From Mowing to Growing: Jonathan Lloyd's Journey of Smith & Lloyd
This lesson is an episode of The Epic Entrepreneurs.
Listen to the episodeWhat you'll get
Jonathan Lloyd, who co-founded Smith & Lloyd Landscaping in Asheville after moving to town in 2015, tells The Epic Entrepreneurs, a podcast from a firm that sells business coaching to local service owners, how he and his partner began with a friend's lawn accounts, a trailer and a walk-behind mower and grew mostly by word of mouth. He admits they underpriced for years, setting their first rate at old wages plus 50 percent, and says turning away poor-fit customers helped, a lesson for any new trade owner.
Do this week
Work out what an hour of your work really costs you, including pay, taxes, fuel, equipment and insurance, add a profit margin, and compare the result with the hourly rate on your last three quotes.