Archive for the 'Debt' Category

Lawn care business debt stories.

Most new lawn care businesses start up with very little money and with no money in reserve. This opens the door to financial troubles when you begin to run into the standard problems of equipment breaking down, or not being able to find enough customers, or not having enough money set aside to get you [...]

Questions and lessons from a previous lawn care employee.

You can learn a lot by listening to your lawn care employees. If you don’t have any yet, here is an entrepreneur who recently quit his job as a landscape laborer and shared with us some of his insights. In this discussion from the Gopher Lawn Care Business Forum, one member talked about the biggest [...]

Using a credit card for your lawn care business expenses.

As a new business owner, it is a great thing to pay for everything you need as you go and not go into debt. Taking on debt at any stage is dangerous but it is especially risky when you are a new start up. More new businesses fail due to a lack of positive cash [...]

Getting your lawn care business started can be very frustrating.

It can be very frustrating trying to get your lawn care business started. Unless you are 100% focused on making it work and have the time/funding to support your new business, the small problems can quickly become bigger ones and end up driving you crazy. Here is a story about how things can go wrong [...]

A lawn care collection horror story.

You may think it should be fairly easy to collect payment from your lawn care customers. You perform the work, bill the customer, and receive your payment. But what if that one customer represented a large percentage of your income? What if they had previously bounced checks before but had always made you whole in [...]

Why do we fail at business?

Why do so many of us fail at business? What makes it seem like it’s next to impossible for the average person to start a business? What kind of advice would you have to offer the average person, working a full time job who dreams of running a business? How should they even get to [...]

In one month a new lawn care business owner is too busy.

Some entrepreneurs will hit the ground running a lot faster than others. A lot of it has to do with variables outside their control. Certain areas are underserved when it comes to lawn care while other areas are highly competitive. As we will see in this discussion from the Gopher Lawn Care Business Forum, it’s [...]

Have you considered offering customer’s 3 year lawn care contracts?

Are you in need of more cash now to upgrade your equipment but you don’t want to take out a loan? Why not consider this business owner’s method of raising a large amount of cash, offer a 3 year prepaid lawn care contract to a favorite customer. In this discussion from the Gopher Lawn Care [...]

Should I buy some new lawn care equipment or work on my marketing?

As a new business owner, you may be limited on the resources you have, so you need to spend your time and money wisely if you want to grow. But what should you be spending your time and money on? That is what one entrepreneur was interested in knowing on the Gopher Lawn Care Business [...]

A lawn care business owner’s lesson on debt and debt collection.

A real simple step you can take to help you improve your chances of success is to limit the amount of time a customer can take to pay you. Even better, if you can get paid in advance, that cuts out all the time you might have wasted tracking down late payers. Here is a [...]

Turning over deadbeat lawn care customers to collections.

It can be very frustrating dealing with lawn care customers in general, but when they don’t pay you, that frustration level can get worse. But as we will see from this discussion on the Gopher Lawn Care Business Forum, there is no point in getting mad. You simply need to consider your collection options and [...]

Over extending your lawn care business.

In most every business, there seems this constant push to want to grow and get bigger. There is a point you can reach though where you go from growth to over extending yourself. You may not notice when it is happening. You also may not know the downsides to doing it. Here is a great [...]

Buying old versus new lawn care equipment.

Buying new lawn care equipment can save you with repair headaches. They are less prone to breaking down and you usually have a dealer warranty that covers repair issues that pop up. The down side though is the price. If you are trying to save some money, you could consider doing what these other business [...]

Top 3 early lawn care business mistakes.

There are so many ways you can go wrong when you are first getting your business started. You can run out of money. You can get frustrated on the response from your marketing. Then you can just find yourself giving up because what you perceive as a lack of interest in your business, but before [...]

Lawn care business success tips.

As you get your lawn care business started, do you ever just feel like winging it and seeing where things go? Or do you feel that you should be planning things out more? From this discussion on the Gopher Lawn Care Business Forum, we will see how having a lawn care business plan can really [...]

How lawn care business owners save money.

How do you save money? Do you ever find there is a psychological barrier beyond a certain amount of money where you have a hard time breaking through when it comes to saving?
Like where you feel saving gets tougher and tougher for you to do? Maybe it’s $1000 or $2000? At a certain point do [...]

How a lawn care business implodes.

When you don’t have a full grasp on your business operations, disasters can sneak up on you and cause your business to implode upon itself. If you have never seen how such an event can happen, this discussion on the Gopher Lawn Care Business Forum is a great example of how things can go bad [...]

Should you take on more debt to make more money?

No one likes debt. We all know that having too much debt can really get you into trouble. But what about debt that brings a return over time? If you had the opportunity to scale up your business and take on larger, more profitable jobs, would you? Even if they required you buying larger lawn [...]

How good and bad luck can play a role in your business.

It is hard enough to start a new business, even when you have the capital and the knowledge to operate such a business. Something that can make it even worse is taking on debt to do it. Debt will put a lot more pressure on any business owner to find the right ingredients faster. [...]

My HUD housing mowing nightmare.

Here is a classic tale of what can happen when you are too eager for work. Some lawns are unmowed because the cost to mow them is just too high. You always have to visit each and every property you are bidding on, before you submit your bid. If you don’t and you are too [...]

Try the market before you buy the equipment.

If there is a lesson to be learned from this Gopher Lawn Care Business Forum discussion, it’s that you really need to test your marketing before you go out and spend a lot of money on equipment that won’t bring you anything in return. Everyone loves new equipment. The feel of it, the smell of [...]

Why their businesses failed.

Knowing why businesses fail can be just as important as knowing why others succeed. Hearing success stories can be really interesting and entertaining. Those who succeed always have them and they tend to be these glossed over stories on how, they simply over came obstacles and worked hard. However, the law of averages states there [...]

Why lawn care business owners overspend.

A quick way to kill your lawn care business is to spend more than you make. The concept sounds simple enough, but still, why are so many lawn care business owners burning out at such a fast rate? There are many reasons why they are overspending. They may be trying to buy happiness, maybe it’s [...]

Lawn care business advice from a 20 year veteran.

Any lawn care business owner that can make it through their first year, is going to learn from a wealth of experiences. When we research lawn care business failure rates, the toughest year seems to be the first one. But can you imagine how much you would learn after 20 years in business? We got [...]

How credit errors and borrowing limits can effect your lawn care business.

In a previous discussion I had talked about 7 tips to getting a commercial lawn care business loan approved. That discussion opened up to include a few more important issues I wanted to pass on to you. These may not be issues you find yourself dealing with day-in and day-out unless you are looking to [...]

Accounts receivable is a silent business killer.

All too often, accounts receivable, is over looked by new lawn care business owners. When a new lawn care business owner is just getting started, they figure they would rather be working than not working. So as long as they are working, they feel like it is money in the bank. But it is so [...]

Should I buy a used mower on craigslist?

Getting your lawn care business started can mean scrambling around trying to find a bunch of basic equipment and spending a lot of cash. Some entrepreneurs are able to do this while others need to work within a very tight budget. If this is your situation, have you considered buying your mowers from craigslist? One [...]

Six do’s and don’t for the start up lawn care business.

I can never get enough of good start up business advice. When ever the opportunity arises, I like to ask successful business owners to share some insight as to how they were able to cross that very difficult mine field from start up business to successful operation. The best answers are never quick two or [...]

Franchising your lawn care business? You better think.

Do you think you have a great business model? Is your model a lot better than others. Do you feel you need more money and resources in order to grow? If so maybe you have considered franchising your lawn care business. But before you go out and start trying to sign people up, you better [...]

GopherHaul Lawn Care Business School Now Open!

The GopherHaul Lawn Care Business School is now online.
If you look above along the brown bar header on the Gopher Forum, you will see a new section added to the forum. Our FREE online lawn care business school.
This FREE course the “Class 1 - Lawn Care Business Operator’s Certificate” is designed to give the new [...]