You must understand your overhead burden and work that number into your labor rate.
In other words, what does it cost you to run your business for one day or even one hour?
The good news is you can start a landscape business for little money if you’re willing and able to start small enough.
When I started out, I was driving a 1973 Volvo four-door sedan (hand-me-down) with its fair share of mechanical problems. And I'm sure that part of the reason we were able to do okay was because we were cheaper than the next guy.
So here’s a little homework that’ll help you in the long-run: list out your insurance cost, your truck payment, your rent or lease payments, along with any other cost that is fixed and will need payment whether you go to work every day or not.
Finally, and most important, jot down your estimated taxes for that year.
One of the frustrations I hear from landscape start-ups is that money always seems to be going out faster than it’s coming in.
Freshly-minted landscape professionals complain that every time they turn around they have to buy something just to get the job done.
Here are several key elements you need to consider as you embark on this adventure called landscaping: While you may be able to get by without one at first, sooner or later, you’re definitely going to be considering a truck.
When you do, check your desires at the door about that shiny new monster with chrome and the custom graphics and take a hard look at what you can really afford, and what will do the most work for you. Less money out the door means more money in your pocket.