"Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.
put a spreadsheet together to see what assets you are buying and what revenue stream you are buying. see how long until you get your money back.2 zero-turn mowers, two push mowers, two blowers, two weed eaters, the trailer, and 32 existing customers on annual contracts (worth roughly $31k gross)....all for $20k.
If you're looking for cash to use for a business idea, I would get into sales. Unless you have some other special skill or unique situation like owning some income-producing asset, sales will be very useful. I did well. My best friend just made 10k a month ago and it's his first year selling cars. He is using sales to get money to get into real estate and that's his goal. He said he could be happy shooting for 50 million. That works for him. I just feel like I'm choking if I'm not doing something that really pushes me. It just depends on what you really want.Would a lawn service be considered a fast lane business. If not, I feel like it could be a good vehicle to get you closer to a fast lane business. I feel like this would be much better than regular job trading time for money.
Can you automate the response to outreach, put them on a waiting list and raise your prices?Update: Even with the systems I've set up there's still almost too many people reaching out for lawn care. Only signing up people for year-long contracts. I have to get a new place this year too.
I have 5 sections that shape my service area like a pizza and each area is serviced on a specific day. The properties only a couple of minutes away can be filled in any day to fill empty spots. So that optimizes routes pretty well.Just curious if you have a software for this, or if you manually optimize the routes/procedures.
Awesome. You seem like the kind of person who would automate/optimize where possible, so I would have been surprised if you were manually doing it.I have 5 sections that shape my service area like a pizza and each area is serviced on a specific day. The properties only a couple of minutes away can be filled in any day to fill empty spots. So that optimizes routes pretty well.
The procedures are on an app called housecall pro. The ipad has it's own apple ID and email so its also the login email to an employee profile on housecall pro, so I can dispatch jobs to the ipad or whichever ipad is in each truck as I add more crews. And I can make the jobs recurring. I can also track the location of the ipad live and look at routes taken and track time on each job to see where there are inefficiencies or maybe the guys are wasting time. Each "job" can have notes and has an auto generated photo of the street view of the property to help identify the right house when arriving. I can include notes from the customer like if they want something done specifically during that visit or to make sure not to do something they don't want done. It's a better way to communicate with the workers when it comes time for that. It also helps having recurring services because workers will become more familiar with the properties and any errors can be corrected.
Definitely makes you think about what's possible. I keep thinking it's too difficult to teach my employees what I know (and thereby free up more of my time). But that's ridiculous, since I learned it somewhere.If McDonald's and Walmart can hire idiots and make billions, so can you.
If 500 people called me and wanted to sign up, I could quote them online, collect their credit card info, spend 3 hours writing out the schedule for them, run their first payment, use that as a down payment with a private loan to purchase 14 trucks, trailers and equipment, and rent a empty lot to park everything, and I could hire the workers within a couple of weeks using temp agencies, Craigslist, Indeed, etc. And then I have a +1 mil / year business operating at a 40% profit margin. It would not be the easiest couple of weeks but I could do it.I violates the commandment of scale.
makes a bunch of money in the meantime......I violates the commandment of scale.
I could be doing everything better.
This looks awesome! Which one did you choose, Sri Lanka, Himalaya or India? Do you do it all on your own or do you have some mates that will go with you?
India. The January one.This looks awesome! Which one did you choose, Sri Lanka, Himalaya or India? Do you do it all on your own or do you have some mates that will go with you?
It reminds me of when I decided in January that I could run a marathon, so in April I finished my first marathon ever. I like the idea of thinking about some crazy/funny stuff and then actually doing it.
Pretty much like entrepreneurship I guess.
I'm gearing up for the Bataan Death March next year, but this thing sounds wild!For the last couple weeks, I've worked about 4 hours each week while my employee worked. My business brings in enough to pay for expenses, an employee working full time, and all of my personal expenses. In the winter, I will have an extra 3000-3500 each month because I will have the same revenue without an employee or work to do so no gas or other expenses. That is if I do pretty much no work at all. I could just sit on the dock and relax all summer, get a second truck in the winter, sign up lots of customers and have two crews working full time next year and continue not doing the actual work. However, my brain gets weird when I don't work. It just turns off, gets foggy, and I become stupid and unhappy. It's funny that I'll dream about doing nothing like in office space, and then when I can do nothing, I hate it.
So instead of being lazy, I am going to sign up more customers, help my employee work and get done early in the day so I can make more money, get my blood moving each day, get done around 4pm and still get to enjoy the lake. I'll grow, have more money to save up for a rainy day and get to a second truck by this year possibly. If I can get to two trucks working full time, this winter will be quite an experience. It'll be more money than I've made in a year in a couple of months without doing hardly any work. I'll have 2 weeks off, then 8 weeks off just two weeks after that.
As I was writing this, I thought about what I'm going to do this winter and the answer is a rickshaw run . I like making decisions fast like that and I did the same when I decided to climb Mt.Rainier and bungee jumping so this is no different. It'll give me something to work towards and focus on.
another update: just paid for my ticket. I forgot you need a team lol.
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People don’t care about financial incentives like that. They tell their neighbor just because they like you and you speak English. Everyone gets a “discount”.Btw, I thought of a marketing ploy. Offer clients and their neighbors 5% off for each contiguous neighbor. That way you can do say ten lawns at once. The 5% is off each new price so for $50 full fee it would go
0 neighbors $50
10 $31.51 ea. Basically, you make $315 without having to move the truck
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