Naive question.. Is tree service a good business?
- Thread starter tbk125
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They are like any other business.
I think I know what you mean, thank you for responding.
Agreed. If it is run well, lots of room for growth and a good ROI. If it is run poorly, lots of opportunity for endless debt that you'll never dig out of.
Like any other business!
Like any other business!
Define wealthy. I was sitting at a bar a couple months ago talking to a guy I'd never met. We started talking about high cost of living (it is high around here, very, very high) and he said he's targeting $4M in investments to retire. I was a little shocked, but 6% of $4M is $250k/year in proceeds. That's about what you need to comfortably retire here. I guess I'll never retire.
Wealth: having more than you need.
You are right, wealthy is all relative.. but I guess this is a good example. Making a few hundred thousand a year, eventually becoming a millionaire.
My two cents is this. If it's easy to do, everyone does it and there's too much "supply" for the "demand" for a given business. If it's hard to do, or requires special skills or equipment, it weeds out the people who can't or won't do it, making it more lucrative.
Best way to make a mil in the tree business is to start with 5 mil...
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