Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

How a paid-off asset put this business in a unique position

30 Mar 2024 · 0 min

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Short excerpt from a YouTube video where Mike Andes interviews Aaron about his business assets. Aaron states that the loader, two tractors, a skid steer, and two trucks are paid off. Mike observes that with equipment and trucks paid off, Aaron can sell assets and move away from snow plowing toward simpler, more sustainable services that require less daily involvement from him.

The loader, for example, what's the payment still remaining on that one?
That's paid off.
Oh, that's awesome.
That the two tractors, the skid steer and two trucks are now all paid off.
With the equipment and trucks paid off, Aaron is in a unique position to sell some of his assets to facilitate moving away from snow plowing and transition into more simple services. This transition will allow him to build a more sustainable business without him having to be so involved in the daily operations.