You don’t really know the margins yet.
If you search for “margins of a lawn care business” it comes up and says “5-20%”. I guess I missed the memo. It’s around 50% for us!
Your problem is a lack of asymmetric returns. With a brick and mortar store you are limited. If you hustle your a$$ off and have perfect marketing you may increase revenue by 20%, but with a different business you can work your a$$ off and increase revenue by 9000% percent.
With that said, I still think you should do it. A slim margin business is better than a zero margin non-business. And it’ll teach you so much in the process that it’ll lubricate your next business ideas with real skills and experience.
If you search for “margins of a lawn care business” it comes up and says “5-20%”. I guess I missed the memo. It’s around 50% for us!
Your problem is a lack of asymmetric returns. With a brick and mortar store you are limited. If you hustle your a$$ off and have perfect marketing you may increase revenue by 20%, but with a different business you can work your a$$ off and increase revenue by 9000% percent.
With that said, I still think you should do it. A slim margin business is better than a zero margin non-business. And it’ll teach you so much in the process that it’ll lubricate your next business ideas with real skills and experience.
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