Informed Investor - Spring 2022 - Money Mindset - BUY

Page 84

YO U R I NVE STI N G

From Tiny Acorns, Mighty Oak Trees Grow Liz Bennett has bootstrapped her part-time neighbourhood gardening gig into a thriving business. At 27, Liz Bennett had just resigned after 10 years in the UK police force, and she wasn’t quite sure what to do. But she’d always liked gardening, so she did a degree in landscape architecture, which she managed to work around having her two sons. As a full-time mum, she occasionally did some garden design work while focusing most of her energy on raising the kids. It all started with an ad on Neighbourly Then in 2016, she wanted to start working again, and began looking for a part-time job with plenty of flexibility to fit around school pick-ups and sports events – with no luck. Instead, Liz posted an advertisement on Neighbourly. It said something like, ‘I love gardening but I live in a rental and I have no tools. If anyone wants me to do some gardening for them, I’ll do it for $25 an hour.’ The advertisement got four responses, and Liz started doing weeding and planting around the neighbourhood. That ticked over nicely until she hurt her back doing too much digging, and her friend, also a stay-at-home-mum, offered to step in for her. As soon as Liz’s back healed, they S P R I N G 2 0 2 2 | I N F O R M E D I NVESTO R 8 2

worked together, which allowed them scope to take on a few more clients. “It got insanely busy really quickly through word of mouth,” she says. “For two reasons, I think. First, we always turned up, and we did what we said we’d do. Second, we fitted into a niche – there are mowing companies, and hedge-trimming companies, but we didn’t have a mower or a hedge trimmer, so we did basic gardening. We were on our hands and knees getting the weeds out, with just secateurs and trowels.” Expanding the team Soon Liz needed more people, so she started asking around for other mums who wanted some super-flexible work. Plenty of

people were happy to take her up on the offer of $30 an hour for weeding, and Liz was able to start buying a few more tools. By expanding her workforce to include some younger and stronger full-time employees, Busy Lizzy Gardens was able to offer services like hedge trimming and stump grinding. She was also able to spend up large at the Stihl shop on tools that would last for years, not just months. During this period Liz often worked 17hour days, sometimes seven days a week. “It really just mushroomed,” says Liz. “Now I have 18 staff, including two landscape architects and a designer, and I took on my first licensed builder in February, with another one starting next


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Articles inside

A Much Brighter Second Half

4min
pages 118-119

Can Europe Keep the Lights On?

4min
pages 120-124

Snapshot: Innovations

2min
pages 116-117

The DAO: the Greatest Crypto Tale Ever Told

4min
pages 112-115

Going Up, Going Down

4min
pages 110-111

Can You Cut Someone Out of Your Will?

3min
pages 104-105

Book Reviews

2min
pages 106-107

Six Simple Ways to Save

3min
pages 100-101

Looking Beyond the Numbers – How to Buy a Profitable Business

4min
pages 92-95

Commercial Property is Alive and Kicking

3min
pages 96-97

Industrial Sector a Winner for Silverfin Capital Investors

2min
page 91

My uncle inspired me to start property investment

3min
page 90

Making an Income From Forex – It’s Not For the Faint-Hearted

4min
pages 88-89

Thinking of Cancelling Your Insurance? Get Advice First.

2min
page 83

From Tiny Acorns, Mighty Oak Trees Grow

3min
pages 84-85

Can Your Sustainable Investing Really Make a Difference?

3min
pages 86-87

The Art of Picking an Investment

4min
pages 80-81

Subscribe to Informed Investor

0
page 82

No More 9 to 5: A Closer Look at the Flexi Work Revolution

5min
pages 76-79

Don’t Panic

4min
pages 70-72

Were Tech Stocks Overvalued?

2min
pages 62-65

How do you Handle a Crash in the Game of Life?

3min
pages 74-75

The Money Mindset of Debt in Retirement

3min
pages 66-69

Property-Backed Investments Provide Tangible Returns in Volatile Times

2min
page 73

Your Guide to KiwiSaver

8min
pages 58-61

Mortgage Mindset: IO vs P&I

4min
pages 54-57

Battling the Bear: What Should You do in a Downtrend Market?

5min
pages 50-53

Where Are You on the Wealth Ladder?

3min
pages 36-37

Don’t Let Poor Estate Planning Tear Your Family Apart

3min
pages 34-35

When You Set Goals, You Set Yourself Apart

4min
pages 22-25

I Quit! How to Switch From Salary to Freelance

5min
pages 38-41

I bought my first investment property at twenty-one

2min
pages 48-49

How We Can All Help Grow Women’s Financial Wellbeing

3min
pages 46-47

Let’s Make Money Fun

4min
pages 26-29

From FOMO to FOOP The Psychology of the Property Market

4min
pages 30-33
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