I’m Drowning in DEBT & Buying NEW TRUCKS!

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  • Опубліковано 28 лис 2024

КОМЕНТАРІ • 218

  • @MikeAndes
    @MikeAndes  Рік тому +9

    Book your tickets for Landscape Summit at MikeAndes.com/summit

  • @Orefamilylawncare
    @Orefamilylawncare Рік тому +47

    He isn't hauling equipment big enough to justify a 3/4 ton truck for his business. A few older half ton trucks would pull those little standers around with zero issues and he could sell the trucks he has now and feel immediate relief from those truck payments. And he's getting a fantastic deal on his office space.

    • @CerretaniOutdoorsLLC
      @CerretaniOutdoorsLLC Рік тому +4

      Exactly!! Mowing lawns doesn’t justify a brand new truck
      If he Hardscaping and concrete which have bigger ticket prices he can swing those nicer trucks because it’s used and easier to pay off

    • @MattCupan
      @MattCupan 5 місяців тому

      They're doing roofing for dough. You don't make money cutting grass.

    • @KasparrTV
      @KasparrTV 2 місяці тому

      Selling the truck doesn’t just get rid of the payment lmao.

  • @tennesseesawmillguy1590
    @tennesseesawmillguy1590 Рік тому +76

    Been mowing accounts with $4000 trucks for twenty years.
    Our trailers cost more than the trucks.
    Work on route density and raise those prices.
    Right now is a great time to raise prices. People understand that prices are higher.

    • @entorid6902
      @entorid6902 Рік тому

      yes and have truck thats just as cheap as its possible, just gets the job done.

    • @Gruerradetitaneslopez13
      @Gruerradetitaneslopez13 Рік тому +2

      If you been mowing for 20 years and running beat down truck your probably not making any money.
      I have been running my business for 10 years we only service high end weekly mowing clients
      and also do weed control and fertilization we run brand new trucks we can pay off a $80,000 truck in one week it’s all about prices and profit some of them new guy’s buying brand new truck just to look good but they charge to cheap. Or don’t know how to charge

    • @entorid6902
      @entorid6902 Рік тому +9

      @@Gruerradetitaneslopez13 I never said beat down trucks, but why spent extra money for brand new when you can get used, dont pay interest, and get it way cheaper. And idk making 80k/week profit sounds a like bs not gonna lie

    • @SeanKingeryHomes
      @SeanKingeryHomes Рік тому +8

      80k a week profit in the landscaping business?? Surely that's a typo, unless your mowing and robbing your clients houses lol

    • @TYKLE82
      @TYKLE82 Рік тому +4

      @@Gruerradetitaneslopez13how many lawn companies are profiting 4 million plus a year ?

  • @unalex6123
    @unalex6123 Рік тому +16

    Holy Moly, i know everything happens for a reason but maaan. This video showed up in my recommendations 2 hours after i had an emergency meeting regarding our failing business . Thank you so much for this valuable information and opening my eyes guys!

    • @Chicken.
      @Chicken. 2 місяці тому

      Did you turn it around?

  • @landmarkcreations1183
    @landmarkcreations1183 Рік тому +50

    I’m in the fencing industry but I have learned so much from this channel. Thanks to Mike and his team!

    • @MikeAndes
      @MikeAndes  Рік тому +9

      Next month we have a roofing company doing a turnaround ✅👍🏻

    • @NoahDevine91
      @NoahDevine91 Рік тому

      It’s incredible what he did from cutting lawns and setting up great SOP

    • @bushandoj6487
      @bushandoj6487 Рік тому +2

      You should Post fence installation videos or do day in the life

  • @TheWillKelly
    @TheWillKelly Рік тому +27

    4L Mindset is GOLD. Thank you for sharing this QUALITY content with us.

  • @drewslawncare1913
    @drewslawncare1913 Рік тому +12

    I'm 14 Mike and you've helped me out a lot I'm turning 15 in 2 months and I've got more then enough money to buy a nice first car in cash, and continue to grow my business.

    • @joec6804
      @joec6804 Рік тому

      Great job Drew! Keep it up.

  • @luispatino3180
    @luispatino3180 Рік тому +33

    Raise pricing reduce route density and sell off unnecessary equipment. Once you have a healthy profit margin then consider expanding

    • @kodypilger
      @kodypilger Рік тому +2

      He will want to increase route density, not decrease.

    • @jamiepippin3892
      @jamiepippin3892 Рік тому

      I don’t think that’s what he meant. He doesn’t use commas.

    • @davidwooten3430
      @davidwooten3430 3 місяці тому

      Raising prices on the original customers would be a good move. Even if a few drop off you will likely make at least the same money on less labor. If you’re doing quality work most will understand an occasional need to raise prices due to inflation.

  • @tristram0073
    @tristram0073 8 місяців тому +6

    Dang man why’d you have to roast Shreveport like that at the start of the video hahaa

  • @FrankJGarcia_94
    @FrankJGarcia_94 Рік тому +12

    Hey Mike
    Several months ago I called into your live show and talked about what it would take to go full time. Well i did and it was the best decision i could have done, not only for myself, but for the business and family. Just want to give you a big thanks for the push to jump ship. without that call i would still be stuck at an IT job i hated. be more than happy to talk about it anytime if the opportunity arose.

  • @anthonycook9803
    @anthonycook9803 Рік тому +12

    We went from $65/man hour to $90/man hour mowing and Fall leaf blowing or leaf mulching with our Toro mulching system on Grandstand and weeding,(m120/man hour to prune shrubs bcuz this takes more knowledge and proper plant identification, $ $130/ cubic yard dyed brown mulch installed with edging and prep extra at $90/man hour, $150-$175/man hour for installing plants and gravel mulches, landscape work as that takes even more know how on what to plant where(I feel like that is still cheap tho but with 3 guys working an 8 hour day installing plants = $3,600/day(minus paying each guy $50/hour) , probably cheap but I feel blessed to be making that type profit. I pay my guys 1/3 of my hourly rate per job type.

    • @schopscapelawncare9763
      @schopscapelawncare9763 8 місяців тому +1

      Wait you pay your guys $50 per hour? Legitimately?

    • @schopscapelawncare9763
      @schopscapelawncare9763 8 місяців тому

      Not trying to be rude just curious

    • @anthonycook9803
      @anthonycook9803 8 місяців тому +3

      Yes, I pay main guy(driver) of the team 1/3 of which we service they are performing per hour, the second person( learning helper) makes 1/3rd of minus $5-10 per hour as they learn to become the driver of their own 2man crew truck. Employee retention is main goal, so we want to pay for the best work ethic so we can charge for it. I want them to make so much that they are afraid to lose their job, lol. I want the client to see them hustle like they are scared to lose their job, lol. That’s how I work so it’s good they work this way as well. Now we all ‘have skin in the the game’ so to speak. We do grow slowly bcuz we focus to only high end properties, we still have clients from 22 years ago. We only lose them if they move, very blessed. ​@@schopscapelawncare9763

    • @janetwolski1607
      @janetwolski1607 7 місяців тому

      ​@anthonycook9803 bingo that's exactly what I've been doing for 30 yrs now and the first 12 yrs I was afraid of losing clients..well we r at 100- 175 with knowledge of lawn ferts etc like I said!!!u r genius/* I have 7 trucks 6 trailers a shop I rent for 2000 month and legit insurance .payroll workman's comp..and I have 35,000 worth of debt from buying a new fert machine and a aerator..where do.u live..u r inspiring!!!!thank u !Janet from.wisconsin

  • @valsilva7833
    @valsilva7833 Рік тому +11

    Thank you for taking time from your preparation for your key notes to upload this

    • @MikeAndes
      @MikeAndes  Рік тому +2

      Media team gets the credit for the high quality 💪🏻

  • @NoahDevine91
    @NoahDevine91 Рік тому +10

    That’s so awesome Mike with how many people you help with your experience and expertise. Can’t wait to see your next videos and eventually your follow up with the OX TEAM

  • @luismeda3142
    @luismeda3142 Рік тому +14

    Hey Mike, In need of some help. My father passed away August 23rd and he ran a landscape company (Meda Landscape) for over 25+ years out here in Ramona, CA. I only have 5 years of experience just not experienced nor did my dad really teach me that stuff since we never expected anything to ever happen to him. I’m 21 years old and it’s just been stressful trying to figure out why my fathers business is always stuck at the same “capital”. We have 4 workers 2 maintenance workers and 2 project workers. Some weeks it’s a struggle to pay them where I take money out of my own “profit”. If you could reach out I really would appreciate it my goal here is to make my fathers company well known around San Diego as we already have a strong amount of clients in our town.

    • @scrapmanindustries
      @scrapmanindustries Рік тому +4

      Hey man I’m no expert and don’t personally know you or your situation but I am also a younger business owner with only a few years in and no college education. I would say that step one if you haven’t done so already would be to figure out all your costs. If your mowing lawns most of that is usually a flat rate bid. Well how much does it cost you to mow a 1/3 acre yard with not too many obstacles? How much does it cost you to mow a 2 acre yard that has tons of obstacles? If you don’t know you need to figure it out. I started a welding business and then accidentally got into tree work as well and for like the first 2.5 years I could not actually tell you how much it would cost me per hour to weld your landscape trailer back together. I had to sit down and figure it out. Since you have employees separate your personal expenses from your business expenses. If you are the only employee than there can be some co-mingling there but try your best to separate it out. I would figure out your personal expenses first because that will be needed to figure out your labor rates. Then figure out all your business expenses remember to pay yourself. If you are running old equipmentfigure out how much it would cost to take out a loan on new equipment of a similar capability and also add that in there because your old equipment will not last forever and if you don’t charge to replace something you’ll be stuck with digging into your personal pocket to replace it. Once you figure out how much it costs to work for the month pro rate that into how much per hour or day it costs for the amount of hours or days you want to work. For example I was charging $75/hr to weld on-site. Once I figured up my expenses I found that in order to sustain what I was doing I would have to work 85 billable hours a week. Well even on weeks where I am productive most times I only can achieve 34 billable hours a week. (Doing the mobile welding, tree work I can do 100 hours a week easy). So now I have less hours per week but need to hit the same monthly target. The only thing you can do is raise your price per hour. If that helps. Also another thing is if your expenses are really high compared to what you think they should be figure out why and what you can do to fix that. If it can not be fixed how come up with a justifiable reason why you are more expensive that the other guys. For example I was renting lifts for the tree work only when I needed to. In one year I had 31 days of use on rented lifts. That added up to $11k in direct costs not including buying extra climbing gear or spending hours to climb a tree that would be on the ground in 30 minutes with a lift. Or the lost production traveling 30 miles away to pick up the rental. So I bought my own lift which was really scary but I could not get ahead without eliminating that waste of renting them. Hope this helps you and your situation. My experience and problems may not be what’s keeping you in your problems but maybe it can help someone.

    • @scrapmanindustries
      @scrapmanindustries Рік тому +5

      Another tid bit of information I can give you is pay attention to your competition but don’t let them intimidate you. I learned this back in my scrap metal days. I was cruising around picking curbside metals on trash night in my tiny little pick up. Another guy was going around in his full size truck with “scrap racks”. I saw him he saw me. He did everything he could to get in front of me so he could be the first one down the roads, he was speeding blowing stop signs passing me in no pass zones everything he could to get there first because I was an intimidating presence to him. Me on the other hand payed no mind to how he was working and I just did my own thing at my own pace. While he was blowing by all the small stuff to get to the big stuff before me I stopped at everything small or big. He had a dishwasher and an empty filing cabinet and a small brass cymbal at the end of the night. I had a truck overflowing with all kinds of stuff stopped for a curtain rod and someone saw me and offered a riding mower for free. Even though I had no room in the bed I tossed that thing as high as I could and strapped her down. The only reason I did so well that night is because I wasn’t intimidated by the other guy. Fast forward a few years and there’s a welder down the road charging $50/hr. Like I stated earlier I can’t even make it on $75/hr. I could be intimidated and try to do what he’s doing or I can stop think for a second and realize that he is still living with his parents and has a shop on his parents land. Obviously if he moved out on his own he would have to charge more or get evicted. Other guys have super huge service trucks set up a certain way, I do not. They are doing different stuff than me and have contracts with various companies that allow them to have that set up. I do different work and don’t have great contracts at the moment. The truck will not get me those contracts so should I buy it just to be set up like the other guys?

    • @-clif1987
      @-clif1987 5 місяців тому

      I do construction. This is good advice for any business.

  • @seanslawns
    @seanslawns Рік тому +5

    Mikeeeeee, you go buddy. Proud of you, you definitely put in some work.

  • @bennypacheco9064
    @bennypacheco9064 Рік тому +1

    My parents have a duo partnership my mom takes care of light equipment like lawn mowers, ride on fertilizer, rakes, shovels, generators, and etc. the heavy equipment is purchased by my dad like the skid loader, mini excavator, mini track loader, dump trailers, and etc their shop is litterally their house with a lot next door in Michigan their equipment is all paid off their house is paid off. They do both go half and half on the vehicles they have a 2 heavy duty trucks and one dump truck. We always try to go cash and always try to look for the most reasonable priced used equipment we also try to negotiate if we can before buying it.

    • @alienapks
      @alienapks 2 місяці тому

      Correct. I also believe in good deals, new is not always good.

  • @JC_LawnCareRVA
    @JC_LawnCareRVA Рік тому

    I'm only a teenager, can't even drive and I love learning from your videos and gaining information. Especially when I'm doing schoolwork.

  • @vadillo1
    @vadillo1 9 місяців тому +5

    If I hire a company to cut my grass and they show up in that nice of a truck, my first thought (right or wrong) is that I'm paying too much for the service. Makes no sense to pull a lawn mower in a 80-100K truck.

    • @gabrielhoxie346
      @gabrielhoxie346 Місяць тому

      I disagree. Nice Truck means to me the business is doing well.

    • @akllls617
      @akllls617 14 днів тому

      That makes no sense unless they are charging double the price of other people

  • @greglinarelli9401
    @greglinarelli9401 Рік тому +6

    Some small business are not posting the auto loans correctly; could show more or less debt the B&L . The owners could be pulling to much monies from the business leaving them low on capital for things that need to be done.

  • @JNHEscapes
    @JNHEscapes 11 місяців тому +1

    I’m not seeing or hearing much wrong here. He’s doing a great job and understands the situation. Capital allocation needs help and he definitely needs to rethink vehicles, but in today’s world that creates maintenance and other issues and trucks running on the road is more profitable than in the shop getting fixed. Also, I believe this is a branding and marketing problem (and I typically hate marketing). But his name does not provide the public with enough information. Wrap the trucks, change the name, find a color and brand and stick with it. With some small back office changes, controlling the capex and rebranding he could take off. He has the core knowledge. I’d be an investor!

  • @urbanrootslandscaping3874
    @urbanrootslandscaping3874 Рік тому +5

    Great video Mike and media team.

  • @Lawn-Stewards
    @Lawn-Stewards Рік тому +3

    I didn't think it was a big deal.. you still hammered the point home that they needed capital. Loved the video as usual ❤

  • @vendingservices8900
    @vendingservices8900 Рік тому +5

    We started in February. Doing just over 100k this year (for exterior cleaning). Next year I’m looking to get out of field in February, promote my tech assistant to tech lead, do 240k ($1200/day) with 2 guys. Year 3 is hire another crew of 2, do another 240k, as well as possibly a part time office worker. Year 4, I would like to double again. Do 960k with 4 trucks (8 technicians) promote one of my lead techs to a production manager, full time office worker, maybe a sales guy? I want my role in the business to be full time sales guy, marketing, and hiring.

    • @Tannerbaker3331
      @Tannerbaker3331 Рік тому +1

      Trying to get out of field way too soon. 100k is baby numbers. I think I spent that last year on mowers. Best of luck to you though.

    • @vendingservices8900
      @vendingservices8900 Рік тому +1

      @@Tannerbaker3331 Exterior cleaning is a lot different. A lot of first time clients. Not much reoccurring. To do $1500/day, I have to do 6 bids a day. Our average job size is $500, with a 50% closing rate. I can’t do that while on the truck.

    • @vendingservices8900
      @vendingservices8900 Рік тому

      @@Tannerbaker3331 I feel like there has to be a better way to run my business where I’m not having to drive out to as many quotes. Literally sounds so excessive.

    • @raycleaningsolutions
      @raycleaningsolutions Рік тому +1

      @@vendingservices8900in person quotes is the best way to close deals.
      A truck should make at LEAST 250k a year. I wouldn’t start hiring crews till you hit bigger number on your truck with a helper.

    • @kylecrisman9230
      @kylecrisman9230 Рік тому +2

      @@raycleaningsolutionsIv been washing for 8 years. Guarantee you this guy started because of Cody and thinks by the second year he’ll make 2.4 million. Iv seen it all in the wash business they come and they go

  • @garrettmawalls9734
    @garrettmawalls9734 Рік тому +7

    That’s one of my competitors. It’s crazy Mike was in shreveport

  • @rontopping2048
    @rontopping2048 Рік тому +2

    Need full service clients across the board . Spring cleanup, mulch , pruning, irrigation service, fall cleanup . Dump the mowing only accounts. Condensed route. Sell landscaping projects , hardscaping. Mowing is not very profitable but brings in other services.

    • @pepsilove6306
      @pepsilove6306 11 місяців тому +1

      thats if the client base can even support it, next 5 towns in every direction of me are so broke full service isnt a option for them. lawncare is a "so the city doesnt fine me into oblivion" task and no one has pride in their property unfortunately. I ended up adjusting my business to the client base and gave up on all that jazz, I do violation cuts now and yard recoveries mostly for the city. City contract nets me pretty good money to mow gnarly yards.

  • @Rwinnett2012
    @Rwinnett2012 Рік тому +2

    Simple thing to help him now is sell at least 1 truck and another F150 like they have for 5-10K. That will take $1250 a month off the table each month and give some breathing room. Even better, sell both. Buy 2 used trucks for $25K in debt and free up almost $2K a month.

  • @johawt1
    @johawt1 7 місяців тому

    These guys deserve success. Keep grinding. Keep thay overhead low and quality up.

  • @jeanalexandre1105
    @jeanalexandre1105 Рік тому +41

    He should consider dropping. Customers that are too far from his service area.

    • @JNHEscapes
      @JNHEscapes 11 місяців тому +4

      I often hear this and my own brother and his company refuses to go very far. I was the opposite and would take any customer anywhere and some of my absolute best clients are nearly 5 HOURS away. It’s situation and never say never in business. When you start limiting yourself you limit revenue and profit. Find a way is the plight of the small businessman.

    • @johnvigniero450
      @johnvigniero450 9 місяців тому +1

      Worth analyzing whether it is worth it. Less can be more, efficiency which creates more effectiveness. If they are beyond your radius sub contracting those jobs would still bring in revenue while not over extending.

    • @edwardb911
      @edwardb911 8 місяців тому

      @@JNHEscapes5hours away ahahahahh so a 10hr shift driving nice for one lawn hahahahaha

    • @JNHEscapes
      @JNHEscapes 8 місяців тому +2

      @@edwardb911 Jesus, you’re really shortsighted. Do you honestly believe I meant 5 hours for a single residential lawn? That just shows everyone how you will never “get it”…yeah bud, I meant 5 hours one way for $40 makes perfect sense.

    • @janetwolski1607
      @janetwolski1607 7 місяців тому

      5 HOURS?? dont u mean 5 or 15 min away?​@@JNHEscapes

  • @vendingservices8900
    @vendingservices8900 Рік тому +6

    List of bottlenecks is awesome. I feel like I’ve experienced all of them just in my first year.

  • @BRANTLEYDAVIS-zx8bc
    @BRANTLEYDAVIS-zx8bc 8 місяців тому +1

    they mow my highschool pretty cool

  • @greghenner4978
    @greghenner4978 Рік тому +1

    My business would have a bunch of 1990 trucks with new motors and transmissions, the insurance is 1/5th the price of a newer truck. Bunch of older trailer with new bearings and paint.

    • @stevethomas5209
      @stevethomas5209 Рік тому +1

      That's it, keep it simple. Going into dept w the prices of the new trucks is whats causing financial stress on these businesses. It's much cheaper to run the older trucks and just keep up on the maintenance. But I know everyone wants to look ( bouji rich) but it's been my experience to present my business as hard working and humble instead of flashey that way your customer won't feel like he's paying for your flashey new trucks you maintain customer retention and build that way always pointing out to your customers that you run lean to save them money too. And the guy w the flashey expensive trucks are costing them ( your customers) in higher invoice billing totals.

    • @pepsilove6306
      @pepsilove6306 11 місяців тому

      @@stevethomas5209 this and more this, our business motto has always been "Family owned, family operated" and we use a fleet of minivans instead of trucks, our main flagship is a lifted 2003 toyota sienna with a cargo rack on it, trimmer racks mounted on the sides of the cargo rack, sure cans up in the cargo rack with a fill hose to gravity fill the equipment with gas, a lil tractor supply store trailer houses my zero turn behind the minivan, ppl think its unique and hilarious set up and generates alot of leads passively just from how many heads it turns while out n about.

  • @alienapks
    @alienapks 2 місяці тому

    There are alot of former police big tracks at auctions going for as low as $3500. This should work well and the CEOs can have the newer tracks

  • @jdwar11
    @jdwar11 7 місяців тому

    I got into a $24 surge zone and never got another offer for over 3 hours and I had to go offline and come back online ending the surge and I had an offer within 10 seconds of going back online. I left Uber running and worked Lyft rides with an $8 bonus per ride during one hour and a $6 bonus per ride for another hour

  • @axpro47
    @axpro47 Рік тому +3

    Hey, thanks for awesome videos!

  • @stevehughes7224
    @stevehughes7224 Рік тому +3

    Makes absolute sense

  • @romleyhardy5691
    @romleyhardy5691 Рік тому +1

    I very much appreciate your videos. The amount of knowledge and insight gained is priceless. Thank you for putting this type of content out. It really helps with what I need to learn.

  • @Carpediem22568
    @Carpediem22568 Рік тому +1

    Sir , I am moving to Canada Vancouver in January intake as an international student from INDIA , And I know trimming , mowing good .
    Can I start a job with a lawn care company.
    And also please tell me that should I continue with lawn care or should I also learn landscaping.

  • @Pure_KodiakWILD_Power
    @Pure_KodiakWILD_Power Рік тому +5

    Hopefully they don't rebrand..... oh, I take it they're not a franchisee....Ox is a good company name 💪🏽

  • @chadjelliston5652
    @chadjelliston5652 2 місяці тому

    These guys will do well. You can see it. Great video. Keep the trimmer side down boy$$$$$$$$

  • @davidwooten3430
    @davidwooten3430 3 місяці тому

    In any business you should always try to avoid debt. If your in a structure you do business from that is an asset that is may be worth paying interest on. If you can build capital to buy the other items as you go it will keep the cash you make working for you. If you give it to a bank in interest you lose spending power and have to work that much harder to overcome the interest expense. All that to say get cash trucks and set up an account for equipment expenses as you go so mowers can be cash purchases as equipment wears out

  • @TT-ik3kd
    @TT-ik3kd Рік тому +3

    Nothing wrong with new trucks if you can afford them. Problem is they use the $ they could use to grow to buy vehicles. Notice mikes branding vs his Augusta spends more on branding they spend more on new equipment, no brainer who will get more work.

  • @IdbaCo.
    @IdbaCo. Рік тому +5

    Amazing content Mr love it👌

  • @Jbmc65
    @Jbmc65 7 місяців тому +1

    I could see the F-350 if they were in Wisconsin or NY. That was the truck would have a snow blade on it. But this truck is just over kill in LA

  • @DavidMartinie
    @DavidMartinie Рік тому +3

    New trucks are nice. But a bit of wisdom for yourself. The new stuff is built to brake, and forces the customer into another purchase or costly repairs. The electronics, the fail much sooner now. Sensors are not made as well. You are better off finding decent older trucks, with less fancy electronics, and rebuilding them to new. If you shop the right places like Amazon and other cheap places, you can totally rebuild a 1991-1999 at a reasonable price and stand less chance of failures down the road. Next, consider military grade trucks with much beefier components. I'm sorry, but today's automobile is built to brake, so the customer has to make another purchase, or pay a hefty price for repairs. I've seen New 2022 and 2023 trucks with leaks, and all kinds of issues do to supply issues, bad assembly at factories do to sabotage by employees who hate certain automobiles, and disgruntled employees who sabotage vehicles do to low pay, demanded overtime, and even having to work. It's your choice, but new automobiles, no matter the brand, Ford, Chevy, dodge ect. It's a chance you take buying anything new in this world of hire anyone who will work for a cheap hourly price. Not to mention the fact of shortages of laborers. Just my wisdom passed to you. Just go to a dealer and see the new vehicles coming in for repairs will shock you.

  • @bobc8694
    @bobc8694 7 місяців тому

    Sorry to say but in my line of work the hardest part of growth is finding good reliable employees... and that's the toughest thing to do and find to hold you back in growth..

  • @bdskater121
    @bdskater121 Рік тому +3

    Great video, thanks

  • @tylerwinkowitsch1134
    @tylerwinkowitsch1134 Рік тому +3

    Wish I can get a shop for that. Be 4500 a month to rent in my area

    • @Unknown_Ooh
      @Unknown_Ooh 9 місяців тому

      It's rural Louisiana everything is pretty cheap down there and people are used to cheap prices which is part of the problem why he can't raise prices to meet his growing overhead.

  • @Sembrandolasemilla777
    @Sembrandolasemilla777 Рік тому

    This was my 2nd year full time, had a business partner, this 2023 my main goal was to grow and we made it to having 7 guys, 2 crews which prevented me from being on the field, he’s a really hard worker and completed the work efficiently as I took care of the Estimating, accounting etc. so he started feeling that I was just sitting around at home doing nothing as they were working, as I was out doing estimates daily and sometimes got home later then them to keep them busy with work only to come work at home as well figuring landscaping project materials needed etc. so now I just kept two guys but with no leadership, they won’t pick up a shovel if I don’t tell them to, I feel obligated to be out I’m the field with them and have NO PROBLEM with that at all but this coming year I have the same goal in mind- TO GROW, not only in size but profitability. I’ve been thinking of hiring an office person to take care of the accounting and customer service and take some weight off my shoulders and just be out on the field with the guys. Any advice would be appreciated.

  • @markcornish6393
    @markcornish6393 Рік тому +3

    I will never understand why people spend so much money on giant brand new F-250 and F-350's when a smaller truck can easily tow what they need to tow. So much money wasted, why? Ego? To look cooler?

    • @pepsilove6306
      @pepsilove6306 11 місяців тому

      I know in my area alot of lawncare fellas that end up failing fall into the giant new truck trap because they think they gonna plow snow and need to pull a dump bed trailer loaded with pea gravel and mulch all the time, and then find out, our area broke as a joke n the only reason anyone for the next 5 towns over mows is cause the city will fine em if they dont, and then find out business model was unsurvivable due to the client base and we havnt had a snow event in the last 5 years that even warrent putting the plow on the truck that winter.

  • @Yourgirlymaria
    @Yourgirlymaria Рік тому +1

    Do you have any videos talking about hardscape business

  • @johnblount1347
    @johnblount1347 Рік тому +1

    Would love to see an update on this story!

  • @YoolSea
    @YoolSea Рік тому

    Mike, do you have any free info about starting a lawn business in another state, before you actually relocate? I couldnt find this discussed on any of your channels

  • @suuuuuuupreme
    @suuuuuuupreme Рік тому +10

    Lying to mike is like lying to your doctor!

  • @miklomorales4768
    @miklomorales4768 11 місяців тому +1

    Only 80 residential and 15 commerical is crazy....i seen like 6+ zero turns...... How any why

    • @pepsilove6306
      @pepsilove6306 11 місяців тому

      thats what i was thinking, for the sheer amount of equipment they got, and for only 80 residentials i was like.........I mow 70 yards on my own a week 14 a day 5 days a week and only got 1 truck, and 2 zero turns, ones a back up incase one breaks down. that many zero turns and trucks......those better be some HUGE yards

  • @preacherizze4771
    @preacherizze4771 Рік тому

    Love the soundtrack btw, definitely added to the episode.

  • @CarlosMartinez-fr4it
    @CarlosMartinez-fr4it Рік тому +1

    2002 4x2 f150 . Thing is indestructible, repairs are cheap, only cost me 4k.

  • @trentneville2273
    @trentneville2273 Рік тому +3

    Great video

  • @intelligentinsights8991
    @intelligentinsights8991 Рік тому +1

    Hey can I do mulch jobs without having a pesticide applicators license? Apparently it takes 2 years experience to get it

    • @pepsilove6306
      @pepsilove6306 11 місяців тому

      might depend on the state, but in my state mulch dont require any licenses. you dont even need a applicator license to do pellet or grain ferts, its once you start spraying that you need it. but again thats in my state

  • @stkrrauch1
    @stkrrauch1 Рік тому +2

    by the time you left his shop his bank account was probably down to 3000$/those trucks are taking half of the liquidity up

  • @WisconsinDIYGuy
    @WisconsinDIYGuy Рік тому

    I don't hire companies that pull up in overly expensive decked out trucks. I've seen some over the top landscaping trucks with lift kits, suspension s, huge tires, etc. I have no need to be paying their monthly truck payment. Pro outfits show up vehicles suited for the task and no more.

  • @honorvalor
    @honorvalor Рік тому +3

    these are gold

  • @chriswhite9363
    @chriswhite9363 Рік тому +3

    Alright Mike I won't get a brand new truck I'm going used all the way ❤👍

  • @supersurgelawncare
    @supersurgelawncare Рік тому +4

    Sell both trucks get Two not so nice paid off trucks that frees 2500$ a month

  • @cc-tb3st
    @cc-tb3st 6 місяців тому

    Everybody thinks a mission statement is just a bunch of fancy words on paper your fancier and more caring emission statement but better than the company is. The reality is emissions statement needs to be verifiable it needs to measurable. It doesn't matter how fancy or caring freely words are just do you actually appeals in emissions statement and what are you doing to affect the business in order to achieve the mission statement

  • @pjsites1985
    @pjsites1985 Рік тому +1

    Really enjoying these style of videos. Reminds me of kitchen nightmares or bar rescue. Thank you for the content

  • @John24Z
    @John24Z Рік тому +1

    Señor Mike,
    Opening up LLC this month, getting rid of truck to free up cash flow, and looking to set up website through your web design.
    Is there a range of google reviews that you’d recommend having before getting started?
    Looking to rank well through google, as that’s where I believe most leads are possible for my area.

  • @nick-yk8jn
    @nick-yk8jn Рік тому +2

    Hey mike, for most of your locations why dont you get 36in standon mowers with bagging units? Instead of having the slow 30in mowers which makes your team members more tired at the end of the day?

    • @MikeAndes
      @MikeAndes  Рік тому

      Most locations do have zero turns. 5 out of my 7 locations do

  • @Gruerradetitaneslopez13
    @Gruerradetitaneslopez13 Рік тому +2

    I own 5 weed control company’s in the up state South Carolina we also service Augusta Georgia
    seen Augusta lawn care truck in Augusta Georgia I would like buy in to a franchise weed control side if you ever decide to add it
    I would like to expand into Wilmington North Carolina

  • @chriswhite9363
    @chriswhite9363 Рік тому +1

    Hell yeah you have to look good riding

  • @csuiteunfiltered
    @csuiteunfiltered Рік тому +3

    This video was AWESOME! Packed with practical advice. Shout out the Media team for the amazing edits! 👨🏻‍🍳🤌🏻

  • @seanslawns
    @seanslawns Рік тому +3

    I’d hate for you to see my truck, you just made me want to sell it haha.

    • @MikeAndes
      @MikeAndes  Рік тому

      😂😂 mission accomplished 🔥🤷‍♂️ jk

    • @CerretaniOutdoorsLLC
      @CerretaniOutdoorsLLC Рік тому

      Just blast out a couple bigger installs every month, easier to pay the truck every month if you can do some higher ticket jobs that you specialize in that you can make a good profit and pay the truck in a day or two of work
      Concrete or hardscaping?
      I’m in southern New Hampshire/ boston if you want to come learn some concrete great money( it’s a niche in my area so I can charge whatever)

  • @jrob4204
    @jrob4204 Рік тому +1

    I’m in lawn care get paid 10-99 for the last year. What you mean it’s all good and what not till you get caught. Should I be telling my boss i need something else

    • @thewhiteknight02
      @thewhiteknight02 Рік тому

      The boss isn’t paying his share of taxes for you. Your are in one lump some. And no workman’s comp if you get hurt.

    • @jrob4204
      @jrob4204 Рік тому

      @@thewhiteknight02 appreciate you taking the time to explain.

    • @lows6427
      @lows6427 Рік тому

      @@jrob4204Your boss is doing it the cheapest way possible on his end where everything is in his favor not his employee. Now lots of new businesses start that way in the beginning to get things started but after there established they should change.

    • @pepsilove6306
      @pepsilove6306 11 місяців тому

      @@jrob4204 plus depending on how shady your boss is, if you shoot out a clients baywindow on accident with the edger or mower, he can claim you're a subcontractor cause your 1099 and pin the cost to fix it on you instead of using his own liability insurance. I seen that happen to a young guy in my area and lord have mercy did it cause alot of stink on all the local social media group pages.

  • @samueljimenez6289
    @samueljimenez6289 Рік тому

    Wow your were at Shreveport !! Have you visited Y’all’s Agusta franchise of Longview ?

  • @rjchiedog
    @rjchiedog 8 місяців тому +1

    not far before the 200 thousand dollar f150

  • @USDOTATF
    @USDOTATF Рік тому +2

    You ask this guy a simple question and he always gives a whole rigmarole. What’s the color of the sky? All well the way the sun is bouncing off the light and the cloud…. …. ….. blue ish hue.

  • @nolifemowlifelawnmaintenan4347
    @nolifemowlifelawnmaintenan4347 10 місяців тому

    Mike is very smart!

  • @isaacartavia6278
    @isaacartavia6278 Рік тому +2

    Hey Mike, how much would it cost for you to come and take a look at my business?

    • @MikeAndes
      @MikeAndes  Рік тому +2

      We are currently taking applications, go to mikeandes.com/turnaround to apply. It is free of charge if accepted 👍🏼

    • @isaacartavia6278
      @isaacartavia6278 Рік тому +1

      @@MikeAndes thanks

  • @dustinn1853
    @dustinn1853 9 місяців тому

    From a man to men, I've been in this guy's shoes. You don't know how to stop growing and that's where those brothers are struggling. The mindsets there, the work ethic is there, for the most part the business model is there other than controlling capital in profitability, but these guys don't know when to stop growing for a bit. I hope they figured this part out to just streamline, because I know what it's like.

  • @robertbader2915
    @robertbader2915 4 місяці тому

    Those Trucks were a big mistake. Should have worst case taken loan and bought used ones. Buy the trucks once you've made the money. I'm selling firewood next year and building stock right now. I want a nice new truck, but I have a 13 year old that can still use to make dump trailer full cord deliveries. Goal is to sell $60k in firewood for the truck in the first two years. Log splitter and chainsaw already funded by me.

  • @dennisoestermann1880
    @dennisoestermann1880 4 місяці тому

    You can choose 2 things, Cheap, Quick, Quality. You can't have all 3...

  • @captainslogstarshipenterpr9122

    I can count on one hand the number of contracts we lost in past 2 years. They must be doing something wrong if they can't look after existing customers?

  • @michaelCarydakis
    @michaelCarydakis Рік тому +1

    this is most labor type business issues i believe working for yourself marketing new leads is needed for sure without new leads its will stall and attrition begins slowly buy a franchise like augusta let them do the leads and marketing its less dollars to they do the work

    • @cleancutslawncare
      @cleancutslawncare Рік тому

      Augusta don’t pay the franchise’s advertising fees. One of the franchise’s was talking about it.

    • @oscarreyes9133
      @oscarreyes9133 Рік тому

      @@cleancutslawncareyeah you as a franchisee have to pay for the leads

    • @cleancutslawncare
      @cleancutslawncare Рік тому

      @@oscarreyes9133 exactly

  • @dheadhunter413
    @dheadhunter413 8 місяців тому

    How do you raise your prices to make extra profit when your extra profit goes directly to economic inflation? I see business owners raising their prices bc of economic inflation all the time but rarely is that table turned

  • @johnathanb742
    @johnathanb742 Рік тому +1

    You said you didnt turn a profit for 4 years or take any money out of the business when you started. Sorry for the dumb question, but does that mean you didn't pay yourself? Trying to figure this out to see if this would be right for me but want to make sure I would make enough out of the business to at least cover my families monthly expenses. Thank you

    • @LM2.S54
      @LM2.S54 Рік тому +1

      your wage should never come from profit that is just what the business keeps at the end of the year after everything is paid. your wage needs to be included in your overhead/expenses. most new businesses don't profit for a while until you've built it up enough.

  • @eduardtkachuk4347
    @eduardtkachuk4347 Рік тому +2

    Why w-2 instead of 1099?

    • @MikeAndes
      @MikeAndes  Рік тому +2

      Most employees in the home service industries are required to be W-2 and pay taxes/withholding from employee. If you tell them when to work, provide tools and equipment, etc they are W-2 employees likely. Failing to do so can lead to back taxes and penalties... and the employer is responsible.

  • @demuntresmith6666
    @demuntresmith6666 Рік тому +1

    Could have got two 2023 chevy 2500 gas work truck for 100000 dollars are less.

    • @thewhiteknight02
      @thewhiteknight02 Рік тому +1

      That’s what we run. 2500s for pick ups. 3500s for dumps. Gassers.

  • @mikemehenni
    @mikemehenni 2 місяці тому

    forget website, and marketing and seo, that cost money , go out work the 80 doors you have b knocking and door hangers to everyone around those doors., sell your brand new trucks, for god sake put some kind of signs on them trucks, trailer and that building i d kill to have here it would cost 3 mil to b uy or 6k-10k a month to rent . use what is infront of you and what you have. add more services to your current customers and do NOT raise prises you are in no position to raise prises, competion is high . you will make it

  • @twinciti2962
    @twinciti2962 9 місяців тому

    Sure the trucks look nice, but at what cost

  • @pampsuisselosangeles7145
    @pampsuisselosangeles7145 Рік тому +1

    Inflation is taking a bigger bite than previous years??? yes/no

  • @EdgewaterProWash
    @EdgewaterProWash Рік тому

    Hey Mike, any updates coming up with home service webdeisgn? They just did a website for me, and its awesome but any time I need an update it takes multiple days for them to even response. Ive been waiting 7 days since my last email was sent to them . Is there anything you can do? Im not trying to be difficult. I just feel like they need to atleast acknowledge me.

    • @MikeAndes
      @MikeAndes  Рік тому

      Looks like they responded this morning ✅
      Changes get done asap and some include higher degrees of time based on requested changes

  • @johngrossbohlin7582
    @johngrossbohlin7582 7 місяців тому

    Putting wraps with their phone number/web site on the doors of the trucks would help. "OX Services" alone isn't doing it.

  • @Mike-xn9ho
    @Mike-xn9ho 2 місяці тому

    Buying brand new trucks when you cant afford it is crazy. Whats wrong with getting a 10 year old truck to get beat up on the job?

  • @RaceMentally
    @RaceMentally 7 місяців тому

    Do they need an investor? I’m right here

  • @Rod-bp8ow
    @Rod-bp8ow Рік тому +1

    Unaccounted assets supplies, inventories report, as well as franchisees. Ptd, Trademarks, Copyrights, LLCs, Registrations are owned by its respective owners and has rights to inspect validity of reports, video content to be at par with businesses standards. ****IMPORTANT*****∆

  • @Homechoiceplumbingservice
    @Homechoiceplumbingservice 9 місяців тому

    Yay!

  • @amandar4980
    @amandar4980 Рік тому +2

    6% for a truck that’s worst 100k. 🤦‍♂️🤦‍♂️🤦‍♂️🫣🫣🫣

  • @amandar4980
    @amandar4980 Рік тому

    Mike is the Dave Ramsey 2.0 business side. 😂😂😂

  • @jongonegone1262
    @jongonegone1262 Рік тому

    yes your part of the total reset !!!!! keep spending, spend it all. its gonna be huuuuuge.

  • @patchshorts
    @patchshorts 10 місяців тому

    my dad mowed yards for 35 years before he died... you use midsize trucks unless you're an idiot... you don't need something that can haul 10,000 lbs when you're hauling 1000 lbs. Systematize your business. Everything is a game of resources and usage.

  • @allaroundjunkremovalllc2336
    @allaroundjunkremovalllc2336 8 місяців тому

    Leads are very expensive