Naive question.. Is tree service a good business?

[tbk125]

I know people may not like this question but do well run tree service businesses make a lot of money? Is it common for someone to be wealthy from owning one?

 

[Del_]

They are like any other business.

 

[tbk125]

They are like any other business.

I think I know what you mean, thank you for responding.

 

[ATH]

Agreed. If it is run well, lots of room for growth and a good ROI. If it is run poorly, lots of opportunity for endless debt that you'll never dig out of.

Like any other business!

 

[Blue Oaks]

Define wealthy. I was sitting at a bar a couple months ago talking to a guy I'd never met. We started talking about high cost of living (it is high around here, very, very high) and he said he's targeting $4M in investments to retire. I was a little shocked, but 6% of $4M is $250k/year in proceeds. That's about what you need to comfortably retire here. I guess I'll never retire.

 

[ATH]

Wealth: having more than you need.

 

[tbk125]

Define wealthy. I was sitting at a bar a couple months ago talking to a guy I'd never met. We started talking about high cost of living (it is high around here, very, very high) and he said he's targeting $4M in investments to retire. I was a little shocked, but 6% of $4M is $250k/year in proceeds. That's about what you need to comfortably retire here. I guess I'll never retire.

You are right, wealthy is all relative.. but I guess this is a good example. Making a few hundred thousand a year, eventually becoming a millionaire.

 

[Blue Oaks]

You are right, wealthy is all relative.. but I guess this is a good example. Making a few hundred thousand a year, eventually becoming a millionaire.

My two cents is this. If it's easy to do, everyone does it and there's too much "supply" for the "demand" for a given business. If it's hard to do, or requires special skills or equipment, it weeds out the people who can't or won't do it, making it more lucrative.

 

[greengreer]

Best way to make a mil in the tree business is to start with 5 mil...