Greens Manicure Service’s competitive edge will be based on quality and professionalism. During the first year Steve will be doing all of the lawns with only one other employee. This provides him with direct supervision of the employee and direct involvement with the job. This will ensure customers receive a quality job. Steve knows what quality work is, based on previous experiences to be detailed under the Management section.
Greens second competitive edge is professionalism. Steve will ensure that all interactions between the customer and his employee, as well as himself, ooze professionalism.
Steve truly believes that professionalism and quality are the factors that attract and maintain customers. Consequently, Steve will be truly vigilant in ensuring that his competitive edges are always apparent to the customer as his livelihood is dependant on this.
Greens Manicure Service’s sales strategy will be based on one-on-one communications with prospective leads. Steve will first be leveraging his relationships with his parents (pillars in the neighborhood) and his connection with the neighborhood. The prospectives will generally form a bit of a bond with Steve because of local familiarity and then Steve will need to communicate his experience in lawn care and his constant benchmarks of quality and professionalism. Steve is willing to offer a free estimate and cutting for those that are interested in a possible contract. Although some of the free cuttings will not turn out to be long term customers, he is confident that his competitive prices and superior service will turn most of the leads into customers.
By year two, the business will be ready to expand outside of the neighborhood and Steve will be using advertisements in the local paper to generate business. When people call with questions, Steve will have already (the previous year) built up a loyal following of customers that will serve as an effective referral system in which prospective people can call the current customers and get a glowing testimonial of Green’s service.
The first month will be used to set up the office, purchase the necessary lawn care equipment, hire and train an employee. Additionally, during the last two weeks of the month, Steve will be canvassing the neighborhood to build up a customer list.
Month two will see some business. The business will be growing as Steve continues to increase the number of jobs that he has. Month two through October will see a steady rise in revenues. Business will pick up again in April of year two. From February through April Steve will be working hard on generating new customers and will bring on two additional employees to service the new customers.
Sales Forecast | |||
Year 1 | Year 2 | Year 3 | |
Sales | |||
Suburban middle class | $41,748 | $91,254 | $97,854 |
Other | $0 | $0 | $0 |
Total Sales | $41,748 | $91,254 | $97,854 |
Direct Cost of Sales | Year 1 | Year 2 | Year 3 |
Suburban middle class | $2,922 | $6,388 | $6,850 |
Other | $0 | $0 | $0 |
Subtotal Direct Cost of Sales | $2,922 | $6,388 | $6,850 |
Greens Manicure Service will have several milestones early on:
Milestones | |||||
Milestone | Start Date | End Date | Budget | Manager | Department |
Business plan completion | 3/1/2001 | 4/1/2001 | $0 | ABC | Marketing |
Set up the office | 3/1/2001 | 4/1/2001 | $0 | ABC | Department |
Signing up the 20th client | 3/1/2001 | 5/1/2001 | $0 | ABC | Department |
Revenue exceeding $50,000 | 3/1/2001 | 5/1/2002 | $0 | ABC | Department |
Totals | $0 |
Greens Manicure Service is owned and operated by Steve Greinthum. Steve was first introduced to lawn care while he was pursuing his bachelor’s degree in business from the University of Oregon. Steve worked for a large, well-respected landscaping company. He started out his freshman summer year as a mower operater. During his four years at school he eventually moved up to crew manager.
Steve enjoyed taking care of lawns. He was always excited about working outside. He also liked the management responsibilities that he had his last summer. The one thing he longed for is operating his own company. He decided the only thing stopping him was money, he already had all the experience and knowledge necessary. So Steve got a loan from his parents and started the company.
Greens Manicure Service will consist of Steve working full time. Steve will be the manager for the business, signing up new customers, managing customer accounts, hiring, training, supervising, and cutting grass.
Greens Manicure Service will use a total of two people during year one. For year two Steve will hire an additional two people to create a second work crew.
Personnel Plan | |||
Year 1 | Year 2 | Year 3 | |
Steve | $22,500 | $22,500 | $22,500 |
Employee 1 | $12,800 | $12,800 | $12,800 |
Employee 2 | $0 | $12,800 | $12,800 |
Employee 3 | $0 | $12,800 | $12,800 |
Total People | 0 | 4 | 4 |
Total Payroll | $35,300 | $60,900 | $60,900 |
The following sections will outline important financial information.
The following table highlights some important financial assumptions of Greens.
General Assumptions | |||
Year 1 | Year 2 | Year 3 | |
Plan Month | 1 | 2 | 3 |
Current Interest Rate | 10.00% | 10.00% | 10.00% |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% |
Tax Rate | 25.42% | 25.00% | 25.42% |
Other | 0 | 0 | 0 |
The Break-even Analysis indicates approximately $3,900 is needed in monthly revenue to break even.
Break-even Analysis | |
Monthly Revenue Break-even | $3,956 |
Assumptions: | |
Average Percent Variable Cost | 7% |
Estimated Monthly Fixed Cost | $3,679 |
The following table indicates the projected profit and loss.
Pro Forma Profit and Loss | |||
Year 1 | Year 2 | Year 3 | |
Sales | $41,748 | $91,254 | $97,854 |
Direct Cost of Sales | $2,922 | $6,388 | $6,850 |
Other | $0 | $0 | $0 |
Total Cost of Sales | $2,922 | $6,388 | $6,850 |
Gross Margin | $38,826 | $84,866 | $91,004 |
Gross Margin % | 93.00% | 93.00% | 93.00% |
Expenses | |||
Payroll | $35,300 | $60,900 | $60,900 |
Sales and Marketing and Other Expenses | $0 | $0 | $0 |
Depreciation | $1,152 | $2,552 | $2,552 |
Leased Equipment | $0 | $0 | $0 |
Utilities | $0 | $0 | $0 |
Insurance | $1,200 | $1,200 | $1,200 |
Licenses + bonded fees | $1,200 | $1,200 | $1,200 |
Payroll Taxes | $5,295 | $9,135 | $9,135 |
Other | $0 | $0 | $0 |
Total Operating Expenses | $44,147 | $74,987 | $74,987 |
Profit Before Interest and Taxes | ($5,321) | $9,879 | $16,017 |
EBITDA | ($4,169) | $12,431 | $18,569 |
Interest Expense | $1,847 | $1,675 | $1,495 |
Taxes Incurred | $0 | $2,051 | $3,691 |
Net Profit | ($7,169) | $6,153 | $10,831 |
Net Profit/Sales | -17.17% | 6.74% | 11.07% |
The following chart and table will indicate projected cash flow.
Pro Forma Cash Flow | |||
Year 1 | Year 2 | Year 3 | |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $31,311 | $68,441 | $73,391 |
Cash from Receivables | $10,437 | $22,814 | $24,464 |
Subtotal Cash from Operations | $41,748 | $91,254 | $97,854 |
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
Subtotal Cash Received | $41,748 | $91,254 | $97,854 |
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $35,300 | $60,900 | $60,900 |
Bill Payments | $12,129 | $20,205 | $23,413 |
Subtotal Spent on Operations | $47,429 | $81,105 | $84,313 |
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $1,800 | $1,800 | $1,800 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $7,000 | $0 |
Dividends | $0 | $0 | $0 |
Subtotal Cash Spent | $49,229 | $89,905 | $86,113 |
Net Cash Flow | ($7,481) | $1,349 | $11,741 |
Cash Balance | $6,919 | $8,268 | $20,009 |
The following table indicates the projected balance sheet.
Pro Forma Balance Sheet | |||
Year 1 | Year 2 | Year 3 | |
Assets | |||
Current Assets | |||
Cash | $6,919 | $8,268 | $20,009 |
Accounts Receivable | $0 | $0 | $0 |
Other Current Assets | $0 | $0 | $0 |
Total Current Assets | $6,919 | $8,268 | $20,009 |
Long-term Assets | |||
Long-term Assets | $4,750 | $11,750 | $11,750 |
Accumulated Depreciation | $1,152 | $3,704 | $6,256 |
Total Long-term Assets | $3,598 | $8,046 | $5,494 |
Total Assets | $10,517 | $16,314 | $25,503 |
Liabilities and Capital | Year 1 | Year 2 | Year 3 |
Current Liabilities | |||
Accounts Payable | $336 | $1,779 | $1,937 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
Subtotal Current Liabilities | $336 | $1,779 | $1,937 |
Long-term Liabilities | $17,650 | $15,850 | $14,050 |
Total Liabilities | $17,986 | $17,629 | $15,987 |
Paid-in Capital | $0 | $0 | $0 |
Retained Earnings | ($300) | ($7,469) | ($1,316) |
Earnings | ($7,169) | $6,153 | $10,831 |
Total Capital | ($7,469) | ($1,316) | $9,515 |
Total Liabilities and Capital | $10,517 | $16,314 | $25,503 |
Net Worth | ($7,469) | ($1,316) | $9,515 |
Sales Forecast | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | |||||||||||||
Suburban middle class | 0% | $0 | $3,254 | $3,541 | $4,785 | $5,124 | $5,478 | $6,145 | $6,547 | $6,874 | $0 | $0 | $0 |
Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Sales | $0 | $3,254 | $3,541 | $4,785 | $5,124 | $5,478 | $6,145 | $6,547 | $6,874 | $0 | $0 | $0 | |
Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Suburban middle class | $0 | $228 | $248 | $335 | $359 | $383 | $430 | $458 | $481 | $0 | $0 | $0 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Direct Cost of Sales | $0 | $228 | $248 | $335 | $359 | $383 | $430 | $458 | $481 | $0 | $0 | $0 |
Personnel Plan | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Steve | 0% | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $0 | $0 | $0 |
Employee 1 | 0% | $0 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $0 | $0 | $0 |
Employee 2 | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Employee 3 | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total People | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 0 | 0 | 0 | |
Total Payroll | $2,500 | $4,100 | $4,100 | $4,100 | $4,100 | $4,100 | $4,100 | $4,100 | $4,100 | $0 | $0 | $0 |
General Assumptions | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Tax Rate | 30.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | |
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pro Forma Profit and Loss | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | $0 | $3,254 | $3,541 | $4,785 | $5,124 | $5,478 | $6,145 | $6,547 | $6,874 | $0 | $0 | $0 | |
Direct Cost of Sales | $0 | $228 | $248 | $335 | $359 | $383 | $430 | $458 | $481 | $0 | $0 | $0 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $0 | $228 | $248 | $335 | $359 | $383 | $430 | $458 | $481 | $0 | $0 | $0 | |
Gross Margin | $0 | $3,026 | $3,293 | $4,450 | $4,765 | $5,095 | $5,715 | $6,089 | $6,393 | $0 | $0 | $0 | |
Gross Margin % | 0.00% | 93.00% | 93.00% | 93.00% | 93.00% | 93.00% | 93.00% | 93.00% | 93.00% | 0.00% | 0.00% | 0.00% | |
Expenses | |||||||||||||
Payroll | $2,500 | $4,100 | $4,100 | $4,100 | $4,100 | $4,100 | $4,100 | $4,100 | $4,100 | $0 | $0 | $0 | |
Sales and Marketing and Other Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Depreciation | $96 | $96 | $96 | $96 | $96 | $96 | $96 | $96 | $96 | $96 | $96 | $96 | |
Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Utilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Insurance | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
Licenses + bonded fees | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
Payroll Taxes | 15% | $375 | $615 | $615 | $615 | $615 | $615 | $615 | $615 | $615 | $0 | $0 | $0 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $3,171 | $5,011 | $5,011 | $5,011 | $5,011 | $5,011 | $5,011 | $5,011 | $5,011 | $296 | $296 | $296 | |
Profit Before Interest and Taxes | ($3,171) | ($1,985) | ($1,718) | ($561) | ($246) | $84 | $704 | $1,078 | $1,382 | ($296) | ($296) | ($296) | |
EBITDA | ($3,075) | ($1,889) | ($1,622) | ($465) | ($150) | $180 | $800 | $1,174 | $1,478 | ($200) | ($200) | ($200) | |
Interest Expense | $161 | $160 | $158 | $157 | $156 | $155 | $153 | $152 | $151 | $150 | $148 | $147 | |
Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Net Profit | ($3,332) | ($2,144) | ($1,876) | ($718) | ($402) | ($71) | $551 | $926 | $1,231 | ($446) | ($444) | ($443) | |
Net Profit/Sales | 0.00% | -65.90% | -52.99% | -15.01% | -7.84% | -1.30% | 8.96% | 14.14% | 17.91% | 0.00% | 0.00% | 0.00% |
Pro Forma Cash Flow | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Cash Received | |||||||||||||
Cash from Operations | |||||||||||||
Cash Sales | $0 | $2,441 | $2,656 | $3,589 | $3,843 | $4,109 | $4,609 | $4,910 | $5,156 | $0 | $0 | $0 | |
Cash from Receivables | $0 | $0 | $27 | $816 | $896 | $1,199 | $1,284 | $1,375 | $1,540 | $1,639 | $1,661 | $0 | |
Subtotal Cash from Operations | $0 | $2,441 | $2,683 | $4,405 | $4,739 | $5,308 | $5,893 | $6,285 | $6,695 | $1,639 | $1,661 | $0 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Received | $0 | $2,441 | $2,683 | $4,405 | $4,739 | $5,308 | $5,893 | $6,285 | $6,695 | $1,639 | $1,661 | $0 | |
Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Expenditures from Operations | |||||||||||||
Cash Spending | $2,500 | $4,100 | $4,100 | $4,100 | $4,100 | $4,100 | $4,100 | $4,100 | $4,100 | $0 | $0 | $0 | |
Bill Payments | $25 | $751 | $1,203 | $1,224 | $1,308 | $1,330 | $1,355 | $1,399 | $1,426 | $1,410 | $350 | $348 | |
Subtotal Spent on Operations | $2,525 | $4,851 | $5,303 | $5,324 | $5,408 | $5,430 | $5,455 | $5,499 | $5,526 | $1,410 | $350 | $348 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Spent | $2,675 | $5,001 | $5,453 | $5,474 | $5,558 | $5,580 | $5,605 | $5,649 | $5,676 | $1,560 | $500 | $498 | |
Net Cash Flow | ($2,675) | ($2,561) | ($2,770) | ($1,069) | ($819) | ($273) | $288 | $636 | $1,019 | $79 | $1,162 | ($498) | |
Cash Balance | $11,725 | $9,165 | $6,394 | $5,325 | $4,506 | $4,233 | $4,521 | $5,157 | $6,176 | $6,255 | $7,417 | $6,919 |
Pro Forma Balance Sheet | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Assets | Starting Balances | ||||||||||||
Current Assets | |||||||||||||
Cash | $14,400 | $11,725 | $9,165 | $6,394 | $5,325 | $4,506 | $4,233 | $4,521 | $5,157 | $6,176 | $6,255 | $7,417 | $6,919 |
Accounts Receivable | $0 | $0 | $814 | $1,672 | $2,052 | $2,437 | $2,608 | $2,860 | $3,122 | $3,301 | $1,661 | $0 | $0 |
Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Current Assets | $14,400 | $11,725 | $9,978 | $8,066 | $7,377 | $6,943 | $6,841 | $7,381 | $8,279 | $9,477 | $7,916 | $7,417 | $6,919 |
Long-term Assets | |||||||||||||
Long-term Assets | $4,750 | $4,750 | $4,750 | $4,750 | $4,750 | $4,750 | $4,750 | $4,750 | $4,750 | $4,750 | $4,750 | $4,750 | $4,750 |
Accumulated Depreciation | $0 | $96 | $192 | $288 | $384 | $480 | $576 | $672 | $768 | $864 | $960 | $1,056 | $1,152 |
Total Long-term Assets | $4,750 | $4,654 | $4,558 | $4,462 | $4,366 | $4,270 | $4,174 | $4,078 | $3,982 | $3,886 | $3,790 | $3,694 | $3,598 |
Total Assets | $19,150 | $16,379 | $14,536 | $12,528 | $11,743 | $11,213 | $11,015 | $11,459 | $12,261 | $13,363 | $11,706 | $11,111 | $10,517 |
Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Current Liabilities | |||||||||||||
Accounts Payable | $0 | $711 | $1,162 | $1,180 | $1,263 | $1,285 | $1,308 | $1,352 | $1,378 | $1,399 | $338 | $337 | $336 |
Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $0 | $711 | $1,162 | $1,180 | $1,263 | $1,285 | $1,308 | $1,352 | $1,378 | $1,399 | $338 | $337 | $336 |
Long-term Liabilities | $19,450 | $19,300 | $19,150 | $19,000 | $18,850 | $18,700 | $18,550 | $18,400 | $18,250 | $18,100 | $17,950 | $17,800 | $17,650 |
Total Liabilities | $19,450 | $20,011 | $20,312 | $20,180 | $20,113 | $19,985 | $19,858 | $19,752 | $19,628 | $19,499 | $18,288 | $18,137 | $17,986 |
Paid-in Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Retained Earnings | ($300) | ($300) | ($300) | ($300) | ($300) | ($300) | ($300) | ($300) | ($300) | ($300) | ($300) | ($300) | ($300) |
Earnings | $0 | ($3,332) | ($5,476) | ($7,352) | ($8,070) | ($8,472) | ($8,543) | ($7,992) | ($7,067) | ($5,836) | ($6,281) | ($6,726) | ($7,169) |
Total Capital | ($300) | ($3,632) | ($5,776) | ($7,652) | ($8,370) | ($8,772) | ($8,843) | ($8,292) | ($7,367) | ($6,136) | ($6,581) | ($7,026) | ($7,469) |
Total Liabilities and Capital | $19,150 | $16,379 | $14,536 | $12,528 | $11,743 | $11,213 | $11,015 | $11,459 | $12,261 | $13,363 | $11,706 | $11,111 | $10,517 |
Net Worth | ($300) | ($3,632) | ($5,776) | ($7,652) | ($8,370) | ($8,772) | ($8,843) | ($8,292) | ($7,367) | ($6,136) | ($6,581) | ($7,026) | ($7,469) |
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Hardly a dull-as-bricks doc that doubles as a doorstop, a business plan is more like a stone path. That leads to a tranquil garden. Full of blossoming potential.
Overworked metaphors aside, creating a business plan for your landscaping company really doesn’t have to be a soul-crushing exercise. Quite the opposite, in fact.
It’s an opportunity for you to set the course for your future–and that of your team. Writing a business plan is the chance to take the devotion and attention you normally put into creating beautiful outdoor spaces for your customers, and turn it inwards.
What do you want to achieve? What impact will your company have on the world?
Running a successful landscaping business goes beyond just getting jobs done, though it can be tough to see the forest for the trees when you’re immersed in grueling conditions and juggling endless demands sixteen hours a day.
Never fear. We’re here to help you realize what’s possible. With this overview, you won’t just define your vision for a thriving lawn care business, you’ll have an executable plan to actually build one.
A landscape business plan is a map for the future that lays out the financial, operational, sales, and marketing strategies for the company over the next 5 to 10 years.
Believe it or not, most landscaping companies are operating without a well-defined business plan, which might lead you to question the purpose of putting in all the effort to create one in the first place. After all, everyone else seems to be doing okay…
But there’s the first clue towards your answer. Other companies might be getting by, and that’s fine for them, but you know you’re capable of more than just okay. Much, much more.
Still unsure? Here are a few other reasons why a thoughtfully written business plan is a total game changer:
It’s worth mentioning that these are the main sections typically found in business plan templates. Unless you need a formalized structure that appeals to investors, feel free to customize your plan and call your sections whatever you want. Instead of “Company Overview,” you could use something like “Our Why” or “The Reason We’re Here.”
Below, we’ll take you through the thought process to get to a finished plan.
Here are more details on each step, as well as which section of your business plan the answers relate to.
Step 1. Conduct market analysis
Analyzing the landscaping industry in your region forces you to step back and see the bigger picture before you delve into figuring out where your company will fit in best.
For this section, you want to understand who your competitors are and who your ideal customers are. This will require some research to uncover:
Your answers to these questions will make up the third section of your business plan: Market Analysis.
Step 2. Work out what matters
Now that you understand the landscape (literally!), figure out what makes your company distinct from all the others out there. Beyond just the fact that you’ll have a business plan, and they won’t.
Some of the questions to consider in this step include:
Your answers to these questions will form the second section of your plan: Company Overview. (Or whatever you decide to call it.)
Step 3. Study your numbers
Many landscapers skip crunching the numbers before starting their business. This is a mistake, because knowing your revenues, profit margins, budget and cashflow go a loooong way towards helping you complete the sections on sales, marketing and operations. (Which is also why we recommend writing this section now.)
That being said, what should you do if you don’t have historical data to work from?
If you don’t know your numbers – either because you haven’t been tracking them or your dog ate them – do your best with whatever you’ve got. Estimated guesses are okay for new entrepreneurs. You’ve gotta start somewhere, after all.
Try to puzzle together the following financial projections:
Your answers will help you build out the last section of your plan: Financials & Revenue Forecasting.
If you don’t have a formal financial plan in place, now’s the time to rectify that. This Budget Quick Tool is a great place to start.
Step 4. Decide how you’ll close jobs
Now you’re really getting into the weeds. Based on the figures you settled on in the previous step, write your sales and marketing plan by describing how you’ll convert leads into jobs.
If you can determine the following, you’ll be well on your way:
The answers to these questions will underpin the fourth section of your plan: Sales & Marketing.
Step 5. Set an operational path
At this stage, you’ve essentially identified where you’re going. Now you’ll start piecing together the high-level plan to get there.
Without getting bogged down in the nitty-gritty, sketch out the following:
These answers will help you round out the fifth section: Operations Plan.
Once you’ve completed this step, you’ve also laid the groundwork for your annual strategic planning , where you’ll break your BHAG down into executable actions. (The planning never ends… welcome to being a business owner.)
Step 6. Summarize it!
Alright, you made it to the final step, which is also the easiest. There isn’t anything to figure out here, you’ve basically got your plan worked out, you just need to create an overview of it.
It should include brief statements that cover the highlights of the other sections.
It may be the last piece you write, but it will ultimately be the first section of your plan: Executive Summary.
✅ | ❌ |
As Mike Tyson has famously said, everyone has a plan until they get punched in the face. A plan is only as good as your ability to implement it. Act like everyone else, and you’ll end up exactly as they are: average.
What differentiates elite painters from the rest is their ability to execute. But that’s definitely easier said than done, and not something you need to tackle alone.
As part of Breakthrough Academy’s coaching program, we’ll help you develop a Master Business Plan that includes everything you need to bring your goals to fruition, including an at-a-glance dashboard to keep tabs on your finances, sales and projects.
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Turn your green thumb into a different kind of green with a budding local landscaping business. Whether you’re starting your own or formalizing one you work for, begin with a business plan. Like starting any company, a business plan for your landscaping business will focus your mission, identify your clients, and help you grow. And growing things is already your specialty. With a sound landscaping business plan, feel more confident in your company’s launch and its future.
The first step in creating a landscaping business plan is to craft a mission statement. This is a short summary of why you do what you do.
Good mission statements do the following:
Located in Weaverville, NC, Lawn-N-Order Landscaping ’s website emphasizes its company’s mission: “At Lawn-N-Order, we approach a problem with your entire property in mind. We consider all the effects of our work on your property to ensure a beautiful solution which proves its functionality for years to come.”
An executive summary gives potential investors a look into your services and financial projections. As an outline for the rest of the business plan, the executive summary should wow while hooking investors to continue reading.
The best executive summaries generally include the following:
According to venture capitalist and business planner Dave Lavinsky , this last component is especially important when seeking a bank loan. “Banks will want to review your business plan,” writes Lavinksy. “Such a plan will give them the confidence that you can successfully and professionally operate a business.”
Although you preview your landscape business’s values and services in your mission statement, this section goes into more depth on what your company is, who it serves, and why.
Strong business descriptions generally include the following:
Your business description will have use beyond your business plan. Share it on your website along with your products and services.
Jason's Five Star Landscape & Design in Watertown, WI, states its services clearly on their website to make it easy for potential clients to know exactly what to expect when they call Jason’s company.
Here, you’ll include a thorough analysis of your area’s market and an overview of the industry. Entrepreneur and investor Ajaero Tony Martins shares that researching industry trends can even be the first thing you do:
“Before setting up a landscaping business, entrepreneurs should thoroughly investigate the industry and be certain that the location they intend to start their landscape business is ready for their service offerings.”
Include the following in your business plan:
Finally, share how you plan to market your business . Start by setting up your landscaping business with a free Nextdoor business page to connect with clients in your immediate neighborhood and build awareness beyond. Spread the word through social media, email, and through word-of-mouth business with a client referral program.
Your landscaping business will bloom growing and marketing it as the local business it is. Tap into the power of your neighbors on Nextdoor where 72% have been influenced by a recommendation and 71% have shared them. With your landscaping business plan in place and access to your local community unlocked when you sign up with Nextdoor , grow your business neighborhood-by-neighborhood, lawn-by-lawn.
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In today’s competitive business landscape, creating a compelling brand story is crucial for success. A well-crafted brand story can captivate your audience, differentiate your business from competitors, and build long-term customer loyalty. But how exactly do you create a compelling brand story? In this article, we will explore four key steps to help you unlock the potential of your brand and craft a captivating narrative that resonates with your target audience.
The first step in creating a compelling brand story is to define your brand identity. Start by asking yourself, “What sets my business apart?” Consider the core values, mission statement, and unique selling proposition of your company. These elements will form the foundation of your brand story.
Next, identify your target audience and understand their needs, desires, and pain points. This will allow you to tailor your brand story to resonate with them on a deeper level. By understanding who you are as a brand and who you are speaking to, you can begin crafting a narrative that aligns with your customers’ values and aspirations.
Once you have defined your brand identity, it’s time to craft your unique narrative. This involves telling the story of how your business came into existence or highlighting key milestones that shaped its journey. Share anecdotes that showcase the passion and dedication behind what you do.
Consider incorporating elements such as personal experiences or customer success stories into your narrative. These real-life examples help humanize your brand and make it relatable to your audience. Remember that authenticity is key; be genuine in sharing why you are passionate about what you do.
To create a compelling brand story, it’s essential to engage emotionally with your audience. People connect with stories that evoke emotions such as joy, empathy, or inspiration. Use storytelling techniques to create a narrative arc that takes your audience on a journey.
Consider incorporating elements such as conflict, resolution, and transformation into your brand story. This will help create a sense of connection and resonance with your audience. By tapping into the emotions of your target market, you can forge deeper connections and build lasting relationships.
Finally, ensure consistency across all marketing channels when telling your brand story. Your website, social media profiles, blog posts, and other marketing materials should all convey a consistent message that aligns with your brand narrative.
Develop a style guide that outlines key messaging points and visual guidelines to ensure cohesive storytelling across different platforms. This will help build recognition and reinforce your brand identity in the minds of your audience.
Remember that storytelling is an ongoing process; it evolves as your business grows and adapts to changing market dynamics. Regularly review and update your brand story to keep it relevant and compelling.
In conclusion, creating a compelling brand story is essential for unlocking success in today’s competitive business landscape. By defining your brand identity, crafting a unique narrative, engaging emotionally with your audience, and ensuring consistency across channels, you can create a captivating brand story that resonates with your target market. Invest time in developing an authentic narrative that showcases the passion behind what you do – it’s the key to standing out from the crowd and building long-term customer loyalty.
This text was generated using a large language model, and select text has been reviewed and moderated for purposes such as readability.
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6 common mistakes families make when selling a business.
Selling a family business can be a monumental financial event and a major emotional transition. Such a sale often results in a significant liquidity event, presenting the family with new wealth management challenges. While the influx of capital can open up numerous opportunities, it also introduces potential pitfalls. Here are six common mistakes that families make when selling their business and here’s how you can avoid them:
Hire a trusted wealth advisor who can help you reexamine your financial objectives and investment ... [+] goals.
In the swirl of getting a transaction done, it’s easy to be so laser-focused on getting the deal across the finish line that certain wealth planning steps are inadvertently missed or considered too late to be implemented. Before you sign a letter of intent to sell a business, there are a few key steps you should consider.
Solution: Transfer non-voting shares of a non-publicly traded company into an irrevocable trust. The irrevocable trust could be set up for the benefit of the wealth creator’s spouse, children, grandchildren, and future descendants. The shares would likely be transferred at a discounted value because the company is not marketable and not publicly traded. The value will likely be lower than it is when you actually have a concrete offer to sell the business. So then, at some future date, when you sell your business, the amount it sells for is now locked in because the trust owns the non-voting shares of the business. Additionally, that new value will be exempt from estate tax.
This leads to another point: If you live in a traditionally high-tax state like Connecticut, New York, New Jersey, or California, you should consider moving your tax domicile and residency to another state with no income tax such as Florida or Texas before selling your business. However, this process can take several months, so it’s important to map out a sufficient timeline to execute these steps successfully before the transaction closes.
The sale of a business can have significant tax implications, and without careful planning, families can find themselves facing substantial tax liabilities. For example, should you sell shares in the company or the business assets? Buyers and sellers can be at odds as sellers want to achieve capital gains, and buyers want to get a stepped-up basis for depreciation. They can be worked out by negotiating the sales price. Often, the excitement and relief of selling can overshadow the necessity of tax planning, which can lead to unfavorable financial outcomes.
Best 5% interest savings accounts of 2024.
Solution: Prior to the sale, collaborate with tax professionals to understand the potential tax impact and explore strategies for tax minimization. This might include timing the sale to coincide with specific tax advantages or utilizing trusts and other vehicles to manage the new influx of wealth. At my firm, planning in advance leads to advantageous timing that enables us to ensure that a client’s charitable intentions can achieve maximum tax benefits by offsetting ordinary taxable income.
If estate plans were structured around the business as an asset, they need to be revisited once the company is no longer part of the family’s portfolio. Failing to update estate plans can lead to inefficiencies and conflicts within the family, especially regarding the distribution of the new assets.
Solution : Update estate planning documents to reflect the current state of family wealth. This may involve setting up trusts, revising wills, and ensuring that the distribution of assets aligns with the family’s current wishes. Most importantly, share details of the estate plan with your heirs while you’re still alive. That way, your heirs understand your thinking, can ask questions, and be prepared when the time comes.
The example of legendary investor Warren Buffet, 93, is instructive. He recently shared some details of his estate planning with the Wall Street Journal . He said he plans to leave nearly all his wealth to a charitable trust overseen by his three children (a daughter and two sons). “I feel very, very good about the values of my three children, and I have 100% trust in how they will carry things out,” Buffett told the Journal .
A family’s financial landscape changes dramatically after selling a business. What worked financially for the family when the business was operating might not be suitable for managing post-sale wealth. It's crucial for families to sit down with financial advisors to redefine their financial objectives, taking into account their current and future lifestyle, legacy considerations, and investment goals.
Solution: Engage with trusted advisors to establish new financial goals and create a strategic plan that aligns with the family’s values and new financial status. A family may want to consider establishing a family office structure to help its members navigate and manage their wealth or perhaps join an existing multifamily office that already has the staff, systems, and processes in place.
With a large amount of capital suddenly available, there might be a rush to reinvest this wealth. However, hasty investment decisions can lead to poor allocation of resources. The lack of a business, which previously might have been a major investment focus, can lead families to diversify their investments without adequate research or strategy.
Solution: Take a measured approach to investing the proceeds from the sale. Develop a comprehensive investment strategy with a wealth management advisor that considers risk tolerance, time horizon, and the family’s overall financial goals.
Selling a family business is not just a financial transition but also an emotional one. The company often represents not just financial security but also a sense of identity and purpose for family members. Underestimating the emotional and psychological impact of this change can lead to challenges in adjusting to the post-sale reality.
Solution: Seek support from professionals specializing in family dynamics and wealth transition. Engaging in family governance structures can also help manage the emotional aspects and aid in the smooth transition of roles and responsibilities within the family.
Avoiding these common mistakes when selling a family business involves careful planning, professional guidance, and an understanding of the financial and emotional complexities involved. By addressing these areas proactively, families can secure their financial future and navigate the transition with confidence and clarity.
House prices have hit a two-year high after jumping 0.3% in August, the latest data from Halifax has shown. Scroll through the Money blog for this plus more personal finance and consumer posts - and leave your comments below.
Friday 6 September 2024 19:36, UK
By Jimmy Rice , Money blog editor
Away from Oasis ticket prices, the news agenda in Money this week was dominated by pensions.
We learned on Wednesday that the state pension looks set to rise by just below 4% next April - equalling around £400 extra per year for those on the full state pension.
Pre-2016 retirees who may be eligible for the secondary state pension could see a £300 per year increase.
Because of the triple lock, each year the state pension rises by whatever is highest from inflation, average wage growth or 2.5%.
Officials did nothing to downplay a BBC report, apparently based on internal Treasury figures, that average wage growth would be the highest of these this year.
The figures that would be used to set next April's rise are released next week but the OBR forecast is for 3.7% - which would take the full state pension to around £12,000.
Whether or not pensioners would view this as good news is up for debate (see our last post), but there was definite bad news for older Britons earlier in the week, as Chancellor Rachel Reeves refused to rule out heavier taxation on pensions in the October budget.
How could pensions be taxed further? We had a look here...
Ms Reeves also confirmed on Tuesday that she'd impose a cap on corporation tax.
She said the tax would be capped at its current level of 25% to "give business the confidence to grow".
A final piece of news from Money this week that could have consequences for your bank balance was confirmation that the Household Support Fund would be extended until April.
Councils decide how to dish out their share of the fund but it's often via cash grants or vouchers. Many councils also use the cash to work with local charities and community groups to provide residents with key appliances, school uniforms, cookery classes and items to improve energy efficiency in the home.
People should contact their local council for details on how to apply for the Household Support Fund - they can find their council here .
On the Oasis ticket price story, which continued to make headlines through the week including today, a post in Money appeared to help prompt a U-turn from official reseller Twickets.
The company told us it would be lowering its fees after criticism online...
Unofficial resellers were also in the spotlight and, on an episode of the Daily podcast, Niall Paterson spoke to Viagogo - eliciting an admission that things need to change...
Here in Money, we published a few explainers that are well worth checking out...
We'll be back with live updates on Monday - but do check out our Money blog spin-off tomorrow, a student finance special.
Have a good weekend.
We start this week's round up of your comments with Virgin Media O2's decision to axe its weekly free Greggs perk...
Customers on social media claimed they'd review whether they remained with O2 - while one Money blog reader asked what his rights were if he wanted to cancel...
I signed a new O2 contract on 16 August based largely on the advertised promise of the Greggs priority offer. I'm angry that I have been mis-sold my new contract and I will not be able to enjoy the benefit that I signed it for. I want to end it early, what are my rights? Phil
We looked at O2 Priority's T&Cs - and they clearly set out that they can make any change to the terms of the agreement and service without giving you a right to cancel.
Therefore, if you want to cancel you'll have to pay an early termination charge.
There is one exception - but only if you're in the first two weeks of your contract.
Consumer champion Scott Dixon says: "When you enter into a phone contract with a mobile phone provider online, it is classed as a distance sale and is covered by legislation.
"This legislation binds traders to provide key information at the point of sale including right to cancel information. This gives you a 14-day cooling-off period to leave without paying any termination fees, although you would have to pay for what you have used such as calls, texts and data.
"If you entered into the contract in-store, this would not apply."
This probably isn't what Phil wants to hear - but we did look at other ways he and others might be able to get free or discount Greggs...
This post, which we hoped would be helpful, didn't go down well with everyone...
How to eat Greggs on the cheap?! Give me strength... Pork Pie Percy
Another topic that elicited a strong response from readers was a campaign group's call for the chancellor to impose a pay-per-mile tax on electric vehicles.
EV drivers obviously don't pay fuel duty - and the pay-per-mile proposal would make up for lost revenue to the Treasury as more people ditch petrol and diesel cars.
The Campaign for Better Transport group proposing the tax says the public would be on board - but our LinkedIn poll suggests this isn't the case...
Readers said...
I wonder how many people realise that an introduction of pay per mile, I guess by means of a tracker type of device, will actually allow big brother to watch your every move when travelling in your car, your speed on any given road, accident data etc... our freedom is diminishing. Big Ian
EVs need electricity to work, the cost of electricity in the UK is mad. I pay higher electricity bills because I don't have a diesel anymore. Why should I be charged pence per mile just by having an EV? It's money and NOT pollution targets the government are looking at. A Grant
The proposed introduction of pay per mile for ZEV will clearly by necessary to compensate for the taxes lost from the sale of petroleum based fuels. This was always going to happen. EU4ME
Only a matter of time before they came for the electric clan. I wonder if sales of electric will now suffer? Chappers2013
Read more on this story here...
Pension stories always attract a lot of feedback - and this week's suggestion that the state pension will rise in line with average earnings growth next year was no different.
A rise of 3.7% would equal another £400 a year...
Wow how generous, suggested £400 rise to state pension would equate to a rise of £7.69 a week to a pensioner. But in reality, take away winter fuel and the rise is £100, that's £1.92 a week - will be rolling in the money. SueP
Without raising the personal allowance any pension increases will be eaten up with tax. This country is unbelievable in the way it treats its old folk. Monkee knows best
A potential £400 rise in state pension is hardly a headline, it's still a long way off from the minimum living wage. Prendy
An Oasis fan who spent more than £350 on a single ticket says she was left "fuming" after extra show dates were announced.
Diane Green, from Middlesbrough, was close to buying a ticket costing £158 but said she was kicked out of an online queue.
She then had to wait four hours to pay £357.95 for one ticket.
The 60-year-old wanted to buy a total of four tickets to take herself, her son and two friends to see the band at Heaton Park in Manchester, but said "there's just no way I could have got more".
"I would never have done it (purchased the ticket)," she said.
"If I had known they were putting more dates on, I would have just thought 'no, I'll chance it again', but it was really frustrating."
"I paid double. I could have got two tickets when I paid and now only one person can go. In our household, it's like, who goes?"
Ms Green said she bought the ticket thinking it was her only chance to see the band and was "absolutely fuming" when they announced more dates.
"It's disgraceful," she added. "For me to purchase a ticket for £358, it's a lot of money. I regret doing it in a way."
Oasis announced two new Wembley Stadium dates due to "phenomenal public demand" earlier this week.
It comes after controversy over the sale of tickets for their reunion tour, with 17 shows across Cardiff, Manchester, Wembley, Edinburgh and Dublin selling out.
Fans were beset with problems getting on to ticket websites, from being labelled bots and being kicked out of queuing to some ending up paying more than the advertised price of £148 as costs surged past £355.
Liam Gallagher appeared to brush off the controversy earlier as he joked about ticket prices on social media, telling one person to "shut up" after Oasis were accused of ripping off fans.
Nationwide's £2.9bn takeover of rival Virgin Money is expected to complete next month after the deal was approved by the UK's financial regulators.
The deal will still need to be sanctioned in court, with a hearing set to take place on 27 September, but it is due to be formally complete on 1 October.
It comes after Nationwide agreed to the takeover of its London-listed rival in March.
The building society struck the deal with a 220p-a-share offer for Virgin Money, including a planned 2p-per-share dividend payout.
It will bring together Britain's fifth and sixth-largest retail lenders, creating a combined group with around 24.5 million customers and more than 25,000 staff.
The new owners of The Body Shop are lining up tens of millions of pounds in new financing as they finalise a deal to buy the chain out of administration.
Sky News has learnt that Aurea, an investment company led by cosmetics entrepreneur Mike Jatania, is in advanced talks to secure more than £30m in working capital from Hilco Capital, a prolific investor in and lender to the retail industry.
Banking sources said that the deal between Aurea and FRP Advisory, The Body Shop's administrators, was likely to be finalised within days.
If confirmed, the new debt from Hilco would be used to help place the cosmetics chain back on a growth footing, the bankers said.
The UK economy would need investment of £1trn over a decade for an annual growth rate of 3% to be achieved, according to a business lobby group.
The Capital Markets Industry Taskforce (CMIT), which represents leaders in the financial services sphere, said £100bn a year must be found to help the country catch up after trailing its peers for many years.
It urged a focus on energy, housing and venture capital, arguing the money could be unlocked from the £6trn in long-term capital within the pensions and insurance sector.
The government has made growing the economy its top priority.
Prime Minister Sir Keir Starmer let it be known during the election campaign that he was seeking to achieve a growth rate of 2.5% - a level the economy has struggled to reach since the financial crisis of 2008.
You've waved your magic wand, and your "happily ever after" home appears...
It sounds like a buyer's dream - and one property has come to market that could be a dream come true for a Disney fan.
A semi-detached house in Rhyl, Wales, looks ordinary from the outside, but its interior has been decorated as an homage to Disney and other cartoon characters.
The cast of Aladdin, Maleficent from Sleeping Beauty and Tinkerbell from Peter Pan are just some of the characters displayed around this three-bed house.
It's been put on the market for £179,950 - more than £44,400 less than the average price of a property in Wales (you can read more about this in our 8.54 post).
On Zoopla, it is listed as being close to public transport and within walking distance to the town centre.
It also has two reception areas, a shed and a garden.
According to the online estate agent, it is "ideal for first time buyers".
Daniel Copley, consumer expert at Zoopla, told the Money blog: "It goes without saying that this property would make the perfect home for a Disney fan with its spectacular murals showcasing a whole new world.
"Aside from this, the property is conveniently located near the local leisure centre and schools, while Rhyl’s beautiful beaches are also within walking distance."
Visa says it is planning a new service which offers more control and better protection to people paying bills by bank transfer.
The dedicated service for account-to-account (A2A) payments will launch early in the UK next year, it said - with an "easy to use" resolution service that could make it easier for customers to claw their money back if something goes wrong.
Visa said consumers using the service will be able to monitor their payments more easily and raise any issues by clicking a button in their banking app, giving them a similar level of protection to when they use their cards.
Biometrics will also be incorporated to offer a new level of security, it added.
Royal Mail is hiking the price of first class stamps again - this time by 30p.
From 7 October, they will increase to £1.65, while second class stamps will remain at 85p.
In April, first class stamp prices increased by 10p to £1.35, and by 10p to 85p for second class.
Royal Mail said it had sought to keep price increases as low as possible in the face of declining letter volumes, inflationary pressures and the costs of maintaining the Universal Service Obligation, under which deliveries have to be made six days a week.
It added that letter volumes have fallen from 20 billion in 2004/5 to around 6.7 billion a year in 2023/4.
This means the average household now receives four letters a week, compared to 14 a decade ago.
In the same period, the number of addresses Royal Mail must deliver to has risen by four million, meaning the cost of each delivery has also risen.
Nick Landon, Royal Mail's chief commercial officer, said: "We always consider price increases very carefully.
"However, when letter volumes have declined by two-thirds since their peak, the cost of delivering each letter inevitably increases."
He called for the universal service to be adapted to reflect changing customer preferences, saying the financial cost to meet the current demands are "significant".
"The universal service must adapt to reflect changing customer preferences and increasing costs so that we can protect the one-price-goes anywhere service, now and in the future," he added.
Postal regulator Ofcom said this week that Royal Mail could be allowed to drop Saturday deliveries for second class letters under an overhaul of the service.
Up to 60 new Wagamama restaurants could be coming to the UK.
The Asian food chain's owner, The Restaurant Group (TRG), said it wanted to operate between 200 and 220 premises across the country as part of a long-term plan.
It's currently on track to open 10 new sites this year, which would create around 500 jobs, according to The Caterer.
It comes as TRG posted its financial results for the year ending December 2023.
It said Wagamama saw its dine-in like-for-like sales increase by 11%.
It's other brand, Brunning and Price Pubs, saw sales go up by 10%.
TRG's chief executive Andy Hornby said 2023 was a "genuinely transformational" year for the company.
"We traded strongly throughout the year thanks to the phenomenal efforts of our restaurant and pub teams," he said.
"We are on track to open 10 more Wagamama sites in the UK during 2024 and we have acquired 100% ownership of our Wagamama business in the USA."
He added that he was "confident" that the company would continue to grow in the years ahead, despite the "challenging" consumer backdrop.
Amazon has announced it will boost pay for tens of thousands of its UK workers by nearly 10%.
The online retail giant said the minimum hourly wage for frontline staff would rise to between £13.50 to £14.50, depending on their location. For those with 36 months' service, the increase will be to between £13.75 and £14.75 an hour.
Amazon said the pay rise was worth at least 9.8% and will come into effect on 29 September.
However, GMB, the union representing Amazon workers, said the move was "too little too late" from bosses who have been "forced to act by workers' industrial action".
Amazon workers in the UK have staged a series of strikes recently, including a walkout of hundreds of staff at the site in Coventry in March.
The company said it has invested £550m in increased pay for UK operations employees since 2022, representing a 35% increase in the hourly rate over the period.
Amazon UK's country manager John Boumphrey said: "Our frontline employees across the UK Operations network are a huge part of the success of our business and we appreciate everything they do to deliver for our customers."
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1. Develop a Landscaping Company Business Plan - The first step in starting a business is to create a detailed landscaping business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.
Business Plan. Creating a comprehensive business plan is crucial for launching and running a successful landscaping business. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your landscaping business's identity, navigate the competitive market, and secure funding for growth.
1. Create a Plan. When starting a landscaping business, the first step is to create a plan. It doesn't need to be as comprehensive as a traditional business plan, but it is worth outlining the ...
By following these nine simple steps, you'll be well on your way to running a successful landscaping company: 1. Create a Business Plan. Before you start your landscaping business, it's essential to create a business plan. At the least, it should include the services you'll offer, your target market, and pricing.
Writing an Effective Landscaping Business Plan. The following are the key components of a successful landscaping business plan:. Executive Summary. The executive summary of a landscaping business plan is a one to two page overview of your entire business plan. It should summarize the main points, which will be presented in full in the rest of your business plan.
Traditionally, a marketing plan includes the four P's: Product, Price, Place, and Promotion. For a lawn care business plan, your marketing plan should include the following: Product: in the product section you should reiterate the type of landscaping business that you documented in your Company Analysis.
As a landscaping business has a large scale of functioning, you need to include this section in your plan. 6. Financial Plan. Writing a financial plan is a necessary step toward creating a well-rounded business plan. A financial plan helps your business in becoming cost-effective and profitable.
These 7 steps outline the basic process for creating your landscaping company so you can start making a profit fast. 1. Choose Your Niche and Service Offering. Landscaping and lawn care services offer great potential for gaining recurring customers, but you may also face competition in profitable areas.
Annually reviewing and adjusting your company's business plan helps you to scale your landscape business strategically. This article describes what to include in a landscape business plan and provides a free landscape business plan template to get started. >> Download Aspire's FREE landscape business plan template. 1. Executive summary.
Work with your insurance provider to create a custom business owner's policy with the coverage you'll need to run your business. 4. Open a business bank account. Set up a business bank account and get a business credit card. Separate bank accounts will keep your business expenses separate from your personal ones.
1. Describe the Purpose of Your Landscaping Business. The first step to writing your business plan is to describe the purpose of your landscaping business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers' problems.
ClickUp's Business Plan Template for Landscaping Company provides all the essential elements you need to create a comprehensive and organized business plan: Custom Statuses: Track the progress of different sections of your business plan with statuses like Complete, In Progress, Needs Revision, and To Do.
A Sample Landscaping Business Plan Template. 1. Industry Overview. It is not enough to own a property that is well designed and built; the hallmark of any property is the beauty of the lawns and gardens. Landscapers are in the business of giving total esthetic effect in and around our neighborhoods.
A landscaping business plan is a document that outlines the goals, strategies, and financial projections for a landscaping company. It is important to have a business plan in place before starting a landscaping business, as it will help you to map out the potential growth and financial stability of the business.
5. The strategy section. When writing the strategy section of a business plan for your landscaping company, it is essential to include information about your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants.
Your marketing plan should include, at minimum, how you plan to use social media, customer referrals, online ratings, in-person events like lawn and garden shows, and direct mail. 6. Financial Plan. The way you spend and manage money is one of the most important aspects of survival and growth as a business.
STEP 2: Name your landscaping business and decide on a business structure. One of the more enjoyable parts of creating a business is deciding on the name. Landscaping businesses owners often ...
5. Establish a business bank account. Keep your personal finances separate and open a business bank account. This is critical if you've formed an entity for your business and, even for sole proprietors, it makes it easier to do your taxes and create financial reports. To open an account, you will need your EIN.
4. Write a Business Plan for Your Company. Once you get the tasks above checked off, you can start creating an official business plan. Your plan will be your company's roadmap for the next year or two. It will also be necessary if you intend to apply for any business financing. A business plan includes the following components:
3. The products and services section. When writing a business plan for a landscaping company, it is important to include an accurate and thorough description of the products and services offered. You should provide potential investors or lenders with a clear picture of the scope of work that will be done by the company.
5.2.1 Sales Forecast. The first month will be used to set up the office, purchase the necessary lawn care equipment, hire and train an employee. Additionally, during the last two weeks of the month, Steve will be canvassing the neighborhood to build up a customer list. Month two will see some business.
Step 1. Conduct market analysis. Analyzing the landscaping industry in your region forces you to step back and see the bigger picture before you delve into figuring out where your company will fit in best. For this section, you want to understand who your competitors are and who your ideal customers are.
Manicure with a mission. The first step in creating a landscaping business plan is to craft a mission statement. This is a short summary of why you do what you do. Good mission statements do the following: Say a lot with a little - The mission statement includes your objectives and values in an easily digestible sentence or two that clearly ...
In conclusion, creating a compelling brand story is essential for unlocking success in today's competitive business landscape. By defining your brand identity, crafting a unique narrative, engaging emotionally with your audience, and ensuring consistency across channels, you can create a captivating brand story that resonates with your target ...
1. Failing to Plan Ahead . In the swirl of getting a transaction done, it's easy to be so laser-focused on getting the deal across the finish line that certain wealth planning steps are ...
A panel of "experienced" tea drinkers blind-tested varieties from supermarkets and fan favourites such as PG Tips and Tetley. Scroll through the Money blog for this plus more personal finance and ...