Search

Home > The Off Farm Income Podcast > OFI 652: How To Start A Wood Splitting Business | Lou Mincek | Lumberjack Lou’s Log Splitting


	Podcast:		The Off Farm Income Podcast
	Episode:		OFI 652: How To Start A Wood Splitting Business \| Lou Mincek \| Lumberjack Lou’s Log Splitting
	Category:		Business
	Duration:		00:47:20
	Publish Date:		2019-07-26 01:30:20
	Description:		SHOW NOTES KEY IDEAS: In our discussion today we get to profile a hard working entrepreneur and a business that seems so simple but that has a lot of possibilities. Lou Mincek looked around the area of Ohio that he lives in and saw a need for a business. Lot’s of trees had been cut down due to disease and insect pressure, and tree companies just left them sitting there. They did not bother to cut them into rounds or to split the wood for the owners. Lou also saw that nobody was providing a log splitting service for all these people with wood sitting on their property. He decided to fill that void, and Lumberjack Lou’s Log Splitting was born. Lou did a great job with his Craigslist ad, and he had a logo designed. To date this is responsible for about 95% of his new business. His reputation among tree services has grown, and he also gets referrals from businesses that are falling trees on people’s property. Lou is not sure where he will take this business in the future, but the opportunities are there. He already has customers that ask him to do other things on their property which leads to more revenue. Any business like this one of Lou’s or the business that I had exterminating gophers are funnel fillers. What I mean by that is if you do a great job for your customers and develop a good relationship with them, you can offer them other services and get more business. This may take place in the form of a new business entirely that you can approach them with. Or, it might be an additional service in your existing business. Either way having these relationships and this customer list can help you fill that new sales funnel. ADVICE FROM LOU: DON’T GIVE UP: When things are getting difficult or going slow, don’t give up. You never know what is right around the corner. CONSISTENCY: Be consistent with your work product. Even if it is a smaller job, the customer is rude or you just don’t feel like working that day. Always provide the same, excellent level of service. BUY USED: When you are starting out, buy used equipment if you can. This will help you to make more profit, avoid debt and give you the freedom to make decisions that are best for your business. PERSONAL HABIT: Lou says that he is a good listener. He does’t talk too much. He just keeps his head down and keeps working. This keeps him out of trouble. BEST BUSINESS ADVICE LOU HAS RECEIVED: “Find Your Bliss”. Lou had a customer who was a successful business owner that told him this. Always pursue something that makes you happy, everyday. CONTACT INFORMATION: Telephone: 440-668-6457 Craigslist: LINK Email: L.Mincek22@yahoo.com Where Off-Farm Income And Matt Brechwald Can Be Heard: Member Of The National Association Of Farm Broadcasters
	Total Play:		0