The Truth About My Lawn Care Equipment, Financing VS. Cash
The Truth About My Lawn Care Equipment, Financing VS. Cash
If you are just joining my journey, you might not understand how I have built my business and structured my life. I hate debt, I do not want to be tied down to a monthly payment for more than my mortgage. I am just trying to help out some younger guys to not get stuck in shiny things and not be able to use your income to grow your business and wealth!
B&B Store: https://teespring.com/stores/bblawncare Store
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B & B Lawn Care provides weekly lawn mowing for residential and commercial customers. Striping properties near Kansas City, Liberty and Gladstone in Missouri.
We understand you have a busy lifestyle! When you are a weekly client, you will come home to a well manicured lawn. Not home when we show up? No problem, payments can be made weekly or monthly. We can have you set up FAST, EASY and have your property in tip top shape!
Commercial Equipment:
Scag
John Deere
Ventrac
Wright Stander
Stihl Trimmer
Echo Power Equipment
Some Of The Topics We Talk About:
-How to name your company?
-How to grow your social media?
-How to bid a property?
-Cannon 70D
-How we are going to grow in 2016?
-New truck?
-How to grow my company?
-How to get more clients?
-How To Reach Your Goals
-Drones
-Videography
-Lawn Care
-Lawn Care In Kansas City
-Landscaping
-Mulch
Other Great Channels:
Geek To Freak Fitness, The Lawn Care Nut, Gary Vaynerchuck, The Landscaping Employee Trap, Top Notch Lawn Care, Ring Lawn Care, Roman Atwood, Casey Neistat, The Pond Digger, JIT Supply, Grant Cardone
Are you looking for Lawn Care in Kansas City? Call B&B!
We Always Try To Mix Videography, Business and Entertainment Together!
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Whats up ninjas
How many lawns do you guys mow
When you made this vid Covid wasn’t here as it and look back now. Well said man all truth.
This video aged well, awesome video!
Bad leveraging with cash all the time. Finance if you have enough business and good interest rates to justify it
bro osrs yu hell smart bro
Fantastic video!
I am a 26-year-old Australian with a bit of anxiety, but I know I’d have more anxiety financing for my small business.
Great advice. I’m about to make 55k in business purchases all cash at 19. 35k of that being a truck. It can be done
Btw, were only an 18 month old company.
Cash only is very risky. Once you run out of cash, good luck getting a loan. I think you need a healthy balance of both.
Wow, just wow.
Cash for every purchase, that’s a quick route to going under. Simply bad advise. I’m glad to see a lot of comments below disagreeing with you. The MOST important thing you need is working capital. Why in God’s name would you ever pay off a mower in cash. 50% down at the most. Use the 0%, why deplete your bank account? Unless you had 100K in cash in the bank and if you did that should be in a short term CD or some other type of short term interest bearing account.
Just bad advise
You nailed it on the video! Great advice for a young business owner like myself, thank you.
0 percent financing isn’t real. Go look at your statements. There’s a built in fee. I run a half a million dollar lawn maintenance company , all cash, and I make over 200,000. You can’t buy it, you can’t afford it.
I feel the same way about the economy. Pay your stuff off fast. My truck is 16 years old. The clear coat is bad but Im about to do my own Raptor bedliner over the whole truck to spruce it up
I say like I’ve always said start small and just grow your business year after year and be patient stay disciplined avoid getting in debt
Best video on YouTube
I think chant is the other side of the fence on this one. He has to have so many payments due each month.
If you need to explain the difference in paying cash vs financing , then your audience are some seriously dumb motherfuckers, and have nooooooooo business being in business.
You are right to me.
Boy you was dead on with that economy though , we are living in those times you were speaking about ..
Yeah but when your dropping 10 15 k here and there your killing your cash reserves. I say use cash on some things where its not reducing your savings so much. Play with someone else’s money while you keep building your cash. Until you have enough where 10k is a drop in the bucket
Slippery slope love it
Used equipment costs too much money in parts. I am lucky that this year rather then dumping a couple gs into my walk behind. I’m getting a zero interest loan for a vride2. It will add very little stress to my life
I’ve been in business for last 2 years and I refuse to borrow money for any of it thanks to Dave Ramsey keep up the great video👍
90% of people do not know the difference between an asset and a liability. Borrowing to buy an asset is ok if the price is right. Borrowing to buy a liability is never good unless you are the bank.
We found you today
Good info
This dude spoke a lot of Truth
Hey your discount code doesn’t work on Darwin’s grip that’s sucks lol
Great video Blake you nailed it, I’m your age and have paid cash for everything from day one besides my home which I’ll have that knocked out next summer. Sounds like Jason ambro and Alex nickens have the same mindset and look where there at. Hard work go’s along way as you already know, keep up the good work Blake. 👍
Major key is to live within your means
The nice thing about used machines is you learn how to do repairs and maintenance. And you get good at fixing things. Sometimes it’s better to buy new then to keep fixing equipment even if it means financing. Perfect example. My truck would break down every 3-6 months. Sometimes leaving me stranded. Had to get a new vehicle to replace it. Fortunately had the cash to do it. But it was like making a car payment with all the repairs. And the added hassle of breaking down while on the road.
Cask is king you don’t owe nothing to anyone and it’s yours that’s the best advice
Or instead of taking out 10g’s and paying cash you can spend $300/month and pay of your equipment slowly and still have your 10’g’s in the bank I mean what’s $300 now a days
Buy cash always search for a good deal out money aside for slush repairs.
At 0% payments are the exact same as putting the money away to buy it cash, the upside is that it builds credit and you get to use the machine immediately
Thank you!!! for the advice my man!!!
Great video Blake I’m on the Dave Train. Will be paying off all my debt at the end of the season gonna be a great feeling. Yeah I almost financed a new truck dump trailer and mower but was listening to Gary V podcast about staying patient and will be growing the business debt free. Less stress ! Keep up the great work
I agree paying cash is good in certain situations, but I’ve learned that if you can use opm(other peoples money) to your advantage, alwayssss do that when you have decent cash coverage.
U were right about the economy crashing!
Gary V and Dave Ramsey are some excellent mentor’s!
You should be charging a small monthly cost like gasoline. It builds credit by doing nothing special and no big loan commitment. Definitely charge small monthly costs.
thankyou blake you probably just saved my business
Dude All my equipment I’ve gotten has been older and used. Never financed any equipment. And I have become better at fixing equipment.
I’ve been in business for last 2 years and I refuse to borrow money for any of it thanks to Dave Ramsey keep up the great video👍
I’ve seen so many people get into lawn care, financing the pickup, financing the trailer, financing the mowers…get out of it the next year, selling everything for whatever they can get for it because they feel like they’re working for free. I bought a lot of stuff for cheap from people like that, some needed repairs, most didn’t. The stuff that needed repairs was still under warranty for the original owner but they were so disgusted with working for free they sold it as is where is, and using those things at the end of my own shirtsleeves, I fixed it and still use it.
That was a good video guess I will re subscribe to your channel,
Yeah DR filed for bankruptcy so it’s kinda hard to.take financial advice from someone who did that
Super thumbs up. I have a lot more respect for this young man. Best of luck to your business.
1 and a half years later the economy crashes