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I respect everything in the above that has been said.
I understand your concern of another company starting up, that comes as a threat to take away your business.
I do notice that there has been alot of assumptions.
I do plan to claim all the taxes. Being as Im having help from family such as my Dad, My brother inlaw and his two younger brothers who all have full time jobs ARE NOT exspecting to be paid in anyways. they are doing this all as a leg up for me to get a start on it. The money made will be put directly back in to the business so I wont make extra cash to pocket right away. But my taxes will be done properly.
My Mom is a Head manager at a bank, so the number crunching is done for me already. She will take care of doing the taxes each year.
My dad is a full time local cement mix driver ready for retirement. that is willing to help me get going in life to succeed and is in know way exspecting money back from me.
My brother in law who I just helped with his part time fire wood business will be helping me that same way I helped him to get his company going. No money will be transfered to either of us. we will only be trading our help back and fourth.
His two brothers working full time, Also who help him with his business for no money at all want to do the same thing for me to get this going.
The WCB topic. I know all about WCB and with family. we have already talked about this and as my idea to bring it in, the all agreed that to get it started it would be best if we hold off on it intill I start to hire employees when I get to the stage down the road.
The work load around here has sky rocketed, with hundreds of house going up everyday there are many lawns needing to be done. I have looked and looked and looked and there is no other company/business around here just laying sod. The landscaping companies around here are charging almost double to lay the Sod as well. We also dont have that many landscaping businesses around. for the whole area we may have about 13 medium sized companies. and a few small independant people.
The market is perfect for right now and the next couple of years.
And with the over load of lawns/yards, there are not enough people/companies to get it all done. Who will I be hurting to do 2 or 3 lawns on a saturday? when they are behind 1000's of lawns?
I know that Im very young to even think about this, but with the help and support I have from my family, and the market right now, why not?
Im not planning on jumping in to this tomorrow. I plan on researching, and I will have plenty of lawn to practice on with another round of house my parents have built now needing the landscaping and lawn finished.
My first few lawns will be to test the market out and see if its worth taking it from there.
I also understand the point of Family= Failed business. We live 10 minutes away from a family that has had so many law suits in the past 10 years its almost unbelieveable. then again they all wanted a certain share in the company.
My mom and dad dont want a thing back. They have succeed in life and have their own contracting company and their full time jobs. They want to see me succeed and will support me.
My Brother in law, is the same. In our family money owing to each other has never been a problem. We help each other to what ever is needed. thats the way we are.
Ive realised this was a mistake to ask for help and advice, all I got from the majority was slashed and ridiculed. Thanks to the few that supported me.
If there is any thing else I can clear up for you Please ask and I will.
I come from a business oriented family, as well I work for a guy who built his company from nothing. and he has given me a vast amount of knowledge on running a copmpany and how things need to be done. Im smart with money, I got striaight A's in school, and have all the motovation one person can need. My goals in life are to succeed and thats what I plan to do.
Thanks for the help!
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