Early Business Strategy and Investment

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15:15

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How to Make Money as a Teenager

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What happens here

Matt explains that his company focuses on upselling various landscaping services, including hedges, irrigation, tree work, and general landscape work. He emphasizes understanding what clients will pay for and what services they will allow. He reveals that his parents loaned him $2,000 to start his business at 11 years old, which he used to buy his first piece of equipment, a lawn tractor. The initial investment was paid off in one season.

Goal: Learn about Matt's initial business strategies and financial start.

Tools and materials

Backpack Blower — Clearing leaves and debris
Lawn Tractor Cub Cadet — His first piece of equipment for mowing lawns
Push Mower — Mowing smaller areas or intricate spots
Trimmer — Trimming grass and edges

What they say

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years we up sell everything that no hedges and eration tree work landscape work everything we can upsell no water client will pay you know what our clients will allow us to do how far we can push them I was turning all that money I had saved up into actual equipment I was going on a spending spree to point my parents actually said if money pretty good huh I'm good thanks Matt now you said you started cut short landscaping when you were 11 but that's not what you really started it wasn't I started before about when I was around 8 years old I got a job with a family friend of mine whom a nursery I worked with him on weekends and after school doing tree transplants installs rowing machines on the nursery or other fun stuff volunteering my services for educational purposes but the point is is you're gaining valuable experience that you wouldn't have gotten otherwise right oh yes that is correct so you had three years of work underneath your belt when you hit 11 what changed were moving away and my family helped me get a lawn tractor that they had that they were not reading with them I got few neighbors to let me lower their wall three weeks I forgot the I went to Home Depot wanted a trimmer and backpack floor and a push mower and I just worked the whole summer on weekends pretty much mowing the grass for several people okay we're gonna stop right there Matt because I want to focus on the fact that in your case you specifically did get financial help from your parents to get started oh yes that would be correct okay what was that they gave me around two grand I believe it was to try to buy that a tractor well we always had to pay back everything we borrowed for them in order to get the loan I had to make a case for them we're using the slide shows and other things to prove that they were investing in the initial investment would be returned to them in a rather quick time Matt you're talking at 11 years old you had to make a slideshow presentation on why you were a safe investment to your own parents

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