
04-18-2014 05:08 PM
by Steve
2 82
Instagram
Gerardo_Landscape
04-16-2014 11:28 AM
04-18-2014 04:51 PM
by Steve
3 177
Help with weed liability!
Prolawnofchatt
04-15-2014 09:10 AM
04-18-2014 04:47 PM
by Steve
5 239
Nationwide lawn care...
Billy Goat
04-15-2014 05:21 PM
04-18-2014 04:39 PM
by Steve
9 256
Truck Signage
Dan Tanner
04-16-2014 11:00 PM
04-18-2014 04:04 PM
by stevef1201
10 279
leaf removal
tlf59263
04-15-2014 10:00 PM
04-18-2014 03:59 PM
by stevef1201
6 235
Pay per click advertising
roostertail
02-12-2014 07:26 PM
04-17-2014 07:11 PM
by yardrate
10 633
Accepting credit cards,...
Darksteel
03-17-2014 08:01 PM
04-16-2014 01:02 PM
by jymie
15 800
Trimec
acrajchel
04-15-2014 08:24 PM
04-16-2014 11:10 AM
by Steve
3 146
Gopher Forum Discount!
BlackRain75
04-12-2014 10:44 PM
04-16-2014 10:50 AM
by Steve
9 344
hello
NFrailey
04-15-2014 01:39 PM
04-16-2014 10:48 AM
by Steve
1 129
Pricing a Mulch Job
dmcalpi
04-07-2014 02:16 PM
04-16-2014 09:40 AM
by jymie
21 780
google earth
CDLAWNCARE
04-12-2014 03:24 PM
04-16-2014 09:36 AM
by jymie
8 289
There has to be an...
CDLAWNCARE
04-14-2014 12:59 PM
04-15-2014 04:06 PM
by Dan Tanner
6 231
First Day Back!
BelleCityLawn1
04-09-2014 09:13 PM
04-15-2014 11:16 AM
by Steve
11 366
Mow America
stevegredler
04-13-2014 01:02 PM
04-14-2014 09:53 PM
by kslawn
5 272
Power Broom
acrajchel
04-14-2014 07:46 AM
04-14-2014 12:47 PM
by CDLAWNCARE
2 152
Say Hello !!!
Steve
03-19-2007 11:18 AM
04-14-2014 11:34 AM
by Steve
1,176 286,701
Equipment reviews
Greg'slawnandlandscape
04-09-2014 07:17 AM
04-14-2014 11:27 AM
by Greg'slawnandlandscape
13 523
Aerating Prices?
Dan Tanner
04-08-2014 03:16 PM
04-14-2014 10:31 AM
by Steve
13 528
Estimating help
acrajchel
04-11-2014 06:06 PM
04-14-2014 10:20 AM
by Steve
3 233
Need help bidding church...
GreenRidge Lawn&Landscape
04-07-2014 08:01 PM
04-14-2014 09:49 AM
by Steve
12 495
Hello all
Griff20114
04-12-2014 05:08 PM
04-14-2014 09:46 AM
by Steve
1 147
» Popular Tags
4wd aerator bid butterfly gardens buy charge christmas light service craigslist credit card cultivation customers decorating exmark fall ferris financing first truck flower bed cultivation price franchise gopherhaul grass clarksville gravely gravely 34" zero turn health holiday how much to charge introduction invoice kansas city late lawn lawn care lawn care business lawn care business show lesco lighting marketing mechanic monthly mow mowing mowing clarksville mulch mulch price new and restored landscapes new buisness new business office management podcast promotion reo requests scag schedule selling seo sole proprietorship starting a business start up lawn care business steve stihl subcontractor top dresser toro tree care turfgrass consulting upsell walker winter money making ideas zero turn
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 08:42 PM.


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

All times are GMT -5. The time now is 08:42 PM.

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