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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. Keep reading to learn how to dive in.
Lawn Care Business Management Tips
While lawn care may involve earning a few bucks here and there as a teenager, a lawn care business for commercial and residential properties can earn you real money. Starting any new business is difficult, but if you know the right steps to take, your lawn care business will do well.
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Gardening and landscaping is more than meets the eye – lawn care isn’t just about mowing the lawn. In fact, it is a much broader service.
If you are open to providing a service that people always need, then landscaping service is a great option.
Like any other industry, there are pros and cons to lawn care and landscaping. Before you jump into a new business, it’s important to have a complete picture of what’s in front of you, so you can make the most informed decision possible. Take a look at some pros and cons of the lawn care industry:
Before you jump into the process, you’ll need to gather some information so you’ll better know what your risks and areas of focus will be. When you complete your market research, there are some key questions to ask yourself to set your business up for success.
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You should focus equally on potential customers and competition in the area. There needs to be a healthy balance of both for your business to thrive and grow.
Once you have completed the necessary research, it is time to start planning things. As a startup, you’ll want to take the time to create a solid business plan to develop a thorough, thoughtful process.
If you know you will need funding, a well-structured business plan is the first step towards securing funding. Investors value businesses that have clearly put time and effort into creating their plans.
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When it comes time to secure funding, you’ll need to have a number in mind. This will show investors that you have done your research and allow you to match with the right investor. In the real estate industry, one of your biggest expenses will likely be the equipment you need to purchase to start your business.
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Once you have estimated how much your initial expenses will be, you will need to add everything together for a complete picture of the finances you need. Once you’ve completed that task, it’s time to look at financing options.
Due to the nature of the lawn care and landscaping business, it will be your choice whether or not you want to have a brick-and-mortar office for your lawn care company. You will probably need some type of facility where you store tools and where employees come to collect their tools for work. Your location may not be as important as other industries. However, it is important to choose the place where you want to do business.
You will choose the right business structure based on how financially dependent you want to be on your business and how you want to file taxes. Types of business buildings include:
A Limited Liability Company (LLC) is a business structure that is a combination of a sole proprietorship, corporation, and partnership. With this flexible structure, the business owner is a legal entity separate from the business, which dictates how to file taxes, conduct operations and conduct management. LLCs are generally a safe and manageable option.
A Step By Step Guide To Starting A Lawn Care Or Landscaping Business
An S corporation is a structure registered for federal corporate income tax exemption. This entity is slightly riskier than an LLC because the business owners are responsible for all income, as well as losses and tax return credits.
A sole proprietorship is a common business structure, but it is another risky option. A business owner is not legally separated from their business, which means they bear all of the financial risk of their business as part of their personal finances.
A partnership is two or more people who decide to share the ownership, profits and losses of their business. As with sole proprietorships, in a partnership, the business and the individual are one and the same. Financial gains and losses rest on the shoulders of business partners.
Your business name should reflect who or what your business serves, as well as something related to your brand. Whether it’s something simple like your last name or something creative and quirky, put some thought into it, as it will become part of your business identity.
Ultimate Guide To Starting A Lawn Care Business
For tax and legal purposes, you must register your business. You can act as an entity for state level protection, as a business for federal level protection, as a DBA if your state requires it or as a domain name to secure your online presence.
The federal and state governments all have unique requirements for how to complete this process. However, in order to operate your business legally, you need to obtain an employer identification number and business license. Stay up to date with information from the SBA, and research requirements for your state.
To provide more protection and create a separation between your personal finances and professional finances, you should create a business bank account. Having an official business account will also provide you with some purchasing power, as credit card companies will often increase the credit limits you need to purchase expensive equipment.
Now that you’ve completed all the paperwork and legal requirements, it’s time to hire employees and get the word out about your business. Raising awareness doesn’t have to be expensive, as you can create flyers to post in neighborhoods, create and maintain social media for free, and spread word-of-mouth through new customers and local businesses. A lawn care and landscaping business can be a sustainable and demanding business. While the initial costs may be daunting, they will be worth it in the long run.
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They are facing many challenges like finance, burnout and slowly building new customers. However, if you want to find success in your landscaping business, follow through with challenges because of why you started it, have a support system to depend on and trust in your research and business plan.
If you need more guidance on starting a new business, check out tips on starting your own business and more.
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How To Care For Your Lawn
Identity theft is common, but with the rise of AI and machine learning, its impact on the fintech industry has greatly diminished. Here’s how. As winter winds down, we’re all gearing up to spend time outside. However, Massachusetts’ cold temperatures may have taken a toll on your lawn—and now is the time to give it the TLC it needs. Welcome spring this year with these five important spring lawn care tips:
During the winter, debris may have accumulated on your lawn, such as fallen branches and unsightly leaves from the end of last season. Give your house a clean once in April and give it a proper cleaning. This includes keeping an eye out for dead or “low” grass. This dead grass can accumulate and create a home for insects and/or fungus growth.
Early spring is a good time to aerate specific areas of the lawn, which allows your grass to be oxygenated, or seed spots that are damaged by salt or snow removal. However, we generally recommend that Massachusetts homeowners wait until the Fall to properly weather and seal.
Harsh winters are hard on even the healthiest of lawns. All season long, your grass has been dormant and relies on fall food storage to survive.
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