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Originally Posted by BlackCrayon
how did he manage to get by between starting and getting all good lawn contracts? sure, like sly said a service business can cost next to nothing to start but it might not be what their business idea is and even still you need to make a living wage in the meantime to get by. if someone wanted to open a pizza place they'd need money for a lease, equipment, money to pay employees, business registration all before they make a dime. same goes for anyone who wants to manufacturer something. its much harder and therefore of course less will do it, and some who try and fail will be worse off for trying. only a small percentage actually succeed. as long as the have-nots feel they can't rise above to become a 'have', they will never agree with what you or minte is saying, no matter how much sense it makes.
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Service industry is the easiest form of business to start because your product is your labor. I started a lawn service when I was in high school and by the time I was 21, I had bought my 1st house and was doing over $150k in sales.
This was done by hard work and going out to work soon as I got out of school for the limited few hours before it got dark then later as I was out of school by doing long hard days while others were out partying.
I later sold that business are started a commercial floor cleaning business as well as dabbled in selling used cars from a small warehouse. I did pretty good early on, but the car biz took a bit too much out of me money wise and coupled with the loss of a large contract in the cleaning biz I ended up going under.
This was before I came to adult, which ended up being sort of an escape from running a real business. As in adult I could finally be a bit lazy and sort of do what I wanted.
Far as service business, if you have no start up capitol, IMO it's the best route to take because most people don't realize how little you need to run & operate that type of business.
The problem with the lawn biz these days is so many people got into it down in FL, and prices are way too low. Added to this with the bad economy the lawn guy is the last guy getting paid when people are having problems.
Personally I couldn't deal with the hassle of trying to get paid from individual home owners accounts, so I did about 99% commercial accounts most of that being apartment complexes and industrial complexes.