Have you checked out the franchise or license business structures? ?Few opportunities are available for less than a $10 or $20K investment fee. ?However, there?s always the good and bad of most ?deals? regardless of whether they are licensed or franchised. ?Careful ?due diligence? is an imperative before you invest your money.
Another option is to buy an established business with a client base. ?Someone is always ready to sell their business, your challenge is to find the right size clientele at a fair price. ?Most sellers want a high price for their hard work building the business Vs the buyer who is usually looking for ?a cheap deal.
You?ll need a lawyer for legal counsel and an accountant to review the numbers. ?Be sure these 2 advisors are on YOUR expense account. ?Some things you cannot share, your Spouse and your legal/accounting counsel when ?buying yourself any business.
Actually, our title referring to Lawn Care may NOT fit your needs. ?You may prefer a restaurant, a coffee shop, a hardware store, dog grooming, etc. ?Going forward, our ?assumption? is that you are an ?outside? person who loves working with your hands and smarts, too.
With 23+ million people out of work it seems at least 10%+ of them have a pick-up truck pulling a lawn mower on a trailer. ?You are probably seeing the same thing happening in your own neighborhood. ?Many are cash only services for obvious reasons, no taxes.
Some folks discover that ?few? things are as promoted or ?pitched? to us. ?Your perception of the lawn care business may be too many hours and hard dirty work. ?Others are willing to give lawn care a fair trial if the opportunity presents itself.
In many cases, it?s simply not their ?cup of tea? or too much work for the low return. ?Usually, we discover the necessary equipment for lawn care services is NOT cheap. ?It takes a?professional size mower, weedeaters, blowers, trailer, pick-up truck, too. ?Your bare minimum to start your own lawn care service.
Expect to make an investment of anywhere from $10K to $50K out of pocket just to begin your new business. ?However, any business takes some capital to get started, then the hard work begins to get your clientele, people who will do business with you.
You have to THINK outside the box like marketing guru, Jay Abraham. ?Do things that others never even consider. ?Where are you going to get your customers? ?How are you going to contact them? ?Is there somebody ALREADY doing business with them?
Suddenly, a trigger kicks into your idea bank, right? ?How about a NON-competitor like a local realtor, HVAC firm, tree service, etc. ?HOA [Home-Owners-Associations] and more. ?Nobody has a ?lock? on future contracts and change is happening all the time.
Seek out a medium sized firm [$1 mil plus] already in the lawn care business that offers irrigation installations/services; landscaping; waterfalls; hardscapes, etc. ?Choose what you can do personally and then subcontract everything else for YOUR customers.
Protect your business with an agreement written by your legal counsel for sub-contractors and anyone you introduce to your customers. ?You might even seek out painters; concrete or brick layers; etc. that you are willing to add to your portfolio.
Business is about ?like, believe and trust? with your clientele. ?Once you establish a good relationship with customers, your goal is to grow your business as a quality, dependable service provider. ?Choose the low cost piece of the business and sub the rest.
You may even consider talking with an established business owner who may be willing to expand their services on your nickel. ?Call it a JV [Joint Venture] or license to operate your business on a shared profits basis under their banner [name recognition]. ?Something to think about if you?re serious about your own home based business.
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