$1M+ Landscape Business CAN'T PAY the BILLS
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- เผยแพร่เมื่อ 16 มิ.ย. 2024
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I traveled to Hudson, NH to help Jake with his $1M+ Landscape business. He's burried in debt and can't pay the bills.
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Big thank you to Jake and the team for allowing us to come and record this video to help educate others in the industry! Before judging, keep in mind that it is not easy to have cameras come into your business when you are struggling. It take a lot of humility and I appreciate Jake for that! If you want me to come turnaround your business apply at MikeAndes.com/turnaround
Great Advice Mike. I hope that he takes advantage of the advice you have given him. Also for anyone else that's in a situation like his.
Another amazing video Mike.
By the way, the media team is killing it!
God these videos are good.
Hope to meet Jake at Landscape Summit next week!!
Thanks Mike and Jake! Videos like this and the others helps keep us grounded and focused on the real issues of managing our entities.
Where was he when I needed him!😂
Ok, this is fantastic. This industry has needed this kind of content for 10 years. I’m so happy to the high production, high quality that’s been invested in this piece.
I was in Michigan and met a guy who just started and excavation business.
Driving a $90k truck, bought his wife a G Wagon, new equipment. All of it financed.
he said he had $15k a month in payments.
I told him good luck, I wouldn't be able to sleep at night with that much debt.
IF the economy tanks... Nobody is going to go bankrupt faster than that poor guy.
@Travis12861 ,
Yep. That would be me. Driving a 10 year old vehicle. Cash flow equipment purchases. I'd take the time to buy used and clean it up.
Think how much more profitable you'd be without all that debt.
Why give the bank such a big cut?
When u find out the new equipment breaks do0wn just as much as the old stuff.... downtime sucks
@@chucknorris277- better to have two used pieces debt free than one brand new under payments
@@chucknorris277 At least with the old equipment you can in the expectation that it's going to break down when you buy it. And depending on the equipment, you can avoid paying for "bells and whistles" that new stuff seems to be loaded up with.
Mad respect for that guy to be so willing to learn and change. God be with you man!
I wish Jake and his team all the success and hope that they bounce back from this money issue. Jake seems like the kind of guy that I'd want to work for. This video is professional tier; very well put together.
Man every single one of these videos should have millions of views. They are SO WELL MADE!
Jake and EVERYONE on his team is just so awesome! They're gonna make it!
I have ADD as well and am a fence company owner. This can be a good thing if channeled in the right way. I take lots of notes and have lists that help me stay organized. I try to minimize the issues it causes the best I can.
Thanks for sharing!
Being self employed the past 45yrs I can tell you when employees go home at 5 I'm still on the clock. When they get the sniffles & take a few days I'm still bidding jobs showing samples doing dump runs collecting on invoices washing and organizing the trucks etc. It never ends. But best thing about being SE is taking time off when I want & hitting cruises or trips to Hawaii or disneyworkd 3-4x a year. Your young You have the experience and I believe things will get better for you. Thin the crew out & pay the keepers well. Clean up & Thin equipment out while you still can get decent price for it & carry on. You got this! GL
No one will understand the struggles of entrepreneurship until they’re in it. I went through this struggles and still go through some as well. We have a whole different beast of a market here in Los Angeles but same principles apply. It’s hard to explain to someone what you’re going through unless that person has been in your shoes. Great job by Mike and the team on this. Best of luck to the business and the owner. He needs to rise up, take on these issues head on, and affirm to his employees that he will do all he can to better the situation as long as all of them are pulling their own weight as well.
This is my 5th time watching this video man I feel like I learn something new every single time I watch it. From the little details of how your influence alone can change an organization to the bigger picture of making the company more profitable. Can’t wait to be a part of Augusta one day!! 💪🏼
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Great episode Mike and the media team! Best of luck to Jake and his team in the future. We are rooting for you!
Build in a 5% early cancellation fee for cancelling a contract early, if it is not due to performance or communication
HOA always looking for the cheapest lawn services all the time ,don’t take it personal
I hate them
That's why there's contracts.....if you can prove there lying they need to pay up
Facts, and still can’t pay their bills.
I dont know but I think getting a good deal is universal...not just hoa's
I landed a $62k 2-year contract with an HOA in 2014. I’ve never hated my life more than dealing with these people. CHEAP, CHEAP, CHEAP, but demand perfection. The instant the contract was complete, we’ve never gone back and NEVER will.
Great Information seen here Mike. Thanks for coming to our Granite State to help out Jake. Wishing him and team much success.
They have such a great team i see huge potential in jake and his team i really pray that what Mike said truly does help them, awesome video man!
MIKE! dude, this is by far one of the best informative videos for guys out here in this business !👍👍trying to step up and evolve. Keeping an Eye on the expenses is the number one thing your talking here. I talk about it all the time in my videos. It's the backbone of the whole business. It affects everything!
A business owner that is smart with his money is a better owner because he can share the wealth with employees. There is a fine balance and you did a great job in this video explaining that love the content, man!
It's wonderful to hear an owner doing nice things for his employees that are in need. A good heart like that naturally attracts good people. But the most amazing thing to see here overall is the level of concern and commitment by the employees when it comes to the business. It's landscaping...not the most interesting of pursuits yet to the employees, is. Again, that speaks to the owner...just a likeable guy, and that's huge!
I love these type of videos. Raw real life footage. No bs.
Thank you Mike for your video. It’s very helpful and very educational.
To see other companies on how they react with situations and challenges, that happened to all business owners.
Glad it was helpful!
These videos are absolute gold. Thank you so much Mike
You having the ability to right off the bat see the cost of equipment and how it’s hindering the growth and financial freedoms of a company is brilliant. You’re a great sound business mind but also kind hearted. That’s a recipe for success and a great leader.
That’s awesome. I own a custom deck building company in Hudson as well (Modernize it llc). It’s awesome to see you help local companies grow and be more efficient.
Since the company is having to go to the gas station every day, it would be cheaper to get above ground fuel tanks and have them filled by an outside fuel company. They would get the fuel cheaper and for the diesel vehicles, they can use red dye.
Fantastic video as always! The production of the media team is getting insane! I love those “Borderland” style intros to each of the people in the business. Keep up the great work!
Well, this just popped up in my feed, first time watching, and wow! The information you provided in this video, I'm subscribing!
Awesome! Thank you!
This is a great video definitely learning a lot makes you think about every operation in the business
Watched this episode twice lol best one yet. He has an amazing team. He’s really lucky to have them
I am so thankful you are available to these other business owners. Such a help to them and their staff. It's good for all of us to see these people, and to see you with them. Thank you!
For real man I love TH-cam. The fact I can watch this is more entertaining then the History channel could release now. This is great documentary and real life scenarios for your normal man. Love you bro keep it up 😊
This was such a positive video with so much helpful knowledge for the company. Really enjoyed this clip. Nice to see a business with employees that truly care, just need a little push in the right direction for success.
Wow! This is one of the best episodes yet!!! I learned so much from this. Keep it up Mike💪🏼💯
Glad you enjoyed it!
This is the best one of these type of videos yet!
Great video Mike!
This is a real life video showing the struggles of a lawn and landscape company.
Its a tough buisiness. To the owner, thank you for being honest. Wanted to say thank you and keep up the great work! It takes a certain person to do what you do and keep everything in order day in day out. Wish you continued sucess
It's a very good guess on MSRP. Ours ended up being 85k with attachments. I hated the task of getting in and out of it with the safety bar and load position. Plus you can only see what's in front of you.
Unreal editing on this video Mike! Well done to the whole team!
Great Video, Thanks Mike, from a solo operator in Melbourne Australia:)
Such a good program. This is better than anything on network TV. Top notch show here.
🙏🏼🙏🏼🙏🏼
I'm new to finding this channel and I've been watching it in my spare time with vengeance. I'm glad I'm watching others mistakes but it confirms all my concerns with growing my business to the next stage. I'm currently a solo guy with 40+ accounts in less than 6 months. I know once I hit 60+ I'll need to start finding help. After I hit the 100 marker I know I'll have to expand everything. I just hope I can utilize what I'm learning here and with a bit of luck I'll pull a rabbit out of my hat
Welcome to the channel! Thanks for watching!
This was definitely interesting to watch. It gave me insight on how to properly run a business and some common problems that may occur. I will definitely take what I learned and apply it towards the business I'm trying to start in another industry.
Mike you are a beast! You are amazing at everything you do. I watch you all the time for tips on growing my company!
“Everything” is definitely a stretch 😂😂
The NBA would prove otherwise 😂😂
but thank you for the vote of confidence 😂😂
Wow, what an amazing video to capture all this in real life..great idea.
I'm a small IT business owner and landed on one of your previous videos. Great operating ideas and advice Mike. Funny thing is I don't even mow my own yard! haha
Ultimately, many landscaping businesses face challenges in retaining employees. The solution lies in increasing wages. When your workers can't afford basic necessities and enjoy some comforts, neither can the "small" business owner.
It's not usually a money problem. Landscape employees generally have a money management problem. They are either young or have had issues in life that prevent them from having a higher paying career. Not always, but usually. Pay them a livable wage, higher than the national average is fine if they earned it, but don't expect them to be great just because they are making decent pay. Some ambitious people might come along, but you can't expect them to stay interested when there's a cap on what you can earn doing labor for a landscaping company.
@@jamiepippin3892this. I’ve had a few coworkers where they start off strong, and then you see the big decline in their performance after a little bit, say a month max. Even being paid 25$+ hour, and not too much responsibility. With my boss, he’s taken care of me because of my work ethic and loyalty to him. Everyday i try to earn the money he pays me, instead of just showing up to collect a paycheck. Not everyone else looks at it that way, however it is the way i was raised.
99% of guys don't want to work.
@@jamiepippin3892can be said for people in general. There’s a reason most people live paycheck to paycheck upwards of 250k annual.
@@jamiepippin3892well said. Everyone thinks throwing money at employees suddenly makes them more competent.
Great episode!!
This is awesome. thank you for sharing.
Wow, I haven't seen Alvirne in such a long time, I guess since I left it in 82. Hudson and Nashua used to be my old stomping grounds.
I actually worked for a landscaping company in Hudson where I eventually progressed until I was driving one of the dump trucks. Today I own my own Dump truck.
Love this video, so much good information
Glad you enjoyed it!
Thank you for this content
This is a great dive into improved leadership. Mad respect to Jake for doing right by his employees and not letting ego hold him back.
Liked your show, watching was time well spent
I knew a guy that had a great site construction business. He started doing very well and went out and bought all new trucks, trialers, equipment and had it all painted with his logo and letterhead etc. He was doing fine wirth the older equipment, he should have upgraded slowly, instead, within 2 years he lost it all and then his wife left him because her lifestyle was affected...
I don’t know if my comment will be read because this was posted two months ago the best piece of advice I could give and remind you I’m only 31 and I’ve been in the business only five years, but from what I’ve seen there are ups and downs. Of course it is seasonal,
is don’t stray too far from your humble beginnings
Mike I wish you made this video in 2016 I gave up and lost everything when you hit capacity raise prices man I was a idiot now we only do install and I live job to job 😢 I going to start and rebuild build maintenance now you just convinced me
Truck, trailer, scag, blower, trimmer, dethatcher, snowblower. 8k Total cost. Hourly charge $70. Daily profit $500. 16 work days to pay off loan or add another truck setup. Don't need the expensive stuff
The skid steer is the best thing this guy did, it's the most versatile piece of equipment you can own, and I wouldn't trade mine for the world. He could make 200k a year off that one piece of equipment if he ran it alone. It's worth 20 guys when you get the right attachments. Bucket, Forks, Skeleton Bucket, Trenchers, Mowers, Skeleton, Grapple, Augers, Cement Mixers, Forestry Mulchers, Rock Crushers, Sand and Compost Baggers, Laser Graders, Asphalt Saws and Planers. I wouldn't want to lose mine for anything.
and every one of those attachments costs thousands or tens of thousands of dollars 🤣
@@tyler558806 Yep, but just imagine losing a job because you hired some laborers on meth who worked real hard for the first day or two, then no-where to be found or heard from after you sold 3-4 more jobs hoping they would help you finish, now you are back to square one kicking yourself thinking that you should have bought the attachment that would have replaced those 20 druggie laborers that didn't even have their own transportation. I'd rather load a piece of equipment up rather than water jugs and porta potties on a job site and have to deal with all that.
True. It’s also true that every piece of equipment is a 100% write off against profits for taxxxes.
A lot of skid steer work is low priced waste of time work everyday you can rent one for $200 so a lot of guys just give away the work mine sits 90% of the time and the specialized niche equipment is what makes $$$
@@XRXCORP Then you *really* need Mike Andes help.
I am just a couple of towns over from them and we are charging $95 per man hour. This is for removal of the leaves off the property. We then charge a disposal fee on top of that. Even $80 seems to be a little low for the Hudson area.
That comment didn't come off the way that I intended it to. I just wanted to let them know they are probably leaving money on the table.
20 years ago was 100 bucks for 2 men and a truck
I love these vídeos 🙌🏽
We had to jump into a lot more hardscaping and it was very worth it. We make 3x more then we ever did just doing maintenance
This one hits home!!
I have a base price per year, if diesel goes above $x I raise prices mid year. Haven't lost 1 customer. They understand inflation. That said, this guy has an awful lot of nice equipment. Have got to prove it will pay before you buy it.
We all want the good stuff. This biz is not efficient. Fertilizing was a good one.
Wow very educational video I’m not there at that point yet cause I’m only 17 at 40 clients but this will definitely help later when I get that big
His business would’ve been more profitable driving a Corolla and using a push mower.
It always seems to be a major ego issue with the ones who are struggling in your videos. I love the content my friend, very professional edit work. Much love 🙏
First thing I would have asked is how much is he (Jake) taking out out of the business, I bet money it's a lot more than it should be, and he's trying to live a higher lifestyle then he has the means to , as soon as I saw that truck its the first thing I thought and could be one of the biggest reasons why they're just floating on top of the water
Hey Mike. Just found your videos not too long ago and have been learning a lot from you recently. I grew up in the Lawncare/Landscaping business. I know everything about doing the jobs at a professional level and have experience running as a foreman to a crew. I have been thinking alot about starting my own operation for a couple years now. I actually work at a place and my boss has some health problems and I mentioned I would like to have a meeting with him about possibly taking over or purchasing the business from him and he seems quite thrilled. Any advice?
I'd like to see some more videos about the Redmond location. Great video.
More to come!
Love watching mike video
Solid content!
Hey, Mike my son Jameson who is 14 years old recently started mowing lawns for the past 2 seasons. He is looking forward to starting his own landscaping business by time he is 18 years old or sooner. We live in Hudson, NH and after watching this video we wanted to see if you would be interested in coming back to Hudson, NH to do another video with Jameson on how to start a landscaping business as a teenager. Thanks!
Edits on point👌
Great job Mike
100k pickups.......... The trend has to end. I have seen more guys just making it, or just starting out, go buy a 100k pickup.
Brilliant video 😮
Having that Bobcat as a yard ornament........and the 2023 Chevy 2500 hd optioned out the wazo theres nearly 180k right there. Living the dream............A bad financial hit and hes out of business, he has no cushion.
Great Video!!!!
Would love some follow up videos for these companies down the road
I work there I can give you the update haha
@@YoungAnticswhat is it ?
It’s gonna take some time to turn around but it’s not too far gone
@@YoungAntics good owner and great employees. Hope everything works out.
As a 16 year old landscaper in NH who is trying to go, who does a vocational program at alvirne, that highschool you showed. Wish I could’ve met you while you were up here
Is it just me or is the GM better leader and business owner than the actual owner?
Ayyooo my home state!! Welcome to the 603 Mikey
Looks like alverine highschool we used to play them in football
Beautiful time of year up here hope you enjoyed
Love it
1% profit margin!! I have a hardscaping business and I make a minimum 30% profit. I don't have any fancy trucks or new equipment but everything I own is paid for. I add more services to my company all the time and if I have any concern as far as how to price something I just do time and materials. It is a total no brainer.
He's got too many people in the office getting paid. Got to trim them off.
Love the episode sort of video interviewing business and going over numbers. Would definitely like to see nore
It's so true, I didn't increase my fees for almost a decade in fear that I would lose clients, earlier this year I had no choice but to lift fees. In some cases, it was 50-100% and we probably lost no more than 3-5% of clients. Don't get trapped by low fees.
The owner needs to work with his crews in order to be successful. He needs to BE THERE!!!
He keeps saying 100k. Skid steer is used. Worth around 40k. One big construction job write a check for skid steer
First on-site interaction is a dude in a brand new 2500 Diesel GMC. I think I know the issue.
I would love to see a recap of this company❤❤
Any small business would kill to have Michela in admin. She is a serious player even at a young age. There definitely seem to be some good people in the mix here.
Lol I literally saw a guy riding a hover board/blowing and immediately though INSURANCE haha
I've seen the same thing on a couple of large properties in my area a few times now and always think the same thing. Must be working, though.
At 10:50 ish describing his relationship with the business it EXACTLY me
This is a great video second ive watched I could use help as well Im in Florida want to make a trip
I love that I am not in any debt with my business, they call me every single minute trying to get me to sign a loan for 150k+ but I ain't doing it, ya'll ain't trickin me into losing my business lol
Debt isnt always an enemy. Only if wasted on deprecating assets vs used to expand or capture more capitol
@@sledhead904 I agree 100%, but just started your business I don't think it is a good idea unless you are already well set. Debt can make you money for sure.
I understand the temptation to buy new stuff for your business. At the same time, it always feels better to outright own something used that will get the job done than to finance something that becomes another albatross around your neck.
Thru past records would it be possible to generate a price by square footage, perceived obstacles and travel milage? Aeration and overseeding.
🔥🔥🔥editing job
I recently moved away from doing business with hoa. They kept pushing to drop more services from the contract. We were making less and Less over last couple years. We lost 10k worth of mulch and shrubs the 1st year. Last year, they moved our snow plow trigger from 2" to 4". We used to weed beds and trim teees also. Not in last 3 yrs. They showed signs of being broke. I quit them. We got alot more business to fill that spot. Should have done it sooner. Don't let people haggle with you when you do amazing work. Your work sells the jobs
These guys have way too many trucks and equipment for a company doing 675K a year in revenue. We usually add a new truck for every $400-$500k in revenue.
Great business advice. Hopefully he talked to him about not buying new flashy trucks and equipment when slightly older will do
Hey mike first time commenter long time follower / been seeing your content for years finally deep diving. I’ve used the search bar but haven’t seen you comment on poop pickup / the niche market of dog waste removal and charging for that service or thoughts on businesses providing dog waste removal only or primarily that service.
Would love to do a video for that industry 👍🏻✅
That leader speech was excellent