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If you are ready to start a business and have a passion for landscaping, a lawn care business may be for you. Read on to learn how to scuba dive.
How To Start A Lawn Mowing Company
While lawn care is something you associate with making a few bucks here and there as a teenager, a reputable commercial and residential lawn care business can bring you real cash flow. Starting a new business is difficult, but if you know the right steps, your lawn care business is within reach.
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Lawn care and landscaping is more than it sounds – lawn care doesn’t end with mowing. In reality, it is a much more comprehensive service.
If you are willing to provide a service that people always need, landscaping is a good choice.
Like any other industry, there are pros and cons to lawn care and landscaping. Before starting any new business, it’s important to get a full picture of what’s ahead so you can make the best decision possible. Check out some pros and cons of the lawn care industry:
Before starting the process, gather information so you can better understand what your risks and focus areas are. When completing market research, there are some key questions to ask in order to set your business up for success.
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You should focus equally on potential customers and competition in the area. There must be a healthy balance between the two in order for your business to thrive and grow.
Once you’ve completed the necessary research, it’s time to start planning. As a startup entrepreneur, you should take the time to create a traditional business plan to encourage a thorough and thoughtful process.
If you know you need financing, the first step in obtaining financing is a well-structured business plan. Investors value companies that have clearly put time and effort into creating their plans.
There is one number to keep in mind when getting financing. This shows investors that you have done your research and allows you to find the right investor. In a landscaping business, one of your biggest expenses will likely be the equipment you need to purchase to start your business.
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Once you’ve estimated how much your startup costs will cost, you need to add it all up to get a full picture of the funding you need. Once that task is done, it’s time to look at funding opportunities.
Due to the nature of a lawn care and landscaping business, it is your choice whether or not you want a stationary office for your lawn care business. You probably need some space where you store equipment and where employees collect their tools for work. The location of your facility may not be as important as in other industries. However, it is important to choose the location where you want to do business.
You choose the right business structure based on how financially involved you want to be in your business and how you want to file taxes. The types of business structures are:
A limited liability company (LLC) is a business structure that is a combination of a sole proprietorship, a corporation, and a partnership. With this flexible structure, the business owner is a separate legal entity from the business that determines how to file payments, conduct operations, and manage management. LLCs are generally a safe and manageable option.
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An S Corp is a structure that is filed for federal corporate tax exemption. This corporation is slightly riskier than an LLC because the corporation’s shareholders are responsible for all income, losses, and tax credits.
A sole proprietorship is a common business structure, but it is still a somewhat risky option. A business owner is not legally separate from his business, meaning that he assumes all of the financial risks of his business as part of his personal finances.
A partnership is two or more people who decide to share the assets, profits and losses of their business. As in the case of a sole proprietorship, in a partnership the company and the individual are one and the same. Financial profit and loss rests with the business partners.
Your business name should reflect who or what your business serves and something that fits your brand. Whether it’s something simple like your last name or something creative and fun, think about it because it’s part of your company’s identity.
Pros And Cons Of Starting A Lawn Mowing Business
You need to register your business for tax and legal reasons. You can do this as a state-level protection entity, a federal-level protection trademark, a DBA if your state requires it, or a domain name for your online presence.
Both the federal and state governments have their own requirements for conducting this process. However, the employer’s identification number and business license are required for the legal operation of the company. Stay informed and research your state’s requirements using SBA information.
For more protection and to keep your personal and business finances separate, consider opening a commercial bank account. An official business account also gives you some purchasing power, as credit card companies often increase credit limits needed to purchase expensive equipment.
Now that you’ve taken care of all the paperwork and legal requirements, it’s time to hire people and get your business out there. Raising awareness doesn’t have to be expensive, as you can create flyers to put up in neighborhoods, create and manage social media for free, and spread word of mouth about new customers and local businesses. A lawn care and landscaping business can be a stable and in-demand business. While the initial cost may be daunting, it will be worth it in the long run.
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S face many challenges such as finances, burnout and slow acquisition of new customers. However, if you want to succeed in your landscaping business, overcome challenges by remembering why you started, having a support system to lean on, and trusting your research and business plan.
If you need more guidance on starting a new business, read advice on starting your own business and more.
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After 30 years in the lawnmower business, first as an independent, then building independent lawnmower chains, pushing lawnmowers, and building a national lawnmower franchise network, I’ve learned a thing or two. I have also listened to many lawn mower contractors and lawn mower franchise owners. There are two types of people who are attracted to this industry: those who think it is easy and those who value entering the sector more. In my experience, those who carefully prepare and approach their business development increase their chances of success tenfold. Those who thought it was easy often do not last.
The key to success in this industry is having a solid reason for choosing to mow your lawn. Many successful people I know say something like this. “I’ve always seen it” or “I’ve always wanted to quit my desk job and work outside” people who
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