Hi, I wanted to get some input from everyone's thoughts on my current stumping biz plan.
Equipment: The plan is to purchase a 65+ HP diesel tow behind and a good sized self propelled unit that fits through a standard yard gate (I have some experience with towables). Accommodate a heavy duty flat bed pickup with ramps for the self propelled unit to piggyback so I can haul both at ALL times. I have a couple of saws and plenty of mechanical experience, tools, and the facilities to maintain and repair equipment on my own. Buying used but low hour equipment I can be in all of it for under 36K with my credit and the business startup loan I have discussed with my banker the equipment and insurance would run me less than $700/month
Business Plan: (the part I need the most input on) I understand the set aside 25% for taxes, 25% maybe more for maintenance and repairs pay myself roughly 25% put the remainder in a business checking for general use. And don't leave the house for less than 75$ in city limits $100 inside county lines. Out of my county charge the regular $100+ $.50-$.75 a mile. Pricing and estimating: I will be doing under advisement from a 25+ year vet.
Marketing: (My strong suit) of course I plan to pass out cards plaster the business name everywhere I can go out on the road and (fish) for work and pick up deals with existing tree companies. I have connections with 3 different home builders (blood related to 2) that build 8-10 homes a year, 2 landscaping companies, I also would be taking over work that belonged to my friend that is leaving the business. I know folks at the 4 local golf courses personally. I live in a town of 45,000-ish people founded on the timber and oil industry so I personally believe I'll always be finding work. 4 of the 5 local tree services hire out for stumps. There are 3 local stump services I can find on google 2 of which only have a towable and can't do backyard work. I am centrally located within a 2 hr drive of Houston, Dallas, Tyler, Longview, Beaumont/ Port A, Shreveport and Lake Charles.
Do I have the gist? Or am I setting myself up to crash and burn.
Equipment: The plan is to purchase a 65+ HP diesel tow behind and a good sized self propelled unit that fits through a standard yard gate (I have some experience with towables). Accommodate a heavy duty flat bed pickup with ramps for the self propelled unit to piggyback so I can haul both at ALL times. I have a couple of saws and plenty of mechanical experience, tools, and the facilities to maintain and repair equipment on my own. Buying used but low hour equipment I can be in all of it for under 36K with my credit and the business startup loan I have discussed with my banker the equipment and insurance would run me less than $700/month
Business Plan: (the part I need the most input on) I understand the set aside 25% for taxes, 25% maybe more for maintenance and repairs pay myself roughly 25% put the remainder in a business checking for general use. And don't leave the house for less than 75$ in city limits $100 inside county lines. Out of my county charge the regular $100+ $.50-$.75 a mile. Pricing and estimating: I will be doing under advisement from a 25+ year vet.
Marketing: (My strong suit) of course I plan to pass out cards plaster the business name everywhere I can go out on the road and (fish) for work and pick up deals with existing tree companies. I have connections with 3 different home builders (blood related to 2) that build 8-10 homes a year, 2 landscaping companies, I also would be taking over work that belonged to my friend that is leaving the business. I know folks at the 4 local golf courses personally. I live in a town of 45,000-ish people founded on the timber and oil industry so I personally believe I'll always be finding work. 4 of the 5 local tree services hire out for stumps. There are 3 local stump services I can find on google 2 of which only have a towable and can't do backyard work. I am centrally located within a 2 hr drive of Houston, Dallas, Tyler, Longview, Beaumont/ Port A, Shreveport and Lake Charles.
Do I have the gist? Or am I setting myself up to crash and burn.
