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  1. lumberjack

    Starting a tree service.

    Sometime between Wednesday afternoon to Thursday, given your analogy and my definition. However some of that money has to pay my equipment payments also. Yep, don't want to pay needless tax. The money my company makes is passed through to my personal taxes where it goes into the standard...
  2. lumberjack

    Starting a tree service.

    Depends on what you call "making money". If it's just profit, I would only be at 1% for last year. For me (and my bank)it's profit plus what I pay myself, plus a chunk of my depreciation. That paints a different story.
  3. lumberjack

    Starting a tree service.

    A business should be self sustaining, including the slow times. Shoveling shit can only pay so much, as you grow, so will your monthly overhead. Other work may tie you over, but your business needs to cover its expenses on its on, and as you grow it needs to take care of you personally as well...
  4. lumberjack

    Starting a tree service.

    Long distance is pretty well a non issue these days (in the US) for the kinda customer's you want to have. My phone allows me to call anyone in the US, unlimited, for the same monthly fee. Canada costs something, but I don't have customers up there to speak of. How big is your intended...
  5. lumberjack

    Starting a tree service.

    Also, accept you can outgrow your current professional service providers. One of my wealthiest clients is going to refer me to his CPA. It will be a long time (if ever) I outgrow him. I'm nothing special now, but decide what you want to do and make plans that follow that trajectory. When...
  6. lumberjack

    Starting a tree service.

    My first suggestion is to have a "Winter Fund" account that you save a minimum of 3 months of money in to use when work slows down. That lowers stress dramatically. When times pick up, you replenish that account before you start splurging on new toys. Before you buy a piece of equipment...
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