How to Stop Underpricing Your Jobs (w/ Naylor Taliaferro) - Part 1

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Green Industry Podcast 29 min 4 speakers 5 chapters transcribed 1 month ago
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What is the main focus of this episode and who are the hosts?

Marty (Producer) 0:03
Hello and welcome to the Green Industry Podcast, your go-to guide for building a more profitable and thriving lawn care and landscaping business. Your host, Paul Jameson, is the author of five best selling books, including Cut That Grass and Make That Cash, and his latest, Level Up Your Money. All available on Amazon and Audible. Now, get ready for more expert insights and practical strategies. Strategies to boost your business and level up your life. Here's Paul Jameson.
Paul Jamison 0:39
Welcome to the show. Today we're gonna talk about how to price our work more profitably. And my special guest today is Naylor Taliafero. I'm gonna try to connect to Instagram here in a moment. Oh, here we go. All right. Today we're gonna talk about how to price our services more profitably. Are you charging enough? Are you making the mistake of your scaling your business, but your prices are so low, you're digging yourself a big hole.

Why do many lawn‑care owners underprice their services and how does it hurt profitability?

Paul Jamison 1:08
To talk about this, we have expert from Mid Lothian, Virginia, and my friend, Naylor Talia Ferro. Welcome to the program, Naylor.
Naylor Taliaferro 1:15
Thanks, Paul. Well w thanks for welcoming me back. Welcoming me back. Thanks for welcoming me back. There you go. That's a tongue twister.
Paul Jamison 1:23
Naylor has been my top guest on the podcast, like the most frequent guest, and honestly you're my favorite guest. So we've uh the laughter the amount of times we've just belly laughed on the show, uh just had a good old time laughing is is priceless. So on air and off air. I mean we just had an episode of laughs, so
Naylor Taliaferro 1:44
Yeah. And and you know, and and that's I think one of the reasons why I really enjoy being on your podcast too, is is for that very reason. And and you you know as well as I do, so many times you've told me stories and I have personal stories or literally, you know, someone pulls up on the on the same street as me and they're like, Are you the lawn care rookie? And I'm like, Yeah, and it's like, Oh, I was just listening to you and Paul on the way here. You guys have me cracking up, you know, like that's it's it's good stuff. Like we we provide value, but also Also you know try and Encouragement, you know, like lighthearted, like laugh, have a good time, like have some fun, like because it it definitely can feel like lonely and isolated out there, you know, in the heat, you know, especially if you're by yourself mowing all the all those lawns.
Naylor Taliaferro 2:24
But uh, so it's good to be able to connect, right? Connection is key, connection and community for sure. So I I enjoy uh cracking up with you and and and getting value out there as well. That alone is valuable, just having people cracking. up in the in the yard on a mower and the my customers are probably like, What in the heck's this guy doing?
Paul Jamison 2:42
Oh, good times, good times. Well, if you run a business, you know how stressful it can be because we have expenditures. You got I was just uh hearing a story last night of somebody um who has a $200,000 insurance bill coming up due. And I was like, $200,000. Like you can buy a house for $200,000. And that's um what this fella has to pay in insurance, you know, for his large organization. And I was like stressed out just hearing that. I was like, oh my gosh, $200,000 insurance bill. And as as lawn care business owners, I mean, you got to pay for your shop, you know, whether you're renting the old CubeSmart storage unit or whatnot, you got to pay for your lawn care. lawnmowers. You got to pay for the blades on the lawnmower.
Paul Jamison 3:27
You got to pay for that string trimmer, the the string that goes in the string trimmer. You got to pay for your labors, just the biggest one. And I could sit here for the next five minutes and just go down and down and down down the list that that our friend John Pajak, you know, so um eloquently reminds us of And it's a problem, Naylor, that when you pay all those expenses, you might feel like money's coming in, but it's just it's like you got a hole in your pocket. It's like, where did all the money go?
Naylor Taliaferro 3:53
Yeah, a a hundred percent. And and um and to that point there there's literally Two two businesses in my local area that I've known for many years that have gone out of business.

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